WEBVTT

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I keep telling my fellow
conservatives, uh, it's important

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that we focus on what we're for
before we focus on who we're for.

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This week, former vice president and
Indiana governor Mike Pence in studio.

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His new book on what conservatives
believe, his relationship with President

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Trump, and views on Indiana's future.

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And just across the Indiana
border, a South Bend company in

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the spotlight for its connection
to the Obama Presidential Center.

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If you actually raise their head
to the sky like this, their bottom

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jaw tends to drop a little bit.

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Pet parents can now have Purdue vet
expertise in the palm of their hands.

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The school launching an app
to help pets and their humans.

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And flying high.

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Support is building for Fort Wayne
as the new home for two fighter jet

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units, and a boost for national defense
and the Northeast Indiana economy.

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Inside Indiana Business is next.

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From Indiana's business news leader,
this is IBJ Media's Inside Indiana

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Business with Gerry Dick, presented by
Elevate Ventures, Indiana University,

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and the Indiana Association of Realtors.

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Hello, and welcome to
Inside Indiana Business.

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I'm Gerry Dick.

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We have a special guest with us on this
week's show, former vice president,

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Indiana governor, and United States
congressman Mike Pence in studio to

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talk about his new book, his time
in the White House, and why he's

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still bullish on the Indiana economy.

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You'd have to ask him
why he tapped me in 2016.

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But I always had the impression that
Indiana had a lot to do with it.

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Um, you know, I think he had a lot
of respect for my, uh, conservative

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principles and my values.

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But, uh, but, but, uh, the candidate
Donald Trump, uh, uh, during our campaign

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in 2016 was constantly peppering me
with, "How did you do that in Indiana?"

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We recorded, uh, that, uh, interview
with former Vice President, uh,

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uh, Mike Pence just days ago for
our Business and Beyond podcast.

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Now he joins us in studio
for more conversation.

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And Mr. Vice President,
thanks for joining us.

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Thank you, Gerry.

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Good to be home.

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Yeah.

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Uh, uh, have some questions
from, uh, folks around the state

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that we'll get to in a moment.

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Great.

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I wanna talk about your new book, What
Conservatives Believe, uh, as well.

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But first, in breaking news this
week, with the, uh, uh, US-Iran deal,

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the memorandum of understanding, uh,
that would potentially end the war.

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Your take, is it a good deal?

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Well f- first I think, uh, it's
important to say that, uh, uh, President

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Donald Trump has done more to degrade
the Iranian threat- Uh, by military

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strikes last year and this year in
Operation Epic Fury than any American

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president, uh, in the modern era.

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But now that the memorandum,
uh, of understanding is

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signed, I, I, I have concerns.

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Uh, I think from this point forward,
uh, and we've lifted sanctions,

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uh, from, um, uh, the outset here.

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There's a possibility of $100 billion in
Iranian funds being unfrozen, another 300

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billion that the US commits to arrange.

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I just think we've got to ensure that
at the end of this negotiation, not only

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have we ended hostilities and restored
freedom of navigation in the Strait of

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Hormuz, but I think we have to demand,
uh, the full and verifiable dismantling,

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uh, of the nuclear program, uh, that
Iran has pursued for decades, the

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dismantling of their offensive ballistic
missile capabilities, and, and, and a

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final and complete end to the support of
terrorist organizations across the region.

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We accomplish that, uh,
this will be historic.

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We fail to do that, this will be one more
version of the kind of appeasement, uh,

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that frankly has failed through the years.

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All right.

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You're on a book tour now,
What Conservatives Believe.

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Uh, why write this book now?

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I know we talked, uh, a few days ago.

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You believe your party, the Republican
Party, is at an inflection point.

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Uh, I, I do.

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In fact, I think both parties
are to some extent, Gerry.

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When we see that playing out, uh, in
Indiana and, uh, frankly a- across the

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country, I think… Look, I, I joined
the Republican Party after growing

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up, uh, active in the Democratic
Party down in Columbus, Indiana.

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Um, but I joined the Republican
Party because of the principles

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that Ronald Reagan articulated, a
strong defense, limited government,

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traditional moral values.

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Uh, that's defined the Republican
Party, uh, for the last 50 years.

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Uh, but there's, um, th-
there's been two changes.

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While our contest politically was
always against a traditional liberal

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Democratic Party, now the Democratic
Party is dominated by voices on the

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progressive left, uh, voices that openly
advocate socialist policies, socialist

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candidates, and that's a very real change.

