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Old 06-02-2015, 06:07 PM
 
3,008 posts, read 4,168,668 times
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Quote:
Originally Posted by jessemh431 View Post
The no in-state competition definitely means something here. If a company wishes to incorporate itself in Ohio, it could choose from either of the three Cs for a HQ. If, however, it decides to incorporate in Indiana, Indy is basically the only option. Moving a company around a state is easier than moving a company across state borders. Also, as the state's clear #1 city AND the state capitol, that adds to it. Sacramento is the state capital, but look at its competition: LA, SF, SJ, SD, etc. The only other city that has been discussed that is also a capital (that I can think of) is Columbus. But Columbus is not the largest city in the state with a hands down stronger and better economy than anywhere in the state. Tampa and Orlando are not capitals, and also have a city in the state that blows them both out of the water.
So....every company in the state of IN incorporate d in Indianapolis. Really.
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Old 06-02-2015, 09:54 PM
 
Location: Mishawaka, Indiana
6,218 posts, read 8,372,752 times
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Quote:
Originally Posted by NOLA101 View Post
Or it could mean neither. Tampa-St. Pete is a huge retirement community, and Indy isn't, so it's probably just that the cohort of working-age households in Indy is much higher.

It could also be that since Indy is in the middle of nowhere, and Tampa-St. Pete is adjacent to similarly large metros like Orlando, that some of the regional economic activity is being siphoned off, while in Indy it's all going directly to the metro area.

I still don't get the premise in this thread. No one has shown us anything to indicate that Indy is some major economic outperformer. It's pretty middle-of-the-pack in terms of wages, incomes and economic output.
Quote:
Originally Posted by ABQalex View Post
To get a true picture of the difference in GDP one has to go with the per capita figure. The following is a list showing how big Indianapolis' GMP would be if it was at its same population size (1,971,274) but with the per capita GDP of the other metro areas listed instead. This more clearly shows the difference in productivity and output of Indianapolis' metro economy versus the others and I'd say it is much higher than most and a good bit higher than the ones next closest to it (Cleveland and Columbus):

$126,472,000,000 - Indianapolis - $64,157

$116,609,000,000 - Cleveland - $59,154

$112,920,000,000 - Columbus - $57,283

$111,665,000,000 - Kansas City - $56,646

$110,208,000,000 - Cincinnati - $55,907

$$95,002,000,000 - Sacramento - $48,193

$$93,785,000,000 - Orlando - $47,576

$$82,835,000,000 - Tampa - $42,021


As you can see, Indianapolis' economy would be about ten billion dollars smaller if it had the same output as Cleveland, 13.5 billion dollars smaller with the output of Columbus and a whopping, almost 44 billion dollars smaller with Tampa's per capita output.

Read the above. ^

Indianapolis to Cincinnati is 113 miles
Indianapolis to Louisville is 114 miles
Indianapolis to Columbus is 175 miles
Indianapolis to Chicago is 182 miles
Indianapolis to St. Louis is 242 miles
Indianapolis to Cleveland is 317 miles

Looks like Indianapolis is pretty centrally located between a LOT of big players in the midwest, not exactly the middle of nowhere in my book. More so than Tampa, which you're trying to defend as a retirement city, even though its metro population has over 1 million more people. Orlando hosts 65 million visitors per year and is ranked as the number 1 destination city in the country for travelers, yet its GDP is still beat out by Indy. I'm sure $16 billion to you is a small and insignificant number, since that's what separates the two. I'm convinced there really is no reasoning with you.


Quote:
Originally Posted by jessemh431 View Post
The no in-state competition definitely means something here. If a company wishes to incorporate itself in Ohio, it could choose from either of the three Cs for a HQ. If, however, it decides to incorporate in Indiana, Indy is basically the only option. Moving a company around a state is easier than moving a company across state borders. Also, as the state's clear #1 city AND the state capitol, that adds to it. Sacramento is the state capital, but look at its competition: LA, SF, SJ, SD, etc. The only other city that has been discussed that is also a capital (that I can think of) is Columbus. But Columbus is not the largest city in the state with a hands down stronger and better economy than anywhere in the state. Tampa and Orlando are not capitals, and also have a city in the state that blows them both out of the water.
Interesting that Tire Rack decided to relocate in South Bend Indiana, that's where their headquarters is. First Source Bank is also headquartered out of South Bend, not Indianapolis. I guess even smaller cities compete, this should really take a chunk out of Indy's GDP.

