Central Indiana to Update Amazon Efforts

Posted: Updated:
Amazon has operations in Jeffersonville, Indianapolis, Plainfield and Whitestown. Amazon has operations in Jeffersonville, Indianapolis, Plainfield and Whitestown.

Indianapolis Mayor Joe Hogsett and Fishers Mayor Scott Fadness will this afternoon outline central Indiana efforts to land a second U.S. headquarters for Amazon.com Inc. (Nasdaq: AMZN). The online retail giant last week announced plans for the $5 billion investment, which would result in up to 50,000 new jobs with an average salary topping $100,000 per year. Hogsett and Fadness say they hope to build on Amazon's existing presence in Indiana, which includes 9,000 employees in five facilities.

In an interview with Inside INdiana Business, University of Indianapolis Associate Professor of Finance Matt Will says he believes the Indianapolis area "checks all the boxes" for Amazon.

Will says, while Indianapolis has not gotten much coverage as a possibility since Amazon made its announcement, "The reality is I guarantee you Amazon has us on the top of their list." He says Amazon knows the Indy area is the logistics center of the country, sitting within 1,000 miles of three-quarters of the United States and Canada. He also believes no one will compete with Indiana on government incentives, and says the state has a "rapid response team" in place to get a package to Amazon quickly.

Central Indiana's biggest hurdle, Will says, will be work force development. Part of that is because Indiana has such a low unemployment rate, currently sitting at 3.1 percent. He says, whereas the state's location is a major advantage logistically, it can also make it more difficult to attract people who want to live in the mountains or on the beach. However, Will says school such as the University of Notre Dame, Purdue University and Rose-Hulman Institute of Technology that can train top talent will be attractive to Amazon.

Amazon says it would like its second headquarters location to be a metropolitan area with more than one million people, a stable and business-friendly environment, have the potential to attract and retain strong technical talent and be a community that thinks "big and creatively when considering locations and real estate options." The company has fulfillment centers in Jeffersonville, Indianapolis, Plainfield and Whitestown

This afternoon's announcement with Hogsett, Fadness and central Indiana economic development leaders is set for 3:00. Inside INdiana Business will be at the event and will update this story.

  • Perspectives

    • Ball Cap, Bottle Cap... Market Cap?

      What size is your market cap? Prudent investors know that company size is an important factor when building a portfolio. Large established companies tend to be more stable and predictable, while small companies with unproven potential can be risky investments. Is your market cap a good fit for you? Confused about market cap? Here's what you need to know...



Company Name:
Confirm Email:
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections


  • Most Popular Stories

    • Millions Heading to Hoosier Airports For Improvements

      Nearly three dozen Indiana airports have received funding through a federal program. The grants from the Federal Aviation Administration's Airport Improvement Program can be used for work including taxiway and runway improvements, snow removal equipment and terminal building construction. The amount distributed nationwide in the most recent rounds of funding totals $541.5 million. The list of Hoosier facilities securing funding includes...

    • GE Wraps-up Fort Wayne Campus Sale

      The $5.5 million sale by General Electric of its former Fort Wayne campus is complete. The Journal Gazette reports RTM Ventures, the redevelopment group made up of partners from Baltimore, Indianapolis and Decatur, could begin remediation efforts by year's end. Plans for the more than 30-acre campus include some $300 million in development funded through public and private investment.

    • WATCH: 'Can Do' Attitude Fuels Jasper

      When asked what's behind more than $215 million in economic development projects, Mayor Terry Seitz didn't hesitate. "If you want something done, have someone from Jasper on your board or in your group, and it'll get done," said Seitz during an interview on Inside INdiana Business Television. Next month, ground will be broken for an 80-room Marriott Fairfield Inn & Suites Hotel, part of the $30 million River Centre mixed-use project along the Patoka River.

    • Colts Hire Campbell as VP of Communications

      The Indianapolis Colts have hired Steve Campbell as vice president of communications. He has more than 25 years of experience working at all levels of media, community programming and public service. Campbell currently is president of Campbell Strategies LLC, a local communications and strategy firm providing media counsel to business, nonprofit and public sector clients. He founded the firm in 2009.

    • Barnes & Thornburg Names Merkel COO

      Barnes & Thornburg LLP has named Steven Merkel chief operating officer. He is a retired U.S. Army colonel who joins the firm after serving as chief of operations for the United States Military Academy. Earlier operational roles held by Merkel include brigade commander at the U.S. Military Academy; chief of operations for a multinational security force in Kabul, Afghanistan and chief of operations for the U.S First Army.