WEBVTT 1 00:00:00.000 --> 00:00:03.069 >>GERRY: EACH WEEK A GROUP OF INSIDERS JOINS ME TO OFFER PERSPECTIVE ON THE WEEK'S TOP STORIES. 2 00:00:03.069 --> 00:00:06.673 THIS WEEK SOUNDING OFF ON WHITE LODGING'S PLANS FOR A MEGA DEVELOPMENT IN MERRILLVILLE, SWEETWATER'S SIGNIFICANT 3 00:00:06.673 --> 00:00:11.945 EXPANSION PLANS IN FORT WAYNE AND REACTION TO THE NEW TRADE DEAL BETWEEN THE U.S., CANADA AND MEXICO... 4 00:00:11.945 --> 00:00:20.353 OUR INSIDERS ARE INDYPOLITICS.ORG PUBLISHER ABDUL-HAKIM SHABAZZ, INDY CHAMBER CHIEF ECONOMIC 5 00:00:20.353 --> 00:00:24.758 DEVELOPMENT OFFICER MAUREEN KRAUSS AND MESIROW FINANCIAL RETIREMENT PLANNING AND ADVISORY CLIENT RELATIONSHIP MANAGER 6 00:00:24.758 --> 00:00:35.368 BRUCE KIDD. WELCOME ONE AND ALL TO THE INSIDERS THIS WEEK. A COUPLE OF BIG ECONOMIC 7 00:00:35.368 --> 00:00:43.076 DEVELOPMENT DEALS AND BIG PROJECT DEALS IF YOU WILL ANNOUNCE THIS WEEK. IN NORTHWEST INDIANA, LOTS OF 8 00:00:43.076 --> 00:00:54.053 FOLKS REMEMBER THE STAR THEATER AND THE RADISSON HOTEL AND I 65 THERE AND THAT'S GONE BY THE WAYSIDE AND TAKEN DOWN THIS WEEK 9 00:00:54.053 --> 00:01:03.897 WHITE LODGING ANNOUNCED PLANS FOR 350 MILLION-DOLLAR PROJECT THAT WOULD INCLUDE HOTELS, RETAIL, RESIDENTIAL, HORSE AREAS 10 00:01:03.897 --> 00:01:10.403 AND DESTINATION ESSENTIALLY CREATED THERE TO REPLACE WHAT WAS AN ICONIC PLACE WITH A NEW DESTINATION. 11 00:01:10.403 --> 00:01:19.345 >> THAT IS A FANTASTIC -- THE SIZE OF THE DEVELOPMENT SO THAT PART OF THE STATE IS TREMENDOUS. IT'S A DAY TRIP, A DESTINATION 12 00:01:19.345 --> 00:01:28.688 BUT IT'S POINTING TO WHAT FAMILIES ARE LOOKING FOR, EASY COUPLE DAY ACTIVITIES, REUSE OF EXISTING FACILITIES OR SPACE AND 13 00:01:28.688 --> 00:01:39.766 IS SO ESSENTIAL FOR A COMMUNITY. YOU SHOULDN'T LET THINGS DIE FIGURE OUT A MORE CURRENT USE SO A LOT OF GOOD TO COME OUT OF 14 00:01:39.766 --> 00:01:46.906 THAT DEVELOPMENT EMPHASIZES AMAZING. >> ANOTHER EXAMPLE OF THE FAMILY GIVING BACK TO INDIANA. 15 00:01:46.906 --> 00:01:55.181 ONE IS THE SIGNIFICANT IN YOUR VIEW OF THE LOCATION IN NORTHWEST INDIANA. THE GATEWAY TO CHICAGO. 16 00:01:55.181 --> 00:02:03.256 >> WITHIN AN HOUR'S DRIVE ALMOST ANYWHERE DEPENDING ON TRAFFIC. BRING PEOPLE TO NORTHWESTERN 17 00:02:03.256 --> 00:02:11.931 INDIANA SO IT REVITALIZES THAT AREA AND NORTHWEST INDIANA SOMETIMES IS THE FORGOT AREA OF INDIANA WHEN YOU TALK ABOUT 18 00:02:11.931 --> 00:02:17.871 DEVELOPMENT. ONCE AGAIN, EVERY PART OF THE STATE IS VIBRANT AND HEALTHY AND MAKING A COMEBACK. 