Milliman, Inc., an actuarial and consulting firm, announced plans today to expand its operations here, creating up to 26 new jobs by 2017.
The Seattle, Wash.-headquartered company, which has 54 offices on five different continents, will invest $2 million at its current 25,000 square-foot office in downtown Indianapolis and install additional information technology equipment. Milliman, which currently employs more than 55 associates in Indianapolis, has already begun hiring additional actuarial consulting professionals.
“Once again, Indiana’s business-friendly climate and talented workforce seal the deal for a high-growth firm looking to expand its business,” said Dan Hasler, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation. “We look forward to Milliman continuing its contribution to Indiana’s business landscape and creation of high-quality careers for Hoosiers.”
Founded in 1947 in Seattle, Wash., Milliman provides consulting for employee benefits, healthcare, life insurance and financial services, as well as investment, property and casualty insurance issues consulting. The company, which has had a presence in Indianapolis since 1965, has more than 2,600 consulting professionals worldwide serving the full spectrum of business, government, education and non-profit organizations.
“Milliman is pleased to be expanding in Indianapolis,” said Robert Damler, principal and consulting actuary at Milliman. “Our decision to grow in Indianapolis is driven in large part by the state and community efforts to provide a low-cost business environment as well as an excellent supply of top-quality talent.”
The Indiana Economic Development Corporation offered Milliman, Inc. up to $400,000 in conditional tax credits and up to $97,000 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 this project at the request of Develop Indy.
“We are pleased that Milliman will be expanding its operations here in Indianapolis, adding more quality jobs to our talented workforce,” said Indianapolis Mayor Greg Ballard. “Our low cost of doing business and our skilled labor force are primary reasons why global companies such as Milliman choose to invest in our city.”
Milliman has benefited from using Indiana’s talented workforce and actively recruits from Hoosier institutions of higher education, including Ball State, Butler and Purdue Universities, all of which offer actuarial science programs.