Liberty Mutual Plans 400 New Carmel Jobs
The new Liberty Mutual space will be in the Parkwood Crossing complex
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowBoston-based Liberty Mutual Group Inc. is planning to add up to 400 Carmel jobs as part of a $14 million expansion plan. The insurance company has a global presence and currently employs 1,430 in central Indiana. The Indiana Economic Development Corp. says the new jobs, expected to be created by 2021, will pay more than the state and Hamilton County average wages.
Plans call for Liberty Mutual to lease 56,000 square-feet in the Parkwood Crossing complex. Renovations could start early next year and be complete in the spring. Senior Vice President, Talent & Enterprise Services Karen Whiteknact says "this expansion strengthens our already significant commitment to this city and state of Indiana, where we’ve long been impressed with its talented workforce and quality of life."
The more than century-old company generated $38 billion in revenue last year and is considered the fourth-largest property and casualty insurer in the U.S. by the National Association of Insurance Commissioners. It has operations in 30 countries and is ranked 75th on the Fortune 100 list of largest U.S. corporations.
If approved by its board of directors, the IEDC will offer Liberty Mutual up to $5.5 million in conditional tax and training incentives. You can connect to more about the expansion plans by clicking here.