19 00:02:17.871 --> 00:02:23.943 >> ANOTHER BIG ANNOUNCEMENT THIS WEEK CAME IN NORTHEAST INDIANA WITH THE GREAT ENTREPRENEURIAL SUCCESS STORY, 20 00:02:23.943 --> 00:02:34.287 SWEET WATER USE BE CALLED SWEETWATER SOUND MUSICAL AND AUDIO EQUIPMENT DEALER HAS GROWN INTO REALLY A LARGE COMPANY, 21 00:02:34.287 --> 00:02:42.729 1300 EMPLOYEES AND THIS WEEK ANNOUNCED PLANS TO ADD 1,000 ADDITIONAL JOBS WITH A 76 PLUS MILLION DOLLAR INVESTMENT. 22 00:02:42.729 --> 00:02:52.238 >> I HAD THE PLEASURE TO MEET CHUCK SEVERAL YEARS AGO HE BUILT A PHENOMENAL COMPANY. HE'S VERY COMMITTED TO THAT PART 23 00:02:52.238 --> 00:03:00.246 OF THE STATE AND HAS BUILT A REAL FOUNDATIONAL COMPANY FOR THAT REGION AND I HAVE LOTS OF FRIENDS IN THE MUSIC BUSINESS 24 00:03:00.246 --> 00:03:05.952 AND THEY ARE ALL CUSTOMERS OF HIS. FANTASTIC PRODUCTS AND PEOPLE AND CUSTOMER SERVICE. 25 00:03:05.952 --> 00:03:12.759 THEY KEEP BUILDING AND BUILDING. IT'S REMARKABLE. >> WHAT DOES THIS SAY IN YOUR VIEW AND ANYBODY CAN JUMP IN ON 26 00:03:12.759 --> 00:03:21.401 THIS BUT, CHUCK WAS ON THE SHOW EARLIER THIS WEEK AND SAID WE HAD OFFERS FROM OTHER PLACES. VEGAS, THE WEST COAST WHERE THEY 27 00:03:21.401 --> 00:03:28.841 HAVE CUSTOMERS AND FRANKLY, SOME OF THEM WERE BETTER FINANCIALLY AND HE POINTS -- HE IS FROM NORTHEAST INDIANA AND HE LIKES 28 00:03:28.841 --> 00:03:38.151 WHAT'S GOING ON THERE. >> HE CAN BE THE LEAD DOG, IF YOU WILL IN A REVIVAL OR EXPANSION OF THAT AREA. 29 00:03:38.151 --> 00:03:45.391 I'M SURE HE GOT GREAT OFFERS. WE ARE NOT THE CENTERPIECE OF THE ENTERTAINMENT INDUSTRY BUT HE'S FELT SUCH A STRONG 30 00:03:45.391 --> 00:03:51.564 FOUNDATION AND IS COMMITTED TO THE COMMUNITY AND I'M DELIGHTED TO SEE THAT HE STAYED. >> YOU CAN NEVER UNDERESTIMATE 31 00:03:51.564 --> 00:03:59.472 THE VALUE OF BUILDING AND YOUR OWN BACKYARD AND BEING HOME THIS IS WHERE I AM FROM AND THIS HAS TREATED ME WELL AND ONCE AGAIN, 32 00:03:59.472 --> 00:04:06.412 LIKE YOU SAID THE WAY OF GIVING BACK TO THAT MAKING IT WHAT YOU ARE. >> I THINK IT SHOWS FIRST OF 33 00:04:06.412 --> 00:04:13.186 ALL, THAT BUSINESS LEADERS APPRECIATE THE CULTURE OF THE COMMUNITY WHERE THEY CAN BE SUCCESSFUL AND GROW AND ALSO A 34 00:04:13.186 --> 00:04:20.460 GREAT EXAMPLE OF THE STRONG MANUFACTURING SORT OF HISTORY WE HAVE, BUT WITH THE INFUSION OF TECHNOLOGY WE ARE SO GOOD AT 35 00:04:20.460 --> 00:04:27.734 THAT IN THE STATES AND ARE