2/15/2006
Media Contact:
Cheri Gustin
Marketing Manager, The Schneider Corporation
Phone: 317.826.7100
Toll Free: 866.973.7100
Fax: 317.826.7200
e-mail:cgustin@schneidercorp.com |
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Schneider Corporation to Create High-Paying Jobs
Company plans over $4 million investment, 21,000 square foot facility expansion
Indianapolis - Governor Mitch Daniels, Indianapolis Mayor Bart Peterson, and Lawrence Mayor Deborah Cantwell today joined Ed Jolliffe, president of The Schneider Corporation to announce details of an expansion project designed to strengthen the local economy. The Schneider Corporation will make a capital investment of more than $4.4 million, retain 250 jobs and create over 140 new, high-paying jobs by 2010.
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 Corporation. "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.
"Investments like the one The Schneider Corporation is making today reflect an encouraging confidence in Indiana as a place of economic promise. We hope to create even greater hiring challenges for Schneider by passing our Major Moves program," said Governor Daniels.
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.
"Schneider’s dedication to innovation and technology has made it an industry leader, paving the way for its continued growth in Indianapolis," said Mayor Peterson. "Schneider is another success story in the city’s continued effort to attract investment in our community while creating high-paying, quality jobs for our residents."
"First, I want to congratulate Schneider Corporation on their expansion and we are grateful they have chosen the City of Lawrence as their home. It is our good fortune to have businesses of their caliber in our City," said Mayor Cantwell. "Attracting high paying, high quality jobs that are energizing our economic vitality bring a whole new synergy to this area."
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)
§ Approximately 5 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.
Founded in 1962 and headquartered in Indianapolis, The Schneider Corporation 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.
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