AIG to Open AI-Focused Innovation Hub in Atlanta, Creating 600 Jobs
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Insurer AIG becomes the latest company to open an innovation center in metro Atlanta
BROOKHAVEN, Ga. (AP) -- Insurance company AIG will create a new "innovation hub" in suburban Atlanta, hiring 600 new employees over the next five years, the company announced Wednesday. New York-based American International Group said it would relocate existing operations from two other Atlanta-area offices to a building near Perimeter Mall in Brookhaven, tripling its leased office space. The company said it wanted to locate in Atlanta to have access to talented workers who could improve the insurer's digital and artificial intelligence capabilities. The company will hire insurance underwriters and claims handlers as well as data engineers and artificial intelligence specialists. AIG didn't say how much the average worker would earn. The company is already hiring for some roles, with the new office expected to open in 2026. Several other companies have announced similar innovation centers in metro Atlanta in recent months. The company could qualify for $5.25 million in state income tax credits, at $1,750 per job over five years, as long as workers earn at least $35,600 a year. AIG's Executive Vice President, Claude Wade told The Atlanta Journal-Constitution that AIG received no additional incentives above what businesses would qualify for by law.
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Insurer AIG Becomes the Latest Company to Open an Innovation Center in Metro Atlanta
BROOKHAVEN, Ga. (AP) -- Insurance company AIG will create a new "innovation hub" in suburban Atlanta, hiring 600 new employees over the next five years, the company announced Wednesday. New York-based American International Group said it would relocate existing operations from two other Atlanta-area offices to a building near Perimeter Mall in Brookhaven, tripling its leased office space. The company said it wanted to locate in Atlanta to have access to talented workers who could improve the insurer's digital and artificial intelligence capabilities. The company will hire insurance underwriters and claims handlers as well as data engineers and artificial intelligence specialists. AIG didn't say how much the average worker would earn. The company is already hiring for some roles, with the new office expected to open in 2026. Several other companies have announced similar innovation centers in metro Atlanta in recent months. The company could qualify for $5.25 million in state income tax credits, at $1,750 per job over five years, as long as workers earn at least $35,600 a year. AIG's Executive Vice President, Claude Wade told The Atlanta Journal-Constitution that AIG received no additional incentives above what businesses would qualify for by law. Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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Insurance giant AIG announces plans to establish a new innovation center in metro Atlanta, focusing on digital and AI capabilities. The move will create 600 jobs over five years and triple the company's office space in the area.
AIG Announces New Innovation Hub in Atlanta
American International Group (AIG), a leading global insurance company, has revealed plans to establish a new "innovation hub" in suburban Atlanta. The announcement, made on Wednesday, outlines the company's strategy to expand its presence in the region and leverage local talent to enhance its digital and artificial intelligence capabilities 1 2.
Job Creation and Office Expansion
The New York-based insurer has committed to creating 600 new jobs over the next five years as part of this initiative. AIG plans to relocate its existing operations from two other Atlanta-area offices to a new building near Perimeter Mall in Brookhaven. This move will result in a significant expansion, tripling the company's leased office space in the area 1.
Focus on Digital and AI Capabilities
AIG's decision to establish an innovation hub in Atlanta is driven by the city's reputation as a talent hub. The company aims to tap into the local workforce to improve its digital and artificial intelligence capabilities. The new roles will span various disciplines, including insurance underwriting, claims handling, data engineering, and artificial intelligence specialization 2.
Timeline and Hiring Process
While the new office is expected to open in 2026, AIG has already begun the hiring process for some positions. The company has not disclosed information about average salaries for the new roles 1.
Economic Incentives
AIG could potentially benefit from $5.25 million in state income tax credits, calculated at $1,750 per job over five years. To qualify for these credits, the new positions must offer a minimum annual salary of $35,600. Claude Wade, AIG's Executive Vice President, confirmed to The Atlanta Journal-Constitution that the company did not receive any additional incentives beyond what is typically available to businesses under existing laws 2.
Atlanta's Growing Innovation Ecosystem
AIG's announcement aligns with a broader trend in the metro Atlanta area, where several companies have recently unveiled plans for similar innovation centers. This development further solidifies Atlanta's position as an emerging hub for technology and innovation in the insurance and financial services sectors 1.
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