WEBVTT

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IT'S TIME NOW FOR A DEEPER DIVE

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INTO SOME OF THE WEEK'S TOP

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STORIES WITH OUR INSIDERS PANEL.

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VERY HAPPY TO BE JOINED BY INDY

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CHAMBER VICE PRESIDENT,

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INDIANAPOLIS ECONOMIC

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DEVELOPMENT PORTIA

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BAILEY-BERNARD, BOSE, MCKINNEY &

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EVANS PARTNER VICTOR SMITH AND

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YOUR MONEY LINE CEO PETE DUNN,

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ALSO KNOWN AS PETE THE PLANNER.

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ECONOMIC DEVELOPMENT.

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VICTOR, THAT'S YOUR BAILIWICK,

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BUT BIG ANNOUNCEMENT AT PURDUE.

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TAIWANESE COMPANY ANNOUNCING ITS

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FIRST PARTNERSHIP WITH AN

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AMERICAN UNIVERSITY.

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WHAT'S THE SIGNIFICANCE OF THIS?

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>> IT'S A REALLY GOOD AFTER

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AFFIRMATION TO PURDUE AND THEIR

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DENT CENT DECISION TO DEGREE

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PROGRAMS IN THE SEMICONDUCTOR

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FIELD.

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A LOT OF THESE SEMICONDUCTOR

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PLANTS AND INVESTMENTS WE HAVE

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SEEN ARE GOING TO BE FOCUSED

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AROUND MAJOR UNIVERSITIES AND

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PURDUE IS DOING A REALLY GOOD

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JOB TO ATTRACT SOME OF THOSE.

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PRESIDENT MITCH DANIELS AND DEAN

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CHANG ARE PERSONALLY INVOLVED IN

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THAT.

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>> THE INCOMING PRESIDENT STARTS

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JANUARY 1.

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I SENSE HE IS GOING TO BE

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INVOLVED IN A LOT OF THESE

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ECONOMIC DEVELOPMENT DEALS.

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>> YEAH, PERSONALLY WE'RE

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INVOLVED IN SEVERAL OF THESE

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PROJECTS RIGHT NOW.

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WE'VE SEEN HIS DIRECT

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INVOLVEMENT.

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HE IS AN ECONOMIC DEVELOPMENT

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FOCUSED PERSON.

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KIND OF THE PRACTICAL APPROACH

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OF PURDUE BEING INVOLVED WITH

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BUSINESS TO SOLVE PROBLEMS,

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RATHER THAN JUST THE PURSUIT OF

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AN ACADEMIC PURPOSE.

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>> A COUPLE OF BIG ANNOUNCEMENTS

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THIS WEEK REGARDING LOGISTICS

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AND TRANSPORTATION, DHL

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ANNOUNCING EXPANDING ITS SUPPLY

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CHAIN PRESENCE IN CENTRAL

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INDIANA.

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400 JOBS OUT OF A JOHNSON COUNTY

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FACILITY AND JONES TRUCKING

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ANNOUNCING AN INVESTMENT IN

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DELAWARE COUNTY.

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NEAR MUNCIE, AS WELL.

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A LOT OF EXPANDING PRESENCE.

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IT'S AN IMPORTANT INDUSTRY FOR

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THE REGION.

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>> IT'S A VERY IMPORTANT

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INDUSTRY FOR THE REGION.

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WHEN I'M OUT PITCHING TO

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BUSINESSES TO EXPAND TO INDIANA,

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THIS IS SOMETHING WE TOUT FOR

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BUSINESSES TO WANT TO BE HERE.

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TRANSIT IS SO IMPORTANT.

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IT CREATES EDUCATIONAL AND JOB

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OPPORTUNITIES AND BUSINESS AND

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ATTRACTION AND INVESTMENT IN

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NEIGHBORHOODS.

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IT'S DEFINITELY A KEY COMPONENT

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TO OUR ECONOMY.

