Building a Better City for Business

What is IEDI’s focus?What is IEDI’s focus?

Indianapolis Economic Development, Inc.

JOBS!

1.Retain

2.Create

3.Attract

Targeted IndustriesTargeted Industries

Indianapolis Economic Development, Inc.

Advanced Manufacturing

Information Technology Energy

Logistics Life Sciences Motorsports

Recent Successful Projects

Indianapolis Economic Development, Inc.

•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

New/Retained Jobs

Indianapolis Economic Development, Inc.

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.

Successful Projects

Indianapolis Economic Development, Inc.

2010 Initiatives2010 Initiatives

Indianapolis Economic Development, Inc.

• 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.

Why Indianapolis is a Great Place to Start and Grow a Business

Indianapolis Economic Development, Inc.

• Some of the lowest business operating costs in the nation based 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

Why Indianapolis is a Great Place to Start and Grow a Business

Indianapolis Economic Development, Inc.

• 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)

Biggest Opportunities

Indianapolis Economic Development, Inc.

1. Past investment in infrastructure and amenities will continue to pay dividends.

2. Conservative fiscal policy has positioned us better than other cities/states and will pay off in the coming years.

3. Becoming known on the world stage – Indianapolis 500, Super Bowl, world-class airport, expanded convention center, etc.

4. Becoming more proactive in business recruitment and retention.

5. Growing life sciences, IT, advanced manufacturing and other high-tech and green jobs.

www.indianapoliseconomicdevelopment.com