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Institutions Anchor Executive Summary of the Indianapolis Anchor Institution Baseline and Benchmarking Study © Greenstreet Ltd.
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Institutions Anchor © Greenstreet Ltd.
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Indy Anchor Institutions © Greenstreet Ltd.
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Indy Anchor Institutions 52,024 employees 1.4 million patients
67,520 students $10 billion in revenues $2 billion in spend 2,208 acres 32.4 million square feet $400 million in research Indy Anchor Institutions © Greenstreet Ltd.
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Development Economic Attraction Retention Optimization
© Greenstreet Ltd.
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Live Buy Hire Strategies © Greenstreet Ltd.
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Objectives Increase workforce credentials to fill anchor jobs
Increase employees living close to work Increase spend on local goods and services Increase workforce credentials to fill anchor jobs Objectives © Greenstreet Ltd.
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Support efforts to retain college graduates
HIRE INDY Alignment with Accelerate Indy: Educated and Talented Workforce Launch a collaborative and employer-driven workforce initiative that seeks to align and enhance efforts to advance educational and training opportunities supporting target sector development Support efforts to retain college graduates Evaluate the viability of developing public-private partnerships to support enhancements in college and career counseling and ensure programs are aligned with current and future labor market trends Develop and implement a multi-faceted talent attraction campaign as a component of a comprehensive new regional marketing program © Greenstreet Ltd.
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and hire 5,000 people annually
HIRE INDY Alignment with Accelerate Indy: Educated and Talented Workforce Anchors employ over 52,000 people in Marion County and hire 5,000 people annually © Greenstreet Ltd.
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HIRE INDY Alignment with Accelerate Indy: Educated and Talented Workforce © Greenstreet Ltd.
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BUY INDY Alignment with Accelerate Indy: Innovative and Enterprising Businesses Establish a physical and virtual “front door” for entrepreneurial and small business support services Issue the “Billion Dollar Challenge” by helping existing firms identify local alternatives to non-local suppliers of goods and services Expand the Indy Chamber’s existing microlending program to make it available to entrepreneurs outside Marion County Support a variety of state policy priorities that can improve the region’s capital environment and incentives for innovation © Greenstreet Ltd.
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5% recapture = $100 million in local sales
BUY INDY Alignment with Accelerate Indy: Innovative and Enterprising Businesses Anchors spend $2 billion annually on goods and services, yet 56% leaves Indiana 5% recapture = $100 million in local sales © Greenstreet Ltd.
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LIVE INDY Alignment with Accelerate Indy: Attractive and Connected Places Improve the efficiency and effectiveness of existing public transportation networks and plan for future expansion Invest in alternative transportation modes and personal mobility options for commuters, students, and visitors Support the development of corridors of commerce, community, and culture Redevelop brownfields and industrial sites, and prepare new shovel-ready sites © Greenstreet Ltd.
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ANCHOR-BASED LIVE NEAR WORK STRATEGIES
LIVE INDY Alignment with Accelerate Indy: Attractive and Connected Places ANCHOR-BASED LIVE NEAR WORK STRATEGIES Select State, City and Neighborhood-Scale Programs © Greenstreet Ltd. 14 Source:
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ANCHOR INSTITUTION Program Management LIVE BUY HIRE Convener
Indy Chamber Scale Marion County Regional Marion County/Regional Objective Increase the number of anchor employees living close to work Increase the amount of local spending on goods and services Increase the talent pipeline for anchor institutions Metrics % of anchor employees living within Marion County and within 1 mile of their employer % of total goods and services spend with Marion County and Central Indiana businesses % of workforce with post-secondary credentials to fill anchor jobs Anchor Department Human Resources Procurement Implementing Partners INHP LISC Employ Indy CICP Accelerate Indy Pillar Attractive & Connected Places Innovative & Enterprising Businesses Educated & Talented Workers © Greenstreet Ltd. 15
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