WEBVTT

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?

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>> More in this week's

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business of health.

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>> Hello and welcome to Inside

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INdiana Business, I'm Gary

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Dick coming to you from 16

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Tech the 50 acre innovation

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district, talked about for

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decades that is now a reality

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on the near northwest side of

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Indianapolis. Specifically we

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are in a lab at the Indiana

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Biosciences Research

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Institute, which is already

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home to 13 startup companies,

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each working on what they hope

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will be the next big thing.

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The IBRI and 16 Tech designed

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to be really magnets to

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attract investment and talent

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from around the globe to

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Indianapolis. And in 2022,

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life sciences big contributors

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to what the state is calling a

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record year for economic

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development. In terms of life

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sciences projects, 25 projects

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creating to put $1 billion in

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capital investment in more

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than 3000 jobs, but overall

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the IEDC reports overall

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capital investment from 218

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companies this year.

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Representing 22 point to

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billion dollars in capital

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investment, a 250% increase

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over the previous year. And

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24,000 job commitments. The

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average wage? $34.71. Both the

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capital investment and average

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wage, the highest since the

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IEDC was founded in 2005. I

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got a reaction this week from

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Governor Eric Holcomb, and

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also an idea of what to expect

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next. Governor Holcomb, the

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investment numbers at 22 point

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to billion dollars, a big

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number, more than 250% higher

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than the previous year. Was

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there one thing really driving

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the investment, those big

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numbers?

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>> Well it's been a long time

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in the making, you know. We've

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got access to high talent, and

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we've become a low-cost place

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to do business, and great site

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availability. But I would

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think if you did have to boil

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it down to one thing, I would

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say focus. We have been laser

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focused on trying to build out

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different clusters. And so,

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where you see a lot of these

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ecosystems starting to develop

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in terms of semiconductors,

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you're talking about

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manufacturing, you're talking

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about design, you're talking

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about testing, packaging from

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GE to PhD, and so on, and if

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you're talking about battery

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we aren't talking about just

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manufacturing but also

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recycling, and so we are

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really -- we really turned

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this corner where we are going

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after ecosystem develop meant

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as much a sector development.

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>> Let's talk about that

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traditional Indiana strengths

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advanced manufacturing life-

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sciences did very well in these

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numbers, but as you mentioned,

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microchips, the

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electrification of the auto

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industry which is going on to

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billions of dollars in deals,

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successful deals hear,

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SkyWater Technology,

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Stellantis, STI and Kokomo and

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others, are these kind of the

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next big 'Desire Lines'? In

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terms of where Indiana stands

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to gain jobs and investment?

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>> Absolutely, and more to

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come by the way. Success

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attracts success, and we

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somewhat become this magnet

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because we can back up what

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they need in terms of

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workforce, etc.. And so, when

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you think about the trillion

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or so dollars that has been

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invested around the world,

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some of which will come to

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America, there are certain

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states that will just stand

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out in terms of being able to

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deliver, and on these fronts

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micro electronics,

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hypersonics, defense oriented

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contracts, we really up their

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game, and it's paying off.

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>> Indiana has won its fair

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share in those sectors, one of

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the big deals was Intel, $20

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billion, 20,000 jobs that

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actually went to Ohio. There's

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a lot of talk around that that

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Indiana's ability to provide

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the workforce, the talent

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pipeline, was an issue there.

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His talent -- you concerned

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about the talent pipeline when

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it comes to going after these

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big deals?

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>> Every deal we do unmindful

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of it, concerned as to put it

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mildly, because we have to be

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able to supply the company

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with the fuel they need to be

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able to grow. And that's

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talent, and that's their

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workforce. And so, you know,

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we are blessed in the state of

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Indiana with Purdue, Rose

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Hulman, Notre Dame, IU, we've

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got 30 privates and all of our

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public, Ivy Tech and Vincennes

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University. And so how we

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build these curriculums, the

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curriculum that they need to

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be able to scale up their

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workforce, the nimble states

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in America will be the

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winners. And we have proven

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now time after time in these

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deals, and there will be more

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coming, that we can in fact

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compete with the one

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investment that was made in

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Ohio. We are having multiple

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announcements, and I like our

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strategy to be able to look at

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doing the manufacturing, doing

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the packaging, doing the

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testing, and recycling when it

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comes to batteries. The whole

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lifecycle of the product as we

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onshore or re-sure a lot of

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these products that are going

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to continue we keep the future

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of mobility rooted here in the

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state of Indiana.

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>> Final question, Governor.

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READI grants had a big impact,

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certainly on communities

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around the state, their

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ability to do quality place

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project, and other deals, it

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was literally one year ago

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those first grants were handed

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out. When you look going

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forward, upcoming session of

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the General assembly, can

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communities expect to compete

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for another round? READI 2.0,

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if you will.

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>> I sure hope so, we were

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both at Butler University

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about one year ago talking

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about this, and what a success

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it's already been. When you go

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to communities and you see the

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YMCA that's been talked about

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for 13, 14, 15 years, and now

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it's come to fruition in

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realization, these are

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transformational projects. Be

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at housing, 4 billion and

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housing in this last round of

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ready. I want a ready repeat

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or ready to point know or are

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ready redo, and that will be

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reflect did in the budget I

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submit on January 4.

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>> Is the Governor indicated

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microchips will continue be a

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big focus of the states

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economic development efforts,

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and Indiana Senator Todd Young

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has been a big player in

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attracting chip production

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back to the United States,

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that's overly having a ripple

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effect on the Hoosier economy,

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Senator Young cosponsored the

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CHIPS act, your marking $280

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billion to boost semiconductor

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research or manufacturing on

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US soil, Indiana looking to

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establish itself as a regional

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chip research and production

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hub.

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>> Is you really look at the

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sizzle in this legislation for

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whose years whose I think it's

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going to be the research

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investments going to Indiana