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>> CORN, CARS, FAST CARS, ANDBASKETBALL.FOR DECADES THOSE WORDS DEFINEDIN INDIANAPOLIS.

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BUT TODAY THIS MIDWESTMANUFACTURING MAINSTAY IS ON THEFAST TRACK TO BECOMING ATECHNOLOGY HOTBED AND PEOPLE ARE

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NOTICING.>> I THINK IT'S THE BEST KEPTSECRET IN THE COUNTRY.>> WE ARE GOING TO OPEN OUR

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EYES AND SAY WHAT HAPPENED HERE?>> WE LOOK AT OUR POSITION INTHE WORLD WITH MANUFACTURING,AGRICULTURE AND DISTRIBUTION WE

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ARE POSITIONED TO BE THE LEADERIN THE WORLD.>> [INAUDIBLE] AND IT'SEXCITING TO BE PART OF THAT AND

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WE WANT TO HAVE OUR FOOTPRINTRIGHT HERE.>> IT'S PERFECT TIMING TO BEABLE TO REALLY SIGNAL TO THE

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COUNTRY WITH A VERY SIGNIFICANTFUND THAT INDIANA IS A LEADER.>> MORE TO COME, WE ARESTARTING OUR WORK BUT IT'S

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IMPORTANT TO MOVE FORWARD.IT'S A SLAM DUNK.WE HAVE TO MAKE SURE THAT WE AREDOING EVERYTHING WE CAN TO

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CONNECT THE DOTS.>> 'S INDIANAPOLIS POSITIONEDITSELF AS AN INNOVATOR AND IDEAAT THE INFORMATION ECONOMY?

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THE QUESTION IS CAN IT KEEP ITSEYE ON THE PRIZE?GROWING TALENT, RESOURCES ANDCULTURE TO MAKE IT HAPPEN?

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>>GERRY: HELLO AND WELCOME TOTHIS SPECIAL EDITION OF INSIDEINDIANA BUSINESS·I'M GERRY DICK.COMING TO YOU FROM THE UNION

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525, THE FORMER MANUAL AND WOODHIGH SCHOOLS GETTING NEW LIFE ASSCALE-UP SPACE FOR GROWING TECHCOMPANIES·THE LATEST EXAMPLE OF

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UNPRECEDENTED TECH MOMENTUM INTHE INDY REGION.FOR THE NEXT HOUR, OUR "INDYTECH TOWN HALL" POWERED BY

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COMCAST BUSINESS WILL EXPLORETHE TECH MOVEMENT·ITSOPPORTUNITIES AND CHALLENGES·ANDWHAT'S NEXT.

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THE UNION 525 ENGAGES TECHENTREPRENEURS, ESTABLISHEDCOMPANIES AND EDUCATIONALINSTITUTIONS·PROVIDING SPACE FOR

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NEW INITIATIVES,EDUCATION AND MUCH MORE.I RECENTLY SAT DOWN WITH THEUNION 525 MANAGING PARTNER JOHN

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HURLEY TO TALK ABOUT THECONCEPT, VISION AND FUTUREGROWTH.>> THE IDEA CAME FROM ME

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LOOKING FOR SPACE BAR MYSOFTWARE COMPANY AND NOT BEINGABLE TO FIND SPACE THAT WASFLEXIBLE, AFFORDABLE AND ALLOWED

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ME A SHORT-TERM LEASE.ONCE YOU GO OVER 2-3,000 SQUAREFEET THE COMMITMENTS BECOMELONGER.

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SO I WAS IN CONTACT WITH MYPARTNERS ON THE PROJECT IN THEMINUTE I WALKED INTO THISBUILDING I KNEW IT WAS SOMETHING

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SPECIAL.I DID NOT FIND OUT UNTIL LATERON THAT EVENING THAT THIS WASTHE FIRST VOCATIONAL SCHOOL NOT

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JUST IN INDIANAPOLIS, BUT THEUNITED STATES AND I KNEW IT WASSOMETHING SPECIAL.>> TALK ABOUT WHAT IS HERE IN

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THIS CONCEPT AND WHAT MAKES THEUNION 525 UNIQUE.>> WE HAVE PURDUE POLYTECHNICHIGH SCHOOL, ROSE-HULMAN, NOW I

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YOU, AND IN ADDITION WE HAVE THESTART UP COMPANY WITH LAUNCHINDY AND THE CO-WORKING SPACE INADDITION TO WHAT WE CALL START

