STAMFORD, Conn. — Connecticut got some good news about jobs and corporations on Wednesday.
The job-hunting website Indeed announced it will invest $26.5 million to expand its Stamford offices, where its workforce already exceeds 700 employees. The project will create as many as 500 new jobs, bringing the company’s Connecticut job presence to over 1,200 employees.
“This is a significant win for Connecticut’s economy and a testament to the quality of our workforce,” Gov. Dannel P. Malloy said. “Indeed is an innovative, high-tech company that has been steadily growing services and adding hundreds of new, good-paying jobs, going from a handful of employees over a decade ago to 700 working in Stamford today.”
Indeed is the largest job site in the world, connecting job seekers to millions of employment listings in over 60 countries and 28 languages.
The website at Indeed.com is used across the world by more than 200 million people each month, who are searching for jobs, posting resumes, and researching companies. The job site’s “pay per performance” model has encouraged millions of employers to use Indeed to help with hiring.
“From our start in small offices in Stamford and Austin to our current position as the global leader in job search with over 5,000 employees worldwide, we have always had the mission of helping people get jobs,” said Dave O’Neill, Indeed’s chief financial officer. “We have found a great talent pool in the State of Connecticut to help us achieve that mission, and we’re pleased to be continuing this successful partnership."
O'Neill also praised the Connecticut workforce.
"Our Stamford employees are the face of the company to hundreds of thousands of our customers, and helped lay the groundwork for our global expansion.”
Under the expansion, Indeed plans to lease additional office space at its location at 177 Broad St. in Stamford and evaluate longer-term expansion options.
Stamford Mayor David Martin said. “The investment by Indeed into the expansion of the company in Stamford shows that Stamford is attractive to tech businesses. 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.”
The Connecticut Department of Economic and Community Development will provide a 15-year, $7 million low-interest loan to support the expansion. Indeed is also eligible for up to $15 million in tax credits and loan forgiveness if certain employment obligations are met.
“Indeed is a leader in their industry, and the fact they choose to invest and grow in CT is exactly what our state needs in focusing our efforts to ramp up Connecticut’s tech-sector and continue the robust creation of good-paying jobs in our city and state," said State Sen. Carlo Leone (D-Stamford).
Connecticut has been criticized after General Electric moved its headquarters from Fairfield to Boston and after Aetna announced last month it will move its HQ from Hartford to New York City.
Interested in the job openings at Indeed's offices in Stamford? Click here.
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