Work has officially begun on Indiana University's new Pervasive Technology Institute in Bloomington, Ind., and it's a good thing because the school's Emerging Technologies Center located in Indianapolis is already 98 percent full!

Two sister workforce and industry development organizations that, like the Indy Partnership, are private non-profit initiatives of the Central Indiana Corporate Partnership, are intimately involved with Indiana University's economic development efforts. Both BioCrossroads and TechPoint were mentioned in a press release about the new institute as key contributors to "progress in establishing Indiana as a nationally recognized hub of innovation."

The Pervasive Technology Institute is expected to have a significant impact on connecting, accelerating and promulgating technology and life sciences startup companies within the state of Indiana. In addition to the new facility in Bloomington, the Pervasive Technology Institute will also have a facility on the campus of Indiana University Purdue University Indianapolis (IUPUI) close to the existing Emerging Technologies Center. All of these higher education and business incubator resources are located within the 10-county Indianapolis region.

"There is no denying that the Indianapolis Region boasts some of the most active higher education institutions in the nation when it comes to tech transfer and commercializing the research and development efforts of our universities," said Ron Gifford, president and CEO of the Indy Partnership. "Indiana, particularly the Indianapolis Region, is becoming more well known for its tech-based business clusters including advanced manufacturing, information technology and life sciences."

Ron Walker, president of the Bloomington Economic Development Corporation, said "Bloomington already has six times the national average in life sciences employees and we are a national leader in technology due to e-learning, Bioinformatics, homeland security, Department of Defense and the world’s first School of Informatics. We are thrilled to include the new Pervasive Technology Institute on the roster of economic development assets that make our city so appealing for new jobs and investment."

Learn more about the Indiana University Pervasive Technology Institute.

Read media coverage.

Posted by the Indy Partnership Staff

Inaugural Real Estate Trends in Indiana Report to be released at "Emerging Trends in Real Estate" event on Nov. 18

The ups and downs and areas of opportunity within the real estate industry have great impact on economic development here in the 10-county Indianapolis Region and across the nation. As critical as superb transportation, distribution and logistics infrastructure as well as world-class workforces are, real estate issues can make or break a business relocation or expansion project.

"It is the combination of our assets that gives the Indianapolis Region its competitive advantage over the coasts and neighboring states,” said Ron Gifford, president and CEO of the Indy Partnership. “Having better access to rail service and interstates wouldn’t do us much good if our real estate rental rates were three or four times higher like they are in California and Florida, for example.

“That’s why we are supporting the Urban Land Institute Indiana as a sponsor of its upcoming ‘Emerging Trends in Real Estate’ event and why we are particularly eager to see its Real Estate Trends in Indiana Report become a successful annual resource.”

According to Area Development magazine’s 2007 Annual Corporate Survey, real estate issues were said to be “important” and “very important” by between 79 percent and 89 percent of all respondents when ranking their expansion and relocation priorities. These issues range from availability of buildings and land, construction costs, “fast-track” permitting, energy considerations and residential housing availability and costs. In fact, real estate issues account for three of the top five site selection factors tracked by the survey.

According to Matt Waldo, director of research for the Indy Partnership, the Indianapolis metropolitan area ranks as the “second most affordable” among 46 major metro areas for industrial warehouse rental rates (based on 2008 Mid-Year Market Report data from Cushman&Wakefield) and is highly competitive in Class A and Class B office space.

“The Indy Partnership was directly involved in the decision making process for seven of the 10 largest real estate lease transactions in Indianapolis from the middle of 2007 through the middle of 2008, and I can tell you with the highest degree of certainty that understanding the real estate trends in the Indianapolis Region as they relate to the nation was critical to making the argument to create jobs and invest here. The Urban Land Institute Indiana’s report will enhance our ability to continue this track record of success for our region,” Waldo said.

Learn more about the "Emerging Trends in Real Estate" event .

IU, Purdue use YouTube spot to highlight Indiana Innovation Alliance



BLOOMINGTON, Ind. -- Indiana University and Purdue University may be oil and water when it comes to athletics, but thanks to the Indiana Innovation Alliance, an effort to foster life sciences research and partnerships throughout Indiana, they're more like . . . Indiana corn and butter. Persimmons and pudding. YouTube and viral marketing.

A new, 30-second YouTube video expresses the partnership in a humorous tone that gets the point across: IU and Purdue are actually working together. The spot hints at a new, research-based collaboration between the two powerhouse universities that will ultimately result in better health and more jobs in the state.

A screen shot from the new IU-Purdue YouTube video to promote the Indiana Innovation Alliance.
Bill Stephan, vice president for engagement at IU, said the video -- which pairs quirky graphics and hand-drawn sketches with a humorous voice over -- is designed to heighten awareness of the Alliance and highlight the collaboration between the two universities. "We're trying to take advantage of emerging communications trends and technology to communicate what we think is an important message to a range of stakeholders," Stephan said.

