16 TECH INNOVATION COMMUNITY Indiana Life Sciences Summit 1 Talent - PowerPoint PPT Presentation

16 TECH INNOVATION COMMUNITY Indiana Life Sciences Summit 1

Talent is The Key to Indy’s Economic Growth “…all successful cities do have something in common. To thrive, cities must attract smart people and enable them to work collaboratively. There is no such thing as a successful city without human capital.” – Dr. Glaeser, Triumph of the City At its heart, 16 Tech is a place dedicated to and designed for talent development, retention and attraction. 2

Indy Metro Demonstrating Solid Job Growth • Employment trends beat national averages from 2009-2013 • Employment in Advanced Industries grew faster than the national average (7.7% Indy Metro versus 6.7% nationally) • Indy doubled the national rate of high skilled job growth (12% Indy Metro) 12% Indy Metro Empl Ch. 2009- 9.8% 10% 13 8.4% US Empl Ch. 7.7% 8% 2009-13 6.7% 5.4% 5.5% 6% 4.7% 3.6% 4% 2% 0% 3 Total Private Sector Sheltered/Amenity Advanced Industries Advanced Business & Industries Health Services

Underlying Data Suggests Long Term Concerns • All of the region’s net employment gain in Advanced Industries has been in the suburbs while Marion County remains flat (-0.1%) • Innovation capital highly uncompetitive versus the nation at only 20% of the national average in VC funding per 1,000 residents from 2012 to 2014 4

Indy Lags Competitive Metros in Talent Growth Growth in highly educated population over age 25 (Bachelor’s Degree and above), 2009– 2013 Pittsburgh Metro 17% U.S. 11% Denver Metro 15% Nashville Metro 13% Indiana 9% Baltimore Metro 11% Columbus Metro 9% Indy Metro 7% Indy Metro 7% 0% 2% 4% 6% 8% 10% 12% 0% 5% 10% 15% 20% Source: U.S. Census Bureau, American Community Survey., Battelle 5

Indy Similarly Outpaced in Talent Retention Urban core performance measures for benchmark regions Indy Metro Baltimore Columbus Denver Nashville Pittsburgh Performance Measures Urban Core Urban Core Urban Core Urban Core Urban Core Urban Core Advanced Job Growth from 2009 – Industries -0.1% -8.5% 5.7% 14.6% 6.2% 9.8% 2013 (% change) Share of Metro Advanced 67% 14% 64% 31% 32% 62% Industries Employment Total 4% -2% 5% 6% 4% 1% 20-24 years old 15% 5% 17% 7% 9% 5% Growth in population 25-34 years old 0% 0% -5% 7% 5% 9% Highly educated 3% 9% 9% 20% 11% 17% Highly educated foreign- 2.016 3,230 1,577 1,042 1,899 9,477 born Net migration to other states of -5,353 -2,281 -5,429 17,890 4,115 -247 highly educated Source: Battelle 6

Building a World-Class Innovation Community • Regional hub for multi-sector entrepreneurship and innovation • Destination for global talent and opportunity • Place of access and opportunity for neighboring residents • Active, dense, work-live-play urban environment • Place of collaboration driven by region’s strength in the Advanced Industries 7

16 Tech Desired for Years 1899 City Map - Site has been source of water since 19 th century. Gent Avenue once continued south past Indiana Avenue. 1909 Parks Map – Site is at a major confluence of greenways, boulevards, and parks within George Kessler’s proposed city-wide system. 8

Indiana Biosciences Research Institute Mission • Become the leading industry driven research institute in the discovery and development of innovative solutions to improve metabolic health and nutrition Vision • Build a world-class organization of researchers, engineers, and business professionals that catalyze activities across the Indiana (and beyond) life sciences community • Scientific excellence Values • Entrepreneurial mindset • Collaborative nature

IBRI Stakeholders

COLLEGES, HOSPITALS, & INSTITUTIONS

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Connecting Ideas, Research & Talent to 16 Tech 13

PUBLIC REALM PHASE 1 STREET & OPEN SPACE NETWORK: • NEW NORTH-SOUTH STREET AND BRIDGE OVER FALL CREEK • CENTRAL GREEN SPACE • PRESERVE AS MANY BUILDINGS AS POSSIBLE • IMPROVE CONNECTIONS TO HOSPITALS AND IUPUI TO SOUTH 14

PHASE 1 BUILDING USES PHASE 1 DEVELOPMENT PROGRAM: • KEY AMENITIES • MAKER SPACE • MEETING HALL • WET LAB SPACE • INCUBATOR/START-UP SPACE • BRIDGE: DINING, RETAIL, & RECREATION • 1.68M SF OF DEVELOPMENT RESEARCH/ INNOVATION: 715K SF RESIDENTIAL: 450K SF (360 D.U.) RETAIL: 150K SF HOTEL: UP TO 180K SF (300 KEYS) FLEX/AMENITY: 183K SF PARKING: 3600 CARS P 15

FULL BUILD OUT USES FULL BUILD-OUT DEVELOPMENT PROGRAM: MAKER COMMUNITY TOWARDS 16 th STREET • (TINKER STREET) • HIGHER DENSITY CORPORATE CAMPUS TOWARDS SOUTHEAST OF SITE • 5.4M SF OF DEVELOPMENT (INCL. PH 1) RESEARCH/ INNOVATION: 2.8M SF RESIDENTIAL: 1.7M SF (1400 D.U.) RETAIL: 250K SF HOTEL: UP TO 300K SF (480 KEYS) FLEX/AMENITY/MAKER: 350K SF PARKING: 10,200 CARS 16

THE MAIN HUB IBRI BUILDING, LAB SPACE, INCUBATOR, MAKER SPACE, & MEETING HALL 17

16 Tech Job Impact by Skill Level & Sector* • Over the first, ten-year phase, an estimated 2,678 jobs are created Percentage of Percentage of Employment by Skill Level Employment by Sector Business Services 10% Low Skill High Skill Science, Tech & 38% 39% Engineering Information 45% Technology 45% Mid Skill 23% *All figures in this document are estimates for Phase I by Battelle and are subject to change as 16 Tech develops over time.

Intentional and Sustained Community Engagement • Community Investment Fund • Perpetually funded from rents in the district upon area redevelopment • Dedicated to supporting the Northwest and Near West Quality of Life plans as well as revitalization efforts in Ransom Place • Governed by a chartered committee, including significant community representation, of 16 Tech Community Corporation Board • Job access and training programs, aligned with pathways programs, education institutions and community organizations 16 Tech will take the communities’ lead on priorities and desired support through conversations with leadership and residents 19

16 TECH - FINAL DRAFT MASTER PLAN 16 TECH INNOVATION COMMUNITY 16 TECH MASTER PLANNING | INDIANAPOLIS, IN | JUNE 2015 20