Area Development’s Consultant’s Forum 12/4 - 12/6

Tuesday, December 20, 2011 by Courtney Smith

By: Troy Whittington, Director of Business Development

Area Development’s Consultants’ Forum was an informative mix of major site location consulting firms and corporate real estate executives that provided interesting insight into the corporate decision-making process.
 
The Consultants’ Forum has an established reputation for consistently providing strong speaker programs coupled with outstanding networking opportunities.

The latest event was no exception.  Attracting the leading names in global site consulting, corporate real estate and economic development strategy, participants had a multitude of opportunities for growth and interaction. Over the two day session, I had the chance to share lively discussions with a roster of active consultants who shape the decisions on many of today's leading projects.

The conference program is designed to ensure that attendees leave with valuable takeaways such as broader insight into the corporate decision-making process, the latest practical applications for affecting this process, and new marketing ideas that can help you compete more effectively in today's marketplace.

Social Dynamics: Connectivity: Creativity: Relationships

Monday, November 21, 2011 by Community Blogger

CoreNet Global Summit
Atlanta, Ga. - November 6-8

By: Troy Whittington, Director of Business Development

Upon returning from the CoreNet Global Summit in Atlanta, Ga. earlier this month, I am excited to bring back to our Indy Partnership team the excellent ideas and discussions I shared with some of the country’s top corporate real estate (CRE) decision makers.

CoreNet Global is the leading professional association for corporate real estate and workplace executives. CoreNet Global Summits assemble a forum of the leading thinkers and strategists in corporate real estate from around the world. Discussions and break-out sessions focus on how CRE’s can keep pace on a global level. This year’s summit had an attendance of nearly 2,000 top corporate real estate (CRE) decision makers and focused on “Social Dynamics” with a series of educational and networking opportunities, along with a pavilion for companies to set up booths, network and learn more about the industry from its top leaders. 

Throughout the three day summit, I had the opportunity to attend roundtable discussions with leading site consultants, meet with corporate real estate executives and brokers on a regional and national scope:

Del Boyette, Principal, Boyette Strategic Advisors
Kate McEnroe, President, Kate McEnroe Consulting
Edward McCallum Jr., Senior Principal, McCallum Sweeney Consulting, Inc
Don Schjeldahl, V.P. & Director for Facilities, Location, The Austin Company
Kristin Beatty, Managing Director,Consulting, CB Richard Ellis
J. Michael Mullis, President/CEO, J.M. Mullis, Inc

I also extended the trip to include office visits and meetings with four corporate real estate firms in the Atlanta area which I believe will be extremely beneficial to our organization as we move forward.

About CoreNet:
CoreNet Global is the world’s leading association for corporate real estate (CRE) and workplace professionals, service providers and economic developers. With 7,000 members, who include 70 percent of the top 100 U.S. companies and nearly half of the Global 2000. CoreNet meets locally, globally and virtually to develop networks, share knowledge and network professionally.

SIOR World Conference

Friday, November 18, 2011 by Community Blogger
By:  Troy Whittington, Director of Business Development

The Indy Partnership is proud to have joined the Indiana Economic Development Corporation (IEDC) in working to market Central Indiana at this year’s Society of Industrial and Office Realtor’s (SIOR) Fall World Conference.

Held October 22-21, 2011 in Chicago, Ill., SIOR’s semi-annual conference provided the ideal outlet for members to increase their professionalism and enhance their business networks. The conference included educational programming for real estate continuing education credits, as well as a variety of business and social activities.

The Indy Partnership has been actively involved in the SIOR World Conference for the past five years. The conference has proved to be a successful prospecting activity for the Partnership and is considered an important part of the overall marketing and networking strategy for Indy Partnership and IEDC.

With hundreds of participants, the conference and exhibit hall schedule provided Indy Partnership’s Director of Business Development Services, Troy Whittington, ample opportunities to meet with SIOR members and promote Greater Indianapolis to 625 brokers over the two-day period.

SIOR is the leading professional commercial and industrial real estate association. With more than 3,000 members in more than 580 cities in 28 countries, SIOR represents today’s most knowledgeable, experienced, and successful commercial real estate brokerage specialists. Real estate professionals who have earned the SIOR designation are recognized by corporate real estate executives, commercial real estate brokers, agents, lenders, and other real estate professionals as the most capable and experienced brokerage practitioners in any market.

SIOR also includes associate members who include corporate executives, developers, educators, and other involved in the commercial real estate industry.

Industry Week - Expansion Management's Consultant Roundtable

Thursday, October 27, 2011 by Courtney Smith

By Troy Whittington, Director of Business Development



Earlier this month I had the opportunity to attend the Industry Week/Expansion Management's Consultant Roundtable in Tucson, AZ. This was the third in a series of three held this year throughout the country.

