IPL parent company AES to move US headquarters to Indianapolis
One hundred new high-paying jobs are coming to downtown Indianapolis. The parent company of Indianapolis Power and Light, IPL, is making Indianapolis its new US hub.
An IPL spokesperson said many of the people filling the new jobs, executive and managerial positions, will make more than $100,000 a year in salary and benefits.
They'll be working for AES, one of the world's largest power producers. It provides energy in 23 countries with 21 businesses in the United States. AES is spending about $1.2 million on the move.
Indy becomes the new United States headquarters, beating out Houston and Dayton, Ohio.
IPL president Ken Zagzebski, named president of AES's U.S. Strategic Business Unit, said AES chose Indianapolis "for a lot of reasons."
One reason includes nearly $3 million in tax credits and training grants from the Indiana Economic Development Corporation.
Zagzebski said, "It was a factor. Everything is a factor but the primary factor was the great business climate and the regulatory climate in Indiana. We believe the state takes the long-term view on things and that's important to our business because our business assets will be around for a long time.
Governor Mike Pence applauded the move, noting the incentives can't be claimed until the100 jobs are filled.
"For Indiana to step into the equation, we offered what we believe is a competitive package of performance-based incentives," said Pence.
The jobs here are expected to be in place by the end of 2014.
Zagzebski said while some of those jobs will be filled by people relocating to Indianapolis, the majority will be new hires.
He said the move involves closing AES's Houston office, adding it's all meant to make operations more efficient.
As for the impact on IPL customers and the rates they pay?
Zagzebski said, "It won't effect anything tomorrow. We take the long-term perspective. We do a lot of things to lower the cost structure and this is one of the things we're doing to continue maintaining a low structure for utilities."
Kelly Huntington will take Zagzebski's takes place as president of IPL. Most recently she's been Senior Vice President and CFO of IPL.
The 21 AES businesses across the country will transition to operate as one unit, located at IPL's existing headquarters at the Electric Building on Monument Circle.
The Indiana Economic Development Corporation offered AES Corporation up to $2,750,000 in conditional tax credits and up to $87,500 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.
AES employees 3,600 in the United States and 25,000 globally. It will start filling new positions immediately. Apply here.