WEBVTT 1 00:00:00.000 --> 00:00:05.672 >>GERRY: THE PRIVATE AND PUBLIC SECTORS ARE COLLABORATING LIKE NEVER BEFORE...BANDING TOGETHER TO CREATE PARTNERSHIPS TO GET 2 00:00:05.672 --> 00:00:13.813 INDIANA BACK TO WORK. THIS WEEK, WE BEGIN THE FIRST OF THREE BI-WEEKLY SEGMENTS WITH OUR PARTNERS AT KSM LOCATION 3 00:00:13.813 --> 00:00:17.450 ADVISORS TO DRILL DOWN ON WHAT IT'S GOING TO TAKE TO RESTART INDIANA'S ECONOMY. PLEASED TO BE JOINED BY INDIANA 4 00:00:17.450 --> 00:00:29.329 SECRETARY OF COMMERCE JIM SCHELLINGER, FISHERS MAYOR SCOTT FADNESS AND KSM LOCATION ADVISORS PRESIDENT KATIE CULP. 5 00:00:29.329 --> 00:00:37.303 WELCOME ONE AND ONTO THE FIRST EDITION OF AN EVENT THAT WE REALLY WANT TO FOCUS IN ON BUSINESS SURVIVAL TACTICS 6 00:00:37.303 --> 00:00:47.313 GETTING INDIANA BACK TO WORK AND JIM I WILL START WITH YOU. THE IDC CERTAINLY THE GOVERNOR'S OFFICE HAVE ALL BEEN ON THE 7 00:00:47.313 --> 00:00:54.487 FRONT LINE OF WORKING COLLABORATIVELY AROUND THE STATE WITH PRIVATE SECTOR COMPANIES, COMMUNITY ORGANIZATIONS AND 8 00:00:54.487 --> 00:00:59.392 OTHERS COLLECTING PERSONAL PROTECTIVE EQUIPMENT AND THOSE TYPES OF THINGS GIVE US FROM YOUR STANDPOINT WHAT YOU ARE 9 00:00:59.392 --> 00:01:07.967 SEEING AROUND THE STATE WHEN IT COMES TO THESE COLLABORATIONS THAT REALLY WE ARE SEEING ON A DAILY BASIS. 10 00:01:07.967 --> 00:01:17.143 >>: IT'S INTERESTING WE ARE ON DAY 42 OF THE EXECUTIVE ORDER AND AT THAT POINT THE GOVERNOR ASKED THE IDC BECOME A CONCIERGE 11 00:01:17.143 --> 00:01:22.515 SERVICE IN ADDITION TO CONTINUING THEIR WORK ON AN EVERYDAY BASIS, BUT WE'VE REACHED OUT AND SPOKEN TO 12 00:01:22.515 --> 00:01:30.390 THOUSANDS OF BUSINESSES AND DID A SURVEY THE GOVERNOR LED A SURVEY TO SEND IT OFF TO 15 DIFFERENT ORGANIZATIONS TO SAY 13 00:01:30.390 --> 00:01:40.934 WHAT IS THE BEST PRACTICE WHEN CERTAIN NONESSENTIAL BUSINESSES REOPEN AND WE HAVE ASKED FOR THAT BY MARKET SECTOR AND BY 14 00:01:40.934 --> 00:01:48.942 ASSOCIATION AND I'M REALLY IMPRESSED I HAVE TO TELL YOU THE PEOPLE THAT ARE PUTTING THESE MUCH MORE THOROUGH THAN WHAT WE 15 00:01:48.942 --> 00:01:56.316 ARE SEEING OUT OF THE CENTERS FOR DISEASE CONTROL SO WE ARE HAPPY ABOUT THAT, BUT IN TERMS OF PE WE HAVE A TEAM THAT COMES 16 00:01:56.316 --> 00:02:04.924 INTO WORK AND THEY WORKED LATE INTO THE NIGHT BECAUSE OF DIFFERENT TIME ZONES AND PUT TOGETHER PPE AND NOW OVER 17 00:02:04.924 --> 00:02:12.499 7 MILLION ALMOST 8 MILLION PIECES OF PPE THEY'VE ACTUALLY ORDERED IN ALL CATEGORIES WHICH IS GREAT AND WE RECEIVED ABOUT 18 00:02:12.499 --> 00:02:19.372 2 MILLION ALREADY AND THEY ARE CONTINUING TO WORK AROUND THE