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But I wrote the book, uh, because there's
another change coming from, uh, what I

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call the populous right, uh, that would,
uh, question America's role as leader

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of the free world, uh, would introduce
big government solutions, economic

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policies far afield from the free market
values and free trade principles of

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the Republican Party, and marginalizing
values like the right to life.

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So I, I wanted to write this book to
really start a debate, uh, in '26.

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And, uh, as we look at 2028, I think
it'll be more important for people in

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our party to focus o- on what we're
for before we focus on who we're for.

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As you look at those conservative, uh,
principles, uh, limited government,

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fiscal restraint, there are those, uh,
who, who push back, uh, in this current

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political environment, especially things
like student debt, that young voters

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maybe, uh, it's a tough sell for them.

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Sure.

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We talked with a DePauw
University student.

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He's got a question for you Right here.

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Mr. Vice President, your book
makes the case for economic

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freedom over government solutions.

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What is the free market path to making
college more affordable for my generation?

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Well, I think it's, I think it's
a really wonderful question.

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Um, and I wa- I wanna congratulate that
student for taking a look at my book.

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Um, what, what I'd say is that, uh,
the, the, what's made America the most

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prosperous nation in the history of
the world has been economic freedom.

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Uh, and having three kids all
now out of college and, um, uh,

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student loans- … mostly paid for.

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Uh, I know for them the most important
thing is a good paying job when they

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come out of school, and making sure that
we have the kind of economic policies,

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uh, that will promote investment here
in Indiana and across the country, uh,

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and create jobs and opportunities for
our graduates, I think, uh, is key.

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But also, I think, uh, creating
diversity and educational opportunities.

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In the book I have a whole, uh,
chapter on educational choice.

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Indiana's been a national
leader in expanding educational

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opportunities for young people.

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So whether it's K through 12,
whether it's higher education,

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whether it's post-secondary technical
education, increasing those choices

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is a pathway toward the future.

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More freedom- Yeah … more education
freedom, more economic freedom,

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will mean more opportunities.

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Do wanna talk more about Indiana after
the break as we continue our conversation

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with former Vice President Mike Pence.

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A lot more ground to cover, uh, including
his take on manufacturing in Indiana.

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We'll be right back.

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Kyle, what have you been up to?

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Oh,

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you

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know.

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Oh, I see it's not flossing.

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Oh.

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I just added some secret
weapons to my toolkit.

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Yeah?

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They help me drill down further.

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Oh.

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Digging deeper than I ever could before.

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Into my business and personal
finances with Lake City Bank Digital.

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Oh, yeah, totally.

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Now let's take care of that tooth.

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Add sharper tools for your money
with Lake City Bank Digital.

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You are all set, Brian.

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I'm Devin.

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And welcome back to Inside Indiana
Business as we continue our

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conversation with former vice president
and Indiana governor, Mike Pence.

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And Governor, before we get to some
Indiana economy questions, um, y-

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your take on, on President Trump.

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You don't disagree with
everything he's doing.

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You agree with some things, disagree.

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Uh, what's your relationship with him now?

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Well, uh, uh, look, I, I think the new
Trump administration's gotten a lot right.

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Uh, and I say so in my new book.

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Um, we had the worst border
crisis in American history, um,

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under the Biden administration.

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Uh, they've secured the southern
border, um, uh, uh, back with the

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policies we had in effect in our time.

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Extending all those Trump-Pence tax
cuts, uh, in their entirety was critical.

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Uh, and also, as we talked earlier, uh,
I think being willing to take the fight

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directly to Iran, to stand with Israel,
has been, uh, uh, uh, deeply admirable

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and effective for the American people.

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That being said, there've been
some departures, I think, uh, the,

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that, that reflect the influence
of populist right thinking.

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The stops and starts on support
for Ukraine following the

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brutal and unprovoked Russian
invasion four years ago.

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Um, economic policies like broad-based
tariffs that while they, they were turned

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back by the Supreme Court, continue to
be pursued against friend and foe alike.

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Nationalization of American businesses,
which would have been unheard of

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during our administration together.

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Um, price controls on
pharmaceuticals and credit cards.

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These represent departures on, on policies
at home a- and abroad that some on the

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populist right wanna make permanent in the
Republican Party, and it's very much, uh,

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why I wrote What Conservatives Believe.

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I wanna get your take
on the Indiana economy.

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Our state continues to be, uh, very much
driven by the manufacturing economy.

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Have a question from Southeast
Indiana and that, uh, major

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development at River Ridge.

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Mr. Vice President, as we continue to
grow River Ridge Commerce Center as the

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Midwest's premier business park, we aim
to attract high-skill, high-wage jobs

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to support southern Indiana's residents.

