Indy will end year with positive economic growth

Indianapolis will end 2021 with positive economic growth following a disruption due to the COVID-19 pandemic.

Develop Indy reported preliminary business and retention results this week.   Vice President Portia Bailey-Bernard said as of Dec. 7 the city boasted 71 relocation and expansion projects, created 4,575 new jobs, and secured $572 million in capital investment.

“If anything, the last two years has shown us the resiliency within our business community to get things done and push through a really difficult and unprecedented time,” Bailey-Bernard said.
She said there are several projects currently in the pipeline for downtown.

“Elevator Hill, the former redevelopment of the Angie’s List Campus, that’s a $250 million investment that’s being made there,” Bailey-Bernard said. “Stutz building, that’s a $60 million redevelopment of the iconic Stutz building in our downtown.”

Develop Indy is the city’s economic development agency under the Indy Chamber.

Contact WFYI Morning Edition newscaster and reporter Taylor Bennett at tbennett@wfyi.org. Follow on Twitter: @TaylorB2213.