WEBVTT

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>> Gerry: HELLO AND WELCOME TO

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INSIDE INDIANA BUSINESS. I'M

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GERRY DICK.

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THE COVID-19 PANDEMIC HAS

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SNARLED THE NATION'S SUPPLY

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CHAIN GRINDING PORTS TO A

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VIRTUAL HALT ON THE COASTS.

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BUT IT HAS BEEN A DIFFERENT

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STORY IN INDIANA AS THE STATE'S

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THREE PORTS---IN BURNS HARBOR,

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JEFFERSONVILLE AND MOUNT VERNON,

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SET RECORDS IN 2021.

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WHAT'S DRIVING THE SURGE IN

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SHIPPING? AND CAN THE PORTS

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SUSTAIN THE MOMENTUM?

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FOR SOME ANSWERS, I'M PLEASED

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TO WELCOME BACK TO THE SHOW,

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PORTS OF INDIANA CEO VANTA CODA

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THE SECOND.

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IRRELEVANT WELCOME, AS

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AS -- VANTA

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CODA, WELCOME TO THE SHOW.

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>> GLAD YOU INVITED ME.

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>> WANT TO TALK ABOUT RECORDS

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AND WHAT'S BEHIND THAT.

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THE ECONOMIC ENGINE, YOU DON'T

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THINK OF INDIANA AS A SHIPPING

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STATE, YET IT IS A HUGE ECONOMIC

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ENGINE, WELL OVER $8 BILLION IN

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ECONOMIC IMPACT.

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>> YEAH.

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$8.2 BILLION OF ECONOMIC IMPACT.

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AGAIN, MOST OF US DON'T THINK OF

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INDIANA AS A SHIPPING STATE.

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BUT ON ANY GIVEN YEAR, THE STATE

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IS EITHER 12 TO 14 AS FAR AS

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STATE RANKING FOR MARITIME TONS.

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>> WE ALL SAW THE VIDEO AND SEE

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THE VIDEO OF SHIPS STALLED OFF

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THE COASTS.

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DIFFERENT STORY HERE.

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WHAT ARE THE DYNAMICS AT PLAY?

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I KNOW SHIPPING, LOGISTICS IS

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VERY COMPLICATED, SCIENCE, IF

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YOU WILL.

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WHAT ARE THE FACTORS AT PLAY

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THAT LED TO THESE BIG NUMBERS AT

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THE PORTS OF INDIANA?

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>> WELL, I MEAN, IT'S PRETTY

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SIMPLE, THE PEOPLE OF INDIANA,

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THE HOOSIERS OF OUR STATE ARE

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WORKING.

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AND THERE ARE -- WE'VE GOT A

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2.7% UNEMPLOYMENT RATE.

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AND WE DO WHAT WE DO.

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WE MAKE THINGS, WE GROW THINGS,

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WE MOVE THINGS.

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AND PEOPLE ARE NEEDING MORE OF

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THE COMMODITIES THAT ARE

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PRODUCED HERE.

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FOODSTUFFS, STEEL-RELATED

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COMMODITIES.

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THAT'S REALLY THE HEART OF WHAT

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WE DO.

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WE SERVICE THOSE CUSTOMERS.

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>> Gerry: TALK ABOUT THE MIX OF

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BUSINESS, BECAUSE COAL HAS

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ALWAYS BEEN A BIG PRODUCT.

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THAT'S STILL IMPORTANT.

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BUT INCREASINGLY STEEL AND

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PARTS, COMPONENTS FOR THESE BIG

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WIND FARMS, SOLAR FARMS.

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TALK ABOUT THE MIX OF BUSINESS

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YOU'RE SEEING AT THE PORTS.

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>> IT'S A VERY IMPORTANT MIX.

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OUR BIG NUMBERS HAVE ALWAYS BEEN

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RELIANT UPON COAL.

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AND AS THAT HAS SHRUNK, THE

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GROWTH IN OUR GENERAL

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COMMODITIES, AND VALUE-ADDED

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COMMODITIES ARE REALLY WHAT'S

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DRIVING OUR CURRENT NEXT-LEVEL

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TYPE OF IMPACT.

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AND THAT'S AG PRODUCTS,

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FOODSTUFFS, AND STEEL

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PROCESSING.

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>> Gerry: AS YOU LOOK GOING

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FORWARD, OVERALL A RECORD, BURNS

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HARBOR, NORTHWEST INDIANA,

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JEFFERSONVILLE, IN SOUTHEAST

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INDIANA, EACH SET TOTAL RECORDS

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ALL-TIME RECORDS FOR THOSE

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LOCATIONS.

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WHAT IS GOING TO BE DRIVING

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BUSINESS AT THE THREE PORTS OF

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INDIANA?

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>> AGAIN, WE'RE LOOKING FOR THAT

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FIRST VALUE ADD.

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SO AS INDIANA CONTINUES ITS

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MARCH TOWARDS MANUFACTURING PER

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CAPITA DOMINANCE, THOSE ARE VERY

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IMPORTANT THINGS FOR US, AND

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WE'LL BE SEEKING TO ENCOURAGE

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PEOPLE TO COME TO OUR CAMPUS,

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AND LEVERAGE THE ASSETS THAT

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WE'RE PUTTING IN.

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HERE TO DATE WE JUST FINISHED UP

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A TIGER GRANT WORTH $24 MILLION

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INFRASTRUCTURE DOWN SOUTH.

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WE'RE HALFWAY THROUGH FAST LANE

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GRANT UP IN BURNS HARBOR,

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ANOTHER $20 MILLION.

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AND WE'VE GOT AN ADDITIONAL 10

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TO $12 MILLION WORTH OF

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INFRASTRUCTURE THAT'S ALREADY ON

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THE BOOKS AND PLANNED.

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>> A LOT OF ACTIVITY AROUND THE

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STATE AT THE THREE PORTS.

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I WANT TO ASK YOU ABOUT THIS.

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SEVERAL YEARS AGO, GOVERNOR

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PENCE TALKED ABOUT THE INTEREST

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IN CREATING BUILDING A FOURTH

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PORT.

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THERE'S BEEN MOVEMENT ON THAT,

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GIVE US AN UPDATE, A FOURTH

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PORT, THE POTENTIAL FOR THAT IN

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THAT SOUTHEAST REGION?

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>> YEAH, WE'RE STILL LOOKING FOR

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THAT PERFECT COMBINATION.

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WHAT WE WANT TO DO WITH THAT

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WHEN WE GET TO A GOOD DECISION

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POINT IS FIND SOMETHING THAT HAS

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REALLY MEANINGFUL ECONOMIC

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IMPACT FOR THE LONG-TERM FOR

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THAT REGION.

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THAT'S KIND OF THE GOAL AS

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ORIGINALLY THOUGHT OF.

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AND IT'S STILL THE GOAL TODAY.

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>> VANTA CODA, THE CEO OF THE

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PORTS OF INDIANA.

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GREAT TO HAVE YOU ON THE SHOW.

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CONGRATULATIONS ON THOSE

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NUMBERS.

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I KNOW YOU'LL BE LOOKING TO TOP