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Economy: Indianapolis, Carmel, Zionsville and Westfield Indiana home buying, real estate listings, and homes for sale in Marion, Hamilton and Boone County, IN
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Find Out More About the Indianapolis, Carmel, Zionsville, Westfield, Fishers, Geist, Noblesville, Brownsburg and Avon Area Economy & Job Market 


Indianapolis’ economic incentives continue to draw big-name businesses, national headquarters and highly sought after employment opportunities to the ‘Circle City’ and its surrounding areas. 

Most people move to a city or town based on their career opportunities, and Indianapolis residents are no different. Indianapolis and its surrounding community’s manicured neighborhoods, excellent schools and other major metropolitan amenities have a significant pull; but, it is the ‘local economy’ that ultimately brings employees to the Circle City area and then encourages them to stay. 

With a population of more than 1.6 million, Indianapolis has an ample number of people to employ and area businesses are more than happy to accommodate them. Recently, the Circle City has fared better than other cities its size in retaining jobs, and it is reflected by: Indianapolis and its surrounding communities continues to expand, with more hotels and commercial office complexes being constructed each year. 

Plans for a new Indianapolis COLTS football stadium and larger convention center are in the works; both, proof that business-wise Indianapolis is on-par with much larger cities. Our new stadium, believe or not, will most likely host a future ‘Super Bowl’, coupled with additional NCAA ‘Final Four’ basketball tournaments. Indianapolis, which is already the motor sports capitol of the world, is quickly becoming the sports capitol of the United States! 

Just consider that one of our largest assets, the current Convention Center / RCA Dome: Visitors include – churchgoers, gamers, cheerleaders, dentists, and even Star War fans from all over the world – regularly filling our area five-star hotels. These conventioneers boost our local economy by contributing thousands of dollars into the city and its surrounding areas; but, they also see Indianapolis as a great place to put down roots. 

Many big-name companies concur; such as, pharmaceutical giant Eli Lilly and Company, which employs well over 14,000 at five Indiana facilities, including its’ corporate headquarters in downtown Indianapolis. Indianapolis is also home to numerous healthcare companies, including the Community Health Network, Clarian Health Partners and St. Vincent, Wishard and St. Francis hospitals and health services, all of which employ more than 28,000 professional people combined. Future doctors, nurses, and other medical technicians should take note of these great employment opportunities.  

Workers from these and other large employers; as well as, their families and clients – drive demand for the continued expansion which makes Indianapolis and its surrounding areas a most desirable place to live, work and play. 

The following detailed list highlights Indianapolis’ 25 largest institutions, ranked according to their number of employees within each organization. Major area employers include financial institutions, transportation and distribution businesses, manufacturers of pharmaceuticals and automotive and high-tech products; as well as, major retailers.
 