CLOCK AND WE ARE WORKING CLOSELY WITH THE DEPARTMENT OF HOMELAND 19 00:02:19.372 --> 00:02:27.413 SECURITY IN THIS STATE GARDEN STATE POLICE AND HOMELAND SECURITY VERY CLOSELY WITH THEM TO MAKE SURE WE ARE 20 00:02:27.413 --> 00:02:33.853 COLLABORATING ON ALL OF THIS SO IT'S BEEN A VERY SUCCESSFUL EFFORT, BUT WE STILL HAVE OUR DAY JOBS. 21 00:02:33.853 --> 00:02:42.495 >>: MAYOR FADNESS SECRETARY SCHELLINGER TALKS ABOUT COLLABORATIONS AND THE THINGS HE SEEING AROUND THE STATE OF 22 00:02:42.495 --> 00:02:48.535 INDIANA. YOUR CITY FISHERS HAS PUT TOGETHER -- YOU PUT TOGETHER A COMPREHENSIVE RECOVERY PLAN 23 00:02:48.535 --> 00:02:55.308 REALLY, SO YOU ARE IN THE PLANNING STAGES RIGHT NOW TO IMPLEMENT THAT AND GIVE US IN A NUT SHELL WHY YOU ARE DOING THIS 24 00:02:55.308 --> 00:03:04.918 ON WHY YOU PUT IT TOGETHER AND WHAT IT REALLY INVOLVES. >>: THANKS I KNOW THE GOVERNOR AND DR. BOX AND SECRETARY ARE 25 00:03:04.918 --> 00:03:12.659 ALL HARD AT WORK AND WE KNOW EACH ONE OF THIS AT THE LOCAL LEVEL NEEDS TO DO OUR PART AT A GROSS ROOTS LEVEL TO ENSURE 26 00:03:12.659 --> 00:03:20.233 SMALL BUSINESSES AND LARGER LIKE ALL HAVE THE INFRASTRUCTURE AND INFORMATION THEY NEED TO GET BACK ON THEIR FEET AS QUICKLY AS 27 00:03:20.233 --> 00:03:28.775 POSSIBLE AND WE ARE RECOVERING ONE IS THE PUBLIC HEALTH INFRASTRUCTURE, WHICH IS CRITICAL AND THE OTHERS FROM 28 00:03:28.775 --> 00:03:34.948 ECONOMIC POLICIES THAT WILL ALLOW SMALL BUSINESSES TO GET BACK ON THEIR FEET QUICKLY AND WE ARE EXCITED TODAY IS THE 29 00:03:34.948 --> 00:03:44.257 FIRST DAY WE STARTED TESTING IN FISHERS AND BUSINESSES CAN SIGN UP TO HAVE THEIR EMPLOYEES TESTED AND WE HAVE A DASHBOARD 30 00:03:44.257 --> 00:03:52.665 FOR EACH SO WE ARE EXCITED TO DO OUR PART ON THE LOCAL LEVEL TO ASSURE THE ECONOMY IS READY TO GO FOR WHEN THE GOVERNOR AND 31 00:03:52.665 --> 00:04:00.540 OTHERS MAKE THE INFORMED DECISION TO TURN US BACK ON. >>: MAYOR OBVIOUSLY SAFETY AND HEALTH OUR TOP OF THE LIST WHEN 32 00:04:00.540 --> 00:04:07.513 IT COMES TO FOCUS AREAS ON RESTARTING THE ECONOMY, BUT FROM YOUR PERSPECTIVE WHAT YOU ARE HEARING IN FISHERS AND AROUND 33 00:04:07.513 --> 00:04:14.687 THE REGION, HOW ANXIOUS OUR COMPANIES AND ORGANIZATIONS TO GET BACK TO BUSINESS? >>: THEY ARE. 34 00:04:14.687 --> 00:04:21.861 I CERTAINLY THINK THEY'RE ANXIOUS TO GET BACK TO BUSINESS BUT EVERYONE FOUND A NEW NORMAL IN 42 DAYS AND THERE ARE 35 00:04:21.861 --> 00:04:28.701 COMPANIES SAYING UNTIL WE HAVE THE APPROPRIATE INFRASTRUCTURE IN PLACE WE MAY CONTINUE TO WORK THE WAY WE ARE UNTIL WE FEEL 36 00:04:28.701 --> 00:04:36.109 COMFORTABLE BRINGING PEOPLE BACK