Indianapolis, IN
Report: Indy tops Midwestern cities in three-year GDP growth – Inside INdiana Business
The Indianapolis metropolitan area surpassed its Midwestern peers in gross domestic product growth from 2019 to 2022, according to a report from a Washington, D.C.-based economist.
In a graphic posted on X, economist Joseph Politano showed Indianapolis outperforming peer cities including St. Louis and Cincinnati, as well as larger metropolitan areas like Minneapolis-St. Paul and Chicago. Using data from the U.S. Bureau of Economic Analysis, Politano found that the Indianapolis metro’s GDP grew by $12.1 billion, or 8.4%, during that period.
The calculation was made using chained 2017 dollars, a measure which calculates “as if everything is at 2017 prices” in order to adjust for inflation, Politano told IBJ.
The post garnered attention from local officials and celebrities, from Indianapolis Mayor Joe Hogsett to Indianapolis-based author John Green. By midday Thursday, it had been viewed by nearly 370,000 users.
Where other Midwestern metros had modest GDP increases, Indianapolis was an outlier.
“[Indianapolis] was like a bright spot in what is otherwise like a pretty gloomy recovery for the Midwest as a whole,” said Politano, who was a financial management analyst at the Bureau of Labor Statistics before starting his Apricitas Economics newsletter.
The GDP increase in Indianapolis was mostly stirred by white collar jobs, followed by construction. These industries have increased hiring over the past few years, Politano said, but both have slowed down.
The Indianapolis metropolitan area includes suburbs. But, Politano said the bulk of the area’s GDP growth came from its core, with roughly two-thirds from Marion County.
Local business leaders told IBJ the data is a credit to Indianapolis’ competitiveness among its peers.
Indy Chamber CEO Matt Mindrum said he was surprised by the magnitude of the metro’s growth, calling it a “tremendous validation of the work that’s been happening, and I think a tremendous indicator of what’s possible in the future.”
The growth wasn’t reliant on corporate giants such as pharmaceutical company Eli Lilly and Co., which Mindrum said was a credit to the breadth of local industries.
“It is pharmaceutical manufacturing, but it is more so professional services, finance, white collar jobs,” Mindrum said. “This is [spurred by] jobs, which I think is tremendous news, because if it’s jobs, it’s talent, and that is the kind of growth that’s going to be the most sustainable.”
The data also showed that Marion County was responsible for 25% of the state’s GDP growth, which Mindrum said is proof the state should “double-down” on the “economic driver,” or downtown Indianapolis. The economic enhancement district the state created for downtown Indianapolis is part of continuing that momentum, he said. The Indianapolis City-County Council approved the creation of the tax district last month.
It’s also proof to Mindrum that the metro’s fundamentals are solid.
“I don’t think we attracted that level of growth because Indianapolis across the country is perceived as the coolest and hippest place to be—I hope we’re going to get there over time—but I think this investment is business growth, this is talent growth.”
Gordon Hendry, managing director of real estate firm HRE, said the ranking “is really demonstrative of how Indianapolis is competing against our peer cities in the Midwest.” Outside of the Midwest, Seattle had a similar rate of GDP increase. Hendry said Indianapolis’ ability to compete with the base for tech giants including Amazon, Zillow and Microsoft shows Indy is excelling in the competitive landscape.
The graphic reflects “the Indianapolis story” of success despite the turbulence of the global pandemic, he added.
“We held our own, and rebounded strongly,” Hendry told IBJ.
Story Continues Below
INDIANAPOLIS — Indiana is under a heat advisory with temperatures in the 90s throughout the week.
Many cooling centers will open throughout the state for those that need to find relief from the heat. Hoosiers looking to find cooling centers in their area can contact Indiana 211. To learn more, call 211 or (866) 211-9966.
Avaliable cooling centers can also be found by clicking here.
Marion County
For those living in Indianapolis, Indy Parks has several cooling centers across the city.
