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Growth By Design.

Growth By Design. THE BUSINESS CASE FOR COLUMBUS, INDIANA. Community Columbus, IN offers: A beautiful world-class international community that is pro-business, progressive, dynamic and growing An outstanding cost-effective business environment Close to major customers

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Growth By Design.

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  1. Growth By Design. THE BUSINESS CASEFOR COLUMBUS, INDIANA

  2. Community • Columbus, IN offers: • A beautiful world-class international community that is pro-business, progressive, dynamic and growing • An outstanding cost-effective business environment • Close to major customers • Close to major research institutions • Close to major universities that supply science and engineering graduates

  3. Where In The World Is Columbus, Indiana

  4. Community • Population of Columbus is 40,000 • County (Bartholomew) population is 70,000 • Manufacturing is main industry. Two Fortune 500 companies – Cummins Engine Co. (diesel engines) and ArvinMeritor (auto parts) • Also, a regional retail, educational and medical center • In 1994, Columbus, Indiana was one of ten cities in the United States awarded “All America City” status

  5. Community - continued • Columbus has the best business climate in Indiana: • Ranked #1 of any city under 50,000 population in Indiana • Columbus has the 30th best small community business climate in the United States • Based on a February 2002 ranking by BizDemographics of 496 small U.S. cities

  6. Community - continued Columbus is ranked 8th best small city in the United States in which to live “Life in America’s Small Cities” - Kevin Heubusch, 1997 • “National Geographic Guide To Small Town Escapes” listed Columbus, IN as one of 77 most charming small towns in the United States (2000) • Columbus was ranked one of the best small arts communities in the U.S. by John Villani in “The 100 Best Small Art Towns in Indiana”(1996 edition)

  7. Community -continued • Columbus, Indiana, Different by Design – is world-renowned as an architectural mecca. It is ranked sixth in the United States by the American Institute of Architects for innovation and design of architecture • The other top five cities are: Chicago, New York, San Francisco, Boston and Washington, D.C. • Paul Goldberger, “The New York Times” architecture critic wrote, “As a group of buildings by distinguished architects go, there is no place in the United States like Columbus, IN”

  8. Cummins Corporate Office Building by Kevin Roche

  9. The Republic News Paper by GSI Architects

  10. Fire Station No. 6 by William Tawn

  11. Second Street Bridge by J. Muller International Bartholomew Co. Memorial for Veterans by (Chicago office) Thompson and Rose

  12. Visitors Center by Kevin Roche North Christian Church by Eero Sarrinen

  13. Community - continued • Population growth (1990-2000) – 12.2% • Median Age of population – 36.2 years • Population by race and ethnicity • Caucasian 94.2% • Asian 1.9% • African American 1.8% • American Indian .1% • Other 1.0% • More than one race 1.0%

  14. Community - continued • Adults – 25 years and older • With high school diploma or higher - 84% • With Bachelors Degree or higher - 22% • Graduate/Professional Degree - 7% • Resident labor force 39,000 • Unemployment rate – (Dec. ‘03) - 3.3%

  15. Community – continued • Columbus, IN is a true international center. 29 international companies have located operations in Columbus: Country Number of Companies

  16. Community - continued • Major Employers Company # Emp. Product/Service

  17. Community - continued • Employment and earnings by industry % of % of Avg. Earn. Place of Work Workforce Earnings Per Job

  18. Industry and Economy - continued • Income - 2000 Rank in Item Columbus $ State State $ Per Capita Income $31,181 8th $27,522 Median Hhold Income $44,184 15th $41,567 Source: STATS Indiana

  19. Central Indiana Region Central Indiana represents 34% of the state’s total population and is considered the Heartland of Indiana 4 5 1 6 • * Columbus • Anderson – Delphi Electronics • Bloomington – Indiana University • Indianapolis – State Capital, Eli Lilly • Kokomo – General Motors • Lafayette – Purdue University • Muncie- Ball State University 3 2 *

  20. Region - continued • Three industry groups represent an important part of this region’s economy • Advanced manufacturing • Life Sciences • Information Technologies

  21. Region - continued • Analysis by Battelle Memorial Institute, a research institute, found that the region today has: • Two strong industry clusters in advanced manufacturing and life sciences • An emerging industry cluster in information technology • Simply defined, an industry cluster is: “A geographic concentration of similar, related or complementary firms and businesses that share infrastructure, labor markets and services.”

  22. Region - continued Central Indiana Clusters • Advanced Manufacturing • Approximately 580 advanced manufacturing firms in central Indiana • Employ 1 in 11 workers in the region (212,000+ jobs) • $9.5 million in income; $55,000 annual average wage

  23. Region - continued Central Indiana Clusters • Life Sciences • 900 companies in central Indiana employing over 83,000 people • Central Indiana has a concentration rate of life science firms 50% greater than the United States • Average annual wage of $78,600 per employee • Diverse industry supported by strong research institutions (IU and Purdue)

  24. Region - continued Central Indiana Clusters • Information Technology • Central Indiana has approximately 2,000 IT firms employing approximately 67,000+ workers • This industry grew 23% between 1989 and 1998 – slightly less than the nation • IT is an emerging cluster in the region and is a key “enabling industry” critical to the success and competitiveness of both life sciences and advanced manufacturing

  25. Region - continued Information Technology Salaries (Median) Position Midwest Northeast West Coast • Indiana has 2,000 IT companies. This is the fastest growing segment of the Indiana economy Source: DataMaster Salary Survey