1) Local Government.
Local government’s 70,200 workers include educators at all Indianapolis Public Schools and the eight Marion County township school systems, plus employees of city and county government agencies.
2) State of Indiana.
State government employs 29,400 in Indianapolis.
3)Federal Government.
The Federal government employs 13,900 in the City of Indianapolis, including workers at the Defense Finance and Accounting Service and the United States Postal Service.
4) Eli Lilly and Company.
The pharmacological giant employs 14,089 at five Indiana – area facilities, including its corporate center south of downtown Indianapolis. Lilly maintains 14 administrative, research and manufacturing plants in the U.S., and dozens more in countries around the globe.
5) Wal-Mart.
Thanks to several expansive stores and distribution centers around the Greater Indianapolis area, the retail giant employs some 9,000 people.
6) The Community Health Network.
The Community Hospitals system began in 1956, when what is now Community Hospital East on Ritter Avenue. Today, Community’s four hospitals employ nearly 8,100 in the Indianapolis area.
7) Clarian Health Partners.
In 1997, Indiana University Hospital, Methodist Hospital and Riley Hospital for Children merged to create the metro area’s largest health-care organization, employing 7,500. The convenient People Mover monorail transportation system connects the organization’s three major hospitals.
8) Indiana University Purdue University Indianapolis.
Only a few short blocks from the heart of Indianapolis, the bustling campus of this joint university serves as a center for education; as well as, employment of some 7,000 people.
9) St. Vincent Hospitals and Health Services.
St. Vincent, a network of hospitals and specialized treatment centers around central Indiana, employs 6,000. Always growing, the health-care provider plans to open a new medical office during 2005.
10) Marsh Supermarkets / Village Pantry.
Employing 5,800 locally, Marsh will soon open its third lifestyle supermarket-featuring a variety of fresh-foods sections-in Traders Point Retail Center, in northwest Indianapolis. Marsh operates 38 stores around the Indianapolis area.
11) Rolls-Royce Allison.
Now separated from its classic car manufacturing origins, Rolls-Royce employs 4,400 people at its Indianapolis facilities. The company, which makes turbine engines for the aerospace, marine and industrial markets, was recently awarded with a U.S. Navy contract for engine maintenance on 165 jet aircraft.
12) Federal Express.
Indianapolis International Airport is home to this global overnight air carrier’s second largest U.S. sorting hub, employing 4,200.
13) Meijer, Inc.
Started in 1934 by Hendrik Meijer, a 50-year old barber, Meijer opened its first discount chain in Indiana in 1994. Today, the company employs 4,050 in the Indianapolis area.
14) Allison Transmission.
One of the nation’s leading manufacturers of automatic transmissions for trucks, buses, off-highway and military vehicles, Allison employs 4,000 people at its Indianapolis divisional headquarters.
15) SBC Indiana.
A full service communication company, SBC employs 3,850 in the Indianapolis area. SBC is acquiring competitor AT&T – a deal expected to close in 2006 – to build a company that will lead American communication.
16)Wellpoint, Inc.
In a well publicized 2004 arrangement, Anthem merged with Wellpoint Health Networks, Inc. to create Wellpoint, Inc. Now the largest healthcare insurer in the U.S., Wellpoint employs 3,600 in the Indianapolis area.
17) Wishard Health Services.
Wishard has seven community health centers located throughout the Indianapolis area, including Lockefield Village, a new 240-bed extended care facility. Wishard employs 3,500 people.
18)Kroger Co.
The Kroger Company is one of the nation’s leading retail food companies. Employment for their 29 stores located throughout Marion County totals 3,300.
19)Dow AgroSciences.
The global headquarters for this manufacturer of pest-management and agricultural-biotechnology products employ 3,200 at its location in northwest Indianapolis.
20) St. Francis Hospital and Health Centers.
Handling more than 20,000 inpatient admissions and 700,000 outpatients visits annually, St. Francis employs 3,000 at its hospitals and health centers in Indianapolis, Beech Grove on the east side and Mooresville on the south side of Indianapolis.
21)Roman Catholic Archdiocese of Indianapolis.
Central Indiana’s Roman Catholic Churches, schools, offices and agencies employ about 3,000 Circle City workers.
22) UPS.
UPS, the largest package carrier in the world, employs more than 2,700 people in and around the Greater Indianapolis area.
23) Visteon Corp., Indianapolis plant.
The Indianapolis plant of the automotive-components giant makes power-steering pumps, RV gears, rack-and-pinion gears and steering columns. They employ 2,520 people here.
24) Roche Diagnostics.
The North American headquarters for Roche Diagnostics on Indianapolis’ far-northeast side location employs 2,512 people. Its advanced research and production laboratories manufacture diagnostic medical devices and biochemical products. Roche will invest $135 million and create approximately 600 new jobs at its Indianapolis campus over the next ten years.
25) Bank One NA.
Bank One merged with JP Morgan Chase in 2004. In Indianapolis, 2,500 people work in the downtown Bank One building; as well as, in member banks around the city.
 

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Real Estate Tips
Buying Land and New Construction >Building With Help From Brokers

Did you know that, for no additional cost, you can be represented by a real estate broker in conjunction with purchasing a home from a builder? Homebuilders are accustomed to working with real estate brokers and often their commission is already covered in their marketing and promotion costs. A broker can provide objectivity and guidance in designing your home and help you select amenities that will lead to a more advantageous resale. He or she can help coordinate the sale of your present home and the closing of the new one. Many brokers offer guaranteed home sale programs so that when your new home is finished, the real estate company will buy your previous home at a pre-agreed price to prevent you from owning two homes at one time; and can usually arrange the occupancy agreeable to all parties. Take advantage of using your real estate broker in conjunction with building your new home at no additional cost.

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Real Estate Trivia
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What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?

A 
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million.
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Integrity, Commitment and Professionalism differentiate Christine Hendricks from other local Indianapolis, Indiana REALTORS®. Her clients are not only loyal to Christine, they are also loyal to the high standards she represents. Christine has been selling real estate full time for over 11 years and has closed in excess of 70 Million Dollars in Residential Sales. A graduate of Indiana University with over 17 years of marketing experience, Christine resides in Carmel, Indiana with her husband and marketing director, Greg.

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