WEBVTT

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>> HELLO AND WELCOME TO INSIDE

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INDIANA BUSINESS. I'M GERRY

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DICK.

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WHAT A YEAR IT HAS BEEN FOR

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INDIANA'S ECONOMY!

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THE PANDEMIC HAS SPARKED

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CLOSINGS AND LAYOFFS AND ADDED

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TO EXISTING WORKFORCE CHALLENGES

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AROUND THE STATE.

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BUT FROM AUTO PLANS TO SOLAR

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FARMS, THERE HAVE ALSO BEEN SOME

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BIG INVESTMENT DEALS AND JOBS.

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THIS WEEK, NEWS OF AN INVESTMENT

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THAT COULD BE A SIGN OF THINGS

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TO COME.

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GENERAL MOTORS CO. ANNOUNCING

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PLANS TO INVEST $51 MILLION IN

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ITS LONGTIME BEDFORD PLANT...A

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VOTE OF CONFIDENCE FOR A PLANT

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THAT AT ONE TIME WAS IN DANGER

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OF CLOSING.

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THE INVESTMENT IS FOR NEW

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EQUIPMENT TO MAKE DRIVE UNIT

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COMPONENTS FOR GM'S ALL ELECTRIC

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SILVERADO PICKUP TRUCK.

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IT IS THE LATEST IN A SERIES OF

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BIG INVESTMENTS IN INDIANA

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RELATED TO THE ELECTRIFICATION

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OF THE AUTO INDUSTRY AND A

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REASON WHY SOME SAY INDIANA IS

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UNIQUELY POSITIONED TO CASH IN

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THE COMING ENERGY TRANSITION IN

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AREAS LIKE BATTERIES, WIND,

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SOLAR AND MORE.

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EXACTLY HOW DOES THAT FIT INTO

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THE STATE'S STRATEGY? AND WHAT

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IS THE STATE OF THE INDIANA

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ECONOMY?

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FOR SOME ANSWERS, I'M PLEASED TO

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BE JOINED FOR AN EXTENDED

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INTERVIEW WITH INDIANA GOVERNOR

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ERIC HOLCOMB.

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GOVERNOR, AS ALWAYS, WELCOME TO

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THE SHOW.

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>> GREAT TO BE BACK WITH YOU,

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GERRY.

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INDEED, THE STATE OF THE STATE

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IS STRONG.

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AND EVERY ECONOMIC INDICATOR

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SEEMS TO BE POINTING IN THAT

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DIRECTION.

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WE'VE LONG SINCE TRIED TO

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BALANCE OUR LIVES AND

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LIVELIHOODS AS YOU ALLUDE TO

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WITH THE GLOBAL PANDEMIC ALL

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AROUND US.

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BUT WHEN YOU LOOK AT OUR GDP,

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WHEN YOU LOOK AT OUR FOREIGN

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DIRECT INVESTMENT, REVENUE,

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RESERVES, OUR SINGLE-FAMILY HOME

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BUILDING PERMIT, SOMETIMES WE'RE

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TWICE THE AMOUNT OF

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SINGLE-FAMILY HOME BUILDING

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PERMITS AS OUR NEIGHBORING

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STATES.

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MUCH BIGGER STATES.

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HOUSING HOT.

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I WAS WITH REALTORS JUST

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YESTERDAY STATE-WIDE, THEY'VE

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NEVER SEEN A BETTER NOVEMBER,

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NOT A CLOSE SECOND.

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WHEN YOU LOOK AT OUR POPULATION

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GROWTH, MORE THAN EVERY STATE

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THAT WE TOUCH.

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FULL STEAM AHEAD, DAM THE

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TORPEDOS, LOOKING FORWARD TO

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ANOTHER STRONG ENDING THIS Q4 IN

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TERMS OF JOB COMMITS, WAGES,

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CAPITAL INVESTMENT AND PROJECTS

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>> OKAY.

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WANT TO GET TO SOME SPECIFICS.

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FIRST, LATE IN THE WEEK, SOME

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RISING CONCERNS ABOUT THE

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HOSPITALIZATIONS RELATED TO

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COVID.

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I.U. HEALTH CONCERNED ABOUT

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COVID AND NON-COVID

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HOSPITALIZATIONS, YOUR REACTION,

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2022, FROM A COVID STANDPOINT

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STYMYING THIS PROGRESS WE'RE

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TALKING ABOUT.

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>> NO, I THINK WE HAVE MORE

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TOOLS NOW THAN WE DID AT THE

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BEGINNING OF THE COVID-19, AS IT

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WAS UNFOLDING GOING BACK ALMOST

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TWO YEARS NOW.

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MORE TOOLS, OBVIOUSLY FIRST AND

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FOREMOST, A VACCINE AND

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TREATMENTS, BUT A VACCINE IS

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WHAT KEEPS YOU OUT OF THE

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HOSPITAL.

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WE KNOW THAT 95% OF OUR

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HOSPITALIZATIONS ARE

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UNVACCINATED HOOSIERS.

