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

Last week, the new Indianapolis International Airport opened for business. The $1.1 billion project is the largest development initiative in the City of Indianapolis’s history.

The world’s new gateway to the city is just a 16-mile non-stop drive from downtown. It is served by 10 major and 19 national/regional passenger airlines and has the nation’s second largest Federal Express hub.

The Indianapolis International Airport ranks as the eighth busiest cargo airport in the United States and the 20th largest in the world.



The new facility includes:

--A new, 1.2 million-square-foot, 40-gate terminal building featuring outstanding architecture, the ability to accept international arrivals, enhanced retail and dining opportunities and the capacity to handle growth from the airport’s current 8.2 million annual passengers.

--A new, five-story parking garage that can accommodate 5,900 cars and 1,200 rental cars.

--More than 17,000 parking spaces, including the garage and surface lots.

--Direct access from Interstate 70 just west of Interstate 465.

--The FedEx expansion will increase package processing capacity more than 30 percent, from 75,000 packages per hour to 99,000 packages per hour, at the second-largest domestic FedEx Express hub behind Memphis.

--The additional capacity is needed to meet forecast long-term package-volume growth, particularly for international shipments. FedEx operates international flights from Indianapolis to Europe, Asia and Canada.

--The expansion includes a 400,000 square foot expansion to the hub's existing sort facility and construction of a 175,000 square foot secondary sort building.

--Two maintenance buildings — including a 40,000 square-foot facility for aircraft maintenance and an 8,000 square-foot facility for ground support equipment — will push total hub growth by more than 600,000 square feet.

From an economic development perspective, the new Indianapolis International Airport is obviously of great benefit to the Indianapolis Region and its business clusters such as advanced manufacturing and transportation logistics. But its also beneficial to the other business clusters, such as life sciences, technology and motorsports because of the expansion of the FedEx hub (which is already the second largest in the world) and the improved ease of both commercial transport and consumer travel.

A few photos of the new Indianapolis International Airport provided by Rob Banayote of Banayote Photography (www.banayote.com):


















































Visit http://www.indianapolisairport.com/ to learn more.

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

By: Nathan Feltman - Secretary of Commerce and President, Indiana Economic Development Corporation

as seen on Inside Indiana Business



Intellectual capital, public support, academic partnerships, workforce excellence, and business and industry collaborations are the driving Indiana's life sciences industry. As a center of innovation in the life sciences, pharmaceutical and medical device industries for more than a century, the Hoosier state is home to the second-highest concentration of biopharmaceutical jobs in the nation and the fifth largest pharmaceutical industry in the country.

Indiana's life sciences growth continues to accelerate. Witness the recent doubling of work force in nearby clinical laboratories, like AIT Labs and DCL Laboratories, along with the doubling in size of contract biotech manufacturer Cook Pharmica in Bloomington. Consider the thousands of new life sciences jobs that are coming to Indiana after Gov. Mitch Daniels' direction to the Indiana Economic Development Corporation to aggressively seek new job-creating investment in the life sciences to further strengthen and diversify the Hoosier economy. Those efforts have resulted in thousands of new job commitments from companies such as Medco (1,300 new jobs), Arcadia (300 new jobs), Precision Rx (1,200 new jobs) and Beckman Coulter (275 new jobs).

And while the large global companies capture the headlines, the state and BioCrossroads are ensuring the big life sciences companies of tomorrow are incubated and grown in Indiana with the help of seed capital from the state's 21st Century Research and Technology Fund along with BioCrossroads' Seed Fund. Together, these funds have provided seed capital for promising companies like Schwartz BioMedical, Kylin Therapeutics, QuadraSpec and ImmuneWorks, keeping these companies, their technologies and the promise of new high-wage jobs here.

By any measure, when it comes to life sciences and the growth of this highly desirable sector of high-skill, high-value, high-promise jobs and great companies, Indiana is winning. This is competition at its most intense, and we're playing to win.

To deliver that success we must continue to focus on strengthening the ties between innovations developed at our colleges and universities and businesses who can transform those innovations into life-changing and life-saving products and services. We must also ensure that we continue to offer the low-cost, pro-business environment – including low utility costs, workers' compensation and unemployment insurance rates – that has become a hallmark of the Hoosier state.

As our economy faces new challenges with increasing gas prices and tightening credit markets, we must continue steadfast in our effort to strengthen and diversify Indiana's economy in part by building upon our great successes in the life sciences. The high-skilled, high-wage jobs of this industry hold great promise for our state, and together I know we can realize the opportunity that has yet to fully unfold for Hoosiers in this exciting industry.

Nathan Feltman is Indiana Secretary of Commerce&President of the Indiana Economic Development Corporation.

