Fishers sees economic wins in 2020 despite pandemic

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Despite the COVID-19 pandemic wreaking havoc in 2020, the City of Fishers experienced near-record investments. In 2020, nine companies selected Fishers to relocate to and five existing firms chose to expand operations in Fishers totaling 1,101 new jobs at an average salary of $83,022 and capital investments of more than $121 million. Fishers’ Class-A Office vacancy rate dropped nearly 5 percent to 11.7 percent over the course of the year.

“(This) announcement speaks to the vibrancy and dynamic nature of Fishers’ economy,” Fishers Mayor Scott Fadness stated. “In a year when so many companies were experiencing slower growth, we are fortunate to have a business community that keeps innovating and driving toward growth even in the face of adversity.”

In addition to the economic development growth, Fadness launched the Fishers COVID-19 Recovery Program in April 2020. As part of that program, the City of Fishers loaned $505,000 to 73 Fishers-based businesses to help cover operational costs as firms responded to business changes due to the pandemic.

Since Mayor Fadness took office in 2014, firms have added 7,135 new jobs, retained 1,045 jobs, and have committed to more than $905 million in capital investment to catalyze the Fishers economy.

A glance at 2020 Fishers investments

Genezen Labs: The viral vector production contractor for gene and cell therapy previously operated out of Launch Fishers. In 2020, they announced an initial $7.8 million capital investment into a new clean manufacturing facility in the Crosspoint Business Park and plans to grow by 36 employees by 2024.

Highbridge: The Salesforce partner’s growth in 2020 led to its announcement of establishing its headquarters in Launch Fishers. The firm will lead Salesforce’s mid-size and enterprise customers’ digital transformation. Highbridge plans to hire 57 employees by 2024.

U.Group: The digital transformation company relocated to Launch Fishers from Washington, D.C., to conduct its Midwest operations in 2020. The company plans to create up to 130 high-wage jobs.

RoundRoom: The largest Verizon Wireless retailer in the nation plans to relocate its headquarters to Fishers from Carmel and consolidate its 200 employees from its portfolio of subsidiaries including TCC, TCC Gives, Round Room Gives, Redux and Culture of Good under one roof.

INCOG BioPharma Services: A contract development and manufacturing services provider to the biopharmaceutical industry for clinical and commercial injectable drugs will build its first manufacturing facility and global headquarters in Fishers in 2021. The company’s founders, former Cook Group executives, announced their plans to invest $60 million to build and equip a 60,000 square foot facility and bring 150 high-wage jobs to Fishers by 2024.

ZergNet: The digital media company announced its plans to relocate operations to Fishers from Noblesville. The firm employs 53 Hoosiers and 108 employees companywide.


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