Building Indiana News

NOVEMBER/DECEMBER NOVEMBER/DECEMBER 2011 2011

Examining Indiana

FACTS FACTS AND AND STATS STATS 2011

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Publisher’s Desk A Welcome Development

219.226.0300 • 317.632.1410 www.buildingindiananews.com www.buildingindianablog.com

CORPORATE HEADQUARTERS 1330 Arrowhead Court Crown Point, IN 46307 Publisher/Editor Andrea M. Pearman andrea@buildingindiananews.com Vice President, Business Development Chrischelle Schmidt chrischelle@buildingindiananews.com

Every year, our annual Facts & Stats issue looks at changes and new developments around the state.

But this year, the Diversified Marketing Strategies family is welcoming a very special new “development” of our own: Blake Jurczak, who arrived November 3 as a happy, healthy, 9-lb., 7-oz. baby boy. Mama Kristin Jurczak, our Director of Events, is doing just fine.

Director, Business Development Leigh Ann Flora leighann@buildingindiananews.com Director of Advertising Liza Hilliard liza@buildingindiananews.com

It’s the most joyous start to the holiday season that I can imagine – and a bright note on which to begin 2012.

Seeing Blake for the first time, I couldn’t help but think of the world he’s going to grow into. So much of what we take for granted today was just fiction when I was growing up. And now a whole new future is being written by visionary entrepreneurs, some of whom are right here in the Hoosier state.

Look at some of the winners of the 2011 Indiana Innovation Awards. There’s Precise Path Robotics, an Indianapolis firm that has created the first robotic greens mower for golf courses. How long until mowing our own lawns is a thing of the past? Or Delta Faucet, whose award-winning Touch 20 faucet allows you to turn the water on or off just by tapping anywhere on it. In a couple decades, knobs on sinks may look as archaic as an 8-track player.

Times may still be tough now, but that won’t last, and like Blake we still have an amazing journey ahead of us. So to all our readers and supporters, thank you for sharing your time with us this year, have a wonderful holiday season, and we will see you all in 2012.

Kind Regards,

Senior Writer David Wellman dave@buildingindiananews.com Creative Director Rebekah Hendricks rebekah@buildingindiananews.com Special Projects Coordinator Jen Labriola jen@buildingindiananews.com Director of Events Kristin Jurczak kristin@buildingindiananews.com Director of Creative Media Sumer Evans sumer@buildingindiananews.com Director of Communications Cindy Hunt cindy@buildingindiananews.com Accounting Lindsey Andershock la@buildingindiananews.com INDIANAPOlIS OffICE Business Development Manager Lee Ann Richardson leeann@buildingindiananews.com 888.226.0330 WARSAW OffICE Business Development Manager Julie Monteith julie@buildingindiananews.com 888.226.0330 Building Indiana News is published by Diversified Marketing Strategies

Andrea M. Pearman Publisher

Visit us at 3dms.com

2006 Communicator Awards’ Award of Distinction 2009 Communicator Awards’ Award of Excellence 2011 Communicator Awards’ Award of Distinction

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Subscriptions: Standard rates: $24.95/year Single copy price: $6.95 Copyright ©2011 Building Indiana News is published six times a year. Address correspondence to: 1330 Arrowhead Court, Crown Point, IN 46307. Publisher reserves the right to accept or reject any editorial or advertising matter. Publisher assumes no responsibility for return of unsolicited manuscripts or art. No part of this publication may be reprinted or otherwise duplicated without the written permission of the publisher. For general reprint information, contact Building Indiana News at andrea@buildingindiananews.com. All opinions and views are solely those of the participants or editors and are not necessarily the views of magazine sponsors.

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Examining Indiana NOVEMBER/DECEMBER 2011

04 Publisher’s Desk 09 Business Buzz 22 People News 64 Location Finder: Financial & Professional Services 65 Real Estate Marketiplace

24 PHOTO fEATURE Schmoozing for a Good Cause

26 STATE Of THE INDUSTRY The Phantom Issue 66 THE lAST WORD Women Make You Better

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FACTS FACTS AND AND STATS STATS 2011

• Introduction

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• Rule of Law

30

• Safety Zone

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• The Bottom Line

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• Being Productive

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• Mass Production

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• Small Business Spotlight

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• Main Feature

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• Real Estate

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• Construction

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• OnSite

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• Logistics

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• Worker’s Comp

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• Your Well-Being

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• Green & Sustainable

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• Lifelong Learning

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• Welcome Center

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• Marketing

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• Region Focus

63 www.buildingindiananews.com

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Contributors PETE DOHERTY Pete Doherty is owner of Doherty Images, LLC. He is an accomplished scenic photographer, in addition to providing commercial photography to a variety of northwest Indiana

clients, including the Northwest Indiana Forum, Lakeshore Public Television and Purdue University Calumet. Doherty retired from Citizens Financial Bank after 32 years of service. He is a graduate of Calumet College of St. Joseph with a Bachelor of Science in Management and

Economics. In 1995, he was awarded Citizen of the Year by the Munster Chamber of Commerce.

MELANIE MORGAN DUNAJESKI Melanie Morgan Dunajeski is an Attorney at the construction

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firm Drewry Simmons Vornehm, LLP, where she practices employment law, litigation, and insurance coverage at the firm’s Merrillville office. She is the current President of “e” Engaging Northwest Indiana Business Women, a not-for profit group with the mission of attracting, retaining and advancing business women in Northwest Indiana through education, leadership and business development.

DONNA FANCHER Donna Fancher is a Marketing Coordinator in Esri’s Product Marketing group. Esri’s GIS software tools and methodologies enable organizations to effectively analyze and manage their geographic information and make better decisions. She works with the media and provides publishers and journalists with data and maps to help illustrate news, stories, features and events. Fancher holds an Associate Degree in Retailing and a Bachelor’s Degree in Marketing from York College of Pennsylvania.

ERICA PASSAUER Erica Passauer is the President and Executive Director for the Regional Development Company (RDC). The RDC is a Certified Development Company which processes United States Small Business Administration 504 Program loans. She spent a decade in commercial banking prior to joining the RDC in 2007.Passauer has a Bachelor of Arts Degree from Indiana University Northwest and further education in credit analysis, commercial lending and U.S. SBA lending.

DEWEY PEARMAN Dewey Pearman serves as the Executive Director for the Construction Advancement Foundation. He holds a Masters Degree in Economics from Indiana State University. The Foundation promotes the union construction industry of northwest Indiana by helping to enhance its efficiency and competitiveness via labor relations and government management, education, training, safety and workforce development.

www.buildingindiananews.com

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airmeadows Home Health Center in Schererville and Retro-Tech Systems of Valparaiso were the top honorees in this year’s E-Day Entrepreneurial Excellence Awards from the Northwest Indiana Small Business Development Center.

Fairmeadows President and CEO George S. Kucka was honored as Small Business Person of the Year, while RetroTech was the recipient of this year’s Entrepreneurial Success award.

Since Kucka joined Fairmeadows in 2001, the company has grown to more

of Success Trek (Valparaiso), while Daniel and Lori Rhoder of Rhoder Machine & Tool, Inc. (Crown Point) were the recipients of this year’s E-Day in the Family Owned Business category. The E-Day Award for Client of the Year was given to Rich Thiel of Midwest PGM Recovery Specialists in Cedar Lake.

Chris Mahlmann of ValpoLife.com received the Small Business Journalist of the Year E-Day Award, while Frank Szczepanski of Valparaiso-based IV Diagnostics accepted the award for Revolutionary Technology Company of the Year. Citizens

BUSINESS BUZZ

Awards Honor Entrepreneurs

Kurt Minko, Retro-Tech Systems

John Barney, Barney Enterprises

Jim Jorgensen, Hoeppner, Wagner & Evans

(l. to r.) Daniel and Lori Rhoder, Rhoder Machine Tool; Steve Arndt, Job-Site Safety; Theresa Valade, Success Trek; Rich Thiel, Midwest PGM Recovery Specialists. than $4.4 million in revenues and now employs 35 associates. He serves as a consultant on healthcare issues, and was at the forefront of the drafting and passage of the 2005 Indiana HME licensure bill. Kucka was elected to the American Association of Homecare Board of Directors in 2010 and was Purdue University’s Innovative Pharmacist of the Year in 2009.

Retro-Tech Systems, a national leader in the lighting industry, relocated from Illinois to Valparaiso in 2010. Led for the past 18 years by President and CEO Kurt Minko, Retro-Tech currently employs 150 and was named one of the 43 2011 Indiana Companies to Watch earlier this year.

The E-Day for top Emerging Business was given to Steve Arndt of Above the Tracks, Ltd. (Job-Site Safety).

E-Day Awards in the categories of Minority Owned and Woman Owned businesses went to Pat and Linda Holmes of Pediatric, Infant & Family Home Health Care Services (Gary) and Theresa Valade www.buildingindiananews.com

Chris Mahlmann, ValpoLife.com

Financial’s Gregg Holley was named Small Business Financial Advocate.

Jorgensen, Barney Honored The Garry Bradley Business Advocate of the Year award was given to Jim Jorgensen of Valparaiso law firm Hoeppner, Wagner & Evans. Jorgensen is a frequent lecturer to various business groups, publishes extensively in business journals, and was an adjunct professor at the Valparaiso University School of Law for over 10 years.

John Barney of Barney Enterprises was honored with the 2011 Lifetime Achievement E-Day. He has owned or partnered in a surgery center, an imaging center, more than 30 restaurants, a hearing center, and a student housing development. He is a board member and past Chairman of the Crown Point Community Foundation and past board member to Methodist and St. Anthony’s Hospitals, Lake Area United Way, and the Northwest Indiana Entrepreneurship Academy.

Frank Szczepanski, IV Diagnostics

Gregg Holley, Citizens Financial

Pat and Linda Holmes, Pediatric, Infant & Family Home Health Services 9

BUSINESS BUZZ

Northwest Canada’s Largest Railroad Makes Tracks to Gary CN, one of North America’s largest railroads, will relocate a portion of its operations from Markham, IL and fully redevelop the existing Kirk Yard rail facility in Gary, adding up to 251 new jobs by 2015. The first phase of the $163 million project will include expanding the railroad classification yard and building a 155,000-square-foot locomotive maintenance and repair facility.

The Indiana Economic Development Corporation (IEDC), the city of Gary and the Northwest Indiana Regional Development Authority (RDA) worked together on a package of incentives to bring CN to the region. The RDA secured a $4 million matching grant for CN for eligible improvements such as the instal-

lation of a new waste water treatment facility and a new storm water management system.

The IEDC offered the railroad up to $2.95 million in performance-based tax credits and as much as $250,000 in training grants based on CN’s job creation plans, while the city of Gary has offered funds generated from the issuance of a tax increment financing (TIF) bond.

Repair Company Expands Certifications Magiera Diesel Injection (MDI) has recently completed certification with Cummins Engine Company to broaden their service coverage.

Located in Crown Point, MDI has been in business since 1982 and is partnered with major diesel manufacturers such as Bosch, Cummins, Delphi, Denso and Stanadyne. The recent certification with Cummins increases their coverage to include midrange engines through the 2011 model years.

MDI is Northwest Indiana’s only factoryauthorized diesel fuel injection facility. They specialize in diesel performance repairs on pickups and midrange trucks, welders, air compressors and heavy equipment.

Gary Firm Honored for Safety Mechanical Concepts, Inc. (Gary) has received first place recognition from The Sheet Metal and Air Conditioning Contractors’ National Association (SMACNA) in the 50,001 to 100,000 man-hour category of SMACNA’s 2011 Safety Excellence Awards Program (SSEAP).

SSEAP is an annual program through which SMACNA tracks the safety history of the industry and recognizes members for outstanding performance. Mechanical Concepts specializes in design, engineering, installation, service and maintenance for the HVAC, plumbing and piping industries.

PICC to Establish Third Indiana Location Partners In Contracting Corporation (PICC) has received matching funds from the U.S. Defense Logistics Agency’s (DLA) Office of Small Business Programs to expand its Procurement Technical Assistance Centers (PTACs) that serve small businesses throughout Indiana. The DLA, a program of the U.S. Department of Defense, is responsible for purchasing the majority of consumable items used by U.S. armed forces worldwide.

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www.buildingindiananews.com

BUSINESS BUZZ

Based in Hammond, PICC currently operates two PTACs in Indiana – one in Hammond and a second in Fort Wayne housed at the Northeast Indiana Small Business Development Center. A third PTAC is planned for Bedford in southern Indiana.

PICC was formed in 1984 to help businesses in Indiana sell goods and services to the government, including federal, state and military agencies. Over the past two years, PICC clients have reported receiving $190 million in contract awards, creating or retaining 3,800 Hoosier jobs.

DeMotte Agricultural Supplier Adds Space, Jobs Belstra Milling Company is investing $2.5 million to renovate, modernize and expand its DeMotte animal feed production facility.

The project will result in more efficient mill stock and grain receiving, increased storage and processing capacity, improved internal and external traffic flows, and greater warehouse space.

Work was expected to be completed in fall 2011 and to increase employment from 28 to 31.

Northwest Indiana Research Park Lands New Companies An Alabama-based software company that provides digital video distribution products to college athletic departments and professional sports franchises, and a company which handles procurement for community wind turbine projects have both opened offices in the Purdue Research Park of Northwest Indiana.

DragonFly Athletics LLC, based in Tuscaloosa, chose the Purdue Research Park of Northwest Indiana because of its proximity to other cities where the company does business. Similarly, AB Wind Power, which has clients in both Indiana and Illinois, recently expanded into Michigan and Northwest Indiana provides an ideal central location.

Port Wins Pacesetter Award The Port of Indiana-Burns Harbor posted the largest increase in international cargo of all the Great Lakes ports during the 2010 navigation season, earning it the prestigious Robert J. Lewis Pacesetter Award from the U.S. Department of Transportation’s Saint Lawrence Seaway Development Corporation.

In 2010, the port registered an increase in tonnage of 73 percent over the 2009 navigation season. The port handled 351,600 metric tons of international cargo, primarily comprised of wind components, steel and construction equipment. In addition to the international tonnage, the port shipped 14 times more project cargo in 2010 than the previous year, resulting in a 43 percent increase in overall shipments and a total tonnage of 1.8 million metric tons.

• AEC Fulfillment Services • Global Document Shipping • Color Services • Document Management • Digital Printing

• Managed Print Services • On Site Print Services • Equipment S&S • Signage and Banners • BIM Services

- continued on pg 12 www.buildingindiananews.com

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Reagent Chemical and Research, Inc. will invest more than $1 million to construct a 10,600-square-foot facility in the Starke County Rail Park in Knox. The new facility will house a general over-the-road truck maintenance operation; and repair, line, outfit and maintain rubberlined tanker-trailers belonging to the Reagent fleet.

Reagent already installs rubber lining in new and used rail tank cars for its use, and maintains and repairs its existing fleet of rail cars,

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Starke County Company to Build New Maintenance Facility

For more information contact Jim Asbury (574) 850-3368 11

BUSINESS BUZZ

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QUALITY INTEGRITY RELIABILITY • Industrial & Process Piping • Equipment Rigging & Setting • Special Alloy Welding • Code Welding • Plant Maintenance • Power Generation • Steel Manufacturing • Alternate Fuels • Chemical & Petrochemical • Petroleum & Refining

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INDIANA LOCATION 425 E. 151st Street, Bay 9 • East Chicago, IN 46312 TOLL-FREE: (800) 794-5033 Tel: 219-392-3000 • Fax: 219-392-3001 ILLINOIS LOCATION 140 E. Tower Drive • Burr Ridge, IL 60527 TOLL-FREE: (800) 794-5033 Tel: 630-887-7700 • Fax: 630-887-0770

www.amsmechanicalsystems.com 12

at the site. After being outfitted at the Starke County site, the rail cars and over-the-road tankers are used to transport hydrochloric acid from Reagent’s distribution facilities outside Indiana to its customers.

Reagent’s products are used in the food processing, energy, steel and other industrial sectors.

This will be the third and largest such maintenance facility for Reagent in the U.S. An undetermined number of new employees will be hired as a result of the new operations. The new facility is expected to be completed in first part of 2012.

Illinois Forge Company Opening Plant in Merrillville Modern Forge, an aerospace, truck and recreational equipment parts manufacturer, will open a new manufacturing facility in Northwest Indiana, creating up to 240 jobs by 2014.

The Illinois-based company will invest more than $17 million to buy, upgrade and equip an existing 150,000-square-foot facility located on 40 acres in Merrillville. It will also build a 60,000-squarefoot forge shop on the property that will house eight forging production lines, engineering and general offices, and a die shop. Once the Merrillville facility is fully operational, the company’s Blue Island, IL, facility will likely close.

Modern Forge will begin hiring new associates in 2012. The positions will be across the company, including engineering, operations and inspection.

The Indiana Economic Development Corporation has offered the company up to $2 million in performance-based tax credits and up to $200,000 in training grants based on its job creation plans, and the Northwest Indiana Regional Development Authority chipped in $2 million in assistance to attract the new facility. The city of Merrillville has also approved additional property tax abatement at the request of the Lake County Economic Development Department.

Manufacturer to Invest in Global Headquarters Sullair Corporation will invest up to $12.7 million in its global headquarters in Michigan City, creating up to 113 new jobs by 2015.

The company manufactures stationary and portable air compressors, compressed air treatment equipment, vacuum systems and air tools for the mining, construction, industrial, manufacturing and energy sectors. The investment includes new equipment purchases as well as energy efficiency upgrades at its 410,000-square-foot La Porte County facility.

The Indiana Economic Development Corporation has offered Sullair up to $800,000 in performance-based tax credits and $75,000 in training grants based on the company’s job creation plans.

Michigan City is providing enterprise zone investment deductions through the Urban Enterprise Association and developing training programs.

Multi-County Economic Development Groups Formed Two multi-county regions in Indiana will create economic development plans under a U.S. Department of Agriculture program that Purdue Extension will support.

The regional teams selected for the “Stronger Economies Together” program, administered by USDA Rural Development, are rural communities of La Porte, Jasper, Starke and Southern Porter www.buildingindiananews.com

For daily news from Northwest Indiana and around the state, visit our blog at www.buildingindianablog.com and follow us on Twitter at @BuildingIndiana.

Northeast Fort Wayne Company Grows Custom Engineering & Fabrication in Fort Wayne is investing $161,000 to expand operations at its new facility and add 14 new jobs.

The company provides manufacturing solutions to a number of different industries, including asphalt, scrap recycling, steel, glass, foam, exterior doors, wood, mineral wool, and paper.

They have purchased the former Fort Wayne Structural Products building and will use 38,000 square feet for manufacturing space and sublease the remaining 6,000 square feet of office space.

The new building is located in an Urban Enterprise Zone and the company is eligible for the Enterprise Zone deduction for any investments in new equipment. The Fort Wayne Urban Enterprise Association also intends to provide a grant to the company to assist with the removal of decaying trees, reconfiguring the parking lot and constructing a new fence.

EDC Expands Small Business Program The Whitley County EDC has expanded its Small Business & Entrepreneurship Initiative (SBEI) to include the SBEI GreenLight, a program focused on rapid response business coaching and mentoring for local entrepreneurs.

- continued on pg 14

2012 REGAL GRAND SPORT (GS)

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MERRILLVILLE, IN

www.schepel.com (219) 769-6381 13

BUSINESS BUZZ

Counties in northwest Indiana and Southern Indiana Growth Alliance, encompassing Ripley, Dearborn, Ohio, Franklin and Switzerland counties.

Stronger Economies Together is designed to help multicounty, rural groups develop new approaches to strengthen and enhance economic development efforts by identifying a region’s strengths and needs.

The northwest Indiana group will focus its development on tourism and manufacturing. The southern Indiana group will concentrate on attracting and retaining college graduates for its workforce.

No grant funding is involved in the yearlong program, but the groups will receive training, database tools and technical assistance to help them take advantage of opportunities that lead to growth and improve quality of life.

Indiana is among about a dozen states selected to participate in this second round of the program. Thirteen states were chosen in the first round last year.

Other organizations providing support for the program are the Association of Indiana Counties, Indiana Association of Cities and Towns, Indiana Association of Regional Councils, Indiana Economic Development Association, Indiana Grantmakers Alliance, Indiana Office of Community & Rural Affairs and Indiana Planning Association.

BUSINESS BUZZ

SBEI GreenLight will provide aspiring entrepreneurs and existing business owners the time to evaluate the viability of a business idea in a safe and interactive environment. Clients entering the Greenlight program will complete a three-phase process over a series of meetings with EDC business consultants. The final phase will conclude with a benchmark assessment to determine next steps and resource partners.

Fort Wayne Airport Adds Flight American Airlines has added a third flight between Fort Wayne International Airport and Dallas/Fort Worth. The new flight was added as a result of demand for connections to Mexico and the southwest that are not currently available via Chicago O’Hare and to meet the needs of Dallas passengers, who have been requesting an additional flight.

