Indianapolis is a major commercial, financial, and industrial center. It is also known as the “Railroad City.” The city has an active university district. Indy is home to several large companies and is an ideal place to raise a family. The city has an excellent public school system. There are many things to do in Indianapolis, whether it’s to visit the Indianapolis Zoo or shop at the Indiana State Museum.
Indy is a major commercial, financial, and industrial centre
Indianapolis is a large commercial, financial, and industrial center with an annual gross domestic product of $117 billion. Its economy includes a wide range of industries, including healthcare, education, manufacturing, and wholesale trade. In addition, three Fortune 500 companies have their headquarters here. The city’s local and state governments also contribute $10.2 billion annually to its GDP. Many new industries have also been established here, boosting the city’s economy. In addition, commercial real estate rates are relatively low.
Manufacturing was a major component of the city’s economy for decades, but deindustrialization has significantly impacted its workforce. Between 1990 and 2012, the city lost about 26,900 manufacturing jobs. It has since shifted its economy to a service-based economy. In the 1990s, the city was considered a Rust Belt city. In addition, the Carrier Corporation closed down a plant in Indianapolis, shifting 1,400 manufacturing jobs to Mexico.