Expansion Management's Roundtables have been an important part of the Indy Partnership marketing strategy. They continue to provide a valued opportunity to establish relationships with top site consultants. This being my first opportunity to attend, I was impressed by their presentation of new, meaningful programs in an environment that encouraged very productive networking.

The conference allowed me the opportunity to network with some of the industry’s top consultants, as well as other economic development professionals on the state, regional and local level.

During my time at the conference I attended presentations from site consultants and took part in a variety activities designed to help build relationships with the speakers.  Additionally, I had the chance to discuss opportunities and challenges with the featured presenters in one-on-one meetings throughout the conference.

Topics covered by the presenters included discussions on the future of incentives, trends in location and decision making, regional EDC collaboration and marketing strategies from experts like Julia Hoffman of Ernst & Young, LLP, Jane Orlin of ADP and Rich Overmoyer with 4th Economy.

Now back from the conference, I am excited to share with our team the strategies I have learned and we are eager to get to work implementing some of these strategies into our own plan as we continue our work to attract new jobs to Central Indiana.

Site Selection Magazine Recognizes Indy Partnership as a Top Ten Economic Development Group!

Tuesday, May 3, 2011 by Indy Partnership Staff

Site Selection Magazine has chosen to honor the Indy Partnership as one of the 2010 Top Ten Economic Development Groups of the Year. The award recognizes Indy Partnership as a top tier economic development organization with a premier ability to create job growth and capital investment in the 9-county region.  Here is a link to the award article -  http://www.siteselection.com/promos/newPreview.cfm?id=1675&rep=MG

Below is a photo of Scott Fulford, Executive Director accepting the award for Indy Partnership yesterday in Albuquerque, New Mexico.

Scott accepting the award

4/18/11 Windy City Recap

Monday, April 18, 2011 by Indy Partnership Staff

Last week, Project Manager Chelsey Soplanda braved the Chicago traffic (in particular, on the days that President Obama was in town) and made a few calls to four different consulting firms.  Each conversation brought up different ideas and conversation, but one reoccurring theme was the Headquarters Relocation Tax Credit that has turned a few heads in Illinois.  Multiple consultants were anxious to hear more on this opportunity and have expressed their clients interest in such a tax credit.  Those would be big wins for the Indianapolis Region!  A few of the consultants visited will be speakers at the International Economic Development Councils Spring Conference which will be held at the Hyatt Regency in downtown Indianapolis from June 5-7. 

In this industry, one of the most important things a business developer can do is stay fresh in a consultants mind.  Making these calls is exactly what this accomplishes. 

Thanks for your efforts Chelsey!

Indianapolis in Top 10 Metro Cities in Business Facilities Magazine

Monday, August 9, 2010 by Joshua Hall

LogoBusiness Facilities magazine released the results of its annual Rankings Report and Indianapolis earned two spots in the Metro Cities Rankings Report.

Indianapolis ranked #7 in the "Top 10 Metro Cities for Economic Growth Potential" and ranked #8 in the "Top 10 Metro Cities with the Best Cost of Living."

Top 10 Metro Cities for Economic Growth Potential:

1. CHATTANOOGA, TN
2. ALBUQUERQUE, NM
3. SAN ANTONIO, TX
4. CHARLESTON, SC
5. CHARLOTTE, NC
6. TUCSON, AZ
7. INDIANAPOLIS, IN
8. KANSAS CITY, MO
9. OKLAHOMA CITY, OK
10. LOUISVILLE, KY

Top 10 Metro Cities with the Best Cost of Living:

1. TULSA, OK
2. MEMPHIS, TN
3. MCCALLEN-MISSION, TX
4. LITTLE ROCK, AR
5. NASHVILLE, TN
6. TOPEKA, KS
7. LOUISVILLE, KY
8. INDIANAPOLIS, IN
9. CHATTANOOGA, TN
10. KNOXVILLE, TN


Economic Development in the Front Row: Brickyard 400 NASCAR at the Indianapolis Motor Speedway

Thursday, July 29, 2010 by Ron Gifford


For several years, our friends at the Indianapolis Motor Speedway have donated the use of one of the Turn Two VIP suites to the Indy Partnership, which we’ve used for entertaining business prospects, site consultants and local businesses.

It’s been a wonderful asset for us, particularly as we’ve hosted visitors who’ve never been to Indianapolis before. They’re always awed by the sheer size and majesty of the Indianapolis Motor Speedway, and from our vantage point, there’s nothing like sitting 10 feet away from the track as cars fly past at 200 miles per hour. 

... And sometimes, as shown by this short video of the first lap of this year’s Brickyard 400 (taken from our suite), we get the best seat in the house for some events. Our guests took home a bit of infield grass and debris in addition to their memories of this most recent race!

Don't Forget: Red Bull Indianapolis GP is coming up on August 29, 2010!

