Information Technology Summit

1
(No Transcript)
2
Information Technology Summit

• October 20, 2008

3
Growth in Indiana IT Sector

• IEDC Efforts
• Competitive economic development projects
• Special Initiatives

4
Record-breaking Commitments for New Jobs,
Investment
New Job Commitments

• Since its creation, the IEDC has worked with more
  than 600 businesses who have committed to create
  more than 75K new jobs and invest more than
  18.4B
• The average wage for new jobs committed in 2008
  is 22.59/hour well above state average of
  18/hour.

2003
2004
2005
2006
2007
2008
New Capital Investment
Billions
2005
2006
2007
2008
5
Increasing Hoosier Income
6
IT Deal Activity

• Largest sector in 2007 in terms of new job
  commitments
• 7,600 new job commitments
• Continued growth in 2008
• Nearly 2,400 new job commitments so far
• Representative companies
• ACS, Angel Learning, ATT, ExactTarget,
  Interactive Intelligence, T2 Systems, Veriana
  Networks
• EDS Recent groundbreaking at Purdue Research
  Park
• 200 new positions

7
Keys to Winning Opportunities

• Pro-Investment Policy Environment
• Telecommunications reform
• Property tax reform
• Single Sales Factor Income Apportionment
• Major Moves
• Incentives to Support Growth
• 21st Century Fund
• VCI Tax Credit
• TECH training grant program
• Overall business environment

8
Foundation Ranks Indiana 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

Source Tax Foundations 2008 Business Tax
Climate Index
9
CNBC Names Indiana Most Improved State for
Business

• 1st in the Midwest and 13th nationally
• 3rd Nationally for overall business
  friendliness
• 4th Nationally for strength in transportation
  infrastructure

Source CNBC, July 2008
10
Projected FY 2008-2009 State Budget Shortfalls
175 M
194 M
Unknown Size
935 M
1.2 B
652 M
4.7 B
350 M
530 M
350 M
565 M
1.3 B
3.0 B
2.5 B
16.0 B
2.1 B
900 M
550 M
210M
2.9 B
Unknown Size
160 M
Unknown Size
784 M
Deficit
550 M
Surplus
2.0 B
Source Center for Budget and Policy Priorities
11
Diversifying Economy Helps Earn Indiana Best
Credit Rating in History

• One of 10 States with AAA rating
• SP cited states diversifying economy,
  budgeting, property tax reform and low debt as
  rationale for upgrade

12
INDURE Project

• Indiana Database of University Research Expertise
• Partnership of Purdue, IU, Ball State, Notre Dame
• Web based tool linking Indiana businesses with
  cutting edge university research
• Modeled after successful program at Purdue

13
(No Transcript)
14
Indiana BizCafe

• One-stop, web based portal linking entrepreneurs
  with potential government grants and contracting
  opportunities, vendors/suppliers, industry
  experts, and employers

15
(No Transcript)
16
MIND Project

• Midwest Institute for Nanoelectronics Discovery
• 61 million nanoelectronics research center on
  the campus of the University of Notre Dame
• One of only four nanoelectronics research centers
  in the US
• Project leverages investment by the State of
  Indiana, IBM, Notre Dame, Purdue, and City of
  South Bend
• Center represents unprecedented commercialization
  opportunities for Indiana

17
Certified Technology Parks

• 19 parks statewide
• 3 new parks established under IEDC
• Purdue Research Park is Indianas first tech park
• Innovation Park at Notre Dame
• Newest Certified Tech Park
• Business incubator and satellite graduation space
• Strong ties to MIND nanotech center

18
(No Transcript)