Snapshot    of    

Indiana  July,  2010

Zhejiang & Indiana

Indiana Zhejiang

Snapshot: The 50 United States 1 Country, 50 different states

•  Each state has different business climates, laws, taxes, etc.

Snapshot: Indiana’s Location

CANADA

MEXICO

ATLANTIC OCEAN

PACIFIC OCEAN

GULF OF MEXICO

INDIANA

•  Indiana located in the Midwest region of the United States

Snapshot: The Midwest

•  Bordering States •  North – Michigan •  South – Kentucky •  East – Ohio •  West – Illinois

•  Bodies of Water •  Lake Michigan (Northwest

Corner) •  Ohio River (Southern Border)

INDIANA

Snapshot: Indiana Size and Population

Size •  38th largest state in

landmass (94, 321 km²)

•  Smallest state west of Appalachian Mountains

•  Slightly smaller than Zhejiang (101,800 km2)

Population •  16th Largest state in

population (6,423,113 people)

•  65.46 people/ km² •  5.6% growth rate

Snapshot: Demographics Racial Background: •  White: 88.0% •  Black: 9.1% •  Native American: 0.3% •  Asian: 1.4% •  Total Indiana Asian

Population: 83,200 •  Total Indiana Chinese

Population: 17,092 +

General Background: •  Median Income: $48,010

per year •  Foreign Born: 3.1% •  High School Graduates:

82.1% •  College Graduates: 19.4%

Snapshot: Counties of Indiana

•  92 counties in total •  Average size: 1030 km2

•  Average pop.: 65,712 •  Counties are mainly

named after founding fathers, military personalities, or Indian tribes

Snapshot: Major Cities

Cities in Indiana by Population •  Indianapolis – 807,584

*Metro Area – 1,715,459 •  Fort Wayne – 205, 727 •  Evansville – 121,582 •  South Bend – 107, 789 •  Gary – 102,746 •  Bloomington – 69,291 •  Muncie – 67, 430 •  Terra Haute – 59,614 •  Lafayette – 56,397 •  Elkhart – 51,874 •  Kokomo – 46,113 •  Richmond – 39,124 •  Columbus – 39,059

Fort Wayne

Indianapolis

Columbus

Evansville

Lafayette

Terra Haute

Gary

Bloomington

Elkhart

Richmond

Muncie

•  There are 9 Indiana Cities which have one or more sister cities in Zhejiang •  Anderson – Yuhang, Hangzhou •  Bloomington – Jiaxing •  Elkhart – Jinhua •  Fishers – Binjiang, Hangzhou •  Franklin – Luqiao, Taizhou •  Indianapolis – Hangzhou •  Marion – Jindong, Jinhua •  Muncie – Zhuji •  Valparaiso – Huzhou/Wuxing district, or Jiaxing/Nanhu

Snapshot: Sister Cities

•  “Crossroads of America” •  Major Highways:

• Interstate 65 to Chicago, Illinois & Louisville, Kentucky • Interstate 70 to St. Louis, Missouri • Interstate 74 to Cincinnati, Ohio • Interstate 69 to Michigan/Canada

•  Indiana contains more km of interstate highway per km2 than any other state

Estimated Driving Times from Indianapolis:

•  Cincinnati: 2hrs •  Louisville: 2hrs •  Chicago: 3hrs •  St. Louis: 4hrs 30min •  Detroit: 5 hrs

Snapshot: Transportation

Indianapolis

Evansville

Louisville

Gary Fort Wayne

Snapshots: Interstates •  I-70 (3465 km) & I-65 (1428 km) connect Indiana to the rest of the country •  I-15 (red) connects I-70 to the rest of the West Coast, including Los Angeles • Once the I-69 extension (orange) is finished, it will connect Canada to Mexico and travel right through Indianapolis

Snapshot: One Day’s Driving Distance

•  The vast number and range of interstate highways in Indiana provide an excellent network for transportation