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SO, YOU KNOW, YOU CAN EITHER BET

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ON THE 5% THAT AREN'T GETTING

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VACCINATED OR THE 95% THAT ARE,

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AND SEE WHO IS ENDING UP.

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NOW, HAVING SAID THAT IT, WE'LL

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CONTINUE TO -- WE'VE GOT ALL

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KINDS OF DIFFERENT TEAMS, MOBILE

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TEAMS, STRIKE TEAMS, DEPARTMENT

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OF HEALTH, NATIONAL GUARD AND

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WOMEN AND MEN OF UNIFORM.

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DEPLOY THEM, FAN THEM OUT WHERE

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THE NEED S AND THAT'S THE

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APPROACH WE'RE TAKING.

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WE HAVE 13 NOW, STEPPING UP

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ANOTHER 7.

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INDIANA IS ONE OF SIX STATES

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THAT MAKES UP OVER 50% OF ALL

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THE NATION'S HOSPITALIZATIONS.

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WHENEVER I'M TALKING TO OR WITH

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MY GUBERNATORIAL COHORTS, WE

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DON'T -- WE'RE GOING TO HAVE TO

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CONTINUE TO GET THROUGH IT

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TOGETHER

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>> WANT TO TALK ABOUT SPECIFICS

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WITH THE ECONOMY.

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YOU MENTIONED NUMBERS.

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INTERESTING TO ME, AS WE LOOK TO

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THE FUTURE, TOO, SOME BIG

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ECONOMIC DEVELOPMENT DEALS,

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TOYOTA WITH A MASSIVE INVESTMENT

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IN PRINCETON EARLIER IN THE

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YEAR, THE NATION'S LARGEST SOLAR

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PLANT, THE MAMMOTH SOLAR PROJECT

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UP IN NORTHWEST INDIANA,

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BILLION-AND-A-HALF DOLLARS.

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AS YOU LOOK AT THIS ALTERNATIVE

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ENERGY SPACE, MASSIVE AND SEEMS

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TO BE GAINING MOMENTUM, IS THIS

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GOING TO BE A REAL FOCUS OF -- A

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NEW FOCUS FOR ECONOMIC

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DEVELOPMENT IN INDIANA?

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>> THIS IS A HUGE SECTOR AND

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POTENTIAL FOR INDIANA TO REALLY

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BECOME A LEADER, NOT JUST IN THE

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GAME AND WINNING, BUT REALLY A

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LEADER.

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OBVIOUSLY IN TERMS OF ENERGY

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SOURCES, WE HAVE THE ABILITY IN

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A STATE LIKE INDIANA FOR

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RELIABLE AFFORDABLE AND CLEAN

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ENERGY.

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SO YOU SEE US GOING GREEN AND

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REALLY CAPITALIZING ON BE IT

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BATTERIES, AND NOT JUST BATTERY

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PRODUCTION, BUT BATTERY

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CAPACITY, BATTERY RECYCLING.

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THIS IS GOING TO BE A HUGE PART

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OF THE WHOLE SECTOR.

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SO WE'LL LEAN INTO ELECTRONICS,

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MACHINE LEARNING, ALL THE ABOVE

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IN THAT INNOVATION SPACE TO

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REALLY STAY A LEADER IN ADVANCED

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MANUFACTURING AND LIFE SCIENCES

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TO REAL BREAD AND BUTTER SECTORS

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FOR US

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>> TOYOTA ANNOUNCED PLANS FOR

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THAT BIG ELECTRIC VEHICLE

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BATTERY PLANT, WHICH IS GOING I

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THINK TO NORTH CAROLINA.

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BUT NO QUESTION ABOUT IT, THE

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OTHER OUGHT -- AUTOMAKERS.

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IS INDIANA UNIQUELY POSITIONED

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TO TAKE ADVANTAGE OF THAT?

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>> WELL, WE'RE UNIQUE IN A

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NUMBER OF WAYS.

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WE HAVE LOW COST, HIGH TALENT,

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PERFECT LOCATION.

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AND THAT'S WHY YOU SAW WITH THIS

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LATEST 800 MILLION CAPITAL

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INVESTMENT IN TOYOTA, THAT'S

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JUST ANOTHER HUGE MEGA

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INVESTMENT IN TOYOTA, THERE ARE

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A LOT OF STATES WOULD HAVE LOVED

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TO HAVE THE FIRST, SECOND AND

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THIRD.

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NOT TO MENTION THE OTHER OEMS WE

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HAVE SPREAD OUT.

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SO ABSOLUTELY WE'RE UNIQUELY

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POSITIONED.

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AND WE'RE IN CONVERSATIONS RIGHT

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NOW ABOUT A PRETTY EXCITING 2022

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>> WANT TO TALK REGIONAL

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ECONOMIC DEVELOPMENT AND ALSO

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INNOVATION IN INDIANA.

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THAT IS COMING UP NEXT AS WE