Indiana Wins Silver Shovel Award

Wednesday, July 28, 2010 by Joshua Hall
For its second consecutive year, Indiana has been awarded a Silver Shovel Award from Gold & Silver Shovel AwardsArea Development, the leading executive magazine that covers site selection and facility planning.

The Annual Shovel awards recognize the state economic development agencies that drive significant job creation and investment throughout the year. All 50 states are invited by the magazine to submit information about its top 10 job creation and investment projects throughout the year in order to be considered for an award.

The Gold Shovel Award is presented to the state that achieves the most success with new job creation and economic impact, while the Silver Shovel Awards are awarded based on state population, allowing states to only be compared with other states in their tier - Indiana earned its Silver Shovel in the 5 to 10 million population category.

Click to read about Indiana's 2009 Silver Shovel Award

US-China Summit Brings New Deals and Opportunities to Indiana

Thursday, June 3, 2010 by Joshua Hall

Gov. Mitch Daniels walks with others to sign deal of EnerDel and the Wanxiang Group.The flurry of activity during the Indianapolis 500 Mile Race weekend included nearly 100 U.S. and Chinese auto executives and government officials coming together for the first U.S.-China Advanced Technology Vehicle Summit in downtown Indianapolis.

The event was produced by the Energy Systems Network (ESN), an initiative of the Central Indiana Corporate Partnership and a sister organization in Indiana economic development to Indy Partnership. ESN is focused on the development of the energy technology or “clean-tech” sector.

The weekend concluded with many signed deals, promising future partnerships and more business opportunities for Hoosier automotive companies.

Indiana participants in the Summit included:

  • Allison Transmission
  • Cummins
  • Delphi
  • EnerDel
  • Remy International
Participating Chinese companies included:
  • BYD
  • Chery
  • Dongfeng Electric Vehicle
  • Shanghai GM
  • FAW Group
  • Geely
PHOTO CAPTION: Gov. Mitch Daniels walks into the EnerDel plant for a press conference to announce the agreement between EnerDel and Wanxiang Group, with Charles Gassenheimer, Chairman & CEO of Ener1, Guoqiang Yang, Chinese Consul General and Pingyi Li, Department General Manager of Department of Development Wanxiang Group. The EnerDel-Wanxiang agreement was one of many agreements made at the Summit. 

Agreements made at the U.S.-China Advanced Technology Vehicle Summit include:

EnerDel & Wanxiang Agreement -- 3,000 new green jobs may emerge as the Indianapolis-based EnerDel and Wanxiang Group of China signed a joint venture agreement for EnerDel to provide advanced lithium-ion battery systems toWanxiang Group's china plant.

China Investment Promotion Agency and Indiana Economic Development Corporation signed a Memorandum of Understanding to strengthen future trade and economic development opportunities.

Strategic cooperation agreements between Cummins and two Chinese companies, Guangxi Liugong Machinery and Zhengzhou Yutong Group were made.

Energy Systems Network, China Chamber of Commerce for Import and Export of Machinery and Electronics, and the China Association of Automotive Manufacturers agreed to conduct another U.S.-China Advanced Technology Vehicle Summit, next time in Beijing that will focus on the broader new energy technologies market.

Watch video from INside Indiana Business's Interview with Gov. Mitch Daniels about the Summit.
Read Forbes blog post on Summit and Indiana's business climate.

 

New Data Center May Bring More IT Firms to Region

Tuesday, May 25, 2010 by Joshua Hall

The Indianapolis region is home to nearly 2,000 Indiana information technology firms, and IT executives predict that number to rise with the completion of another new state-of-the-art data center being built by LightBound on the west side of the city of Indianapolis.

President Jack Carr of LightBound said the new data center will be an asset to Indiana site selection and has the potential to bring more software service providers and even other leading IT targeted companies such as ExactTarget to the Indianapolis Region.

ExactTarget, a fast growing IT company with roots in e-mail marketing, will be a major tenant in the new data center. ExactTarget COO Scott McCorkle said the new facility was a critical aspect of ExactTarget choosing to expand and invest in Indiana and the Indianapolis Region.

PHOTO CAPTION: The new LightBound data center, located on the west side of Indianapolis at 650 West Henry Street.

This 47,000 sq. ft. state-of-the-art data center is tornado proof; has the latest power, cooling and communications technologies; and is a Tier IV facility, meaning it guarantees 99.995 percent availability and is designed to host mission-critical computer systems. When it comes to data centers, there are different types or levels, and each is classified in terms of tiers being either a I, II, III or IV Tier. The higher the tier, the higher the accessibility.

Indiana and Indianapolis region IT executives are eager and excited for this new data center to further stimulate the growth of Indiana information technology. this excitement was captured in a recent press release from TechPoint, an initiative of the Central Indiana Corporate Partnership and a sister organization in technology-related Indiana economic development to Indy Partnership:

Despite last year being the worst year in more than a decade (since 1997, to be exact) for venture capital nationally, investors are betting on Indiana’s high-tech entrepreneurs, with Indiana growing in total revenue investment by nearly 70 percent over 2008, which surpassed 2007 by 40 percent, according to the PricewaterhouseCoopers National Venture Capital Association Money Tree Report.