"The Alliance allows us to optimize the research capacity that exists at both Indiana University and Purdue University in core strategic areas and at the same time, bring an advantage to the state's economic prospects in both the biosciences and life sciences arenas," Stephan said.

In this video, viewers won't be saddled with a lengthy explanation of the Alliance or the life sciences, said Victor L. Lechtenberg, Purdue's vice provost for engagement.

"It is simply meant to create a little buzz about an unprecedented partnership," Lechtenberg said.

The video was created by staff in the IU Office of Public Affairs and Government Relations, with input from Purdue colleagues. Both universities have developed concept papers, presentations, a Q and A, a Web site and a brochure about the Alliance. A series of op-eds are in the works. The YouTube video is a way to get the word out to a diverse audience before rolling out the rest of the public relations campaign.

"We want to convey the message that by Purdue and IU working together, the entire state will benefit," Lechtenberg said. "We have a diverse set of stakeholders in this, from state government, agencies and organizations to business investors to researchers and even to upcoming students and a work force that could benefit. So we're reaching out in many different ways."

The video -- which may be the first in a series -- is a fun, low-budget clip that expresses the essence of the project through humor and the campaign's theme: "Building the Indiana Innovation Alliance, to create better health and more jobs . . . for all of us."

For more information about the Indiana Innovation Alliance, see http://www.indianainnovationalliance.org/index.html.

The Indianapolis Region, a 10-county economic development area in Central Indiana which includes Bloomington, Ind., provides incredible value to its residents. A study released last week by the Council for Community and Economic Research (C2ER) shows that the quarterly composite cost of living index scores for the Indianapolis MSA and the City of Bloomington are just 90.7% and 91.5% of the national average, respectively.  The composite index score incorporates metrics for housing, groceries, utilities, transportation, healthcare and miscellaneous services. 

"These data are continued positive news for companies considering relocating or expanding in the Indianapolis Region," said Matt Waldo, director of research for the Indy Partnership. "The Indianapolis economic development region offers numerous advantages for advanced manufacturing and logistics, life sciences, technology and motorsports industries among others, and the ability to extend a low cost of living to employees is critical."

The scores for each of the cost categories for Indianapolis and Bloomington, may be found on The Indy Partnership web site at

http://www.iredp.com/reportInterface/iw_p1.aspx?fsheet=qol&county=indianapolis%20region

EnerDel Batteries will Power Hybrid, Electric Cars:

INDIANAPOLIS (Aug. 21, 2008) - Governor Mitch Daniels joined executives from lithium-ion battery developer EnerDel today to announce plans to locate the company's new global manufacturing and development operations here, a move that is expected to create more than 850 new jobs across the state through 2012.

The developer of lithium-ion batteries for hybrid, plug-in electric and electric vehicles will expand its Indianapolis research and cell production center, build and equip a battery pack assembly center in nearby Noblesville, and locate a full-scale manufacturing operation at a still to be selected location in the Hoosier state.

"Eight hundred fifty jobs of any kind is great news. When those jobs are in a technology of tomorrow, like electric cars, it offers the prospect of even bigger news to follow. Indiana has what it takes to lead this automotive revolution and today is step one," said Daniels.

Part of Ener1, Inc., (AMEX: HEV), EnerDel currently operates a 92-person production facility on the northeast side of Indianapolis and plans to begin hiring additional engineers, production associates and administrative staff later this year.

EnerDel, founded in 2004, develops lithium-ion batteries for automotive manufacturers that are lighter, occupy less space, provide more power and have a longer life than the nickel metal hydride batteries found in today's hybrid vehicles.

"Indiana is the heart of America's manufacturing might, and a linchpin in the automotive industry. There is no better place to invest in the clean, green, energy efficient technology we need to power today's global economy," said Ulrik Grape, president and chief executive officer of EnerDel. "Indiana's educated, experienced workforce is second to none, and the enthusiastic commitment we have received from Governor Daniels and other leaders is absolutely unparalleled. We couldn't be happier to call this our home."

The Indiana Economic Development Corporation offered EnerDel up to $7.125 million in performance-based tax credits and up to $58,000 in training grants based on the company's job creation plans. The cities of Indianapolis and Noblesville will consider property tax abatement at the request of the Indy Partnership. The company will also seek local incentive offers from Indiana communities for the third manufacturing location.

"There is no doubt that EnerDel is a leader in advanced manufacturing, and we are fortunate that their new global manufacturing and development operations will be located here in Marion County," said Indianapolis Mayor Greg Ballard. "They are not only bringing great jobs and investment to our county, but they are serving as a sign that Marion County is a great home for the future of manufacturing."