Point in case, Indianapolis has a higher GDP than 8 cities that are ALSO larger than it. No city has a higher GDP than Indianapolis with a lower population, or even a population that's reasonably close to it. Indy metro GMP is over $62,000. Noticeably higher than its competition.
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Old 06-03-2015, 03:23 AM
 
3,008 posts, read 4,168,668 times
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Quote:
Originally Posted by ColdAilment View Post
Read the above. ^

Indianapolis to Cincinnati is 113 miles
Indianapolis to Louisville is 114 miles
Indianapolis to Columbus is 175 miles
Indianapolis to Chicago is 182 miles
Indianapolis to St. Louis is 242 miles
Indianapolis to Cleveland is 317 miles

Looks like Indianapolis is pretty centrally located between a LOT of big players in the midwest, not exactly the middle of nowhere in my book. More so than Tampa, which you're trying to defend as a retirement city, even though its metro population has over 1 million more people. Orlando hosts 65 million visitors per year and is ranked as the number 1 destination city in the country for travelers, yet its GDP is still beat out by Indy. I'm sure $16 billion to you is a small and insignificant number, since that's what separates the two. I'm convinced there really is no reasoning with you.




Interesting that Tire Rack decided to relocate in South Bend Indiana, that's where their headquarters is. First Source Bank is also headquartered out of South Bend, not Indianapolis. I guess even smaller cities compete, this should really take a chunk out of Indy's GDP.

Point in case, Indianapolis has a higher GDP than 8 cities that are ALSO larger than it. No city has a higher GDP than Indianapolis with a lower population, or even a population that's reasonably close to it. Indy metro GMP is over $62,000. Noticeably higher than its competition.
Charlotte and San Jose have larger gdp's than Indy and in the same population bracket.
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Old 06-03-2015, 06:36 AM
 
Location: Nashville, TN
4,283 posts, read 3,347,532 times
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Quote:
Originally Posted by msamhunter View Post
Charlotte and San Jose have larger gdp's than Indy and in the same population bracket.
The difference is that Charlotte's economy is heavily based on banking then energy, just as San Jose's is based on computer science/technology. Those industries are very high paying. Indianapolis has no such dominant industry and still manages to produce a high gdp. Indianapolis's economy is more diverse than either.
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Old 06-03-2015, 08:34 AM
 
Location: Mishawaka, Indiana
6,218 posts, read 8,372,752 times
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Quote:
Originally Posted by msamhunter View Post
Charlotte and San Jose have larger gdp's than Indy and in the same population bracket.
I guess I should have left it at smaller or the same size as Indy.

Charlotte = 2.35 million metro
San Jose = 2.7 million metro
Indianapolis = 1.97 million

I wouldn't call San Jose as the same bracket. That's like comparing New Orleans or Memphis to Indianapolis.
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Old 06-03-2015, 09:40 AM
 
Location: Mexico City, formerly Columbus, Ohio
12,785 posts, read 12,761,529 times
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If we're really being honest about Indy's peer group, here they are (metros of 1.5-2.5 million).

Total GDP 2013, in Millions
San Jose: 196,829
Portland: 163,692
Charlotte: 139,022
Pittsburgh: 131,265
Indianapolis: 126,472
Cleveland: 122,878
Cincinnati: 119,090
Kansas City: 117,321
Columbus: 114,253
Orlando: 110,443
Sacramento: 108,165
Austin: 103,892
Nashville: 100,841
San Antonio: 96,030
Milwaukee: 94,374
Las Vegas: 92,991
Virginia Beach: 88,572
Providence: 73,334

So first, Indy is not #1 in its population bracket. It's 5th. Still a good position, obviously, but farther from the top than the bottom in total.

In terms of total growth 2001-2013, it ranks 5th.

Portland: +82,520
San Jose: +70,126
Charlotte: +60,754
Austin: +49,993
Indy: +47,866
Orlando: +43,465
San Antonio: +43,144
Nashville: +42,614
Pittsburgh: +42,515
Sacramento: +41,314
Columbus: +39,801
Cincinnati: +39,117
Kansas City: +37,724
Las Vegas: +36,218
Virginia Beach: +35,218
Cleveland: +34,810
Milwaukee: +28,760
Providence: +23,414

However, the picture changes a bit in more recent years, perhaps as the recession shook things up some, where it now ranks 7th.