American will operate the service using a 50-seat Embraer aircraft. The additional flight will be complimented by service between Fort Wayne International and Chicago O’Hare.

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S e r v i c e S

EDC Purchases Land in Business Park The LaGrange County Economic Development Corporation (LCEDC) has purchased the remaining land in the Fawn River Crossing Business Park in Howe.

The LCEDC took ownership of the approximately 64.4 developable acres left in the park. The land is shovel-ready with all utilities in place, including a brand new 500,000-gallon water tower and treatment plant and connection to the city of Sturgis municipal sewer system, and is zoned for industrial use. The LCEDC also owns a purchase option on approximately 114 acres of “Certified Site Ready” industrial land adjacent to the business park that is privately held.

The park is currently home to DRV Luxury Suites, a manufacturer of high-end fifth-wheel recreational vehicles, Lennard Ag Company, which operates a large potato processing facility, a Holiday Inn Express and the Howe Travel Plaza.

RV Manufacturer Relocating Operations Monaco RV, LLC, a recreational vehicle manufacturer, will relocate all motor coach manufacturing from Coburg, OR, to Wakarusa, creating up to 400 new jobs by 2012. The company will invest more than $1 million to bring the additional production to Indiana.

Monaco currently employs more than 250 Indiana workers at its plant in Wakarusa. The company plans to hire new manufacturing and administrative associates next year.

The Indiana Economic Development Corporation has offered Monaco up to $2.8 million in performance-based tax credits and up to $125,000 in training grants, and the Economic Development Corporation of Elkhart County also offered incentives to attract the company’s relocation.

Global Manufacturer to Grow Headquarters Franklin Electric Company, Inc., a manufacturer of systems and components for the movement of water and automotive fuels, will relocate its global headquarters to Fort Wayne, creating up to 35 new jobs by 2014.

Founded in 1944 by Fort Wayne businessmen E.J. Schaefer and T.W. Kehoe, Franklin Electric got its start selling electric generators www.buildingindiananews.com

to the U.S. military. Today, the company operates 20 facilities in 13 countries.

The Indiana Economic Development Corporation has offered the company up to $2.7 million in performance-based tax credits based on its job creation plans.

Mainstreet Property Group, a company that specializes in next-generation healthcare for seniors, will build a $15 million senior care campus in Wabash.

The facility will incorporate hotel-style living, private rooms and social amenities, including restaurant-style dining. In keeping with one of the trends in the industry, the property will cater not only to seniors who need skilled nursing and assisted living but also those who require short-term rehabilitation.

The total direct and indirect new payroll from the facility is projected to exceed $6 million and the direct output of the project will have an annual economic impact of more than $11.7 million.

Company Relocates to Indiana Solfire Contract Manufacturing (Fort Wayne) will be expanding and relocating part of its manufacturing operations to Fort Wayne from Cicero, IL. Along with relocating, the company will expand its workforce by adding sixteen new positions. Solfire will invest approximately $451,000 relocating the operation, which is expected to be completed in 2014.

Music Case Manufacturer Expands Gator Cases, Inc., a musical and audio visual case manufacturer, will expand its operations in Grabill, creating up to 25 new jobs by 2014.

The company, which designs and manufactures hard cases and bags to protect musical instruments and audio products, will invest more than $350,000 in new molding equipment at its 32,000-square-foot Allen County facility. The new machinery will nearly double the product capacity at this location.

The Indiana Economic Development Corporation has offered Gator Cases up to $100,000 in performance-based tax credits based on the company’s job creation plans.

Axle Maker Invests in Albion Dexter Axle, a supplier of axles, frames and related components in the utility trailer, recreational vehicle, heavy duty and manufactured housing markets, is investing $4 million to expand its Albion plant and plans to hire 60 new employees at an average wage of $18.50 per hour in 2012.

For daily news from Northeast Indiana and around the state, visit our blog at www.buildingindianablog.com and follow us on Twitter at @BuildingIndiana.

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BUSINESS BUZZ

New Senior Facility Planned in Wabash

Solfire is a manufacturing subcontractor of die-cut gasket, seal, and filter components used in appliance, acoustic, industrial, and consumer good applications.

BUSINESS BUZZ

Central Financial Firm Adding Positions Royal United Mortgage, LLC, a consumer mortgage and home equity financing provider, will spend $1.85 million to lease a new facility on the north side of Indianapolis and create up to 140 new jobs by 2013.

The Indiana Economic Development Corporation has offered Royal up to $1 million in performance-based tax credits and up to $120,000 in training grants based on the company’s job creation plans.

Temperature-Controlled Packaging Manufacturer to Heat Up Operations DGP Intelsius, LLC, a manufacturer and distributor of temperature-controlled packaging, will expand its operations in Indianapolis, creating up to 80 new jobs by 2014.

As part of the expansion, the company will invest more than $870,000 in equipment, tooling and the leasing of a 13,508-square-foot facility.

The Indiana Economic Development Corporation has offered the company up to $400,000 in performance-based tax credits and up to $250,000 in training grants.

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Angie’s List to Add 500 Jobs Angie’s List, a national provider of consumer reviews on local service companies, will lay out $11.5 million to expand its four-city-block campus on Indianapolis’ near east side and create up to 500 new jobs by 2015.

The company is expanding in order to accommodate the job growth and training of its new employees. Angie’s List and its property management partner, Henry Amalgamated, LLC, have invested more than $15 million since 2001 to renovate more than a dozen properties and develop its campus.

Angie’s List, which currently employs more than 500 people in Indianapolis, launched in 1995 in Columbus, Ohio, with one employee, co-founder Angie Hicks. The company moved its headquarters to Indianapolis in 1999 and has since expanded to serve members in more than 200 cities across the U.S. The Indiana Economic Development Corporation has offered Angie’s List up to $7 million in performance-based tax credits and up to $100,000 in training grants based on the company’s job creation plans. Working with the community and Angie’s List, the city of Indianapolis will invest $7.1 million for infrastructure and neighborhood improvements through a combination of tax increment financing contributions, New Market Tax Credits and RebuildIndy funds.

Worldwide Freight Line Expands Old Dominion Freight Line, Inc., one of the largest freight carriers in the country, will grow its regional hub in Indianapolis, creating up to 183 new jobs by 2014.

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80 years of Trusted Solutions and Client Satisfaction.

BUSINESS BUZZ

The company, which provides multiregional freight service among six regions in the United States, will invest more than $22 million to upgrade and enhance its existing 122,340-square-foot facility. As part of the expansion, Old Dominion will increase its Indianapolis service center from 223 to 325 doors, making it one of the largest centers in the company’s network.

Old Dominion, which has more than 10,500 employees nationwide, planned to begin hiring workers at an average wage of $20 per hour before the end of the year.

The Indiana Economic Development Corporation has offered Old Dominion up to $750,000 in performance-based tax credits and $100,000 in training grants based on the company’s plans.

Cable Maker to Grow in Carmel Belden, Inc., a manufacturer of signal transmission products, is undertaking a $3.1 million expansion of its executive headquarters for its Americas division through the leasing and equipping of a new 30,000-square-foot facility in Carmel.

As part of the investment, the Missouri-based company will create up to 40 new jobs by 2014. Belden employs approximately 6,600 associates globally, including 39 employees in Carmel.

The Indiana Economic Development Corporation offered Belden up to $750,000 in performance-based tax credits based on the company’s job creation plans.

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Automotive Supplier Invests $10 Million in Franklin Due to increasingly strong business growth with domestic automotive original equipment manufacturers (OEMs), NSK has poured $10 million into its operation to expand its Franklin manufacturing facility.

The investment will add a total of six new taper roller production lines to the plant. After full launch, the Franklin facility will add in total 35 new positions: eight salaried and 27 direct employees. The Franklin expansion will support approximately $20 million in additional sales for NSK Americas.

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Metal Stampings Firm to Expand in Delaware County Indiana Stampings, LLC, a manufacturer of metal stampings for the automotive industry, announced plans today to expand its operations in Muncie, creating up to 75 new jobs by 2013.

The company, which specializes in the noise, vibrations and harshness market for the automotive sector, will invest $7.28 million to lease and equip a 155,000-square-foot facility.

The Indiana Economic Development Corporation offered Indiana Stampings up to $625,000 in performance-based tax credits and up to $100,000 in training grants based on the company’s job creation plans. The city of Muncie has approved tax increment financing bonds and property tax abatement at the request of the Muncie/ Delaware County Economic Development Alliance.

Law Firms Merge

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Dumps • FlatbeDs • lowboys • stretch Flats tippers/walking Floors • construction aggregates

Indianapolis-based Ice Miller LLP has agreed to combine with Schottenstein Zox and Dunn Co., LPA (SZD), the fourth-largest Co- continued on pg 18 www.buildingindiananews.com

17

BUSINESS BUZZ

lumbus, Ohio-based law firm, effective January 1, 2012.

The merger will create a regional firm of 314 lawyers with offices in Indianapolis, Columbus, Chicago, Cleveland, Illinois and Washington, D.C. The combined firm, which will operate as Ice Miller LLP, will rank among the top 150 largest law firms in the United States.

Plastic Packaging Manufacturer Plans New Plant Phoenix Closures, a manufacturer of plastic packaging, will locate a new plant in Greencastle, creating up to 90 new jobs over the next several years.

The company, a full-service packaging manufacturing firm specializing in injection-molded closures for the food and beverage, pharmaceutical, nutraceutical and household chemical industries, will renovate and expand a former industrial manufacturing site in Greencastle. The company plans to use the 250,000-square-foot facility as a food-grade packaging manufacturing plant.

Coming Soon...

Magazine

Medical Facility Opens in Fishers Medical Therapeutic Support Surfaces manufacturer Tridien Medical has opened a new plant in Fishers, where it expects to add as many as 40 new jobs by 2013, with 25 to be added in the next 12 months.

A Midwest location was identified as a critical step in increasing Tridien’s competitiveness and service levels to its customer base. The cooperation from the town of Fishers combined with the incentives offered by both the state of Indiana and the town made it the optimum choice.

Tridien Medical is a leading designer and manufacturer of medical therapeutic support surfaces and patient positioning devices and is best-known for its SenTech, PrimaTech, ReactiveAir and Anatomic Concepts branded products, used for the prevention and treatment of pressure wounds experienced by patients with limited to no mobility.

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The plant is scheduled to begin production in late 2012. This is the company’s third new site since 2000.

The Indiana Economic Development Corporation has offered Phoenix up to $800,000 in performance-based tax credits and $200,000 in training grants based on the company’s job creation plans.

Stant Corporation, a manufacturer of engineered vapor management, fuel delivery and thermal management systems and components for automotive and industrial use, will expand its operations in Connersville, creating up to 59 new jobs by 2013.

The company will invest $6.35 million to upgrade and equip its 205,000-square-foot manufacturing and corporate headquarters.

Stant, which currently employs 248 associates in Indiana, will begin hiring additional associates before the end of the year to coincide with equipment delivery and installation.

The Indiana Economic Development Corporation has offered Stant up to $300,000 in performance-based tax credits and up to $150,000 in training grants based on the company’s job creation plans.

For daily news from Central Indiana and around the state, visit our blog at www. buildingindianablog.com and follow us on Twitter at @BuildingIndiana. www.buildingindiananews.com

South Kimball International has announced plans to close a Fremont, CA electronics assembly facility and shift its operations to its Jasper plant.

In order to accommodate the increased production demand at its Jasper facility, the company will add an extra shift. Though the move isn’t expected to add many new jobs in Jasper, the company says the consolidation will increase job security for its Indiana workers.

BUSINESS BUZZ

Company Consolidates Operations

The Authority is marketing the 7,100-acre location as an industrial, recreational and hunting park. The Authority is reportedly close to landing at least one large company, Clean Coal Refining Corp., which is studying the possibility of constructing a $2 billion direct coal liquefaction plant that would employ 500 workers.

In addition to industrial uses, the Indiana Department of Natural Resources will secure 2,100 acres, about half of which will be set aside as a protection zone for the endangered Indiana bat. Another part made into a park, and the section of the property fronting Indiana 63 will be marketed to hospitality and retail companies.

Japanese Manufacturer to Lube Up Indiana Operation Idemitsu Lubricants America Corporation, a manufacturer of automotive and industrial lubricants, will expand its operations in Jeffersonville, creating - continued on pg 20

Defense Technology Contractor to Bloom in Bloomington Next Wave Systems, LLC, a contract engineering and technology firm will expand operations in Bloomington, creating up to 60 new jobs by 2014.

Next Wave, which specializes in alternative energy software products and integrated defense security systems, will invest $330,000 to make facility and software improvements at its Bloomington facility. The company’s mapping, imagery and command-and-control software support the U.S. Department of Defense including operations at the Naval Surface Warfare Center at Crane.

Founded in 2005 and headquartered in New Pekin, Next Wave operates facilities in Merrillville, Bedford, Bloomington and Huntsville, AL. The Indiana Economic Development Corporation has offered Next Wave Systems, LLC up to $500,000 in performance-based tax credits and up to $6,650 in training grants based on the company’s job creation plans, and the city of Bloomington has approved additional property tax abatement.

Mega Park Rises in Vermillion County With the transfer of the former Newport Chemical Depot from the U.S. Army to the Newport Chemical Depot Reuse Authority, the site has been renamed the Vermillion Rise Mega Park as part of a rebranding effort aimed at attracting businesses to the area. www.buildingindiananews.com

19

BUSINESS BUZZ

up to 23 new jobs by 2014.

The company, which produces high-performance lubricants for automotive, motorcycle, off-road and industrial applications, will invest $21.2 million to expand its warehouse.

Idemitsu currently employs 59 full-time associates at its Jeffersonville facility and planned to begin hiring new associates for their expanded warehouse before the end of 2011.

The Indiana Economic Development Corporation has offered the company up to $150,000 in performance-based tax credits and up to $40,000 in training grants based on its job creation plans, and the city of Jeffersonville has approved additional property tax abatement at the request of One Southern Indiana.

Highway Construction Set for Spring 2012 Construction of a controversial section of I-69 in Southern Indiana has been approved by the Federal Highway Administration and work is expected to begin next spring.

The 26-mile section in question begins near the city of Washington and ends at U.S. 231 in Greene County near the Naval Surface Warfare Center in Crane Opponents of the highway argue it is unnecessary and environmentally destructive. They also argue that the state has not said how it intends to pay its 75 percent share of the estimated $3.1 billion cost of the road.

20

Wind Blade Manufacturer Blows into Southern Indiana GBT USA, Inc., a designer and manufacturer of wind turbine blades, will lease and equip 45,000 square feet of space at Park41 in Evansville for engineering design and consultancy offices as well as production lines for wind blades, molds and tooling.

In 2013, the company plans to build an additional facility in southern Indiana to manufacture composite rotor blades for wind turbine generators. Between leasing, construction and equipment costs at the two facilities, the company estimates that it will invest $17.6 million.

GBT USA plans to hire personnel for the facilities in phases, with the first 40 new employees being hired in 2012 and up to 400 positions filled by 2014. The new jobs include manufacturing, engineering, logistics and customer service positions.

The Indiana Economic Development Corporation has offered the company up to $2.8 million in performance-based tax credits and up to $200,000 in training grants based on its job creation plans. The city of Evansville is receiving a federal Community Development Block Grant from the state’s Office of Community and Rural Affairs for purchase of capital equipment for the firm’s new Evansville operations. Also, the city of Evansville is offering the company a 10-year Evansville Urban Enterprise Zone Investment Deduction and a loan through the Evansville Revolving Loan Fund (RLF).

www.buildingindiananews.com

Airports Get Federal Funds

BUSINESS BUZZ

Evansville Regional Airport and the South Bend Regional Airport were among 29 facilities nationwide receiving grants from the U.S. Department of Transportation’s Small Community Air Service Development Program in September.

Evansville received $500,000 to help it attract additional airlines to serve local passengers. It will be the second grant that the airport has gotten through the program.

In 2004, it received a grant which it used to subsidize Cape Air, a regional carrier that offered flights between Evansville and South Bend. Those flights ended in 2008. This time around, the airport is reportedly eyeing better connections to the West Coast and Northeast, and wants to add a larger carrier such as United or US Airways.

South Bend Regional Airport was awarded $750,000 to help establish service to Denver. The grant, which was supported

by Frontier Airlines, will be matched by $475,000 in airport and local community funds. The airport intends to use the money to establish service to Frontier’s hub in Denver, a process expected to take at least a year.

point, has been named No. 3 on the list.

Construction of the new US 421 bridge began this year and is expected to be complete in late 2012. The project features innovative design and construction methods, making it possible for the project to be built years ahead of schedule and millions of dollars under budget. To keep the bridge open to traffic for all but 10 days, a new superstructure is being constructed next to the existing bridge. Using a method called “truss sliding,” the new 2,400-foot-long steel truss and road deck eventually will be slid into place on the existing bridge piers, which are being rehabilitated and reused. During this process, traffic will be allowed to continue on the existing bridge until the new deck is ready. The length of the new bridge from the center of the south abutment to the center of the north abutment will be 3,117 feet.

For daily news from Southern Indiana and around the state, visit our blog at www.buildingindianablog.com and follow us on Twitter at @ BuildingIndiana.

Japanese Automotive Parts Manufacturer Expands Sunright America, Inc., a Japanese manufacturer of automotive fasteners, announced plans today to grow its operations in Columbus, creating up to 100 new jobs by 2014.

The company will expand its current 170,000-square-foot building in Columbus to 320,000 square feet. Sunright, which currently has 93 full-time employees in Indiana, will hire additional manufacturing, quality and production control associates to coincide with facility improvements.

The Indiana Economic Development Corporation has offered Sunright up to $550,000 in performance-based tax credits and up to $200,000 in training grants based on the company’s job creation plans.

Firm Honored for Bridge A southern Indiana bridge project by engineering firm American Structurepoint, Inc. (Indianapolis) was chosen among the Top 10 Roads in the Nation by Roads & Bridges magazine in its 2011 contest.

The US 421 Milton Madison Bridge over the Ohio River, a project led by construction inspection firm Michael Baker Corporation with assistance from American Structurewww.buildingindiananews.com

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It’s a model that works. Community Health Network was named as one of the Healthiest Employers of Indiana in both 2009 and 2010. You can rely on our expertise to improve the health of your employees as well. For more information, contact Infinity for a personalized assessment at 877-445-2584 or visit us at eCommunity.com/infinity.

21

People News Dell Joins Diversified Marketing Strategies Diversified Marketing Strategies, Inc. (Crown Point) is pleased to announce the addition of Shellie Dell as Community Development Specialist. Dell will be managing United Way programs including the newly launched Community Coupon Book for Lake County. Prior to joining Diversified, Dell, a Crown Point native, served as general manager of a utility supply firm.

Headley Named Account Executive Villing & Company Inc. (South Bend) has announced the addition of Lori Headley as Account Executive. Headley is responsible for planning and executing both

22

business-to-business and consumer communication strategies for several of the agency’s clients. Headley previously served as Assistant Vice President of Marketing at First Source Bank.

Keilman, McDermott to Lead Campaign The Board of Trustees of Lake Area United Way has named Tom Keilman, Director of Government & Public Affairs at BP’s Whiting Refinery (pictured), this year’s Community Campaign Chair. Aaron McDermott, CCIM, President of Latitude Commercial Real Estate, will be Vice-Chair. Keilman and McDermott are members of Lake Area United Way’s Board of Trustees and serve on several committees including the Development Council which Keilman chairs. Both are active community volunteers.

Koenig to Lead Steuben EDC The Steuben County Economic Development Corporation has selected David Koenig as its new Executive Director. Koenig has served as Executive Director for the Region III-A Development and Regional Planning Commission since 2002. Prior to joining Region III-A, Koenig spent eight years as the Executive Director for the Jennings County Economic Development Commission.

Serrano an Asset to LGH Alex Serrano, Lifting Gear Hire’s (LGH) Indiana Rental Representative, has 17-plus years of industrial sales experience. He also has an abundance of steel industry knowledge and has established business relationships

www.buildingindiananews.com

with all levels of business personnel. Serrano lives in Crown Point, Indiana.

utility projects for the federal government and private sector pharmaceutical and chemical firms.

Balder Takes Express Express Employment Professionals has announced the opening of the Specialized Recruiting Group, to be headed by new staff member Jim Balder in Greenwood. The Group, a new division of Express, is dedicated to serving the Southside of Indianapolis as well as, Johnson, Morgan, and Shelby counties, with mid- to senior-level contract, search, and consulting services.

Schafer Puts Wroblewski in Works Melanie Wroblewski has joined Schafer Gear Works, Inc. as senior staff accountant in the company’s South Bend office. Wroblewski will be responsible for corporate consolidations, general accounting and financial analysis. Prior to joining Schafer Gear, Wroblewski was a Senior Accountant for Memorial Health Systems, Inc. in South Bend.

Mackowski Lands Communications Post The South Shore Convention & Visitors Authority is pleased to introduce Nicki Mackowski as its new Director of Community and Public Relations.

She spent the past four years as the Communication Supervisor for Horseshoe Casino Hammond.

