WEBVTT STYLE ::cue { background-color: transparent; } ::cue(.fg_color_0000c0ff) { color: #0000c0ff; } 1 00:00:00.000 --> 00:00:04.137 EACH WEEK A GROUP OF INSIDERS JOINS ME TO OFFER PERSPECTIVE ON THE WEEK'S TOP STORIES. THIS WEEK WE'RE SOUNDING OFF ON 2 00:00:04.137 --> 00:00:10.910 INDIANA COLLEGES AND UNIVERSITIES ENGAGING IN ECONOMIC DEVELOPMENT, A TOUGH YEAR CONTINUES FOR FARMERS AND 3 00:00:10.910 --> 00:00:16.216 HOW IS ANDREW LUCK? QUESTION OF THE WEEK. JOINING ME ARE KATZ KORIN CUNNINGHAM CO-FOUNDING PARTNER 4 00:00:16.216 --> 00:00:21.955 NORRIS CUNNINGHAM, HATHAWAY STRATEGIES PRESIDENT ANNE HATHAWAY AND SHORT STRATEGY GROUP CHAIRMAN & CEO FRANK T. 5 00:00:21.955 --> 00:00:31.731 SHORT. WELCOME ONE AND ALL TO ANOTHER EDITION OF THE INSIDERS. INDIANA'S COLLEGES AND 6 00:00:31.731 --> 00:00:37.370 UNIVERSITIES, AND WE ARE FORTUNATE TO HAVE BOTH ON THE PUBLIC SIDE AND PRIVATE SIDE, A LOT OF GREAT UNIVERSITIES. 7 00:00:37.370 --> 00:00:44.477 FRANK, THIS WEEK, I THINK IS A GOOD EXAMPLE OF HOW THEY'RE ENGAGING IN A LOT OF DIFFERENT THINGS FROM AN ECONOMIC 8 00:00:44.477 --> 00:00:50.083 DEVELOPMENT AND OTHERWISE STANDPOINT. PURDUE GETTING A FIRST OF ITS KIND LAB TO STUDY AND INNOVATE 9 00:00:50.083 --> 00:00:57.924 WHEN IT COMES TO FOOD SAFETY AROUND THE WORLD, COMPETE WITH OTHER UNIVERSITIES. PURDUE IS GOING TO HOST ALONG 10 00:00:57.924 --> 00:01:03.663 WITH CORNELL UNIVERSITY. ANOTHER FEATHER IN THE CAP FOR PURDUE. >> I THINK IT'S AN EXAMPLE OF 11 00:01:03.663 --> 00:01:09.502 THE KIND OF EDUCATION INSTITUTIONS WE HAVE IN INDIANA. ALWAYS ON THE FOREFRONT, ALWAYS WORKING, HAVE TO GIVE CREDIT TO 12 00:01:09.502 --> 00:01:14.707 PRESIDENT OF PURDUE, VERY INNOVATIVE THINKER, AND I'M SURE HE'S WORKED ON THAT, THE OTHER PROJECTS HE'S BEEN WORKING ON. 13 00:01:14.707 --> 00:01:21.714 I THINK, AGAIN, ANOTHER EXAMPLE OF THE KINDS OF THINGS THAT INDIANA IS DOING, THE STATE SCHOOLS, 31 INDEPENDENT SCHOOLS 14 00:01:21.714 --> 00:01:29.889 THAT WE HAVE HERE, TO WORK ON, YOU KNOW, TO MAKE THE BRAIN DRAIN THE BRAIN GAIN. I THINK THIS IS A SHINING 15 00:01:29.889 --> 00:01:35.962 EXAMPLE OF THAT. >> ANOTHER EXAMPLE OF INDIANA LEADING IN THE WHOLE FOOD FEEDING THE WORLD EQUATION. 16 00:01:35.962 --> 00:01:43.670 TO BLOOMINGTON AND I.U., INNOVATION THERE, AS WELL. I.U. VENTURES REALLY BEGINNING TO GROW AND ATTEMPTING TO 17 00:01:43.670 --> 00:01:49.642 CONNECT ENTREPRENEURS AND INNOVATORS, AND FOR THAT MATTER, PROFESSORS AT THE SCHOOL WITH I.U. ALUMS AND OTHERS WHO CAN 18 00:01:49.642 --> 00:01:53.112 GET PRODUCTS, IDEAS, INNOVATION TO THE MARKETPLACE, WHICH IS WHAT IT'S ALL ABOUT. >> WELL, IT IS. 19 00:01:53.112 --> 00:02:01.921 AND IT'S GOING TO TAKE IT OUTSIDE OF INDIANA BORDERS, ACROSS THE COUNTRY, AND BRING IN ALUMNI FROM ACROSS THE COUNTRY. 