2010-2013 Total Change

San Jose: +31,628
Charlotte: +22,954
Portland: +22,905
Columbus: +17,398
Austin: +16,243
Nashville: +15,640
Indy: +14,931
Pittsburgh: +14,700
Cincinnati: +14,552
San Antonio: +14,501
Cleveland: +13,224
Sacramento: +12,349
Kansas City: +9,904
Orlando: +9,247
Las Vegas: +7,755
Milwaukee: +7,123
Virginia Beach: +6,329
Providence: +5,826

So again, it's doing better than a lot, but still not the #1 with the selective list from before. If we looked at %, it would be a similar story.

Someone brought up per-capita GDP, so let's take a look at that as well.

Per-Capita GDP 2013, in Dollars

San Jose: 100,115
Portland: 68,810
Indy: 60,038
Milwaukee: 56,734
Charlotte: 55,802
Cleveland: 55,430
Columbus: 54,493
Nashville: 54,112
Kansas City: 53,677
Austin: 52,110
Cincinnati: 52,063
Pittsburgh: 52,053
Virginia Beach: 48,708
Orlando: 45,855
Sacramento: 45,764
Las Vegas: 43,079
Providence: 42,994
San Antonio: 39,280

Again, near the top, but still far from #1.

Total Change 2001-2013

San Jose: +26,997
Portland: +24,487
Virginia Beach: +6,794
Austin: +6,753
Pittsburgh: +6,700
Cleveland: +5,900
Nashville: +5,273
Providence: +4,830
Milwaukee: +4,720
Cincinnati: +3,525
Charlotte: +3,281
Indy: +3,000
Columbus: +2,326
Sacramento: +2,122
Kansas City: +2,059
San Antonio: +2,009
Orlando: -1,861
Las Vegas: -5,213

And 2010-2013

San Jose: +10,309
Portland: +5,785
Columbus: +4,123
Charlotte: +3,983
Nashville: +3,648
Pittsburgh: +3,343
Cleveland: +3,261
Cincinnati: +3,222
San Antonio: +2,078
Austin: +2,016
Sacramento: +1,859
Indianapolis: +1,448
Providence: +1,296
Milwaukee: +967
Kansas City: +761
Virginia Beach: +313
Las Vegas: -272
Orlando: -1,168

Again, Indy is nowhere near the top for either period.

So to me, the conclusion is that Indy is doing better than many of its peers economically, but it's still within the range of performance and not exceptionally different... not like say, San Jose or Portland.

These numbers are directly from the BLS site.
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Old 06-03-2015, 09:41 AM
 
Location: Mexico City, formerly Columbus, Ohio
12,785 posts, read 12,761,529 times
Reputation: 5448
Quote:
Originally Posted by ColdAilment View Post
I guess I should have left it at smaller or the same size as Indy.

Charlotte = 2.35 million metro
San Jose = 2.7 million metro
Indianapolis = 1.97 million

I wouldn't call San Jose as the same bracket. That's like comparing New Orleans or Memphis to Indianapolis.
San Jose has 1.952 million in its metro, smaller than Indy.
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Old 06-03-2015, 01:05 PM
 
3,008 posts, read 4,168,668 times
Reputation: 1524
Quote:
Originally Posted by jbcmh81 View Post
If we're really being honest about Indy's peer group, here they are (metros of 1.5-2.5 million).

Total GDP 2013, in Millions
San Jose: 196,829
Portland: 163,692
Charlotte: 139,022
Pittsburgh: 131,265
Indianapolis: 126,472
Cleveland: 122,878
Cincinnati: 119,090
Kansas City: 117,321
Columbus: 114,253
Orlando: 110,443
Sacramento: 108,165
Austin: 103,892
Nashville: 100,841
San Antonio: 96,030
Milwaukee: 94,374
Las Vegas: 92,991
Virginia Beach: 88,572
Providence: 73,334

So first, Indy is not #1 in its population bracket. It's 5th. Still a good position, obviously, but farther from the top than the bottom in total.

