Indy Region Boasts Big 2015
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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowThe Indy Partnership says its nine-county region attracted nearly $1.5 billion in capital investment and 9,600 new job commitments in 2015. The regional economic development division of the Indy Chamber says a unified approach is paying off in sectors including life sciences, advanced manufacturing and technology.
The Indy Chamber, which merged with Develop Indy and the Indy Partnership a few years ago, leads regional business attraction efforts in the nine-county area. The chamber has also launched initiatives including Global Indy, which aims to grow the region’s international economy in partnership with the Global Cities Exchange.
In 2015, Indianapolis boasted economic development announcements from companies including Finish Line Inc., Appirio, Caito Foods Service Inc. and Milhaus, accounting for a total of more than 1,100 new jobs.
According to the chamber, other highlights included:
Boone County: Online pre-owned car retailer Vroom is investing more than $13 million in a fulfillment center expected to create 220 jobs.
Hamilton County: NextGear Capital, which provides inventory financing to auto dealers, is investing $50 million to expand its Carmel headquarters and add 200 jobs by 2018.
Hancock County: John Morrell Food Group is adding 260 jobs and investing $43.5 million to open a distribution center.
Hendricks County: Integrated Distribution Services is investing more than $2.7 million to grow its Plainfield operations and add more than 70 jobs.
Johnson County: Biotech company B2S Labs has moved to downtown Franklin, investing $2 million and adding 40 science, finance and business jobs.
Madison County: Auto parts maker NTN Driveshaft broke ground on a more than 400,000 square-foot plant in Anderson. It is scheduled to open in April 2017 and create more than 500 jobs.
Morgan County: TOA Industries Co. announced an expansion at its Mooresville facility, involving a $15.7 million investment and 40 new jobs.
Shelby County: Freudenberg is expanding its manufacturing facility. The company plans to hire 75 new employees as part of the $19 million project.