Indy Touts Job Growth in 2016

Posted: Updated:
INDIANAPOLIS -

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

    • Making Numbers Work Harder For You

      Sencha CEO Art Landro believes the world has created more data in the last two years than in the preceding 5,000, and that we'll probably create even more than that before this year ends. In every aspect of our lives, we're absolutely drowning in data.

    More

Events



  • Most Popular Stories

    • Indianapolis Among Amazon 'HQ2' Finalists

      Seattle-based Amazon.com Inc. (Nasdaq: AMZN) has named Indianapolis one of 20 finalists for the location of a second corporate headquarters. The company accepted bids late last year for what it expects to be a more than $5 billion investment that could bring up to 50,000 jobs with it. Chicago and Columbus, Ohio were the other two Midwest cities still in the running. Amazon says its "HQ2" will be "a full equal to our current campus in Seattle."

    • Anthem HQ Shifting to Different Downtown Location

      Indianapolis-based Anthem Inc. (NYSE: ANTM) says it is exiting from one of the city's most prominent office locations. Our partners at WIBC report the company is not renewing its lease at 120 Monument Circle, which has served as its primary corporate office since the early 1990s. The insurer's lease is set to run out at year's end and, without giving a timeline, a company spokesperson said...

    • Sony DADC to Lay Off Hundreds in Terre Haute

      Sony DADC has announced plans to lay off 375 workers at its Terre Haute facility. In a notice to the Indiana Department of Workforce Development, the company says the layoffs are due to its decision to outsource the music and video manufacturing operations at the facility. A spokeswoman for Sony DADC tells our partners at WTHI-TV the move will affect more than half the employees at the Vigo County location.

    • Hogsett: Amazon Announcement 'Speaks Volumes'

      Indianapolis Mayor Joe Hogsett says Seattle-based Amazon.com Inc. (Nasdaq: AMZN) choosing the city as one of 20 finalists for its second corporate headquarters shows Indy is "punching above our weight" as an attractive tech hub. He says Indianapolis is one of the least-populated metropolitan areas on the list. The project, announced late last year, is expected to bring a more than $5 billion investment and ultimately up to 50,000 jobs. In an interview with...

    • Committee Ices Carryout Cold Beer Bill

      The Senate Committee on Public Policy has voted down a bill that would've allowed carryout cold beer to be sold in additional locations like convenience stores, grocery stores and drug stores. The commission voted against Senate Bill 26 by a tally of 9-1 after three hours of testimony that mostly involved business owners and industry group representatives. Senator Tim Lanane () was the only yes vote, arguing for passage so the full Senate could make amendments.