In terms of total growth 2001-2013, it ranks 5th.

Portland: +82,520
San Jose: +70,126
Charlotte: +60,754
Austin: +49,993
Indy: +47,866
Orlando: +43,465
San Antonio: +43,144
Nashville: +42,614
Pittsburgh: +42,515
Sacramento: +41,314
Columbus: +39,801
Cincinnati: +39,117
Kansas City: +37,724
Las Vegas: +36,218
Virginia Beach: +35,218
Cleveland: +34,810
Milwaukee: +28,760
Providence: +23,414

However, the picture changes a bit in more recent years, perhaps as the recession shook things up some, where it now ranks 7th.

2010-2013 Total Change

San Jose: +31,628
Charlotte: +22,954
Portland: +22,905
Columbus: +17,398
Austin: +16,243
Nashville: +15,640
Indy: +14,931
Pittsburgh: +14,700
Cincinnati: +14,552
San Antonio: +14,501
Cleveland: +13,224
Sacramento: +12,349
Kansas City: +9,904
Orlando: +9,247
Las Vegas: +7,755
Milwaukee: +7,123
Virginia Beach: +6,329
Providence: +5,826

So again, it's doing better than a lot, but still not the #1 with the selective list from before. If we looked at %, it would be a similar story.

Someone brought up per-capita GDP, so let's take a look at that as well.

Per-Capita GDP 2013, in Dollars

San Jose: 100,115
Portland: 68,810
Indy: 60,038
Milwaukee: 56,734
Charlotte: 55,802
Cleveland: 55,430
Columbus: 54,493
Nashville: 54,112
Kansas City: 53,677
Austin: 52,110
Cincinnati: 52,063
Pittsburgh: 52,053
Virginia Beach: 48,708
Orlando: 45,855
Sacramento: 45,764
Las Vegas: 43,079
Providence: 42,994
San Antonio: 39,280

Again, near the top, but still far from #1.

Total Change 2001-2013

San Jose: +26,997
Portland: +24,487
Virginia Beach: +6,794
Austin: +6,753
Pittsburgh: +6,700
Cleveland: +5,900
Nashville: +5,273
Providence: +4,830
Milwaukee: +4,720
Cincinnati: +3,525
Charlotte: +3,281
Indy: +3,000
Columbus: +2,326
Sacramento: +2,122
Kansas City: +2,059
San Antonio: +2,009
Orlando: -1,861
Las Vegas: -5,213

And 2010-2013

San Jose: +10,309
Portland: +5,785
Columbus: +4,123
Charlotte: +3,983
Nashville: +3,648
Pittsburgh: +3,343
Cleveland: +3,261
Cincinnati: +3,222
San Antonio: +2,078
Austin: +2,016
Sacramento: +1,859
Indianapolis: +1,448
Providence: +1,296
Milwaukee: +967
Kansas City: +761
Virginia Beach: +313
Las Vegas: -272
Orlando: -1,168

Again, Indy is nowhere near the top for either period.

So to me, the conclusion is that Indy is doing better than many of its peers economically, but it's still within the range of performance and not exceptionally different... not like say, San Jose or Portland.

These numbers are directly from the BLS site.
Dont think anyone expects Indy to be #1 in too many things, let alone everything but it does tend to punch above its weight class while c-ders tend to just think Indy is at the bottom of everything. In regards to the MW, Indy usually towards the top. Let's face MW just not seen like its WC,ec and southern friends even though its a great area to live.

I liken it to living down in the suncoast. Things people hype here in Tampa esp downtown your like this is it compared to a similar event/function in downtown Indy. A completely different vibe. Now st Pete is better than tampa IMO but hey.
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Old 06-04-2015, 02:10 AM
 
1,480 posts, read 1,289,981 times
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Quote:
Originally Posted by jbcmh81 View Post
If we're really being honest about Indy's peer group, here they are (metros of 1.5-2.5 million).

Total GDP 2013, in Millions
San Jose: 196,829
Portland: 163,692
Charlotte: 139,022
Pittsburgh: 131,265
Indianapolis: 126,472
Cleveland: 122,878
Cincinnati: 119,090
Kansas City: 117,321
Columbus: 114,253
Orlando: 110,443
Sacramento: 108,165
Austin: 103,892
Nashville: 100,841
San Antonio: 96,030
Milwaukee: 94,374
Las Vegas: 92,991
Virginia Beach: 88,572
Providence: 73,334

So first, Indy is not #1 in its population bracket. It's 5th. Still a good position, obviously, but farther from the top than the bottom in total.