20 00:02:01.921 --> 00:02:06.860 TO FRANK'S POINT, WE HAVE REALLY GOOD THINGS HAPPENING IN INDIANA. AS THE GOVERNOR SAYS, WE'RE 21 00:02:06.860 --> 00:02:13.500 TAKING -- INDIANA TO THE WORLD, AND THE WORLD TO INDIANA. AND IT'S PRETTY EXCITING. >> IT IS. 22 00:02:13.500 --> 00:02:23.610 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 23 00:02:23.610 --> 00:02:33.753 THEIR PROFESSORS TO REALLY TAKE ADVANTAGE OF THEIR OWN INTELLECTUAL PROPERTY AND HAVE AN OUTLET FOR THAT IN A WAY THAT 24 00:02:33.753 --> 00:02:39.559 INCREASES THE -- THEIR ABILITY TO GET THEIR NAME OUT THERE, TO BE KNOWN. >> Gerry: WHICH HASN'T ALWAYS 25 00:02:39.559 --> 00:02:43.129 BEEN THE CASE IN INDIANA. >> CORRECT. EXACTLY RIGHT. IT HASN'T ALWAYS BEEN THE CASE. 26 00:02:43.129 --> 00:02:49.669 THIS IS AN OPPORTUNITY FOR THEM TO REALLY GET RECOGNITION, NATIONAL RECOGNITION SOME GLOBAL RECOGNITION FOR A LOT OF THEIR 27 00:02:49.669 --> 00:02:54.274 OWN INTELLECTUAL PROPERTY. IT IS A GREAT THING. >> Gerry: THE STATE'S PRIVATE INSTITUTIONS. 28 00:02:54.274 --> 00:03:01.614 FRANKLIN COLLEGE WITH A HUGE INITIATIVE, THEY'RE ABOUT TO LAUNCH THE PURSUIT, WHICH IS WHAT THEY'RE CALLING THE MOST 29 00:03:01.614 --> 00:03:08.955 COMPREHENSIVE CHANGE IN EVOLUTION, I GUESS, OF THEIR CURRICULUM. >> I'M A FAN OF LIBERAL ARTS, 30 00:03:08.955 --> 00:03:17.163 I'M A PRODUCT OF A LIBERAL ARTS EDUCATION, MYSELF. AND TO SEE FRANKLIN COLLEGE TAKING THIS HUGE STEP, REALLY 31 00:03:17.163 --> 00:03:25.405 DEALING WITH ONE OF THE KNOCKS AGAINST LIBERAL ARTS EDUCATION HAS ALWAYS BEEN ITS LACK OF RELEVANCE TO EXPERIENCE-BASED 32 00:03:25.405 --> 00:03:44.891 LEARNING. THE IDEA THAT YOU SORT OF LEARN THESE HE IS -- COULD BE BE -- CONCEPTS, INFORMATION WITH 33 00:03:44.891 --> 00:03:51.664 REGARD TO TECHNOLOGY, HAVING THEM WORK IN ACTUAL SETTINGS ON CAREER DEVELOPMENT, PROFESSIONAL DEVELOPMENT. 34 00:03:51.664 --> 00:03:58.571 THAT'S A BIG STEP FOR LIBERAL ARTS COLLEGE, IT REALLY SHOULD BE APPLAUDED. >> SHIFTING GEARS A BIT TO THE 35 00:03:58.571 --> 00:04:05.645 FARM AND THE AGRICULTURAL ECONOMY, IN INDIANA, A VERY WET SPRING AND IN RECENT WEEKS VERY DRY, TOO. 36 00:04:05.645 --> 00:04:11.651 THE WEATHER HAS BEEN A REAL ISSUE. THE USDA CAME OUT WITH YIELD PROJECTIONS THIS WEEK THAT WERE 37 00:04:11.651 --> 00:04:16.956 NOT POSITIVE, AREN'T GOING TO KNOW FOR A FEW WEEKS EXACTLY WHAT HAPPENS. A LOT OF CONCERN ON THE FARM. 38 00:04:16.956 --> 00:04:23.096 ANNE, YOU GREW UP IN A RURAL AREA. >> I DID. >> A RESIDENT FARM EXPERT. 