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The state of IndianaMotorsport in America Day
Tuesday 23 March 2010
MIA, Stoneleigh Park, Warwickshire
Indiana: Crossroads of America4 hoursChicago, ILCincinnati, OHColumbus, OHLouisville, KYSt. Louis, MO
8 HoursBirmingham, ALCharleston, WVCleveland, OHDes Moines, IADetroit, MIKansas City, MOMemphis, TNMilwaukee, WIPittsburgh, PA
12 hoursAtlanta, GABaltimore, MD Charleston, SCJackson, MS Raleigh, NCLittle Rock, AR Richmond, VAMinneapolis, MN Toronto, ONOmaha, NE Washington, DC
Best in Midwest for Low Taxes1st in the Midwest and 12th nationally
• Illinois (28th), Kentucky (36th), Michigan (29th), Ohio(46th)
• Fifth consecutive year of top competitiveness award
Best in Midwest for Cost of Doing Business
1st in the Midwest
& 6th nationally
Source: Forbes Best States for Business Index 2008
Diversified Economy Means: AAA Bond Rating
Best in History One of 10 States with AAA rating
• S&P cited state’s diversifying economy, budgeting,
property tax reform and low debt as rationale for upgrade
International Investment in Indiana
� $34.4 billion in international
Investment
� 139,900 Hoosiers employed
by international Investors
� Top five international investors:
United Kingdom ($ 9.8 billion)
Japan($ 9.4 billion)
Germany ($ 9 billion)
France ($ 1.2 billion)
Canada ($ 916 million)
In-Sourcing Jobs
� More than 15,800 new jobs
& $8 Billion investment from FDI
since 2005
� First in North America for attraction
of production jobs through FDI
Source: IEDC - UK Office, 2009
Motorsports in Indiana
- 1,400 motorsports companies in Indiana
- More than 50 Race Tracks, including Figure 8, Oval, Road Course, Drag Strip,
and Kart Tracks.
- Largest racing tire manufacturer in the world – Hoosier Tire
Regional Race TracksThe Indianapolis Motor Speedway
O’Reilly Raceway Park at Indianapolis
Indiana State Fairgrounds Race Course
Indianapolis Speedrome
North Track Raceway
Shelby County Speedway
Paragon Speedway
Bloomington Speedway
Anderson Speedway
Motorsports in the Indianapolis Region
� Home to World-class Motorsports Events:� Indianapolis 500
� Allstate 400 at the Brickyard
� Drag Racing’s U.S. Nationals
� MotoGP
Regional Motorsports Employers
Major Motorsports Teams
� Andretti-Green Racing
� Dryer & Reinbold Racing
� John Force Racing
� Panther Racing
� Prudhomme Racing
� Schumacher Racing
� Sinden Racing
� Tony Stewart Racing
� Pedregon Racing
� Target Chip Ganassi Racing
Major Manufacturers/ Shops� Active Sensors
� AED Products LTD
� Bishop Steering Technology
� Bruce Litton Trailers
� CL Tech, Inc.
� K-Motion Racing Parts
� Saldana Racing Products
� SPM Rods and Components
� US Auto Club
� Weld Tech, Inc.
� Hoosier Tire
Central Location to Other Race Tracks
- The Indianapolis Region is within a one-day drive of 50% of the U.S. population.
- The Indianapolis Region has the most highway convergence in the United States.
Nearest National Tracks· Chicagoland Speedway (IL)
· Route 66 Drag Park (IL)
· Gateway International Raceway (IL)
· Kentucky Speedway (KY)
· Mid-Ohio Sports Car Course (OH)
· Mansfield Speedway (OH)
· Burke Lakefront Road Course (OH)
· Michigan International Raceway (MI)
· Raceway at Belle Isle (MI)
· Nashville Super Speedway (TN)
Indianapolis Motor Speedway History
� Founded in 1909 as an automobile testing facility, it quickly became the first significant motor sports venue in the United States
� By 1910 the crushed stone and tar track was resurfaced with 3.2 million paving bricks – giving the Speedway its nickname “The Brickyard”
� Four turns – 4.02 km (2.5 mile) oval
� Infield road course added in 1998 - 4.21 km (2.6 mile) track
� Since 1909 - 243 automobile races & 136 different winning drivers
Source: IMS and Urban Land Institute, 2009.
2010 – 2011 Speedway Redevelopment
� The Speed Zone – attracting business, tourists, and residents
� Developing a business and fan friendly destination around the Indianapolis Motor Speedway
Redevelopment of four districts:� Motorsports Technology
� IMS Expansion
� Museum/Entertainment/Retail
� Town Center
Speed Zone Elements:� New Hotel/Conference Facility
� Increased Industrial Space
� More Public Gathering Space
� New Main Street Streetscape
� Public Art
� Extracted IMS Museum
Source: Urban Land Institute and American Structure Point, 2009.
