Indiana Economic Impact Report

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ii INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

TABLE OF CONTENTS

CHAPTER 1: EXECUTIVE REPORT 1!INTRODUCTION! "!PROJECT OVERVIEW! #!METHODOLOGY EMPLOYED IN THE ECONOMIC IMPACT STUDY! $!

IU AND IU HEALTH ARE INTEGRAL TO THE STATE’S ECONOMIC SUCCESS 5!

IU AND IU HEALTH STRENGTHEN STATE AND LOCAL GOVERNMENT 7!

IU AND IU HEALTH GENERATE AND SUSTAIN JOBS 7!

IU RESEARCH 9!

IU BENEFITS THE STATE BEYOND OPERATIONS 15!IU EDUCATES THE FUTURE WORKFORCE OF INDIANA! "%!IU ALUMNI PLAY A VITAL ROLE IN THE INDIANA ECONOMY! "%!IU AND IU HEALTH PROVIDE SUPPORT TO THE COMMUNITY! "&!

GENERATING IMPACT THROUGHOUT THE STATE 18!

CHAPTER 2: IU CAMPUS ECONOMIC IMPACT FINDINGS 19!

IU BLOOMINGTON 19!IUPUI! #$!IPFW! #'!IU EAST! ("!IU KOKOMO! ((!IU NORTHWEST! (%!IU SOUTH BEND! (&!IU SOUTHEAST! ()!IUPUC! $"!

CHAPTER 3: IU HEALTH AND IUSM ECONOMIC IMPACT 43!

APPENDIX A: DEFINITION OF TERMS 1!

APPENDIX B: IU PEER INSTITUTION COMPARISONS 1!

APPENDIX C: PEER UNIVERSITY RESEARCH COMPARISONS 1!

APPENDIX D: METHODOLOGY 1!

APPENDIX E: FAQ’S REGARDING ECONOMIC IMPACT ASSESSMENT 1!

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1 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA !

Chapter 1: Executive Report

Introduction

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“If we look across the country, the economic regions making the progress – even in times of challenge such as these we face today – are those regions that include a major research university or cluster of universities. The relationship between universities and regional growth is no coincidence in a knowledge-based economy.”

IU President Michael A. McRobbie

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INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

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INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

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INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 5

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IU and IU Health are Integral to the State’s Economic Success

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$5.9 billion! $5.6 billion!

$11.5 billion!

Direct! Indirect! Total!

Figure 1: IU / IUH Economic Impact (in billions)!

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D4/4)!2)/:*P)3!/!3*@'*B*</'4!2)4&2'!%'!*43!

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:)1)2/@)!4?*3!34/4)!/==2%=2*/4*%'!>)5%'(!*43!

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8*33*%'3!4?2%&@?!342/4)@*<!=/24')23?*=3!/'(!

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)'4)2=2*3)-!4?)!2)4&2'!%'!4?)!D4/4)G3!

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%=)2/4*%'3!/'(!342/4)@*<!=/24')23?*=!A*4?!.0!

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!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!i .'(*/'/!0'*1)23*45!M)/:4?!*'<:&()3!.'(*/'/G3!8%34!<%8=2)?)'3*1)!/</()8*<!?)/:4?!<)'4)2!/'(!*3!%')!%B!4?)!:/2@)34!?)/:4?!3534)83!*'!4?)!0'*4)(!D4/4)3C!F?2%&@?!*43!=/24')23?*=!A*4?!.'(*/'/!0'*1)23*45!D<?%%:!%B!K)(*<*')!6.0DK7l4?)!'/4*%'G3!3)<%'(!:/2@)34!8)(*</:!3<?%%:!/'(!/!@:%>/:!:)/()2!*'!8)(*</:!)(&</4*%'!/'(!2)3)/2<?l.0!M)/:4?!=2%1*()3!:)/(*'@;)(@)!</2)!/'(!4?)!8%34!3E*::)(!<:*'*</:!4)/83C!!.0!M)/:4?-!/3!/!<%2=%2/4)!)'4*45-!2)<)*1)3!'%!(*2)<4!34/4)!/==2%=2*/4*%'C j!I/3)(!3%:):5!&=%'!4?)!%=)2/4*%'3!%B!4?)!0'*1)23*45-!.0!@)')2/4)3!/!2)4&2'!%'!*'1)348)'4!%B!f",Cbj!4%!4?)!D4/4)!B%2!)/<?!(%::/2!%B!*43!/==2%=2*/4*%'C!!!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 7

IU and IU Health Strengthen State and Local Government .4!*3!/!<%88%'!8*3=)2<)=4*%'!4?/4!=&>:*<!&'*1)23*4*)3!/'(!'%';=2%B*4!?%3=*4/:3!(%!'%4!

