Headquartered in Indianapolis, Eli Lilly is the 10th largest pharmaceutical company in the world.
One of the key advantages of doing business in Indianapolis is access to an abundance of educated, highly skilled, and dedicated employees which has propelled Indianapolis area to a level of productivity that is higher than the national average.
Employment / Wages
Between 1996 and 2006, jobs increased by 13.5%, a rate that is only slightly below the nation’s average growth rate of 13.6% during that same period. Jobs averaged $43,601 when adjusted for cost of living, just above the national average of $42,535. Among the highest paying industries in the Indianapolis area were management of companies and enterprises, utilities, and manufacturing.
Source: STATS Indiana
Employment & Wages by Industry
| Total | 577,230 | 580,294 | 579,693 | 580,124 | 577,542 |
| Total Private | 505,371 | 508,755 | 508,480 | 506,881 | 501,575 |
| Agriculture, Forestry, Fishing and Hunting | 567 | 514 | 484 | 452 | 434 |
| Mining | 118 | 188 | 199 | 198 | 201 |
| Utilities | 1,826 | 1,792 | 1,741 | 1,756 | 1,768 |
| Construction | 29,972 | 29,633 | 30,842 | 31,043 | 28,833 |
| Manufacturing | 71,771 | 71,595 | 69,859 | 67,327 | 65,697 |
| Wholesale Trade | 29,673 | 29,543 | 28,724 | 28,730 | 28,300 |
| Retail Trade | 57,161 | 57,362 | 55,794 | 54,353 | 52,696 |
| Transportation & Warehousing | 31,080 | 32,794 | 33,666 | 33,575 | 33,354 |
| Information | 11,411 | 11,355 | 11,178 | 11,420 | 11,444 |
| Finance and Insurance | 30,898 | 30,284 | 30,268 | 28,800 | 28,502 |
| Real Estate and Rental and Leasing | 12,057 | 12,427 | 12,230 | 11,471 | 10,984 |
| Professional, Scientific, and Technical Services | 28,506 | 29,056 | 29,807 | 30,082 | 30,661 |
| Management of Companies and Enterprises | 7,402 | 7,484 | 7,474 | 7,854 | 7,810 |
| Admin. & Support & Waste Mgt. & Rem. Services | 49,153 | 48,842 | 48,592 | 49,623 | 46,636 |
| Educational Services | 6,460 | 6,739 | 7,256 | 7,782 | 8,364 |
| Health Care and Social Services | 65,421 | 65,907 | 65,704 | 68,029 | 71,678 |
| Arts, Entertainment, and Recreation | 8,787 | 8,594 | 8,447 | 8,162 | 8,329 |
| Accommodation and Food Services | 44,473 | 45,856 | 47,094 | 46,890 | 46,355 |
| Other Services(Except Public Administration) | 18,621 | 18,773 | 19,114 | 19,326 | 19,516 |
| Public Administration | 71,859 | 71,539 | 71,213 | 73,243 | 75,967 |
Source: Source: Bureau of Labor Statistics
Labor Force
The Indianapolis area has a resident workforce of more than 470,000 and draws even more from suburban counties, for a
total workforce of 700,000. 71% of employers rated the availability of professional workers as "good" or "excellent". And, available workers in the Indianapolis area have much greater experience in manufacturing, call centers, warehouse and distribution, and customer service than other metro areas with more than one million residents.
Workforce
- Resident Workforce: 470,000
- Commuting Workforce: 230,000
- Total Workforce: 700,000
Source: STATS Indiana
Unemployment
9.1% as of December 2009
Source: STATS Indiana
Labor Force Estimates
| Labor Force |
460,515 |
0.7% |
| Employed |
426,907 |
-4.5% |
| Unemployed |
33,608 |
66.7% |
| Rate |
7.3 |
67.1% |
Total Unemployment Rate
Source: Bureau of Labor Statistics
Annual Labor Force Statistics Monthly (Unemployment Rate)
Commuting Patterns
- Less than 15 minutes: 25.6%
- 15 - 29 minutes: 47.3%
- 30+ minutes: 27.1%
Source: US Bureau of the Census; STATS Indiana
Top five counties sending workers INTO county
Source: Indiana Stats
Major employers
Because of the many business advantages the city offers, Indianapolis is home to prominent businesses in a variety of market sectors.
- Life Sciences: Eli Lilly and Company, Roche Diagnostics Corporation, Covance Inc., Dow AgroSciences LLC
- Education: Indianapolis University-Purdue University at Indianapolis
- Healthcare: Clarian Health Partners (including Methodist Hospital, Indiana University Hospital and Riley Hospital for Children), Community Health Network (including Community Hospital North and the Indiana Heart Hospital), St. Vincent Hospital and Health Center, St. Francis Hospital and Health Center
- Transportation & Logistics: FedEx, United Parcel Service (UPS), Hewlett Packard
- Manufacturing: Rolls-Royce
- Insurance: WellPoint Inc., Conseco
- Communications: AT&T
- Motorsports: Indianapolis Motor Speedway, Impact Racing, Jack Elrod Company, Just Marketing International
- Banking: Bank America, Chase, Fifth Third Bank
Education
Indianapolis is home to six 4-year colleges and universities, as well as Ivy Tech, the largest community college in the state of Indiana. 62.6% of the population has received an associate’s degree or higher.
The city’s centers for higher education make Indianapolis a thriving center for life science and technology discovery, development, and commercialization, offering a network of resources that encourage entrepreneurship, build jobs, and help local businesses grow. In addition, the state of Indiana offers a wide variety of workforce development programs, incentives, and assistance for companies that invest and create jobs in Indiana.
Source: Applied Geographic Solutions
4-year Colleges and Universities in Indianapolis
- IUPUI
- Indiana Wesleyan University
- University of Indianapolis
- Butler University
- Marian College
- Martin University
Vocational/Technical Colleges
- Ivy Tech State College-Indianapolis
- Brown Mackie
- The Art Institute of Indianapolis
Higher Education Statistics
Education Attainment Age 25 and Older
Source: U.S. Census Bureau
Graduate Intent
Source: Indiana Department of Education