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How do you view Indiana's chances in
attracting sustainable manufacturing

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operations that are looking to
relocate back to the United States?

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Uh, Mark, thanks for the question.

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Uh, you know, when I was governor,
I used to love to say, "Here in

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Indiana, we do two things really well.

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Uh, we make things and we grow things,
and we sell them to the country and sell

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them to the world." Uh, and Mark, when
I look back on my time as governor, uh,

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having played some small role in, in the
extraordinary development that you're

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now overseeing at River Ridge, uh, i-
is a great source of pride for me, and

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from New Albany all across south central
Indiana, and frankly, to our neighbors,

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uh, in Kentucky who've also benefited.

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Th- that enormous investment down there
is gonna pay dividends for generations.

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Uh, and, and I think it all proceeds
from the policies of economic freedom,

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less taxes, balanced budgets, uh,
less regulation, creating the right

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conditions, uh, because, uh, uh, we've
seen, we've seen manufacturing part of

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Indiana's past and present, but I think
we've only just begun, uh, in your area

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and, and Gerry, also in the whole area
of life sciences in the days to come.

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Quick take.

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Your reason, main reason for optimism
for the Indiana economy going forward.

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Well, it might be my, my
boundless confidence in Hoosiers.

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I mean, this Indiana I'll always
believe is one of the best places

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in the world to l- to live, to
work, to raise a family and retire.

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Um, but, uh, it's also because we've
really led the way with those common

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sense conservative policies of, of
less government, uh, less taxes, uh,

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educational opportunities, uh, even while
we, we see to it that our communities

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have the need to grow and prosper.

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Indiana knows how to do it right.

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It's like that clip at the beginning
of the show when, when President

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Trump added me to the ticket, uh,
a decade ago, uh, about every other

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conversation was about Indiana, and
I expect it's one of the reasons

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that I made it on the national stage.

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Literally have 15 seconds here,
but, uh, what's next for Mike Pence?

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I know you wanna be, um, uh, a banner
carrier for the conservative movement.

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W- elected office, is that in your future?

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You know, uh, Karen and I like
to say our life is not our own.

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Um, you know, we'll, we'll always go
where we're, where we feel like we're

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led, but, uh, I don't see politics
in my future as much as I see trying

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to be a champion for the common sense
conservative principles that I, I was

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raised to believe in here in Indiana.

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I wanna carry those to our party and
across the country in the days ahead.

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Former Vice President and
Indiana Governor Mike Pence.

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Uh, now that you're back, uh, home
in Indiana, look forward to having

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you on the show in the future as
well, and good luck with the book.

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Thank you, Gerry.

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All right.

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Phil Mickelson.

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Well, Liv Golf is supposed to
tee off in Westfield later this

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summer, but it's not a gimme.

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We'll explain why when Inside
Indiana Business returns.

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Whether you're buying or selling
a home, the stakes are high.

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00:13:45.030 --> 00:13:47.770
Realtors are market experts who
do business by a higher code of

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00:13:47.770 --> 00:13:51.500
ethics, and we're invested in Indiana
because we're also your neighbors.

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00:13:51.860 --> 00:13:53.969
Now, here's the latest
statewide real estate report.

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00:13:54.069 --> 00:13:57.990
Listings grew by 5% year over
year, continuing to outpace sales.

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00:13:58.500 --> 00:14:03.689
Pendings jumped by 30% from February
to March and were up 1% year over year.

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00:14:03.869 --> 00:14:08.849
Sales were similar, up 27% from
February and 1% from last year.

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00:14:09.019 --> 00:14:12.050
Inventory is tightening
but growing year over year.

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00:14:12.119 --> 00:14:14.319
However, inventory growth has slowed.

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00:14:14.420 --> 00:14:18.109
We've been at 13% year over year
growth for the past four months,

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00:14:18.319 --> 00:14:22.110
while growth ranged from 15 to
30% in the two years before that.

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00:14:22.289 --> 00:14:27.159
Prices are up 4% year over year,
$10.000 higher than last March.

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00:14:27.439 --> 00:14:31.479
Days on market fell significantly
and immediate sales are more common.

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00:14:31.670 --> 00:14:33.969
Price drops are falling,
but higher than last year.

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00:14:39.726 --> 00:14:42.519
Type 2 diabetes rising faster
among- Small businesses need help.

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00:14:42.519 --> 00:14:44.186
Alzheimer's cases rising as
population- We need solutions.

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They said it'll never happen.

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It's too hard.

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Nothing will change.

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00:14:56.615 --> 00:14:57.186
Can't compete.