@)')2/4)!4/H!2)1)'&)C!D4/4)!/'(!:%</:!@%1)2'8)'4!2)1)'&)3!/442*>&4/>:)!4%!4?)!=2)3)'<)!%B!

.0^.0M!4%4/:)(!')/2:5!;=))<O!?2++2.-!*'!$c!",;""C!F?2%&@?!*43!:%</:!3=)'(*'@-!/3!A)::!/3!(*2)<4!/'(!*'(*2)<4!3&==%24!%B!9%>3-!4?)!=2)3)'<)!%B!4?)!0'*1)23*45!34/>*:*P)3!/'(!342)'@4?)'3!4?)!

:%</:!/'(!34/4)A*()!4/H!>/3)C!.0^.0M!*3!/'!*'4)@2/:!=/24!%B!4?)!%B!34/4)G3!)<%'%85!d!@)')2/4*'@!

2)1)'&)-!9%>3!/'(!3=)'(*'@C!

IU and IU Health Generate and Sustain Jobs .0!/'(!.0!M)/:4?!3&==%24!)@@A@P)!B.$6!*'!4?)!34/4)!%B!.'(*/'/C!D-#!.&0!.7!#/#%(!P=!B.$6!2-!04#!60'0#!26!'00%2$&0'$+#!0.!,8I,89C!F?)3)!9%>3!6>%4?!B&::;4*8)!/'(!=/24;4*8)7!*'<:&()!'%4!%':5!

(*2)<4!)8=:%58)'4!>5!.0^.0M-!>&4!/:3%!*'(*2)<4!/'(!*'(&<)(!9%>3!<2)/4)(!B%2!3&==:5!/'(!

)W&*=8)'4!1)'(%23-!<%'42/<4%23!/'(!:/>%2)23!B%2!4?)!<%'342&<4*%'!/'(!2)'%1/4*%'!%B!

&'*1)23*45!/'(!?%3=*4/:!B/<*:*4*)3-!/'(!9%>3!<2)/4)(!*'!4?)!<%88&'*45!/4!?%4):3-!2)34/&2/'43!/'(!

2)4/*:!34%2)3!*'!3&==%24!%B!.0^.0MG3!A%2EB%2<)!/'(!*43!1*3*4%23C!

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)<%'%85-!3&<?!/3!<%'342&<4*%'-!>&3*')33!/'(!=2%B)33*%'/:!3)21*<)3-!2)34/&2/'43!/'(!?%4):3-!

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*'(*2)<4^*'(&<)(!9%>3!6b"-++j!9%>37!3&==%24!4?)!j+-"jk!9%>3!?):(!>5!.'(*/'/!2)3*()'43!(*2)<4:5!

)8=:%5)(!>5!.0^.0MC!6D))!$*@&2)!#C7!

!

48,147 jobs! 51,884 jobs!

100,031 jobs!

Direct! Indirect/Induced! Total !

Figure 2: IU / IUH Employment Impact (in jobs)!

!

!

8 IN

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

3.!5&0!0426!2-!5#%65#>02/#A!,8!'-1!,8!9#'+04!>.?$2-#1!'%#!04#!+'%:#60!#?5+.(#%6!2-!04#!60'0#!.7!,-12'-'<b!

!

!

!

!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!b!D%&2<)]!.'(*/'/=%:*3!I&3*')33!\%&2'/:!I%%E!%B!R*343-!#,"#C!

4th Largest Indiana Employer

5th Largest Indiana Employer

Combined ranks 1st Largest Indiana Employer

&

1

2

3

Wal-Mart Stores Inc.

U.S. Government

State of Indiana

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 9

IU Research .0!/<?*)1)(!fj++C#!8*::*%'!*'!@2/'43!/'(!/A/2(3!B%2!2)3)/2<?!/'(!%4?)2!3=%'3%2)(!=2%@2/83!

(&2*'@!$c!",;""C!!F?)3)!2)3)/2<?!(%::/23!)'4)2!4?)!.'(*/'/!)<%'%85!B2%8!/!A*()!1/2*)45!%B!

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%B!M)/:4?!6f"gh!8*::*%'7C!F?)!/8%&'4!%B!3=%'3%2)(!2)3)/2<?!B&'(*'@!2)<)*1)(!>5!4?)!.0!*3!

*8=2)33*1)!/'(!<%8=/2)3!B/1%2/>:5!4%!*43!=))23!6D))!J==)'(*H!T7C!F?*3!2)3)/2<?!B&'(*'@!*3!

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!

!

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B2%'4*)23!%B!@)')4*<3C!T&22)'4!.0!2)3)/2<?!)'<%8=/33*'@!8&:4*=:)!@)')4*<3;2):/4)(!B*):(3!

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2)<%@'*4*%'3!*'<:&()!#"!8)8>)23!%B!4?)!_/4*%'/:!J</()8*)3-!hb!$)::%A3!%B!4?)!J8)2*</'!

