Indy Economic Development

Indianapolis continues to stand out as a place where opportunity meets affordability. Zillow’s 2026 ranking highlights the quality of life that makes Indy competitive for talent and businesses alike. 🚀

Looking for a place where your dollar actually gets you a home, not just a hope? Zillow just ranked Indianapolis the #1 buyer‑friendly housing market in America for 2026.

It’s another signal of what we’re building here: affordability, stability, and room to grow. If you’re looking for a place where opportunity and quality of life align, Indiana is ready to welcome you home.

See what Zillow had to say about Indy and read more: https://www.zillow.com/research/best-markets-home-buyers-2026-35971/

Exciting news for Indianapolis! Yesterday, Elanco officially opened its new global headquarters downtown. This milestone represents not only a major investment in our city, but a strong commitment to innovation and growth.

We are proud to see companies like Elanco choosing Indianapolis as their city to grow and thrive. Congratulations to the entire Elanco team on this achievement!

Congrats to Arrow McLaren on their $30 million investment in their new facility in Indy’s northwest side! In partnership with Indy Economic Development, this investment will enhance and modernize their team’s daily operations and bring their continued innovation and technology to motorsport. This cements Indy’s pole position as the premier destination for global motorsport investment!

Learn more about this milestone investment here:

Arrow McLaren IndyCar Team cements its roots in Indianapolis with new facility to open in January "I’m confident this space is one we’ll all be excited to call ours"

Sullivan Development is bringing more than $70 million in investment to create 270+ affordable apartments in Indianapolis. Most of the new homes will be along the 38th Street corridor south of the Indiana State Fairgrounds, turning vacant lots into places where families can thrive.

These projects not only bring new investment, but they also can lead to stronger neighborhoods, new workforce opportunities, and a more inclusive future for Indianapolis.

Congratulations to Eli Lilly and Company on completing its acquisition of Verve Therapeutics! This move strengthens Lilly’s growing portfolio in cardiometabolic disease and underscores Indianapolis’ continued leadership in advancing biotech innovation with global impact.

Verve’s pioneering work in gene editing—focused on creating one-time treatments for cardiovascular disease—aligns with Lilly’s bold mission to improve outcomes for people at high cardiovascular risk. https://www.prnewswire.com/news-releases/lilly-completes-acquisition-of-verve-therapeutics-to-advance-one-time-treatments-for-people-with-high-cardiovascular-risk-302513948.html

Lilly completes acquisition of Verve Therapeutics to advance one-time treatments for people with high cardiovascular risk /PRNewswire/ -- Eli Lilly and Company (NYSE: LLY) today announced the successful completion of its acquisition of Verve Therapeutics, Inc. (Nasdaq: VERV)....

RayzeBio just cut the ribbon on their new radiopharmaceutical facility in Park 100 — turning a former warehouse into a cutting-edge site developing treatments for people living with cancer. (Check out the incredible before and after pics!)

Radiopharmaceuticals are a growing industry here, and we’re proud to see companies like RayzeBio choosing Indianapolis.

Big news on Indy’s West Washington Street Corridor — Romet Limited, a Canadian company specializing in natural gas measurement and monitoring solutions, is opening its first U.S. facility right here in Indianapolis!

This is more than just a win for the corridor — it’s a clear example of foreign direct investment (FDI) helping drive local growth and job creation. As part of our expanded international engagement strategy, Indy Economic Development is working hard to connect Indianapolis with global companies that see the value of investing in our city.

We’re excited to welcome Romet to Indy and proud to help bring this global success story to our community.

Learn more: https://www.rometlimited.com/news/romet-announces-us-expansion-with-new-facility-in-indianapolis

Romet Announces US Expansion with New Facility in Indianapolis Romet announces expansion into United States with a new operations and production hub in Indianapolis, Indiana.

Today, Herff Jones announced an $8 million investment to expand their operations in Indianapolis, including building a new distribution facility, expanding their advanced printing technology, and upgrading their headquarters on the City’s west side.

Since 1920, Herff Jones has played a pivotal role in celebrating the academic accomplishments of the students of Indianapolis and across the country, and we are excited for their continued investment into our community. This expansion will bring 40 new, high-quality jobs to the citizens of Indianapolis.

We are looking forward to seeing how Herff Jones continues to inspire and celebrate students across the country!

Read the announcement here: https://www.wthr.com/article/money/business/herff-jones-investing-8-million-into-new-distribution-facility-printing-technology-upgrades-to-headquarters-indianapolis-indiana/531-44d01284-70fd-4e54-80c4-ede81b32f6ec

This week, a delegation from Indianapolis touched down in Le Mans, France to officially celebrate a new Sister City partnership between two global motorsports capitals.

We were honored to join fellow international delegations from:
🇵🇱 Przemyśl, Poland
🇬🇧 Bolton, England
🇪🇸 Tudela, Spain
🇩🇪 Paderborn, Germany

From the Indy 500 to the 24 Hours of Le Mans, we’re proud to link Indy’s legacy to the world stage—and look forward to what comes next.

Big news for Indy’s racing economy: Italy-based MTS Motorsport Technical School is planting roots in the Racing Capital of the World. This internationally renowned motorsports training program chose Indianapolis for its first U.S. location, reinforcing our city’s unique position at the intersection of speed, skill, and specialized talent.

We're proud to have played a small role in welcoming MTS to Indy. This investment not only strengthens our global motorsports connections but also creates pathways for technical education, industry innovation, and workforce development right here at home.

Welcome to Indy, MTS! You're in the right place.

Italy-based motorsports school sets up shop in Indianapolis - Inside INdiana Business Indianapolis is the first location for Motorsport Technical School US, which offers eight-week, hands-on courses for individuals interested in becoming racing mechanics and data engineers.

Major Investment News for !
Today, announced plans to invest up to $550 million in its Indianapolis operations—cementing our city’s role as a national hub for life sciences innovation.

The expansion will create hundreds of skilled local jobs, strengthen U.S. domestic manufacturing, and aupport millions living with diabetes through new continuous glucose monitoring technology.

Mayor Joe Hogsett and Indy Economic Development CEO Jim Schellinger joined Roche leaders to celebrate this milestone for our city and for American manufacturing.

With over 4,800 Roche employees already in Indy, today’s announcement deepens a decades-long commitment to growing talent, innovation, and impact right here on the northeast side.

More than just investment: this is about improving health outcomes and creating opportunity.

The Central Indiana Waste Diversion Project (CIWDP) Grants have been renewed for a second round. Central Indiana businesses can apply through Oct. 1 for up to $3.7 million in funding to implement projects that divert waste from final disposal in Central Indiana. 💰🗑️

will host a virtual information session TOMORROW to discuss this funding opportunity:
📅 Sept. 4
🕑 2 p.m. EDT
➡️ https://lnkd.in/g2kkbQJG

For more information, including eligibility requirements and project guidelines, or to apply, visit https://bit.ly/3L5WNfi 🔗