Allegion (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.

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.