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Do not fill this in! ==Economy== {{Main|Economy of Indianapolis}} Indianapolis anchors the [[List of U.S. metropolitan areas by GDP|29th largest]] metropolitan economy in the U.S., with a [[gross domestic product]] of US$184.4 billion in 2022.<ref name="FRED"/> The city's major exports include [[pharmaceuticals]], motor vehicle parts, medical equipment and supplies, engine and power equipment, and aircraft products and parts.<ref name="Indy Chamber"/> According to the [[United States Bureau of Labor Statistics|U.S. Bureau of Labor Statistics]], the largest industries by employment in the [[Indianapolis metropolitan area]] are trade, transportation, and utilities; education and health services; professional and business services; government; leisure and hospitality; and manufacturing, respectively. The area's unemployment rate was 3.7% in February 2024.<ref name="industries"/> Three [[Fortune 500|''Fortune'' 500]] companies are based in the city: insurance company [[Elevance Health]];<ref>{{cite magazine |url=https://fortune.com/company/anthem/fortune500/ |title=Anthem |magazine=Fortune |access-date=February 13, 2022 |archive-date=March 23, 2019 |archive-url=https://web.archive.org/web/20190323220114/http://fortune.com/fortune500/anthem/ |url-status=dead }}</ref> pharmaceutical company [[Eli Lilly and Company|Eli Lilly]];<ref>{{cite magazine |url=https://fortune.com/company/eli-lilly/fortune500/ |title=Eli Lilly |magazine=Fortune |access-date=February 13, 2022}}</ref> and agrochemical company [[Corteva]].<ref name="Corteva">{{cite news |last=Russell |first=John |title=Corteva names Indianapolis its new global headquarters |url=https://www.ibj.com/articles/corteva-names-indy-its-new-global-headquarters |access-date=February 13, 2022 |newspaper=Indianapolis Business Journal |publisher=IBJ Media |date=February 8, 2022}}</ref><ref>{{cite magazine |url=https://fortune.com/company/corteva/fortune500/ |title=Corteva |magazine=Fortune |access-date=February 13, 2022}}</ref> Other notable companies based in the city include [[Allison Transmission]], [[Barnes & Thornburg]], [[Calumet Specialty Products Partners]], [[CountryMark]], [[Emmis Corporation]], [[Envigo]], [[Finish Line, Inc.|Finish Line]], [[Herff Jones]], [[Klipsch Audio Technologies]], [[Lids (store)|Lids]], [[OneAmerica Financial]], [[Republic Airways Holdings]], [[Simon Property Group]], and [[Steak 'n Shake]]. [[File:MD-10 taxi at KIND - panoramio.jpg|thumb|upright=1.1|[[FedEx Express]] cargo plane at [[Indianapolis International Airport]]]] Indianapolis's central location and extensive highway and rail infrastructure have positioned the city as an important logistics center. According to the Indy Chamber, the region was home to some 4,300 establishments employing nearly 110,000 in 2020.<ref>{{cite web |title=Logistics Indianapolis Region |url=https://3odfep1y2phvonddy2b6d18t-wpengine.netdna-ssl.com/wp-content/uploads/2021/06/Logistics_Print.pdf |date=2020 |publisher=Indy Chamber |access-date=September 19, 2021 |archive-date=September 20, 2021 |archive-url=https://web.archive.org/web/20210920212403/https://3odfep1y2phvonddy2b6d18t-wpengine.netdna-ssl.com/wp-content/uploads/2021/06/Logistics_Print.pdf |url-status=dead }}</ref> [[Amazon (company)|Amazon]] has a major presence in the Indianapolis metropolitan area, employing 9,000.<ref>{{cite news |last=Orr |first=Susan |title=Amazon's impact, influence grows in central Indiana |url=https://www.ibj.com/articles/64979-amazons-impact-influence-grows-in-central-indiana |date=August 10, 2017 |newspaper=Indianapolis Business Journal |publisher=IBJ Media |access-date=September 19, 2021}}</ref> [[FedEx]] employs 7,000<ref name="Logistics">{{cite news |title=Largest Logistics Providers |url=https://www.ibj.com/data?