IN THE OFFICE SO WHAT I HEAR ON A DAILY BASIS ARE SMALL BUSINESSES IF I'M A SALON OWNER 37 00:04:36.109 --> 00:04:44.450 OR SMALL SHOP OR A RESTAURANT OBVIOUSLY THAT LIVES BY THE RETAIL INTERACTION THEY ARE DYING ON THE VINE AND CERTAINLY 38 00:04:44.450 --> 00:04:52.358 ARE STRUGGLING BUT ONE THING I DID HEAR FROM RESTAURANT OWNERS THAT WAS INTERESTING WHAT ARE YOUR THOUGHTS AND WITH THE PPP 39 00:04:52.358 --> 00:05:00.933 PROGRAM AND THE THINGS THAT ARE OUT THERE WE ARE DOING OKAY. WHAT WE CAN'T SURVIVE IS SPENDING OUR LAST DOLLAR AND 40 00:05:00.933 --> 00:05:08.675 HIRING EVERYONE BACK IN THREE OR FOUR WEEKS LATER GETTING CLOSE DOWN AGAIN BECAUSE OF AN OUTBREAK SO THAT'S WHY AT THE 41 00:05:08.675 --> 00:05:16.683 LOCAL LEVEL WE FEEL PASSIONATE ABOUT TESTING AND MAKING SURE WE HAVE THE INFRASTRUCTURE SO IF WE DO HAVE FLAREUPS WE CAN DEAL 42 00:05:16.683 --> 00:05:25.792 WITH THOSE AND NOT SHUT DOWN THE ENTIRE ECONOMY TO DEAL WITH IT. >>: KATIE I KNOW YOU TALK TO CLIENTS ON A DAILY BASIS ABOUT 43 00:05:25.792 --> 00:05:34.667 THINGS LIKE THE PAYROLL PROTECTION PROGRAM WHICH IS NOW I GUESS IN VERSION TWO AND TALK ABOUT SOME OF THE GOVERNMENT 44 00:05:34.667 --> 00:05:41.274 PROGRAMS THAT ARE NOW AVAILABLE AND WHAT YOU ARE HEARING FROM BUSINESSES NOT ONLY HERE IN INDIANA, BUT EVERYWHERE YOU DO 45 00:05:41.274 --> 00:05:50.383 BUSINESS ABOUT HOW IMPORTANT THOSE ARE TO GETTING BACK TO BUSINESS. >>: IT'S ALL OVER THE GAMUT 46 00:05:50.383 --> 00:05:58.691 RIGHT NOW AND I APPLAUD WHAT THE SECRETARY AND MAYOR ARE DOING IN GOV. HOLCOMB BECAUSE THEY ARE GETTING ONLY SO MUCH INFORMATION 47 00:05:58.691 --> 00:06:06.499 FROM FEDERAL GOVERNMENT, WHICH IS SIMILAR TO THE PPP PROGRAM WHERE BANKS AND ACCOUNTING FIRMS AND THE LIKE ARE TRYING TO 48 00:06:06.499 --> 00:06:14.674 INTERPRET LEGISLATION WHERE MUCH OF IT IS VAGUE AND WHERE WE ARE ALL AWAITING SOME ADDITIONAL GUIDANCE TO COME OUT ABOUT WHAT 49 00:06:14.674 --> 00:06:22.949 SOME OF THIS LOAN FORGIVENESS WILL LOOK LIKE BUT IN GENERAL COMPANIES ARE FALLING INTO THE CATEGORY OF HAVING RECEIVED SOME 50 00:06:22.949 --> 00:06:33.559 PPP APPROVAL MAYBE NOT THE MONEY YET BUT THE APPROVAL AND NOW TRYING TO DECIDE CAN THEY USE IT OR IS IT TOO RISKY TO USE IT. 51 00:06:33.559 --> 00:06:39.665 MIGHT THERE BE RECOURSE TAKEN FROM THE GOVERNMENT TO GET IT BACK AND THEN STILL A LOT OF COMPANIES WHO HAVE NOT RECEIVED 52 00:06:39.665 --> 00:06:47.406 WORD YET AND THEY ARE HANGING ON THE SMALL RESTAURANT OWNERS AND HAIR SALONS LIKE MAYOR FADNESS MENTIONED WHO ARE JUST WAITING 53 00:06:47.406 --> 00:06:55.448 WITH BAITED BREATH TO HEAR WHAT HAPPENS SO THE