•  The shaded area is a radius of an 11-hour driving time from Indianapolis •  Combined population of shaded area: 131,254,850 •  Combined shaded area amounts to 44% of the total US Population

Chicago, Illinois

Detroit, Michigan

D.C. St. Louis, Missouri

Nashville, Tennessee

Snapshot: Airports and Seaports

•  3 Ports of Indiana provide access to Mississippi & St. Lawrence Waterways •  Port of IN - Mount Vernon •  Port of IN - Jeffersonville •  Port of IN - Burns Harbor

* Burns Harbor is the most efficient deep-water port on the Great Lakes

•  Major international airports serving Indiana: •  Indianapolis •  Louisville, Kentucky •  Cincinnati/Northern Kentucky •  O’Hare (Chicago, Illinois)

•  Local Airports in Indiana cities Mount Vernon

Jeffersonville

Burns Harbor

Cincinnati International

Indianapolis International

Louisville International

O’Hare International

Fort Wayne International

Indianapolis

Snapshot: Major Waterways

Indiana

Indiana

•  Mississippi Waterway connects the Midwest to the Gulf of Mexico •  2 ports on Ohio River connect

Indiana to the Mississippi

•  The St. Lawrence Seaway connects the Great Lakes with the Atlantic Ocean in the East •  Burns Harbor in Lake Michigan connects

Indiana to the Seaway

•  Indiana has the 5th most km of railroad track / km2

compared to all 50 states •  The tracks on the map to the

right connect to national rail systems

•  Indiana’s vast railroad track not only creates intrastate shipping, but provides interstate opportunities as well

Snapshot: Crossroad of Railroads

•  The Indiana Territory was established July 4, 1800; before any Western states were established

•  Originally consisting of what is now Indiana, Michigan, Illinois, Wisconsin, and parts of Minnesota

•  In 1816 Indiana gained the namesake of the territory and became the 19th state in the Union

•  Indiana was the Battlefront in French and Indian War & Revolutionary War

•  The Wabash-Erie Canal Plan –  Bankrupted Indiana in 1837 –  The Indiana State Constitution

was rewritten in 1851 to forbid the state from carrying debt

Snapshot: History

Snapshot: Indiana Achievements

•  Indiana Achievements: •  1st car was assembled in

Kokomo, IN •  Gary, IN has the largest steel

mill in the Northern Hemisphere

•  First professional baseball game held in Ft. Wayne (1871)

•  Gasoline pump was invented in Ft. Wayne

•  Wabash was first city in U.S. to have electric street lights

•  Empire State Building and The Pentagon are constructed of Indiana limestone

Snapshot: Famous Hoosiers

•  Indiana is known as the “Hoosier” state •  Indiana residents are known as Hoosiers (pronounced

“Hu-Zur”)

•  United States Presidents •  William Henry Harrison (1841) – 9th President •  Abraham Lincoln (1861-1865) – 16th President

*Resided in Indiana during youth

•  Benjamin Harrison (1889-1893) – 23rd President *Grandson of William Henry Harrison

•  United States Vice Presidents •  Schuyler Colfax (1869-1873) •  Thomas A. Hendricks (1885) •  Charles W. Fairbanks (1905-1909) •  Thomas R. Marshall (1913-1921) •  Dan Quayle (1989-1993)

Abraham Lincoln

Benjamin Harrison

William Henry Harrison

Culture: •  Sports in Indiana:

•  Indy 500 Racing •  Indianapolis Colts (NFL) •  Indianapolis Pacers (NBA) •  Hoosier Hysteria = High School

Basketball •  Music & Art in Indiana:

•  IU School of Music best in Nation •  Indianapolis Symphony Orchestra •  Indianapolis Museum of Art •  Columbus, IN is known as the

“Athens of the Midwest” for its architecture.

