EACH WEEK A GROUP OF INSIDERS JOINS ME TO OFFER PERSPECTIVE ON THE WEEK'S TOP STORIES. THIS WEEK WE'RE SOUNDING OFF ON
INDIANA COLLEGES AND UNIVERSITIES ENGAGING IN ECONOMIC DEVELOPMENT, A TOUGH YEAR CONTINUES FOR FARMERS AND
HOW IS ANDREW LUCK? QUESTION OF THE WEEK. JOINING ME ARE KATZ KORIN CUNNINGHAM CO-FOUNDING PARTNER
NORRIS CUNNINGHAM, HATHAWAY STRATEGIES PRESIDENT ANNE HATHAWAY AND SHORT STRATEGY GROUP CHAIRMAN & CEO FRANK T.
SHORT. WELCOME ONE AND ALL TO ANOTHER EDITION OF THE INSIDERS. INDIANA'S COLLEGES AND
UNIVERSITIES, AND WE ARE FORTUNATE TO HAVE BOTH ON THE PUBLIC SIDE AND PRIVATE SIDE, A LOT OF GREAT UNIVERSITIES.
FRANK, THIS WEEK, I THINK IS A GOOD EXAMPLE OF HOW THEY'RE ENGAGING IN A LOT OF DIFFERENT THINGS FROM AN ECONOMIC
DEVELOPMENT AND OTHERWISE STANDPOINT. PURDUE GETTING A FIRST OF ITS KIND LAB TO STUDY AND INNOVATE
WHEN IT COMES TO FOOD SAFETY AROUND THE WORLD, COMPETE WITH OTHER UNIVERSITIES. PURDUE IS GOING TO HOST ALONG
WITH CORNELL UNIVERSITY. ANOTHER FEATHER IN THE CAP FOR PURDUE. >> I THINK IT'S AN EXAMPLE OF
THE KIND OF EDUCATION INSTITUTIONS WE HAVE IN INDIANA. ALWAYS ON THE FOREFRONT, ALWAYS WORKING, HAVE TO GIVE CREDIT TO
PRESIDENT OF PURDUE, VERY INNOVATIVE THINKER, AND I'M SURE HE'S WORKED ON THAT, THE OTHER PROJECTS HE'S BEEN WORKING ON.
I THINK, AGAIN, ANOTHER EXAMPLE OF THE KINDS OF THINGS THAT INDIANA IS DOING, THE STATE SCHOOLS, 31 INDEPENDENT SCHOOLS
THAT WE HAVE HERE, TO WORK ON, YOU KNOW, TO MAKE THE BRAIN DRAIN THE BRAIN GAIN. I THINK THIS IS A SHINING
EXAMPLE OF THAT. >> ANOTHER EXAMPLE OF INDIANA LEADING IN THE WHOLE FOOD FEEDING THE WORLD EQUATION.
TO BLOOMINGTON AND I.U., INNOVATION THERE, AS WELL. I.U. VENTURES REALLY BEGINNING TO GROW AND ATTEMPTING TO
CONNECT ENTREPRENEURS AND INNOVATORS, AND FOR THAT MATTER, PROFESSORS AT THE SCHOOL WITH I.U. ALUMS AND OTHERS WHO CAN
GET PRODUCTS, IDEAS, INNOVATION TO THE MARKETPLACE, WHICH IS WHAT IT'S ALL ABOUT. >> WELL, IT IS.
AND IT'S GOING TO TAKE IT OUTSIDE OF INDIANA BORDERS, ACROSS THE COUNTRY, AND BRING IN ALUMNI FROM ACROSS THE COUNTRY.
TO FRANK'S POINT, WE HAVE REALLY GOOD THINGS HAPPENING IN INDIANA. AS THE GOVERNOR SAYS, WE'RE
TAKING -- INDIANA TO THE WORLD, AND THE WORLD TO INDIANA. AND IT'S PRETTY EXCITING. >> IT IS.
I THINK THE I.U. VENTURE IS ONE OF THE MOST UNIQUE THINGS THAT I LIKE ABOUT IT IS THIS OPPORTUNITY THAT IT GIVES FOR
THEIR PROFESSORS TO REALLY TAKE ADVANTAGE OF THEIR OWN INTELLECTUAL PROPERTY AND HAVE AN OUTLET FOR THAT IN A WAY THAT
INCREASES THE -- THEIR ABILITY TO GET THEIR NAME OUT THERE, TO BE KNOWN. >> Gerry: WHICH HASN'T ALWAYS
BEEN THE CASE IN INDIANA. >> CORRECT. EXACTLY RIGHT. IT HASN'T ALWAYS BEEN THE CASE.
