Renn to Indianapolis: "You're #1 in Job Growth"

More encouraging news came from Aaron Renn, The Urbanophile,  last night in a well-constructed presentation during Indy Partnership's annual meeting at the Indianapolis Museum of Art.  Renn provided a data-driven analysis of the Greater Indianapolis Region's relative job growth position to a standing-room-only crowd. 

Renn used U.S. Census and Labor Department data to show that the Indianapolis MSA is #1 in job growth from 2000-2008, versus all Midwestern MSAs of over one million residents.  He went on to report that the "newness" of the job growth trend is evidence that the Greater Indianapolis Region is only witnessing the dawn of its heyday. 

In his analysis, Renn helped validate Indy Partnership's recent acclaims of 2008 (Site Selection Magazine) and 2009 (IEDC).  The Indy Partnership is a data-driven organization. We provide our clients and investors with value-added labor and business climate information, so they make better decisions. 

And we have a great product to sell.  We are now competing with the most attractive cities in the world, and winning.  Our airport (IND) and Indianapolis Museum of Art have taken top world honors.  We are doubling convention and hotel space.  Stay tuned, we will be even better in the next two years as we become America's world stage for the Final Four in 2010 and the Superbowl in 2012.

Check out our TOP RANKED WEB SITE.

The Continuing Downtown Indianapolis Renaissance

Monday, March 1, 2010 by Matt Waldo
Aaron Renn is a prolific writer on all things urban. His blog The Urbanophile, gives particular focus to Midwestern urban issues. Last week, I read a post from Renn's blog discussing how Indianapolis is experiencing an uncommon phenomenon -- a rise in the residential population of the urban core. This led me to examine the actual data behind Renn's conclusion. 

Sure enough, the U.S. Census Bureau reports the population of Center Township rose from 139,238 residents in 2006 to 147,791 persons in 2008 -- an astounding 6 percent increase in just two years. This is even more incredible, given that the population growth rate for the entire metropolitan statistical area from 2000 to 2008 was 12.5 percent.

So I started thinking about the reasons why people have a renewed desire to live in the urban core of Indianapolis. I have lived in the Indianapolis Region for almost 18 years now, which is long enough to have seen a major transformation. The transformation is mostly due to foresight over the past few decades on the part of our local political leaders with help from the Lilly Endowment, Central Indiana Community Foundation, and key philanthropists. Realizing that a vibrant urban core is vital to the entire region, local leaders have intentionally focused development of new sports venues, libraries, galleries, theater districts, parks, and trails in the heart of downtown Indianapolis. 

Mayor Ballard's increased emphasis on fighting crime, particularly violent crime, is also paying off.  The overall crime rate in Marion County declined by 5 percent from 2007 to 2009, with violent crime declining by more than double that rate. Ballard has also renewed efforts to address vacant properties -- an historical breeding ground for crime in any region.

As we enter a new decade, I am excited to see more residential construction than ever in the downtown area. The benefits are spilling over into neighborhoods bordering the downtown area as well, like Chatham Arch, Mass. Ave., Fall Creek Place, Old Northside, and others.  Big events will unfold here over the next few years including the NCAA Men's Basketball Final Four this year, NCAA Women's Basketball Final Four in 2011, and the Super Bowl in 2012, all taking place downtown. By the first part of next year, we will have an expanded convention center that is truly competitive with the largest in the U.S. in size and amenities, drawing ever larger groups of folks to see what Indianapolis has to offer. Many people will arrive here through the architectural marvel that is the new Indianapolis International Airport terminal, which I consider to be a world-class gateway to a world-class city.

Yes, the new decade in Indianapolis and the entire Indianapolis Region looks brighter than ever. Our urban renaissance will continue to be a major contributor to our progress in the coming years.

OF NOTE: Aaron Renn, The Urbanophile, will be the keynote speaker at the upcoming Indy Partnership Annual Meeting. The event will be held on March 23 at the Toby Theatre at the Indianapolis Museum of Art and is open to the public. For more information, visit www.indypartnership.com or contact Oren Cooley at ocooley@indypartnership.com.

PHOTO CAPTION: A view from the Washington Street bridge shows the NCAA headquarters, NCAA Hall of Champions, and the nearly complete JW Marriott hotel, which stands 34 stories tall next to the newly expanded Indiana Convention Center. The Indianapolis JW Marriott will boast the largest ballroom in the chain -- fitting for the largest JW Marriott in the world.