DEMAND IS FAR IN EXCESS OF THE SUPPLY OF FUNDS AND THERE IS A LOT OF ANXIETY 54 00:06:55.448 --> 00:07:05.291 FLOATING AROUND WITH IT. >>: ARE THERE ADDITIONAL THINGS ARE THINGS YOU SEE THAT THE FEDERAL GOVERNMENT, STATE 55 00:07:05.291 --> 00:07:14.400 GOVERNMENT CAN DO TO HELP FACILITATE AND TO HELP GET FOLKS BACK TO BUSINESS? >>: I THINK EVERYBODY IS DOING 56 00:07:14.400 --> 00:07:20.473 IT. I THINK TO MAYOR SCOTT'S POINT ABOUT YOU DON'T WANT TO OPEN UP AND THEN HAVE TO SHUT DOWN AGAIN 57 00:07:20.473 --> 00:07:29.916 A COUPLE OF WEEKS LATER IT'S THIS CAREFUL BALANCE BUT PEOPLE ARE EAGER TO GET BACK TO WORK AND OPEN THE ECONOMY AGAIN AND 58 00:07:29.916 --> 00:07:36.455 UNTIL THEN I THINK EVERYBODY IS DOING A GREAT JOB. WE ARE TALKING ON THE BUSINESS SIDE OF THINGS BUT LOOK AT THOSE 59 00:07:36.455 --> 00:07:46.699 WHO HAVE BEEN DISPLACED FROM A JOB PERSPECTIVE, THE STATE HAS DONE A TREMENDOUS JOB TAKING ON THE HERCULEAN EFFORT OF 60 00:07:46.699 --> 00:07:55.908 NAVIGATING AN ENORMOUS SPIKE IN UNEMPLOYMENT CLAIMS AND AWAITING RULES ABOUT HOW PANDEMIC UNEMPLOYMENT INSURANCE WILL BE 61 00:07:55.908 --> 00:08:03.883 BENEFICIAL SO IT'S ALL OF US ARE OBSERVING THIS INFORMATION AND REACTING AS QUICKLY AS WE CAN. >>: YOU ARE A BUSY GUY DOING 62 00:08:03.883 --> 00:08:13.259 ALL OF THE COVID-19 RELATED THINGS FOR THE STATE CERTAINLY, BUT IN YOUR DAY JOB ECONOMIC DEVELOPMENT INVESTMENT, KEEPING 63 00:08:13.259 --> 00:08:19.765 COMPANIES HERE AND INVITING COMPANIES TO COME DO BUSINESS, AS YOU LOOK AT THAT PROCESS HOW WOULD USS ECONOMIC DEVELOPMENT 64 00:08:19.765 --> 00:08:27.473 FROM A STATE LEVEL RIGHT NOW? AND HOW IMPORTANT DO YOU THINK IT WILL BE THE WAY INDIANA HANDLES THIS WHOLE RETURN TO 65 00:08:27.473 --> 00:08:34.447 BUSINESS? HOW IMPORTANT WILL THAT BE TO THE ECONOMIC DEVELOPMENT GETTING MORE INVESTMENT IN INDIANA? 66 00:08:34.447 --> 00:08:41.654 >>: ONE THING TO BEGIN WITH IS COMPLEMENT THE MAYOR. HE MAY NOT KNOW THAT HIS PLAN HAS BEEN BROUGHT TO US AND WE 67 00:08:41.654 --> 00:08:49.662 CONSIDER IT A MARKER. ET CETERA FREE PLAN FOR MUNICIPALITIES SO WE ARE HOPING EVERY MUNICIPALITY DOES THAT, 68 00:08:49.662 --> 00:08:56.636 BUT I HAVE SENSITIVITY TO CERTAIN TERMS AND I'M SENSITIVE WHEN SOMEONE CALLS US THE RUST BELT. 69 00:08:56.636 --> 00:09:04.477 WE HAD ISSUES BUT OUR INDUSTRY IS AMAZING AND SECONDLY, WHEN PEOPLE TALK ABOUT CLOSING THE ECONOMY AND REOPENING THE 70 00:09:04.477 --> 00:09:10.483 ECONOMY. I'M SENSITIVE OUT OF RESPECT FOR THE 2 MILLION PEOPLE WORKING AND ARE STILL WORKING ESPECIALLY 71 00:09:10.483 --> 00:09:18.858 FIRST RESPONDERS. SO OUR ECONOMY HAS SLOWED DOWN AND WAS DETERMINED BY THE FEDERAL GOVERNMENT AS 72 00:09:18.858 --> 00:09:26.232 NONESSENTIAL BUSINESSES, BUT IN TERMS OF EVERYTHING ELSE WE ARE GOING OFF THE LITTLE ENGINE THAT COULD. 