Gregory to Lend Hand at SBDC Bill Gregory is the newest member of the business advisor team at the NWI Small Business Development Center.

Concentrating on Lake County, Gregory will assist region businesses with planning, growth and development. Gregory has more than 30 years of business experience in a variety of management development and training roles.

Middough Taps Wendell Engineering, architectural and management services company Middough Inc. (Cleveland) has named Carl E. Wendell Senior VP and General Manager for the Major Projects Group. His most recent work includes client management and project leadership on facility and www.buildingindiananews.com

Vanderford to Develop Strategies Roy Vanderford has joined the Center of Workforce Innovations as Director of the Workforce Strategies Team.

Vanderford has worked in over 35 states to build state, regional, and local strategies to link workforce, economic development and educational action plans.

Campanello in at FM Construction FM Construction (Elkhart) has hired Tony Campanello as Project Manager and Estimator.

Campanello will also be responsible for working with past and future clients on developing a scope of work for their projects, and cost estimating and scheduling.

Taylor Named to Hospital Board Methodist Hospitals (Gary) has announced a new officer for its 2011-2012 Board of Directors, Fran Taylor. Taylor served in positions of increasing responsibility over a 35-year career including Vice President of Human Resources and Nursing.

Since her retirement, she has remained active in the community and currently serves on numerous committees.

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Photo Feature Schmoozing for a Good Cause The United Ways of Lake and Porter counties came together again at Diversified Marketing Strategies’ second annual Big Schmooze to launch their 20112012 corporate giving campaign. The Big Schmooze, which also recognizes the 2011 Building Indiana News Who’s Who for Northwest Indiana, drew hundreds of movers and shakers from the region to Merrillville for a night of great food, drinks and lots of schmoozing.

During the event, the two United Way organizations announced a combined $6.55 million goal for their 2011-12 campaigns. For more photos from the evening and to learn how you can make difference, visit www.thebigschmooze.com.

Announcing this year’s United Way campaign goal are (l. to r.) Sharon Kish, Porter County United Way; Lou Martinez, Lake Area United Way; Kathleen Nalli; John Nalli, Porter Health; and Tom Keilman, BP.

24

www.buildingindiananews.com

(l. to r.) Ralph Neff, Mechanical Concepts; John Diederich, Peoples Bank; and Daniel Rohaley, Fidelity National Title, enjoy the Big Schmooze.

(l. to r.) David Mika, BMO Harris Bank; Nancy Hermann, BMO Harris Bank; and Kristen O’Brien BMO Harris Bank.

Hundreds of Northwest Indiana’s top business and civic leaders met at the annual Who’s Who Big Schmooze to benefit the United Ways of Lake and Porter counties.

•

0 •2011 2009 •201 ar of the ye

Jimmy DePaoli, ACMS; Nancy DePaoli; Karen Robinson; and Nate Robinson, Easy Life Storage.

(l. to r.) Courtney Govert, Radio One Communications; Tom Carroll, Lakeshore Public Television; Brandy Astine, Lakeshore Public Television; and Jeff Good, Good Hospitality Services, Inc. www.buildingindiananews.com

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STATE OF THE INDUSTRY

The Phantom

Issue

Proponents of “right to work” legislation are targeting a problem that doesn’t exist.

By Dewey Pearman, Executive Director, Construction Advancement Foundation

A

cross the country as well as here in Indiana, 2011 was a difficult year for union construction trades. In addition to facing employment challenges due to a weak economy and a glut of existing residential, commercial and industrial space, unions also suddenly found themselves under attack by forces alleging that they were responsible for state and national economic woes.

Events in Wisconsin garnered the most national attention, but no one in Indiana will soon forget how the introduction of so-called “right to work” legislation nearly scuttled the entire 2011 session of the General Assembly. In the end, five weeks were lost over the issue, and many pieces of legislation that were rushed into law in the Assembly’s final frantic days turned out to contain embarrassing errors, including one that accidentally eliminated the state’s largest agency, the Family and Social Services Administration. The agency was quickly restored by an executive order from Governor Daniels, but this and other gaffes only served to illustrate that 2011 was not the Assembly’s finest hour.

I raise this point not as a slap to our hardworking state legislators, but as a caution to them, because “right to work” legislation is almost certain to make a return appearance in the next session. And 26

if it is not handled more carefully, we are likely to see equally poor results.

One thing that perplexes me about the “right to work” debate is exactly how such legislation would operate to drive more jobs and economic development to Indiana. This is a common argument made by its proponents. For example, in an appearance before the Indiana General Assembly Interim Study Committee on Employment Issues in October, business leaders from Northeast Indiana “testified that current law makes Northeast Indiana unattractive to prospective employers and restricts household incomes,” according to a press release from The Regional Chamber of Northeast Indiana.

The trouble is that recent events don’t provide much support for that argument. If the lack of a “right to work” law restricts incomes, how did Indiana rank 8th in the nation in 2010 in personal income growth? If the state is unattractive

to businesses without a “right to work” law, how did Indiana post the ninth-largest percentage increase in jobs that year?

And what are we to make of the 123 companies who worked with the Indiana Economic Development Corporation in the first six months of 2011 and committed to creating more than 11,000 jobs? The union boogeyman doesn’t appear to have scared them off.

Perhaps that’s because they are aware that, unfortunately, unionized workers make up only a small portion of the total Indiana workforce. According to the Bureau of Labor Statistics (BLS), just 279,000 Indiana workers were members of a union, which is fewer than 11 percent of all Hoosier workers. Even including the 34,000 other workers who are not union members, but are represented by a union on their main job, that figure rises to just 12.2 percent. In short, barely more than one in 10 Indiana workers are union.

UNION EMPLOYMENT BY STATE STATE Illinois Indiana Kentucky Michigan Ohio

UNION/REPRESENTED BY UNION EMPLOYMENT 2010 % OF EMPLOYED 2009 % OF EMPLOYED 891,000 16.4% 997,000 18.3% 313,000 12.2% 319,000 12.2% 166,000 10.1% 173,000 10.5% 659,000 17.3% 752,000 19.9% 702,000 14.7% 742,000 15.4%

Source: Bureau of Labor Statistics, figures include both union workers Source: Advertising Specialties Institute

NO. OF UNION LOCALS BY STATE STATE LOCALS 1,191 Illinois 632 Indiana Kentucky 351 Michigan 873 1,174 Ohio Source: unions.org

and those represented by unions but not members themselves

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UNION MEMBERSHIP BY CENSUS TRACT Lake Michigan

Chicago

MICHIGAN !

Hammond

!

South Bend

!

Gary

!

Lafayette !

Muncie

OHIO

Fort Wayne

!

!

ILLINOIS

Anderson !

Indianapolis

Cincinnati

!

Bloomington

New Albany

!

Louisville

Evansville !

KE N T U C K 0

50

Y

100 Miles © 2011 Esri

Source: Esri, Gfk, MRI

Union Membership

by Census Tract

100 = National Average

More than 128 107 to 128 101 to 106 83 to 100 59 to 82 Less than 59

That’s consistent with the nation at large, where just 11.9 percent of workers are unionized and another 1.2 percent are not union members, but represented by one.

Now, if union members were concentrated in one or two key industries that were vital to the future of Indiana, perhaps a case could be made that this would deter businesses from coming to, or expanding in, the state. But again, this isn’t the case. The latest figures from the BLS do not include state-level breakdowns, but nationally union representation in private industries rarely cracks double-digits. For Indiana today, key industry sectors include manufacturing and logistics. As of 2010, just 10.7 percent of manufacturing workers were union workers, and fewer than one in 20 transportation workers were unionized.

Once upon a time, companies

might have been leery of union workers because of the potential for costly strikes. But work stoppages are vanishingly rare events these days. In 2010, there were a grand total of 11 work stoppages nationwide. The percent of estimated working time that these stoppages cost was so negligible that the BLS didn’t even bother to calculate beyond “less than 0.005 percent.” In fact, the percent of lost work time hasn’t risen above 0.01 percent for the past 10 years.

Given all of this, it becomes easy to see why companies continue to invest in Indiana despite it not being a “right to work” state.

And the truth is, not only are they not being chased away by the unions, but rather a strong union workforce can actually be an asset to business. We’ll examine that dimension of the issue in a future issue of Building Indiana.

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FACTS AND STATS 2011 Indiana continues to invest in its future, attract new business and refocus its traditional strengths on 21st century industries.

T

hough the overall national and global economies struggled in 2011, a defiant Indiana continued to thumb its nose at the recession with aggressive job attraction efforts and investments in its future.

Perhaps none was as visible as the opening of the JW Marriott Indianapolis and the expansion of the nearby Indiana Convention Center in Indianapolis.

Combined with other recent projects like the new terminal at the Indianapolis International Airport and Lucas Oil Stadium, the Marriott and Convention Center represented the culmination of $3 billion in investment in Central Indiana.

Lower on the radar but no less important was the quickening pace of new business development in 2011. Midway through the year, the Indiana Economic Development Corporation reported that the state was on pace to equal or exceed its 2010 results, when the agency worked with 200 companies to secure more than 23,000 new job commitments. Through June of 2011, 123 companies had committed to creating another 11,000 jobs in the Hoosier State.

Among those companies was Fronius USA, the world’s fourth-largest solar inverter producer, whose agreement to bring its corporate headquarters and manufacturing facility to Portage marked the 1,000th www.buildingindiananews.com www.buildingindiananews.com

new business establishment or expansion completed by the IEDC since its inception in 2005. The deal was one of the largest announced in terms of jobs, with a projected 512 new positions by 2016.

As well as attracting new

technology companies like Fronius, Indiana also continues to be a global leader in life sciences. That industry now has a $44 billion impact on the state’s economy, according to the latest research from BioCrossroads. Indiana trails only Cali-

fornia and Texas in terms of life sciences exports, has the nation’s third-highest life sciences employment concentration and has recorded a 21 percent growth in life sciences jobs since 2002. That growth is expected to continue thanks to a broad network of existing companies and university resources.

Indiana is building on traditional strengths, like manufacturing, as well. According to the Bureau of Labor Statistics, the manufacturing sector was key to Indiana’s third-best-inthe-nation Gross Domestic Product growth in 2010, and a variety of steps were taken in 2011 to position Hoosier manufacturing for the future. Among these was the establishment of the Indiana Aerospace and Defense Council, an industry forum designed to grow the state’s multi-billion-dollar defense industry; and the Indiana Automotive Council, which is focused on Indiana’s $9 billion auto industry.

All this and more is noted in our annual Facts & Stats report, beginning on the following page.

For even more news and numbers, links to original reports and sources, cited and other Facts & Stats extras, be sure to visit us at www.buildingindiananews. com.

29 29

RULE OF LAW CASE FILINGS – 2009 COURTS OF RECORD

CITY, TOWN AND SMALL CLAIMS COURTS

Civil 17%

Infractions 43%

Civil 2%

MI

Ordinance Violations 11%

Ordinance Violations 4% Juvenile 5%

OH

IN

IL

Infractions 61%

Small Claims 13%

Source: 2009 Indiana Judicial Services Report Source: 2009 Indiana Judicial Services Report

INDIANA COMMISSION FOR CONTINUING LEGAL EDUCATION – 2010 Total Continuing Legal Education (CLE) Courses Reviewed Reviewed Course Denied Accreditation No. of Indiana Attorneys Reporting CLE Credits Total Credit Hours Reported

13

26 19 37 2

Small Claims 16%

Probate/ Adoptions 2%

Criminal 10%

STATE DUI RANKINGS – 2009

8,929 263 16,306 224,261

Source: Indiana Supreme Court Annual Report 2009-10

Source: Indiana Supreme Court Annual Report 2009-10

Criminal 10%

KY

Source: MADD, based on the percentage of total traffic

deathsMADD, in each statebased that are DUI-related Source: on the percentage of total traffic deaths in each state that are DUIrelated

1

STATE ANIMAL PROTECTION LAW RANKINGS – 2010 1. Illinois 2. Maine 3. Michigan 4. Oregon 5. California 6. Kansas 7. Indiana 8. Tennessee 9. West Virginia 10. Vermont

Number of lawyers disbarred in fiscal 2010 by the Indiana Supreme Court Disciplinary Commission.

Source: Indiana Supreme Court Annual Report 2009-10

Source: The Animal Legal Defense Fund

Source: The Animal Legal Defense Fund

TOP FIVE STATES FOR MOTORCYCLE THEFTS – 2010 California Texas Florida North Carolina Indiana

5,662 4,394 4,148 2,649 1,925

Source: The National Insurance Crime Bureau Source: The National Insurance Crime Bureau

$141,180,999 2011 Indiana Supreme Court Budget Source: Indiana Supreme Court Annual Report 2009-10

APPROVED CONTINUING LEGAL EDUCATION COURSE BREAKDOWN

In-House Programs 5% Interactive Distance Education 14%

Non-Legal Subjects 3%

Applied Professionalism Course for New Attorneys 1%

Traditional Courses 77%

Source: Indiana Supreme Court Annual Report 2009-10

30

Source: Indiana Supreme Court Annual Report 2009-10

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ACTIVE LAWYERS PER CAPITA BY STATE – 2010 STATE Illinois Michigan Ohio Kentucky Indiana

POPULATION 12,944,410 9,931,235 11,532,111 4,339,435 6,445,295

ACTIVE/ LAWYERS/ RESIDENTLAWYERS 10,000 RESIDENTS 46.41 60,069 32.96 32,731 32.37 37,335 28.42 12,334 21.49 13,850

Quality medical care...

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Source: American Bar Association, lawschooltuitionbubble.wordpress.com

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Family Practice

INDIANA JUDICIAL SYSTEM REVENUES – 2009

Revenues to State Funds $116,564,668

Revenues to Local Funds $17,507,841

• Increased patient satisfaction; timely communication with specialist • Imaging/Lab available on-site • Heart Disease Prevention • Onsite Surgical Center • Onsite Colonoscopy

• Quick response/New patients are seen within one week • Consults/Surgical Assistance available as needed • Commitment to providing patients with the best possible care

Spine Care We offer comprehensive care for all adults and pediatric spinal disorders. Our team of experts has successfully treated thousands of patients in Indiana. More than half of our patients are referred to us for specialized care by their own physicians. Our commitment to a compassionate patient/ physician relationship is one of the keys to our success.

The Spine Clinic offers comprehensive cervical, thoracic and lumbar spine care based on techniques and procedures proven to be safe and effective. Our spine care team consists of Fellowship Trained:

Revenues to County Funds $96,295,554 Source: 2009 Indiana Judicial Services ReportReport Source: 2009 Indiana Judicial Services

• Spine Surgeons • Consulting Radiologists • Rehabilitation Specialists • Physical Therapists • Pain Management • Orthotists

2011 TOTAL CRIME INDEX Lake Michigan

Chicago

MICHIGAN

Pain Management

!

Hammond

!

South Bend

!

Gary

Our pain management physicians will work closely with you to assess the cause of your pain and find an appropriate treatment option.

!

Lafayette !

Muncie

OHIO

Fort Wayne

!

!

ILLINOIS

Anderson !

Indianapolis

Pain Management physicians specialize in pain control for:

• Neck and Back Pain • Headaches • Motor Vehicle Accidents • Neuropathy • Herniated Disc

• Work Injuries • Whiplash • Numbness/Tingling in Legs • Sciatica

Cincinnati

!

Bloomington

New Albany

Providing patients with immediate, safe and quality medical care from highly-trained physicians with on-site laboratory and radiology services. !

Louisville

Evansville

Total Crime Index

by Census Tract

!

KE N 0

50

Sources: Esri, AGS; June 2010

Y TUCK 100 Miles

Greater than 250 101 to 250 61 to100 31 to 60 11 to 30 Less than 11

We measure your wait in minutes not hours.

Walk-ins welcome and no referrals are necessary!

9301 ConneCtiCut Drive • Crown Point • 219-756-2100 www.PinnaClehealthCare.net Pinnacle is conveniently located on 93rd Avenue, just east of Broadway in Crown Point.

© 2011 Esri

www.buildingindiananews.com

31

SAFETY ZONE INDIANA WORKPLACE FATALITIES 195

200

190

TOP 10 INDIANA OSHA VIOLATIONS – 2010 RANK

171 159 152

156 150

148 144 135

100

157 153 148

155 143

136

132

143

127

123 115

0 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 01 19 19 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20 20 20 2

Source: Indiana Department of Labor Indiana Department of Labor

1 2 3 4 5 6 7 8 9 10

2009 COMPANY CITATIONS $ PENALTIES RANK Hazard Communication 310 $45,825 1 Scaffolds 170 $149,275 3 General Safety and Health 125 $123,075 8 Machine Guarding 114 $153,361 7 Electrical 108 $82,266 2 Fall Protection 108 $123,400 5 Respiratory Protection 147 $17,975 4 Permit Required Confined Spaces 92 $51,293 9 Fire Protection 90 $3,155 10 Fall Protection Training 77 $31,650 5

Source: IOSHA Source: IOSHA

INDIANA RAILROAD CROSSING ACCIDENTS – 2006 - 2010 2010 CROSSING INCIDENTS Crashes Deaths Injuries TRESPASS INCIDENTS Deaths Injuries

2009 2008

The Indiana State Police inspected

95,987

2007 2006

112 9 40

98 14 36

139 19 45

164 19 48

140 13 37

6 9

13 13

8 11

14 13

10 13

commercial vehicles in 2010, an increase of 1,784 over 2009.

Source: Indiana State Police

Source: Indiana Operation Lifesaver, Federal Railroad Administration

Source: Indiana Operation Lifesaver, Federal Railroad Administration

e t e r c n o c x i m zinga ready

o

tioEnLAKEs 27 lRVoE YOcU a AROUND TH

TO SE GAN ANA • SW MICHI ILLINOIS • INDI

WORK ZONE DRIVING VIOLATIONS – 2011 CITATION

PENALTY

Speeding in a Work Zone First Offense Second Offense Third Offense Reckless/Aggressive Driving in a Work Zone Injure/Kill a Highway Worker

$300 minimum fine $500 minimum fine $1,000 minimum fine up to $5,000 in fines up to $10,00 in fines and 8 years in jail

Source: Indiana WorkZone Safety Law, July 2011 Source: Indiana WorkZone Safety Law, revised Julyrevised 2011

INDIANA VEHICLE CRASHES BY AGE GROUP – 2010 PER 10K NO. LICENSED DRIVERS DRIVERS IN CRASHES LICENSED 518,268 45,377 875.6 15 - 20 448,243 31,173 695.4 21 - 24 1,932,622 107,159 554.5 25 - 44 1,795,666 82,615 460.1 45 - 64 730,444 27,708 379.3 65 + na 1,151 na Other/unknown 5,425,243 295,183 544.1 TOTAL

AGE GROUP

www.ozinga.com • 219-949-9800 specializing in: Conventional, Lightweight, and Colored Concrete RCC - Roller Compacted Concrete Filtercrete – Pervious Concrete Flowable Fill - Never backfill with equipment again 32

Source: Indiana University Center for Criminal Justice Report Source: 2009 Indiana Judicial Services

www.buildingindiananews.com

INDIANA SEAT BELT USAGE 2007 – 2011 2007

2008

2009

2010

2011

91.7% 64.9% 87.9%

94.5% 78.7% 91.2%

94.8% 85.2% 92.6%

92.0% 84.3% 92.4%

94.9% 84.8% 93.2%

Source: Indiana Criminal Justice Institute, figures from June of each year

Source: Indiana Criminal Justice Institute, figures from June of each year

of the 115 fatal workplace injuries in Indiana in 2010 were transportation-related.

Source: IOSHA

Indiana OSHA inspectors conducted 2,300 inspections, issued 3,410 citations and assessed $2.37 million in penalties in 2010.

23

Information Inform that matters Source: IOSHA

People died in farm accidents in Indiana in 2010.

Source: Purdue University

INDIANA FIREWORKS INJURIES – 2009 FIREWORK Rockets Firecrackers Other, Specified Sparkler Unknown Aerial Roman Candle Homemade Smoke Bomb Twisters Gunpowder TOTAL

54

INJURIES 24 23 15 14 12 12 9 4 2 2 1 118

% TOTAL 20.3% 19.5% 12.7% 11.9% 10.2% 10.2% 7.6% 3.4% 1.7% 1.7% 0.8% 100.0%

BCRC is very passionate about what we do. Our services promote the well-being and safety of employees in the workplace. Empowering our members with information is just one way BCRC does this.

It is our purpose to provide a vehicle to help establish and maintain a workplace free of the destructive effects caused by the use of drugs and alcohol.

If you require more information or would like to speak with us directly, please feel free to contact BCRC at anytime.

Source: Indiana State Department of Health Source: Indiana State Department of Health

www.bcrcnet.com

Passenger Cars Pickup Trucks All Vehicles

In 2010, there were

295,183 drivers involved in Indiana traffic collisions.

