Job search website Indeed says it will create more jobs in Stamford, adding 500 positions to its current workforce of 700 and making an investment of $26.5 million in its offices.
Indeed is getting taxpayer-funded incentives to make the expansion. The state of Connecticut will provide a $7 million low-cost loan over 15 years, and the company can also exercise $15 million in tax credits through the state’s Urban and Industrial Sites Reinvestment Tax Credit program.
Indeed Chief Financial Officer Dave O’Neill said at a news conference Wednesday the company has most of its sales and client services staff based in the city.
“We help job seekers, we also help employers find access to talent and bring people in to help their businesses expand and grow,” he said. “And as time goes by we believe, strongly, that technology companies will have a bigger and bigger presence in the state of Connecticut and that jointly we can help grow the job base and the tech population here in the state.”
Indeed has job listings in 60 countries. The company is run out of both Austin, Texas, and Stamford, and has about 5,000 employees worldwide.
“The investment by Indeed into the expansion of the company in Stamford shows that Stamford is attractive to tech businesses,” said Mayor David Martin in a statement. “We have been working hard to make Stamford more business-friendly, and provide new residents and companies the opportunity to work, live, learn, and play in the city.”