/d/16/largest-logistics-providers |date=January 14, 2021 |newspaper=Indianapolis Business Journal |publisher=IBJ Media |access-date=September 19, 2021}}</ref> workers across 35 facilities in the city, including [[FedEx Express]]'s National Hub, which employs 5,800 workers in sorting, distribution, and shipping at [[Indianapolis International Airport]].<ref>{{cite news |last=Shuey |first=Mickey |title=FedEx plans to move LA maintenance operations to Indianapolis |url=https://www.ibj.com/articles/fedex-plans-to-move-la-maintenance-operations-to-indianapolis |date=March 27, 2023 |newspaper=Indianapolis Business Journal |publisher=IBJ Media |access-date=April 8, 2023}}</ref> Other logistics companies in the region with large workforces include [[Ingram Micro]] and Venture Logistics.<ref name="Logistics"/> [[File:Eli Lilly Corporate Center, Indianapolis, Indiana, USA.jpg|thumb|left|upright=1.1|Indianapolis-based [[Eli Lilly and Company]] is the city's largest private employer.]] Indianapolis anchors one of the largest [[List of life sciences|life sciences]] clusters in the U.S., notably in the subsectors of drugs and pharmaceuticals and agricultural feedstock and chemicals.<ref name="BIO2020">{{cite web |title=The Bioscience Economy: Propelling Life-Saving Treatments, Supporting State & Local Communities |url=https://www.bio.org/sites/default/files/2020-06/BIO2020-report.pdf |date=2020 |publisher=TEConomy Partners, LLC and Biotechnology Innovation Organization |access-date=September 18, 2021}}</ref><ref>{{cite web |title=State Bioscience Jobs, Investments and Innovation |url=http://www.bio.org/sites/default/files/Battelle-BIO-2014-Industry.pdf |date=2014 |publisher=Battelle Memorial Institute and Biotechnology Innovation Organization |access-date=October 4, 2014}}</ref> Life sciences employ between 21,200 and 28,700<ref name="TEConomy BioCrossroads">{{cite web |title=Essential: The Impact of the Healthcare and Life Sciences Sector in Central Indiana |url=https://biocrossroads.com/wp-content/uploads/2021/08/TEConomy-BioCrossroads-Essential-fullreport-Final-August-2021.pdf |date=August 2021 |publisher=TEConomy Partners, LLC |access-date=September 18, 2021}}</ref> among nearly 350 companies located in the region.<ref>{{cite web |title=Life Sciences Indianapolis Region |url=https://3odfep1y2phvonddy2b6d18t-wpengine.netdna-ssl.com/wp-content/uploads/2021/06/LifeSciences_Print.pdf |date=2020 |publisher=Indy Chamber |access-date=September 18, 2021 |archive-date=September 19, 2021 |archive-url=https://web.archive.org/web/20210919010443/https://3odfep1y2phvonddy2b6d18t-wpengine.netdna-ssl.com/wp-content/uploads/2021/06/LifeSciences_Print.pdf |url-status=dead }}</ref> Pharmaceutical company [[Eli Lilly and Company|Eli Lilly]] is the city's largest private employer, with a workforce of 11,000 in research and development, manufacturing, and executive administration.<ref name="Manufacturers">{{cite web |title=Largest Manufacturers |url=https://www.ibj.com/data?/d/72/largest-manufacturers |date=August 5, 2021 |newspaper=Indianapolis Business Journal |publisher=IBJ Media |access-date=September 19, 2021}}</ref> Other major employers include [[Corteva]],<ref name="Corteva"/> [[Labcorp Drug Development]],<ref>{{cite news |author=<!--Staff writer(s)/no by-line.--> |title=Drug research firm Covance plans $17.5M expansion, 203 jobs |url=https://www.ibj.com/articles/73768-drug-research-firm-covance-plans-175m-expansion-203-jobs |date=May 14, 2019 |newspaper=Indianapolis Business Journal |publisher=IBJ Media |access-date=February 15, 2022}}</ref> and [[Roche]]'s North American headquarters.