Erie Insurance makes investment on home turf

The company’s real estate investments are expected to result in at least 1,000 jobs

Insurance News

By Allie Sanchez

Erie Insurance expects to create 1,000 jobs in its Pennsylvania headquarters as it undertakes a $135 million facility expansion with the construction of a 346,000 square foot building on East Sixth Street.

According to an online report by GoErie.com, Erie Insurance chief executive Timothy G. NeCastro said that the company expects to add 1,000 jobs to the local economy. In November, he estimated the workforce expansion to reach 600, but the robust environment has proven to be auspicious for the job market.

“This is a demonstration of our commitment to the community,” NeCastro said in the report.

GoErie.com further noted that the firm has been overweight on the local community, as it commenced a spending spree in 2011. It has since acquired 30 properties in the east side neighborhood and has invested heavily in real property assets.

The local community has been appreciative. Erie Bayfront East Side Taskforce executive director Jeremy Bloeser expressed his optimism about the sustained activity in his neighborhood.

“We are very excited about all of Erie Insurance’s investments and planned growth. We think it positively impacts our neighborhood and makes it a better place to live and gives us a sense that Erie is trending in the right direction,” Bloeser said in the report.

Erie Insurance is the only Fortune 500 company that is based in the Pennsylvania community. 


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