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You'll never solve it.

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And we said, "Watch us."

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Hello, and welcome to
Inside Indiana Business.

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I'm Gerry Dick, coming to you
this week from Northwest Indiana.

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Jeffersonville.

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Muncie.

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South Bend.

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In downtown Evansville.

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Terre Haute.

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Fort Wayne.

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Richmond.

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From one of the state's
key entrepreneurial and

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innovation hubs, 16tech.

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Inside Indiana Business,
Indiana's business news leader.

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Well, if the Chicago Bears follow
through on their intentions to move

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to Northwest Indiana, it won't be
the first time the region has hosted

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a professional football franchise.

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From 1920 to 1926, Hammond was home to the
Hammond Pros, a charter member of the NFL.

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And as we record our show this week
on June 18, here's where things

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stand with the Bears potentially
building a new stadium in Hammond.

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Hammond Mayor Tom McDermott said
this week, uh, on his podcast, quote,

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00:16:08.657 --> 00:16:12.488
"We're getting closer," meaning an
official deal could happen soon.

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Meanwhile, Illinois Governor JB
Pritzker says the Bears need to explain,

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00:16:17.038 --> 00:16:21.157
uh, quote, "What it is they want,"
and he did not rule out a special

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00:16:21.157 --> 00:16:25.747
legislative session this summer to
try to keep the Bears in Illinois.

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00:16:26.197 --> 00:16:30.317
But Illinois State Representative Kam
Buckner said this week, "We cannot have

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00:16:30.318 --> 00:16:34.657
a special session until we have a deal.
You don't call a special session to draw

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00:16:34.657 --> 00:16:39.357
up a plan. You call a special session
to land the plane." Buckner wrote the

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00:16:39.357 --> 00:16:43.597
property tax bill that failed in the
general assembly there, an attempt

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00:16:43.607 --> 00:16:47.797
to convince the Bears to build a new
stadium in Arlington Heights, Illinois.

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00:16:49.087 --> 00:16:53.167
Well, to Indiana State and professional
golf, LIV planning to return to

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00:16:53.168 --> 00:16:55.407
Westfield for a tournament in August.

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But there are questions now
surrounding whether that will happen.

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00:16:59.187 --> 00:17:03.767
LIV's CEO suggesting this week that
there's a chance the last four tournaments

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00:17:03.767 --> 00:17:08.488
on the schedule, Chatham, uh, Hills
being one of them, may not be played

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00:17:08.528 --> 00:17:12.757
due to LIV's Saudi-backed funding
infrastructure planning to go away.

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00:17:14.457 --> 00:17:15.887
This is Matthew Wolf.

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00:17:15.927 --> 00:17:18.247
His second shot at the par-4 12th

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00:17:21.088 --> 00:17:23.727
Missed, uh, some tournaments
recently with a back problem.

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00:17:24.617 --> 00:17:28.298
Plays for Bubbers Range Goats,
and what a start for Matthew Wolf

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00:17:29.548 --> 00:17:33.837
Well, that was 2025 last year when
LIV Golf made its Indiana debut

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00:17:33.838 --> 00:17:35.957
at Chatham Hills in Westfield.

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We reached out to Westfield Mayor
Scott Willis about the situation.

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00:17:39.447 --> 00:17:43.207
His office tells us that at this time
we are proceeding as if the tournament

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00:17:43.257 --> 00:17:45.758
is taking place in August in Westfield.

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00:17:46.207 --> 00:17:49.297
We've not heard from, uh,
anything different from LIV

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00:17:49.308 --> 00:17:50.967
or their organizing partners.

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00:17:51.207 --> 00:17:54.037
The city also says it doesn't
hold a contract with LIV.

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00:17:54.317 --> 00:17:57.477
That is in the hands of Hinke
Development and Chatham.

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00:17:59.207 --> 00:18:03.707
Shifting gears now to this week's Business
of Health, where, uh, we're focusing on

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00:18:03.707 --> 00:18:08.378
a Purdue-inspired app for animals and
more growth for an innovative Indiana

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00:18:08.378 --> 00:18:11.067
company changing how things are delivered.

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00:18:11.507 --> 00:18:14.028
Kylie Valeta here now with
more on those stories.

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00:18:14.028 --> 00:18:14.287
Kylie.

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00:18:14.637 --> 00:18:15.158
Thanks, Gerry.

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00:18:15.158 --> 00:18:19.607
We start this week with Fishers-based
ArriveAI making news, announcing it

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00:18:19.608 --> 00:18:23.597
will expand its project at Hancock
Health Regional Hospital in Greenfield.