Contact Us

6050 Southport • Suite B Portage, IN 46368

877-988-5400 info@bcrcnet.com

Source: Indiana University Center for Criminal Justice www.buildingindiananews.com

33

THE BOTTOM LINE INDIANA STATE & LOCAL TAX COLLECTIONS

BY SOURCE - 2010

U.S. BANKRUPTCY COURT FILINGS INDIANA NORTH FILING TYPE Chapter 7 Chapter 11 Chapter 12 Chapter 13 Total Total Business Total Nonbusiness

2007

2008

2009

2010

2011

7,471 45 3 2,962 10,481 179 10,302

9,602 36 7 3,386 13,031 252 12,779

13,250 68 1 3,700 17,289 311 16,978

15,932 63 2 3,985 19,983 338 19,645

13,634 47 3 3,598 17,262 309 16,973

Corporate Income 4.3%

Chapter 7 Chapter 11 Chapter 12 Chapter 13 Total Total Business Total Nonbusiness

2007

2008

2009

2010

2011

11,272 48 3 5,921 17,245 305 16,940

14,672 75 4 7,224 21,975 440 21,535

18,882 92 5 8,369 27,348 582 26,766

20,791 116 6 8,414 29,237 640 28,647

18,553 105 4 7,468 26,130 525 25,605

Sales 43.1%

Individual Income 28.0%

INDIANA SOUTH FILING TYPE

Other 6.1%

Selective Sales* 18.5% * Selective* Selective sales taxes are are state taxes sales taxes stateexcises excises taxes such as gas and alcohol taxes.

Source: Federal Tax Administration such as gas and alcohol taxes.

Source: Federal Tax Administration

Source: U.S. Bankruptcy Court, all figures Court, for 12 months June of their respective years Source: U.S. Bankruptcy all ended figures

for 12 months ended June of their respective years

The amount farmers pay to rent farmland in Indiana is projected to increase

INDIANA BANKS COMMUNITY OUTREACH – 2010

13%

19,910 615,154

Community groups assisted Man-hours of service donated by associates to community causes Funds raised for community causes Funds donated by banks to community causes Funds donated by banks to scholarship opportunities Funds donated by banks via in-kind contributions

in 2012, the third-largest increase in the past 37 years.

Source: 2011 Purdue Farmland Survey

$952,650 $23,155,489 $1,074,120 $809,144

Source: Indiana Bankers Association

Source: Indiana Bankers Association

FAILED BANKS BY STATE STATE Indiana Illinois Ohio Michigan Kentucky

OCT 1, 2010 – SEPT 30, 2011

OCT 1, 2009 – SEPT 30, 2010

OCT 1, 2008 – SEPT 30, 2009

1 8 0 3 0

0 20 3 7 0

1 17 1 2 0

Source: Source: FDICFDIC

HOOSIER LOTTERY BENEFICIARIES – 2010 $ (MILLIONS) AGENCY/FUND $456.0 Game Winners $130.0 Build Indiana Fund $51.0 Commissions/Bonuses to Retail Partners $30.0 Police/Firefighter Pension and Disability Fund $30.0 Teachers Pension Fund Source: Hoosier Lottery

Source: Hoosier Lottery

HOOSIER LOTTERY NET SALES AND PRIZES PAID – 2010 GAME TYPE Scratch-Off Pull-Tabs Powerball Hoosier Lotto Mega Millions Quick Draw Mix & Match Daily 3/Daily 4/Lucky 5 TOTAL

SALES

PRIZES PAID

$465.0 $9.0 $115.0 $54.0 $12.0 $17.0 $6.0 $62.0 $740.0

$314.0 $6.0 $55.0 $31.0 $6.0 $11.0 $4.0 $29.0 $456.00

Source: Hoosier Lottery, dollar figures in millions Source: Hoosier Lottery, dollar figures in millions

34

www.buildingindiananews.com

INDIANA FINANCIAL INSTITUTIONS NET INCOME SAVINGS INSTITUTIONS (add 000)

TOTAL NO. OF NET INTEREST NON-INTEREST INSTITUTIONS INCOME INCOME

YEAR 2010 2009 2008 2007 2006

44 44 47 48 50

$350,325 $322,235 $337,325 $318,755 $321,171

INDIANA BANK ROBBERIES PROVISION FOR LOAN & LEASE LOSSES

PRE-TAX NET OPERATING INCOME

NET INCOME

$75,682 $77,922 $81,813 $78,316 $81,469

$45,480 $77,922 $81,813 $78,316 $81,469

$30,677 $77,922 $81,813 $78,316 $81,469

$92,681 $77,922 $81,813 $78,316 $81,469

200 279 168

150

149

108

113

110

100

COMMERCIAL INSTITUTIONS (add 000)

TOTAL NO. OF NET INTEREST NON-INTEREST INSTITUTIONS INCOME INCOME

YEAR 2010 2009 2008 2007 2006

102 104 111 114 122

$1,888,419 $1,826,567 $1,958,080 $1,975,428 $1,968,637

PROVISION FOR LOAN & LEASE LOSSES

PRE-TAX NET OPERATING INCOME

NET INCOME

$504,589 $638,272 $664,942 $261,442 $119,680

$359,320 $13,946 $35,981 $626,215 $783,547

$251,906 $-22,137 $-57,261 $442,871 $525,522

$672,616 $634,268 $602,236 $603,595 $608,114

0

34

2005

2006 2007

2008

2009

2010

Source: FBIFBI Source:

Source: FDIC Source: FDIC MEDIAN HOUSEHOLD INCOME – 2010

RANK 22 32 33 36 46

50

STATE

MEDIAN INCOME

MARGIN OF ERROR

Illinois Michigan Indiana Ohio Kentucky

$50,761 $46,441 $46,322 $46,093 $41,236

+/-$865 +/-$1,044 +/-$1,516 +/-$822 +/-$1,237

Source: Census Bureau, figures Source: U.S.U.S. Census Bureau, figures in current dollarsin current dollars

2011 (Jan-June)

VENTURE CAPITAL INVESTMENTS BY STATE – 2010 NO. STATE OF DEALS Illinois 64 Indiana 17 Michigan 34 Ohio 57 Kentucky 14

INVESTMENTS $732,399,300 $79,969,000 $154,558,700 $184,603,000 $16,729,900

AVERAGE/ DEAL $11,443,739 $4,704,058 $4,545,844 $3,238,649 $1,194,992

Source: National Venture Capital Association Source: National Venture Capital Association

2011

CADILLAC SRX

(219) 738-1900

MERRILLVILLE, IN

www.buildingindiananews.com

2929 W. Lincoln Highway • Merrillville, IN 46410

www.schepel.com 35

BEING PRODUCTIVE COMMUTING TO WORK IN INDIANA – 2010

Car/Truck/Van Alone 83.8% Car/Truck/Van Carpool 8.5%

TOP 10 HOTTEST INDIANA JOBS RANK 1 2 3 4 5 6 7 8 9 10

JOB SALARY $72,268 Computer Software Engineer $66,691 Management Analyst $166,400 Physician and Surgeon Network Systems and Data Communications Analyst $61,292 $56,393 Registered Nurse $36,739 Construction Laborer $57,377 Construction Supervisor $69,087 Industrial Engineer $41,249 Counselor $55,909 Accountant

EDUCATION Bachelor’s Degree Bachelor’s or higher degree, plus work experience First Professional Degree Bachelor’s Degree Associate Degree Moderate on-the-job training Work experience in a related occupation Bachelor’s Degree Bachelor’s Degree Bachelor’s Degree

Worked at Home 3.3% Walked 2.2% Other Means 1.2% Public Transportation 1.0% Source: 2010 American Community Survey

Source: Indiana Department ofDevelopment Workforce Development Source: Indiana Department of Workforce

Source: 2010 American Community Survey

TOP 10 INDIANA HIGH WAGE/HIGH DEMAND OCCUPATION PROJECTED JOB GROWTH – 2012-2018 MI

PERSONAL INCOME GROWTH – U.S. RANK 2010

40 IL

27 31

8 IN KY

OH

3

RANK 1 2 3 4 5 6 7 8 9 10

TOTAL 2018 2008 OCCUPATION EMPLOYMENT PROJECTION GROWTH 57,312 70,110 Registered Nurses 12,798 60,987Source: American 70,401 Truck Drivers, Heavy and Tractor-Trailer 9,414 Staffing Association 20,118 24,697 Licensed Practical and Licensed Vocational Nurses 4,579 28,122 32,699 Elementary School Teachers, Except Special Education 4,577 29,182 33,753 Postsecondary Teachers 4,571 18,937 23,378 Construction Laborers 4,441 44,025 47,836 Bookkeeping, Accounting and Auditing Clerks 3,811 20,449 24,004 Accountants and Auditors 3,555 30,681 34,000 Carpenters 3,319 26,474 29,434 Executive Secretaries and Administrative Assistants 2,960

% CHANGE 22.3% 15.4% 22.8% 16.3% 15.7% 23.5% 8.7% 17.4% 10.8% 11.2%

Source: Indiana Department of Workforce Development

Source: Indiana Department of Workforce Development

Source: xxx

INDIANA EMPLOYMENT BY INDUSTRY – 2010

Public administration 3.6% Other services, except public administration 4.8%

Wholesale trade 2.6% Agriculture, forestry, fishing Information and hunting; and mining 1.6% 1.6%

Educational services; and health care and social assistance 23.2%

Finance and insurance; real estate; and rental and leasing Construction 5.4% 5.7%

Source: 2010 American Community Survey Source: 2010 American Community Survey

36

Indiana’s total civilian labor force.

Source: 2010 American Community Survey

Transportation and warehousing; and utilities 5.1%

Professional, scientific and management services; administrative services; and waste management Arts, entertainment, and recreation; services accommodation; 7.4% and foodservice 9.1%

3,250,476

Manufacturing 18.3%

Retail trade 11.7%

More than

45,000

work permits were issued to minors entering Indiana’s workforce in 2010.

Source: IOSHA www.buildingindiananews.com

PERSONAL INCOME CHANGE BY COMPONENT – 2010 NET EARNINGS Kentucky Indiana Total U.S. Michigan Ohio Illinois

3.45% 3.94% 2.38% 2.55% 2.08% 1.67%

PROPERTY TRANSFER TOTAL PERSONAL RECEIPTS INCOME INCOME 0.23% -0.29% 0.64% -0.41% 0.05% 0.44%

7.67% 5.72% 7.57% 5.96% 6.63% 8.18%

3.98% 3.68% 2.97% 2.84% 2.73% 2.47%

Source: BEA

Source: BEA

23.2 minutes

$58,451 Mean household income in Indiana.

Mean commuting time to work in Indiana.

Source: 2010 American Community Survey

Source: 2010 American Community Survey

INDIANA AVERAGE HOURS AND WAGES BY REGION – 2011 REGION Anderson Bloomington Columbus Elkhart-Goshen Evansville Fort Wayne Indianapolis-Carmel Kokomo Lafayette Michigan City-La Porte Muncie South Bend-Mishawaka Terre Haute Total Indiana

HOURS WORKED 35.8 31.6 37.5 35.7 34.9 33.8 34.6 35.9 34.6 33.7 34.3 34.3 37.3 35.1

HOURLY WAGE $16.30 $20.18 $22.70 $20.78 $20.72 $21.14 $22.28 $20.08 $18.08 $20.88 $17.22 $19.25 $20.08 $20.30

WEEKLY WAGE $583.54 $637.69 $851.25 $741.85 $723.13 $714.53 $770.89 $720.87 $625.57 $703.66 $590.65 $660.28 $748.98 $712.53

Source: BureauBureau of Labor Statistics Source: of Labor Statistics

INDIANA HOUSEHOLD INCOME – 2010

7.6% 5.9%

Less than $10,000 $10,000 to $14,999

13.0% 12.5%

$15,000 to $24,999 $25,000 to $34,999

15.9%

$35,000 to $49,999

19.2%

$50,000 to $74,999

11.6%

$75,000 to $99,999

9.7%

$100,000 to $149,999 $150,000 to $199,999 2.5% $200,000 or more 2.1% 0

5

10

15

20

Source: 2010 American Community Survey Source: 2010 American Community Survey

www.buildingindiananews.com

37

MASS PRODUCTION MANUFACTURING: INDIANA VS. U.S.

446,300 People who are employed in manufacturing in Indiana.

Source: Bureau of Labor Statistics

TOP FIVE CONTRACTING AGENCIES FOR INDIANA RESEARCH & DEVELOPMENT INVESTMENTS – 2010 RANK 1 2 3 4 5

COMPANY U.S. Army NASA U.S. Air Force U.S. Mint U.S. Navy

Grading Scale: Grading Scale:

$ (millions)

A A

$136,481,091 $102,948,296 $69,376,078 $38,634,291 $17,412,365

B B

C C

D D

F F

Source: Conexus Indiana; grades include three variables: the share of total income earned by manufacturing employees in each state, the wage premium paid to manufacturing

Source: grades include three variables: the shareper capita. workersConexus relative to theIndiana; other states’ employees and the share of manufacturing employment of total income earned by manufacturing employees in each state, the wage premium paid to manufacturing workers relative to the other states’ employees and the share of manufacturing employment per capita.

Source: TheThe Alliance for Science Technology Research in America Source: Alliance for &Science & Technology Research in America

INDIANA’S TOP 5 EXPORTS TO CHINA – 2010 EXPORT

RANK

Machinery (except electrical) Chemicals Computers & Electronic Transportation Equipment Primary Metal Manufacturing

1 2 3 4 5

$ (millions) $279 $221 $141 $133 $70

Source: USCBC Source: USCBC

TOP FIVE RECIPIENTS OF FEDERAL RESEARCH & DEVELOPMENT CONTRACTS PERFORMED IN INDIANA – 2010 RANK 1 2 3 4 5

$ (millions) COMPANY Rolls-Royce $114,909,070 ITT Corporation $108,358,873 Raytheon $48,559,792 Pitney Bowes $38,634,291 Life Science Logistics LLC $12,548,800

Source: TheThe Alliance for Science Technology Research in America Source: Alliance for&Science & Technology Research in America

INDIANA PRINCIPAL FARM OPERATORS BY GENDER – 2010 Female 10.5%

The automotive industry directly employs more than

88,000 98%

workers in Indiana.

Manufacturing accounts for

of all Indiana exports.

Source: U.S. Bureau of Labor Statistics, Center for Automotive Research

Source: Bureau of Economic Analysis

TOP 10 STATES FOR MANUFACTURING JOB GROWTH – 2010-2011 RANK 1 2 3 4 5 6 7 8 9 10

STATE Michigan Wisconsin California Texas Pennsylvania Illinois Ohio Oklahoma Indiana Missouri

2010 JOBS 493,975 441,989 1,318,339 861,160 582,755 576,158 642,086 129,489 458,750 253,176

2011 JOBS 516,420 455,886 1,330,547 871,533 593,021 585,002 650,070 137,257 466,374 259,020

1 YEAR GAIN % GROWTH 2011 EPW* $77,031 22,445 5% $64,213 13,897 3% $91,414 12,208 1% $79,460 10,373 1% $69,216 10,266 2% $75,661 8,844 2% $68,622 7,984 1% $60,246 7,768 6% $70,831 7,624 2% $62,398 5,844% 2%

Source: Inc., *Earnings Source: EMSIEMSI Inc., * Earnings per Worker per Worker

MARKET VALUE OF INDIANA AGRICULTURAL PRODUCTS SOLD – 2010 Male 89.5%

Source: Department of Agriculture

38

Source: Department of Agriculture

Value of crops including nursery and greenhouse Value of livestock, poultry, and their products Total value of agricultural products sold

U.S. RANK VALUE $5,319,019,000 8 $2,952,272,000 21 $8,271,291,000 10

Source: Department of Agriculture Source: Department of Agriculture

www.buildingindiananews.com

INDIANA AND SURROUNDING STATES MANUFACTURING & LOGISTICS 2011 REPORT CARD Manufacturing Logistics Human Capital Benefit Costs Global Reach Productivity & Innovation Tax Climate Diversification Venture Capital

IN A A C CA C+ A C C-

IL C A C DB C+ D C B-

KY B B DC B+ CC C+ D

MI A C+ D D A C CF C

TOP 10 STATES IN MANUFACTURING SHARE OF GSP – 2010

OH

WI

RANK

A A C D A CDBC

B+ BB+ DC DCBC

1 2 3 4 5 6 7 8 9 10

Source: Conexus IndianaIndiana Source: Conexus

STATE

GROSS STATE PRODUCT (GSP)

GSP ATTRIBUTED TO MANUFACTURING % SHARE

Indiana $275,676,000,000 Oregon $174,151,000,000 North Carolina $424,935,000,000 Wisconsin $248,265,000,000 Louisiana $218,853,000,000 Iowa $142,698,000,000 Kentucky $163,269,000,000 Mississippi $97,461,000,000 Michigan $384,171,000,000 Ohio $477,699,000,000

$74,917,000,000 $38,748,000,000 $81,962,000,000 $47,294,000,000 $39,566,000,000 $25,354,000,000 $27,999,000,000 $16,562,000,000 $65,087,000,000 $79,978,000,000

27.18% 22.25% 19.29% 19.05% 18.08% 17.77% 17.15% 16.99% 16.94% 16.74%

Source: bizjournals.com, U.S. Bureau of Economic Analysis Source: bizjournals.com, U.S. Bureau of Economic Analysis

INDIANA EXPORTS TO CHINA 2000 – 2010 YEAR

$ (millions)

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

$167.0 $200.0 $187.0 $234.0 $294.0 $420.0 $559.0 $759.0 $930.0 $869.0 $1,090.0

Source: USCBC Source: USCBC

www.buildingindiananews.com

INDIANA’S TOP 10 EXPORT DESTINATIONS 2008 VALUE 2009 VALUE 2010 VALUE % SHARE RANK COUNTRY Canada $10,567.0 $8,437.0 $10,685.0 37.2% 1 Mexico $2,113.0 2 $1,781.0 $2,614.0 9.1% 3 Germany $1,271.0 $1,249.0 $1,831.0 6.4% United Kingdom $1,979.0 $1,627.0 4 $1,467.0 5.1% France $1,419.0 $1,291.0 $1,408.0 5 4.9% Japan 6 $864.0 $824.0 $1,197.0 HOURS 4.2% China $930.0 $869.0 7 $1,090.0 WORKED 3.8% Spain $418.0 $458.0 8 $942.0 35.8 3.3% Brazil $637.0 $534.0 $820.0 31.6 2.9% 9 Australia $544.0 $459.0 $568.0 37.5 2.0% 10 Total Indiana Exports & % Share of U.S. Total

35.7 $26,502.0

$22,907.0

Source: Census Bureau, values in millions Source: U.S.U.S. Census Bureau, values in millions

$28,745.0 34.9

33.8 34.6 35.9 34.6 33.7 34.3 34.3 37.3 35.1

2.2%

% CHANGE 2009-10 26.6% 46.8% 46.6% -9.8% 9.0% HOURLY 45.4% WAGE 25.4% $16.30 105.5% $20.18 53.6% $22.70 23.7%

$20.78 $20.72 25.5% $21.14 $22.28 $20.08 $18.08 $20.88 $17.22 $19.25 $20.08 $20.30

82%

WEEKLY WAGE $583.54 $637.69 of all recreation vehicles $851.25 $741.85 are manufactured in $723.13 Northeast Indiana. $714.53 Source: Spartan Motors $770.89 $720.87 $625.57 $703.66 $590.65 $660.28 $748.98 $712.53

39

SMALL BUSINESS SPOTLIGHT

14

AMERICA’S 10 MOST HELPFUL SMALL BUSINESS DEVELOPMENT CENTERS – 2011 The District of Columbia Small Business Development Center The Georgia State University Small Business Development Center Idaho Small Business Center at Boise State University Inland Empire Small Business Development Center The Iowa Western Community College North Central Indiana Small Business Development Center North Central Kansas Small Business Development Center San Antonio Small Business Development Center Vancouver Small Business Development Center Maryland Small Business Development Center

Washington, D.C. Atlanta, GA Boise, Idaho San Bernardino, CA Council Bluffs, Iowa South Bend, IN Concordia, KS San Antonio, TX Vancouver, WA Baltimore, MD

Source: Inc.com, best out of 900+ small business development centers nationwide

REGIONAL DEVELOPMENT COMPANY Number of Loans Debenture Dollars Approved Total Project Dollars Approved Jobs Created Number of Partner Banks Number of Board Members

2010 28 $10,145,000 $22,534,761 148 13 30

2011 32 $11,738,000 $33,060,761 224 10 30

Source: Regional Development Company Company Source: Regional Development

1 2 3 4 5 6 7 8 9 10

INSTITUTION

116 Chase Bank N.A. 99 The Huntington National Bank 76 Superior Financial Group, LLC 61 1st Source Bank 53 Keybank N.A. 51 Star Financial Bank Premiere Capital Corporation 50 Indiana Statewide Certified Development Corporation 44 36 Centier Bank 35 Fifth Third Bank

Source: Indiana Small Business Administration

of small businesses say that using social media has eaten up more time than they expected.

