WEBVTT

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EACH WEEK A GROUP OF INSIDERS
JOINS ME TO OFFER PERSPECTIVE ON
THE WEEK'S TOP STORIES. THIS
WEEK SOUNDING OFF ON THE

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ECONOMIC IMPACT OF ONLINE SPORTS
BETTING IN INDIANA AND MORE
POSITIVE SIGNS FOR TECH GROWTH
IN THE STATE.

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JOINING ME ARE BOSE PUBLIC
AFFAIRS GROUP PRINCIPAL ROGER
HARVEY, COPPER MOUNTAIN
TECHNOLOGIES CEO IRENA

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GOLOSCHOKIN AND GREGORY & APPEL
INSURANCE VICE PRESIDENT STEVE
APPEL. WELCOME!
>> GOOD TO BE HERE.

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>> A BIG WEEK IN THE STATE OF
INDIANA, THE STATE OF THE STATE
ADDRESS, GOVERNOR HOLCOMB
DELIVERING THAT ADDRESS EARLIER

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IN THE WEEK, ROGER, I'LL START
WITH YOU, THERE WAS AN ECONOMIC
DEVELOPMENT ANNOUNCEMENT,
TEACHER PAY WAS IN THERE,

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TOBACCO ISSUES, YOUR TAKE-AWAY.
>> A COUPLE THINGS, PROBABLY THE
BIGGEST, FOR YEARS THEY'VE
TALKED ABOUT TOBACCO AND RAISING

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THE AGE. THIS YEAR, IT APPEARS
EVERYONE IS SPRAINING AN ANKLE
JUMPING ON THE TRAIN. THAT
CERTAINLY WILL BE A GOOD THING

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FROM A HEALTH STANDPOINT. THE
OTHER THING, IT'S ALWAYS GREAT
TO BE GOVERNOR WHEN REVENUE
EXCEEDS FORECASTS, RIGHT?

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AND SO THAT'S A GOOD PROBLEM TO
HAVE, ALTHOUGH THAT MEANS LOTS
OF PEOPLE ARE GOING TO HAVE
IDEAS ON HOW TO SPEND THAT EXTRA

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MONEY. THE GOVERNOR WAS
THOUGHTFUL HOW HE CAME OUT WITH
A PLAN IN TERMS OF HOW TO
UTILIZE THAT MONEY, HELP WITH

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INFRASTRUCTURE IN KEY PARTS
AROUND THE STATE, WHICH WILL
HELP HIGHER EDUCATION AND THOSE
ATTENDING SCHOOLS.

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>> CERTAINLY WAYS TO SPEND THE
MONEY, EDUCATION IN INDIANA A
BIG ISSUE, AND TEACHER PAY A BIG
ISSUE, THAT WAS ADDRESSED IN THE

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SPEECH.
>> YES, THAT IS VERY, VERY
IMPORTANT. THE MORE MONEY WE CAN
PAY TEACHERS, THE BETTER

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TEACHERS WE HAVE. WE HAVE MORE
TALENTED PEOPLE GOING INTO
TEACHING, THAT MEANS BETTER
CHILDREN, BETTER EDUCATED

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POPULOUS.
>> YES.
>> ALWAYS A GOOD THING.
>> STEVE.

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>> CLEARLY THE RED MOVEMENT THE
TEACHERS HAVE BEEN DOING HAS HAD
SOME EFFECT, IT'S GETTING
ADDRESSED, STILL NOT FULLY

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WORKED OUT IT APPEARS, BUT I'M
SURE SOMETHING IS GOING TO
HAPPEN, AT LEAST THE PENSIONS
ARE GETTING FUNDED.

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>> ROGER MENTIONED THE STATE
REVENUE SITUATION, ALSO AN
ECONOMIC DEVELOPMENT
ANNOUNCEMENT IN THE SPEECH. FIAT

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CHRYSLER IN HOWARD COUNTY,
$400 MILLION, RETOOLING...IT
SEEMS AS THOUGH THE INDIANA
ECONOMY, INCLUDING MANUFACTURING

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SECTOR, HEADING INTO 2020 LOOKS
PRETTY POSITIVE.
>> VERY EXCITING TO SEE THAT.
THERE'S -- AS AN EMPLOYER, I

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WILL TELL YOU, HIRING IS HARD.
BECAUSE THERE'S LOTS OF GOOD
JOBS, AND ANYBODY WHO IS ANY
GOOD HAS A JOB RIGHT NOW.