<ref>{{cite news |last=Russell |first=John |date=May 7, 2021 |title=In a lockdown, Roche pushes ahead with new, different diagnostic tests |url=https://www.ibj.com/articles/in-a-lockdown-roche-pushes-ahead-with-new-different-diagnostic-tests |access-date=September 18, 2021 |newspaper=Indianapolis Business Journal |publisher=IBJ Media |language=en-US}}</ref><ref>{{cite news |last=Rudavsky |first=Shari |date=May 7, 2021 |title=How COVID led to a business boom and big changes for Indianapolis-based Roche Diagnostics |url=https://www.indystar.com/story/news/health/2021/05/07/covid-19-indiana-roche-diagnositics-indianapolis/4874138001/ |access-date=September 18, 2021 |newspaper=The Indianapolis Star |publisher=Gannett Co. |language=en-US}}</ref><ref>{{cite web |url=http://indychamber.com/files/9114/3990/6287/2015_Largest_Logistics_Companies.pdf |title=Largest Life Science Companies |publisher=Indy Chamber |access-date=January 17, 2016 |url-status=dead |archive-url=https://web.archive.org/web/20150908150942/http://indychamber.com/files/9114/3990/6287/2015_Largest_Logistics_Companies.pdf |archive-date=September 8, 2015}}</ref> [[File:Indiana Convention Center at Capitol and Georgia.jpg|thumb|upright=1.1|[[Indiana Convention Center]] in 2020]] The city's [[hospitality industry]] has grown in importance in recent years due to an expanding convention business.<ref name="conventions">{{cite web |last=Schoettle |first=Anthony |title=Expand the Indiana Convention Center again? |url=http://www.ibj.com/articles/54963-expand-the-indiana-convention-center-again |date=September 25, 2015 |work=Indianapolis Business Journal |publisher=IBJ Media |access-date=June 30, 2016}}</ref><ref name="Zeigler">{{cite encyclopedia |title=Expositions and Conventions |encyclopedia=Digital Encyclopedia of Indianapolis |orig-date=1994 |year=2021 |last1=Zeigler |first1=Connie |last2=Blair |first2=Lyndsey |publisher=Indianapolis Public Library |url=https://indyencyclopedia.org/expositions-and-conventions/ |access-date=January 23, 2022}}</ref> According to the city's [[destination marketing organization]], Indianapolis receives 29.2 million visitors annually, generating US$5.6 billion, and supporting 82,900 jobs.<ref>{{cite encyclopedia |title=Visit Indy |encyclopedia=Digital Encyclopedia of Indianapolis |orig-date=1994 |year=2021 |last1=Markisohn |first1=Deborah |last2=Snyder |first2=Morgan |last3=Blair |first3=Lyndsey |publisher=Indianapolis Public Library |url=https://indyencyclopedia.org/visit-indy/ |access-date=January 23, 2022}}</ref> The city's major hospitality facilities are clustered in [[downtown Indianapolis]], including the [[Indiana Convention Center]], [[Lucas Oil Stadium]], and some 8,500 hotel rooms. Major annual conventions include [[FDIC International]], the [[National FFA Organization]] Convention, [[Gen Con]], and the [[Performance Racing Industry]] Trade Show.<ref>{{cite web |last=Lindquist |first=Dave |title=Rebounding visitor stats generate optimism in hospitality industry |url=https://www.ibj.com/articles/definitely-on-an-upswing |date=February 17, 2023 |work=Indianapolis Business Journal |publisher=IBJ Media |access-date=March 3, 2024}}</ref><ref>{{cite encyclopedia |title=Indiana Convention Center |encyclopedia=Digital Encyclopedia of Indianapolis |orig-date=1994 |year=2021 |last1=Markisohn |first1=Deborah |last2=Blair |first2=Lyndsey |publisher=Indianapolis Public Library |url=https://indyencyclopedia.org/indiana-convention-center/ |access-date=March 3, 2024}}</ref><ref name="Zeigler"/> Indianapolis ranks among the fastest high-tech job growth areas in the U.S.<ref>{{cite news |last=Council |first=Jared |title=Report: Indy ranks fifth in tech-job growth |url=https://www.ibj.com/articles/61140-report-indy-ranks-fifth-in-tech-job-growth |access-date=April 20, 2017 |newspaper=Indianapolis Business Journal |publisher=IBJ Media |date=November 4, 2016}}</ref><ref>{{cite news |last=Spivack |first=Miranda |title=How Indianapolis, Long Known as a Manufacturing Center, Is Luring Tech Talent |url=https://www.nytimes.com/2017/01/17/business/indianapolis-real-estate-tech.html?ref=business&_r=4 |access-date=April 20, 2017 |newspaper=The New York Times |date=January 17, 2017}}</ref> The metropolitan area is home to 28,500 information technology-related jobs at such companies as [[Angi]], [[Formstack]], [[Genesys (company)|Genesys]], [[Hubstaff]],<ref>{{cite news |last=Bahr |first=Sarah |title=Working From Home When Your Boss is Watching |url=https://www.indianapolismonthly.com/news-and-opinion/business/working-from-home-when-your-boss-is-watching |access-date=June 19, 2020 |magazine=Indianapolis Monthly |publisher=Emmis Communications |date=May 12, 2020}}</ref> [[Infosys]],<ref>{{cite press release |author=<!