>> Welcome back to Inside
INdiana Business, come into
this week from a lot of the
Indiana Biosciences Research
Institute at 16 Tech. Is on
the near northwest side of
Indianapolis. You know, we've
talked about on the show this
week record investment in
jobs, numbers being touted by
the IEDC. The Indiana economic
developing Corporation in
2022. But how does Indiana's
stack up to other states when
it comes economic developing?
For some perspective, I'm
pleased to be joined as always
by Ginovus Executive Managing
Director Larry Gingrich, thank
you for making the trip
downtown to be with us, you
heard the Governor, using
these big numbers really
reported by the IEDC,
commitments that haven't
happened yet, but commitments.
How in your view does Indiana
stack up with other states
when you look at economic of
element?
>> Yeah, Crilly and Arana has
performed well and look at
unemployment rate in our state
being lower than it has in
most places across the
country, and I think the
increasing focus on wage
levels has been a big part of
what the state has been trying
to do, certainly in the
Midwest, Indiana and Ohio
certainly on a pedestal
compared to most places, and
now Indiana really competitive
with many locations across the
country.
>> What areas you see
Indiana's really
outperforming? You mentioned
employment, how about sectors
of the economy?
>> Sciences, real estate, in
particular, manufacturing,
those three, that state has
outperformed many other areas
in the country, those been the
fastest growing areas for the
states GDP. So I think that
creates a real opportunity,
and then certainly our
heritage in manufacturing is
another place that Indiana has
continued to perform very
well.
>> Talk about opportunities, a
lot of focus being placed on
the electrification of all the
auto industry, certainly
microchips, Indiana has been
some success in both those
areas, how do you look at the
competitive landscape because
it's very competitive and how
Indiana might fare in the year
or couple of years ahead?
>> Yeah, I think clearly the
emphasis that Governor
Secretary chambers and the
IEDC have laced on those
sectors has really made a big
difference and getting the
word out that were really
interested in those
opportunities. Sarah young,
being so heavily involved in
the CHIPS act really creates a
lot of momentum around it. And
then without a doubt Intel
making a decision that they
did to go to Ohio great a lot
of momentum for the Midwest.
And really people have
realized that the Midwest is a
place where you can make
things but you can also
engineer design things and I
think there's a great
opportunity for us going
forward.
>> Indiana had some wins again
and the chip area and the
electric vehicle area as well,
but Intel you mentioned was
not a win and went to Ohio,
and workforce talent was site
is perhaps one of the reasons
for Indiana didn't get it, is
that of a challenge going
forward? SMIRC yeah, I think
clearly talent is where
Indiana has more work to do
and not just four-year degrees
its two-year degrees,
certifications, credentials
for different industry
sectors, what we really need
lift up our talent and yes I
do think Indiana competed very
well as a finalist for the
Intel project and at the end
of the day that helped us to
pit to Ohio for sure.
>> So talent turn in terms of
headwinds talent perhaps in
the year ahead, how about
national economy? Is that
another on uncertainty out
there?
>> Yeah for sure I mean I
think this inflationary period
we're in that has been you