Company Recognized for Economic Development, Civic Achievement in Muncie
MUNCIE, Ind., Oct. 19 /PRNewswire-FirstCall/ -- Sallie Mae -- the
nation's leading saving- and paying-for-college company -- today received
the 2007 Community Impact Award from the Muncie-Delaware County Chamber of
Commerce. The company was recognized for its significant economic
contributions and civic achievement in Muncie-Delaware County.
(Logo: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a )
"Sallie Mae has clearly had a very significant impact in our community
over the last year," said Terry Murphy, Vice President, Economic
Development for the Muncie-Delaware County Economic Development Alliance.
"Their contributions have come in a variety of different arenas but
include: hiring local contractors during the construction period, using
local service vendors, hiring hundreds of residents, adding millions of
dollars in new payroll to our area, and taking an active role in supporting
our local community organizations. Having the presence of a Fortune 500
company like Sallie Mae in our community is profound and will continue to
be so in the future."
The purpose of the award is to recognize a person, organization, or
company that has made significant contributions to the economic well being
of Muncie and Delaware County during the past year. Award nominees were
evaluated based on the following criteria: job creation, capital
investment, new payroll, enhancement in community image, community
leadership and civic involvement and volunteerism.
Sallie Mae recently marked its first full year in Muncie. The company
built out of its facility in 2006, transforming it from a shell building to
a state-of-the-art facility. The construction translated into more than $11
million in capital investments and hundreds of additional jobs for local
Delaware County contractors. All construction sub-contracts were awarded to
state and local businesses.
Sallie Mae originally anticipated filling up to 300 jobs in its first
year of operation and an additional 200 jobs in each of the next two years,
bringing the total at the facility to 700 by year end 2008. The company is
on track to meet that goal.
Sallie Mae Muncie supports the Muncie-Delaware County Economic
Development Alliance, Chamber of Commerce, and Motivate our Minds and holds
several blood drives and charitable events throughout the year. The company
partnered with Ball State University to launch a management training
program that provides an accelerated track to management positions.
Sallie Mae's Muncie facility focuses on student loan default prevention
and is part of Sallie Mae's Asset Performance Group. Sallie Mae employs
more than 3,000 individuals in Indiana.
SLM Corporation (NYSE: SLM), commonly known as Sallie Mae, is the
nation's leading provider of saving- and paying-for-college programs. The
company manages $160 billion in education loans and serves nearly 10
million student and parent customers. Through its Upromise affiliates, the
company also manages $19 billion in 529 college-savings plans, and 8
million members have joined Upromise to help save for college with rewards
on purchases at nearly 70,000 places. Sallie Mae and its subsidiaries offer
debt management services as well as business and technical products to a
range of business clients, including higher education institutions, student
loan guarantors and state and federal agencies. More information is
available at http://www.salliemae.com. SLM Corporation and its subsidiaries
are not sponsored by or agencies of the United States of America.
SOURCE Sallie Mae
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Related links:
http://www.salliemae.com/
Photo Notes:
NewsCom: http://www.newscom.com/cgi-bin/prnh/20030617/SLMLOGO-a
AP Archive: http://photoarchive.ap.org PRN Photo Desk
photodesk@prnewswire.com
http://www.prnewswire.com/comp/827187.html/
CONTACT:
Rick Castellano of Sallie Mae,
+1-703-984-5535, richard.castellano@salliemae.com
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