--Staff writer(s); no by-line.--> |title=Infosys Picks Indiana for new U.S. Education Center, an additional 1,000 New Jobs |url=https://www.indianapolisairport.com/about/media/media-releases/infosys-picks-indiana-for-new-u-s-education-center-an-additional-1-000-new-jobs |location=Indianapolis, Indiana |publisher=[[Indianapolis Airport Authority]] |date=April 26, 2018 |access-date=October 4, 2018 |archive-date=April 5, 2019 |archive-url=https://web.archive.org/web/20190405120128/https://www.indianapolisairport.com/about/media/media-releases/infosys-picks-indiana-for-new-u-s-education-center-an-additional-1-000-new-jobs |url-status=dead }}</ref> [[Ingram Micro]], and [[Salesforce Marketing Cloud]].<ref>{{cite web |url=http://www.indychamber.com/economic-development/digital-technology/ |title=Digital Technology |publisher=Indy Chamber |access-date=January 17, 2016 |url-status=dead |archive-url=https://web.archive.org/web/20150919010446/http://indychamber.com/economic-development/digital-technology/ |archive-date=September 19, 2015}}</ref><ref>{{cite web |url=http://www.indychamber.com/files/3214/0862/3818/2012_Largest_IT_Companies.pdf |title=Largest IT Companies |publisher=Indy Chamber |access-date=January 17, 2016 |url-status=dead |archive-url=https://web.archive.org/web/20150921161856/http://www.indychamber.com/files/3214/0862/3818/2012_Largest_IT_Companies.pdf |archive-date=September 21, 2015}}</ref> Salesforce has the largest workforce of local tech firms, employing about 2,100 in Indianapolis.<ref>{{cite news |last=Burris |first=Alexandria |title='9-to-5 workday is dead': Salesforce won't require majority of workers to return to office |url=https://www.indystar.com/story/money/2021/02/10/salesforce-indianapolis-remote-covid-workers-wont-return-office/6701985002/ |access-date=April 12, 2021 |newspaper=The Indianapolis Star |publisher=Gannett Co. |date=February 10, 2021}}</ref> ===Manufacturing=== Historically, manufacturing has been a critical component of Indianapolis's economy; however, [[deindustrialization]] since the mid-20th century has significantly impacted the city's workforce. Indianapolis is typically considered part of the [[Rust Belt]], a region of the [[Northeastern United States|Northeastern]] and [[Midwestern United States|Midwestern]] U.S. beleaguered by industrial and population decline.<ref>{{cite news |last=Groppe |first=Maureen |url=https://www.newspapers.com/image/126265149/?terms=%22rust%20belt%22%20%22indianapolis%22&match=1 |title=Indy Unbuckles the Rust Belt |newspaper=The Indianapolis Star |publisher=Gannett Co. |date=May 9, 2010 |access-date=September 19, 2021 |page=A1, A10 |url-access=subscription}}</ref> Between 1990 and 2012, approximately 26,900 manufacturing jobs were lost in the city as it continued diversification efforts and transitioned to a [[service economy]].<ref name="FastTrack">{{cite web |url=http://www.indy.gov/eGov/City/DMD/Planning/Documents/2014-IndyFastTrack.pdf |title=Indy FastTrack |date=2014 |access-date=March 30, 2016 |archive-url=https://web.archive.org/web/20160414034141/http://www.indy.gov/eGov/City/DMD/Planning/Documents/2014-IndyFastTrack.pdf |archive-date=April 14, 2016 |url-status=dead}}</ref> [[RCA]] and [[Western Electric]] formerly employed thousands at their Indianapolis manufacturing plants.<ref>{{cite news |last=Schouten |first=Cory |title=Former RCA industrial site to get $20M rehab |url=https://www.ibj.com/articles/13778-former-rca-industrial-site-to-get-20m-rehab |date=January 21, 2008 |newspaper=Indianapolis Business Journal |publisher=IBJ Media |access-date=January 23, 2022}}</ref><ref>{{cite encyclopedia |title=Western Electric |encyclopedia=Digital Encyclopedia of Indianapolis |orig-date=1994 |year=2021 |last1=Johnson Taggart |first1=Charles |last2=Van Allen |first2=Elizabeth |publisher=Indianapolis Public Library |url=https://indyencyclopedia.org/western-electric/ |access-date=January 23, 2022}}</ref> Once home to 60 automakers, Indianapolis rivaled [[Detroit]] as a center of [[automobile manufacturing]] and design in the early 20th century.