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Q: What drives Indianapolis's economy? ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: What drives Indianapolis's economy?
Category: Business and Money > Economics
Asked by: shikibobo-ga
List Price: $10.00
Posted: 08 May 2004 08:07 PDT
Expires: 07 Jun 2004 08:07 PDT
Question ID: 343180
What drives Indianapolis's economy? (Major industries, most important
business segments, huge employers, etc.)
Answer  
Subject: Re: What drives Indianapolis's economy?
Answered By: bobbie7-ga on 12 May 2004 20:27 PDT
Rated:5 out of 5 stars
 
Hello again Shikibobo,


Below you will find the results of my research regarding Indianapolis.


Business Climate

Indianapolis has a diverse business climate in the manufacturing,
distribution, retail and service sectors.

?Diversity and steady growth have long been the hallmarks of the
Indianapolis economy and have been the foundation of Indy's strong
performance during the last five years.?

?Economic diversity keeps Indy on a steady growth track, and away from
the boom and bust cycles experienced by many U.S. cities.?

"[Indianapolis is] the number one city in the central region for
entrepreneurial growth" Source: Entrepreneur Magazine

Indy.org 
http://www.indy.org/pages/Indianapolis%20Business%20Climate%20%5B413%5D.asp?sitesection=255


---------------------------------------------------------


High Tech 

?A Central Indiana group, known simply as The Technology Partnership,
has taken the lead in pushing for the growth of high tech development
in Central Indiana. The goal of The Technology Partnership is to turn
the greater Indianapolis area into the Midwest's premier high tech
center for research and development by 2005.?

Indiana Convention and Visitors Association
http://www.indy.org/pages/Indianapolis%20Business%20Climate%20%5B413%5D.asp?sitesection=255#highlights


---------------------------------------------------------

Indianapolis ? A Life Sciences Hub

"The City of Indianapolis has been working hard to create a positive
business climate that allows life sciences companies and others to
create new, high paying jobs," said Indianapolis Mayor Bart Peterson.
"The Roche expansion is another great success of the Central Indiana
Life Sciences Initiative, which boldly leverages our assets to become
a national life sciences hub."


Roche Diagnostics Corporation Announces Major Expansion Plans for
North American Headquarters Campus in Indianapolis

?Roche Diagnostics Corporation of Indianapolis, Ind., the leader in
diagnostics announced today that it will invest in excess of $135
million and create approximately 600 new jobs at its Indianapolis
campus on the northeast side of the city over the next 10 years.
During the next several years, the company expects growth and
expansion of its research & development, laboratory, manufacturing,
distribution, information technology and corporate headquarters
operations, in support of five diagnostics business areas: Diabetes
Care, Central Diagnostics, Applied Science, Molecular Diagnostics and
Point of Care.?

Roche Diagnostics, North America
http://us.diagnostics.roche.com/press_room/2003/041703.htm


---------------------------------------------------------


Pharmaceuticals


Eli Lilly and Co.

?Eli Lilly and Co. will hire more than 500 scientists to add to its
research and development work force of 5,700. Lilly expects to spend
$1 billion on capital projects and create about 7,500 new jobs in
Indianapolis in the next 10 years.?

Indiana Convention and Visitors Association
http://www.indy.org/pages/Indianapolis%20Business%20Climate%20%5B413%5D.asp?sitesection=255#highlights


---------------------------------------------------------


 ?Major manufacturing industries include fabricated metals, industry
machinery and equipment, printing and publishing, transportation
equipment, and chemical and allied products, including
pharmaceuticals.?

?Indianapolis' largest employers include Eli Lilly, Allison
Transmission, Allison Engine/Rolls Royce, Bank One, and Ameritech.?
http://www.susquehannaradio.com/stations/indianapolis.asp


---------------------------------------------------------

Indianapolis? Top 20 Non-Public Employers 2003

 Name        Number of Employees        Description

1. Marsh Supermarkets, Inc. - 16,000 - Grocery and retail 
2. Eli Lilly and Company - 12,949 - Pharmaceutical research,
development and manufacturing
3. Indiana University Purdue University Indianapolis - 9,769 -University 
4. Clarian Health - 9,163 - Hospitals and health care 
5. St. Vincent Hospital and Health Services - 9,000 - Hospitals and health care 
6. Federal Express - 7,000 - Express mail/parcel service 
7. Rolls-Royce - 4,855 - Motor vehicle supplies/new parts wholesaler 
8. SBC Indiana - 4,786 - Telecommunications 
9. St. Francis Hospitals & Health Centers - 4,200 - Hospitals and health care 
10. Allison Transmission/Div. of GMC - 4,000- Power transmission equipment 
11. Wishard Health Services - 3,742 - Hospitals and health care 
12. Delphi Energy & Chassis Systems - 3,555 - Electrical
equipment/component manufacturing
13. Bank One, Indianapolis N.A. - 3,400 - Banking and finance 
14. Anthem Blue Cross & Blue Shield - 3,358 - Insurance 
15. Pinkerton, Inc. - 3,000 - Security and patrol services 
16. Roman Catholic Archdiocese of Indianapolis - 3,000 - Religious 
17.  United Parcel Service - 2,865 - Parcel/courier service 
18. Visteon Corporation, Indianapolis Plant- 2,600 - Motor vehicle
parts manufacturing
19. ATA American Trans Air - 2,566 - Air transportation 
20. CVS Pharmacy - 2,500 - Pharmacy and drug stores 

Source: Indy Partnership, October 2003
http://www.indy.org/pages/Indianapolis%20Business%20Climate%20%5B413%5D.asp?sitesection=255#employers


---------------------------------------------------------


?Indianapolis is home to major employers in the health care,
pharmaceutical, insurance and transportation industries.?