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00:18:24.038 --> 00:18:27.627
ArriveAI and Hancock Health
launched an autonomous delivery

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00:18:27.628 --> 00:18:29.277
network at the hospital last year.

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00:18:29.617 --> 00:18:32.058
Its success means it's now on the grow.

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00:18:32.367 --> 00:18:36.308
The robot saves time for staff by
delivering things like medications and lab

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00:18:36.308 --> 00:18:41.407
samples between two high-tech mailboxes
in the hospital called Arrive Points.

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00:18:41.787 --> 00:18:44.957
The expansion is adding a third
Arrive Point, and here's the kicker:

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00:18:45.157 --> 00:18:47.018
it's not inside the hospital.

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00:18:47.247 --> 00:18:50.427
The robot will travel outside
to another building on campus

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00:18:50.427 --> 00:18:51.588
for deliveries and pickups.

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00:18:51.988 --> 00:18:56.237
The company says the original deployment
was the world's first asynchronous

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00:18:56.238 --> 00:19:01.518
delivery, which means a handoff between
robots and mailboxes, no human required.

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00:19:01.967 --> 00:19:05.938
ArriveAI says that asynchronous
or unattended delivery is its

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00:19:05.938 --> 00:19:07.597
sweet spot in the marketplace.

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00:19:09.447 --> 00:19:13.157
When you're doing something
asynchronously, the robot can come on

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00:19:13.157 --> 00:19:17.437
its own cadence, drop an item into an
Arrive Point, send you a notification.

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00:19:17.677 --> 00:19:20.798
You come out at your convenience,
and that allows the robot to

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00:19:20.798 --> 00:19:22.087
go on to its next mission.

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00:19:22.367 --> 00:19:24.927
We call it autonomy
unlocked, and that's the key.

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00:19:25.177 --> 00:19:28.457
You know, everything you're building
toward is only of value when you

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00:19:28.457 --> 00:19:31.448
can unlock that autonomy, and
that's what we do here at ArriveAI.

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00:19:32.777 --> 00:19:36.077
The team is planning the robot's
outdoor route now, and it'll be

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00:19:36.077 --> 00:19:37.647
showtime in about two months.

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00:19:38.107 --> 00:19:41.007
You may also recall ArriveAI
went public last year.

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00:19:41.937 --> 00:19:45.338
Getting your cat to swallow a
pill or clean your dog's ears can

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00:19:45.338 --> 00:19:48.778
be puzzling for pet owners, but
now, thanks to Purdue University

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00:19:48.788 --> 00:19:50.707
innovation, there's an app for that.

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00:19:52.267 --> 00:19:53.547
And then just try and make sure
you get the other toes out of

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the way when you're trimming.

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00:19:54.907 --> 00:19:57.367
Make sure you're away from the
feathers so this rotary tool

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00:19:57.367 --> 00:19:58.587
doesn't grab the feathers.

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00:19:59.197 --> 00:20:02.377
Birds will benefit from the app
created by the experts at Purdue's

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00:20:02.407 --> 00:20:03.707
College of Veterinary Medicine.

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00:20:04.057 --> 00:20:08.418
Called Purdue Vet Med, the app for
Apple devices has videos to teach

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00:20:08.437 --> 00:20:13.268
basic care for dogs, cats, birds,
and even horses at a time when

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00:20:13.268 --> 00:20:14.987
vet care is getting harder to find

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00:20:17.102 --> 00:20:21.512
But we know there are a lot of
shortage areas in Indiana and

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00:20:21.512 --> 00:20:25.662
across the world where we can't
reach everybody with animals.

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00:20:26.132 --> 00:20:34.322
So this makes animal care more accessible
to everybody on, on a global scale.

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00:20:35.321 --> 00:20:38.902
The idea for the app came about
when students started using extended

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00:20:38.922 --> 00:20:42.972
reality on Apple Vision Pro for
clinical labs, and they wanted to make

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00:20:42.972 --> 00:20:44.761
it available to the public as well.

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00:20:45.731 --> 00:20:47.981
And it's Clark for the three.

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00:20:47.991 --> 00:20:51.551
Hoosier kids can now play the summer
away on three new courts thanks

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00:20:51.561 --> 00:20:54.762
to the Caitlin Clark Foundation
and Eli Lilly and Company.

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00:20:54.991 --> 00:20:59.321
The two big names in Indiana teamed up
with Iowa-based Musco Lighting to open

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00:20:59.321 --> 00:21:01.411
the multi-sport courts in Indianapolis.

