The India-based tech giant broke ground 4-1/2 years ago on what it said would eventually be a $245 million, 141-acre campus. Today, Infosys appears far from achieving that vision—and it’s unclear when, or if, it ever will.
Read MoreThe council’s Metropolitan and Economic Development Committee voted unanimously to approve the creation of the two new tax-increment financing districts.
Local dignitaries and regional clients were expected to be on hand as India-based tech giant Infosys kicked-off construction of its $245 million educational campus. The first phase is scheduled to be done by the end of 2020.
The airport will sell 132 acres to the city of Indianapolis in phases over the next several years. In turn, the city will sell the property to Infosys for pennies so it can create a $245 million training campus.
Hundreds of teachers assembled at Indiana University to take in lectures, hit the books and do some hands-on training as part of the inaugural Pathfinders Summer Institute.
The company's U.S. hiring spree will bring its services closer to its sizable customer base in this country, although industry analysts said the change could increase costs and undercut profit.
The India-based technology company plans to hire 3,000 employees in Indianapolis by the end of 2023.
The ultimate project, to be developed in phases over the next several years, is expected to be a $245 million, 141-acre complex with 786,000 square feet of facilities.
Gov. Eric Holcomb and state economic development officials have been pushing Infosys in a series of meetings to make Indianapolis a major training campus for the thousands of employees it plans to hire across the country.
Gov. Eric Holcomb’s Next Level Trust Fund, which designates $250 million for venture capital, also made our list.
Tech leaders, including Salesforce CEO Marc Benioff, think Indianapolis would be a great location for Amazon’s second headquarters. And, like other cities in the running, it has some strengths and weaknesses.
A shortage of available talent to fill the thousands of jobs that tech companies like Infosys plan to offer has local leaders powwowing about ways to flood the tech pipeline.
