Appirio to Open 12,500SF Office, Cloud Computing Center in Downtown Indianapolis
- Aug 31, 2012
by Adriana Pop, Associate Editor
Appirio, Inc., a San Francisco-based technology company, has announced plans to open a new office and cloud computing development center in downtown Indianapolis.
The company will invest more than $2 million in its expansion, which includes leasing, renovating and equipping 12,500 square feet of space in the Pan American Office Tower. The center is expected to open in October, and to create up to 300 high-wage jobs over the next three years.
Appirio considered several other Midwestern cities for its expansion but ultimately chose Indianapolis. “Opening an office and cloud development center in Indianapolis gives Appirio access to a large, highly educated talent base with close proximity to customers and partners. It also provides a great career opportunity for those looking to join a company that’s changing an industry,” said Chris Barbin, CEO of Appirio.
If it meets hiring requirements, Appirio will receive up to $5,600,000 in conditional tax credits and up to $200,000 in training grants, as an incentive from the Indiana Economic Development Corp. Since it was founded in 2006, the company has grown to more than 500 cloud experts in offices spanning the U.S., Europe and Asia Pacific. The Indianapolis office will be Appirio’s second location in the U.S.
“Indianapolis is leading the charge for innovation in information technology and competitively working to attract companies eager to draw from our skilled workforce,” said Indianapolis Mayor Greg Ballard. “Appirio’s decision to expand its business in Indianapolis is a testament to our pro-growth economic environment and strong IT sector.”
In 2011, the Indianapolis metropolitan area ranked 11th in the nation for high-tech growth, industry concentration and momentum, a study by EMSI and the Praxis Strategy Group shows.
According to a report released by Marcus & Millichap, the city’s overall office vacancy during the third quarter remains unchanged at 20.5 percent since the end of 2011. As more office-using jobs increase demand for space, the metro’s vacancy rate is expected to decline to 19.9 percent.
Photo credits: coastalpartners.net
Chart courtesy of Marcus & Millichap