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>> ANOTHER CO-WORKING AND
INCUBATOR SPACE IS JOINING A
GROWING MOVEMENT, THIS ONE OF
THE NORTHSIDE OF INDIANAPOLIS,

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AND IT'S UNIQUE -- TARGETING THE
HOME SERVICE AND CONSTRUCTION
INDUSTRIES.
ELECTRICIANS, PLUMBERS, PAINTERS

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AND OTHERS WILL SOON TAKE UP
SPACE AT REFINERY 46, A
RENOVATED DOUBLE 8 GROCERY
HEADQUARTERS AND WAREHOUSE NEAR

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46TH AND KEYSTONE.
AND FOR MORE ON THIS NEW, NICHE
SPACE, PLEASED TO BE JOIN BY
CO-FOUNDER BRYAN SCHUTT.

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WELCOME TO THE PROGRAM.
LET'S TALK ABOUT THIS COWORKING
SPACE.
WE TALK ABOUT IT, IT'S GROWING

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NATIONWIDE.
HERE IN INDIANA, I THINK WE
LAUNCHED FISHERS KING ONLINE A
FEW YEARS AGO, NOW THERE ARE

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OVER 50.
THIS IS COWORKING SPACE BUT WITH
A TWIST.
>> I THINK OUR NICHE FOCUS

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AROUND HOME SERVICES AND
CONSTRUCTION, AS FAR AS WE CAN
TELL, WE'RE THE FIRST IN THE
COUNTRY TO JUST FOCUS AROUND

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THAT NICHE AND A PART OF THAT IS
THAT'S OUR BACKGROUND, THE OTHER
CO-FOUNDERS AND I HAVE GROWN OUR
COMPANIES OVER THE LAST DECADE,

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IN-HOME SERVICES AND
CONSTRUCTION.
SO WE'RE TRYING TO TAKE OUR
LEARNING EXPERIENCES AND BUILD

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IN TO OTHER COMPANIES IN OUR
SECTOR.
>> TALK ABOUT THIS IS A NICHE
SPACE WE'RE LOOKING AT SOME

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VIDEO INSIDE.
TAKE US INSIDE AND THE KINDS OF
COMPANIES YOU'RE ATTRACTING AND
YOU WANT TO ATTRACT THERE AND

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WHAT YOU WANT TO ACCOMPLISH,
WHAT YOU HOPE THOSE COMPANIES
DO.
>> SURE.

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SO WE'VE ALREADY TRACKED ABOUT
60% OF THE SPACE IS OCCUPIED,
SOME LARGER TENANTS, OUR
BUSINESS HEATING AND COOLING IS

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HEADQUARTERED THERE, CHRISTINA'S
COMPLETE CLEAN IS A LOCAL MAID
SERVICE, HERITAGE BUILDERS,
AMONG OTHERS.

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SO WE'RE TRYING TO ATTRACT
PEOPLE WITHIN THAT CONSTRUCTION
HOME SERVICE FOCUS AS I
MENTIONED.

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AND WHAT WE'RE HOPING TO DO IS
REALLY HELP BUILD INTO THEM WITH
SOME OF THE BUSINESS PIECES THAT
MAYBE THEY'RE A GREAT PLUMBER OR

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GREAT ELECTRICIAN BUT THEY MAY
NOT KNOW A GREAT LAWYER OR A
GOOD ACCOUNTANT OR HOW TO DO
QUICKBOOKS, AND A SO LEVERAGING

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OUR EXPERIENCE OF SORT OF
GROWING THROUGH A LOT OF THE
CHALLENGES THAT WE WENT THROUGH
AND BASICALLY LEVERAGING WHAT WE

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LEARNED AND PUTTING THAT INTO
THEM, HELPING THEM THROUGH YOU
THAT EARLY PHASE OF BUSINESS
WHERE THERE'S UP TO 80, 90% OF

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FAILURE IN THE FIRST COUPLE
YEARS.
>> SERVING AS SORT OF A LAUNCH
PAD TO HELP SOME OF THESE YOUNG

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COMPANIES WITHOUT THE NEED FOR A
LONG TERM COMMITMENT FOR
SPACE --
>> ABSOLUTELY.

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>> TALK ABOUT THE MIX TOO.
YOU'VE GOT A BREWERY, RIGHT,
THERE AS WELL?
>> WE CONNECTED WITH THE GUY AT

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THE BLACK CIRCLE BREWING AND WE
FELT LIKE IT WAS A GREAT VALUE
FIT.
THEY REALLY HAVE A STRONG

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PRESENCE IN THE NEIGHBORHOOD AND
BELIEVE IN THAT AREA, AND THAT'S
SOMETHING THAT'S BEEN REALLY
IMPORTANT TO US, IS THE

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REVITALIZATION OF THAT FAIR
GROUND SOUTH -- AREA AROUND 46TH
STREET THERE.
IT'S BEEN DORMANT FOR TOO LONG

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AND SO WE'RE HOPING TO BE A
CATALYST FOR A LOT OF
REDEVELOPMENT AND REVITALIZATION
THERE.

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>> TALK ABOUT THE OTHER PIECE AS
WE WRAP UP, THOUGH, TALL EBT,
TALENTBECAUSE THIS IS ABOUT WORE
AND TALENT, REALLY BUILDING THAT

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PIPELINE IN THE HOME
CONSTRUCTION SERVICE PIPELINE.
>> THERE'S TWO PHASES TO OUR
PIPELINE, GETTING GOOD PEOPLE IN

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WHO WANT TO GROW, WILLING TO BE
COLLABORATIVE IN THAT APPROACH.
THE SECOND PIECE IS THAT
WORKFORCE.

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AND CONSTRUCTION AND HOME
SERVICES, THERE'S A HUGE DEFICIT
IN WORKFORCE AND WE THINK WE CAN
BE A MAGNET FOR PEOPLE BY HAVING

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A SPACE THAT'S A LITTLE UNIQUE.
>> ALL RIGHT.
BRIAN SCHUTT, CO-FOUNDER OF