Snapshot: Culture

•  Famous Hoosiers •  Michael Jackson (“King of Pop”) •  James Dean (movie actor) •  The Wright Brothers (airplane inventors) •  George Rogers Clark (18th century military figure) •  Kurt Vonnegut (author) •  David Letterman (TV personality)

•  State Seal established at statehood: December 11, 1816

•  Rising sun signifies Indiana’s bright future

•  Man signifies industry and development in Indiana

•  Buffalo signifies the Indiana wilderness being tamed

•  Used to certify authenticity of official state documents

Snapshot: Seal and Flag of Indiana

•  State Flag established at centennial: May 31, 1917

•  Torch represents liberty and enlightenment

•  19 stars represents Indiana as the 19th state of the union

•  The star above the torch represents Indiana

•  Displayed at government buildings and at any organization funded by the state.

•  Two main political parties: Republicans and Democrats

•  Separation and Balance of Powers •  Federal laws different from state

laws; different from local laws; build off each other

•  By state constitution, Indiana is not allowed to have debt; required to have a balanced budget

•  Indiana State Legislature: •  Indiana Senate

•  50 members •  Four Year Terms •  Half of Senate is elected

biennially •  Indiana House of Rep.

•  100 members •  Two Year Terms •  All of House is elected

biennially

Snapshot: Politics

•  Part-time legislature: most state legislators have another job

•  In even years, the Indiana Legislature has “short sessions” ending March 14; In odd years it has “long sessions” ending April 29

•  49th Governor of Indiana •  Party: Republican •  Elected in November, 2004 –

took office in January 2005 •  Reelected November 2008 •  Currently in 2nd (and last) term

of Governor; Term ends January, 2013

•  Also serves as Board Chairman of the Indiana Economic Development Corporation (IEDC), which he helped to create in 2005

Snapshot: Executive Office

Lieutenant Gov. Becky Skillman Governor Mitch Daniels

•  Party: Republican •  Elected on the same ticket as

Governor Daniels •  Presides over Indiana Senate, casts

tie-breaker votes •  IEDC Responsibilities

•  Agriculture • Housing + Community

Development •  Tourism Development •  Energy + Defense Development •  Counter Terrorism + Security

Council

Snapshot: Indiana Fiscal Climate 2010

•  Indiana is the only state in the Midwest to currently carry a budget surplus

•  Indiana has a Triple A credit rating for the first time ever

•  In 2008, Indiana legislature passed the largest tax cut in state history, and reduced Indiana’s property taxes to some of the lowest in the nation

•  Indiana is adding to its public infrastructure at a rate twice the previous all-time record

Snapshot: Avenues for Assistance

•  IEDC – Indiana Economic Development Corporation •  Indianapolis based agency is Indiana state

government’s main business development window; www.iedc.in.gov

•  IEDC has Beijing and Hangzhou offices.

•  Indiana’s “Regional Economic Development Corporations” which promote economic development for multiple cities/counties

•  Indiana’s LEDOs or “Local Economic Development Organizations” which represent a specific city and/or county

•  First state to implement state funded public higher education system

•  Six state schools + Notre Dame account for over 165,000 students

•  World renowned universities known for growth and development: •  Indiana University: Business ranked

7th best in the nation; Public Affairs largest in nation; Economic Nobel Prize

•  Purdue University: Engineering ranked 9th best in the nation, Technology school tied for best in the nation

•  Ball State University; Ranked in top five for entrepreneurship program; expanding telecommunications program

•  IUPUI has a health and life sciences focus, with a medical school and a nursing school among the largest in the nation

Snapshot: Higher Education

IUPUI

University of Southern Indiana

Purdue

Indiana State

Indiana University

Notre Dame

Ball State

Snapshot: Indiana Agriculture

•  Indiana has a diverse agriculture background •  Largest commodity is soybeans •  Indiana Ranks in the top five states for production of:

• Ice Cream • Eggs • Cantaloupe • Tomatoes • Soybeans • Corn • Mint • Turkeys • Ducks