Source: Network Solutions and The Center for Excellence in Service at the University of Maryland Small Business Success Survey

40

NO. OF BUSINESSES 73,063 30,111 20,630 13,721 4,713 2,702 686 241 150

Source: U.S. Census Bureau

Source: Indiana Small Business Administration

56%

Number of Veteran-Owned small business loans in 2010 for a total amount of $12,572,372.

NO. OF EMPLOYEES 1-4 5-9 10-19 20-49 50-99 100-249 250-499 500-999 1,000+

Source: U.S. Census Bureau

TOP 10 SMALL BUSINESS LOAN COUNTIES BY DOLLAR AMOUNT – 2010 RANK COUNTY 1 2 3 4 5 6 7 8 9 10

$

LOANS

226 Marion 87 Allen 106 Hamilton 92 Lake 36 Johnson 42 Hendricks Vanderburgh 33 32 Delaware 53 St. Joseph 45 Elkhart

SOCIAL MEDIA USAGE

BY SMALL BUSINESSES – 2010 % USING MEDIA Facebook 27% Linkedin 18% Blogs 8% Location-based Services 8% Twitter 7% Local Deal-of-the-Day Coupon Sites 2%

Small Business Success Survey

INDIANA BUSINESSES

BY EMPLOYMENT SIZE – 2009 LOANS

Source: Indiana Small Business Administration

Source: Network Solutions andforThe Center for Source: Network Solutions and The Center Excellence inExcellence Service at thein University of Maryland Small Businessof Success Survey Service at the University Maryland

Source: Indiana SBA

TOP 10 SMALL BUSINESS LENDERS

BY NUMBER OF LOANS – 2010 RANK

86

Number of Minority-Owned small business loans in 2010 for a total amount of $7,531,000.

$65,249,900 $22,290,200 $21,163,900 $21,047,307 $17,221,200 $13,003,900 $11,711,500 $10,636,400 $10,059,900 $8,620,200

Source: Indiana Small Business Administration

Source: Indiana Small Business Administration

30

Number of Woman-Owned small business loans in 2010 for a total amount of $14,149,000.

Source: Indiana Small Business Administration

TOP 10 AMERICA’S RECOVERY CAPITAL LENDERS – 2010 RANK 1 2 3 4 5 6 7 8 9 10

INSTITUTION Shelby County Bank Centier Bank Chase Bank N.A. Horizon Bank N.A. First Harrison Bank 1st Source Bank Lafayette Savings Bank, FSB Professional FCU Keybank N.A. Wells Fargo Bank N.A.

LOANS

$

25 22 10 9 6 5 4 4 4 6

$871,500 $687,007 $308,100 $301,010 $210,000 $147,700 $140,000 $140,000 $140,000 $138,700

Source: Indiana Small Business Administration

Source: Indiana Small Business Administration

2,859

jobs were created, and 8,269 jobs were retained, by Indiana small business development centers in 2010.

Source: Indiana Small Business Development Center www.buildingindiananews.com

MAIN FEATURE

INDIANA’S LARGEST CORPORATIONS – 2011 INDIANA FORTUNE 500 CORPORATION RANK RANK 42 1 WellPoint 115 2 Eli Lilly 186 3 Cummins 362 4 NiSource 368 4 Steel Dynamics

CITY Indianapolis Indianapolis Columbus Merrillville Fort Wayne

REVENUES (MILLIONS) $58,801.8 $23,076.0 $13,226.0 $6,442.7 $6,300.9

PROFITS (MILLIONS) $2,887.1 $5,069.5 $1,040.0 $292.0 $140.7

$40 million

Source: Fortune 500 Source: Fortune 500

INDIANA DEFENSE CONTRACT AWARDS 2001 – 2010 FISCAL YEAR 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

NO. OF CONTRACTORS 362 477 519 786 1,073 1,097 1,160 1,196 1,216 1,136

NO. OF CONTRACTS 2,114 3,839 6,615 7,378 13,649 8,366 9,811 10,939 9,582 9,889

Philanthropic gift given by Sidney and Lois Eskenazi to support the Wishard Hospital project in Indianapolis in 2011.

In recognition of the gift, both the hospital and health system will adopt the Eskenazi name by 2014. The gift is one of the largest ever made to a public hospital in the U.S. Public hospital giving is so rare that organizations tracking philanthropy’s biggest gifts don’t keep a list of such donations.

The largest is thought to be a $50 million pledge grant to Parkland Health & Hospital Systems in Dallas in 2008.

TOTAL VALUE $1,781,599,723 $1,823,460,354 $2,299,897,248 $3,105,494,963 $5,093,579,488 $4,901,644,892 $5,801,657,854 $7,795,067,767 $6,881,788,924 $4,037,339,824

Source: Indiana Business Research Center, using usaspending.gov data

Source: Wishard Health Services, Houston Chronicle

Source: Indiana Business Research Center, using usaspending.gov data

CHANGE IN DIVERSITY SINCE 2000 Lake Michigan

Chicago

MICHIGAN !

Hammond

!

South Bend

!

Gary

!

Fort Wayne

Lafayette !

Muncie

OHIO

Monument Circle in downtown Indianapolis was identified in 2011 by the American Planning Association as one of the Top 10 Great Public Spaces in the country.

!

!

ILLINOIS

Anderson !

Indianapolis

Cincinnati

!

Bloomington

PERSONAL INCOME TAX RATES BY STATE – 2011 RANK 12 14 19 (t) 27 29 (t)

STATE Indiana Michigan Illinois Ohio Kentucky

PIT RATE 3.4% 3.4% 5.0% 5.9% 6.0%

Source: Small Business & Entrepreneurship Council’s Business Tax Index 2011 Source: Small Business & Entrepreneurship

Council’s Business Tax Index 2011 www.buildingindiananews.com

New Albany

!

Louisville

Evansville

Sources: Esri, US Census Bureau

!

KE N T U C K 0

50

Y

100 Miles © 2011 Esri

Change in Diversity since 2000 6.1% to 15% 4.1 to 6% 2.1 to 4% 0 to 2% increase Up to 3% decrease

41

MAIN FEATURE PERCENT POPULATION AGED 55+ Lake Michigan

Chicago

INDIANA NATIONAL GUARD FISCAL IMPACT BY CITY – 2009

MICHIGAN !

Hammond

!

South Bend

!

Gary

!

Lafayette !

Muncie

OHIO

Fort Wayne

!

!

ILLINOIS

Anderson !

CITY RANK 1 Indianapolis 2 Edinburgh 3 Fort Wayne 4 Kokomo 5 Gary 6 Evansville 7 Lafayette 8 Bloomington 9 Crawfordsville 10 Anderson TOTAL INDIANA (36 cities)

STATE $4,759,542 $4,037,528 $475,059 $83,071 $192,030 $136,628 $101,482 $43,362 $53,137 $149,901 $12,597,086

FEDERAL $227,489,831 $111,981,127 $69,008,891 $11,421,911 $6,694,902 $6,646,176 $4,861,557 $4,631,996 $3,432,261 $2,915,315 $478,278,115

TOTAL $232,249,373 $116,018,655 $69,483,950 $11,504,982 $6,886,932 $6,782,804 $4,963,039 $4,675,358 $3,485,398 $3,065,216 $490,875,201

Indianapolis

Source: Indiana National Guard 2009 Annual Report

Source: Indiana National Guard 2009 Annual Report Cincinnati

!

Bloomington

PROPERTY TAX RATE AND CAPITAL STOCK TAXES BY STATE

New Albany

!

Louisville

Evansville

Sources: Esri, US Census Bureau

!

KE N T U C K 0

50

100 Miles © 2011 Esri

42

Y

Percent Population Aged 55+

by Census Tract Greater than 30% 27% to 30% 24% to 26% 20% to 23% Less than 20%

Illinois Indiana Kentucky Michigan Ohio

CAPITAL STOCK CAPITAL STOCK CST PROPERTY TAX COLLECTIONS MAX PAYMENT & CIT TAX RATE PER CAPITA AS % OF INCOME $1,805 0.1 4.35% 2,000,000 Pay Both $669 None 0.79% n/a n/a $702 None 2.29% n/a n/a $1,706 None 4.74% n/a n/a $1,337 None 3.70% n/a n/a

Source: Tax Foundation 2011 State Business Tax Climate Index, figures as of July 2010

Source: Tax Foundation 2011 State Business Tax Climate Index, figures as of July 2010

www.buildingindiananews.com

2010-2015 POPULATION GROWTH Lake Michigan

Chicago

MICHIGAN

www.transunited.com

!

Hammond

!

South Bend

!

Gary

(TRUCKISMO)

!

In 2010, the Indiana National Guard introduced the Employment Coordination Program, which focuses on assisting service members and spouses find employment. Last year, the program partnered with 97 Indiana businesses, aided with 2,185 resumes and assisted more than 700 service members.

Lafayette !

Muncie

OHIO

Fort Wayne

500 - 200,000

!

!

ILLINOIS

Anderson !

Indianapolis

Cincinnati

!

New Albany

Sources: Esri, US Census Bureau !

Louisville

Evansville

2010-2015 Population Growth

by Census Tract

!

0

50

Source: Indiana National Guard 2010 Annual Report

Y

100 Miles

More than 2.0% 1.6% to 2.0% 1.1% to 1.5% 0.6% to 1.0% 0.1% to 0.5% -0.4% to 0.0% -0.9% to -0.5% -1.0% or less

LTL • FLATBED • SPECIALIZED

© 2011 Esri

INDIANA FACEBOOK USERS BY AGE 55-64 8%

POUNDS

Bloomington

KE N T U C K

65+ 5%

WE’RE PERFECT FOR TRANSPORTING

SUPER LOAD • POWER-ONLY

13-15 4% 16-17 6%

45-54 13% 18-24 25%

PROJECT PLANNING

In 2011, Indiana Gov. Mitch Daniels signed into law a measure which will reduce Indiana’s corporate tax rate from 8.5% to 6.5% over the next four years.

35-44 17% 25-34 22%

Source: State of Indiana

Source: socialbakers.com, as of September 2011

STATE TAX CLIMATE RANKINGS BY TAX TYPE – 2011 OVERALL Illinois Indiana Kentucky Michigan Ohio

23 10 19 17 46

CORPORATE TAX 27 21 42 48 39

INDIVIDUAL TAX 9 11 32 12 44

SALES TAX 39 20 7 9 35

UNEMPLOYMENT PROPERTY INSURANCE TAX TAX 41 39 12 4 34 20 45 32 11 45

Source: TaxTax Foundation 2011 State2011 Business Tax Climate Index Tax Climate Index, figures as of July 2010 Source: Foundation State Business

www.buildingindiananews.com

WAREHOUSING

Serving 48 States Canada & Mexico

877-762-3111 BURNS HARBOR, IN 46304

43

MAIN FEATURE TOP STATES FOR BUSINESS & JOB GROWTH – 2011

Illinois Indiana Kentucky Michigan Ohio

CHIEF EXECUTIVE 48 6 17 46 41

CNBC 22 15 35 34 23

SMALL BUSINESS & AREA TAX ENTREPRENEURSHIP NEWSWEEK/ DAILY BEAST ** AVERAGE DEVELOPMENT * FOUNDATION COUNCIL 23 37 n/a 15 29 10 24 5 2 10.3 19 25 n/a n/a 24 17 27 n/a 1 25 46 9 n/a 9 25.6

Source: Chief Executive magazine, May 2011; CNBC, 2011; Area Development Online, fall 2011 (* only top 10 states ranked); Source: Chief May 2011; CNBC, 2011; Area Development Online, Tax Foundation 2011Executive State Businessmagazine, Tax Climate Index; Small Business & Entrepreneurship Council’s Business Tax Index 2011; fall 2011 (* only top Newsweek/Daily Beast 20 Best for Job Growth, Aug 2011 (** only top 20 states 10 states ranked); TaxStates Foundation 2011 State Business Taxranked) Climate Index; Small Business & Entrepreneurship Council’s Business Tax Index 2011; Newsweek/Daily Beast 20 Best States for Job Growth, Aug 2011 (** only top 20 states ranked)

61%

Percent growth in Indiana’s immigrant population from 2000 to 2010. That is the 9th-highest percentage increase in the U.S. Nationally, the immigrant population grew 28% over the same period.

Source: Center for Immigration Studies

TOP 10 INDIANA SHOPPING MALLS - 2011 MALL/SHOPPING CENTER NAME Castleton Square Mall Westfield Southlake Glenbrook Square Greenwood Park Mall Saxony Village Lafayette Square Crossings @ Hobart University Park Mall Washington Square Tippecanoe Mall

CITY Indianapolis Merrillville Ft. Wayne Greenwood Fishers Indianapolis Hobart Mishawaka Indianapolis Lafayette

GROSS LEASABLE AREA (SF) ACRES 1,373,405 115 1,372,744 129 1,233,170 114 1,200,559 102 1,200,000 725 1,175,000 113 950,000 92 922,625 74 899,395 100 856,123 50

YEAR TOTAL TOTAL PARKING SPACES OPENED STORES 1972 140 7,233 1974 179 7,400 1966 160 6,151 1965 143 6,453 2007 10 0 1968 115 6,566 1991 61 2,397 1979 137 4,591 1974 92 6,597 1973 105 4,524

Source: Source: Esri Esri

44

www.buildingindiananews.com

REAL ESTATE AVAILABLE INDUSTRIAL SPACE BY TYPE – INDIANAPOLIS

INDUSTRIAL REAL ESTATE VACANCY RATES – Q2 2011

Other 0.5%

Flex 6.4%

Modern Bulk 25.0% Office/ Showroom 9.0%

CITY/REGION

RATE

Chicago, IL Cincinnati, OH Columbus, OH Detroit, MI Elkhart/Goshen, IN * Indianapolis, IN Louisville, KY Northwest Indiana ** South Bend/Mishawaka, IN * Southern Indiana ***

11.8% 8.8% 12.3% 21.3% 10.4% 8.5% 8.0% 9.9% 8.9% 6.4%

ABSORBTION (SF) -2,793,215 47,942 2,103,147 187,520 539,546 3,541,406 521,250 -702,912 -590,655 100,000

* Q1 figures

Figures overall *** Figures brokenbroken out from out overallfrom Chicago market. Chicago market. *** Louisville Class A, figures broken out from ** Louisville region, region, Class A, figures broken out from overall Louisville market.

Medium Distribution 22.1%

Manufacturing 19.6%

overall Louisville market.

Source: Colliers International, Cassidy Turley, Grubb & Ellis | Cressy & Everett

Source: Colliers International, Cassidy Turley, Grubb & Ellis | Cressy & Everett

Traditional Bulk 17.4%

13,083

Source: Cassidy Turley Source: Cassidy Turley

HOME OWNERSHIP RATES BY STATE STATE Illinois Indiana Kentucky Michigan Ohio

2008

2009

2010

68.9% 74.4% 72.8% 75.9% 70.8%

69.1% 70.2% 71.2% 74.5% 69.7%

68.3% 70.4% 68.6% 73.6% 69.2%

Source: U.S. Census Bureau

STATE RENTAL VACANCY RATES STATE Illinois Indiana Kentucky Michigan Ohio

2008

2009

2010

10.0% 14.8% 9.9% 14.6% 10.5%

10.8% 11.9% 12.1% 13.3% 10.7%

9.2% 9.7% 11.1% 11.2% 10.9%

Source: U.S. Census Bureau

Source: U.S. Census Bureau

Source: U.S. Census Bureau

A national survey of real estate executives ranked Indiana the

6th-best state for doing business.

Source: Site Selection magazine

OFFICE REAL ESTATE VACANCY RATES – Q2 2011 CITY/REGION

RATE

ABSORBTION (SF)

Chicago Downtown Chicago Suburbs Cincinnati, OH Columbus, OH Detroit, MI Indianapolis Downtown Indianapolis Suburbs Louisville, KY South Bend/Mishawaka, IN * Total U.S. Downtown Office

15.8% 24.1% 20.3% 13.0% 19.2% 20.1% 22.7% 15.3% 17.9% 15.3%

226,205 -295,281 -57,767 189,981 792,089 10,755 142,672 104,783 -43,983 9,900,000

Source: Colliers International, Cassidy Turley, Grubb & Ellis | Q1 2011 ** Q1 figures Cressy & Everett

Source: Colliers International, Cassidy Turley, Grubb & Ellis | Cressy & Everett, CB Richard Ellis

www.buildingindiananews.com

residential building permits were issued in Indiana in 2010.

Source: U.S. Census Bureau

INDIANA BUILDING PERMITS – SELECT COUNTIES COUNTY NORTHWEST INDIANA Lake St. Joseph Porter La Porte Marshall NORTHEAST INDIANA Allen Elkhart Kosciusko Whitley Huntington CENTRAL INDIANA Tippecanoe Johnson Hendricks Monroe Hancock SOUTHERN INDIANA Vanderburgh Clark Warrick Floyd Jackson

TOTAL 2010 UNITS

TOTAL 2009 UNITS

818 311 251 228 88

687 261 295 138 100

721 234 193 93 79

715 185 200 135 29

487 651 631 261 151

436 678 754 265 298

277 276 197 133 111

263 375 174 131 80

Source: Bureau, privately resiSource: U.S. U.S. CensusCensus Bureau, privately owned residentialowned housing only dential housing only

45

REAL ESTATE TOP 10 COUNTIES BY MEDIAN HOME PRICE

LAND AND PROPERTY VALUES – 2011 CITY Chicago Cincinnati Cleveland Columbus Detroit Indianapolis Milwaukee

MSA HOME VALUES

STRUCTURE COST

LAND VALUE

$230,767 $165,671 $161,472 $199,864 $101,636 $123,766 $195,096

$197,576 $157,387 $152,914 $158,052 $96,554 $117,577 $164,658

$33,191 $8,284 $8,558 $41,812 $5,082 $6,188 $30,438

RANK 1 2 3 4 5 6 7 8 9 10

Source: Lincoln ofWisconsin Land Policy, Wisconsin Source: Lincoln InstituteInstitute of Land Policy, School of Business; figures as of Q1 2011

COUNTY

MEDIAN PRICE AUGUST 2011

Hamilton Boone Porter Monroe Brown Warrick Bartholomew Hendricks Floyd Dearborn Statewide

MEDIAN PRICE AUGUST 2010 % CHANGE

$196,000 $174,000 $155,900 $150,824 $150,000 $150,000 $140,000 $138,900 $132,000 $131,000 $113,500

$195,000 $178,500 $157,900 $150,000 $157,500 $143,000 $131,900 $143,583 $125,000 $125,000 $112,900

0.5% -2.5% -1.3% 0.5% -4.8% 4.9% 6.1% -3.3% 5.6% 4.8% 0.5%

Source: Indiana Association of Realtors Source: Indiana Association of Realtors

School of Business; figures as of Q1 2011

TOP 10 COUNTIES BY HOME SALES

INDIANA HOUSING MARKET OVERVIEW – 2011 AUG 2010

AUG 2011

New Listings 10,979 Pending Sales 4,925 Closed Sales 4,699 Median Sales Price $115,000 Average Sales Price $139,804 % Original List Price Received 90.8% Inventory of Homes for Sale 54,181 Month Supply of Homes for Sale 10.3

10,124 5,515 5,967 $117,000 $142,621 90.4% 51,583 11.1

METRIC

+/-7.8% 12.0% 27.0% 1.7% 2.0% -0.4% -4.8% 6.9%

YTD 2010 91,908 43,874 40,720 $112,900 $132,916 91.5% ---

YTD 2011 81,713 40,588 38,927 $113,500 $135,837 90.3% ---

RANK

+/-

1 2 3 4 5 6 7 8 9 10

-11.1% -7.5% -4.4% 0.5% 2.2% -1.3% ---

Source: Indiana Association Source: Indiana Association of Realtors of Realtors

COUNTY Marion Hamilton Allen Lake St. Joseph Hendricks Vanderburgh Johnson Tippecanoe Elkhart Statewide

HOME SALES AUGUST 2011 6,195 2,910 2,603 2,535 1,596 1,343 1,191 1,153 1,116 1,089 38,927

HOME SALES AUGUST 2010 % CHANGE 6,787 2,905 2,783 2,776 1,753 1,226 1,280 1,199 1,176 1,153 40,720

-8.7% 0.2% -6.5% -8.7% -9.0% 9.5% -7.0% -3.8% -5.1% -5.6% -4.4%

Source: Indiana Association of Realtors Source: Indiana Association of Realtors

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CONSTRUCTION WOMEN’S EARNING’S AS A PERCENT OF MEN’S BY INDUSTRY – 2009 WOMEN’S MEDIAN WEEKLY EARNINGS

INDUSTRY

Construction Agriculture and related industries Leisure and hospitality All, 16 years and over Mining, quarrying, and oil and gas extraction Transportation and utilities Public administration Education and health services Professional and business services Wholesale and retail trade Information Manufacturing Other services Financial activities

INDIANA GREEN CONSTRUCTION JOBS

WOMEN’S EARNINGS AS A PERCENT OF MEN’S

Electricians Civil engineers Insulation workers, floor, ceiling, and wall 1,375 Heating, air conditioning, and refrigeration mechanics and installers 873 Mechanical engineers 589 First-line supervisors/managers of construction trades and extraction workers 570 Roofers 548 Carpenters 501 Electrical engineers 495 Construction managers 9,869 TOTAL

92.2% 84.6% 83.5% 80.2% 79.7% 78.6% 78.5% 77.0% 76.6% 76.0% 75.8% 73.8% 72.2% 70.5%

$696 $413 $421 $657 $873 $685 $783 $717 $744 $523 $756 $618 $503 $732

NO. OF INDIANA % TOTAL INDIANA GREEN JOBS GREEN JOBS 1,906 4.1% 1,511 3.2% 1,501 3.2%

CONSTRUCTION PROFESSION

2.9% 1.9% 1.3% 1.2% 1.2% 1.1% 1.1% 21.3%

Source: Indiana Department of Workforce Development and the Indiana Business

Source: Indiana Department of Workforce Development and the IndiResearch Center 2010 Indiana Green Jobs Survey ana Business Research Center 2010 Indiana Green Jobs Survey

Source: Bureau Labor Statistics Source: Bureau of Laborof Statistics

INDIANA INDUSTRIAL RAIL SERVICE FUND GRANT PROJECTS – FY 2011 RAILROAD Indiana Eastern Railroad Chesapeake & Indiana Railroad Perry County Port Authority Indiana Southern Railroad MG Rail Indiana Northeastern Railroad Louisville and Indiana Railroad The Indiana Rail Road Company TOTAL FY 2011 IRSF GRANTS

In September 2011, a KFC restaurant in Indianapolis became the state’s 1st LEED Gold-certified retail establishment. The restaurant uses 25% less energy and water than a conventional KFC and features energy-efficient cooking equipment, LED lighting and other green innovations.