“The latest Cyberstates report from the TechAmerica Foundation shows that the state added tech jobs during the downturn, even as the rest of the private sector was making cuts,” said Jim Jay, president and CEO of TechPoint. “When the rest of the economy starts catching up, Hoosier high-tech companies will be leading the way.”

Read the INside Indiana Business Article and learn more about Indiana information technology.

First U.S.-China Summit on Hybrid and Electric Vehicles Set for Indianapolis Region

Monday, May 24, 2010 by Joshua Hall
An historic summit will take place this week as nearly 100 Chinese government officials and automotive executives travel to Indianapolis for the first U.S.-China Summit on hybrid and electric vehicles. Gov. Mitch Daniels hopes the summit will result in stronger relations with China as well as a chance for Hoosier companies to discuss possible partnerships.

The U.S.-China Advanced Technology Vehicle Summit event is being produced by the Energy Systems Network (ESN), an initiative of the Central Indiana Corporate Partnership and a sister organization in Indiana economic development to Indy Partnership. ESN is focused on the development of the energy technology or “clean-tech” sector.

ESN distributed the following press release on the event:

First U.S.-China Summit on hybrid and electric vehicles set for Indianapolis

Summit hosted by Energy Systems Network offers “unprecedented” opportunity for Indiana companies in global vehicle manufacturing market

(INDIANAPOLIS, Ind., May 24, 2010) Executives from Energy Systems Network joined Governor Mitch Daniels and officials from the Consulate-General of the People’s Republic of China (Chicago) to announce that Indianapolis will host the first U.S.-China Advanced Technology Vehicle Summit Thursday and Friday (May 27-28).

The Summit will bring together a delegation of Chinese automakers and Indiana manufacturers of components for hybrid and plug-in electric vehicles to share information and explore potential business relationships that could result in new opportunities for Hoosier firms and future foreign investment in the state. The event is hosted by the Energy Systems Network, a non-profit organization focused on growth and commercialization within the clean technologies and energy sectors.

China represents the world’s fastest-growing market for electric vehicles, projected to grow its global market share from less than 3% this year to 35% in 2020; all of the nation’s major state-owned and joint venture auto manufacturers as well as most privately-held companies are producing or have announced plans for hybrid and electric models.

“Last year, we took Indiana’s story to China for the first time.  Now, we’ll welcome our colleagues from the Chinese Ministry of Commerce and representatives from some of the country’s major automakers to Indiana for the first time.  Hoosier firms developing technologies and components for electric vehicles will have an unprecedented business development opportunity to discuss potential partnerships and joint ventures,” said Governor Daniels.

The delegation will be led by Mr. Wang Chao, Assistant Minister of Commerce of the People’s Republic and include nearly 100 Chinese government officials and automotive executives.  More than 15 Chinese auto companies will be represented at the Summit including:  FAW Group Corporation, Dongfeng, Chery, BYD, Geely, Guangzhou Automobile Group, Wanxiang Group and others, along with the Chamber of Commerce for Manufacturing Equipment and Electronics, and the China Association of Automobile Manufacturers.

“This is the largest delegation of Chinese automotive company executives and officials to travel to the United States for a historic visit with American automotive parts manufacturers,” noted Assistant Minister of Commerce Wang Chao. “We are confident the visit will result in stronger business relationships between the Chinese and American automotive companies, especially for hybrid and electric vehicles.”

U.S. participants include Indiana manufacturers Cummins, Delphi, Allison Transmission, EnerDel, and Remy. These companies represent a growing cluster of firms producing advanced batteries, engines, motors, transmissions and electronics for hybrid and electric vehicles; Hoosier manufacturers collectively attracted more than $400 million in vehicle electrification stimulus grants in 2009.

“To truly capitalize on the global market for vehicles, component manufacturers have to look beyond the U.S.,” added Joe Loughrey, Chairman of the Energy Systems Network and retired Vice-Chairman of Cummins.

“Many of ESN's member companies already do business in China,” Loughrey continued. “We hope this Summit helps advance those relationships and set the stage for new ones that together result in Hoosier companies supplying more components to Chinese companies, creating great jobs in Indiana."

Daniels will speak at a delegation welcome dinner on Thursday evening at the Eiteljorg Museum, and the U.S.-China Advanced Technology Vehicle Summit will be held at the Indianapolis Marriott Downtown beginning at 9 a.m. on Friday.

Details on media availability during the Summit and specific lists of participants will be released as they become available.