THIS IS AN OPPORTUNITY FOR THEM TO REALLY GET RECOGNITION, NATIONAL RECOGNITION SOME GLOBAL RECOGNITION FOR A LOT OF THEIR
OWN INTELLECTUAL PROPERTY. IT IS A GREAT THING. >> Gerry: THE STATE'S PRIVATE INSTITUTIONS.
FRANKLIN COLLEGE WITH A HUGE INITIATIVE, THEY'RE ABOUT TO LAUNCH THE PURSUIT, WHICH IS WHAT THEY'RE CALLING THE MOST
COMPREHENSIVE CHANGE IN EVOLUTION, I GUESS, OF THEIR CURRICULUM. >> I'M A FAN OF LIBERAL ARTS,
I'M A PRODUCT OF A LIBERAL ARTS EDUCATION, MYSELF. AND TO SEE FRANKLIN COLLEGE TAKING THIS HUGE STEP, REALLY
DEALING WITH ONE OF THE KNOCKS AGAINST LIBERAL ARTS EDUCATION HAS ALWAYS BEEN ITS LACK OF RELEVANCE TO EXPERIENCE-BASED
LEARNING. THE IDEA THAT YOU SORT OF LEARN THESE HE IS -- COULD BE BE -- CONCEPTS, INFORMATION WITH
REGARD TO TECHNOLOGY, HAVING THEM WORK IN ACTUAL SETTINGS ON CAREER DEVELOPMENT, PROFESSIONAL DEVELOPMENT.
THAT'S A BIG STEP FOR LIBERAL ARTS COLLEGE, IT REALLY SHOULD BE APPLAUDED. >> SHIFTING GEARS A BIT TO THE
FARM AND THE AGRICULTURAL ECONOMY, IN INDIANA, A VERY WET SPRING AND IN RECENT WEEKS VERY DRY, TOO.
THE WEATHER HAS BEEN A REAL ISSUE. THE USDA CAME OUT WITH YIELD PROJECTIONS THIS WEEK THAT WERE
NOT POSITIVE, AREN'T GOING TO KNOW FOR A FEW WEEKS EXACTLY WHAT HAPPENS. A LOT OF CONCERN ON THE FARM.
ANNE, YOU GREW UP IN A RURAL AREA. >> I DID. >> A RESIDENT FARM EXPERT.
YOUR TAKE. MOST PEOPLE THINK IT IS GOING TO HAVE A NEGATIVE IMPACT. MAYBE NOT AS SOME.
>> YOU HIT THE NAIL ON THE HEAD. A ROUGH SPRING, A HURRY TO GET CROPS IN THE FIELD WHEN THE WEATHER FINALLY TURNED.
IT IS TOO EARLY TO KNOW WHAT THE REAL IMPACT IS GOING TO BE. WE'RE GOING TO LEARN A LOT AS WE GET COMBINES IN THE FIELD TO
HARVEST. OBVIOUSLY WE'RE CONCERNED ABOUT THE PRICES. WHEN IS THE FIRST FROST GOING TO
HAPPEN? BUT IT'S REALLY TOO EARLY TO KNOW WHERE WE REALLY ARE. >> AND WE'LL SEE.
I CALL FARMERS THE ULTIMATE ENTREPRENEURIAL. THEY ARE OUT THERE FIGHTING IT ON THEIR OWN.
SPEAKING OF WATER, COMMUNITIES AROUND THE STATE, FRANK, ARE REALLY BEGINNING TO EMBRACE THE WATER.
THE WHITE RIVER STUDY, 52 MILES FROM HAMILTON COUNTY, TO DOWNTOWN INDIANAPOLIS, ON WHAT TO DO, AND HOW TO TAKE ADVANTAGE
OF THE WHITE RIVER. FORT WAYNE, JUST HAD A CHRISTENING OF THAT, THE THREE RIVERS.
HEY, WE CAN LEVERAGE AND REALLY EMBRACE. >> I THINK ONE OF THE KNOCKS, WE DON'T HAVE OCEANS, MOUNTAINS, WE
DO HAVE WATERWAYS, IN A LOT OF PLACES LIKE FORT WAYNE, THE PLAZA, SOUTH BEND, 52 MILE LIKE YOU SAID STUDY OF THE WHITE
RIVER. THIS LIVING FOR THESE MILLENNIALS IS ALL ABOUT QUALITY OF PLACE, QUALITY OF LIVING.
