A planned city, founded in 1821, Indianapolis now houses the 27th largest economy in the US. Primary sectors include finance, insurance, manufacturing, professional and business services, education, healthcare, government, and wholesale trade, with substantial niche markets in amateur sports and auto racing.
Due to deindustrialization, biotechnology, life sciences, and healthcare have become major economic sectors in Indianapolis’s economy today. Fortune 500 companies Eli Lilly and Anthem are headquartered in Indianapolis, as is Roche Diagnostics and Dow AgroSciences. As of a 2014 Battelle Memorial Institute and Biotechnology Industry report, the Greater Indianapolis metropolitan area, including Carmel and Anderson was noted as the only US metro area to contain specialized employment concentrations in all five bioscience sectors in the study.
With ties to transportation, its central location, and extensive highway and rail systems, the Crossroads of America is also positioned as a major logistics center, hosting 1,500 distribution companies and the second largest FedEx hub worldwide. A high sufficiency world city, Indy is home to three Fortune 1000 companies Calumet Specialty Products Partners, Allison Transmission, and Finishline. Other companies of note in Indianapolis include the global distribution headquarters of Cummins, Duke Realty, Emmis Communications, OneAmerica, Republic Airways Holding Co., and Celadon Group. Restaurant chains headquartered in Indianapolis include Noble Roman’s, Scotty’s Brewhouse, and Steak ‘n Shake. The hospitality industry accounts for a vital sector of Indianapolis’s economy as a sports tourism destination. Indianapolis famously hosts part of the triple crown of motorsports, annually, the Indianapolis 500 Mile Race.