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00:21:01.881 --> 00:21:05.401
Two IPS schools each got a new
court, and a third one is now

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00:21:05.422 --> 00:21:07.471
open just southeast of downtown.

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00:21:07.811 --> 00:21:11.911
The three new courts are part of
Lilly's 150th anniversary celebration.

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00:21:13.231 --> 00:21:14.701
Back to the Arrive AI story.

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00:21:14.701 --> 00:21:14.721
Yeah.

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00:21:14.721 --> 00:21:18.121
You talked robots there, but they're
pioneers in drone delivery too, right?

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00:21:18.131 --> 00:21:20.872
That's right, and that's totally
on the table for this Hancock-

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00:21:20.872 --> 00:21:21.731
Yeah … Health project.

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00:21:21.922 --> 00:21:23.641
That actually would be the next phase.

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00:21:23.871 --> 00:21:26.331
Hancock Health is saying, "We
have facilities throughout the

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00:21:26.331 --> 00:21:30.241
county." They are 100% interested in
having drones deliver things- Yeah

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00:21:30.401 --> 00:21:31.121
throughout the county.

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00:21:31.121 --> 00:21:32.272
They're not just stopping at robots.

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00:21:32.282 --> 00:21:33.662
More Indiana technology.

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00:21:33.662 --> 00:21:33.921
Thanks,

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00:21:33.922 --> 00:21:34.262
Kylie.

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00:21:34.562 --> 00:21:34.632
That's right.

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00:21:35.062 --> 00:21:40.202
Well, up next, a South Bend, uh, company
has been pouring over its biggest

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00:21:40.212 --> 00:21:43.381
project to date for the last five years.

384
00:21:43.532 --> 00:21:47.512
How Envel Façade is leaving a
permanent mark on the nation's

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00:21:47.512 --> 00:21:49.301
newest presidential center.

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00:21:51.704 --> 00:21:55.234
Northwest Indiana is essential
to elevating Indiana's future.

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00:21:55.264 --> 00:21:58.553
Explore how IBJ Media, Inside
Indiana Business, and the

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00:21:58.553 --> 00:22:01.944
State of Indiana are bringing a
bold vision for regional growth

389
00:22:01.994 --> 00:22:05.394
at Innovate Northwest Indiana,
presented by CareSource, Indiana

390
00:22:05.394 --> 00:22:07.243
University, and Old National Bank.

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00:22:07.264 --> 00:22:11.043
Join Governor Mike Braun and business
and community leaders for a candid

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00:22:11.043 --> 00:22:14.523
conversation on growth, workforce
development, and innovation.

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00:22:14.573 --> 00:22:18.514
We'll be at Valparaiso University
Herrig Union Ballroom July 8th.

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00:22:18.563 --> 00:22:21.863
RSVP now at ibj.com/innovate.

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00:22:22.014 --> 00:22:24.693
Today, you either innovate or evaporate.

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00:22:25.253 --> 00:22:30.593
We are accelerating the pursuit of
progress, from the foods we eat to the

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00:22:30.593 --> 00:22:35.793
heights we soar, because this is Indiana,
the innovation capital of the world.

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00:22:36.944 --> 00:22:40.684
We rally visionaries across
industries, investing connections

399
00:22:40.764 --> 00:22:45.593
as much as capital, and fuel our
founders from dorm room to boardroom.

400
00:22:46.163 --> 00:22:48.464
Fuel your innovation
with Elevate Ventures.

401
00:22:52.334 --> 00:22:53.074
The challenges are real.

402
00:22:53.074 --> 00:22:55.984
Type 2 diabetes rising fast among-
Small business owners need help.

403
00:22:55.984 --> 00:22:57.874
Alzheimer's cases rising as population-

404
00:23:00.933 --> 00:23:02.364
They said it'll never happen.

405
00:23:03.994 --> 00:23:04.914
It's too hard.

406
00:23:06.364 --> 00:23:07.833
Nothing will change.

407
00:23:09.754 --> 00:23:10.323
Can't compete.

408
00:23:12.133 --> 00:23:13.143
You'll never solve it.

409
00:23:14.814 --> 00:23:17.263
And we said, "Watch us."

410
00:23:25.816 --> 00:23:28.086
Whether you're buying or selling
a home, the stakes are high.

411
00:23:28.196 --> 00:23:30.936
Realtors are market experts who
do business by a higher code of

412
00:23:30.936 --> 00:23:34.665
ethics, and we're invested in Indiana
because we're also your neighbors.

413
00:23:35.026 --> 00:23:37.136
Now, here's the latest
statewide real estate report.