See the Top 20 Non-Public Indianapolis Employers 2002 at the following link:
http://www.homerocket.com/artman/publish/printer_8.html


---------------------------------------------------------

Convention Center

According to Bob Bedell, President and CEO of the ICVA, ?Indianapolis
is a remarkable city with an ever-growing popularity as a convention
destination. (..) When we combine these conventions with business
booked by individual hotels, conference centers and attractions, along
with revenue generated from visitors experiencing the arts, attending
sporting events, shopping, dining, etc., the result is more than $2.3
billion in annual visitor spending.?
http://www.indy.org/pages/Indianapolis%20Convention%20%25AMP%25%20Visitors%20Association%20announces%20Top%2020%20Conventions%20and%20Special%20Events%20for%202004%20%5B3825%5D.asp?sitesection=614


---------------------------------------------------------


Indianapolis in the New Economy
By Rob Atkinson

2A keynote address and slide presentation on "Indianapolis in the New
Economy," delivered to the Central Indiana Corporate Partnership,
February 19, 2002, in Indianapolis, Indiana.

View or download the presentation in Powerpoint here: 
http://www.ndol.org/documents/New_Econ_Indy.ppt
 
---------------------------------------------------------


Indianapolis, IN 
Economy at a Glance
Bureau of Labor Statistics
http://www.bls.gov/eag/eag.in_indianapolis.htm


--------------------------------------------------------


Indianapolis - Focus Occupations and Career Clusters
(10 pages) 
Tables illustrating Employment in Major Industries
http://www.ladders4success.org/research/pathways/indus8.PDF


--------------------------------------------------------


Labor Force and Establishment Employment Summaries
http://www.indychamber.com/ProductsServices/Employment.pdf

--------------------------------------------------------




Search criteria:
Indianapolis ?major industries?
Indianapolis ?major employers?
Indianapolis ?business growth?
Indianapolis Chamber of Commerce
Economy +Indianapolis
Business in Indianapolis
Indianapolis "business growth OR sector OR climate?


I hope this response has provided you with the information you were seeking.

Best regards,
Bobbie7

Request for Answer Clarification by shikibobo-ga on 13 May 2004 07:10 PDT
I can't open the last 2 pdf's: "A file error has occurred." Can you
please post the relevant content?  Thank you.

Clarification of Answer by bobbie7-ga on 13 May 2004 07:48 PDT
Dear Shikibobo,


Here are alternative links for the 2 PDF's.


Indianapolis - Focus Occupations and Career Clusters
(10 pages) 
Tables illustrating Employment in Major Industries
http://www.ladders4success.org/research/pathways/indus8.PDF

You will be able to read this publication at the following link:

http://tinyurl.com/2fz55
--------------------------------------------------------


Labor Force and Establishment Employment Summaries
http://www.indychamber.com/ProductsServices/Employment.pdf

You will be able to read this publication at the following link:

http://tinyurl.com/2f33m

--------------------------------------------------------

Should you need further assistance please let me know.

Best wishes,
Bobbie7

Request for Answer Clarification by shikibobo-ga on 13 May 2004 08:33 PDT
Got the first tinyurl but the second one still wants to open a PDF.
That's OK, I don't think I need the info, but wanted to let you know
that did not work. I am not having a general problem opening PDFs. No
further action required on this. Thanks.

Clarification of Answer by bobbie7-ga on 13 May 2004 08:33 PDT
Here is some more revelant information:

Indianapolis, IN Metro Area IN Depth Profile


-------------------------------------------------------------
         Employment and Earnings by Industry in 2001
-------------------------------------------------------------	        
                 Pct Dist.
Industry       Employment        in Region      Earnings ($000)
-------------------------------------------------------------
Accomodation, 
Food Serv.       75,863              7.0%          $1,142,875

Arts, Ent., 
Recreation	 20,960                 1.9%           $649,537

Construction	 67,457                 6.2%          $2,986,433

Health Care, 
Social Serv.    100,114               9.3%           $3,737,953

Information      20,261	             1.9%             $978,259

Manufacturing   118,010               10.9%           $7,147,842

Professional,

Tech. Serv.      56,618                5.2%           $2,843,004

Retail Trade    127,057                11.8%          $2,770,552

Trans., Warehousing 52,427              4.9%           $1,809,409

Wholesale Trade     50,354              4.7%           $2,631,552

Other Private
(not above)       255,132               23.6%          $8,433,504

Government       120,562                11.2%          $5, 068,713
-------------------------------------------------------------

Source: US Bureau of Economic Analysis
http://stats.indiana.edu/profiles/prmsa3480.html
shikibobo-ga rated this answer:5 out of 5 stars

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