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>> WE'LL GET TO YOU ON THE TECH
THING IN A MEAN, TOO. STEVE,
BECAUSE THERE ARE MANUFACTURING
JOBS TEND TO PAY ABOVE OR

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SOMETIMES A LOT ABOUT THE
AVERAGE WAGE.
>> GOOD TO SEE INDIANA
MAINTAINING ITS COMPETITIVE

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AUTOMOTIVE STANCE IN THE
COUNTRY. BUT ALSO IT'S NICE TO
SEE AS A TAXPAYER IS WHEN THOSE
INCENTIVES AREN'T PAID OUT UNTIL

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THEY'VE ACTUALLY HIRED THE
PEOPLE. LIKE TO SEE THAT DONE AS
WELL.
>> I WOULD ADD, I THINK

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SOMETIMES PEOPLE FORGET WHEN YOU
LOOK AT INDIANA ECONOMY AND THE
HISTORY, WE HAVE BEEN SUCCESSFUL
IN MANUFACTURING FOR A NUMBER OF

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YEARS. WHEN YOU SEE THIS
ADDITIONAL INVESTMENT, IN THE
AUTOMOTIVE AREA, AND THEN WHEN
YOU LOOK AT THE OTHER ASSETS WE

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HAVE IN AUTOMOTIVE INVESTMENTS,
WHETHER TOYOTA IN PRINCETON,
HONDA IN GREENSBURG, SUBARU IN
LAFAYETTE CONTINUES TO BUILD ON

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THAT MOMENTUM, WE ARE A LEADER
IN MANUFACTURING, THAT IS
SOMETHING I KNOW OUR LEADERS IN
THE STATE HAVE EMBRACED FOR A

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NUMBER OF YEARS.
>> GOOD POINT, NEXT GENERATION
MANUFACTURING TO BE SURE.
TECHNOLOGY INVESTMENTS CERTAINLY

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THE TECH ECOSYSTEM IF YOU WILL
IN INDIANA HAS EXPERIENCED A LOT
OF MOMENTUM, A COUPLE OF STORIES
THIS WEEK, TECH INVESTMENT SAW

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TRIPLE DIGIT INCREASE IN INDIANA
LAST YEAR, ALSO, INDIANA AMONG
THE TOP TEN -- A SURVEY OUT FROM
ZILLOW.

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>> EXCITING TO SEE THE
RECOGNITION OF ALL THE HARD WORK
THAT THE TECH COMMUNITY HAS DONE
OVER THE YEARS. BACK TO 1990s,

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ARTISTRY START, ONE OF THE FIRST
SOFTWARE COMPANIES, THE
GRANDDADDY OF IT ALL, AND A LOT
OF THE COMMUNITY WORK, IT'S BEEN

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VERY EXCITING TO SEE THE GROWTH.
>> AND BECAUSE WE DO A LOT OF
THESE STORIES, YOU KNOW,
STARTUPS LAUNCHING, AND A LOT OF

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VERY POSITIVE STORIES, SOME
PEOPLE SAY IS IT REALLY AS
POSITIVE, AND SOME OF THE NEWS
IS, THERE SEEMS TO BE A LOT OF

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MOMENTUM, YOU'RE IN THE MIDST OF
IT, YOU SEE IT EVERY DAY. WHAT
IS YOUR TAKE ON THE TECH OF THE
ECONOMY IN INDIANA.

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>> THRIVING, EVEN BEING DOWNTOWN
WHERE MY OFFICE S YOU SEE PEOPLE
THERE, EXCITEMENT AND ENERGY IN
THE AIR. THE ACQUISITIONS, YOU

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LOOK AND SAY ANOTHER COMPANY GOT
ACQUIRED BY OUT OF STATE. WHAT
HAPPENS, THESE PEOPLE TAKE THEIR
MONEY, THEY GO BUILD NEW

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BUSINESSES, IT IS A GREAT THING
FOR THE STATE.
>> I SAW THAT THE NUMBER WAS 350
PLUS MILLION THIS YEAR, AND AT A

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RECENT LUNCHEON, THEY SAID 500
MILLION IS KIND OF THE NEXT
TARGET FOR INDIANA TO TRY AND
GET TO. I WOULDN'T BE SURPRISED

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IF HIT IT NEXT YEAR OR THE YEAR
AFTER.
>> A WAY BIG PART OF THAT
GETTING VC MONEY FROM INDIANA

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AND OTHER PARTS, PLACES AROUND
THE COUNTRY, ALWAYS A CHALLENGE
FOR INDIANA. A STUDY CAME OUT
FROM NOTRE DAME THAT I THOUGHT

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WAS INTERESTING, TALKING ABOUT
AIR TRAVEL BETWEEN CITIES AND
TECH COMMUNITIES CUTTING DOWN ON
LOCAL INVESTOR BIAS AND OPENING

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UP THE GATEWAYS FOR MORE
INVESTMENT. I KNOW YOU HAVE AN
OPINION IRENA GOLOSCHORKIN, WE
SEE INDIANAPOLIS HAD VERY FEW

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NON-STOP YEARS AGO, NOW WE HAVE
OVER 50.
>> YES. DIRECT FLIGHT TO
SAN FRANCISCO IS ONE OF THE

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REASNS WE HAVE THE INCREASED VC
INVESTMENT. THE VENTURE CAPITAL,
PLACES WHERE THEY HAVE MORE THAN
ONE INVESTMENT, ONE TRIP AND

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COVER MULTIPLE COMPANIES, IF
THEY CAN DO IT IN A DAY THAT'S
EVEN BETTER. SO, FROM THAT
PERSPECTIVE, THESE THINGS ARE

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KEY, AND BOSTON IS ANOTHER
INVESTMENT HUB, SO I THINK
ACHIEVING 500 MILLION JUST GOT A
LITTLE EASIER.