414
00:23:37.235 --> 00:23:41.156
Listings grew by 5% year over
year, continuing to outpace sales.

415
00:23:41.666 --> 00:23:46.856
Pendings jumped by 30% from February
to March and were up 1% year over year.

416
00:23:47.036 --> 00:23:52.016
Sales were similar, up 27% from
February and 1% from last year.

417
00:23:52.185 --> 00:23:55.225
Inventory is tightening
but growing year over year.

418
00:23:55.286 --> 00:23:57.485
However, inventory growth has slowed.

419
00:23:57.585 --> 00:24:01.276
We've been at 13% year over year
growth for the past four months,

420
00:24:01.486 --> 00:24:05.276
while growth ranged from 15 to
30% in the two years before that.

421
00:24:05.455 --> 00:24:10.315
Prices are up 4% year over year,
$10.000 higher than last March.

422
00:24:10.626 --> 00:24:14.656
Days on market fell significantly
and immediate sales are more common.

423
00:24:14.835 --> 00:24:17.136
Price drops are falling
but higher than last year.

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00:24:21.484 --> 00:24:25.334
We want this to be a place where
anyone can come to find inspiration,

425
00:24:25.604 --> 00:24:29.214
and get the tools you need to
take action in your own community.

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00:24:30.404 --> 00:24:33.803
A major milestone for the 44th
president of the United States, Barack

427
00:24:33.803 --> 00:24:38.984
Obama, opening the Obama Presidential
Center this week on the South Side

428
00:24:38.984 --> 00:24:43.084
of Chicago, just a stone's throw
from the Illinois-Indiana border.

429
00:24:44.163 --> 00:24:47.793
And there's an Indiana connection
to the letters you see h- here

430
00:24:47.803 --> 00:24:49.633
on the side of that building.

431
00:24:49.843 --> 00:24:55.383
South Bend-based In-Volt Facade created
the concrete used to create a portion of

432
00:24:55.384 --> 00:25:00.163
President Obama's You Are America speech
from the 50th anniversary of the voting

433
00:25:00.163 --> 00:25:02.633
rights marches from Selma to Montgomery.

434
00:25:03.713 --> 00:25:08.984
It looks elegant, and I think the
process kind of was anything but.

435
00:25:09.024 --> 00:25:14.413
It was extraordinarily challenging and
heavy, and it was, uh, logistically

436
00:25:14.413 --> 00:25:19.994
challenging, so, um, but in the end,
when the outcome is an elegant feature

437
00:25:19.994 --> 00:25:22.274
like that, it, it's been a success.

438
00:25:23.373 --> 00:25:28.893
The speech includes 458 letters, and
each one is, get this, five feet tall.

439
00:25:30.553 --> 00:25:35.174
Well, the 122nd Fighter Wing in Fort
Wayne is one of several bases being

440
00:25:35.174 --> 00:25:40.443
considered for two F-35A fighter jet
units, a move that has the full support

441
00:25:40.443 --> 00:25:42.253
of Indiana's congressional delegation.

442
00:25:42.604 --> 00:25:46.593
In a letter sent, uh, Wednesday of
this week to the US, uh, Air Force

443
00:25:46.604 --> 00:25:51.263
Secretary, both Indiana senators
and all nine representatives say the

444
00:25:51.263 --> 00:25:55.894
Fort Wayne base has all the tools
needed to succeed any F-35 mission.

445
00:25:56.193 --> 00:25:58.653
Senator Todd Young
recently visited the base.

446
00:25:59.543 --> 00:26:03.333
I saw their, uh, increasing
sophistication, uh, as it

447
00:26:03.343 --> 00:26:05.664
relates to intelligence.

448
00:26:05.693 --> 00:26:09.643
They need some investment so that they
can continue to receive intelligence

449
00:26:09.663 --> 00:26:13.613
at the base and be ready for the
fight, uh, in, in a split second.

450
00:26:14.823 --> 00:26:17.923
At this point, it is unknown
when the Air Force will decide

451
00:26:17.923 --> 00:26:20.754
on where to place those F-35s.

452
00:26:21.923 --> 00:26:26.154
To Knox County now, where multiple
initiatives are fueling housing surge

453
00:26:26.183 --> 00:26:28.293
and hopes for talent attraction.

454
00:26:28.593 --> 00:26:30.793
Several developments
underway across the county.

455
00:26:30.903 --> 00:26:35.223
This week, residents started moving
into the first Beer House Flats

456
00:26:35.233 --> 00:26:40.193
units, a $35 million market rate
apartment project in Vincennes.

