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Verbatim: Brotherhood Mutual to expand operations

Indiana-based insurance company to add jobs, expand home office

A written report received Thursday morning from the Fort Wayne-Allen County Economic Development Alliance:

Fort Wayne, Ind. (December 27, 2012) — Brotherhood Mutual Insurance Company announced today its four year expansion plan that includes adding a payroll service for churches and an additional 102 jobs across company operations. The plan also calls for construction of a new 54,395 square foot office building on the

company's current property at 6400 Brotherhood Way in Fort Wayne. The construction project will begin April 2013 and is scheduled for completion in March 2014.

"This expansion is due in part to endeavors like MinistryWorks, a new ministry payroll service the company launched in 2012." says Mark Robison, president and CEO at Brotherhood Mutual. "Fort Wayne's stable economic environment provides an excellent foundation to support Brotherhood Mutual's growth. This company

has its roots in this community, and as we approach our 100th anniversary, we're looking forward to many more years of serving church customers across the country. This expansion is the next step in making that goal a reality."

Brotherhood Mutual will invest $15 million in the construction project. The project will include the new building, remodeling parts of the existing building, and creating a skywalk to connect the two. The company's new facility will include space for up to 200 additional employees plus a large training area to educate agents and staff. Brotherhood Mutual will add 102 jobs over the next four years and retain its current local staff of nearly 270 for an annual payroll of $19.3 million.

"Brotherhood Mutual has a long history of sustainability here in our community, even in tough economic times. It continues to provide job opportunities to the citizens of Fort Wayne and surrounding communities," says Mayor Tom Henry. "It's great to see a locally grown company like Brotherhood Mutual continue to thrive and prosper. Fort Wayne is built for success and the expansion of this accomplished company is further testimony to the strength of our City."

The Fort Wayne City Council will consider phasing in taxes associated with the project. Brotherhood Mutual could save approximately $1.8 million on real and personal property taxes over a 10-year period. The company worked with the City of Fort Wayne, Indiana Economic Development Corportation (IEDC), and WorkOne

Northeast to prepare an additional incentive package of $1 million to be disbursed over a 7-year period.

"Just as it's important to attract new business, it's also important to make sure Indiana maintains an environment that allows existing businesses to prosper," said Governor Mitch Daniels. "Brotherhood Mutual was founded here and we're glad they're continuing their commitment to northeast Indiana and trend of creating new career

opportunities for Hoosiers."

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