16 Tech: Community UpdateNovember 22, 2019

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Agenda

1. Welcome/Overview

2. Community Initiatives Updates

3. District Development Updates

4. Construction Updates

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Welcome and Thanks

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16 Tech Strategic ObjectivesFormed as 501c3 for public benefit

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• Create a hub for innovation activity in Indiana through strategic acquisition of land, mixed use development and placemaking

• Attract innovative companies, teams, and talent to 16 Tech

• Provide programming services to foster innovation

• Engage and contribute meaningfully to the neighborhoods surrounding 16 Tech

• Create an inclusive culture that welcomes and celebrates diversity in the district and surrounding area

• Develop a sustainable business model that supports the continued development of 16 Tech

16 Tech Timeline

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16 Tech identified innovation and entrepreneurial activity

2002 2015 2016 2017 2018

16 Tech Community Corporation established

Project Agreement with City signed

16 Tech creates master plan for district

Fairbanks grant announced

Lilly Endowment grant secured

Development Agreement signed with Browning for initial Phase 1 projects

Public infrastructure and Building 1 construction begins

Community Investment Fund Advisory Committee named

CEO hired to lead 16 Tech

2019

Public infrastructure and building construction continues

Ongoing Phase 1 land acquisition

Community Initiatives

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16 Tech Community Investment Fund Launch

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16 Tech Community Investment Fund Launch

Video Production:

Derek Tow, owner of The South 40 Media Production and The Box Media Space near 16 Tech

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To play video: https://vimeo.com/374493912

16 Tech Communities Served

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16 Tech will only consider grant proposals focused on

making an impact within the following geographic

boundaries:

• Near Northwest: Riverside, Rivers Edge, Planners, NW

Civic League, Neighbors Helping Neighbors, Kessler-

Wides (KW30), Golden Hill, Cold Springs, Clifton on the

River

• Near West: Haughville, Hawthorne, Stringtown, We Care

• Fayette Street, Indiana Avenue, MLK Jr. Street, Historic

Flanner House Homes, and Ransom Place

All applications must demonstrate resident and neighborhood support for the proposed project or funding request.

16 Tech Community Investment Fund Priorities

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Workforce training

Create meaningful workforce development opportunities for adults that lead to career pathways that earn at least a living wage.

Neighborhood capacity building

Build organizational capacity,

grow social capital and an

entrepreneurial spirit as well

as support community

organizing that leads to

residents being more

empowered.

Business support

Support the growth and sustainability of local businesses and entrepreneurs.

Education

Expand educational opportunities for children in science, technology, engineering, arts and math (STEAM).

Infrastructure and beautification

Connect people and places to enhance community-building by investing in art, housing, nature and beautification of the built environment.

Innovation PoolGrant deadline: December 20, 2019 (noon)

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This funding pool supports resident-led, neighborhood-based projects. Funding up to $25,000 is available for projects that are designed, led, and implemented by grassroots and neighborhood-based organizations.

Who can apply: • Registered 501(c)(3) organizations with annual budgets less than $1 million; or• Individuals who have partnered with a non-profit fiscal agent.

The online applications are hosted by the Central Indiana Community Foundation (CICF) and are open now on the CICF portal.

Innovation Pool

Applications Available Proposal Deadline Board Review & Notification Award Level Grant Period

Annually Minimum 6 weeks after application opening

Within 2 months of submission Up to $25,000 12 months

Impact PoolGrant deadline: January 17, 2020 (noon)

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This funding pool supports larger projects up to $100,000 that are designated and implemented to benefit residents. Multi-year requests will be considered.

Who can apply: • Registered 501(c)(3) organizations; or• Organizations and/or individuals who have partnered with a non-profit fiscal agent.

The online applications are hosted by the Central Indiana Community Foundation (CICF) and are open now on the CICF portal are open now.

Impact Pool

Applications Available Proposal Deadline Board Review & Notification Award Level Grant Period

Annually Minimum 8 weeks after application opening

Within 3 months of submission Up to $100,000 12 months(multi-year requests will be considered)

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Important Dates

Contact: communityfund@16tech.com

December 2019

Event: Grant WorkshopDate: December 5 Time: 10 am - 11 am Location: Webinar

Event: Grant Q & ADate: December 12Time: 4:30 – 6 pm Location: Flanner House

Event: Innovation Pool DeadlineDate: December 20Time: Noon

January 2020

Event: Grant Q & A Date: January 8Time: 4-5:30 p.m.Location: Source River West

Event: Impact Pool DeadlineDate: January 17Time: Noon

March 2020

Event: Innovation Pool NotificationsDate: TBD

April 2020

Event: Impact Pool NotificationsDate: TBD

16 Tech District Updates

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Construction & Development Updates

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Land Acquisition16 Tech owns or has options to purchase all land needed for phase 1 of district.

