Saturday, July 28, 2012

Sallie Mae Seeks Incentives for Expansion in Muncie

From the Indianapolis Business Journal:

Student-loan giant Sallie Mae announced Friday morning that it plans to add 200 jobs at its Muncie location as part of a $5 million expansion.

The Newark, Del.-based corporation said the investment will go toward a 20,200-square-foot expansion of its offices at Airpark Industrial Park. When finished next summer, the 75,000-square-foot facility will house 900 employees.
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The Muncie Redevelopment Commission will consider in August an incentive proposal to lower the purchase price of the building that Sallie Mae now leases but intends to buy. The City Council will consider a request for a partial tax abatement on Aug. 6.
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http://www.ibj.com/sallie-mae-plans-to-add-200-jobs-in-muncie/PARAMS/article/35789