In terms of total growth 2001-2013, it ranks 5th.

Portland: +82,520
San Jose: +70,126
Charlotte: +60,754
Austin: +49,993
Indy: +47,866
Orlando: +43,465
San Antonio: +43,144
Nashville: +42,614
Pittsburgh: +42,515
Sacramento: +41,314
Columbus: +39,801
Cincinnati: +39,117
Kansas City: +37,724
Las Vegas: +36,218
Virginia Beach: +35,218
Cleveland: +34,810
Milwaukee: +28,760
Providence: +23,414

However, the picture changes a bit in more recent years, perhaps as the recession shook things up some, where it now ranks 7th.

2010-2013 Total Change

San Jose: +31,628
Charlotte: +22,954
Portland: +22,905
Columbus: +17,398
Austin: +16,243
Nashville: +15,640
Indy: +14,931
Pittsburgh: +14,700
Cincinnati: +14,552
San Antonio: +14,501
Cleveland: +13,224
Sacramento: +12,349
Kansas City: +9,904
Orlando: +9,247
Las Vegas: +7,755
Milwaukee: +7,123
Virginia Beach: +6,329
Providence: +5,826

So again, it's doing better than a lot, but still not the #1 with the selective list from before. If we looked at %, it would be a similar story.

Someone brought up per-capita GDP, so let's take a look at that as well.

Per-Capita GDP 2013, in Dollars

San Jose: 100,115
Portland: 68,810
Indy: 60,038
Milwaukee: 56,734
Charlotte: 55,802
Cleveland: 55,430
Columbus: 54,493
Nashville: 54,112
Kansas City: 53,677
Austin: 52,110
Cincinnati: 52,063
Pittsburgh: 52,053
Virginia Beach: 48,708
Orlando: 45,855
Sacramento: 45,764
Las Vegas: 43,079
Providence: 42,994
San Antonio: 39,280

Again, near the top, but still far from #1.

Total Change 2001-2013

San Jose: +26,997
Portland: +24,487
Virginia Beach: +6,794
Austin: +6,753
Pittsburgh: +6,700
Cleveland: +5,900
Nashville: +5,273
Providence: +4,830
Milwaukee: +4,720
Cincinnati: +3,525
Charlotte: +3,281
Indy: +3,000
Columbus: +2,326
Sacramento: +2,122
Kansas City: +2,059
San Antonio: +2,009
Orlando: -1,861
Las Vegas: -5,213

And 2010-2013

San Jose: +10,309
Portland: +5,785
Columbus: +4,123
Charlotte: +3,983
Nashville: +3,648
Pittsburgh: +3,343
Cleveland: +3,261
Cincinnati: +3,222
San Antonio: +2,078
Austin: +2,016
Sacramento: +1,859
Indianapolis: +1,448
Providence: +1,296
Milwaukee: +967
Kansas City: +761
Virginia Beach: +313
Las Vegas: -272
Orlando: -1,168

Again, Indy is nowhere near the top for either period.

So to me, the conclusion is that Indy is doing better than many of its peers economically, but it's still within the range of performance and not exceptionally different... not like say, San Jose or Portland.

These numbers are directly from the BLS site.
San Jose and Portland's Core based Statistical Area is much larger than Indianapolis' CSA. Not a fair comparison.
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Old 06-04-2015, 02:26 AM
MPC
 
692 posts, read 936,555 times
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I don't know if Indy is punching above it's weight because the BLS that releases this in it's 2013 report had Indy in 2011 at 103.815 billion but it's most recent has 2011 at 114.17 billion. It also was Indianapolis-Carmel in the old report and now Indianpolis-Carmel-Anderson, IN. So there is more population included. The pop base in the first report is 2 million at 103.815b, about $52k and the second is 2.4m, putting per capita at $52.6k.

That would put Indy below Chicago, Columbus, Cleveland and Kansas City

2013 Report (PDF)
2014 Report (PDF)
Look at how the same years are different
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