Those Cooling Centers are:
- Broad Ripple Park Family Center
- Brookside Park Family Center
- Christian Park Family Center
- Frederick Douglass Park Family Center
- Garfield Park Burrello Family Center
- Krannert Park Family Center
- Grassy Creek Environmental Education Center
- Pride Park Family Center
- Rhodius Park Family Center
- Riverside Park Family Center
- Stanley Strader Park Family Center
- Washington Park Family Center
- Windsor Park Family Center
- Watkins Park Family Center
- Thatcher Park Family Center
For addresses and hours of operations of these cooling centers, click here.
Beech Grove will also have two cooling Centers for residents starting Monday, June 29. Those hours and locations are:
- Beech Grove Senior Center, 602 Main St
- 8 a.m. – 4 p.m., Monday through Friday
- Hornet Park Community Center, 5245 Hornet Ave
- 8 a.m. – 6 p.m., Monday through Friday
Other Central Indiana Cooling Centers
For addresses and hour of operations of cooling centers below, click here.
Marion
- St. Martin Community Center
- Grant County Family YMCA
- Grant County Rescue Mission
Kokomo
- The Kokomo Rescue Mission
- The Excel Center in Kokomo
Peru
- Community Resource Center
- Miami County Courthouse
- Miami County Health Department
- Miami County YMCA
- Peru City Hall
- Peru Public Library
- Peru Schools Administration Building
INDIANAPOLIS (WRTV) — The National Weather Service out of Indianapolis has issued a Heat Advisory for all of Central Indiana and a High Heat Warning for parts of northern Indiana. The Advisory and Warning will go into effect at 12 PM on Monday and will run through 8 PM Thursday.
WRTV
A Heat Advisory means that temperatures in the 90s with dew points in the 70s, will lead to Heat Index values reaching 106. Hot temperatures and high humidity may cause heat illnesses.
Stay cool:
Drink plenty of fluids, check up on relatives and neighbors, and stay in an air-conditioned room when possible. If outside for extended periods of time, make sure to take frequent breaks in the shade as much as you can.
TODAY
Patchy fog early gives way to a partly sunny, warmer, and much less active day. Highs reach the mid to upper 80s, with a light south breeze around 5 mph. After the unsettled Saturday, this looks like a far more usable day for outdoor plans, with most of central Indiana staying dry from start to finish.
TONIGHT
Mostly clear early, then becoming partly to mostly cloudy toward daybreak. Lows hold in the low 70s, with a light south southeast breeze around 5 mph. Humidity stays elevated overnight, but quiet weather continues and there are no meaningful travel concerns.
TOMORROW
Mostly sunny and hot with highs pushing into the low 90s. A south southwest breeze around 5 to 10 mph keeps the air moving, but the bigger story is the heat and humidity building in. Heat index values around or above 100 are possible during the afternoon, so outdoor plans will need extra water and more breaks.
TOMORROW NIGHT
Mostly clear and warm, with lows around the mid 70s and a light south southwest breeze. There will be very little cooling after sunset, and the muggy feel hangs on through the night. Dry weather remains in place.
TUESDAY
Sunny and even hotter, with highs in the low to mid 90s and a light southwest breeze around 5 mph. This is another day where heat becomes the main impact, and it will not take long to feel it during the afternoon. Outdoor work and summer activities will need to be paced carefully.
TUESDAY NIGHT
Clear and warm again, with lows in the mid 70s and a light southwest wind. The air remains sticky overnight, and there is still no meaningful rain signal for Indianapolis.
WEDNESDAY
Mostly sunny and hot, with highs in the low to mid 90s. Wind stays light, becoming south southwest around 5 mph in the afternoon. Heat remains the main concern, and another uncomfortable summer afternoon is expected across central Indiana.
7 DAY FORECAST
After Saturday’s leftover storm chances fade away, the pattern flips quickly toward heat and humidity. Sunday looks quieter and warmer, then Monday through at least Wednesday trend hot with highs in the 90s and heat index values over 100 possible at times. Rain chances stay very low through midweek, with the next better opportunity for showers and storms showing up later Thursday into Friday. Overall, the bigger concern after tonight becomes summer heat rather than repeated storm chances.
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