Indiana Garnering New Green Tech Industry Jobs, Investment

Monday, February 15, 2010 by Matt Waldo

Indiana Governor Mitch Daniels recently made the claim, "Indiana is becoming a location of choice for companies in the renewable energy industry." As a director of research, I reject broad, sweeping claims -- particularly those made by politicians -- unless they are backed up with credible data. It's a "show me the numbers" approach that would make any high school forensics/debate teacher proud.

Governor Daniels, it seems, has the numbers on his side. Hoosiers are already benefiting from an emphasis on alternative fuel vehicles and clean-tech or renewable energy. From 1998 to 2007, the number of sustainable energy jobs in Indiana grew by 17.9 percent, nearly double the growth rate of the rest of the United States, according to The Pew Charitable Trust.

PHOTO CAPTION: Indiana Governor Mitch Daniels (left) and Charles Gassenheimer, chairman and CEO of Ener1, the parent company of Indiana company EnerDel, pause for a photo together inside one of EnerDel's manufacturing facilities. Gassenheimer is holding one of the company's lithium-ion battery cells.

Furthermore, consider these recent announcements:

  • Lithium-ion battery maker EnerDel will locate its newest manufacturing operation in Hancock County (within the 10-county Indianapolis region) and create hundreds more jobs than originally projected. EnerDel, a developer of batteries and energy storage systems for hybrid, plug-in electric and electric vehicles, will soon have more than 1,400 employees working at three Indianapolis region locations.
     
  • THINK, a leading international manufacturer of pure electric vehicles, plans to locate its North American production facility in Elkhart, Ind., creating more than 400 jobs by 2013.
     
  • Delphi Corp., a global electronics maker, will establish a new production facility in Kokomo, Ind. (just north of the Indianapolis metro) to manufacture products for the electric drive vehicle market, creating an estimated 190 new jobs by 2014.
     
  • White Construction Inc., a contractor for renewable energy projects throughout North America, will expand operations and build its new headquarters in Clinton (between Indianapolis and Chicago), creating up to 70 new jobs by 2012.
     
  • According to the American Wind Energy Association, Indiana is a leading state in adding new wind capacity -- ranking second in the nation in 2009 and first in 2008.

Indiana's research universities -- including Purdue University, Indiana University and the University of Notre Dame -- give us an advantage when it comes to attracting and supporting green tech companies. Indiana and Purdue universities alone graduate more than 10,000 science and engineering students each year.

These universities also have formed active partnerships around advancing next-generation battery technology and are working with industry leaders to accelerate technology transfer, curricula and research and development. This collaboration extends to Indiana’s community college network to develop new degree and training programs required to prepare Indiana workers for advanced battery technology careers.

Just as Indy Partnership has traveled to target-rich environments such as California in the U.S. and Germany abroad touting Indiana's clean-tech energy and advanced manufacturing strengths, Governor Daniels has also been aggressively recruiting renewable energy companies to our state, creating thousands of new jobs.

Additional data and more detailed information about Indiana Clean-Tech Energy is available for download in our Clean-Tech Energy packet.

Why Indiana?: Our central location, vibrant workforce, history of innovation, engineering expertise, low cost of business, and more than 100 years of advanced manufacturing success have positioned us to be a robust national hub for the electric and hybrid vehicle supply chains as well as solar and wind energy technologies.

 

LEARN MORE ABOUT INDIANA CLEAN-TECH ENERGY
LEARN MORE ABOUT INDIANA ADVANCED MANUFACTURING

Mapping the Green Economy in Central Indiana

Monday, November 16, 2009 by Matt Waldo
Mapping the Green EconomyHere is a map of the companies in central Indiana that the Environmental Defense Fund shows will benefit directly from federal and state "green" incentives.  A full listing of the company names is available on the EDF site here.  You can also add your company to the list at the EDF site.

Key
Green = Renewable Energy Companies
Blue = Energy Efficiency Companies

CNBC - "Indy One of Best to Find a Job"

Monday, November 9, 2009 by Matt Waldo

Published: Friday, 6 Nov 2009 -  CNBC just completed a study on "Best Cities to Find a Job" and Indianapolis is ranked 8th.  CNBC specifically highlights central Indiana's Life Sciences and Medical Device Manufacturing industries as bright spots.

The report, released by employment Web site CareerBuilder.com, ranked the top metro areas with the most job postings on the site between January and October 2009.

 “The cities that are more economically diverse and have a variety of industries” have the most jobs available, said CareerBuilder.com spokesperson Jennifer Grasz.

"The Indianapolis Region also has and advantage from the perspective of employers in clean energy, defense, automotive, and information technology
," said Matt Waldo, Director of Research and Information for Indy Partnership.  "More highly skilled workers are available now in central Indiana than ever before, and at a competitive cost - and we'll quantify that for you," he continued. 