39 00:04:23.096 --> 00:04:27.467 YOUR TAKE. MOST PEOPLE THINK IT IS GOING TO HAVE A NEGATIVE IMPACT. MAYBE NOT AS SOME. 40 00:04:27.467 --> 00:04:34.540 >> YOU HIT THE NAIL ON THE HEAD. A ROUGH SPRING, A HURRY TO GET CROPS IN THE FIELD WHEN THE WEATHER FINALLY TURNED. 41 00:04:34.540 --> 00:04:42.815 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 42 00:04:42.815 --> 00:04:48.221 HARVEST. OBVIOUSLY WE'RE CONCERNED ABOUT THE PRICES. WHEN IS THE FIRST FROST GOING TO 43 00:04:48.221 --> 00:04:54.360 HAPPEN? BUT IT'S REALLY TOO EARLY TO KNOW WHERE WE REALLY ARE. >> AND WE'LL SEE. 44 00:04:54.360 --> 00:04:59.399 I CALL FARMERS THE ULTIMATE ENTREPRENEURIAL. THEY ARE OUT THERE FIGHTING IT ON THEIR OWN. 45 00:04:59.399 --> 00:05:04.504 SPEAKING OF WATER, COMMUNITIES AROUND THE STATE, FRANK, ARE REALLY BEGINNING TO EMBRACE THE WATER. 46 00:05:04.504 --> 00:05:11.477 THE WHITE RIVER STUDY, 52 MILES FROM HAMILTON COUNTY, TO DOWNTOWN INDIANAPOLIS, ON WHAT TO DO, AND HOW TO TAKE ADVANTAGE 47 00:05:11.477 --> 00:05:20.720 OF THE WHITE RIVER. FORT WAYNE, JUST HAD A CHRISTENING OF THAT, THE THREE RIVERS. 48 00:05:20.720 --> 00:05:27.326 HEY, WE CAN LEVERAGE AND REALLY EMBRACE. >> I THINK ONE OF THE KNOCKS, WE DON'T HAVE OCEANS, MOUNTAINS, WE 49 00:05:27.326 --> 00:05:36.035 DO HAVE WATERWAYS, IN A LOT OF PLACES LIKE FORT WAYNE, THE PLAZA, SOUTH BEND, 52 MILE LIKE YOU SAID STUDY OF THE WHITE 50 00:05:36.035 --> 00:05:41.708 RIVER. THIS LIVING FOR THESE MILLENNIALS IS ALL ABOUT QUALITY OF PLACE, QUALITY OF LIVING. 51 00:05:41.708 --> 00:05:48.014 AND THAT KIND OF FEATURE EXTRA BENEFITS ADDS TO IT. >> AND NORSE, WE WERE TALKING BEFORE WE STARTED HERE. 52 00:05:48.014 --> 00:05:53.352 THE QUESTION IS THAT BUSINESS, THAT COMMERCIAL, THAT ECONOMIC DEVELOPMENT, THAT CAN HAPPEN. >> RIGHT. 53 00:05:53.352 --> 00:06:01.027 YOU KNOW, YOU LOOK AT FORT WAYNE, AND THE PROMENADE PLACE. IT IS A WONDERFUL THING FOR THAT CITY. 54 00:06:01.027 --> 00:06:10.336 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 55 00:06:10.336 --> 00:06:16.843 CITIZENS AND DRAWING ECONOMIC DEVELOPMENT. BUT AT THE END OF THE DAY, THINGS LIKE PROMENADE PLACE AS 56 00:06:16.843 --> 00:06:20.813 GREAT AS IT IS AS A PUBLIC FEATURE. THE QUESTION BECOMES WHETHER OR NOT THAT IS GOING TO