<ref name="automaker">{{cite news |title=Retro Indy: City came close to being "Motor City" |url=http://www.indystar.com/story/news/history/retroindy/2013/10/24/motor-city/3180615/ |access-date=April 27, 2016 |newspaper=The Indianapolis Star |publisher=Gannett Co. |date=April 24, 2016}}</ref> Indianapolis was home to several [[luxury car]] companies, including [[Duesenberg]], [[Marmon Motor Car Company|Marmon]], and [[Stutz Motor Company]]; however, the automakers did not survive the [[Great Depression in the United States|Great Depression]] of the 1930s.<ref name="automobile industry">{{cite encyclopedia |title=Automobile Industry |encyclopedia=Digital Encyclopedia of Indianapolis |orig-date=1994 |year=2021 |last1=Furlong |first1=Patrick |last2=Van Allen |first2=Elizabeth |publisher=Indianapolis Public Library |url=https://indyencyclopedia.org/automobile-industry/ |access-date=January 23, 2022}}</ref> Detroit's [[Big Three (automobile manufacturers)|Big Three automakers]] maintained a presence in the city and continued to operate in various capacities until the 2000s: [[Ford Motor Company]] (1914β1942, 1956β2008),<ref>{{cite encyclopedia |title=Ford Motor Company |encyclopedia=Digital Encyclopedia of Indianapolis |orig-date=1994 |year=2021 |last1=Johnson Taggart |first1=Charles |last2=Van Allen |first2=Elizabeth |publisher=Indianapolis Public Library |url=https://indyencyclopedia.org/ford-motor-company/ |access-date=January 23, 2022}}</ref> [[Chrysler]] (1925β2005), and [[General Motors]] (1930β2011).<ref name="automobile industry"/> Indianapolis is home to [[Allison Transmission]]'s headquarters and manufacturing facilities, employing 2,500 in the design and production of automatic transmissions and hybrid propulsion systems.<ref name="Manufacturers"/> [[Rolls-Royce North America]] dates its local presence to the establishment of the [[Allison Engine Company]] in 1915. Its Indianapolis Operations Center has a workforce of 4,000 in aircraft engine development and manufacturing.<ref>{{cite news |last=Turner |first=Kris |title=Rolls-Royce celebrates 100 years in Indy |url=http://www.indystar.com/story/news/2015/10/07/rolls-royce-celebrates-100-years-indy/73527466/ |date=October 8, 2015 |newspaper=The Indianapolis Star |publisher=Gannett Co. |access-date=May 15, 2016}}</ref><ref name="Manufacturers"/> Other major manufacturing employers include [[Allegion]] and [[RTX Corporation]].<ref name="Manufacturers"/> In 2016, [[Carrier Corporation]] [[Carrier Air Conditioner move to Mexico|announced the closure]] of its Indianapolis plant, moving 1,400 manufacturing jobs to Mexico.<ref>{{cite news |last=Schwartz |first=Nelson |title=Carrier Workers See Costs, Not Benefits, of Global Trade |url=https://www.nytimes.com/2016/03/20/business/economy/carrier-workers-see-costs-not-benefits-of-global-trade.html |access-date=March 30, 2016 |newspaper=The New York Times |date=March 19, 2016}}</ref> Carrier later negotiated with the incoming Trump administration to save some jobs. The company's local workforce numbers 800 in gas furnace production.<ref>{{cite encyclopedia |title=Carrier Corporation |encyclopedia=Digital Encyclopedia of Indianapolis |orig-date=1994 |year=2021 |last=Jyoti |first=Verderame |publisher=Indianapolis Public Library |url=https://indyencyclopedia.org/carrier-corporation/ |access-date=January 23, 2022}}</ref> Summary: Please note that all contributions to Christianpedia may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here. You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see Christianpedia:Copyrights for details). Do not submit copyrighted work without permission! Cancel Editing help (opens in new window) Discuss this page