Monday, November 22, 2021
About this Event
Allegion to invest nearly $13 million to further enhance local manufacturing of advanced safety and security solutions
INDIANAPOLIS (Nov. 22, 2021) – Allegion plc (NYSE: ALLE), a leading global provider of security products and solutions, today announced that its Indiana-based business – Schlage Lock Company LLC – expects to expand its Indianapolis-area presence over the next five years, creating up to 325 new jobs by the end of 2026.
“Allegion is a prime example of how companies continue to innovate and set a new technology standard within an established industry, like the lock and security field,” said Indiana Secretary of Commerce Brad Chambers. “The energy this growth brings to central Indiana will help reaffirm Indiana’s strong reputation as a great state for high-growth innovation and the best workforce in America.”
Headquartered in Dublin, Ireland, Allegion plans to invest nearly $13 million to enhance its manufacturing and engineering capabilities in the state through capital investments – as well as expand its IT and innovation expertise here. The company already employs approximately 1,300 people in central Indiana with more than 11,000 team members across North America, Europe and Asia Pacific. Allegion is hiring for a variety of roles and interested applicants may apply for jobs online.
“Allegion has a strong history in Indiana, with one of our key global safety solutions – the Von Duprin exit device – being manufactured here for well over 100 years,” said Luis Orbegoso, senior vice president and president of Allegion Americas. “Since becoming a standalone company, we’ve also been proud to call Indiana the home of our Americas regional headquarters – and we added to our presence with the opening of our Hague Road Technical Center in 2019. Now, we look forward to the next chapter of innovating and creating in Indiana to support our global vision of seamless access and a safer world.”
Allegion, an S&P 500 company that’s publicly traded on the New York Stock Exchange, was founded in 2013 and is known for its seamless access solutions, with 30 brands that have established leadership positions in their markets and strong reputations for quality. Those brands have roots in businesses from as early as 1750, and many have since created their respective product categories – like Von Duprin, which invented the exit device in 1908. The company’s most recent safety and security innovations support healthy building environments through contactless technologies that create automated door openings.
“Indianapolis is proud to have a global innovator like Allegion expanding its roots and adding hundreds of jobs in our city,” said Indianapolis Mayor Joe Hogsett. “We continue to prioritize good-paying jobs and quality-of-life investments to build upon our thriving business ecosystem. Today’s announcement is a promising sign of success for that approach.”
Pending approval by the Indiana Economic Development Corporation (IEDC) board of directors, the IEDC will commit an investment in Allegion of up to $7.5 million in the form of incentive-based tax credits and $100,000 in conditional training grants, based on the company’s job creation plans. These tax credits are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The city of Indianapolis supports the project in partnership with Develop Indy.
Allegion (NYSE: ALLE) is a global pioneer in seamless access, with leading brands like CISA®, Interflex®, LCN®, Schlage®, SimonsVoss® and Von Duprin®. Focusing on security around the door and adjacent areas, Allegion secures people and assets with a range of solutions for homes, businesses, schools and institutions. Allegion had $2.7 billion in revenue in 2020, and its security products are sold around the world. For more, visit allegion.com.
The Indiana Economic Development Corporation (IEDC) is charged with growing the State economy, driving economic development, helping businesses launch, grow and locate in the state. Led by Secretary of Commerce Brad Chambers, @SecChambersIN, and governed by a 15-member board chaired by Governor Eric J. Holcomb, @GovHolcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit iedc.in.gov.
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