Check out all that the Indianapolis Region has to offer here.

The CNBC report may be accessed here.


Indiana Attracts Much More Venture Capital in 2009

Sunday, October 25, 2009 by Matt Waldo
Through the first nine months of 2009, Indiana startups have landed $128.18 million in funding, according to the MoneyTree Report released last week by PricewaterhouseCoopers and the National Venture Capital Association.Indiana topped those other "I" states: Illinois had $115.4 million and Iowa $68.3 million over the same time. Indiana also beat out many of its Midwestern peers, including Michigan ($81.84 million), Ohio ($58.7 million), Missouri ($14.3 million) and Wisconsin ($13.87 million), according to the report.

Source:  Indystar.com, October 25, 2009.

Purdue University Highlights $20M DOE Grant at Biotech Conference

Thursday, October 22, 2009 by Matt Waldo

I had the pleasure to attend a session at the BioCrossroads conference this week where Marshall Martin and Maureen McCann highlighted Purdue's advanced biofuels research plans as part of a $20M grant from the U.S. Department of Energy.

Below is an excerpt from Purdue's May 2009 press release on this:

Purdue to find game changing way to produce biofuels

 

WEST LAFAYETTE, Ind. - The U.S. Department of Energy plans to fund a $20 million effort to create an Energy Frontier Research Center to advance work in biofuels at Purdue University.

The center will investigate methods to bypass the currently used processes involving biological fermentation, reducing the need for large and expensive biorefineries and expanding the range of biofuels beyond ethanol.

 

The Department of Energy also chose Purdue's project as one of 16 that will be funded by President Obama's American Recovery and Reinvestment Act.

The five-year project to develop direct conversion technologies of plant biomass to fuels will create at least 20 new jobs for students, postdoctoral researchers and professional staff in Indiana and another eight jobs at partner institutions, said Maureen McCann, the associate professor of biological sciences who leads the project.

"This center will not only build the knowledge base that will give us a new generation of technologies in energy research for future implementation, but also has the potential to impact work force opportunities," she said. "New jobs are created directly through the funds given to the center, but there also will be a ripple effect as those we train go on to academia or industry and conduct their own enterprises in energy research. If we are successful in this program of high-risk, high-reward research, then it will result in job creation on a much wider scale as these new technologies are implemented into the green economy."

The Purdue center, named the Center for Direct Catalytic Conversion of Biomass to Biofuels, or C3Bio, will investigate methods to directly convert plant lignocellulosic biomass, the bulk of the plant, to biofuels and other bio-based products currently derived from oil by the use of new chemical catalysts and thermal treatments. The team aims to produce fuels that closely resemble gasoline in terms of their molecular makeup and energy density, she said.

The center team, which includes experts from the fields of biology, chemistry and chemical engineering, will study the interactions between catalysts and plant cell walls to design improved chemical reactions for the biomass-to-biofuel pipeline.

Mahdi Abu-Omar, a professor of chemistry, will co-chair the center with McCann. The research team also includes Nick Carpita, Clint Chapple, Dan Szymanski and Nathan Mosier from the College of Agriculture; Rakesh Agrawal, Nick Delgass, Fabio Ribeiro and Kendall Thomson from the College of Engineering; and Hilkka Kenttämaa, Chris Staiger and Garth Simpson from the College of Science.

The center will collaborate with the University of Tennessee, the National Renewable Energy Laboratory and Argonne National Laboratory, which have facilities capable of examining the interaction of catalysts with biomass at the atomic level, McCann said.

"The science of chemical catalysis hasn't been much applied to turning biomass into biofuels," McCann said. "We thought there was a real gap in applying a science that is the foundation of the petrochemical industry but for which very little research exists on living plants, or as we like to call them, young coal."

Most of the reactions used in the petrochemical industry, starting from oil, rely on inorganic chemical catalysts, McCann said. For example, inorganic catalysts are used to generate ethylene and propylene, which are then used to create polymers, paints and other materials.

In current fermentation technology, biological catalysts are used to break down starch in corn kernels to glucose, and living organisms, such as bacteria or yeast, also use their own enzymes to produce ethanol from the glucose. Research is being carried out to use biological catalysts to break down plant biomass as a much more abundant source of glucose and other sugars for fermentation by the bacteria or yeast.

"Biological catalysts are fragile," Abu-Omar said. " Chemical catalysts have played a critical role in providing us fuels in the 20th Century from petroleum. In the 21st Century we will need robust and cheap chemical catalysts to provide us with renewable fuels directly from biomass."

The current biological catalysts used also have difficulty in dealing with lignin, a highly complex macromolecule within the plant cell wall. Lignin prevents access to the polysaccharides in the wall that are the source of the useful glucose and xylose, McCann said.

