RISING TECH SCENE IN INDIANAPOLIS
Indianapolis has transformed into a regional tech powerhouse in the recent years. Tech employment has grown at an impressive 68% since 2006, led by 1,700% growth in Internet-based companies and 8,100 new jobs in custom programming and systems design (Forbes). Indianapolis offers a vibrant community that's affordable with entry-level tech salaries. The city stands out for two reasons: its low cost of living and the quality of its business leadership. Indy is fully committed to developing talent with supporting initiatives like the Global Cities Exchange and Plan 2020 (DataFox).
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Did You Know:
There are 56 tech companies located within a quarter mile radius of Monument Circle. |
By the Numbers:
3,400 New Tech Jobs in 2019 in Indiana $16B Impact of tech sector on Indiana economy 7.6% Projected Growth in emerging tech jobs by 2026 |
Indy Accolades:
#1 State for business in the Midwest #1 in the Midwest for entrepreneur friendliness #2 America's top states for business infrastructure |
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In May 2017, Salesforce established its regional headquarters in 247,000 square feet at the newly renamed Salesforce Tower (formerly Chase Tower). With this move, Salesforce announced it would increase its already 1,600-person Indianapolis workforce by an additional 800 employees, while also committing to train 500 apprentices in Indianapolis by 2020.
A new venture began by the former ExactTarget founders, a $2.5 billion company which was purchased by Salesforce in 2013. launched startup studio and venture fund High Alpha in 2015. They recently became an anchor tenant at the new mixed-use development Bottleworks and will continue to launch and support a number of startups, including: Sigstr, Lessonly, TinderBox and Visable. After initially raising $35 million in less than two years and then nearly $100 million in a follow-on fund, High Alpha has plans to create approximately ten companies over the next four years by investing in local cloud-based and software startups.
India-based Infosys opened its $8.7 million, 35,000 square foot Technology and Innovation Hub in One America Tower in March 2018, a stone's throw away from Salesforce Tower. In addition, Infosys announced in April 2018 that it has chosen the former Indianapolis International Airport terminal site to develop its $245 million, 786,000 square foot U.S. Education Center. Infosys plans to fill 3,000 high-paying positions by 2023.
In August 2017, it was announced that Viral Launch, a marketing tech firm that helps clients launch products and grow sales on Amazon.com, will be increasing it's Indianapolis-based workforce by 250 individuals by 2021.
Union 525 is a recently developed 122,000 square foot building in downtown Indianapolis, just east of Lucas Oil Stadium, that was created for tech companies by tech entrepreneurs. Offering 'flexible' leases for tech firms, Union 525 was fully leased less than six months after opening.
In August 2017, other former ExactTarget executives announced they will move Cheetah Digital into space at the Guaranty Building on Monument Circle. The enterprise cross-channel marketing software company plans on expanding their Indianapolis operations and will triple its employment with up to 100 high-wage jobs by 2021 (IEDC).
KAR Auction Services, Inc. recently announced their plans to invest $3.75 million in downtown Indianapolis to house the new, expanded U.S. headquarters and tech center of the company's TradeRev business unit. Executives say the new investment will create 200 additional, high-paying jobs by 2023.
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Indy is worth talking about......
"Our investment in Indiana is possible because of the positive business climate created by current and past leaders, access to amazing talent created by our leading universities, and a vibrant, innovative culture." Scott McCorkle, Salesforce Marketing Cloud CEO
"There's a lot of amazing technology talent coming out of the schools in the Midwest who don't necessarily want to go to the coasts. The environment to hire engineers is competitive, but we've been able to find some great talent to help us build some really, really great tech." Evan Burns, Odyssey CEO
"Companies and people are creating and innovating things here; we're not just producing somebody else's stuff. We're building, inventing and creating new technology, and you have to fuel that with people." J.J. Thompson, Rook Security CEO
"The City of Indianapolis is in no small measure dedicated to talent recruitment. Those of us in Indianapolis who know how wonderful this place is can attract and retain quality talent so that businesses will follow." Joe Hogsett, Indianapolis Mayor
"RYAN recently partnered with a large Department of Defense Systems Integrator who has a major customer in the downtown Indianapolis area. This work was recently awarded and is being performed in Indianapolis in support of their customer. The majority of RYAN employees are currently employed outside of Indianapolis and we are looking forward to expanding our footprint with large volume, long term employment opportunities in the local area." Keith Harding, Ryan Consulting President
"With the many top-notch colleges nearby and the recent successful IPOs and acquisitions within the city's tech sector, a strong technology talent pool has emerged in Indianapolis." Phil Harris, Geofeedia CEO
"There's a lot of amazing technology talent coming out of the schools in the Midwest who don't necessarily want to go to the coasts. The environment to hire engineers is competitive, but we've been able to find some great talent to help us build some really, really great tech." Evan Burns, Odyssey CEO
"Companies and people are creating and innovating things here; we're not just producing somebody else's stuff. We're building, inventing and creating new technology, and you have to fuel that with people." J.J. Thompson, Rook Security CEO
"The City of Indianapolis is in no small measure dedicated to talent recruitment. Those of us in Indianapolis who know how wonderful this place is can attract and retain quality talent so that businesses will follow." Joe Hogsett, Indianapolis Mayor
"RYAN recently partnered with a large Department of Defense Systems Integrator who has a major customer in the downtown Indianapolis area. This work was recently awarded and is being performed in Indianapolis in support of their customer. The majority of RYAN employees are currently employed outside of Indianapolis and we are looking forward to expanding our footprint with large volume, long term employment opportunities in the local area." Keith Harding, Ryan Consulting President
"With the many top-notch colleges nearby and the recent successful IPOs and acquisitions within the city's tech sector, a strong technology talent pool has emerged in Indianapolis." Phil Harris, Geofeedia CEO
