New businesses follow the rooftops

  • Comments
  • Print
Listen to this story

Subscriber Benefit

As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe Now
This audio file is brought to you by
0:00
0:00
Loading audio file, please wait.
  • 0.25
  • 0.50
  • 0.75
  • 1.00
  • 1.25
  • 1.50
  • 1.75
  • 2.00

In the Indianapolis area, businesses are popping up fastest in counties where populations are growing quickly.

Growth in number of businesses by countyIndeed, business creation in Boone, Hamilton and Hendricks counties increased at a steady pace the past couple of years despite the recession, government figures show.

Hamilton County in particular hosted more and more businesses. Last year, Hamilton had 7,715 businesses, up 6.6 percent from 2007, according to the U.S. Bureau of Labor Statistics.

Jerry Conover, director of the Indiana Business Research Center at Indiana University’s Kelley School of Business, noted Boone County churns out ever-larger numbers of businesses even though the population, while growing, is still fairly small. That’s probably because businesses are moving into the county to tap its wealthy residents, Conover said.

Growth in business numbers has slowed in Hancock and Johnson counties, and reversed in Marion, Morgan and Shelby counties in 2008.

The figures are derived from federal tax reports, and show the net change in businesses after accounting for startups, existing businesses and firms going out of business. The final quarter of 2009 is the most recent numbers available.•
 

Please enable JavaScript to view this content.

Story Continues Below

Editor's note: You can comment on IBJ stories by signing in to your IBJ account. If you have not registered, please sign up for a free account now. Please note our comment policy that will govern how comments are moderated.

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news. ONLY $1/week Subscribe Now

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In

Get the best of Indiana business news.

Limited-time introductory offer for new subscribers

ONLY $1/week

Cancel anytime

Subscribe Now

Already a paid subscriber? Log In