•  “Nation’s most manufacturing intensive economy” – Indiana Business Resources

•  Major products include: pharmaceuticals, medical devices, transportation and automobile manufacturing, coal, chemical products, rubber, and machinery

•  Indiana manufacturing jobs have outlived national expectations by focusing on high skilled labor, location in medium to smaller sized cities, and advantages in logistics

•  Best Business Tax Plan in Midwest 7 years running

•  7th best working environment in the nation

Snapshot: Main Business Sectors

•  Located in Corn and Grain “belts” •  One of the most business friendly

states in the United States: •  Low business and state taxes •  Low union membership, flexible

labor laws •  Conservative business climate

•  #1Best in the Midwest – Forbes Magazine’s “2009 Best States for Business Index”

•  #1Best in the Midwest – Tax Foundation’s “2010 Business Tax Climate Index”

•  #1Best in the Midwest – Chief Executive’s “2010 Best and Worst States for Business”

•  Indianapolis was first on CNN Money’s list of top 10 cities for recent graduates

•  A study conducted by CNN Money found Indianapolis has the most affordable housing market in the nation

•  Median Family Income - $68,700 •  Median Home Price - $96,000 •  Data from National Association of Homebuilders and Wells Fargo Housing Opportunity Index

Snapshot: Business Climate & Rankings

•  Foreign Direct Investments in Indiana have increased in the past year, despite recession

•  700 companies; 31 nations •  Indiana Ranks 6th in the nation in

comparison to FDI/GDP; fast growing FDI rate compared with United States FDI rate

•  Asia represented ~25% of Indiana’s FDI in 2005

•  Indiana’s Business Climate attractive to foreign investments; Foreign Investments have increased Indiana’s sustained growth

•  Major Japanese, European Investment in the past; moving to Chinese Investments in the future

Snapshot: Past Foreign Investment

Snapshot: Foreign Partners in Economic Development

•  36 Countries represented •  Japan – 218 partners •  Germany – 94 partners •  Great Britain – 90 partners •  Canada – 77 partners •  France – 43 partners •  China – 5 partners and

growing!

Source: Duke Energy updated 03/10

•  With a bustling metropolis and widely available middle population centers, Indiana offers expanses of land at low rates that are near larger cities

•  Ability to buy existing facilities •  Ability to buy new undeveloped,

“green field sites” for usage •  Local and State incentives and

discounts available for development

•  Laws flexible to new business needs

•  Easy to integrate into Indiana’s already bustling economy

Snapshot: Land Usage

•  We have a check list of due diligence items to take into account when acquiring one of the following: –  an existing site and building –  a green field –  business/industrial park site/real estate (no building) –  existing industrial sector operation

•  Due diligence categories: •  Environmental and safety disclosures •  Environmental regulations at federal, state, and local levels •  OSHA •  DOT •  Quality, sustainability

•  Source: Cornerstone Environmental, Health & Safety, Inc. of Zionsville, IN

•  Environmental and Safety Concerns: A facility assessment should be conducted to assess current and past compliance with environmental and safety regulations. Using our holistic approach to business operations, Cornerstone’s staff will evaluate the status of regulatory compliance in addition to providing insight into areas such as operational efficiency, energy consumption and sustainability practices.

•  Increasing economic ties •  Businesses investing in Zhejiang •  Businesses investing in Indiana •  Government economic trips

•  Increasing cultural ties •  Increasing number of sister cities •  Joint education ties, cultural

appreciation

Snapshot: Future of Indiana and Zhejiang

•  Mutual Benefits and Friendship •  New business, economic

opportunities available •  New cultural, economic, political,

and social dialogue •  Brighter future for both sister

states

The Sagamore Institute’s new home as of July 1, 2010 – The Levey Mansion.

2902 N. Meridian St. Indianapolis, IN 46208 (317) 472-2050 www.sagamoreinstitute.org

Indiana

Zhejiang