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.