“As we continue to grow Indy’s international relationships through trade missions and special projects, seeing growth in support services like the Language Training Center shows that our hard work is paying off,” said Brian Gildea, vice president and executive director of Develop Indy, a business unit of the Indy Chamber. “As international relationships become increasingly more important for Indy, this sort of growth shows companies across the nation that global business is thriving in Indianapolis leading to more opportunities for job growth.”
The Indiana Economic Development Corporation offered Language Training Center up to $165,000 in conditional tax credits and up to $60,000 in training grants based on the company’s job creation plans. These tax credits are performance-based, meaning until Hoosiers are hired, the company is not eligible to claim incentives. The city of Indianapolis supports the project at the request of Develop Indy.
“With Indiana’s top-notch business environment, international companies are growing rapidly here in Indiana,” Eric Doden, president of the Indiana Economic Development Corporation, said in a press release. “That growth and the resulting diversity in the state have increased demand for language training services provided by companies like LTC. With the state’s low taxes, expanding infrastructure, and skilled workforce, more and more international companies are calling Indiana home.”
Indiana is home to more than 700 international companies, including Rolls-Royce, Bosch, Evonik, ArcelorMittal, Siemens, Roche Diagnostics, and Nestle. In 2012, the Hoosier State’s exports totaled $34.4 billion, setting a record high for the state.