Launch Indy Seen as More Than Tech Win

Posted: Updated:
Indianapolis Mayor Joe Hogsett is in his first year in office. Indianapolis Mayor Joe Hogsett is in his first year in office.
INDIANAPOLIS -

While news of coworking space Launch Indy is being heralded as another sign of the Indiana tech sector's momentum, Indianapolis Mayor Joe Hogsett says he sees another important takeaway: regional cooperation. Launch Indy is the result of a move by Launch Fishers to expand outside of Hamilton County, by acquiring space in The Union 525, refurbished entrepreneurial space near Lucas Oil Stadium and the Eli Lilly and Co. campus. The deal hinged on cooperation between Hogsett and Fishers Mayor Scott Fadness. "The message I take from that is a level of regional cooperation that frankly we have not enjoyed before in the city of Indianapolis," said Hogsett, in an interview on this weekend's edition of Inside INdiana Business Television.

Hogsett says Launch Indy and projects, including redevelopment of the former GM Stamping Plant site, help address one of the region’s top priorities:  talent development.

Launch Fishers is the state’s first, and largest, coworking space. Led by founder and tech evangelist John Wechsler, it has grown from humble beginnings in the basement of a Fishers library, to more than 50,000 square feet and 600 members in a former Fishers call center. 

Wechsler has also been a key player in expanding the coworking model statewide. Launch Indy is the latest addition to a Launch Indiana network that now includes more than 40 locations.

Launch Indy's home, The Union 525, is located near Lucas Oil Stadium and Eli Lilly and Co. (NYSE: LLY) in downtown Indianapolis and includes "scale-up space" that has already attracted companies including Springbuk and SmartFile.

In November, Indy Chamber Vice President of Economic Development Ian Nicolini called The Union 525 "hugely important," saying it was not only important to the city's growing tech scene, but would drive traffic, help out retail and improve quality of life.

The Launch Fishers deal brings 10,000 square feet of coworking space and plans for a robust calendar of private events to The Union, which at one time was home to Harry Wood and Emmerich Manual high schools.

During an interview with Inside INdiana Business last week at Launch Fishers, Wechsler and Fishers Mayor Scott Fadness said the project is the result of continuing regional collaboration between Fishers and Indianapolis. Fadness says Launch Indy will create "a direct connection between our communities that will serve to streamline collaboration and foster innovation in central Indiana."

Hogsett believes it is already happening.

"I think all of my colleagues in the surrounding counties see a metropolitan Indianapolis as gaining jobs and no longer competing against one another, but collaborating for a better economy."

See the full interview with Mayor Hogsett on Inside INdiana Business Television:

  • Perspectives

    • What Drives Customer Loyalty?

      To drive customer loyalty, a company must first be able to identify its loyal customers. Seems pretty obvious, right? So what's the exact threshold that defines a loyal customer for your business? Recognizing a loyal customer means an opportunity to reward them and reinforce a virtuous cycle of delight and profitability. When companies miss the drivers of loyalty, they can alienate or even lose valuable customer relationships - and that can be an expensive oversight.

    More

Events



  • Most Popular Stories

    • Celadon Dropping Driving Academies

      A subsidiary of Indianapolis-based Celadon Group Inc. (NYSE: CGI) has announced plans to exit its three Celadon Driving Academy locations. Celadon Trucking says one of the company's third-party driving school partners will establish accredited driving schools at the current CDA locations.

    • Chamber Selects Goshen as Community of The Year

      The city of Goshen has been named the 2017 Indiana Chamber of Commerce Community of the Year. The Elkhart County city is being honored for what chamber President Kevin Brinegar calls a "tremendous" economic turnaround story. Goshen will be recognized November 7 during the Indiana Chamber's 28th Annual Awards Dinner at the Indiana Convention Center in Indianapolis. Brinegar adds...

    • IEDC Considers New Carlisle Site a Contender For Potential Toyota-Mazda Plant

      A spokeswoman for the Indiana Economic Development Corp. confirms the state sees a site in New Carlisle as a potential fit for a $1.6 billion project being floated by Toyota and Mazda. Abby Gras adds that at any given time, the IEDC is evaluating sites for some 80-90 projects in its pipeline. The automaking collaboration could bring an anticipated 4,000 jobs wherever it ends up being located. Gras says it is too early to speculate on which sites the state sees as top contenders.

    • Fail Fest to Kick Off in Indy

      Launch Fishers and Launch Indy will Thursday host Fail Fest, which is in its fourth year. The event, which celebrates the role of failure in innovation, will take place at Launch Indy, the new coworking space inside The Union 525 in downtown Indianapolis. 

    • Nearly 400 Counties, Cities, Towns Score Matching Road Funds

      Hundreds of Hoosier communities will share in $150 million from the state for local road work. The Next Level Roads: Community Crossings Initiative involves matching funding for nearly 400 city, county and town projects. Applications for the second-year program rose by nearly 50 percent. At least half the available funding had to go to communities with a population of 50,000 or fewer.