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.

As seen on IBJ Daily



Cooper Tire & Rubber Co., the Findlay, Ohio, tire manufacturer, plans to move a warehouse operation to Franklin from Dayton, Ohio. The 808,500-square-foot building will be located in Franklin Tech Park near Interstate 65, and open in 2011 with 60 workers, according to the Daily Journal of Franklin. Cooper has asked for $275,000 in local tax breaks and $469,000 in state incentives.

This story was published on July 3, 2008.

But what you might not know is the role that The Indy Partnership played in helping Cooper Tire arrive at its decision to relocate its distribution center to Franklin, Ind. in Johnson County.

The Indy Partnership first began working with the site consultants representing Cooper Tire as early as late-summer 2007, almost an entire year prior to today's announcement. The Partnership provided custom labor demographics and detailed information about available buildings and sites throughout the 10-county Indianapolis Region. The Indy Partnership business development and research teams continued to provide information and other support services to Cooper Tire's site consultants during their year-long decision-making process.

The end result? New construction and 60 jobs join the growing and thriving transportation, distribution and logistics industry in the Indianapolis Region.

According to a fact sheet released by Cooper Tire, the company conducted an analysis that indicated relocating to the Indianapolis Region would save Cooper Tire money and allow for improved customer service. 

About Cooper Tire & Rubber Company
Cooper Tire & Rubber Company is a global company that specializes in the design, manufacture, marketing and sales of passenger car, light truck, medium truck tires and subsidiaries that specialize in motorcycle and racing tires. With headquarters in Findlay, Ohio, Cooper Tire has manufacturing, sales, distribution, technical and design facilities within its family of companies located in 10 countries around the world.  For more information, visit Cooper Tire's web site at: www.coopertire.com.

By: Ron Gifford - President & CEO, The Indy Partnership

In winning the right to host the 2012 Super Bowl, Indianapolis beat out some tough competition: Houston and Phoenix had both hosted the game before, and both offered the promise of sunny weather and plenty of financial incentives for the NFL.

As seen on Inside Indiana Business with Gerry Dick



Despite these advantages, the Indianapolis region scored a victory with a shrewd and aggressive strategy, selling three decades of experience and investment that has made our region uniquely suited to host major championship events.

Now take this three-city contest and expand it to include every metropolitan area in America – and in some cases, around the world. That’s economic development today, a dog-eat-dog competition for new jobs. In this battle, Indianapolis has built a similarly focused approach – combining our geographic advantages and competitive business climate with strengths in industries like the life sciences, advanced manufacturing, logistics, technology and motorsports.

As a football fan, I was happy to hear that Indianapolis landed the big game. But I’m even more excited about this event in my day job as the head of our regional economic development effort. I’m confident that winning the Super Bowl will help us score more victories in the broader competition for business opportunities.

First, there’s the marketing value. The Super Bowl will bring many of the nation’s most influential corporate executives to Indianapolis – a first-time visit for several of them. Why does this matter? Well, we see this phenomenon time and time again: We’ll host someone who’s never been here, and typically they don’t have much of an impression of the region. And then they get to experience first-hand all that our city has to offer, and they are uniformly blown away. “I had no idea what a great city this is,” is a common refrain. Almost nobody moves their company on the spot, but this exposure certainly builds relationships and lays the groundwork for future business relocations or expansions.

Showing our region at its best to the audience of millions who tune in for the game also provides an invaluable brand-building opportunity. My organization, the Indy Partnership, is a consortium of local economic development organizations from ten counties tasked with marketing the region. Funded by private investment, we engage in a program of advertising, public relations, tradeshow participation and personal outreach to site selection consultants and business leaders.

Our efforts have borne success; 2007, for example, saw relocation, expansion and retention projects committed to create nearly 13,500 new jobs and bring new capital investment of $1.36 billion to the region. We’ve won these competitions despite the fact that our leading competitors spend millions on mass advertising to shape public awareness. The Super Bowl erases much of this advantage, bringing a wave of publicity so significant it would be impossible to buy…and if the city manages the event with its typical aplomb and hospitality, the boost to Indianapolis’ image will give us a solid new foundation to build upon.

There’s also the race for human capital. Dynamic economies are fueled by concentrations of talented people – the regions with the most educated workforces also tend to rank high in per capita income and job growth. Today, the Indianapolis metropolitan area ranks above the national average in college graduates as a percentage of the adult population. But this position is threatened by a ‘brain drain’ that sees too many of our young people leave the state after earning their degrees.

