- Key Initiatives
WARSAW, Ind. (September 8, 2020) – Silveus Insurance Group, Inc. a national leader in crop insurance products, announced plans today to expand its Warsaw campus, creating up to 46 new jobs by the end of 2022.
“Indiana has a rich tradition in agriculture, with the industry contributing more than $31 billion annually to the state’s economy,” said Indiana Secretary of Commerce Jim Schellinger. “We’re grateful for Silveus Insurance Group’s decision to continue scaling its operations in Indiana and delivering critical services to Hoosier farmers, and we’re excited to support the company’s growth and success in Kosciusko County for years to come.”
Silveus Insurance Group is a fourth generation, closely held crop insurance agency based in Warsaw, which is home to a well-established agribusiness sector featuring numerous nationally known businesses. The company has acquired sites and buildings surrounding its Mariners Drive headquarters and will continue to invest in developing its corporate campus, which will allow the company to maintain its employment base in Kosciusko County while continuing to grow sales nationally.
“For more than 75 years, Silveus Insurance Group has focused on customer service and constant innovation to serve our clients’ unique needs,” said Silveus Insurance Group Board Chair, Craig Snow, “After considering a number of options in the area, we are excited to continue to grow our business, our culture and our team at our Warsaw campus.”
Silveus Insurance Group currently employs 56 team members in Warsaw and others at five satellite locations and has already begun hiring to meet emerging needs. Positions are announced on the company’s website: silveuscropins.com.
“We appreciate Silveus Insurance Group continuing to grow their business over multiple generations in Warsaw,” said Mayor Joseph M. Thallemer. “This is a locally owned, locally grown company that has become an important part of the fabric of our community.”
The Indiana Economic Development Corporation (IEDC) offered Silveus Insurance Group up to $520,000 in conditional tax credits and up to $80,000 in conditional training grants based on the company’s job creation plans. These incentives are performance-based, meaning the company is eligible to claim incentives once Hoosiers are hired. The City of Warsaw will consider additional incentives at the request of the Kosciusko Economic Development Corporation (KEDCO).
“This announcement shows the diversity and vitality of the agribusiness sector in our community,” said KEDCO CEO Alan Tio. “Silveus Insurance further exemplifies the impressive number of companies that are so focused on building up their people and our community that call Kosciusko County home.”
About Kosciusko Economic Development Corporation
Kosciusko Economic Development Corporation (KEDCO) was formed in 1984 as Kosciusko Development, Inc. to promote economic and community development throughout Kosciusko County. KEDCO is the economic development corporation serving Kosciusko County and all the municipalities therein. Our mission is to convene, build, and show our community’s economic growth resources. For more information, visit: www.kosciuskoedc.com.