Health insurer Anthem Inc. announced on Tuesday that it will remain headquartered in Indianapolis and invest $20 million in a new corporate office.
Rumors were circulating for months that Anthem would move its headquarters to Atlanta following the opening of the $150 million Anthem Technology Center in the city. The company has been based in Indianapolis since it was launched more than 70 years ago.
[Related: Anthem sees profits jump 30 percent after shedding Obamacare customers]
The new office building will hold more than 2,600 employees. Construction is expected to be completed by the end of 2018.
“Our employees live and work here and we are part of the community. We appreciate the support from the City of Indianapolis and the State of Indiana as we worked through the process to finalize our plans,” chief executive officer Gail Boudreaux said in a statement.
“Anthem’s new headquarters will be a magnet for talent attraction and retention, and we look forward to their growth here in the Hoosier state,” Indiana governor Eric Holcomb said.
Under the GOP-led tax law, companies can fully expense the cost of investments made back into the business. Prior to 2018, companies could only expense a portion of those purchases each year. A surge in capital spending has accompanied the policy shift.
