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Building a Better City for Business

Building a Better City for Business. What is IEDI’s focus?. JOBS! Retain Create Attract. Indianapolis Economic Development, Inc. Targeted Industries. Motorsports. Life Sciences. Logistics. Information Technology. Advanced Manufacturing. Energy.

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Building a Better City for Business

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  1. Building a Better City for Business

  2. What is IEDI’s focus? • JOBS! • Retain • Create • Attract Indianapolis Economic Development, Inc.

  3. Targeted Industries Motorsports Life Sciences Logistics Information Technology Advanced Manufacturing Energy Indianapolis Economic Development, Inc.

  4. Recent Successful Projects • Bucher & Christian 200 new jobs/276 retained jobs • Apparatus130 new jobs/73 retained jobs • Beckman Coulter100 new jobs/400 retained jobs • Comlux400 new jobs/80 retained jobs • Dow AgroSciences100 new jobs/1,031 retained jobs • Rexnord Industries43 new jobs/189 retained jobs B U C H E R + C H R I S T I A N Indianapolis Economic Development, Inc.

  5. New/Retained Jobs Note: The spike in 2006 was attributable to two significant projects: Rolls Royce – 600 created jobs, 4,000 retained jobs and FedEx – 800 created jobs, 4,000 retained jobs. Indianapolis Economic Development, Inc.

  6. Successful Projects Indianapolis Economic Development, Inc.

  7. 2010 Initiatives • Increase funding to increase capacity of the organization and make direct investments to spur development. • Recruit international companies. (Brazil, China, India, Europe) • Launch a coordinated effort with other city agencies to improve education, train workforce, improve infrastructure, redevelop commercial property, and grow jobs. • Develop a reuse plan for the downtown Certified Technology Park. Indianapolis Economic Development, Inc.

  8. Why Indianapolis is a Great Place to Start and Grow a Business • Some of thelowest business operating costsin the nationbased on labor, energy, and taxes • A central geographic location accessible by 5 interstates, 5 rail lines, and a new $1 billion international airport terminal • Office and industrial lease rates that are among the lowest in the nation for a market of comparable size • Access to an available, skilled, and dedicated workforce • Local and state incentive programs for new businesses Indianapolis Economic Development, Inc.

  9. Why Indianapolis is a Great Place to Start and Grow a Business • Indianapolis ranks as one of the top-10 “Best Cities for Jobs.” • (Forbes, January 2008) • Indiana has the best business tax climate in the Midwest and ranks 12th of all states. (Tax Foundation, 2000) • Corporate CEOs rank Indiana as the 8th best state in the U.S. to do business. (CEO Magazine poll of 605 top executives, January 2008) • Indiana has the 4th lowest business costs in the nation, based on labor, energy and taxes. (Forbes, July 2007) Indianapolis Economic Development, Inc.

  10. Biggest Opportunities • Past investment in infrastructure and amenities will continue to pay dividends. • Conservative fiscal policy has positioned us better than other cities/states and will pay off in the coming years. • Becoming known on the world stage – Indianapolis 500, Super Bowl, world-class airport, expanded convention center, etc. • Becoming more proactive in business recruitment and retention. • Growing life sciences, IT, advanced manufacturing and other high-tech and green jobs. Indianapolis Economic Development, Inc.

  11. www.indianapoliseconomicdevelopment.com

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