About Energy Systems Network: The Energy Systems Network (ESN) an initiative of the Central Indiana Corporate Partnership. It is a non-profit industry-driven economic organization focused on the development of the energy technology “cleantech” sector. ESN provides project development and coordination for joint ventures and cooperative partnerships between network members to bring new energy technologies to market.  ESN partners include a wide range of Fortune 500 firms, emerging technology companies, and research and educational institutions with expertise in advanced technology vehicles, distributed power generation, advanced biofuels, renewable energy, and energy efficiency.


 

Hannover Messe: A Target-Rich Environment with Very Little U.S. Competition

Wednesday, April 21, 2010 by Kristie McKillip

European Trade Mission
Day 2 - Hannover Messe
 
With all of the passport drama of the previous day behind me, I started the morning out refreshed and energized ... and boy was I going to need a lot of energy!  My morning started with a breakfast meeting at 8:30 a.m. followed by a hectic schedule of back-to-back meetings at the trade show. 

Let me just state for the record, this is not your average trade show.  Hannover Messe is the single largest industrial trade fair in the world with over 4,000 exhibitors.  I know that may sound big, but you really can’t appreciate just how big it is unless you see it.  Literally, we’re talking about 27 halls of exhibitors -- and all of the “halls” are large buildings. 

So the Hannover complex is set up for 27 large buildings, all full of exhibitors -- some of which have spent hundreds of thousands of dollars on their state-of-the-art exhibits, not to mention the cost of shipping their equipment in for demonstrations.  The show is so big, that they have three different shuttle lines taking people around the show from hall to hall.  If you have one meeting in "Hall 3" and then your next meeting is in "Hall 20," it could literally take you a good 20 minutes to get from place to place on foot.  I learned first-hand today just how important those shuttle are!  It is truly impressive -- and this is coming from someone who has seen a lot of trade shows. 

I was so glad that we had strategically secured pre-arranged meetings with exhibitors and other companies and that we had a set agenda for my time at this trade show.  Otherwise, it would have been very easy to get lost in the sheer size of the show and become overwhelmed. 

I had meetings with eight companies today and two consulting firms.  I met with companies across the advanced manufacturing spectrum from a die casting company for the wind industry to a power capacitor manufacturer to a specialty, precision components manufacturer.   Before I knew it, it was already 6 p.m.!  The day just flew by.  All of my meetings were really good.  All eight companies will be good future prospects, and I would classify three of them as “warm” leads.  These are companies that are actively pursuing plans to establish a presence in the U.S. market, and that would be a good fit for the Indianapolis region. 

Today was certainly a great day!  It was a business development professional’s dream -- a target-rich environment with little to no competition.  Clearly, the volcano had an impact on the attendance at the show. 

As unhappy as I was that some of my Indiana colleagues were unable to join, I realized that this was also the fate of our competitors from other states and regions in the U.S.  In every meeting that I had, people were amazed that I had made it from the U.S and they were excited that I (an American) had made the journey!  This told me that 1.) Americans were scarce at the show and 2.) that I was probably one of the few U.S. economic development representatives in attendance with the exception of states or regions that are represented with foreign offices in Europe.  In fact, despite some of our cancellations, I believe Indiana was well represented because the State’s European office (contracted through IEDC) had scheduled meetings beginning Monday, through this afternoon and had advised me on other contacts I should follow up with later in the week.  Working in collaboration with IEDC, I think we will definitely cover a lot of ground at this show. 

I am looking forward to tomorrow and another full day of scheduled meetings!

Also, just for fun, I thought I would share a video I found on YouTube from a company with a presence in the Indianapolis region that is the single largest exhibitor at Hannover Messe.


New Transit Plan for Indianapolis Region Designed for Economic Impact

Wednesday, February 17, 2010 by Joshua Hall

No one living anywhere near Indianapolis could imagine the nation's 14th largest city without White River State Park -- home to the Indianapolis Zoo and White River Gardens; Indiana State Museum and IMAX Theater; Eiteljorg Museum of Native American art, history and culture; NCAA headquarters and the NCAA Hall of Champions; Victory Field and the Indianapolis Indians Triple-A baseball team; The Lawn outdoor concert venue; and the Central Canal waterway.

However, without a plan developed in cooperation with the American Institute of Architects in the 1970s, the west edge of downtown Indianapolis might never have become the laudable quality of life and economic development engine that it is today.

Forty years later, Indianapolis and indeed the Indianapolis Region as a whole is at another major crossroads that will have significant and long-term impact on the people who live in the region, on Indiana site selection and Midwest economic development in general.

This time, the plan takes a comprehensive look at regional public transportation, with a blueprint developed by a task force led by Allan Hubbard, co-founder of locally based acquisition firm E&A Industries and an economic adviser to both Bush administrations. The group also included representatives of the Greater Indianapolis Chamber of Commerce, Central Indiana Corporate Partnership (the nonprofit parent organization of Indy Partnership) and Central Indiana Community Foundation.