BECOMING GLOBAL PLAYERS BY DOING THAT. >> A MILESTONE FOR A BIG 36 00:04:27.734 --> 00:04:38.011 DEVELOPMENT THIS IN CENTRAL INDIANA THE 16TH TECH COMMUNITY CORPORATION ANNOUNCING THE FIRST BIG BUILDING THERE IS NOW FULLY 37 00:04:38.011 --> 00:04:44.817 LEASED INCLUDING THE BIOSCIENCES RESEARCH INSTITUTE AND SOME OTHER TENANTS IN THAT BUILDING. AS YOU LOOK AT THIS THIS IS A 38 00:04:44.817 --> 00:04:51.891 MASSIVE TALENT TO PLAY, BUT JUST GETTING THAT FIRST BUILDING SOMETHING YOU CAN SEE THE IMPACT THAT HAS. 39 00:04:51.891 --> 00:04:58.765 >> WE CAN SHOW COOL MAPS AND DRAWINGS AND CONDITIONS, BUT ONCE THE STEAL GOES UP BECAUSE IT'S A BEAUTIFUL PLAN ONCE WE 40 00:04:58.765 --> 00:05:06.172 HAVE A PHYSICAL THING TO SHOW IT WILL BE MORE RAPID WITH THE DEVELOPMENT GOING ON, SO WE ARE EXCITED FOR THIS ANNOUNCEMENT. 41 00:05:06.172 --> 00:05:16.783 IT'S A SOLID START TO 16TH TECH. >> YOUR TAKE, MORE RENOWNED THE NEW TRADE AGREEMENT BETWEEN U.S., MEXICO AND CANADA 42 00:05:16.783 --> 00:05:27.193 REPLACING NAFTA. IT'S THE UNITED STATES MEXICO CANADA AGREEMENT. >> THE TRADE TARIFFS ON STEEL 43 00:05:27.193 --> 00:05:34.867 ARE NOT PART OF THIS BUT, AGRICULTURE IS A BIG, BIG PART OF THIS AGREEMENT. >> I THINK EVEN IN INDIANA THE 44 00:05:34.867 --> 00:05:43.009 STEAL COMPONENT OF ALL OF THESE TRADE DISCUSSIONS AND TARIFF DISCUSSIONS HAS BEEN BIG AND IT'S IMPACTING OUR COMPANIES AND 45 00:05:43.009 --> 00:05:50.349 THE UNCERTAINTY CAUSING COMPANIES TO HAVE RISE IN PRICES AND WE HEAR OF LAYOFFS AND DIFFERENT STUFF BUT A LITTLE BIT 46 00:05:50.349 --> 00:05:58.958 AGRICULTURE HAS BEEN FORGOTTEN AND WHEN YOU LOOK AT THE TRADE AGREEMENTS INCLUDING THE NEW NAFTA, CAN'T LET IT ROLL OFF MY 47 00:05:58.958 --> 00:06:10.303 TONGUE, OR WHATEVER NAFTA 2.0, I THINK THE AGRICULTURE COMPONENT AS SOMETHING EQUALLY IMPORTANT IN OUR AREA WHETHER MILK PRICES 48 00:06:10.303 --> 00:06:19.378 OR OTHER -- SOY OR CORN, SO REALLY IMPORTANT WE KEEP ON THIS AND HOPEFULLY IT WILL PROVIDE OUR FIRMS THE CERTAINTY SO THEY 49 00:06:19.378 --> 00:06:26.018 CAN'T MAKE DECISIONS FOR THE NEXT YEAR FORWARD. >> TO HAVE A SENSE IT WILL BE POSITIVE OR NEGATIVE FOUR 50 00:06:26.018 --> 00:06:32.492 INDIANA? >> THE CERTAINTY WILL BE POSITIVE BECAUSE NOW YOU CAN MAKE SMART PLANS WITH THAT 51 00:06:32.492 --> 00:06:41.267 CERTAINTY. >> I THINK IT'S ALMOST OVER ESTIMATED BECAUSE AT THE END OF THE DAY FARMERS WHO GROW 52 00:06:41.267 --> 00:06:48.207 SOYBEANS THIS HAS NOTHING TO DO WITH THAT THEY WILL STILL BE HURTING BECAUSE CHINA IS A BIG DEAL. 53 00:06:48.207 --> 00:06:56.816 >> THAT'S ABSOLUTELY TRUE. >> AND NUMBER TWO, ANYBODY WHO THINKS THE AGREEMENTS WILL BRING JOBS BACK ARE WOEFULLY MISTAKEN. 