To thrive in the knowledge-based economy, we have to attract and retain more educated workers – Richard Florida’s ‘creative class.’ We can’t offer mountains, beaches, or year-round golf weather to entice tomorrow’s workforce. But a steady diet of world-class sports and cultural amenities, with the excitement that comes with hosting high-visibility events like the Super Bowl, helps put Indianapolis on the map as a great place to live, start a career and raise a family.

The Super Bowl will certainly provide a short-term bonanza for our region’s economy, with more than $120 million in direct spending of the course of game week. But the long-term ramifications are even more powerful: If we take full advantage of this opportunity, we’ll be more than just a destination for football fans in four years – we’ll be further down the road towards being a prime destination for capital, new job opportunities and top talent.

BLOOMINGTON, Ind.  (May 12, 2008) – The Bloomington Economic Development Corporation (BEDC) announced today that Jeremy Sowders has been appointed Vice President, Business Development.  Sowders joined the BEDC May 12. 

 

“I am very happy that Jeremy has joined our team,” said Ron Walker, President of the BEDC.  “Jeremy understands our community well, and his experience as part of the Indiana Economic Development Corporation's three consecutive years of record breaking job commitments make him an asset that we're certain will allow us to recruit and retain new job-creating investment to our community," Walker said.     

 

Since 2005, Sowders has served as a Project Manager for the Indiana Economic Development Corporation (IEDC), the State of Indiana’s lead economic development agency.  Sowders was focused on business development and retention activities in central and south central Indiana and already has a working relationship with numerous regional employers, the City of Bloomington and Monroe County.  Prior to working with business development and recruitment, Sowders worked in the Office of Domestic and International Recruitment with the Indiana Department of Commerce, before it was dissolved and replaced with the IEDC.

 

“I’m thrilled to begin focusing my economic development work in the Bloomington and Monroe County community,” said Sowders during his first day at the BEDC.  “The BEDC’s progressive approach and mission really resonate with me and I look forward to helping the organization improve job opportunities and enhance the economic vitality of south central Indiana,” stated Sowders. 

 

"Jeremy's experience in economic development will continue to serve Indiana well as he transitions into his new role in Bloomington," said Nathan Feltman, Secretary of Commerce and chief executive officer of the Indiana Economic Development Corporation.  "With a growing life sciences community that includes recent announcements from companies like Cook and BioConvergence, Bloomington has been a significant contributor to our continued economic comeback, and I look forward to more great success stories from the community in the coming months."

 

As Vice President, Business Development, Sowders will assist in the implementation of the BEDC’s economic development efforts, including the Bloomington Life Sciences Partnership, creation of the Bloomington Technology Partnership, business retention and expansion services and product development. 

 

“Jeremy will strengthen all aspects of the BEDC,” stated Lynn Coyne, 2008 Chair of the BEDC.  “His existing knowledge of the regional economy combined with his natural ability to work with a variety of stakeholders makes him an ideal fit for the organization and for the Bloomington and Monroe County community,” expressed Coyne.

 

Originally from southern Indiana, Sowders graduated from IU Bloomington in 2003.  Since 2005 Sowders has served on the Board of Directors for the Indiana University Alumni Association’s Central Indiana Chapter, including serving as Chairman for Young Alumni Recruitment.  Additionally, he is a member of the Presidents’ Roundtable of Indy Hub and is a volunteer with the Cystic Fibrosis Foundation. 

 

About the BEDC
The BEDC is a not-for-profit, public-private partnership dedicated to the retention, development and attraction of quality jobs in Monroe County.  The BEDC is led by a partnership of private industry leaders, the City of Bloomington, Monroe County, Indiana University and Ivy Tech Community College – Bloomington.  For more information please visit www.comparebloomington.us.

Former U.S. Secretary of Transportation, Norman Mineta and other key experts from around the country will converge to Indiana on September 25-26 to speak about large-scale regional development strategies that will focus on expanding the competitive advantages of Indiana's transportation, distribution and logistics industry.

Indiana is described as the "Crossroads of America" because of several major highways that converge to the Indianapolis area.  The summit, which will be at the Indianapolis Marriott Downtown, 350 W. Maryland St., will examine ways to take advantage of this convergence to spur economic growth in central Indiana.

See the entire story at INside Indiana Business

Indiana has 18 certified technology parks and the average employee there earns $5,000 to $15,000 more than the average employee working at an indiana company.

 So whats the deal with this?

Because Indiana is emerging as a center for information technology companies in the midwest; technology parks have become a popular option to allocate and distribute products and resources efficiently, resulting in increased profit.  This allows technology companies to offer better paying salaries to their employees.

Read the full story at INside Indiana Business:

http://www.insideindianabusiness.com/incubate-indiana-vital-stats.asp