Belden employs approximately 6,600 associates globally, including 39 employees in Carmel. The company will begin hiring the additional 40 headquarter associates, including human resources, finance and customer support, this year.
“Belden is pleased to receive the support of the state of Indiana and the city of Carmel for its growth plan in the Indianapolis area,” said Denis Suggs, executive vice president, Americas Operations and Global Cable Products at Belden. “The business environment in Indiana is tremendous and we are proud to employ over 800 Indiana residents.”
Incorporated in 2004 through the merger of Belden, Inc. and Cable Design Technologies Corp., Belden operates globally with more than 50 office locations. The Americas division headquartered in Carmel represents more than half of the company’s $1.7 billion revenue in 2010.
The Indiana Economic Development Corporation offered Belden, Inc. up to $750,000 in performance-based tax credits based on the company’s job creation plans. The city of Carmel will consider additional property tax abatement.
“I am very pleased that Belden has been able to expand in Carmel. We work hard to provide an environment where businesses can thrive,” said Carmel Mayor Jim Brainard. “It is especially important, as our nation’s economy struggles, to continue providing business expansion and new job opportunities such as Belden is doing.”
Belden’s announced plans to expand its headquarters in Carmel comes on the heels of announcements from several other companies in nearby Indianapolis this week. Collectively, Angie’s List, Old Dominion Freight Line and Belden have committed to create more than 700 new jobs and invest nearly $37 million in central Indiana over the next few years.
– Edited press release by Katelyn Hancock, Indiana Economic Development Corporation.