WEBVTT

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>>IT'S TIME NOW TO GO INSIDEINNOVATION BROUGHT TO YOU BYAT&T.SCALE-UP COMPANIES, THOSE

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BUSINESSES THAT HAVE GROWNBEYOND THE STARTUP STAGE, HAVELONG BEEN SEARCHING FOR A PLACETO GROW IN CENTRAL INDIANA.

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AND THAT'S WHERE THE UNION COMESINTO PLAY.A BUILDING FOCUSED ON HOUSINGSCALE-UP TECH COMPANIES IS SET

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TO OPEN EARLY NEXT YEAR.IT'S A FIRST OF ITS KIND ININDIANA AND COULD BE A MODEL FOROTHERS THROUGHOUT THE COUNTRY.

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FOR MORE ON THE UNION, LET'SBRING IN PARTNER JOHN HURLEY,WHO'S ALSO CEO OF SMARTFILE.WELCOME TO THE PROGRAM.

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>> THANK YOU.PLEASURE TO BE HERE.>> INTERESTING STORY HOW THISEVOLVED.

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YOUR COMPANY WAS LOOKING FORSPACE.THE OLD MANUAL TECH HIGH SCHOOLSPACE WAS ON THE MARKET.

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BIG SPACE, MORE THAN YOU NEEDED.YOU DECIDED TO GET THAT SPACE,BUT FOR MORE THAN SMART FILE TOCREATE THE UNION.

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>> WE WERE LOOKING FOR SPACEON A 5000-10,000 SQUARE-FOOTMARK AND WE KEPT RUNNING INTOFIVE AND SEVEN YEAR LEASES AND

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AT ANY STAGE IN A TECHNOLOGYCOMPANY LIFECYCLE, YOU DON'TKNOW WHAT TWO YEARS LOOK LIKESMUST LAST FIVE YEARS SO YOU WILL

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SCALE OR FAIL.THE LAST THING YOU WANT TO WORRYABOUT IS A LONG-TERM COMMITMENTTHAT COULD POTENTIALLY DAMAGE

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YOU PERSONALLY.>> WE HEAR A LOT ABOUTCO-WORKING SPACES, IN ANEXPLOSION OF THOSE AROUND THE

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STATE AND A BIG PART OF THE TECHMOVEMENT.THIS IS DIFFERENT AND THIS ISSOMETHING THAT DOES NOT EXIST

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RIGHT NOW, THE SCALE UP SPACE.>> MUCH DIFFERENT.I LIKE YOU ARE IN ELEMENTARYSCHOOL AND YOU GRADUATE TO HIGH

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SCHOOL AND THE SPACE WE CREATEIS A TURNKEY SPACE THAT SCALE OFCOMPANIES CAN EASILY MOVE INTOAND PLUG AND PLAY AND HAVE

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EVERYTHING INCLUDED SO IT'S VERYLOW IMPACT IN TERMS OF TRYING TOGET THINGS MOVED ON.>> INTERESTING THAT IT WILL

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OFFICIALLY OPEN EARLY NEXT YEAR,2017, SPRING BUCKET 10 COMPANYARE REALLY MOVING IN THISWEEKEND.

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YOUR COMPANY, SMART PHONE MOVINGIN AND YOU ARE SAYING YOU ARE 9.>> 90 PERCENT COMMITTED.THERE WILL BE SOME BIG

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ANNOUNCEMENTS IN THE NEXT FEWWEEKS, TENANTS TAKING THE SPACE,BUT EVERYBODY WE HAVE SHAREDTHIS WITH REALIZES THIS IS

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SOMETHING SPECIAL AND THEBUILDING HAS SUCH HISTORICALSIGNIFICANCE TO OUR CITY.>> WHICH I DIDN'T KNOW THERE

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WAS THIS KIND OF SPACE AND ITDOESN'T EXIST AROUND THECOUNTRY.YOU THINK THIS COULD BE A MODEL

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FOR INDIANA, BUT THE REST OF THECOUNTRY.>> ABSOLUTELY.IT IS A BIG INVESTMENT TO MAKE

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AND YOU HAVE TO HAVE THE RIGHTDEMAND IN ORDER FOR THIS MODELTO WORK.WE BELIEVE THERE IS A PENT-UP

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DEMAND IN THE CITY FOR COMPANIESLIKE SMART FILE TO HAVE A SPACETHAT THEY DON'T HAVE TO HAVE ALONG-TERM COMMITMENT.

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IT ONLY WORKS IF YOU HAVE A LINEOF PEOPLE WAITING TO TAKE THATSPACE WHEN THAT COMPANYGRADUATES.

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>> WE ONLY HAVE 30 SECONDS,BUT WHAT DOES THIS SAY THAT90 PERCENT COMMITTED LEVEL ONTHIS PROPERTY ABOUT TECH

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MOMENTUM AND THE GROWTH INCENTRAL INDIANA?>> IT'S PHENOMENAL RIGHT NOW.TO HAVE SEEN IT EVOLVE IN THE

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LAST 10 YEARS HAS BEENREMARKABLE.AND I CAN TELL YOU JUST KNOWINGTHAT THE COMPANY ARE HERE THERE

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IS EXCITING THINGS HAPPENING.>> AN EXCITING STORY.THE UNION WILL OPEN OFFICIALLYAFTER THE FIRST OF THE YEAR.