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>> YEAH. ABSOLUTELY. I MEAN, THE
COAST, YOU LOOK AT THE LARGE
POPULATION CENTERS, THE MAJORITY
ARE GOING TO BE ON BOTH COASTS.

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AND WITH THE PEOPLE OUT THERE,
AND THE SIZE COMPANIES, THAT'S
WHERE A LOT OF THE FINANCIAL
RESOURCES ARE, AND IN THE PAST,

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IT'S REALLY TAKEN A HUGE EFFORT
TO GET PEOPLE INTERESTED. JUST
INTERESTED. AND THEN YOU GOT TO
FIGURE OUT HOW TO GET THEM HERE.

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SO THE MORE DIRECT FLIGHTS WE V
AS WE SEE MORE AND MORE OF THESE
INDEPENDENT THIRD-PARTY GROUPS
RANKING US, ALTHOUGH I AM

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QUESTIONING HOW OKLAHOMA CITY
WAS NUMBER ONE. I'LL GET HATE
MAIL FOR THAT. I LIKE OKLAHOMA
CITY. I DON'T THINK THEY'RE

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NUMBER ONE. THE NON-STOP DIRECT
FLIGHTS ARE REALLY GOING TO HELP
US CONTINUE TO BUILD ON THAT
MOMENTUM.

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>> WE SAW ANOTHER NON-STOP ADDED
TO BOSTON, EAST COAST TECH HUB
AS WELL.
>> AND THE BIG LIFE SCIENCE

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ACTIVITY IN BOSTON, WHICH WILL
HELP OUR LIFE SCIENCE COMMUNITY
HERE, TOO.
>> IN TERMS OF DOLLARS, BIG

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DOLLARS COMING INTO THE STATE,
SPORTS BETTING WAS JUST
LEGALIZED, ACTUALLY LAUNCHED IN
INDIANA IN EARLY SEPTEMBER,

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THROUGH FOUR MONTHS. I THINK THE
NUMBER IS WELL OVER $400 MILLION
WAS WAGERED BOTH IN THE SPORTS
BOOKS AND ALSO ONLINE. IT SEEMS

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AS THOUGH A CONSECUTIVELY
LAUNCH, AND ONE THAT SPORTS
BETTING IS HERE TO STAY, AND
INDIANA, ONE OF THE LEADERS, ONE

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OF THE INNOVATORS, ONE OF THE
FIRST FEW STATES IN THE GAMING
BUSINESS.
>> WELL, THINGS LIKE "FANTASY

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FOOTBALL" HAVE BEEN LEADING THIS
IN THE SPORTS BETTING, AND I
THINK IT'S EXCITING, AND IT DOES
MERGE TECHNOLOGY WITH SPORTS,

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AND I THINK IT ACTUALLY DOES
DRIVE MORE INTEREST, AND
ESPECIALLY THE CONCERN, THOUGH,
IT'S SO MUCH FUN THAT THE BOCA

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RATON BOWL STARTS LOOKING
INTERESTING, HOPEFULLY PEOPLE
ARE WATCHING.
>> I WOULD ADD, TO BE THE

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BIGGEST THING, HOW WE GOT OUT
EARLY ON THIS. OTHER STATES ARE
GOING TO FIGURE THIS OUT. I
THINK IT'S IMPORTANT TO

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ESTABLISH THAT BEACHHEAD EARLY
ON AND HELP US WEATHER SOME OF
THESE OTHER STATES THAT JUMP
ONLINE. SO DIFFERENT THAN WHAT

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IT WAS WITH THE CASINO INDUSTRY,
AS MORE AND MORE CASINOS STARTED
POPPING UP IN OTHER STATES, THAT
IMPACTED OUR INCOME, AND REVENUE

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FROM GAMBLING.
>> 68% OF THE WAGERS WERE
ONLINE. AND THE SPORTS BOOKS,
THE CASINOS INVESTING MILLIONS

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OF DOLLARS TO CREATE SPORTS
BOOKS IN PHYSICAL STRUCTURES
AROUND THE STATE, IT'S MEANT
JOBS AROUND THE STATE. THAT'S

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ALL THE TIME WE HAVE FOR
INSIDERS, ROGER HARVEY, IRENA