Innovation Hub16 Tech finalizing designs for building, including co-working, office, makerspace and food options. Bid packages available from Browning Dec. 2.

Innovation Building 2Browning pre-leasing.

Innovation Building 1Under construction. Open Summer 2020.

Public Infrastructure ProjectsGent Avenue construction (in progress).

16 Tech Bridge site prep / Water main relocation (in progress).

Well relocation (in progress).

Infrastructure Progress

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Innovation Hub @ 16 TechUpcoming bid opportunities

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The heart and soul of 16 Tech, the Innovation Hub will enhance innovation by:

• Providing flexible space for entrepreneurs, academic researchers, residents and established corporations; and

• Creating a gathering place for programs, partnerships and amenities that service 16 Tech tenants, neighborhoods and the broader Indianapolis community.

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1. Flexible office/incubator space

2. Advanced Makerspace

3. Artisan Marketplace

16 Tech-led Design & Construction ContractsDiversity Participation as of August 2019

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Public Infrastructure

Diversity Participation

Project Contractor Contract Amount

Project Status % MBEGoal15%

%WBEGoal 8%

%VBEGoal 3%

%DOBEGoal 1%

Total Goal27%

Engineering services American Structurepoint

$7,092,761 In progress 16.50% 4.48% 0.00% 0.70% 21.69%

Waterline relocation Bowen Engineering $6,765,155 In progress 14.38% 8.28% 2.68% 0.00% 25.34%

Gent Ave. Corridor Rieth Riley Construction

$4,705,236 In progress 15.36% 16.32% 1.72% 0.00% 33.40%

HazMat abatement 1100 Waterway

CTL Engineering of Indianapolis

$305,000 Complete 100% 0.00% 0.00% 0.00% 100%

HazMat abatement1500 Indiana

CTL Engineering of Indianapolis

$86,500 Complete 100% 0.00% 0.00% 0.00% 100%

* While there is currently no certification process for LGBTQ+ businesses in Indianapolis, 16 Tech welcomes LGBTQ+ participation in the project.

16 Tech-led Design & Construction ContractsWorkforce Utilization as of August 2019

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Public Infrastructure

Workforce Utilization

Project Contractor Project Status MinorityGoal 15%

WomenGoal 8%

LocalGoal 25%

Engineering services American Structurepoint In progress 8% 22% 31%

Waterline relocation Bowen Engineering In progress 10% 9% 33%

Gent Ave. Corridor Rieth Riley Construction In progress 44% 2% 65%

HazMat abatement 1100 Waterway Blvd.

CTL Engineering of Indianapolis Complete 80% 16% 76%

HazMat abatement 1500 Indiana Ave.

CTL Engineering of Indianapolis Complete 74% 16% 68%

Building 1 Construction Update

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Construction Milestones – Building 1

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MILESTONE ON-SCHEDULE

Elevators

December 2019

INPROGRESS

September 2019

BuildingEnclosure

CICP TenantBuild Out

December 2019

INPROGRESS

October 2019

Heating,Cooling

& ElectricalEquipment

INPROGRESS

October 2019

IBRI Tenant Build Out

MILESTONE ON-SCHEDULE

Construction Progress – Building 1

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INPROGRESS

September 2019

BuildingEnclosure

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INPROGRESS

October 2019

Heating, Cooling & ElectricalEquipment

Construction Progress – Building 1

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INPROGRESS

October 2019

IBRI Tenant Build Out

Construction Progress – Building 1

Building 1 - IU School of MedicineInterior Buildout (Bid Package #4)

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(Dates are tentative)

Nov 2019 Drawings in progress

Jan 2020 Bid solicitations to potential bidders

Feb 2020 Bid packages scheduled for award

Mar 2020 Commence construction

Sep 2020 Complete construction

Bid Package Timeline

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Awarded Contracts & Partners – Building 1

BID PACKAGE 1Core & Shell

BID PACKAGE 2IBRI Tenant Improvement

OPEN SHOP

49.20% 50.80% 46.65% 53.35%

36.70% 63.30% 54.37% 45.63%

UNION NON-XBE XBE

(Percentage by contract value) (Percentage by contract value)

59.87% 40.13% 70.20% 29.80%BID PACKAGE 3CICP Tenant Improvement

45.91% 54.09% 50.66% 49.39%BUILDING 1 (TO-DATE)Bid Packages 1 - 3

Innovation Hub Timeline & Bid Opportunities

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Innovation Hub Bid Process & Construction Timeline

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Innovation Hub – Bid Items/Prime Contracts

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Next Community Meeting

Friday, March 27, 2020

8:30 a.m.

Eskenazi Fine Arts Center

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