Source: Yum! Brands, Inc.

PROJECT Bridge rehabilitation in Richmond Siding and switch work in Wellsboro Replace open deck timber trestle bridge Resurface Hawthorn line Rail upgrade and maintenance at selected locations Change out 1.41 miles of rail Tie installation project Upgrade connection track between Indianapolis and Chicago

% TOTAL COST

$38,197 $50,804 $207,175 $214,235 $241,773 $246,220 $250,000 $250,000 $1,498,407

75% 26% 25% 39% 56% 41% 24% 21%

Source: Indiana Department of Transportation

Source: Indiana Department of Transportation

CONSTRUCTION INDUSTRY WORKERS BY GENDER – 2009

10%

90%

Source: National Association of Women in Construction

EMPLOYMENT METRO

AUGUST 2010

AUGUST 2011

Anderson Bloomington Columbus Elkhart-Goshen Evansville, IN-KY Fort Wayne Gary, IN Div. Indianapolis-Carmel Kokomo Lafayette Michigan City-La Porte Muncie South Bend-Mishawaka, IN-MI Terre Haute Cincinnati-Middletown, OH-KY-IN Louisville-Jefferson County, KY-IN

1,300 3,000 1,500 3,500 11,700 10,100 17,600 40,500 1,100 2,700 2,000 1,600 4,700 3,800 39,000 27,300

1,400 3,100 1,600 3,600 12,100 10,400 17,300 40,700 1,200 2,800 2,100 1,700 4,900 3,800 41,500 28,100

% CHANGE 8% 3% 7% 3% 3% 3% -2% 0.5% 9% 4% 5% 6% 4% 0% 6% 3%

+/100 100 100 100 400 300 -300 200 100 100 100 100 200 0 2,500 800

Source: Associated General Contractors of America, U.S. Department of Labor *Source: RankAssociated out of General 337 metro areas nationwide Contractors of America, U.S. Department of Labor * Rank by percent change out of 337 metro areas nationwide

2011 marked the

125th anniversary

of the National Roofing Contractors Association.

Source: NRCA

U.S. CAPITAL EXPENDITURES BY BUSINESS 2008 – 2009

INDIANA CONSTRUCTION EMPLOYMENT BY METRO AREA – 2011

www.buildingindiananews.com

AWARD $

RANK* 34 93 41 93 93 93 209 146 26 79 61 44 79 147 44 93

Structures New Used Equipment New Used TOTAL

2009 (millions)

2008 (millions)

$448,132 $421,044 $27,088 $641,938 $606,935 $35,003 $1,090,070

$562,381 $522,999 $39,382 $811,779 $765,279 $46,501 $1,374,160

Source: Bureau of Labor Statistics Source: Bureau of Labor Statistics

CONSTRUCTION EMPLOYMENT BY STATE – 2011 STATE

EMPLOYMENT AUG 2010 AUG 2011

Illinois Indiana Kentucky Michigan Ohio

195,300 116,000 67,100 120,700 166,900

205,900 118,400 66,200 133,300 173,800

+/-

RANK

10,600 2,400 -900 12,600 6,900

4 14 32 2 8

Source: Associated General Contractors of America, Source: Associated General Contractors of America, U.S. Department of Labor U.S. Department of Labor

47

ONSITE

EVANSVILLE ECONOMIC DEVELOPMENT – JAN-JUNE 2011 CAPITAL NO. OF JOBS INVESTMENT COMPANY $4,350,000 Mead Johnson 22 $4,000,000 SS&C Technologies 500 $1,500,000 Crosspoint Polymer Technology 50 $1,225,000 Rotary Corporation 12 $920,000 Sugar Steel 26 $600,000 Windstream Technologies 175 $600,000 Berry Plastics 120 $13,200,000 TOTAL 905

SQUARE FEET 0 80,000 112,000 37,080 100,000 20,000 20,000 349,000

FIVE-YEAR ECONOMIC IMPACT $72,696,458 (Existing) $414,545,739 (New to Area) $51,400,000 (New to Area) $4,600,000 (New to Area) $13,221,279 (New to Area) $268,100,000 (Existing/Retaining) $65,500,000 (Existing) $890,000,000

In 2010, 118 new or expanding businesses in Northeast Indiana created

4,264 jobs.

Source: Growth for Greater Evansville Source: Growth Alliance Alliance for Greater Evansville Source: Northeast Indiana Regional Partnership

AMERICA’S TOP STATES FOR BUSINESS – 2011 OVERALL 15 22 23 34 35

COST STATE OF BUSINESS Indiana 8 Illinois 24 Ohio 5 Michigan 27 Kentucky 4

WORKFORCE 41 45 50 41 22

QUALITY INFRASTRUCTURE TECHNOLOGY OF LIFE ECONOMY & TRANSPORTATION & INNOVATION EDUCATION 30 21 40 22 12 32 6 28 6 29 24 4 42 15 13 36 10 35 8 34 36 16 46 36 32

BUSINESS FRIENDLINESS 10 36 42 36 36

ACCESS TO CAPITAL 14 5 21 31 34

COST OF LIVING 15 20 13 18 1

Source: CNBC

Source: CNBC

Lafayette, Indiana is the nations’

12thbest

Small City for Business and Careers.

ST. JOSEPH METRONET HIGH-SPEED FIBER NETWORK GROWTH – 2006-2010 CONNECTIONS 7 25 38 51 69

Source: Project Future Source: Project Future

48

COUNTY Adams Allen DeKalb Huntington LaGrange Noble Steuben Wabash Wells Whitley

COMPANY EMPLOYMENT 1,199 Fleetwood RV 4,710 Parkview Health Systems 1,425 Nucor 800 UT Electronic Controls 500 CrossRoads RV 638 Courier Kendallville Inc. 377 Trine University 486 Ford Meter Box Co. 1,185 Peyton’s Northern 596 Steel Dynamics Inc.

% INCREASE -150% 52% 35% 35%

Over the past two years, Hoosier defense and aerospace companies have created

1,800 new jobs.

Source: Northeast Indiana Regional Partnership

Source: Northeast Indiana Regional Partnership

Source: Forbes

YEAR 2006 2007 2008 2009 2010

TOP EMPLOYERS IN NORTHEAST INDIANA BY COUNTY

$29.3 billion

Gross Regional Product of Northwest Indiana.

Source: Northwest Indiana Regional Council of Economic Advisors

Source: Indiana Economic Development Corporation

NEW JOB COMMITMENTS IN INDIANAPOLIS

BY INDUSTRY CLUSTER – 2010 Life Sciences Information Technology Logistics Other Advanced Manufacturing Clean Tech Motorsports

3,761 1,466 1,323 1,473 236 220 121

Source: DevelopIndy

Source: DevelopIndy www.buildingindiananews.com

LAFAYETTE BY THE NUMBERS New Retailers & Restaurants New Hospitals & Medical Facilities New Life Science & High-Tech Start-Ups New Capital Investment (millions)

2009 40 10 11 $340.9

2010 35 6 7 $640.1

Source: Greater Lafayette ChamberChamber of Commerce Source: Greater Lafayette of Commerce

NEW JOB COMMITMENTS IN INDIANAPOLIS – 2006-2010 YEAR 2010 2009 2008 2007 2006

NEW JOB JOBS COMMITMENTS RETAINED 7,159 8,737 7,024 4,001 6,164 3,428 4,335 4,587 14,207 4,471

TOTAL 15,896 11,025 9,592 8,922 18,678

CAPITAL INVESTMENT $933,955,063 $157,225,612 $313,977,571 $347,767,890 $625,904,377

Source: DevelopIndy Source: DevelopIndy

PRIVATE SECTOR SALES BY INDUSTRY – NWI Arts, Entertainment, Other Services Accomodations & Food 2.5% 1.8% Agriculture & Mining Healthcare 0.9% 11.9% Utilities Education 22.1% 3.3%

Administrative & Total Sales: Support Services 5.4% Construction Professional, Scientific 6.2% & Technical Services 3.2% $41 Manufacturing Information billion 14.5% 0.6% Finance, Insurance & Real Estate 10.8% Wholesale Trade 5.1% Retail Trade Transportation 8.7% & Warehousing 3.1% Source: Northwest Indiana Regional Council of Economic Advisors Source: Northwest Indiana Regional Council of Economic Advisors

Indiana has the third highest life sciences employment concentration nationally, and has seen a 21% increase in life sciences employment, adding more than 8,800 new jobs since 2002. From 2005 to 2010, Indiana opportunities received nearly $1.8 billion in capital investment for new and existing life sciences companies.

Source: BioCrossroads www.buildingindiananews.com

49

LOGISTICS LOGISTICS: INDIANA VS. U.S.

PUBLIC ROAD LENGTH

BY STATE – 2009

Indiana exports manufactured goods to every continent except Antarctica.

Source: 2011 Manufacturing & Logistics Indiana State Report

A

B

C

D

Indiana Illinois Michigan Kentucky Ohio

TOTAL 18.0 20.1 19.0 25.9 28.0

F

Source: Conexus Indiana; grades include three variables: the share of total income

earned by manufacturing employees ingrades each state,include the wage premium paid to of manufacturing Source: Conexus Indiana; the share total workers relative to the other states’ employees and theof share of manufacturing employment per capita. logistics industry income as a share total state income; the employment per capita; commodity flows data by both Source: U.S. Department of Transportation, Indiana figures from 2008 Source: U.S. Department of rail and road; and infrastructure spending as the per capita expenditure on highway construction.

Transportation, Indiana figures from 2008

STATE MOTOR FUEL TAX RATES GASOLINE EXCISE FEE/TAX 18.0 -19.0 1.1 19.0 -24.5 1.4 28.0 --

139,577 95,679 78,963 121,651 123,024

Illinois Indiana Kentucky Michigan Ohio

Grading Scale:

FREIGHT RAILROADS BY STATE - 2009 DIESEL FUEL EXCISE FEE/TAX 16.0 -21.5 1.1 15.0 -21.5 1.4 28.0 --

TOTAL 16.0 22.6 15.0 22.9 28.0

GASAHOL EXCISE FEE/TAX 18.0 -19.0 1.1 19.0 -24.5 1.4 28.0 --

Source: Federation of Tax Administrators, data as of January 2011 Source: Federation of Tax Administrators, data as of January 2011

TOTAL 18.0 20.1 19.0 25.9 28.0

STATE Illinois Indiana Ohio Michigan Kentucky

NUMBER OF RAILROADS 42 42 36 25 13

MILES 7,313 4,475 5,286 3,689 2,558

Source: Association ofRailroads American Railroads Source: Association of American

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INDIANA LOGISTICS RANKINGS The Hoosier State ranks in the top 10 in 43 significant logistics-related categories.

1

• intersecting highways • rail tons of primary metals originated • rail tons of primary metals terminated • shortest distance to median center of U.S. population

2

3

• in world’s largest FedEx air hubs (Indianapolis) • total freight railroads • local freight railroads

4

INDIANAPOLIS INTERNATIONAL AIRPORT TOP 10 DESTINATIONS – 2010 RANK 1 2 3 4 5 6 7 8 9 10

DESTINATION

2009 RANK

1 Orlando 9 New York 3 Tampa 2 Las Vegas 4 Denver 6 Atlanta 7 Phoenix 5 Ft. Myers not ranked Baltimore 10 Dallas/Fort Worth

Source: Indianapolis International Airport

INDIANA RAIL TRAFFIC ORIGINATED – 2009 CARGO TONAGE 18,303,000 Coal 7,898,000 Farm products Primary metal products 6,775,000 6,759,000 Food products 2,123,000 Chemicals 5,448,000 Other 47,305,000 TOTAL

% TOTAL 39% 17% 14% 14% 4% 12% 100%

Source: Association American Railroads Source: Association of Americanof Railroads

Source: Indianapolis International Airport

• Class I railroads • number of long-distance trucking companies • rail tons of food products originated • rail tons of petroleum products terminated • rail tons of waste & scrap material terminated

5

• trailer and semitrailer registrations • largest cargo airports (Indianapolis) • local rail mileage • regional railroads • switching/terminal railroads

7

• export value with Canada • NAFTA export value • number of airports • long-distance trucking employment • trucking employment

8

• domestic waterborne shipping • NAFTA trade dollars • number of specialized trucking employees • rail tons of coal terminated • rail tons of farm products originated

9

• tons received • Class I rail mileage • export value to Mexico • freight rail employment • number of trucking companies • number of warehouse employees • rail mileage • rail tons carried • rail tons of coal originated • rail tons of waste & scrap material originated • scheduled air freight • total Canada trade dollars

10

• truck tons originated • rail carloads carried • freight shipped out of state • rail tons originated

Source: 2010 Indiana Logistics Directory

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51

LOGISTICS TOP 10 AIRPORTS BY LANDED CARGO WEIGHT – 2010 RANK 1 2 3 4 5 6 7 8 9 10

AIRPORT Memphis International Ted Stevens Anchorage International Louisville International Miami International Chicago O'Hare International Indianapolis International Los Angeles International John F Kennedy International Dallas/Fort Worth International Newark Liberty International

2010 LANDED WEIGHT (lbs.)

19,544,635,833 19,463,543,790 10,637,700,120 6,905,291,871 4,895,940,100 4,717,483,735 3,954,810,091 3,899,848,051 3,031,597,346 2,979,318,667

2009 LANDED WEIGHT (lbs.)

18,928,729,202 15,524,360,013 10,278,035,711 6,352,786,009 3,499,701,350 4,575,418,342 3,768,864,700 3,181,559,852 2,872,971,976 2,928,640,538

% CHANGE 3.3% 25.4% 3.5% 8.7% 39.9% 3.1% 4.9% 22.6% 5.5% 1.7%

Source: Federal Aviation Administration Source: Federal Aviation Administration

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It would have taken approximately

13.6 million

additional trucks to handle the 245.2 million tons of freight that originated, terminated, or passed through Indiana by rail in 2009.

Source: Association of American Railroads

SOUTH BEND REGIONAL AIRPORT – 2010 VS. 2009 2010 626,597 Total Passengers (enplaned and deplaned) 38 Weekday Arrivals/Departures 2,276 Weekday Total Available Seats 23,708,233 Total Cargo (lbs.)

33,495 Total Takeoffs/Landings

2009 625,077 40 2,360 21,210,060 37,028

% CHANGE 0.24% -5.0% -3.6% 11.8% -9.5%

Source: South BendBend Regional Airport Airport Source: South Regional

Indianapolis International Airport is the

The Port of Indiana – Burns Harbor registered a

22nd 73% largest cargo facility in the world.

Source: Airports Council International – North America

increase in tonnage in 2010, the largest increase of any Great Lakes port.

Source: Ports of Indiana

FORT WAYNE INTERNATIONAL AIRPORT – 2011 VS. 2010 2010 326,269 Total Passengers (enplaned and deplaned) 12,616,687 Total Cargo (lbs.)

19,928 Total Takeoffs/Landings

2009 323,683 14,072,702 25,002

% CHANGE 0.8% -10.4% -20.3%

Source: Fort Wayne International, figures are YTD July 2011 2010 versus YTD July 2010 Source: Fort Wayne International, figures areversus YTDYTD JulyJuly 2011

52

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WORKER‘S COMP

The Indiana non-fatal occupational injury and illness rate for professional and business services decreased

33%

from 2008 to 2009. This is the greatest one-year decline and the lowest nonfatal occupational injury and illness rate experienced in this industry since at least 2003.

INDIANA WORKPLACE INJURY & ILLNESS RATES: AGRICULTURE, FORESTRY & FISHING YEAR

EMPLOYMENT

2009 2008 2007 2006 2005

9,300 9,300 9,200 8,800 8,800

RATE PER 100 EMPLOYEES U.S. INDIANA 5.3 5.3 5.4 6.0 5.7

2.8 7.6 8.4 5.8 8.1

# OF INJURIES & ILLNESSES

# OF FATALITIES

300 600 700 500 600

23 22 22 12 30

Source: IDOL Source: IDOL

Source: IDOL

In 2009, the Indiana construction industry reported

1,760 injuries that required one or more days away from work for the affected worker. This is a reduction of nearly 27% from 2008.

Source: IDOL

The total number of non-fatal occupational injuries and illnesses in 2009 was

94,800

This is the lowest number of nonfatal injuries and illnesses recorded for the State of Indiana, and represents a decrease of 17,300 as compared to 2008.

Source: IDOL

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53

WORKER’S COMP The 2009 non-fatal work-related injury and illness rate for Indiana’s mining industry was 3.3, which is a one-year reduction of

INDIANA WORKPLACE INJURY & ILLNESS RATES: CONSTRUCTION YEAR

EMPLOYMENT

2009 2008 2007 2006 2005

135,300 151,600 153,100 146,600 144,600

RATE PER 100 EMPLOYEES U.S. INDIANA 4.3 4.7 5.4 5.9 6.3

4.6 4.6 5.7 5.6 5.6

# OF INJURIES & ILLNESSES

# OF FATALITIES

5,600 6,300 7,700 7,600 7,500

17 19 21 27 29

13%

from 2008. Yet, the Hoosier mining industry is still 27% above the national mining industry non-fatal injury and illness rate of 2.4.

Source: IDOL

Source: IDOL Source: IDOL

The Hoosier healthcare and social assistance industry had the second highest number and rate of non-fatal workplace injuries and illnesses in 2009.

The most frequent injuries suffered were sprains, strains and tears (47%).

