Indy Touts Job Growth in 2016

Posted: Updated:

The economic development division of the Indy Chamber is joining the city of Indianapolis in celebrating the creation and retention of jobs in 2016. The annual report from Develop Indy says 49 companies announced relocation or expansion projects in Indianapolis last year, leading to about 4,500 new jobs and keeping another 6,800 in the city. The efforts are expected to bring $600 million in new payroll and capital investment to the local economy.

Unemployment fell to 4 percent in Marion County in 2016. Develop Indy says investments from tech companies such as Salesforce, Knowledge Services, Octiv and Scale Computing led the way in terms of job creation last year.  

"As we look back on the list of companies that chose Indianapolis in 2016, we see a strong business climate and a surge in the technology sector," said Indianapolis Mayor Joe Hogsett. "Employers are taking notice of the momentum in our community and seeing an Indianapolis address as a competitive advantage for their business and employees."

The report says Indy's advanced manufacturing and life sciences sectors scored wins as well. Indy Chamber Chief Executive Officer Michael Huber says the Indiana Biosciences Research Institute is positioning the city for even more growth as a global health innovation leader.

Ian Nicolini, who was recently named vice president of economic development for Develop Indy, says the organization is looking to boost employment and investment throughout Marion County. "We’re working every day to attract new businesses, from across the country and around the world. But we’re also playing a stronger role in ‘homegrown’ opportunities – for every company we connected with outside Indy, we made four contacts with existing Indianapolis employers to understand their challenges and opportunities."

  • Perspectives

    • 5 Spring Cleaning Tips For Your Social Media

      We're finally there. Spring. And that I find... exciting! So, when thinking about spring, then spring cleaning, consider your social media clean up as well. When I read this week that an average brand has over 250 digital experiences now to manage online, if you have any type of digital footprint, you may not be far behind. Here are some tips to clean out and dust off that social media stuff.



  • Most Popular Stories

    • 16 Tech estimates the first phase of development will create more than 2,600 jobs over 10 years.

      16 Tech Takes Big Steps Forward

      Indianapolis' 60-acre innovation community has announced two major boosts. The 16 Tech Community Corp. has landed a $38 million grant from Lilly Endowment Inc. to fund its initial development phase.The organization has also announced its first development agreement. The deal calls for Indianapolis-based Browning to construct three new buildings and renovate a facility as part of a $120 million investment. 16 Tech Community Corp. says the three-year grant sets the stage for...

    • Holcomb Names Workforce Council Chair

      Governor Eric Holcomb has made some leadership changes within his administration. The governor has selected Danny Lopez, who currently serves as his deputy chief of staff, as chairman of the new Governor's Workforce Council.

    • IoT Lab Opens With Eyes on Future

      The founder of the Indiana IoT Lab says the innovation and collaboration space is focused on an industry that will "future-proof" Hoosier businesses. John Wechsler says companies that are dialing into the Internet of Things are playing in a sector that is forecast to grow to $2.2 trillion. The facility Wednesday night hosted more than 700 at a grand opening event. Wechsler said some of the state's trademark industries will be "radically affected" by...

    • (photo courtesy Tow Yard Brewing Co.)

      Tow Yard Brewing Looking For Buyer

      Tow Yard Brewing Co. in Indianapolis is looking for a new owner. The company, which filed for Chapter 11 bankruptcy protection in January, plans to auction off all of its equipment at a court-ordered auction next month, unless a buyer comes forward to acquire the brewery. 

    • Toyota Supplier Planning Growth in Princeton

      Princeton-based Vuteq USA Inc. has announced plans to build a new facility in Gibson County. The Gibson County Economic Development Corp. has confirmed to Inside INdiana Business the company, which makes components for Toyota vehicles, will invest $27 million to construct a new support center and plant, which would employ 400 people by 2022. Vuteq currently has a plant located just north of Toyota Motor Manufacturing Indiana in Princeton.