Jan 25, 2022

Chartered Crypto-Startup Banks on Indiana's Thriving Tech Community, Top Talent

 Anchorage Digital, a regulated digital asset platform and the first crypto company to receive a federal bank charter, announced plans today to establish operations in central Indiana, creating at least 10 new, high-skill jobs by the end of 2022.

"Indiana is on the cutting-edge of high technology and innovation as more companies like Anchorage Digital join the state’s thriving tech community," said Dave Roberts, executive vice president of entrepreneurship and innovation for the Indiana Economic Development Corporation (IEDC). "We’re excited to welcome Anchorage Digital, the first of its kind in a rapidly evolving market, to the Hoosier state, and we will continue growing an outstanding tech ecosystem businesses can count on."

Headquartered in San Francisco, with nearly 200 employees around the globe, Anchorage Digital will invest significant capital to hire top talent in Indiana, allowing the company to expand its technology and services to the Midwest, where it already employs six team members operating primarily out of Indianapolis.

Based on the company's job creation plans, the Indiana Economic Development Corporation committed an investment in Anchor Labs Inc. (dba Anchorage Digital) of up to $350,000 in the form of incentive-based tax credits. 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, the economic development organization for the city of Indianapolis and Marion County. The city of Indianapolis and Develop Indy work together to advise business entities with respect to state and local government incentives for economic development projects. In 2021, this partnership brought 71 relocation and expansion projects, created 4,575 new jobs, and secured $572 million in capital investment for Indianapolis.