This group evaluated transportation investments with an eye towards return on investment, using a rigorous cost-benfit model and focusing on issues like workforce mobility, transit-oriented development and neighborhood redevelopment.  (Read more about the potential economic benefits of the plan here on the Central Indiana Corporate Partnership blog.)

Major enhancements to public transit such as the proposed new in-street light rail, ground-level commuter train, and expanded bus service, bike and pedestrian paths are helpful to the economic development cause. According to an IBM study conducted for Indy Partnership, these types improvements will be viewed by SOME site selection consultants and their clients as a "key project driver," and by ALL consultants and their clients as a positive contributor to the Indianapolis region's business climate, infrastructure and living environment. 

Visit indyconnect.org or read the official press release to learn more about the proposed comprehensive regional transportation plan. Click on the map to view specific proposed routes and transportation modes.

2010 Off to a Fast Start in Green Manufacturing Success Stories

Wednesday, February 17, 2010 by Ron Gifford

In partnership with fellow Central Indiana Corporate Partnership organization Conexus Indiana, I penned the following column -- now appearing on the Inside Indiana Business website -- highlighting some of the monumental clean-tech energy and Indiana advanced manufacturing success stories coming out of the first 45 days of 2010.

 

About Conexus: Conexus Indiana is the state’s advanced manufacturing and logistics initiative, dedicated to making Indiana a global leader in these high‐growth, high‐tech industries. Conexus is focused on strategic priorities like workforce development, creating new industry partnerships and marketing our competitive advantages.

Here is the column as it appears on insideindianabusiness.com:



2010 Off to a Fast Start in Green Manufacturing Success Stories

What do you get when you combine cutting edge technologies, a legacy of engineering expertise, and a rich manufacturing heritage? A flurry of good news that puts central Indiana in the driver's seat of activity to put more electric vehicles on our highways and make renewable energy a practical reality. And if the rest of the year looks anything like the first few weeks, 2010 will be known as the Year of Clean-Tech here at the Crossroads of America.

Let's run down a few of the highlights:

In Anderson, Ind., Remy International announced a new business unit dedicated solely to the development and manufacturing of electric and hybrid motors. Remy is already the largest U.S. producer of hybrid motors, and last year earned a $60 million grant from the U.S. Department of Energy as part of an initiative to fuel development of electric vehicle batteries and components.

The move could spur significant investment and create hundreds of new jobs over the next few years, and appears to already be paying dividends – Remy just announced a major contract to supply Mercedes with hybrid motors.

When it comes to electric vehicles, the "green-tech" juggernaut known as EnerDel continues to produce new jobs and investment in the Indianapolis Region, along with cutting-edge batteries. As the only U.S. manufacturer of the lithium ion batteries that power hybrid and plug-in electric vehicles, EnerDel has tapped the rich reservoir of engineering talent that created General Motors' EV1 and other groundbreaking projects here in the region. EnerDel just announced a major new manufacturing facility in Greenfield, Ind., that will ultimately employ 1,100+ -- thus expanding a footprint in greater Indianapolis that includes its northeast Indy headquarters and a battery pack assembly facility in Noblesville, just north of the city.

Throughout the state, tremendous wins are being registered in attracting clean tech manufacturing. Think North America, an electric car manufacturer, has chosen Elkhart as the site of its first U.S. manufacturing plant, joining Electric Motors Corp and NaviStar as the hub of a growing green vehicle cluster along Indiana's northern border.

Brevini Wind (in Muncie, Ind.) has earned $12.8 million in federal tax credits to manufacture gear boxes and other technologies for its massive wind turbines. Just a few weeks ago, U.S. Secretary of Energy Chu visited Columbus, Ind., to announce $54 million in federal stimulus grants to Cummins to increase engine fuel efficiency.

Like any high-tech, innovation-driven industry, the clean tech sector demands a skilled workforce. Here too, Indiana is making great strides, as the state's Department of Workforce Development recently secured a $6 million grant from the U.S. Department of Labor to help workers from other manufacturing sectors take advantage of new jobs in the clean tech space.

The Indy Partnership has aggressively pursued companies in the energy innovation and green manufacturing arenas, both here and abroad – including multiple visits to Europe and China. We plan to continue these recruiting efforts in the years to come, and the level of activity so far in January tells us that our hard work is paying off.

Download our Indiana Clean-Tech Energy Industry Report.

Central Indiana has a long-term strategy designed to strengthen our world-class clean tech sector and re-energize our manufacturing base. Our sister initiative, Energy Systems Network, is playing a leading role in making Indiana a center for energy innovation. The success stories that have marked the start of 2010 are early dividends, but we're confident the best is yet to come.

As the economic development arm for the Central Indiana Corporate Partnership (CICP) and the 10-county Indianapolis Region, Indy Partnership will be doing its part to tell this story and maximize our potential in this booming area of cutting-edge clean technology industries. In Indiana, green tech means green jobs; in other states, they're just green with envy at our success.

