MindTree opts for Florida to set up its first big US R&D base

28th March 2012
MindTree  opts for Florida to set up its first big US R&D base
The proposed location for MindTree's US R&D centre in Gainesville, Florida ( Photo Courtesy: Google Maps Street View).

WARREN, New Jersey (US) and Bangalore, INDIA, March 27 2012: Bangalore-headquartered Global IT and Product Engineering Services Company MindTree Limited, has decided on the home for its first major U.S. Development Centre. It is to be in Gainesville, Florida in the US SouthEast. “Setting up our first major U.S. Development Center in Florida gives us a foothold into this region” said Scott Staples, President. Americas, MindTree Limited. “Gainesville, Florida is a great city with many positives: a thriving population of IT and engineering talent; a great place for our MindTree Minds to call home and; a strong partnership with the University of Florida.”

Local newspaper, the Gainesville Sun reported on March 21: A majority of the Alachua County Commission has voted to provide a $120,000 tax incentive to a software development company ( MindTree Ltd) that may open a Gainesville office in the midtown area that could provide 400 jobs.The company is looking at opening an office in Gainesville at 720 SW 2nd Ave. across from the Innovation Hub...The average salary for employees would be $80,000 a year. The firm also has pledged a capital investment of approximately $2.925 million regarding the proposed location. http://www.gainesville.com/article/20120321/GUARDIAN/120329925/-1/guardian?  

“This expansion is great news for both Gainesville and for the entire state of Florida” said Governor Rick Scott. “MindTree’s choice to expand in our state confirms that our state is doing the right things to attract innovative businesses like those in the IT sector. I look forward to signing the legislation that will put my Job Creation and Economic Development Agenda in place and make Florida even more attractive to companies looking to expand in a business-friendly state like ours.”

Added Lt. Governor Jennifer Carroll: “As we encourage Florida’s students to study science, technology, engineering and math, it is great to see high-tech companies like MindTree come to our state. In addition to making sure Florida has the best-educated workforce, our state is making sure business growth is not hindered by increasing taxes and burdensome regulation.”
MindTree will be renovating and repurposing an existing structure located across from Gainesville’s Innovation Hub and Innovation Square. This location will provide MindTree with close access to the University of Florida’s Engineering and Computer Science programs.
MindTree is ranked No. 2 among the Most Admired Knowledge Enterprise (MAKE) India Award winners in 2011. In 2010, the Company ranked 13th in NASSCOM’s listing of Top IT Software and Services Exporters in India (excluding BPO). www.mindtree.com