The next Fortune 500 companies

April 23, 2008
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Conseco has dropped off the Fortune 500, leaving WellPoint, Lilly, Cummins and NiSource as the only Indiana companies remaining.

Several Indiana firms are closing in on the elite list, though.

One is Steel Dynamics, the Fort Wayne company that recycles scrap metal. It was No. 517 on the magazine's 2008 list of largest domestic companies, helped by the surge in steel prices. Quite a growth story: Co-founder Keith Busse stormed through Indianapolis raising startup capital just 15 years ago.

Other Indiana companies in the offing include Plainfield cell phone distributor Brightpoint, 527 on this year's list; Warsaw prosthetics maker Zimmer Holdings, 560; and Simon Property Group, the Indianapolis-based shopping mall giant, 585.

These companies are thriving. Do you see reasons why other companies in the state can't do well, too?

  • Brain Drain is major reason why companies in Indiana cannot do as well as they could and should. Look at the number of fortune 500 companies in such places as Omaha & Richmond, Va. Puts Indy to shame.
  • Water doesn't choose to go down a drain, there is a force that propels it out. I graduated college in 2004 and have yet been able to find a career opportunity anywhere near my chosen field. Like me, I think there are a large number of college graduates that would enjoy staying in their home state. So, is the lack of fortune 500 companies caused by college graduates going elsewhere, or are college graduates leaving the state because of the lack of good fortune 500 type jobs?
  • I am graduating from college this year, and I am trying desperately to find a good job here in Indiana. I want to live in Indianapolis, and I know several other college grads that are looking to remain in Indiana, many of whom are from neighboring states like Ohio, Michigan, and Illinois. Indianapolis is becoming very attractive to college graduates of nearby universities, some of which are like mine an 50 minutes away. The problem: none of us have yet to secure any jobs. There is a growing market of college graduates who want to remain here, like myself. The biggest problem is that Fortune 500 companies do not just get up and move their headquarters. It takes time before the smaller companies can grow and expand, and it is hard for college graduates to find these smaller, fast-growing companies when they are not as aggressive in their recruiting. I really believe the tides have changed for Indiana economically, and due to the business friendly environment compared to surrounding states, Indianapolis and Indiana as a whole will be the city and state to be in the Midwest in the coming years.

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  1. If what you stated is true, then this article is entirely inaccurate. "State sells bonds" is same as "State borrows money". Supposedly the company will "pay for them". But since we are paying the company, we are still paying for this road with borrowed money, even though the state has $2 billion in the bank.

  2. Andrew hit the nail on the head. AMTRAK provides terrible service and that is why the state has found a contractor to improve the service. More trips, on-time performance, better times, cleanliness and adequate or better restrooms. WI-FI and food service will also be provided. Transit from outlying areas will also be provided. I wouldn't take it the way it is but with the above services and marketing of the service,ridership will improve and more folks will explore Indy and may even want to move here.

  3. They could take the property using eminent domain and save money by not paying the church or building a soccer field and a new driveway. Ctrwd has monthly meetings open to all customers of the district. The meetings are listed and if the customers really cared that much they would show. Ctrwd works hard in every way they can to make sure the customer is put first. Overflows damage the surrounding environment and cost a lot of money every year. There have been many upgrades done through the years to help not send flow to Carmel. Even with the upgrades ctrwd cannot always keep up. I understand how a storage tank could be an eye sore, but has anyone thought to look at other lift stations or storage tanks. Most lift stations are right in the middle of neighborhoods. Some close to schools and soccer fields, and some right in back yards, or at least next to a back yard. We all have to work together to come up with a proper solution. The proposed solution by ctrwd is the best one offered so far.

  4. Fox has comments from several people that seem to have some inside information. I would refer to their website. Changed my whole opionion of this story.

  5. This place is great! I'm piggy backing and saying the Cobb salad is great. But the ribs are awesome. $6.49 for ribs and 2 sides?! They're delicious. If you work downtown, head over there.