The Schneider Corp. recently announced details of an expansion project at its Indianapolis location that will include a capital investment of more than $4.4 million, retain 250 jobs and create over 140 new, high-paying jobs by 2010.
Founded in 1962 and headquartered in Indianapolis, The Schneider Corp. is a third-generation, family-owned company with seven offices and over 300 professionals serving a range of private and public sector clients. Schneider applies professional expertise and sophisticated technology in the areas of Engineering, Land Surveying, and GIS services to support its clients’ growth.
The state of Indiana, through the Indiana Economic Development Corporation (IEDC), the city of Indianapolis, and the city of Lawrence worked together to provide an incentive package that helped make the project a reality in Indiana.
“This is a very exciting day for us and our vision of the future,” said Ed Jolliffe, president of The Schneider Corp. “Our corporation is driven by the dedication of our employees, a commitment to our clients, and giving back to our community. We are also committed to do our part to keep Indiana graduates in-state, for we believe Indiana’s own should build the infrastructure of tomorrow.”
Employing 325 workers at seven offices nationwide, Schneider plans to expand its corporate headquarters building at Fort Benjamin Harrison and refurbish and occupy a second adjacent building it has purchased. The existing positions at Schneider, and the new jobs being added at its Indianapolis headquarters, pay significantly above Indiana’s average wage.
Indianapolis Economic Development, a member of The Indy Partnership, assisted Schneider with its site selection and tax abatement application.
The economic development incentives offered by the IEDC include:
Up to $245,500 in training grants from the Skills Enhancement Fund (SEF) to train Indiana resident employees;
Up to $50,000 in training grants for technology professionals through the Technology Enhancement Certifications for Hoosiers (TECH) fund;
Up to $2,175,000 over eight years in Economic Development for a Growing Economy tax credits (EDGE); and
Approximately five percent of the company’s qualified investment through the Hoosier Business Investment tax credit program.
In addition, the city of Indianapolis agreed to grant real and personal property tax abatement, totalling approximately $180,000 in savings, to support the capital investment made by The Schneider Corporation. The city’s incentive package will go before the Metropolitan Development Commission for their approval in March.
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