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UP VALLEY, 12 OFFICES DEDICATEDFOR THE 5-4 PERSON SHOP ANDSCALE OF COMPANIES LIKE SMARTFILE, GREEN LIGHT, ET CETERA AND

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THEN ALL THE WAY TO THEENTERPRISE WITH LILY, TECHNICALSERVICES TEAM.>> YOU MENTIONED MOMENTUM,

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TALK ABOUT THE UNIQUENESS OF THESPACE AND HOW THERE IS NOTHINGLIKE IT IN ARIZONA AND THAT WASREALLY AN IMPORTANT PART OF

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THEIR COMING TO INDIANA.>> ABSOLUTELY.WHEN WE DEVELOP THE SPACE I'VEBEEN IN SOFTWARE 20 YEARS AND

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IT'S ABOUT MAXIMIZING YOURDOLLAR AND WHEN WE BUILT THOSESPACES EACH ONE WAS WELL THOUGHTOUT FROM FLEXIBILITY AND

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ALLOWING COMPANIES TO HAVE A LOTOF FLEXIBILITY TO GROW WHETHERYOU HAVE 15 PEOPLE OR YOU HAVE50 PEOPLE SO IT'S A UNIQUE

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PRODUCT BUT WHAT MAKES IT MOSTUNIQUE IS WE DO ONE, TWO, ANDTHREE YEAR LEASES AT SCALE SO IFYOU HAVE 7,000 SQUARE FEET WE'VE

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DEVELOPED A PRODUCT OR PLATFORMTHAT ALLOWS TECH COMPANIES TOPLUG IN AND MOVE IN AND NOT HAVETO SPEND A LOT OF TIME TRYING TO

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MANAGE SPACE.>> TALK ABOUT WHAT YOU AREACCOMPLISHING HERE IN TERMS OFTHE ENVIRONMENT, THE CULTURE

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THAT IS PART OF THE FACILITY.>> IT'S TOUGH TO RECRUIT ANDRETAIN TALENT AND I KNOW THATMORE THAN ANYBODY SO WE'VE

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DEVELOPED THE SPACE THAT ALLOWSPEOPLE TO CONNECT SO WHERE YOUARE SITTING RIGHT NOW WILL BE ACOFFEEHOUSE.

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BEHIND US AS A STUDIO WE AREDEVELOPING.BEHIND ON THE OTHER SIDE IS ATHREE STORY SLIDE IN CONNECTION

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POINT FOR THE ENTREPRENEURS ANDTECH FOLKS.WE HAVE A JIM THAT WE HAVECONVERTED TO A MEET UP SPACE

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COMPLETE WITH SPEAKERS AND JUSTAMAZING SOUND.TOP OF THE LINED BUSINESSCENTER, BIKE STORAGE, YOU NAME

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IT.WE PUT A LOT OF FOCUS ON THEAMENITIES.>> THE PHYSICAL LOCATION, NEAR

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SOUTH SIDE OF DOWNTOWN, VERYCLOSE TO ELI LILLY AND COMPANYAND ROLLS ROYCE, LUCAS OILREALLY RIGHT IN THE HEART.

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>> IT IS.I LOOK AT THE SOUTH SIDE AS THELAST FRONTIER FOR DOWNTOWN.WHAT'S GREAT ABOUT THE LOCATION

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IS WE HAVE A LOT OF OPPORTUNITYTO EXPAND AND BUILD ON WHAT WEARE DOING HERE.IN ADDITION TO THAT PARKING IS A

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LOT EASIER, EASY ACCESS TO THEHIGHWAY AND JUST ON THE FRINGEOF WITHIN ONE BLOCK YOU AREDOWNTOWN.

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I THINK IT'S A GREAT LOCATIONNOT JUST FOR SOME OF THE THINGSWE TALKED ABOUT, BUT LILLY,ROLLS-ROYCE, THIS IS THE

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INNOVATION DISTRICT WHEN YOUTHINK ABOUT DOWNTOWN AND WE AREIN THE MIDDLE OF IT.>> WHAT CAN WE EXPECT TO SEE

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PERHAPS IN THE NEXT 3-5 YEARS?>> WE OWN THREE AND A HALFACRES BEHIND US AND WE HAVE BIGNEWS WE ARE ABOUT TO ANNOUNCE

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WITH REGARD TO FOUR STORIES, WEARE WORKING WITH THE MAYOR ANDTHE CITY AND IN ADDITION TOANOTHER 150,000 SQUARE FEET OF