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>> IT'S CRAZY TO THINK THAT ON

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ALL AREAS OF THE CIRCLE CITY,

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YOU KEEP CONNECTING TO THESE

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OTHER CITIES UP 69, UP 65 IN THE

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LAST STORY.

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70.

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THE CROSSROADS OF AMERICA KEEPS

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GETTING BIGGER AND BETTER FOR

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BUSINESS.

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>> LITERALLY THE CROSSROADS.

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THE RECENT ANNOUNCEMENT BY INDY

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ELEVEN OF A NEW STADIUM IN

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DOWNTOWN INDIANAPOLIS.

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THE DIAMOND CHAIN SITE, WHICH IS

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CLOSE TO ELANCO'S CORPORATE

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CAMPUS.

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OTHER STADIUMS, LUCAS OIL,

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VICTORY FIELD, ET CETERA.

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CONNECTING, WHICH IS A BIG PART

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OF THE SUCCESS.

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RESIDENTIAL, RETAIL.

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YOUR THOUGHTS ON THAT, PETE?

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>> PEOPLE ARE REALLY EXCITED

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ABOUT IT.

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I'M THE ASSISTANT COACH OF A

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13-YEAR-OLD GIRLS SOCCER TEAM.

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SO, I'M SORT OF AN AN EXPERT.

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[LAUGHTER]

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I WILL BE A SEASON TICKETHOLDER

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DOWN THERE.

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I'M VERY EXCITED.

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>> PORTIA, AS YOU LOOK AT THAT

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AND WHAT THAT CAN BECOME, SOCCER

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AND THE STADIUM, BUT THE

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ADDITIONAL DEVELOPMENT.

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>> THIS MIXED-USE DEVELOPMENT IS

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GOING TO COMPLETELY TRANSFORM

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THE SOUTHWEST CORRIDOR.

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IT'S COMPLETELY ON PAR WITH WHAT

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WE'RE SEEING ACROSS THE COUNTRY

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AND NO LONGER DEVELOPERS

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BUILDING JUST A FREESTANDING

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STADIUM.

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WE'RE SEEING IT IN ATLANTA, WE

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SAW IT IN NASHVILLE.

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I MEAN KUDOS TO THE SOUTHWEST

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CORRIDOR.

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IT'S GOING TO BE AMAZING THERE.

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>> I THINK THE SCOPE OF THE

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PROJECT IS PRETTY IMPRESSIVE.

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A LIVE, WORK, AND PLAY VILLAGE

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IS WHAT IT IS.

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AND IT'S ALSO CONNECTING THE NEW

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ELANCO HEADQUARTERS RIGHT ACROSS

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THE RIVER.

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IT'S GOING TO BE LIGHTING UP AND

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IGNITING THE WHITE RIVER STATE

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PARK EXPANSION ACROSS THE RIVER.

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IT'S PERFECTLY POISED TO BE A

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GOOD CONNECTOR.

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IT'S GOING TO BE INTERESTING TO

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SEE.

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IT TAKES ALL PARTNERS.

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>> YES.

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>> THE CITY, STATE, PRIVATE

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SECTOR, WHICH WE'RE REALLY GOOD

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AT.

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LOOKING FORWARD TO THIS PROJECT.

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>> VICTOR, AS YOU LOOK AT THIS,

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EVERYBODY TALKS ABOUT TALENT.

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DO YOU SEE THIS PROJECT, YOU

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MENTIONED ELANCO AND WHAT THAT

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AREA CAN BECOME, AS A MAGNET FOR

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TALENT.

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WHETHER IT'S FOR THERE OR

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INDIANAPOLIS IN GENERAL, LOOKING

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AT THAT KIND OF DEVELOPMENT

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BEING SOMEHING THAT'S GOING TO

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SAY HEY, ESPECIALLY FOR YOUNGER

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PEOPLE, I MAY WANT TO LIVE

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THERE.

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>> I THINK SO.

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YOU MENTIONED ELANCO.

