In the second quarter of 2014, the Indianapolis region saw diverse growth across industry sectors. More than 2700 new jobs were committed to the region in Q2, bringing the region’s total committed jobs numbers for year-to-date 2014 to more than 5,400. Capital investment figures topped more than 350 million in the second quarter alone. A total of more than $500 million in capital investment has been committed this year.
The logistics and warehousing industry saw the most jobs committed to the region with 960 new jobs. The region’s information technology industry closely followed with more than 700 jobs committed in the second quarter. Notable second quarter wins:
The nation’s largest beauty retailer announced the company’s plans to locate a cosmetic fulfillment and distribution center in Greenwood. Up to 537 new jobs by 2018 and up to $51.6 million in capital investments were committed by the company.
The world’s largest retailer and one of the fastest growing online retailers announced plans to locate an e-commerce fulfillment center in Plainfield. The fulfillment center will create up to 303 new jobs by 2016.
The Indianapolis-based company and global provider of business communications software and services announced plans to expand its headquarters, creating up to 430 high-wage jobs by 2016. This growth is accompanied by the construction of a new 112,000 square-foot office building estimated at $28 million.
The metal stamping and automotive suspension parts manufacturer, headquarters in Japan with operations in Mooresville, announced plans to expand its operations and create up to 220 new jobs by 2015. The company also announced growth plans in 2013.
The nation’s largest family-owned seed company announced plans to expand its headquarters, production, research, and distribution operations, creating up to 100 new jobs by 2017. The company will invest $60 million to renovate and equip its current one million square-foot headquarter operation in Atlanta, Ind.
Outside of growing the region’s business and attracting new companies to the region, the Indy Chamber’s economic development team has been focused on strategic planning for the region. During the second quarter, the economic development team conducted surveys and in-person interviews with several regional exporters and non-exporters to develop the foundation work for a comprehensive export plan as part of the Global Cities Initiative, a joint project of The Brookings Institution and JPMorgan Chase. The final export plan will be released this fall.
For more information about the Indy Chamber’s economic development initiatives click here.