73 00:09:26.232 --> 00:09:34.040 WE'VE HAD OVER 10,000 JOBS IN FOUR MONTHS COMMITTED TO INDIANA. 1.3 BILLION IN CAPEX WHICH 74 00:09:34.040 --> 00:09:41.047 REPRESENTS 99 PROJECTS AND IT'S GOING GREAT. 2500 PER WEEK. WE NEVER STOPPED DOING ALL THE 75 00:09:41.047 --> 00:09:47.453 THINGS THAT IDC IS DOING. WE ACTUALLY ARE CONTINUING TO DO THEM AND WE WILL CONTINUE TO DO THEM BE ON THIS. 76 00:09:47.453 --> 00:09:53.859 THERE'S NO INDICATION ANYWHERE THAT WE WOULD CHANGE HOW WE INCENTIVIZE COMPANIES, HOW MUCH WE INCENTIVIZE. 77 00:09:53.859 --> 00:10:04.203 I'M EXCITED ABOUT THE WORK THE ECONOMIC RECOVERY TEAM IS DOING BECAUSE WE'VE BEEN WORKING DILIGENTLY FOR FOUR HOURS A DAY 78 00:10:04.203 --> 00:10:12.445 IN PERSON AND WITHIN THE NEXT WEEK OUR MUNICIPALITY SHOULD BE HAPPY THERE WILL BE MONEY STARTING TO BE DISTRIBUTED FROM 79 00:10:12.445 --> 00:10:20.052 THE CARRIERS ACT THAT AFFECT EVERY SINGLE ONE OF THE 92 COUNTIES AND I BELIEVE THIS WILL BE AN INITIAL AND THEN WE WILL 80 00:10:20.052 --> 00:10:29.028 HAVE AN APPLICATION PROCESS THAT COMES BACK TO US WITH EVERYTHING A COUNTY WOULD WISH TO DO AND WE HAVE ADDITIONAL DISTRIBUTION AT 81 00:10:29.028 --> 00:10:36.302 SOME POINT IN TIME. I WAS ENCOURAGED BY MITCH MCCONNELL'S COMMENTS THAT HE IS OPEN TO GIVING THE STATES MORE 82 00:10:36.302 --> 00:10:44.243 MONEY IN A FOURTH TRANCHE DEPENDING ON RESOLUTIONS THEY REACH TO HOLD CERTAIN COMPANIES NOT LIABLE SO WE DON'T HAVE THE 83 00:10:44.243 --> 00:10:52.084 FLOOD OF LOSSES GOING ON AS NONESSENTIAL BUSINESSES COME BACK TO WORK BUT THE GOVERNOR IS MAKING AN ANNOUNCEMENT ON FRIDAY 84 00:10:52.084 --> 00:10:59.325 AND, AGAIN, HE CONTINUES TO SAY I LOVE WHAT HE SAYS I WANT TO BE FIRST AND FASTEST AND NOW I WANT TO BE THE SUREST AND THE SAFEST. 85 00:10:59.325 --> 00:11:08.234 HE'S DATA-DRIVEN BY THE HEALTH DEPARTMENT AND OTHERS AND THAT IS HOW THE DECISIONS WILL BE MADE AND IT WILL BE STAGED. 86 00:11:08.234 --> 00:11:16.409 >>: SECRETARY OF COMMERCE JIM SCHELLINGER, FISHERS MAYOR SCOTT FADNESS AND KATIE KULP PRESIDENT OF KS ON LOCATION ADVISORS. 87 00:11:16.409 --> 00:11:25.051 A LOT GOING ON AND WE APPRECIATE YOUR PERSPECTIVE AS GETTING BACK TO WORK AGENDA BEGINS TO REALLY TAKE SHAPE. 88 00:11:25.051 --> 00:11:28.888 TQ -- THANK YOU ALL FOR JOINING US. >>>THE COVID-19 BUSINESS SURVIVAL SERIES WILL CONTINUE ON 89 00:11:28.888 --> 00:11:31.257 THE SHOW AND YOU CAN ALSO FIND MORE INFORMATION AT KSMCPA.COM.