Building an Economy for Everyone

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Building an Economy for Everyone

In many ways, Indianapolis is on a roll:  Glassdoor.com just placed Indy #2 on its ‘Best Cities for Jobs 2017’ list, far ahead of Midwestern peers.  Unemployment has consistently trended below the U.S., and the latest regional GDP data shows Indy’s economy handily outpacing the metropolitan average.

 

A Tale of Two Cities

But there’s another side to Indy’s economy: The region boasts one of the nation’s fastest-growing tech sectors – but also one of its fastest-growing metro poverty rates since 2000.  Employment gains are strong, but earning power is weak compared to other metros.  As high-poverty neighborhoods grow across the city, too many residents are isolated from opportunities – by distance, as nearby employment shrinks, and also by education and experience, reliable transportation and other socioeconomic circumstances. 



Percent Of Jobs That Are Family Sustaining
Last updated 10/23/2019.
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Paying Dividends

These growing divisions demand action, and a new focus on “inclusive economic growth.”  Indianapolis can’t to squander our homegrown human capital when employers are anxiously seeking qualified workers and the urban core needs a broader base of productive taxpayers.

Investment, innovation, and employment are dominated by large urban areas…by expanding access to opportunity, Indy’s prospects for sustainable growth will improve accordingly.  Inclusive economic development will pay off in lower poverty, higher wages and earning power, and healthier neighborhoods.



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Average Wage Per Job
$52,661

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