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

Indiana Life Sciences Gets $120 Million Education and Venture Capital Boost

Monday, January 4, 2010 by Joshua Hall
Throughout the month of December, Indiana industry, university and community leaders have joined forces to make our proverbial life sciences cup "over-floweth" with two major announcements totaling $120 million in new investments.

In an Indianapolis Star newspaper editorial, David Johnson (president of Indy Partnership's sister organization BioCrossroads) and Craig Brater (dean of the Indiana University School of Medicine) lay out the details of a $60 million grant from Lilly Endowment to the Indiana University School of Medicine, and the new $58 million INext Fund. The INext Fund is spearheaded by BioCrossroads with investments from Eli Lilly and Co., the Indiana State Teachers Retirement Fund, Indiana University, Purdue University, the University of Notre Dame and the Richard M. Fairbanks Foundation.



Click here or on the above graphic to read the full editorial.

Interestingly, in our weekly Indy Partnership staff meeting this morning we had an important discussion about VALUE vs. COST and the fact that the 10-county Indianapolis Region has moved into a competitive space where the business value we offer is altogether a richer, more complete picture than just offering a low cost of doing business.

How is this relevant to the $120 million investments in life sciences education and venture capital?

From a workforce development perspective, the $60 million Lilly Endowment grant will be used, in part, to recruit, retain and advance current and emerging leaders in fields such as cancer, neurological and mental illness and diabetes. This talent pool will be conducting research and developing innovative solutions to some of our nation's greatest health challenges along side medical students and our state's likely future life sciences leaders. It is the highly skilled life sciences workforce coupled with affordable housing and commercial real estate, lower tax rates, and many other "low cost" factors that positions our 10 counties as a region of great value.

The INext Fund will invest in other venture capital funds that are focused on life sciences, which will facilitate direct investment in Indiana life sciences companies. While this alone is remarkable in today's economic environment, it is "the multiplier effect" that could have an even greater and longer lasting impact on Indiana life sciences.

According to Johnson and Brater, $155 million worth of Lilly Endowment grants from 2000-2003 were parlayed into an additional $682 million in research grant awards to Indiana University -- that's more than four times the amount of the original Lilly Endowment grants. Those grants resulted in more than 60 international patents and the creation of at least four start-up life sciences companies.

At a time when almost every state across the nation is cutting back and placing infrastructure investments (including education) on hold, there are industry, university and community leaders in Indiana charging forward with truly monumental investments that will have significant impact on the life sciences workforce and, in the long term, on Indiana life sciences innovation leadership. Now that's a value proposition that life sciences company CEOs, site consultants and corporate location managers should find very interesting.
 
LEARN MORE about life sciences in the Indianapolis Region.
 

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".

Taipei Street Scenes

Wednesday, October 14, 2009 by Ron Gifford

Now that we're back from China -- which means I have access to YouTube again -- I can load up some of the videos I made on our trip (on the video about the Great Wall, you'll hear my wife make fun of the fact that 1.3 billion Chinese don't have Internet access to my "cheesy tourist videos"). 

Taipei Street Scenes

This video is actually from Taipei, Taiwan -- some random street footage showing what life is like in that city of 2.5 million people.  The kids were extremely friendly, as I discovered when a little boy starting jumping up and down in front of my camera to get my attention.

Taipei is an interesting juxtaposition of older buildings and temples and gleaming high-rises like Taipei 101, currently the world's tallest office building.  The American influence is significant:  there are two -- yes, two -- bridges in Taipei named after General MacArthur, along with a Roosevelt Road and other reminders of the U.S.-Taiwan relationship.

The State of Indiana has a business and trade office in Taipei, ably-led by Jeff Wang, who works under the auspices of the Indiana Economic Development Corporation.  I had the chance to visit with Jeff for a little while during our trip, and he thinks there are many emerging opportunities for mutual investment between Indiana and Taiwanese companies.  We'll be watching those closely. 




Best Business Tax Climate in the Midwest; One of the Best in the Nation

Friday, September 25, 2009 by Ron Gifford
Indiana continues to score well in the Tax Foundation's annual survey of states' business tax climate.  We ranked 12th in the country and best in the Midwest.  Here's a press release issued today by the Indiana Economic Development Corporation:


INDIANAPOLIS
(Sept. 24, 2009) - Indiana's growing national reputation as a great state to do business has received another boost. The state moved up two places in the Tax Foundation's 2010 Business Tax Climate Index for business tax climate. Indiana is 12th overall, up from 14th in 2009, and remains the top state in the Midwest for business tax competitiveness.

The Tax Foundation is a nonpartisan tax research group based in Washington, D.C. 
 