"The fermentation technologies are only 40 to 50 percent efficient in terms of the carbon atoms you started out with in the biomass ending up in fuel molecules," she said. "We think with different catalysts, the lignin could actually be used and converted to fuel molecules. If we can use the lignin, there is the potential to double the amount of fuel from each unit of biomass. Also that fuel could be more energy-dense, more similar to gasoline, than ethanol."

Bypassing the fermentation process also could help scale down biorefinery size, she said.

"If you could use chemical catalysts or a combination of catalysts with heat, you might be able to scale down the large and expensive refineries that you need to carry out the fermentations," McCann said. "It may even make mobile hydrocarbon refineries possible, where you could take the refinery to the field instead of having to transport heavy biomass to another location."

McCann said the interdisciplinary team that draws on a variety of Purdue's strengths was instrumental in getting the award and will drive the center's success.

"With a group that combines multiple areas of expertise, ideas that are at the boundaries of disciplines start to emerge," she said. "Purdue has deep expertise in plant cell wall biology,  developing new scientific instrumentation, the chemistry of catalysis, and in thermal process engineering and the design of catalysts. In addition, we are located in Indiana, which has the necessary agricultural landscape for the development of biofuels, and great connections already exist between farmers, agribusiness, the state of Indiana and Purdue researchers. 

Purdue's long history of research in biofuels and supporting areas add to its strength, McCann said. The center has plans to establish connections with various research hubs across campus and other national research centers.

"Purdue has researchers that have been working on different aspects of energy biosciences for decades, building the foundation for the future," she said. "This center will bring together the massive amount of talented work that the university has accrued and will apply it to the next step in achieving a viable alternative energy source to finite and foreign oil."

Source:  www.Purdue.edu, May 7, 2009.

You may view other regional assets in the alternative fuels area in Indiana by clicking here.

Indiana Adds More Workers than Any State in September

Thursday, October 22, 2009 by Matt Waldo

Indiana added more workers than any other state in September, fueled mainly by gains in the hard-hit manufacturing sector.

Forty-three states reported job losses in September, while seven gained jobs, the Labor Department said Wednesday. The numbers underscore the uneven nature of the nation's economic recovery.

Indiana not only recorded a national best but reported its third straight drop in the unemployment rate, by 0.3 of a percentage point, to 9.6 percent. The state also boasted a rate lower than all of its neighbors, which had double-digit rates.

September shined in the Indianapolis metro area, where 7.7 percent was the lowest jobless rate since 8 percent in January. Marion County last month recorded 8.4 percent joblessness, while Hamilton County had the area's lowest rate, 6.1 percent. Madison County, at 9.7 percent, had the area's highest unemployment.

Indiana benefited from a rebound in the auto sector last month and a healthy medical device industry, said Robert Guell, a professor at Indiana State University in Terre Haute.

Auto parts and assembly plants ramped up production as General Motors, Honda and Chrysler sought to replenish inventories depleted by the popular Cash for Clunkers program, in which customers traded old vehicles for newer, more fuel-efficient models.

In September, Indiana added 4,400 jobs, an increase from August, with manufacturing posting the strongest gain with 3,000 positions. The professional and business service sectors also filled 2,900 jobs. Construction lost 3,300.

Teresa Voors, commissioner of the Indiana Department of Workforce Development, was encouraged by the added jobs but said, "It's still too early to say we have turned the corner."

Matt Kinghorn, economic research analyst with Indiana University's Indiana Business Research Center, agreed.

"It's really encouraging news in seeing Indiana make improvements and (in some sectors) really dramatic improvements. . . . It's still too early to say that Indiana is out of the woods."

Michael Hicks, director of the Center for Business and Economic Research at Ball State University, said, "For the first time in my adult lifetime, it looks like Indiana is pulling out of the recession faster than our neighbors."

Patrick Kiely, president and CEO of the Indiana Manufacturers Association, said he'll take the happy news after two years of job declines. He said the state has gained about 12,000 manufacturing jobs since dropping from 543,000 in January 2008 to 428,700 in June 2009.

"It is coming back," but "everybody's still as cautious as they can be."

Source:  Indianapolis Star (indystar.com) , 10/22/2009
You may view county-by-county unemployment rates, labor force estimates and other workforce data on the Indy Partnership website - click here.