  26. Region – continued IT and Software Markets • The U.S. information technology market is estimated to be $587 billion in 2000 and is the largest in the world. Forecasts, by Forrester Research, Inc., for the years 2000-2004 are: ($ in billions) 2000 2001 2002 2003 2004

  27. Region- continued IT and Software Markets • The U.S. software market is estimated to be $200 billion in 2000 – largest in the world - according to Robinson-Humphrey Equities Research, a division of SunTrust Bank

  28. Region – continued • Cost of Living Index: National Actual Average Boston San Jose Indiana

  29. Region - continued • Cost of Living • Boston, MA • To Maintain the same standard of living, a salary of $50,000 in Columbus, IN would have to increase to $75,502 in Boston, MA • Stated another way, it’s 51.0% more expense to live in Boston, MA than Columbus, IN • San Jose, CA • To maintain the same standard of living, a salary of $50,000 in Columbus, IN would have to increase to $102,112 in San Jose, CA • Stated another way, it’s 104.2% more expense to live in San Jose, CA than in Columbus, IN

  30. Location • To successfully penetrate the advanced manufacturing, life sciences and information technology markets in the U.S. will require a physical presence in the United States • A location close to your customers and major research universities will be key factors in achieving success

  31. Location - continued Community of Columbus, Indiana is located in the Midwest

  32. Location - continued • Located within one day’s drive or 1-2 hour flight (1,000 kilometers)are: • 201 of Fortune 500 company headquarters locations • 65% of U.S. population • 12 major research universities • By contrast, West Coast has only 67 Fortune 500 company headquarter locations while the East Coast has only 112 headquarters locations • Midwest air transportation networks allow easy, quick access to both East and West Coasts

  33. Location - continued • Midwest location allows easy access to major university research institutions such as: Purdue University Ohio State University (computer graphics) University of Chicago University of Illinois (Netscape) Michigan University University of Wisconsin Case Western University University of Minnesota Northwestern University Washington University (St. Louis) University of Cincinnati Carnegie – Mellon University • Purdue University is a premier engineering and life science research institution and graduates more IT graduates than any other university in the United States

  34. What We Want • Advanced manufacturing, life science and information technology companies to locate in Columbus, Indiana • Research and development • Product development • Sales • Service and support • Further develop advance manufacturing, life science and information technology clusters in Columbus

  35. What Columbus Offers • World-class educational facilities • Local campuses of Indiana University, Purdue University and Indiana Vocational Technical College • 3,600 students enrolled • Course offerings focus on Computer Science, Engineering and technology • 130,000 sq. ft. expansion of educational facilities which will increase: • Computer science and engineering courses • Labor pool of well-trained and technically competent graduates

  36. What Columbus Offers - continued Columbus Enterprise Development Center (CEDC) • Small Business Incubator • 30,000 square foot facility offers low cost office space • Provides assistance in business planning and marketing • Facilitate development of strategic business alliances • Services include conference room, business library, computer lab and secretarial services • Wireless Internet connections • Fiber optic availability

  37. What Columbus Offers -continued • Quality of Life • Regional center for arts • International businesses • World class contemporary architecture • Close to three major universities • Indiana is the “Crossroads of America” • Four major interstate highways • Allows easy access to major cities

  38. What Columbus Offers - continued • InfoTech Park: • This beautiful 70-acre industrial park is located at the Columbus Municipal Airport • Ideally suited to meet your information technology needs • Fiber optic cable • Wireless Internet connectivity • Adjacent to the InfoTech Park are the Columbus Campuses of Indiana University, Purdue University and Ivy Tech State College and the Columbus Enterprise Development Center (business incubator)

  39. What Columbus Offers - continued World Class Telecommunications Infrastructure “State-of-the-art” optical broadband service capability throughout InfoTech Park area; provides for readily available and redundant network services Businesses in Columbus have access to the same leading edge network services as anywhere in the United States

  40. What Columbus Offers - continued Columbus, Indiana’s SBC Network • Over 7,500 fiber strand miles in the Columbus area • “State-of-the-art” Digital Central Office equipment • Interoffice survivability due to new SONET networks, bringing increased network reliability for Columbus businesses • A Columbus-based team for Engineering, Installation, Maintenance, and Construction

  41. What Columbus Offers - continued Moving Data from Columbus Columbus is host to SBC national voice and data network nodes: • IP Node • ATM Switch • Dedicated Internet Access Switch • Long Distance POP Providing Columbus businesses flexible national and international connections

  42. What Columbus Offers - continued Columbus offers businesses… Access to a complete portfolio of broadband solutions that are: • Highly Reliable • Scalable and Secure • Redundant Remember, Businesses in Columbus have access to the same leading edge network services as anywhere in he United States

  43. Incentives • Both state and local incentives are offered in the areas of: • Tax reductions • Training grants • Infrastructure grants • Loan guarantees • These incentives are competitive with other Midwestern states

  44. Summary • Columbus, IN offers: • A beautiful world-class international community that is pro-business, progressive, dynamic and growing • An outstanding cost-effective business environment • Leading-edge network services

  45. Summary • State-of-the-art broadband service • Close to major customers • Close to major research institutions • Close to major universities that supply science and engineering graduates

  46. Summary - continued • For any technology company locating in Columbus, IN, we promise to help you connect with customers, major research institutions, venture capital and other technologies that may be of interest to you • Columbus cares. We will support and nurture your growth

  47. Columbus Economic Development Board 500 Franklin Street Columbus, IN 47201 Tel: 812-378-7300, Ext. 231 Fax: 812-372-6756

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