IEDC International Offices

Transcription

1 MIA America Day Stingray RV, Daventry March 9, IEDC International Offices International Investments in Indiana $30.3 billion in international Investment 141,000 Hoosiers employed by international Investors Top five international investors: United Kingdom ($ 11.2 billion) Japan($ 11 billion) Germany ($ 3.4 billion) France ($ 1.44billion) Canada ($ 1.37 million)

2 International Investments in Indiana (continued) State ranks #1 for two consecutive years in manufacturing jobs created through foreign investment More than 29 countries are represented by manufacturing operations in Indiana The state has been ranked 4 th in the U.S. and 1 st in the Midwest in terms of British capital investment. Indiana ranks 8 th in the U.S. and 3 rd in the Midwest in terms of employment in British owned businesses. 4 UK Employers in Indiana Goodridge XTrac Keronite Cosworth Active Sensors Indiana: Crossroads of America 4 hours Chicago, IL Cincinnati, OH Columbus, OH Louisville, KY St. Louis, MO 8 Hours Birmingham, AL Charleston, WV Cleveland, OH Des Moines, IA Detroit, MI Kansas City, MO Memphis, TN Milwaukee, WI Pittsburgh, PA 12 hours Atlanta, GA Baltimore, MD Charleston, SC Jackson, MS Raleigh, NC Little Rock, AR Richmond, VA Minneapolis, MN Toronto, ON Omaha, NE Washington, DC

3 Focus on Regional Strengths Targeted efforts in key business sectors - Life Sciences - Logistics and Distribution - Advanced Manufacturing - Information Technology - Motorsports 3 Capitals of the World in One State RV Capital in Elkhart, Indiana Medical Devices Capital in Warsaw, Indiana? Indianapolis: The Racing Capital of the World

4 Motorsports in Indiana - 1,400 motorsports companies in Indiana - More than 50 Race Tracks, including Figure 8, Oval, Road Course,Drag Strip, and Kart Tracks. - Largest racing tire manufacturer in the world Hoosier Tire Regional Race Tracks The Indianapolis Motor Speedway O Reilly Raceway Park at Indianapolis Indiana State Fairgrounds Race Course Indianapolis Speedrome North Track Raceway Shelby County Speedway Paragon Speedway Bloomington Speedway Anderson Speedway Motorsports in the Indianapolis Region Home to World-class Motorsports Events: Indianapolis 500 Allstate 400 at the Brickyard Drag Racing s U.S. Nationals MotoGP Regional Motorsports Employers > 500 motorsports companies employing > 10,000 experienced, high skilled workers Major Motorsports Teams Andretti-Green Racing Dryer & Reinbold Racing John Force Racing Panther Racing Prudhomme Racing Schumacher Racing Sinden Racing Tony Stewart Racing Pedregon Racing Target Chip Ganassi Racing Major Manufacturers/ Shops Active Sensors AED Products LTD Bishop Steering Technology Bruce Litton Trailers CL Tech, Inc. K-Motion Racing Parts Saldana Racing Products SPM Rods and Components US Auto Club Weld Tech, Inc. Hoosier Tire

5 Central Location to Other Race Tracks - The Indianapolis Region is within a one-day drive of 50% of the U.S. population. - The Indianapolis Region has the most highway convergence in the United States. Nearest National Tracks Chicagoland Speedway (IL) Route 66 Drag Park (IL) Gateway International Raceway (IL) Kentucky Speedway (KY) Mid-Ohio Sports Car Course (OH) Mansfield Speedway (OH) Burke Lakefront Road Course (OH) Michigan International Raceway (MI) Raceway at Belle Isle (MI) Nashville Super Speedway (TN) Indianapolis Motor Speedway History Founded in 1909 as an automobile testing facility, it quickly became the first significant motor sports venue in the United States By 1910 the crushed stone and tar track was resurfaced with 3.2 million paving bricks giving the Speedway its nickname The Brickyard Four turns 4.02 km (2.5 mile) oval Infield road course added in km (2.6 mile) track Since automobile races & 136 different winning drivers Source: IMS and Urban Land Institute, Speedway Redevelopment The Speed Zone attracting business, tourists, and residents Developing a business and fan friendly destination around the Indianapolis Motor Speedway Redevelopment of four districts: Motorsports Technology IMS Expansion Museum/Entertainment/Retail Town Center Speed Zone Elements: New Hotel/Conference Facility Increased Industrial Space More Public Gathering Space New Main Street Streetscape Public Art Extracted IMS Museum Source: Urban Land Institute and American Structure Point, 2009.