54 00:06:56.816 --> 00:07:02.488 AUTOMATION HAS TAKEN AWAY MORE OF THESE JOBS THEN TRADE DEALS EVER HAVE AN EVER WELL. >> THE OTHER THING THAT DOES 55 00:07:02.488 --> 00:07:12.298 NOT GET IN THIS IS IMMIGRATION POLICIES HAVE IMPACTED THE AGRICULTURE COMMUNITY AS WELL AND THE NEED FOR ANIMATION IF 56 00:07:12.298 --> 00:07:19.172 YOU HAVE LESS WORKFORCE AVAILABLE SO THAT'S A FACTOR THAT THERE ARE SEVERAL DIFFERENT THINGS THAT PLAY INTO HERE. 57 00:07:19.172 --> 00:07:26.245 >> BRUCE, YOUR TAKE ON A REPORT OUT THIS WEEK ON THE TAX CLIMATE. ONCE AGAIN, GOOD NEWS FOR THE 58 00:07:26.245 --> 00:07:33.853 STATE. THE WASHINGTON DC STATE TEXTBASED CLIMATE RANKS INDIANA NUMBER ONE IN THE COUNTRY. 59 00:07:33.853 --> 00:07:41.527 >> THIS IS A LONG-STANDING HIGHLIGHT OF OUR STATE THAT IT'S A GREAT PLACE TO DO BUSINESS IN PART IS OUR TAX STRUCTURE. 60 00:07:41.527 --> 00:07:53.072 TOP 104 YEARS NOW AND AS WE WERE TALKING OFF CAMERA IF YOU AT SOME OF THESE STATES THAT ARE IN FRONT OF US AS FAR AS TOP 10, I 61 00:07:53.072 --> 00:07:59.512 WOULD BE HARD-PRESSED TO BELIEVE THEY WILL RECRUIT THE COMPANIES WE ARE RECRUITING TO OUR STATE TO SET UP SHOP. 62 00:07:59.512 --> 00:08:07.019 THEY MIGHT HAVE A GREAT TEXTBASED, BUT I DON'T KNOW THAT THEY HAVE THE INFRASTRUCTURE, HIGHER EDUCATION, WORKFORCE THAT 63 00:08:07.019 --> 00:08:15.695 WE HAVE SO I THINK WE ARE IN A TERRIFIC POSITION FOR THE NEXT DECADE. >> BEFORE WE LEAVE I WANT YOUR 64 00:08:15.695 --> 00:08:23.970 TAKE ON STATE SCHOOL SUPERINTENDENT JENNIFER MCCORMICK RELEASING HER AGENDA. YOU WHERE THERE. 65 00:08:23.970 --> 00:08:33.446 SAID I WILL RUN FOR REELECTION. >> SO BEGIN THE NEXT SESSION AND OH, BY THE WAY, I'M NOT RUNNING AGAIN. 66 00:08:33.446 --> 00:08:39.919 WHAT? SO SOME OF THE NOISE IN THE BACK AND FORTH WITH LAWMAKERS. SHUCKING TO THE POINT, BUT IF 67 00:08:39.919 --> 00:08:46.525 YOU FOLLOW HER CAREER NOT SURPRISING BECAUSE THE SUPERINTENDENT COULD NEVER BREAK THROUGH SOME OF THAT EDUCATIONAL 68 00:08:46.525 --> 00:08:54.533 GLASS CEILING THAT'S BEEN THERE AT THE LEGISLATURE. >> DO YOU THINK THIS PUSHES THE TALK OF MAKING THAT POSITION 69 00:08:54.533 --> 00:08:59.472 APPOINTED. >> OF HER NOT RUNNING AGAIN, I WOULDN'T BE SURPRISED COME 2020.