Source: IDOL

INDIANA WORKPLACE INJURY & ILLNESS RATES: HEALTHCARE & SOCIAL ASSISTANCE YEAR

EMPLOYMENT

2009 2008 2007 2006 2005

341,000 332,600 316,600 316,000 308,400

RATE PER 100 EMPLOYEES U.S. INDIANA 5.4 5.4 5.8 5.8 5.9

6.5 6.4 6.6 6.6 6.8

# OF INJURIES & ILLNESSES

# OF FATALITIES

16,600 16,000 17,100 16,500 16,100

6 5 0 0 5

Source: Source: IDOLIDOL

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INDIANA WORKPLACE INJURY & ILLNESS RATES: MANUFACTURING YEAR

EMPLOYMENT

2009 2008 2007 2006 2005

470,800 538,500 568,000 570,000 571,000

RATE PER 100 EMPLOYEES U.S. INDIANA 4.3 5.0 5.6 6.0 6.3

# OF INJURIES & ILLNESSES 21,500 30,800 36,600 42,000 48,600

# OF FATALITIES 12 18 7 13 10

# OF INJURIES & ILLNESSES

# OF FATALITIES

2,900 4,700 6,100 4,900 4,400

6 7 11 13 12

4.7 5.8 6.6 7.3 8.3

Source: Source: IDOLIDOL

INDIANA WORKPLACE INJURY & ILLNESS RATES: PROFESSIONAL & BUSINESS SERVICES YEAR

EMPLOYMENT

2009 2008 2007 2006 2005

272,500 292,400 288,700 279,300 272,400

RATE PER 100 EMPLOYEES U.S. INDIANA 1.8 1.9 2.1 2.1 2.4

1.6 2.4 2.5 2.7 2.7

Source: IDOL

Source: IDOL

INDIANA WORKPLACE INJURY & ILLNESS RATES: STATE & LOCAL GOVERNMENT YEAR 2009 2008 2007 2006 2005

# OF INJURIES RATE PER EMPLOYMENT 100 EMPLOYEES & ILLNESSES 371,100 368,800 361,200 360,300 362,200

# OF FATALITIES

15,300 15,500 17,100 19,700 17,500

5.8 5.7 5.7 6.6 6.6

6 8 9 7 9

Source: IDOL

Source: IDOL

INDIANA WORKPLACE INJURY & ILLNESS RATES: TRANSPORTATION & WAREHOUSING YEAR

EMPLOYMENT

2009 2008 2007 2006 2005

107,200 108,800 110,900 108,800 105,200

RATE PER 100 EMPLOYEES U.S. INDIANA 5.2 5.7 6.4 6.5 7.0

4.5 5.0 5.5 5.3 5.6

# OF INJURIES & ILLNESSES

# OF FATALITIES

5,200 5,800 6,200 5,900 6,300

17 16 31 34 28

Source: IDOLIDOL Source:

www.buildingindiananews.com

55

YOUR WELL BEING JOBS SUPPORTED BY INDIANA LONG-TERM CARE FACILITIES – 2009

HOSPITALS BY STATE – 2011 NO. OF STATE HOSPITALS 143 Illinois 100 Indiana 76 Kentucky 112 Michigan 158 Ohio

STAFFED TOTAL BEDS DISCHARGES

GROSS PATIENT REVENUE ($000)

PATIENT DAYS 6,276,517 3,062,164 2,650,884 5,034,843 5,890,481

INDUSTRY/SECTOR

INDUCED

ECONOMIC ACTIVITY

74,580 Nursing and Residential Care Facilities 2,960 Real Estate Establishments 0 Imputed Rental Activity for Owner-Occupied Dwellings 3,110 Foodservice and Drinking Places 1,210 Private Hospitals 890 Wholesale Trade Businesses Source: American Hospital Directory, Inc. Statistics for non-federal, short-term, acute 530 Insurance Carriers Source: American Hospital Directory, Inc. Statistics for non-federal, short-term, acute care hospitals. Data are based on each hospital’s most recent Medicare cost report. care hospitals. Data are based on each hospital’s most recent Medicare cost report.

Offices of Physicians, Dentists and Other Healthcare Providers 1,010 10 Petroleum Refineries 21,080 All Other Industries

31,610 16,399 13,676 23,888 29,789

1,398,577 682,321 567,720 1,108,024 1,331,219

$417

$86,247,089 $37,994,888 $28,662,211 $57,150,996 $84,885,828

Indiana employers provide an average subsidy of $364 a month for single coverage and $915 a month for employees with family coverage.

Amount typical Hoosier is paying a month for family healthcare coverage.

Nyhart 2011 Indiana Healthcare Benefit Survey

Nyhart 2011 Indiana Healthcare Benefit Survey

ECONOMIC IMPACT OF INDIANA COMMUNITY HOSPITALS – 2008 127,002 1.9919 252,975

Number of Jobs (full- and part-time) Multiplier for Employment Effect of Hospital Jobs on Total Indiana Jobs Percent of Total (non-farm) Indiana Employment Supported by Hospital Employment Hospital Payroll and benefits (millions) Multiplier for Earnings Effect of Hospital Payroll and Benefits on Indiana Total Labor Income (millions) Hospital Expenditures (millions) Multiplier for Output Effect of Hospital Expenditures on Total Output in Indiana Economy (millions)

$4,266.30 $318.40 $285.60 $161.10 $152.50 $151.80 $140.00 $131.40 $110.20 $2,268.00

Source: American Health Care Association, dollar figures in millions County Health Rankings Indiana Source: American Health 2011: Care Association, dollar figures in millions

$105

The maps on this page display Indiana’s counties divided

HEALTH INSURANCE into groups by health rank. The lighter colors indicate BYbetter STATEperformance – 2010 in the respective summary rankings.

Maps help lo counties in th similar to the factors and h

% POP. W/O the distribution of summary health The green map shows STATE HEALTH INSURANCE outcomes. The blue displays the distribution of the Illinois summary rank13.90% for health factors. Amount typical Hoosier 13.20% Indiana is paying a month for 16.10% Kentucky single healthcare cover12.70% Michigan 12.90% Ohio age.

Source: americashealthrankings.org Source: americashealthrankings.org

Nyhart 2011 Indiana Healthcare Benefit Survey

ALT H O UT CO M E S HEALTHYHE COUNTIES

8.56% $7,277.0 1.736 $12,633.0 $14,947.0 2.114 $31,598.0

Source: American Hospital Association

ECONOMIC IMPACT OF INDIANA LONG-TERM CARE FACILTIES – 2009

Output Labor Income Jobs

DIRECT

INDIRECT

INDUCED

TOTAL

% OF TOTAL STATE ECONOMIC ACTIVITY

$4,266.30 $2,375 74,580

$1,330.90 $360.20 10,140

$2,388.10 $722.60 20,660

$7,985.30 $3,458.20 105,308

3.0% 2.5% 3.0%

Source: American Health CareHealth Association, dollarAssociation, figures in millionsdollar figures in millions Source: American Care

ECONOMIC IMPACT OF OFFICE-BASED PHYSICIANS BY STATE Total Number of Physicians Total Number of Jobs Supported Average per Office-Based Physician Total Sales Revenue Generated* Total Wages & Benefits Supported** Total State & Local Tax Revenue Generated

INDIANA

ILLINOIS

OHIO

MICHIGAN

KENTUCKY

11,549 66,409 5.8 $14.7 $9.6 $581.4

26,917 155,690 5.8 $43.0 $27.8 $1,840.0

24,107 139,373 5.8 $33.9 $21.5 $1,610.0

21,091 121,419 5.8 $31.2 $20.1 $1,430.0

7,996 45,273 5.7 $9.7 $6.1 $392.4

* figures in billions * figures in billions ** figures in millions ** Source: figures in millions American Medical Association Source: American Medical Association

56

Source: University of Wisconsin, Robert Wood Johnson Foundation, 2011 County Health Rankings

Healthcare benefit costs in Indiana increased

6.9% (single coverage) and 8% (family coverage) in 2011.

Nyhart 2011 Indiana Healthcare Benefit Survey www.buildingindiananews.com

INDIANA’S BUSIEST HOSPITALS – 2011 HOSPITALS

STAFFED TOTAL BEDS DISCHARGES

CITY

IU Health Methodist Hospital Saint Vincent Hospital Deaconess Hospital Parkview Hospital Methodist Hospitals Northlake Campus Lutheran Hospital of Indiana Community Hospital Wishard Memorial Hospital Memorial Hospital Saint Mary’s Medical Center

Indianapolis Indianapolis Evansville Fort Wayne Gary Fort Wayne Munster Indianapolis South Bend Evansville

1,510 750 497 608 617 403 395 389 365 433

56,086 28,567 22,678 20,365 17,321 20,792 20,283 17,582 19,974 15,709

PATIENT DAYS 341,197 165,524 110,545 110,195 100,630 98,387 97,021 81,823 80,108 78,796

GROSS PATIENT REVENUE ($000) $4,185,542 $2,225,362 $1,338,814 $1,240,013 $686,281 $1,338,067 $921,951 $777,903 $859,039 $966,982

Over one million patients were monitored in the Indiana Health Information Exchange’s quality analytics program in 2010, helping physicians to proactively manage patients with chronic diseases.

Source: American Hospital Directory, Inc. Statistics for non-federal, short-term, acute hospitals. Data short-term, are based on eachacute hospital’scare most recent Medicare cost report.

Source: American Hospital Directory, Inc. Statistics for care non-federal,

Source: Indiana Health Information Exchange

hospitals. Data are based on each hospital’s most recent Medicare cost report.

TOP 10 STATES WITH THE SMALLEST RISE IN OBESITY AND HYPERTENSION RATES – 1995-2010 RANK 1 2 3 4 5 6 7 (t) 7 (t) 9 (t) 9 (t)

STATE Washington, D.C. Colorado Connecticut Vermont Alaska New York Minnesota Massachusetts Montana Indiana

% OBESITY INCREASE 9.0% 9.2% 10.0% 10.1% 10.2% 10.4% 10.7% 10.7% 10.8% 10.8%

STATE Colorado Minnesota Utah Indiana Idaho Oregon (t) North Dakota (t) Kansas (t) Vermont Massachusetts

ACCESS TO SELECTED EMPLOYMENT BENEFITS – 2011 PRIVATE INDUSTRY

% HYPERTENSION INCREASE 0.0% 1.2% 1.8% 2.7% 2.9% 3.0% 3.0% 3.0% 3.2% 3.5%

STATE/LOCAL GOVERNMENT

PAID PAID PAID SICK LEAVE VACATION PERSONAL LEAVE

PAID PAID PAID SICK LEAVE VACATION PERSONAL LEAVE

All Workers

63%

77%

38%

89%

60%

50%

Full Time Part Time

75% 27%

91% 37%

45% 19%

98% 41%

67% 21%

64% 29%

Union Nonunion

71% 62%

90% 76%

49% 37%

97% 83%

57% 62%

70% 49%

Source: Bureau of Labor Statistics National Compensation Survey, March 2011 Source: Bureau of Labor Statistics National Compensation Survey, March 2011

Source: The Robert Wood Johnson Foundation Source: The Robert Wood Johnson Foundation

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GREEN AND SUSTAINABLE TOP 10 INDIANA COUNTIES IN PRODUCTION OF CORN, SOYBEANS AND WHEAT - 2010 CORN RANK 1 2 3 4 5 6 7 8 9 10

SOYBEANS

WINTER WHEAT

COUNTY PRODUCTION Montgomery 6,247 Benton 5,679 Clinton 5,484 Rush 5,425 Knox 5,329 Grant 5,325 White 5,298 Wells 5,149 Boone 5,129 Randolph 5,095

COUNTY PRODUCTION Jasper 25,995 White 25,890 Benton 21,400 Montgomery 21,050 Clinton 20,261 Knox 19,658 La Porte 19,100 Pulaski 18,401 Tippecanoe 18,352 Newton 17,890

COUNTY Posey Gibson Allen Knox Adams Jay Wells De Kalb Wabash La Porte

PRODUCTION 736 722 705 571 466 460 398 389 377 330

Source: USDA, figures in thousands of bushels

INDIANA IS THE

5th largest ethanol-producing state in the U.S. with 7.5% of the market.

Source: Indiana Corn Marketing Council, informa economics

Source: USDA, figures in thousands of bushels

ALTERNATIVE FUELING STATIONS BY TYPE AND STATE – 2011 STATE B20 Michigan 17 6 Illinois 4 Indiana 22 Ohio 4 Kentucky

CNG 16 25 9 9 0

E85 177 218 153 74 28

ELEC 249 123 13 31 0

HY 5 1 0 1 0

LNG 0 0 0 0 0

LPG 65 72 51 65 20

TOTAL 469 445 230 202 44

Key: CNG-Compressed Natural Gas, E85-85% Ethanol, LPG-Propane, ELEC-Electric,

Key: CNG - Compressed Natural Gas, E85 - 85% Ethanol, LPG - Propane, B20-Biodiesel, HY-Hydrogen, LNG-Liquefied Natural Gas ELEC Electric, B20 - Biodiesel, HY -asHydrogen, Source:-U.S. Energy Information Administration, of Sept. 2011 LNG - Liquefied Natural Gas Source: U.S. Energy Information Administration, as of Sept. 2011

41,000

INDIANA WIND POWER BY THE NUMBERS – 2010 Currently Online U.S. Rank Added in 2010 Added in 2009 Wind Projects in Queue % Indiana Power Provided by Wind Annual Property Tax Payments by Wind Project Owners Annual Land Lease Payments

1,339 megawatts (MW) 12 303 MW 905 MW 8,426 MW 2.4% $21 million $4 million

Source: American Wind Energy Association Source: American Wind Energy Association

INDIANA AVERAGE $0.10 $0.09 $0.06

U.S. AVERAGE $0.12 $0.11 $0.07

Source: U.S. Energy Source: U.S. Energy InformationInformation Administration, July 2011 Administration, July 2011

58

58 290 149 799 50 million lbs.

1,269 tons 24 0

Source: Indiana Department of Environmental Management

Source: Indiana Department of Environmental Management

COMPANY

Source: Indianapolis Airport Authority

END-USER Residential Commercial Industrial

Hazardous waste sites eliminated or controlled State Cleanup program sites completed Voluntary Remediation Programs launched Voluntary Remediation Program sites completed Illegally dumped tires cleaned up VX nerve agent destroyed Counties/townships in violation of air quality standards – 2005 Counties/townships in violation of air quality standards – 2009

INSTALLED ETHANOL CAPACITY IN INDIANA

Number of solar panels being installed on 60 acres at the Indianapolis International Airport.

The solar farm is expected to annually produce more than 15 million kilowatt hours of electric energy, enough to power more than 1,200 average American homes for a year.

AVERAGE PRICE OF ELECTRICITY PER KILOWATT HOUR BY END-USER

INDIANA DEPARTMENT OF ENVIRONMENTAL MANAGEMENT ACTIVITIES SINCE 2005

In May 2011, Indiana enacted a voluntary Clean Energy Portfolio Standard that sets a goal of 10 percent of the state’s electric generation to come from clean energy sources by 2025.

Source: American Wind Energy Association

Abengoa Bioenergy Corp.

Aventine Renewable Energy, LLC Cardinal Ethanol Central Indiana Ethanol, LLC Green Plains Renewable Energy Iroquois Bio-Energy Company, LLC New Energy Corp.

Poet Poet Poet/Premiere Ethanol Poet/Ultimate Ethanol The Andersons Clymers Ethanol, LLC Valero Renewable Fuels Total Installed Capacity

LOCATION

PRODUCTION

Mt. Vernon Mt. Vernon Harrisville Marion Bluffton Rensselaer South Bend Cloverdale North Manchester Portland Alexandria Clymers Linden

88 110 100 40 101 40 102 90 68 68 68 110 110 1,095

Source: Indiana CornCouncil, Marketing Council, informa economics, Source: Indiana Corn Marketing informa economics, production figures in millions of gallons per year production figures in millions of gallons per year

ECONOMIC IMPACT OF INDIANA’S ETHANOL INDUSTRY – 2011 Capital Investment New Employment Increased Economic Activity (Sales) Contribution to Indiana’s Gross State Product Increase Household and Farmer Income Increased State and Local Tax Collection Increased Cropland Appreciation Gasoline Cost Savings Capital Investment of On-Farm Grain Storage Lower Cost Feed Ingredient Alternative (DDGS)

IMPACT

FREQUENCY

$1,501.0 3,486 $3,198.0 $497.0 $253.0 $45.0 $683.0 $27.0 $160.0 $61.0

one time permanent jobs per year per year per year per year one time per year one time per year

Source: Indiana Corn Council, Marketing Council,dollar dollar figures Source: Indiana Corn Marketing informa economics, figures in millionsin millions www.buildingindiananews.com

LIFELONG LEARNING Enrollment at Ivy Tech Community College has increased

GRADUATION RATES PER 100 STUDENTS WHO ENROLL IN COLLEGE TWO-YEAR PUBLIC COLLEGE STATE FULL-TIME PART-TIME Illinois 14 2 Ohio 7 1 Indiana 4 2 Kentucky 7 2

TOTAL 16 8 6 9

FOUR-YEAR PUBLIC COLLEGE FULL-TIME PART-TIME 25 0 32 0 32 1 25 0

TOTAL 25 32 33 25

GRAND TOTAL 41 40 39 34

73%

over the past seven years.

Source: Complete CollegeCollege America America Source: Complete

Source: Ivy Tech Community College

PERCENT OF MEDIAN FAMILY INCOME NEEDED TO PAY FOR COLLEGE

EXPENDITURE PER PUPIL IN FALL ENROLLMENT IN PUBLIC ELEMENTARY AND SECONDARY SCHOOLS STATE 2003-04 Illinois $8,606 Indiana $8,431 Kentucky $7,809 Michigan $9,094 Ohio $9,029

2004-05 $8,896 $8,919 $7,876 $9,340 $9,330

2005-06 $9,113 $8,929 $8,158 $9,575 $9,692

2006-07 $9,596 $9,080 $8,235 $9,922 $9,940

2007-08 $10,353 $8,867 $7,940 $10,075 $10,340

STATE

2008-09 $11,592 $9,254 $9,038 $10,373 $10,902

Kentucky Indiana Illinois Michigan Ohio

RANK COLLEGE 1 2 3 4 5 6 7 8 9 10

STATE

University of Notre Dame Case Western Reserve University Carleton College South Dakota School of Mines & Technology Illinois Institute of Technology Rose-Hulman Institute of Technology Missouri University of Science and Technology University of Illinois at Urbana-Champaign Denison University Ohio Northern University

Indiana Ohio Minnesota South Dakota Illinois Indiana Missouri Illinois Ohio Ohio

TWO-YEAR COLLEGE 13.0% 14.5% 13.1% 13.5% 15.8%

16.5% 18.4% 21.3% 21.6% 21.6%

Source: National for Higher Source: TheThe National Center forCenter Higher Education Management Systems Education Management Systems

Source: National Center for Education Statistics Source: National Center for Education Statistics

TOP 10 MIDWESTERN COLLEGES BY SALARY POTENTIAL

FOUR-YEAR COLLEGE

STARTING MEDIAN PAY

MID-CAREER MEDIAN PAY

$52,900 $52,600 $42,800 $56,700 $52,000 $60,700 $58,600 $51,500 $40,600 $44,800

$107,000 $101,000 $98,300 $96,300 $96,000 $95,800 $94,400 $94,300 $94,000 $92,900

Source: payscale.com 2011 Source: payscale.com 2011 College SalaryCollege Report Salary Report

INDIANA’S RANK IN JOBS FORECASTED FOR 2018 BY EDUCATION LEVEL EDUCATION LEVEL

JOBS

High school dropouts 330,000 High school graduates 1,132,000 Some college, no degree 291,000 Associate’s degree 696,000 Bachelor’s degree 527,000 Graduate degree 234,000

RANK 22 7 26 27 42 40

Source: The Georgetown University Center on Education and the Workforce

Source: The Georgetown University Center on Education and the Workforce

INDIANA SCHOOLS EXPENDITURE BREAKDOWN – FY 2010

School Administration 4.4%

By 2012

40%

of factory floor jobs will require some form of postsecondary education, as will 60% of new jobs and 90% of the fastest-growing jobs.

Source: Indiana University

www.buildingindiananews.com

Other Student Instructional Support 3.3% Student Academic Achievement 50.9%

Corporation Administration 4.7% Other Overhead and Operational 18.0%

TOTAL FY 2010 EXPENDITURES: $11,776,661,555

The MBA program at Notre Dame’s Mendoza College of Business was ranked

4th Non-Operational 18.6%

Source: Indiana Department of Education Source: Indiana Department of Education

worldwide this year by The Aspen Institute for ethics and social responsibility.

Source: Notre Dame

59

WELCOME CENTER ARTS EMPLOYMENT BY REGION – 2009 REGION 1 2 3 4 5 6 7 8 9 10 11 12

EMPLOYERS 1,001 1,015 1,047 646 664 250 3,002 493 373 501 140 383

JOBS 5,248 4,665 4,570 2,464 3,490 3,490 20,117 1,734 919 2,335 383 1,299

Travel Spending Travel Tax Receipts Travel Employment Travel Payroll

2008 $9,222.40 $1,267.10 99.9 $1,998.50

2007 $8,794.80 $1,243.80 98 $1,938.00

2006 $8,377.50 $1,192.80 95.8 $1,843.40

2005 $7,847.10 $1,146.80 94.9 $1,776.00

TOURISM’S IMPACT ON HAMILTON COUNTY – 2009

Data collected nationally from 90,000 attendees at a range of arts events reveal an average spending of

$27.79 per person not including the price of admission. Non-local attendees spent nearly twice as much as local attendees, $40.19 compared to $19.53.

Total Visitors Total Direct Expenditures Food & Beverage Lodging Shopping Total Tax Revenues Local State Direct and Indirect Jobs

2,000,000 $263.7 million $75.2 million $64.6 million $50.9 million $48.0 million $16.8 million $31.2 million 5,100 +

Source: Hamilton County CVB, December 2010 Source: Hamilton County CVB, updated updated December 2010

SPENCER COUNTY tourism-related businesses invested more than

$9 million

in restorations, expansions and new facilities in 2011.