"We are honored and excited that a growing and innovative company like EnerDel has chosen to expand its operations to the city of Noblesville," said Noblesville Mayor John Ditslear. "What a fine testament to the talented, hard-working people of this city and the business-friendly environment our economic development team has worked so hard to create. We look forward to working with EnerDel and to potential future development with them," said Noblesville Mayor John Ditslear.

"The lithium-ion battery will revolutionize the hybrid and electric car industry and will make it a reality for the mass market in the very near term," Grape said. "EnerDel has a unique lithium-ion chemistry and advanced battery system that provides the safest and most economical energy solution for automotive applications."

EnerDel is presently the only manufacturer producing lithium-ion batteries in the U.S. for the automotive market. The company recently received the prestigious R&D 100 award for excellence in its technology and uniquely innovative design. The award is shared by EnerDel and its partners at the Argonne National Laboratory.

EnerDel is a participant in U.S. Advanced Battery Consortium, a collaborative research effort between the U.S. Department of Energy, Chrysler, Ford and General Motors, aimed at developing hybrid and plug-in hybrid electric vehicle batteries that will enable mass production for electric drive vehicles.

A true trip to the past is what Conner Prairie can offer to all those who are able to visit the farm that is located just northeast of Indianapolis.  This cultural attraction has the honor of being featured in a historically renown Smithsonian magazine.  This provides more national recognition of the Indianapolis region which is a wonderful aid in economic development.

The May issue of the monthly magazine features a four-page article on Conner Prairie, the living history museum in Hamilton County.

“We were thrilled to get a call from the magazine last year saying they were sending a reporter,” said Ellen Rosenthal, president of Conner Prairie.  “But now that the story is out and Conner Prairie is featured so prominently and in such a positive light, we’re even more pleased.  Our members who subscribe to the magazine received it first and called with words of congratulations.”

Smithsonian has a circulation of 2 million and is published by the Smithsonian Institution in Washington, D.C.

The last time Smithsonian covered anything local was 1987, when Indianapolis hosted the Pan Am Games and the magazine ran a major piece on the city’s downtown revitalization and use of sports as an economic development tool. What brought Smithsonian back to Central Indiana? An “accessible route to time travel,” Webster said in his article, which acknowledged the more than 200,000 visitors that visit Conner Prairie annually, from April to October.

“Each year, as we consider ideas for inclusion in our annual Destination America features, we search for stories with substantial range,” said Smithsonian Senior Editor Kathleen Burke. “Conner Prairie – with its unique regional identity, sense of place, commitment to preserving our American heritage and imaginative re-creation of several chapters in American history – constituted a perfect choice for Smithsonian.”

“Conner Prairie is a cultural leader not only in Central Indiana but in the country,” said Brenda Myers, executive director of the Hamilton County Convention and Visitors Bureau.  “Recognition like a Smithsonian article not only helps Conner Prairie, it enhances the positive reputation of the entire Central Indiana region.”

Click here for a link to the article.  http://www.smithsonianmag.com/travel/da-frontier.html

Conner Prairie’s historic areas opened for the 2008 season on April 1.  While many peer institutions across the country continue to experience attendance declines, Conner Prairie is witnessing gains.  In 2007, the museum experienced a dramatic 21 percent increase in general admission attendance and the highest membership levels in Conner Prairie’s history.

Visit www.connerprairie.orgfor more information.

Toyota Industries Corp. and its subsidiary, Nishina Industrial Co. Ltd., liked what they saw in Franklin when choosing the location of their first joint operation in American.  The two Japanese companies established Indiana Hydraulic Equipment Corp., a 58,000-square-foot manufacturing plant in Franklin Business Park. Indiana Hydraulic will supply hydraulic components for Toyota Industrial Equipment Manufacturing.  The plant will open this May with a total capital investment of $12 million.

Nestle made a big splash in Johnson County when the company decided to locate its new bottled water production plant in Greenwood. A leading producer of bottled water, Nestle Waters North America Inc. looked at a number of other locations both in Indiana and out of state before selecting the Precedent South Business Park in Greenwood. Nestle will invest $32 million in this project. The company will make one million bottles per day of Nestle(trade mark here) Pure Life brand bottled water when it opens this year.

Johnson County also proved to be appealing for a new headquarters operation.  Compass Automotive Group will locate in Franklin as part of a consolidation and expansion project involving two of its subsidiary companies. The two subsidiaries are Casting Technologies Corp (CTC), an aluminum squeeze caster and Magnesium Aluminum Corp (MAC), a die cast manufacturer of highly engineered aluminum and magnesium components. Compass will combine the product lines, manufacturing excellence and quality systems and MAC and CTC will provide components to car makers and Tier 1 auto suppliers. The total capital investment for this merger is $4.8 million.