IRL Contract to Build New Indycars
� Will be built in the U.S.
� 5 bidders
� Winner will be identified in May
� New opportunities for UK motorsports companies
Motorsports Higher Education Programs
- Indiana University� Sports Communications & Sports Marketing and Management
- Purdue University� Mechanical Engineering Technology
- Indiana University – Purdue University Indianapolis� Motorsports Engineering & Mechanical Technology
- Indiana State University� Motorsports Management & Business
- Marian College� Motorsports Management & Business
- Indianapolis University� Sports Marketing
- Ivy Tech Community College of Indiana� Motorsports Fabrication & Performance Technology
� Applied Science in Motorsports
Engineering Schools in Indiana1. Indiana Institute of Technology
2. Indiana University- Purdue University
Fort Wayne
3. Indiana University- Purdue University
Indianapolis
4. Purdue University
5. Purdue University Calumet
6. Rose- Hulman Institute of Technology
7. Tri- State University
8. University of Evansville
9. University of Notre Dame
10. Valparaiso University
11. University of Southern IndianaSource: IEDC - UK Office, 2009
Indiana’s Clean Tech Leaders
Transmission & Smartgrid
Duke Vectren AEP Delphi
NiSource Johnson Controls
IPL GE Energy Midwest ISO
Energy Storage & Distributed Power
EnerDel
Caterpillar
Altairnano
GE Energy
Johnson Controls
Duke Energy
I-Power
Raytheon
Rolls Royce
NSWC Crane
SAIC
Advanced Technology Vehicles
Bright Automotive Toyota Delphi
SIA Allison Transmission Cummins
AM General Remy International PCI, etc.
GM PowerTrain Honda Think
Recovery Act Grants
$416,100,000TOTAL
$6,100,000Advanced Electric Drive Vehicle Education Program
West Lafayette, INPurdue University
$39,200,000Develop, validate, and deploy 400 advanced battery electric delivery trucks with a 100 mile range.
Elkhart, INNavistar, Inc
$62,800,000Increasing U.S. capacity to manufacture hybrid systems for the commercial truck market.
Indianapolis, INAllison Transmission, Inc.
$89,300,000Expansion of manufacturing for existing electric-drive power electronics components for both passenger and commercial vehicles.
Kokomo, INDelphi Automotive Systems, LLC
$40,000,000Increasing production capacity of advanced automotive electric-drive system component manufacturing plants located in the U.S.
Muncie, INMagna E-Car Systems of America, Inc.
$60,200,000Establishing a standardized platform of hybrid electric motors and controls.
Anderson, IN; Morristown, IN; Greenfield, IN; Indianapolis, IN
Remy, Inc.
$118,500,000 Production of lithium-ion cells and
packs for hybrid and electric
vehicles.
Indianapolis, IN EnerDel, Inc.
Amount Purpose Location Recipient
Recent Announcements
� Bright Automotive lands military contract (October 2009)Anderson, Indiana based Bright Automotive Inc. has launched an eSolutionsinitiative in conjunction with a military contract that involves using the company’s technology to pump power back into the electric grid.
� Think will build electric cars (January 2010)
Elkhart, Indiana has been chosen as the site for Think North America to invest more than $ 43 million into their manufacturing facility where they will build electric cars.
� EnerDel to expand operations In Indianapolis (January 2010)
Lithium-ion battery maker EnerDel will locate its newest manufacturing operation in Hancock County, Indiana, investing over $237M in a 200,000 sf manufacturing facility and creating 500 more jobs, bringing the company to a total of 1,400 in three locations within the Indianapolis Region
State Assistance
� Venture Capital Investment Tax Credit
� Motorsport Equipment Sales Tax Exemption
� Research and Development Tax Credit
� Research and Development Sales Tax Exemption
� Patent Income Exemption
� The Economic Development for a Growing Economy (EDGE)
� Hoosier Business Investment Tax Credit (HBI)
� Skills Enhancement Fund (SEF)
Source: IEDC - UK Office, 2009
Indiana Delegation in the UK on April 26- 30
� Indiana Reception in Central London; April 27
� Doing Business in the U.S. Seminar, April 28,
Loughbrough
Most Affordable Housing Market
� 13 consecutive quarters of nation’s most affordable housing (Source: National Association of Home Builders)
� Most affordable of all cities with a population over 50,000
� Average sales price range: $155,000 - $282,000
� Wide array of housing options
Summary & Conclusion
� Strong, Available Workforce
� Industry Leadership
� Low Cost of Business
� Modern Amenities & Culture
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