Tuesday, March 4, 2014

IBJ Reports Stonegate Mortgage Offered Incentives for Expansion in Carmel

From the Indianapolis Business Journal:

Indianapolis-based Stonegate Mortgage Corp. plans to double its local work force by adding up to 400 jobs by 2017, the company announced Tuesday morning.

It plans to invest $6.2 million in new office space in Carmel, at the North Haven office park to accomodate the expansion.

The additional 21,000-square-foot office will be just north of its 81,515-square-foot headquarters campus at The Precedent office park in Marion County.

Company officials said the new positions will be in administration, support and sales. About 300 of the new employees will work from the new office space with the other 100 stationed in the existing office.

Stonegate officials said salaries for new employees in non-sales jobs will average about $50,000 to $55,000 per year. It could not immediately say how many of the new jobs would be in sales.

The company will receive financial incentives from the state if it meets hiring expectations. The Indiana Economic Development Corp. offered Stonegate up to $4.8 million in conditional tax credits and up to $161,250 in training grants.
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http://www.ibj.com/stonegate-plans-to-add-400-workers-in-expansion/PARAMS/article/46470