457
00:26:41.984 --> 00:26:44.934
At the end of the day, there's a
company or a person at the other end of

458
00:26:44.934 --> 00:26:49.354
that line that is having to make that
risky decision to, you know, pull the

459
00:26:49.354 --> 00:26:52.833
trigger on a really significant project.

460
00:26:52.874 --> 00:26:57.564
And so, uh, as we see success with
Beer House Flats, I think that's

461
00:26:57.564 --> 00:27:02.754
going to basically tell us whether y-
you know, whether this demand model

462
00:27:02.754 --> 00:27:06.204
that we think exists truly does,
and, and, and I believe it does.

463
00:27:06.903 --> 00:27:11.133
Also in Vincennes, students from Lincoln
High School's construction program just

464
00:27:11.133 --> 00:27:13.184
delivered a finished three-bedroom home.

465
00:27:13.344 --> 00:27:18.104
There are plans to expand that program
next school year, and it includes students

466
00:27:18.123 --> 00:27:20.613
from all three Knox County schools.

467
00:27:26.436 --> 00:27:30.336
Well, an uncertain future for one of
Indiana's most well-known drag strips.

468
00:27:30.386 --> 00:27:34.566
The Daniels family putting the
historic Muncie Dragway up for sale

469
00:27:34.566 --> 00:27:36.716
after owning it for about 14 years.

470
00:27:37.016 --> 00:27:40.366
The facility has been a fixture
in Midwest drag racing circles

471
00:27:40.385 --> 00:27:42.876
since it opened in 1960.

472
00:27:42.876 --> 00:27:45.325
The Daniels family says
operations will continue at the

473
00:27:45.325 --> 00:27:47.216
track until there is a buyer.

474
00:27:48.585 --> 00:27:51.396
Well, the summer fair and
festival season is taking shape

475
00:27:51.396 --> 00:27:52.815
across the state of Indiana.

476
00:27:52.835 --> 00:27:57.215
One event you may want to check out,
the 54th Indiana Fiddlers Gathering at

477
00:27:57.215 --> 00:28:02.286
Tippecanoe Battlefield in Battle Ground,
which starts the last weekend in June.

478
00:28:02.286 --> 00:28:03.815
And that's where we leave you this week.

479
00:28:04.056 --> 00:28:05.146
Thanks for joining us.

480
00:28:05.565 --> 00:28:07.035
Go out and make it a successful week.

481
00:28:24.219 --> 00:28:30.340
We are bringing the power of this
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482
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483
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484
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All across the state of Indiana, IBJ Media
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485
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we're doing it now directly to your phone.

486
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To be a part of this, you can find
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487
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Just search IBJ Media.

488
00:28:54.770 --> 00:28:55.509
It's been a while.

489
00:28:55.510 --> 00:28:56.179
What have you been up to?

490
00:28:56.610 --> 00:28:57.079
Oh, you know.

491
00:28:57.129 --> 00:28:58.399
Oh, I see it's not flossing.

492
00:29:00.090 --> 00:29:03.149
I just added some secret
weapons to my toolkit.

493
00:29:03.150 --> 00:29:03.250
Yeah?

494
00:29:03.340 --> 00:29:06.369
They help me drill down
further- Oh … digging deeper

495
00:29:06.369 --> 00:29:09.389
than I ever could before- Ah.

496
00:29:09.399 --> 00:29:12.379
into my business and personal
finances with Lake City Bank Digital.

497
00:29:12.679 --> 00:29:13.290
Oh.

498
00:29:13.939 --> 00:29:14.999
Yeah, totally.

499
00:29:15.369 --> 00:29:16.679
Now let's take care of that tooth.

500
00:29:17.860 --> 00:29:20.790
Add sharper tools for your money
with Lake City Bank Digital.

501
00:29:20.919 --> 00:29:22.379
You are all set, Brian.

502
00:29:23.360 --> 00:29:23.889
I'm Devin.

503
00:29:32.240 --> 00:29:33.919
Hello and welcome to
Inside Indiana Business.

504
00:29:33.919 --> 00:29:37.280
I'm Gerry Dick, coming to you
this week from Northwest Indiana,

505
00:29:37.350 --> 00:29:42.639
Jeffersonville, Muncie, South Bend,
in downtown Evansville, Terre Haute,

506
00:29:42.649 --> 00:29:46.769
Fort Wayne, Richmond, from one of
the state's key entrepreneurial

507
00:29:46.770 --> 00:29:49.029
and innovation hubs, 16 Tech.

508
00:29:49.059 --> 00:29:53.000
Inside Indiana Business,
Indiana's business news leader.