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THERE'S GOING TO BE ABOUT 2,000

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FAIRLY YOUNG PEOPLE DOWN THERE

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ON CAMPUS IN THE NEXT COUPLE

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YEARS.

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I THINK IT ALL PLAYS WELL.

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I REALLY DO.

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>> YEAH.

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ANOTHER BIG STORY THIS WEEK, AN

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IMPORTANT ORGANIZATION FOR

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CENTRAL INDIANA.

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MUCH OF THE STATE, THE CENTRAL

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INDIANA CORPORATE PARTNERSHIP

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ANNOUNCING A LEADERSHIP CHANGE.

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DAVID JOHNSON WHO HAS BEEN THE

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CEO THERE FOR 10 YEARS OR SO

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ANNOUNCING STEPPING DOWN AT THE

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END OF THE YEAR.

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SO, A LEADERSHIP TRANSITION

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THERE.

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THERE'S BEEN A LOT OF GROWTH

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CERTAINLY AT CICP AND ITS MEMBER

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ORGANIZATIONS.

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BIO CROSSROADS, CONNEXUS.

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PORTIA, WHAT'S NEXT FOR CICP?

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>> IT'S EXCITING.

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THEY'RE A CLOSE PARTNER WITH THE

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INDY CHAMBER.

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A HUGE INITIATIVE IS BUSINESS

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EQUITY FOR INDY.

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CREATING A MORE INCLUSIVE,

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EQUITABLE ECONOMY FOR

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INDIANAPOLIS' BLACK RESIDENTS.

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DAVE IS A PHENOMENAL LEADER AND

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KEY THINKING ABOUT THE

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INDUSTRIES IN OUR ECONOMY AND

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THE WORKFORCE.

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I'M SAD TO SEE DAVID GO AND

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THOSE ARE BIG SHOES TO FILL BUT

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IT'S AN EXCITING TIME FOR

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CHANGE.

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>> BACK IN THE '80s WHEN

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SPORTS BECAME A BIG DEAL FOR

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INDIANAPOLIS, HE THOUGHT THAT

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WOULD WRITE OUR HISTORY AND IT

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HAS.

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I THINK THE CICP, AND THE TECH

00:06:31.157 --> 00:06:32.725
COMPANIES AND INNOVATION WITH

00:06:32.792 --> 00:06:33.993
TECHPOINT, I THINK IT'S A BIG

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STORY.

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IT'S REALLY IMPORTANT.

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>> AND CICP HAS BEEN RECOGNIZED

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AND SOME OF THE MEMBER

00:06:38.931 --> 00:06:39.799
ORGANIZATIONS NATIONALLY AS A

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MODEL FOR OTHER COMMUNITIES.

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VICTOR, AS YOU LOOK AT IT AND

00:06:42.401 --> 00:06:49.242
WHAT IT HAS BECOME WITH

00:06:49.308 --> 00:06:50.843
AGRINOVIS AND ASCEND, HOW THESE

00:06:50.910 --> 00:06:51.811
GROUPS FLOURISH.

00:06:51.878 --> 00:06:54.480
>> IT'S BEEN A GOOD WAY TO TIE

00:06:54.547 --> 00:06:55.348
INDUSTRIES TOGETHER AND IT'S

00:06:55.414 --> 00:06:58.184
MENTIONED FOR THE ECONOMICTIA-

00:06:58.251 --> 00:06:58.851
DEVELOPMENT TEAMS.

00:06:58.918 --> 00:07:01.587
BECAUSE YOU CAN POINT TO

00:07:01.654 --> 00:07:04.257
CONSORTIAS OF COMPANIES,

00:07:04.323 --> 00:07:08.394
CONNEXUS AND AGRINOVIS.

00:07:08.461 --> 00:07:09.462
I THINK IT'S GOING TO BE A GREAT

00:07:09.529 --> 00:07:10.696
OPPORTUNITY TO TAKE A LOOK AT IT

00:07:10.763 --> 00:07:13.132
AS AN OPPORTUNITY TO SEE WHAT IS

00:07:13.199 --> 00:07:14.433
IT THAT THEY WANT TO DO AND

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FOCUS ON.

