GEICO brings billionaire Warren Buffett to Carmel IN
FREE PRESS REPORT
CARMEL, IN - Billionaire Warren Buffett joined Gov. Mike Pence and the GEICO lizard showing off the insurer's new service center that has already created 250 new jobs.
That economic boom delighted Carmel Mayor James Brainard who sees GEICO as the city's largest employer that could hire more than 1,000 associates and service representatives.
"Carmel has worked hard to build a vibrant city where business can thrive and we look forward to GEICO's continued success," said Brainard.
It's easy to see why Carmel and Hamilton County are booming with low unemployment with a variety of parks, entertainment and just a quick drive to downtown Indianapolis.
Other parts of Indiana like Muncie has unemployment hovering around 10 percent and few new job opportunities despite a public university like Ball State.
Buffett acknowledged the recovery from the 2008 recession was continuing, but he could not predict the speed, especially in the Midwest that also is plagued by high gasoline prices. With housing improving and some manufacturing gains, the U.S. Department of Labor reported record employment last month throughout the country.
The economy could be predicted from Buffett's acquisitions like Dollar General last year or Dairy Queen just a few years ago. That means those with money are investing with those of fewer means buying cheap eats or dollar buys.
Pence proclaimed Indiana's low tax rate and business-friendly climate as the Legislature imposed Right to Work law last year.
Tony Nicely, GEICO president and CEO, appreciated the state's help in recruiting its workforce. GEICO is still looking for people with high computer and communication skills besides a desire to have a career and provide service.
GEICO is owned by Berkshire Hathaway, whose chairman and CEO is Buffett. Berkshire owns lots of business and GEICO serves more than 12 million motorists and 18 millions vehicles with insurance protection. GEICO careers in Indianapolis.