6 Dallara Operations in Indiana Dallara Facility is under construction and is just 3 blocks south of the Indianapolis Motor Speedway. The facility marks the start of the Speedway Redevelopment project which will create a cluster of motorsports businesses in the region Dallara Operations in Indianapolis will include: - IndyCar Chassis Construction - Research, Design and Technology Center for American Motorsports The state of Indiana offers a $150,000 tax credit per car to anyindycarteam based in Indiana for the purchase of their new Indiana built The new design boasts safety, raceability, cost-effectiveness, efficiency, relevant technology, American-made, green and modern looks. The rolling chassis will cost $349,000, with a complete car costing $385,000. This is a 45 percent price decrease from the current IZOD IndyCar Series formula. Indiana s Existing Automotive Technology Advantage Recovery Act Grants Recipient Location Purpose Amount EnerDel, Inc. Indianapolis, IN Production of lithium-ion cells and packs for hybrid and electric vehicles. $118,500,000 Remy, Inc. Anderson, IN; Morristown, IN; Greenfield, IN; Indianapolis, IN Establishing a standardized platform of hybrid electric motors and controls. $60,200,000 Magna E-Car Systems of America, Inc. Muncie, IN Increasing production capacity of advanced automotive electric-drive system component manufacturing plants located in the U.S. $40,000,000 Delphi Automotive Systems, LLC Kokomo, IN Expansion of manufacturing for existing electric-drive power electronics components for both passenger and commercial vehicles. $89,300,000 Allison Transmission, Inc. Indianapolis, IN Increasing U.S. capacity to manufacture hybrid systems for the commercial truck market. Navistar, Inc Elkhart, IN Develop, validate, and deploy 400 advanced battery electric delivery trucks with a 100 mile range. $62,800,000 $39,200,000 Purdue University West Lafayette, IN Advanced Electric Drive $6,100,000 Vehicle Education Program TOTAL $416,100,000

7 Engineering Schools in Indiana Purdue University #5 Best Public University #9 School of Engineering Rose-Hulman Institute of Technology #1 University offering a Bachelor s or Master s as its top degree in engineering Ivy Tech Community College of Indiana 23 Campuses Statewide Offers Associate Degrees, Tech Certificates, & Career Development Certification Programs Provides Workforce Training Programs to Local Employers Motorsports Higher Education Programs - Indiana University Sports Communications & Sports Marketing and Management - Purdue University Mechanical Engineering Technology - Indiana University Purdue University Indianapolis Motorsports Engineering & Mechanical Technology - Indiana State University Motorsports Management & Business - Marian College Motorsports Management & Business - Indianapolis University Sports Marketing - Ivy Tech Community College of Indiana Motorsports Fabrication & Performance Technology Applied Science in Motorsports How Indiana Ranks Best in Midwest: Cost of Doing Business 1 st in the Midwest & 6 th Nationally Source: Forbes Best States for Business Index Diversified Economy Means AAA Bond Rating Best in History One of 10 States with AAA Rating Indiana s diversifying economy, budgeting, property tax reform and low debt as rationale for upgrade Best in Midwest: Low Taxes. Fifth consecutive year of top competitiveness award Indiana has the #1 Business Climate in the Midwest. Best Places for Business Survey -605 top CEOs

8 State Assistance Venture Capital Investment Tax Credit Motorsport Equipment Sales Tax Exemption Research and Development Tax Credit Research and Development Sales Tax Exemption Patent Income Exemption The Economic Development for a Growing Economy (EDGE) Hoosier Business Investment Tax Credit (HBI) Skills Enhancement Fund (SEF) Source: IEDC -UK Office, 2009 Most Affordable Housing Market 13 consecutive quarters of nation s most affordable housing (Source: National Association of Home Builders) Most affordable of all cities with a population over 50,000 Average sales price range: $155,000 - $282,000 Wide array of housing options Summary & Conclusion Strong, Available Workforce Industry Leadership Low Cost of Business Modern Amenities & Culture We want to earn your business

9 MIA USA Day Stingray RV, Daventry March 9, 2011