The state of Indiana Motorsport in America Day

Transcription

1 The state of Indiana Motorsport in America Day Tuesday 23 March 2010 MIA, Stoneleigh Park, Warwickshire

2 4 hours Chicago, IL Cincinnati, OH Columbus, OH Louisville, KY St. Louis, MO Indiana: Crossroads of America 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 Best in Midwest for Low Taxes 1st in the Midwest and 12th nationally Illinois (28th), Kentucky (36th), Michigan (29th), Ohio(46th) Fifth consecutive year of top competitiveness award

4 Best in Midwest for Cost of Doing Business Source: Forbes Best States for Business Index st in the Midwest & 6th nationally

5 Diversified Economy Means: AAA Bond Rating Best in History One of 10 States with AAA rating S&P cited state s diversifying economy, budgeting, property tax reform and low debt as rationale for upgrade

6 IEDC International Offices

7 International Investment in Indiana $34.4 billion in international Investment 139,900 Hoosiers employed by international Investors Top five international investors: United Kingdom ($ 9.8 billion) Japan($ 9.4 billion) Germany ($ 9 billion) France ($ 1.2 billion) Canada ($ 916 million)

8 UK Employers in Indiana Goodridge XTrac Keronite Pi Research Active Sensors

9 In-Sourcing Jobs More than 15,800 new jobs & $8 Billion investment from FDI since 2005 First in North America for attraction of production jobs through FDI Source: IEDC -UK Office, 2009

10 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

11 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

12 Regional Motorsports Employers 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

13 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)

14 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, 2009.

15 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.

16 IRL Contract to Build New Indycars Will be built in the U.S. 5 bidders Winner will be identified in May New opportunities for UK motorsports companies

17 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

18 Engineering Schools in Indiana 1. Indiana Institute of Technology 2. Indiana University-Purdue University Fort Wayne 3. Indiana University-Purdue University Indianapolis 4. Purdue University 5. Purdue University Calumet 6. Rose- Hulman Institute of Technology 7. Tri- State University 8. University of Evansville 9. University of Notre Dame 10. Valparaiso University 11. University of Southern Indiana Source: IEDC -UK Office, 2009

19 Indiana s Existing Automotive Technology Advantage

20 Indiana s Clean Tech Leaders Energy Storage & Distributed Power EnerDel Caterpillar Altairnano GE Energy Johnson Controls Duke Energy I-Power Raytheon Rolls Royce NSWC Crane SAIC Transmission & Smartgrid Duke Vectren AEP Delphi NiSource Johnson Controls IPL GE Energy Midwest ISO Advanced Technology Vehicles Bright Automotive Toyota Delphi SIA Allison Transmission Cummins AM General Remy International PCI, etc. GM PowerTrain Honda Think

21 ESN Building An Energy Ecosystem

22 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. $62,800,000 Navistar, Inc Elkhart, IN Develop, validate, and deploy 400 advanced battery electric delivery trucks with a 100 mile range. $39,200,000 Purdue University West Lafayette, IN Advanced Electric Drive Vehicle Education Program $6,100,000 TOTAL $416,100,000

23 Recent Announcements Bright Automotive lands military contract (October 2009) Anderson, Indiana based Bright Automotive Inc. has launched an esolutions initiative in conjunction with a military contract that involvesusing the company s technology to pump power back into the electric grid. Think will build electric cars (January 2010) Elkhart, Indiana has been chosen as the site for Think North America to invest more than $ 43 million into their manufacturing facility where they will build electric cars. EnerDelto expand operations In Indianapolis (January 2010) Lithium-ion battery maker EnerDelwill locate its newest manufacturing operation in Hancock County, Indiana, investing over $237M in a 200,000 sfmanufacturing facility and creating 500 more jobs, bringing the company to a total of 1,400 in three locations within the Indianapolis Region

24 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

25 Indiana Delegation in the UK on April Indiana Reception in Central London; April 27 Doing Business in the U.S. Seminar, April 28, Loughbrough

26 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

27 Summary & Conclusion Strong, Available Workforce Industry Leadership Low Cost of Business Modern Amenities & Culture We want to earn your business

28 The state of Indiana Motorsport in America Day Tuesday 23 March 2010 MIA, Stoneleigh Park, Warwickshire