 

New GIS Data Layers Available

Sunday, October 18, 2009 by Matt Waldo
The following new data layers are now available on Indy Partnership's web site - recently voted the best web site in the economic development industry:
  • Largest Life Sciences Companies (Statewide) - Available as point data on "Map Overlays"
  • Manufacturing Employment (Region) - Available as county-level thematic layer
  • Logistics Employment (Region) - Available as county-level thematic layer
  • 2007-2008 Population Change (Region) - Available as county-level thematic layer

Click here to go to the page.  Then select the grey tab at the top of the map, titled "Data".

State of Indiana Is Key Focus of Federal Electric Automobile Funding

Tuesday, October 6, 2009 by Matt Waldo
A study appearing in the latest issue of Site Selection magazine shows that Indiana advanced manufacturing companies have received the second-highest amount of funding from the U.S. Department of Energy for battery and electric drive manufacturing. The companies are:
  • Allison Transmission
  • Delphi
  • EnerDel
  • Magna E-Car
  • Remy
Coincidence? Not likely. General Motors developed the first battery-powered auto (EV-1) in Central Indiana decades ago. Couple historic and current innovation with more than 150,000 central Indiana advanced manufacturing workers (15% of total employment) and two of the best engineering schools in the U.S. nearby (Purdue and Rose-Hulman Institute of Technology), and you get a recipe for success in what appears to be the start of the next industrial revolution -- green technologies.   

Other alternative energy companies of note in central Indiana include Cummins, AltairNano, Bright Automotive, Brevini, Horizon, AlgaeWheel, and the list goes on. 

Read our report on the renewable energy assets in Central Indiana by clicking here.

You can see the map of federal projects from Site Selection here.

It's also worth noting that the Indianapolis Region is internationally known for the Indianapolis Motor Speedway and its Indianapolis 500 Mile Race. Indiana motorsports businesses employ more than 8,000 people at more than 400 companies in Central Indiana.

DOWNLOAD CLEAN-TECH ENERGY PRESENTATION  |  SITE SELECTION MAP

Indianapolis Named an Official 'IACT Green Community'

Monday, October 5, 2009 by Matt Waldo

The Indiana Association of Cities and Towns (IACT) announced Saturday that Indianapolis has been named an IACT Green Community.

"One of the goals of my administration is to make Indianapolis one of the most sustainable cities in the Midwest," said Mayor Greg Ballard. "Since establishing the Office of Sustainability in October 2008, we have been working hard to find new ways for the city to conserve energy and to educate both residents and business owners about the importance of a truly sustainable city and I'm very proud that we have been recognized for those efforts."

IACT launched the Green Communities Initiative to recognize communities that are implementing cost savings and promoting sustainable, economically competitive quality of life concepts, despite facing budget shortfalls. As an IACT Green Community, Indianapolis will be part of a program designed to expand educational opportunities for municipalities and create a consolidated clearinghouse of data and programs that can be accessed by cities and towns throughout the state.

"We are truly excited to be recognized as an IACT Green Community," said Karen Haley, Director of the City of Indianapolis Office of Sustainability. "This designation not only recognizes that City government is committed creating a sustainable city, but it also is a testament to our citizens who are doing their part to help make us one of the most sustainable city's in the Midwest."

To be recognized as an IACT Green Community, Indianapolis had to demonstrate commitment to sustainability and cost savings in the areas of purchasing, operations, measuring success, and sample projects.

Source: City of Indianapolis

You may view a document outlining Central Indiana's clean tech manufacturing assets and projects here:  DOWNLOAD REPORT

Indianapolis MSA Unemployment Better Than Peers, Nation

Thursday, October 1, 2009 by Matt Waldo

Employment and unemployment are widely considered "lagging" economic indicators because employers do not start hiring more workers until revenues begin to increase.  However, August data from the Bureau of Labor Statistics shows the Indianapolis metro area's unemployment rate (8.2%) has begun to stabilize and continues to track lower than the nation (9.6%) and most peer cities.

You can download a chart showing the three-month trend for each peer metro by clicking here

Diamond in the Rough: Indy Industrial Real Estate

Wednesday, September 23, 2009 by Matt Waldo
This has been a bad year for the national commercial and industrial real estate market. The Indianapolis industrial market, however, appears to be bucking that trend, according to a recent study by Cushman Wakefield (CW) of Q2 results. CW found that while most competitive cities in the U.S. have experienced negative absorption in the millions of square feet, the Indianapolis Region has a POSITIVE 1.4 million square feet of activity so far this year.

Additionally, the Indianapolis Region industrial market completed construction of more than 4 million square feet of new space, doubling the development of larger cities such as Los Angeles, and a more than ten-fold increase over other large cities like Atlanta.

The report also shows that the Indianapolis market continues to be among the five most affordable large markets in terms of commercial and industrial real estate lease cost.

DOWNLOAD THE REPORT