Rankings for other nearby states include Michigan 17th; Kentucky 20th; Illinois 30th; Wisconsin 42nd; Minnesota 43rd; Iowa 46th; and Ohio 47th. In its seventh year of publication, the report measures five indexes of states' business tax competitiveness including property tax rates, sales tax, individual tax, corporate tax and unemployment insurance taxes.  The Tax Foundation presents the Index annually as a tool for lawmakers, businesses and individuals to gauge how their states' tax systems compare.


"While other states are imposing tax increases to cover budget shortfalls, Indiana's solid fiscal house and competitive tax environment have earned us national attention as a frontrunner for new jobs and investment," said Mitch Roob, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.  "While there is still much work to be done, Governor Daniels' focus on job creation and economic development continues to pay off, even during a time of national recession."
 
The Tax Foundation study is the latest in a series of national accolades the state has scored in economic development.  In March, Chief Executive magazine found the Hoosier state to be the best place to do business in the Midwest and among the top 11 states nationwide for business, according to feedback from more than 500 businesspersons and published in its annual "Best & Worst States" survey.
 
The Tax Foundation's full report is available at www.taxfoundation.org .
 

Packing the Essentials for a Trade Mission

Tuesday, September 22, 2009 by Kristie McKillip

For anyone who travels frequently, you know there is a fair amount of strategizing when it comes to packing a suitcase. You don't want to pack too much, but you don't want to be left without your essentials. I think we all have our little traveling essentials, right? For me, especially when I travel to Europe, it is my comfy little black flats that go with any suit or outfit. I'm always running to my next appointment or trying to catch a train or a plane. Believe me, it is absolutely essential to have a great pair of shoes. I also have this great suit jacket that goes with anything - dress slacks, jeans - it's very versatile.

As you can probably tell by now, I take packing very seriously. Packing smart and thinking ahead means you're prepared (even for the unexpected). In fact, when I think about it, I have really been packing for this trip since mid-June (or really since last fall). Okay, so now you're really thinking I'm high maintenance! No, what I'm referring to is all of the planning and strategizing that has taken place up until now - all of the activities that go on BEFORE I pack my suitcase.

So I thought my first blog about this trip would be dedicated to the essentials. It is also a tiny peek into the process that we go through in preparing (or packing for) a business development mission.

1.)  Let your strengths be your guide.

Our primary strengths include our location, cost of doing business and workforce (among other strengths). Workforce is probably the most important. I always tell people that in Indiana, we make things and we make them well. Whether it's pharmaceuticals, vehicle engines or batteries, we have the manufacturing talent here that enables companies to be extremely competitive in the marketplace. So, we started with our strengths. Southern Germany is known around the world for its manufacturing base. The two German States of Baden-Wurttemberg and Bavaria (which basically make up all of southern Germany) are where Germany's major manufacturers are located -- including Daimler Benz, BSH Bosch, Siemens, BMW and EADS. High-tech companies account for nearly 60 percent of manufacturing employment in Bavaria alone. Though there are many large, global companies in this region, there are also a lot of small to mediums sized manufacturers that have not yet made investments in the U.S., or they may have a small sales presence only. These are the companies we want to engage.

2.)  Do your homework.

After evaluating our strengths and applying that value chain to a specific region, I then turn to our research staff. Our research department at Indy Partnership has several databases they subscribe to that track and compile data on companies around the globe. Their sources for a company's revenue growth, employment, recent investments and other important details coupled with their data analysis help me to develop a quality prospect list.

3.)  Leverage all resources and partners assets.

Partners are critical. Our targets and search criteria are less effective if we don't seek input and cooperation from other partners engaged in the similar activities with the similar goals. When working in Germany (or anywhere else outside of the U.S.), it is important to engage our state of Indiana partners with the Indiana Economic Development Corporation. Through their international office in Berlin, Germany, IEDC officials help us with outreach and securing meetings abroad. They also give us important, on-the-ground feedback about our targets. In addition to our resources at IEDC, we reach out to the private sector (our investors, stakeholders, existing industry base) and our world renowned universities who are also engaged with global players and global initiatives.

4.)  Bring something valuable to the table.

At the Indy Partnership, we like to pride ourselves on providing not just good information, but information customized to our customers and their needs.  This requires us to know a lot about our customers before we even walk into meetings. It requires us to find the messages and information that are specific and will be most important and compelling to our target clients. It also requires us to be good listeners and follow up in a timely fashion.

Any business development trip, whether it be domestic or abroad takes a lot of preparation and a lot of hard work. It is a continual process that you have to keep building upon.

European Trade Mission Essentials:
 

  • Comfy black flats - $40;
  • Stylish, Versatile Suit Jacket - $120;
  • Flying to Germany with the peace of mind that you're prepared and ready to meet your customers - Priceless

FOLLOW ME IN GERMANY ON TWITTER


And here's a fun picture I found when I did a simple Google images search for "packing suitcase." Some things simply MUST be shared!