Source: Spencer County Visitors Bureau

THE INDIANA PETE DYE GOLF TRAIL COURSE Mystic Hills Kampen Course at the Birck Boilermaker Golf Complex Plum Creek The Fort Brickyard Crossing The Pete Dye Course at French Lick Maple Creek Golf & Country Club

LOCATION Culver Lafayette Carmel Indianapolis Indianapolis French Lick Indianapolis

Source: petedyegolftrail.com Source: petedyegolftrail.com

Tourism contributes an estimated

Source: Americans for the Arts, 2007

VISITOR ACTIVITIES AT INDIANA DUNES NATIONAL LAKESHORE % 79% 78% 35% 34% 31% 18%

Source:National National Parks Conservation Association Source: Parks Conservation Association

60

2009 $8,596.10 $1,253.20 95.7 $1,881.90

Source: U.S. Travel Association, in employment millions, employment figures in thousands Source: U.S. Travel Association, dollar dollar figures figures in millions, figures in thousands

Source: Indiana Arts Commission Source: Indiana Arts Commission 2009-10 Biennial Report 2009-10 Biennial Report

ACTIVITY Hiked Trails Went to the Beach Hiked Up Mt. Baldy Went Bird-Watching Stopped at Visitor Center Rode Bicycle Trails

INDIANA TRAVEL INDUSTRY

$18.1 million

annually to the Dubois County economy.

Source: Dubois County Visitors Center

TOURISM’S IMPACT ON LAGRANGE COUNTY 2009 2005 CHANGE 1,511 1,376 +135 Total Jobs $22.60 $18.10 +$4.50 Total Wages 21.6 +$5.30 Total Tax Revenues $26.90 $112.40 $90.30 +$22.10 Total Direct and Indirect Expenditures Source: 2010 Certec study commissioned by the LaGrange

County CVB, dollar figures in millions Source: 2010 Certec study commissioned by the LaGrange County CVB, dollar figures in mi www.buildingindiananews.com

illions

ECONOMIC IMPACT OF THE ARTS IN INDIANA Arts-Related Employers Arts-Related Full-Time Jobs Total IAC Investment Total Matching Grants Generated

FY 2009 FY 2010 9,950 9,615 50,859 48,887 $4,069,635 $3,216,133 $44,406,906 $44,109,270

PREVENT WATER DAMAGE AT THE FOUNDATION!

Source: IndianaArts Arts Commission 2009-10 Source: Indiana Commission 2009-10 BiennialBiennial Report Report

Special Cast Aluminum MUNCIE/DELAWARE COUNTY TOURISM AND TRAVEL INDUSTRY ECONOMIC IMPACT Total Expenditures Direct Expenditures Indirect Expenditures Change 2006 vs. 2009 (Direct Expenditures) Change 2006 vs. 2009 (Adjusted for Inflation) Total Wages Total Taxes State Local Federal Total Employment Jobs (Direct Expenditures) Jobs (Indirect Expenditures)

2000

2008

$157,247,426 $109,526,660 $47,720,766

$186,900,847 $130,180,989 $56,719,858 2.4% -0.4% $39,579,198 $44,658,388 $16,167,986 $8,712,225 $19,778,177 3,037 2,422 615

$33,256,160 $39,172,159 $13,602,797 $7,329,956 $18,239,406 3,106 2,503 603

Source: 2009 Certec studystudy commissioned by the Muncie Visitors Bureau, dollar figures in millions Source: 2009 Certec commissioned by the Muncie

Visitors Bureau, dollar figures in millions

SOUTH BEND/MISHAWAKA AREA TOURISM AND TRAVEL INDUSTRY ECONOMIC IMPACT Total Expenditures Direct Expenditures Indirect Expenditures Change 2006 vs. 2009 (Direct Expenditures) Change 2006 vs. 2009 (Adjusted for Inflation) Total Wages Total Taxes State Local Federal Total Employment Jobs (Direct Expenditures) Jobs (Indirect Expenditures)

2007

2009

$587,116,897 $377,494,308 $209,622,589

$635,103,682 $408,348,024 $226,755,658 2.7% 0.0% $135,457,813 $160,183,398 $57,992,307 $31,249,534 $70,941,556 8,316 6,039 2,277

$125,222,972 $148,080,356 $53,610,559 $28,888,400 $65,581,397 8,302 6,029 2,273

Source: 2010 Certec study commissioned by the South Bend/Mishawaka CVB, dollar figures in millions

Source: 2010 Certec study commissioned by the South Bend/Mishawaka CVB, dollar figures in millions

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Plinths FOR TURNED & CEDAR POSTS Prices and Additional Sizes Quoted on Request • 3 1/4” x 3 1/4” x 1” • 4 1/4” x 4 1/4” x 1” • 5 1/4” X 5 1/4” X 1” • 7 1/4” X 7 1/4” X 1 3/4” • 8” X 8” X 1 3/4” • 9 1/4” X 9 1/4” X 1 3/4” • 10” X 10” X 1 3/4” • 11 1/4” X 11 1/4” X 1 3/4” • 12” X 12” X 1 3/4” • 13 1/4” X 13 1/4” X 13 1/4” • 14” X 14” X 1 3/4” • 16” X 16” X 3” • 18” X 18” X 3” • 20” X 20” X 3” • 22” X 22” X 3” • 24” X 24” X 3” • 26” X 26” X 3” • 28” X 28” X 3” • 29” X 29” X 5 1/2”

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MARKETING COST PER ADVERTISING IMPRESSION BY MEDIA TYPE MEDIA TYPE Spot Radio National Magazine Newspaper Prime Time TV Syndicated (Day) TV Cable TV (Prime Time) Advertising Specialty Internet Billboard

COST PER IMPRESSION $0.058 $0.045 $0.029 $0.018 $0.005 $0.005 $0.005 $0.003 $0.002

Source: Advertising Specialties Institute, TheCompany, Nielsen Source: Advertising Specialties Institute, The Nielsen Company, Outdoor Advertising Association America, Outdoor Advertising Association of America, Ad Age, of Columbus Dispatch Ad Age, Columbus Dispatch

IMPRESSIONS BY ADVERTISING SPECIALTY TYPE 2010 2010 IMPRESSIONS/ 2008 IMPRESSIONS/ MONTH MONTHS KEPT MONTH Bags 1,038 6.7 1,078 Caps/Headwear 476 6.7 443 Writing Instruments 363 4.6 437 Shirts 6.4 365 344 Calendars 6.7 227 295 Electronics/Computer n/a 8.1 278 Automotive n/a 4.6 265 Jackets/Hoodies/Sweatshirts/Fleece n/a 3.9 257 Desk/Office/Business Accessories 294 5.5 243 Recognition Awards/Trophies/Plaques 221 7.3 223 Glassware/Ceramics (includes Mugs) 251 6.6 198 Food Items n/a 1.0 93 Health and Safety Products n/a 4.1 86

2008 MONTHS KEPT 8.6 7.1 4.9 6.8 8.3 n/a n/a n/a 6.4 10.8 8.0 n/a n/a

Source: Advertising Specialties Institute Source: Advertising Specialties Institute

INDIANA ON FACEBOOK TOP SMALL INDIANA MARKETS FOR ADVERTISING SPECIALTIES SALES – 2010 Male 44% Female 56%

Source: socialbakers.com, as of September 2011

Source: socialbakers.com, 2011 PERCENT CHANGEasINof September MEASURED

AD SPENDING – FIRST SIX MONTHS 2011 MEDIA TELEVISION MEDIA Cable TV Network TV Spot TV3 Spanish Language TV Syndication – National INTERNET MEDIA Paid Search Display MAGAZINE MEDIA Consumer Magazines B-to-B Magazines Sunday Magazines Local Magazines Spanish Language Magazines NEWSPAPER MEDIA Local Newspapers National Newspapers Spanish Language Newspapers RADIO MEDIA Local Radio National Spot Radio Network Radio OUTDOOR FSIs Source: Kantar Media

Source: Kantar Media

62

JAN-JUNE 2011 VS. 2010 1.8% 11.8% -7.6% -0.9% 1.7% 18.5% 10.4% 8.6% 12.9% 2.9% 4.0% 1.4% -7.6% -0.7% 29.0% -0.3% 0.6% -4.9% -5.9% 1.4% 2.4% -1.6% 1.6% 11.8% -6.4%

U.S. advertising spending rose

6.5%

in 2010 to $131.1 billion.

Source: Kantar Media

NATIONAL RANK (OUT OF 100) 8 21 41 43 65

MARKET Elkhart-Goshen IN Bloomington IN Lafayette IN Anderson IN Terre Haute IN

2010 SALES $20,389,481 $10,981,897 $8,218,339 $5,280,331 $4,727,194

ASV INDEX * 179 104 73 71 49

**The Specialties Vitality the sales of promoThe AdAd Specialties Vitality Index (ASV)Index ranks the(ASV) sales of ranks promotional productsproducts in a specific city that city’s of thethat total U.S. population. tional in aagainst specific citypercent against city’s percent of the Source: Counseler Magazine total U.S. population.

Source: Counseler Magazine

TOP MID-SIZED INDIANA MARKETS FOR ADVERTISING SPECIALTIES SALES – 2010 NATIONAL RANK (OUT OF 100) MARKET 16 Evansville IN-KY 20 Fort Wayne IN 50 South Bend-Mishawaka IN-MI

2010 SALES $26,369,743 $29,637,506 $14,185,837

ASV INDEX * 132 126 78

**The AdAd Specialties Vitality Index (ASV) ranks the sales of promotional The Specialties Vitality Index (ASV) ranks the sales of proproducts in a specific city against that city’s percent of the total U.S. population. motional products Source: Counseler Magazine in a specific city against that city’s percent of

the total U.S. population.

Source: Counseler Magazine

TOP LARGE INDIANA MARKETS FOR ADVERTISING SPECIALTIES SALES – 2010 NATIONAL RANK (OUT OF 100) MARKET 7 Indianapolis-Carmel IN 11 Chicago-Naperville-Joliet IL-IN-WI 15 Louisville/Jefferson County KY-IN 38 Cincinnati-Middletown OH-KY-IN

2010 SALES $164,394,444 $854,315,440 $107,041,354 $148,391,742

ASV INDEX * 166 157 149 120

The Specialties Vitality Index (ASV) ranks the sales of pro**The Ad Ad Specialties Vitality Index (ASV) ranks the sales of promotional products in a specific city against city’s percent the total U.S. population. motional products in athat specific cityofagainst that city’s percent of Source: Counseler the total U.S.Magazine population.

Source: Counseler Magazine

In the first six months of 2011, consumers redeemed

$2 billion

worth of consumer packaged goods coupons, a 5.3% increase over the first half of 2010.

Source: NCH www.buildingindiananews.com

REGION FOCUS ECONOMIC GROWTH REGION SNAPSHOT – EGR 1 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

856,302 392,081 9.4% 155,928 1,439

% OF STATE 13.2% 12.5% 106.9% 13.9% 11.0%

TOP 9 COUNTIES BY NUMBER OF INCOMING COMMUTERS ALLEN

ELKHART

HAMILTON

Source: Indiana Department Workforce Development, Source: Indiana Department of Workforceof Development, counties include Lake, La Porte, Porter, counties include Jasper, Jasper, Lake, La Porte, Newton, Porter, Newton, Pulaski, Starke Pulaski, Starke

LAKE

MARION

MONROE

ST JOSEPH

VANDERBURGH

ECONOMIC GROWTH REGION SNAPSHOT – EGR 2 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

609,735 290,514 9.8% 108,313 836

% OF STATE 9.4% 9.2% 112.6% 9.6% 6.4%

Source: Indiana Department of Workforce Source: Indiana Department ofDevelopment, Workforce Development, counties include Elkhart, Fulton, Kosciusko, St. Joseph counties include Elkhart, Fulton,Marshall, Kosciusko, Marshall, St. Joseph

PORTER

ECONOMIC GROWTH REGION SNAPSHOT – EGR 3 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

751,789 360,842 8.9% 131,010 1,358

% OF STATE 11.6% 11.5% 102.3% 11.7% 10.4%

Source: STATS Indiana Commuting Profiles Tax Year 2008

Source: Indiana Department of Workforce Development, counties include Adams, Allen,

Source: Indiana Department of Steuben, Workforce Development, DeKalb, Grant, Huntington, LaGrange, Noble, Wabash, Wells, Whitley counties include Adams, Allen, DeKalb, Grant, Huntington, LaGrange, Noble, Steuben, Wabash, Wells, Whitley

ECONOMIC GROWTH REGION SNAPSHOT – EGR 4 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

498,085 233,290 8.7% 79,395 717

% OF STATE 7.7% 7.4% 100.0% 7.1% 5.5%

Source: Indiana Department of Workforce Development, counties include Benton, Carroll, Source: Indiana Department of Workforce Development, Cass, Clinton,include Fountain, Howard, Miami, Montgomery, Tippecanoe, Tipton, Warren, White counties Benton, Carroll, Cass, Clinton, Fountain, Howard, Miami, Montgomery, Tippecanoe, Tipton, Warren, White

ECONOMIC GROWTH REGION SNAPSHOT – EGR 5 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

1,834,672 926,202 8.4% 338,059 5,802

% OF STATE 28.3% 29.5% 96.6% 30.1% 38.8%

Source: Indiana Department of Workforce Development, counties include Boone, Source: Indiana Department of Workforce Development, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Morgan, Shelby counties include Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Morgan, Shelby

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Elkhart Evansville Fort Wayne Indianapolis Kokomo Ligonier Muncie South Bend

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REGION FOCUS TOP 10 COUNTIES BY NUMBER OF OUTGOING COMMUTERS CLARK

FLOYD

HAMILTON

HANCOCK

JOHNSON

HENDRICKS

Source: STATS Indiana Commuting Profiles Tax Year 2008

ECONOMIC GROWTH REGION SNAPSHOT – EGR 6 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

% OF STATE 5.3% 5.1% 116.1% 4.9% 2.1%

345,425 159,976 10.1% 54,818 269

Source: Indiana Department of Workforce Development, counties include Blackford,

Source: Indiana Department of Workforce Delaware, Fayette, Henry, Jay, Randolph, Rush, Union, Wayne Development, counties include Blackford, Delaware, Fayette, Henry, Jay, Randolph, Rush, Union, Wayne

ECONOMIC GROWTH REGION SNAPSHOT – EGR 7 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

227,727 105,061 10.2% 35,433 281

% OF STATE 3.5% 3.3% 117.2% 3.2% 2.1%

Source: Indiana Department of Workforce Development, counties include Source: Indiana Department of Workforce Development, Clay, Parke, Putnam, Sullivan, Vermillion, Vigo counties include Clay, Parke, Putnam, Sullivan, Vermillion, Vigo

ECONOMIC GROWTH REGION SNAPSHOT – EGR 8 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

315,912 155,081 8.0% 42,728 454

% OF STATE 4.9% 3.9% 92.0% 3.8% 3.5%

Source: Indiana Department of Workforce Development, counties include Source: Indiana Department of Workforce Development, Brown, Daviess, Greene, Lawrence, Martin, Monroe, Orange, Owen counties include Brown, Daviess, Greene, Lawrence, Martin, Monroe, Orange, Owen

Real Estate Marketplace 700 Chase St. Industrial Center FOREIGN TRADE ZONE 700 Chase St. Gary, Indiana 46404

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Phone: 312-446-7059 /219-736-0014 Website: www.commercial-adv.com Broker Name: Commercial Advantage, Inc. Email: Lori Tubbs: ltubbs@commercial-adv.com /Don H. Wagener: dwagener@commercial-adv.com Total Square Feet: 207,000 sq. ft. with Interior Rail, Three 21,800 SF Bays with Interior Rail Property Type: M-3 Industrial Description: ELECTRICAL: 3 Phase – 480 Volt Service LIGHTING: Majority is Mercury Vapo CEILING HEIGHT: 18’ to 23’

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LAKE

MARION

PORTER

8

WARRICK

Number of medals won by the Country Heritage Winery in LaOtto at the 2011 Indy International Wine Competition.

Source: Wineries of Indiana

ECONOMIC GROWTH REGION SNAPSHOT – EGR 9 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

324,556 159,588 8.2% 57,639 568

% OF STATE 5.0% 5.1% 94.3% 5.1% 4.3%

ECONOMIC GROWTH REGION SNAPSHOT – EGR 10 Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

287,330 140,985 7.6% 48,490 572

ECONOMIC GROWTH REGION SNAPSHOT – EGR 11

% OF STATE 4.4% 4.5% 87.4% 4.3% 4.4%

Source: Indiana Department of Workforce Development, counties include Bartholomew, Source: Indiana Department of Workforce Development, counties include Source: Indiana Department of Workforce Development, Source: Indiana Department of Workforce Development, Dearborn, Decatur, Franklin, Jackson, Jefferson, Jennings, Ohio, Ripley, Switzerland Clark, Crawford, Floyd, Harrison, Scott, Washington counties include Bartholomew, Dearborn, Decatur, Frankcounties include Clark, Crawford, Floyd, Harrison, Scott, lin, Jackson, Jefferson, Jennings, Ohio, Ripley, Switzerland Washington

Population (2010) Total Resident Labor Force (2010) Unemployment (Aug 2011) School Enrollment (2010-11) Residential Building Permits (2010)

432,269 218,649 7.3% 71,546 787

% OF STATE 6.7% 7.0% 83.9% 6.4% 6.0%

Source: Indiana Department of Workforce Development, counties include Source: Indiana Department of Workforce Development, Dubois, Gibson, Knox, Perry, Pike, Posey, Spencer, Vanderburgh, Warrick counties include Dubois, Gibson, Knox, Perry, Pike, Posey, Spencer, Vanderburgh, Warrick

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65

The Last Word Women Make You Better Gender diversity in the workplace has been shown to boost profits and improve decision-making.

By Melanie Morgan Dunajeski, Attorney, Drewry Simmons Vornehm, LLP

I

f you could do one thing to increase your company’s profitability, improve the quality of decisionmaking on your teams, and access a previously untapped stream of business contacts and referrals, would you do it?

Recent studies from leading institutions including the Massachusetts Institute of Technology (MIT), Carnegie Mellon and Pepperdine University may point to one solution.

Hire women. Train women. Promote women. Elect women to your Boards of Directors.

Female employment in the construction industry has historically been lower than other segments of the economy. U.S. Census statistics cited by the National Association of Women in Construction (NAWIC) suggest that although female construction employment is growing, the workforce in the construction sector was comprised of 90.4 percent men and only 9.6 percent women as of 2006.

Even setting aside the frequently used argument that some physical barriers exist to women in the heaviest of general construction labor, how do we explain the fact that the same disparity exists at the professional and managerial level? The better question is how much does this disparity impact the bottom line?

Consider the MIT/Carnegie Mellon study of collective intelligence alluded to above. Subjects were given standardized

intelligence tests and then assigned randomly to teams. The teams were given tasks including brainstorming, decision making, visual puzzles, and complex problem solving. Based on their performance, “group” intelligence scores were calculated.

More Women, More Success Conventional wisdom would lead one to surmise that the teams with the higher

The 25 best firms for women outperformed industry medians by whopping margins, whether calculated by revenue, assets, or equity.

- The European Project on Equal Pay, 2001 IQ individuals would earn higher “group” intelligence scores, but the researchers found that “group intelligence” had relatively little to do with the individual intelligence of the group members. Their unconventional (and unexpected) findings were that the teams that scored much higher were the teams that had more women! As Thomas Malone, one of the study’s authors concluded, “Having a bunch of smart people in a group doesn’t necessarily make the group smart.”

Other studies conducted throughout

the last decade tracked the profitability of Fortune 500 companies and found similarly strong correlation between profitability and having high-level female executives.

Pepperdine University Professor Roy D. Adler conducted a massive study with data extending over a 22-year period. The first study in 2001 (The European Project on Equal Pay) concluded that the 25 best firms for women outperformed industry medians by whopping margins, whether calculated by revenue, assets, or equity.

Four subsequent studies replicated these results.

A fifth study conducted in 2008 further honed the research criteria to eliminate possible biases in the data, but the results showed the same correlation between having high-level women in the mix and higher profitability.

Diversity Improves a Company These thought-provoking studies add one more thread to the whole cloth of gender diversity in the construction industry. Making better decisions, earning more money, spreading the reach of your business to previously untapped markets through woman-to-woman networks – it all makes sense in an industry where women comprise less than 10 percent of the workforce and where slim margins make the difference between survival and success.

So what’s holding you back?

The opinions expressed in this article are the views of the authors. We welcome your response.

If you are interested in writing an opinion piece, send an e-mail to editor@buildingindiananews.com.

66

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“A

SURE FOUNDATION INSPIRES CONFIDENCE, ENCOURAGES CREATIVE THINKING, AND ENABLES US ALL TO ACHIEVE WONDERFUL THINGS….”

THE AMERICAN GROUP

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FOUNDATION STONES OF

The business of The American Group of Constructors shall be evidenced by the following values: • Determination in our Commitment to Safety Allowing a TAG Employee to be placed in harm’s way is unacceptable. We will place the safety of our Employees before profit, before any project, and before any potential customer.

• Pride in our Workmanship The finished product of an American Group of Constructors project will be held to the strictest of standards, meeting or exceeding all of the expectations of our Customer.

• Trust in our Relationships Our Customers, Vendors, and Employees must know that we fulfill our commitments, meet our schedules, and make honesty our watchword.

• Care in our Stewardship We will preserve and grow those things placed in our trust. We will be good stewards regarding: the well-being of our Employees; the state of our finances; the natural environment in which we work and live; and the knowledge which we can share regarding our fields of expertise.

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