SPUR THE 57 00:06:20.813 --> 00:06:28.221 KIND OF PRIVATE DEVELOPMENT THAT IS REALLY GOING TO TAKE FORT WAYNE TO THE NEXT LEVEL. >> Gerry: GOING FROM WATER TO 58 00:06:28.221 --> 00:06:33.292 AIR. MORE NON STOP FLIGHTS, AND NOT JUST IN INDIANAPOLIS. INDIANAPOLIS GETTING NON STOPS 59 00:06:33.292 --> 00:06:39.866 TO TUCSON, AND ALSO WEST PALM BEACH IN FLORIDA. FORT WAYNE AND SOUTH BEND GETTING SEASONAL NON STOPS AS 60 00:06:39.866 --> 00:06:43.703 WELL. AIR SERVICE, MAYBE A SIGN OF THE ECONOMY, BUT CONTINUES TO IMPROVE. 61 00:06:43.703 --> 00:06:49.642 >> NEEDS TO GROW, AND SPURRED BY DEMAND. I THINK THIS IS EXCITING. WE'VE TALKED ABOUT THIS BEFORE. 62 00:06:49.642 --> 00:06:55.381 MORE FLIGHTS IN AND OUT OF INDIANA MEANS MORE PEOPLE WANT TO BE HERE. >> Gerry: AND I KNOW FORT WAYNE 63 00:06:55.381 --> 00:07:00.887 AND SOUTH BEND ARE REALLY HAPPY TO BEGIN TO GET MORE AIR SERVICE, AS WELL. AND HERE IN INDY, UP OVER 50, I 64 00:07:00.887 --> 00:07:05.825 THINK, NON STOPS. IT USED TO BE THE BIG KNOCK. HARDLY NO NON STOPS. >> CORRECT. 65 00:07:05.825 --> 00:07:13.966 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 66 00:07:13.966 --> 00:07:20.673 GET HERE. IF THEY'RE COMING HERE FOR ANY PURPOSE TO VISIT ME OR TO CONDUCT BUSINESS, THEY WANT TO 67 00:07:20.673 --> 00:07:25.144 MAKE SURE THAT THEY CAN GET HERE, AND ONLY HAVE TO TAKE ONE PLANE. SO THE MORE NON STOPS WE HAVE, 68 00:07:25.144 --> 00:07:28.414 THE BETTER IT'S GOING TO BE FOR THE CITY. THAT GROWTH IS TREMENDOUS FOR US. 69 00:07:28.414 --> 00:07:33.920 >> Gerry: OKAY. ONLY A MINUTE LEFT. WE HAVE TO TALK ABOUT GOOD LUCK, EVERYONE ELSE IS. 70 00:07:33.920 --> 00:07:39.926 NO ONE KNOWS WHAT'S GOING ON. FRANK, WHAT IS YOUR TAKE? WHAT DO YOU SEE AS HOW THIS PLAYS OUT? 71 00:07:39.926 --> 00:07:48.734 >> I THINK READY OPENING WEEK. GOING TO BE A GREAT SEASON, PLAYOFFS ARE COMING, GET YOUR TICKETS EARLY, LET'S GO COLTS. 72 00:07:48.734 --> 00:07:56.309 >> HOW IMPORTANT IS IT TO HAVE THE COLTS BE GOOD, BE EXCITING? VERYBODY LIKES A WINNER BUT THAT HAS AN IMPACT ON DOWNTOWN. 73 00:07:56.309 --> 00:08:02.515 >> IT DOES. >> Gerry: THE ENVIRONMENT. >> IT MAKES A BIG DIFFERENCE WITH REGARD TO PUTTING PEOPLE IN 74 00:08:02.515 --> 00:08:08.354 RESTAURANTS AND BARS, AND YOU CAN ALWAYS FEEL IT IN THE CITY WHEN THE COLTS, WHEN THE PACERS ARE DOING WELL. 75 00:08:08.354 --> 00:08:14.193 IT'S REALLY FUN. >> Gerry: THERE ARE A LOT OF MEDICAL EXPERTS OUT THERE WE'VE BEEN HEARING FROM, SO-CALLED 76 00:08:14.193 --> 00:08:15.194 MEDICAL EXPERTS.