00:07:14.901 --> 00:07:16.769
MAYBE THEY WANT TO ADD SOME

00:07:16.836 --> 00:07:17.837
THINGS, CONSOLIDATE SOME THINGS.

00:07:17.904 --> 00:07:18.371
I DON'T KNOW.

00:07:18.437 --> 00:07:19.906
BUT I'M SAYING IT'S AN

00:07:19.972 --> 00:07:21.174
OPPORTUNITY FOR THEM TO BETTER

00:07:21.240 --> 00:07:22.408
THEIR MISSION AND DELIVERY.

00:07:22.475 --> 00:07:24.043
>> AS WE TALK ABOUT ECONOMIC

00:07:24.110 --> 00:07:25.311
IMPACT, ECONOMIC DEVELOPMENT,

00:07:25.378 --> 00:07:27.113
THE ECONOMY IS IN FOCUS AND HAS

00:07:27.180 --> 00:07:29.015
BEEN FOR A WHILE.

00:07:29.081 --> 00:07:30.449
INFLATION, OBVIOUSLY, IS FRONT

00:07:30.516 --> 00:07:31.150
AND CENTER.

00:07:31.217 --> 00:07:32.518
AND THE INDIANA FARM BUREAU ARE

00:07:32.585 --> 00:07:34.987
OUT WITH THEIR ANNUAL 4TH OF

00:07:35.054 --> 00:07:37.557
JULY COOKOUT EXPENSE SURVEY, IF

00:07:37.623 --> 00:07:38.457
YOU WILL.

00:07:38.524 --> 00:07:40.193
13% HIGHER THIS YEAR FOR BUGGERS

00:07:40.259 --> 00:07:42.361
AND ALL THE THINGS YOU DO AT

00:07:42.428 --> 00:07:43.529
YOUR COOKOUT.

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>> I'M GOING TO MY IN-LAWS AND

00:07:45.431 --> 00:07:47.600
MAKE THEM PLAY FOR IT.

00:07:47.667 --> 00:07:48.634
[LAUGHTER]

00:07:48.701 --> 00:07:50.203
PEOPLE LOVE TO COMPLAIN ABOUT

00:07:50.269 --> 00:07:52.004
INFLATION, BUT I HAVE NOT SEEN

00:07:52.071 --> 00:07:54.841
IT CHANGE BEHAVIOR YET.

00:07:54.907 --> 00:07:55.141
>> REALLY?

00:07:55.208 --> 00:07:55.575
>> IT WILL SOON.

00:07:55.641 --> 00:07:58.277
IT'S STARTING TO CRUSH PEOPLE.

00:07:58.344 --> 00:08:00.379
>> I WARNED PEOPLE COMING TO MY

00:08:00.446 --> 00:08:02.982
COOKOUT, I'M A VEGETARIAN NOW.

00:08:03.049 --> 00:08:06.853
WE WILL HAVE LENTILS, RICE, AND

00:08:06.919 --> 00:08:07.086
BEANS.

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NO MEAT.

00:08:09.188 --> 00:08:10.423
>> HOW DO YOU SEE INFLATION

00:08:10.489 --> 00:08:11.891
PLAYING OUT?

00:08:11.958 --> 00:08:13.392
>> IF THINGS STAY THE WAY THEY

00:08:13.459 --> 00:08:15.094
ARE, IT'S GOING TO HAVE AN

00:08:15.161 --> 00:08:15.328
IMPACT.

00:08:15.394 --> 00:08:18.631
IT'S A MATTER OF TIME.

00:08:18.698 --> 00:08:19.599
>> THANKS VERY MUCH FOR JOINING

00:08:19.665 --> 00:08:19.899
US.

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AND WE'LL BE RIGHT BACK AFTER