Indeed to add hundreds of Stamford jobs
Job-site Indeed plans to add another 500 jobs in Stamford, bringing its total Connecticut contingent to 1,700, company and state officials announced Monday.
Indeed’s local offices are currently based at 177 Broad St., in downtown Stamford. The company plans to invest $66 million toward its expansion and is exploring real estate options to accommodate the growth.
“We continue to invest in Connecticut because this region has helped us deliver on our mission of helping people get jobs since we started here 14 years ago,” Dave O’Neill, Indeed’s chief operating officer, said in a statement. “While we have expanded all over the world since our founding, Stamford continues to be a critical region for our success and we are confident we will continue to find the talent we need to help our business continue its growth.”
Indeed, which describes itself as the world’s largest job site, operates in 60 countries and 28 languages. More than 250 million people use the site each month, according to company data.
The state Department of Economic and Community Development is supporting this newest expansion with a 15-year, $10 million low-interest loan for equipment and leasehold improvements. The company may be eligible for loan forgiveness if certain job targets are met.
Indeed could also be eligible for up to $5 million in tax credits through DECD’s Urban and Industrial Site Reinvestment Tax Credit program.
“Indeed’s expansion in our state is great news for the well-trained, talented, and sought-out workers in Connecticut’s tech sector,” Gov. Dannel P. Malloy said in a statement. “This is a global, innovative company that has recognized the benefits that Connecticut brings to the tech industry. We welcome the company’s capital investment in our state and the growth of hundreds of high-quality jobs that will follow.”
Major functions on the Indeed site include searching for jobs, posting resumes, and researching companies.