AND THAT KIND OF FEATURE EXTRA BENEFITS ADDS TO IT. >> AND NORSE, WE WERE TALKING BEFORE WE STARTED HERE.
THE QUESTION IS THAT BUSINESS, THAT COMMERCIAL, THAT ECONOMIC DEVELOPMENT, THAT CAN HAPPEN. >> RIGHT.
YOU KNOW, YOU LOOK AT FORT WAYNE, AND THE PROMENADE PLACE. IT IS A WONDERFUL THING FOR THAT CITY.
HAVE YOU TO APPLAUD ALL THE STEPS THAT FORT WAYNE IS TAKING TO REALLY SORT OF COMPETE WHEN IT COMES TO BEING ABLE TO DRAW
CITIZENS AND DRAWING ECONOMIC DEVELOPMENT. BUT AT THE END OF THE DAY, THINGS LIKE PROMENADE PLACE AS
GREAT AS IT IS AS A PUBLIC FEATURE. THE QUESTION BECOMES WHETHER OR NOT THAT IS GOING TO SPUR THE
KIND OF PRIVATE DEVELOPMENT THAT IS REALLY GOING TO TAKE FORT WAYNE TO THE NEXT LEVEL. >> Gerry: GOING FROM WATER TO
AIR. MORE NON STOP FLIGHTS, AND NOT JUST IN INDIANAPOLIS. INDIANAPOLIS GETTING NON STOPS
TO TUCSON, AND ALSO WEST PALM BEACH IN FLORIDA. FORT WAYNE AND SOUTH BEND GETTING SEASONAL NON STOPS AS
WELL. AIR SERVICE, MAYBE A SIGN OF THE ECONOMY, BUT CONTINUES TO IMPROVE.
>> NEEDS TO GROW, AND SPURRED BY DEMAND. I THINK THIS IS EXCITING. WE'VE TALKED ABOUT THIS BEFORE.
MORE FLIGHTS IN AND OUT OF INDIANA MEANS MORE PEOPLE WANT TO BE HERE. >> Gerry: AND I KNOW FORT WAYNE
AND SOUTH BEND ARE REALLY HAPPY TO BEGIN TO GET MORE AIR SERVICE, AS WELL. AND HERE IN INDY, UP OVER 50, I
THINK, NON STOPS. IT USED TO BE THE BIG KNOCK. HARDLY NO NON STOPS. >> CORRECT.
AND THAT'S ALWAYS A BIG DEAL. I'VE SAID BEFORE, WHEN I WAS HERE, MY CLIENTS APPRECIATE BEING ABLE TO TAKE ONE PLANE TO
GET HERE. IF THEY'RE COMING HERE FOR ANY PURPOSE TO VISIT ME OR TO CONDUCT BUSINESS, THEY WANT TO
MAKE SURE THAT THEY CAN GET HERE, AND ONLY HAVE TO TAKE ONE PLANE. SO THE MORE NON STOPS WE HAVE,
THE BETTER IT'S GOING TO BE FOR THE CITY. THAT GROWTH IS TREMENDOUS FOR US.
>> Gerry: OKAY. ONLY A MINUTE LEFT. WE HAVE TO TALK ABOUT GOOD LUCK, EVERYONE ELSE IS.
NO ONE KNOWS WHAT'S GOING ON. FRANK, WHAT IS YOUR TAKE? WHAT DO YOU SEE AS HOW THIS PLAYS OUT?
>> I THINK READY OPENING WEEK. GOING TO BE A GREAT SEASON, PLAYOFFS ARE COMING, GET YOUR TICKETS EARLY, LET'S GO COLTS.
>> HOW IMPORTANT IS IT TO HAVE THE COLTS BE GOOD, BE EXCITING? VERYBODY LIKES A WINNER BUT THAT HAS AN IMPACT ON DOWNTOWN.
>> IT DOES. >> Gerry: THE ENVIRONMENT. >> IT MAKES A BIG DIFFERENCE WITH REGARD TO PUTTING PEOPLE IN
RESTAURANTS AND BARS, AND YOU CAN ALWAYS FEEL IT IN THE CITY WHEN THE COLTS, WHEN THE PACERS ARE DOING WELL.
IT'S REALLY FUN. >> Gerry: THERE ARE A LOT OF MEDICAL EXPERTS OUT THERE WE'VE BEEN HEARING FROM, SO-CALLED
MEDICAL EXPERTS.