Tech Exec - Indy 'Dodged a Bullet' on HQ2

Posted: Updated:
FISHERS and INDIANAPOLIS -

While a big name in the state’s technology community is praising the bid effort, he says the Indianapolis region "dodged a bullet" by not landing an Amazon.com Inc. (NYSE: AMZN) headquarters. Fishers-based ClearObject Inc. Chief Executive Officer John McDonald says Amazon’s $5 billion plans, which call for 50,000 additional jobs over 20 years, would’ve compounded existing transportation, housing and workforce issues. Amazon announced Tuesday that New York City and northern Virginia beat out other top 20 cities like Indianapolis for the massive investment.

In an interview before Amazon made the news official, McDonald told Inside INdiana Business Reporter Mary-Rachel Redman he believes there are better options for growing Indiana’s tech ecosystem. "The truth is, we want to grow our tech economy, we don't want to have it taken over," he said. "I know that's a bit of a contrarian point of view, and I'm just as pleased and happy that we put a bid in and got this far up and I'm deeply grateful for all the people that put in all the time and energy to do that. But, I kind of think we dodged a bullet on this one and I think it's probably best for our tech economy that we keep building it right here at home in Indiana and start building companies that are home-grown here that are Amazon companies."

McDonald adds that the Indianapolis/Fishers pitch that landed the region in consideration as a finalist is a "real feather in our cap" and shows that the Indy tech scene is "a real thing." He adds "I want people to think a little bit about what would've happened if we would had gotten the nod on that. Our home prices would've gone through the roof. Our transportation issues would've become crushing. We already have 1,000 open software development jobs in the city, that would get a lot worse and then we'll be fighting Amazon for people to build our businesses."

During an interview following Tuesday's announcement, Indy Chamber Chief Economic Development Officer Maureen Krauss said the collaboration and assets developed through the bidding process will enhance dealings with business prospects.

  • Perspectives

    • Want to Build a Culture of Experimentation? Embrace Failure First

      Failure. It’s not something all business leaders are comfortable embracing, yet it’s integral to success. That’s because failure signals attempt - and without those undertakings, none of the world’s greatest inventions would have ever come to fruition. So when company leaders decide they want to cultivate a culture of experimentation within their company, it’s important they understand the value of embracing failure. It’s not only a great way to...

    More

Subscribe

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

Events



  • Most Popular Stories

    • Scotty's Brewhouse Files For Bankruptcy

      Indianapolis-based Scotty's Brewhouse has filed for Chapter 11 bankruptcy protection. The company says the decision was "driven largely by the challenges of some specific locations and was necessary because of the way the company was structured corporately." As a result of the deal, Scotty's will close four of its restaurants by the end of the year. In a news release provided to Inside INdiana Business...

    • Shelbyville to Debut Giant Sculpture

      Officials in Shelbyville will this evening unveil a new art installation in the city's downtown. The city says the four-story, $150,000 sculpture known as Blue River - Wind, Rain and Water anchors its ongoing commitment to public art.

    • Churubusco Company Acquired

      Cleveland-based Lincoln Electric Holdings Inc. (Nasdaq: LECO) has announced the acquisitions of two companies, one of which is located in Whitley County. Financial terms of the deal for Churubusco-based Pro Systems LLC and Coldwater Machine Company LLC in Ohio are not being disclosed.

    • Scotty's Brewhouse Founder Takes New Role

      Scott Wise will fill a familiar role in his new job, to open more Scotty's Brewhouse locations across the midwest. The Yorktown, Indiana native has joined Luke Family Brands as Vice President of restaurant operations.  Wise will now help to open a minimum of 10 Scotty's Brewhouses in college towns in major midwest cities. 

    • Work Begins on 16 Tech's First Building

      16 Tech developers have officially broken ground on the innovation district's first building, marking the beginning of an ambitious 10-year project. The $30 million Advanced Research and Innovation building is fully-leased and will anchor the 60-acre development. The facility, which will house the Indiana Biosciences Research Institute, Central Indiana Corporate Partnership and Indiana University School of Medicine researchers, is set to be complete in mid-2020.