Table 1. IU Expenditures by Unit (FY 10-11) 1. Medicine $238,629,518 2. Arts & Sciences $80,216,843 3. VP Research $18,090,548 4. VP IT $17,293,929 5. Engineering &

Technology $12,921,138 6. Education $9,046,632 7. Science $8,880,229 8. Informatics $6,145,907 9. Business $6,042,884 10. Nursing $3,785,676

“A university cannot render distinguished service to its constituency without a distinguished faculty.”

~ Herman B Wells, IU President (1938-1962) and University Chancellor (1962-2000)

!

!

10 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

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!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 11

ZB2)3?[!(%::/23!B%2!.'(*/'/!d!8)/'*'@!4?/4!>)</&3)!%B!4?)!W&/:*45!%B!*43!B/<&:45!/'(!342)'@4?!%B!

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(%::/23!/@/*'34!*43!=))2!*'34*4&4*%'3!4%!B&'(!4?)!2)3)/2<?!)'4)2=2*3)C!.'(*/'/!0'*1)23*45!

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!

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$447.3 million! $396.6 million!

$843.9 million!

Direct! Indirect/Induced! Total!

Figure 3: Indiana University Research Impact (in millions)!

!

!

12 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

IU Research Creates High-Quality Jobs ,-!"R!)@S))A!,8N6!.5#%'02.-'+!'-1!>'520'+!#T5#-120&%#6!7.%!65.-6.%#1!%#6#'%>4!'-1!.04#%!65.-6.%#1!5%.:%'?6!6&55.%0#1!JA=PO!B.$6C!F?)3)!2)3)/2<?!)8=:%58)'4!'&8>)23!2)=2)3)'4!

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!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 13

!

Table 2: Technology Commercialization FY 08 FY 09 FY 10 FY 11 Invention disclosures received 144 131 154 175 Licenses executed 35 34 27 39 Patent applications filed 170 210 244 302 Patents issued 16 8 15 28 Royalties, fees, milestones (in millions of dollars)

$4.9 $5.9 $14.1 $11.1

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14 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

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!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 15

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16 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

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!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!k!F?*3!'&8>)2!*3!4?)!/1)2/@)!/8%&'4!%B!/((*4*%'/:!*'<%8)!4?/4!/!@2/(&/4)!%B!/!3<?%%:!A*4?!/!3*8*:/2!=2%B*:)!4%!.'(*/'/!0'*1)23*45!)/2'3!%1)2!4?)!/1)2/@)!<%::)@)!@2/(&/4)C!!.4!*3!>/3)(!&=%'!/'!/1)2/@)!%B!4?)!34&(*)3!4?/4!F2*==!08>/<?!?/3!<%8=:)4)(!B%2!=))2!&'*1)23*4*)3!*'!A?*<?!=2*8/25!3&21)5!/'/:53*3!A/3!<%'(&<4)(C!

$32,552!$53,300!

$69,056!

High School Diploma! University Bachelor's Degree!

University Graduate Degree!

Figure 4: Salary Comparisons by Degree Type!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 17

/2)!*'!4?)!A%2EB%2<)7C!OH42/!)/2'*'@!=%A)2!B2%8!.0!/:&8'*!3*'<)!"g+,-!A?%!/2)!<&22)'4:5!

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o 0'*4)(!N/5!!o Q%4/25!.'4)2'/4*%'/:!o Q*:)5!K)8%2*/:!$%&'(/4*%'!o D&3/'!`C!e%8)'!Q/<)!B%2!4?)!T&2)!o .0;e)'5/!V/24')23?*=^JKVJFM!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!+!D%&2<)]!!F2*==!08>/<?!?/3!<%'(&<4)(!3&21)5!2)3)/2<?!A?)2)!34&()'43!6=2*8/257-!34/BB!/'(!B/<&:45!6=2*8/257!=2%1*()!)34*8/4)3!%'!3=)'(*'@!=/44)2'3-!*'<:&(*'@!*'B%28/4*%'!%'!4?)!'&8>)2!%B!1%:&'4))2!?%&23!/'(!<?/2*4/>:)!(%'/4*%'3!*'!A?*<?!4?)5!=2%1*()C!F2*==!08>/<?!&3)(!/!<%'3)21/4*1)!/33&8=4*%'!%B!f#,C",!=)2!?%&2!4%!</:<&:/4)!4?)!1/:&)!%B!1%:&'4))2!3)21*<)3C!F?*3!/8%&'4!A/3!%2*@*'/::5!</:<&:/4)(!*'()=)'()'4:5!>5!4?)!V%*'43!%B!R*@?4!$%&'(/4*%'C!

$8.6 billion! $8.8 billion!

$17.4 billion!

Undergraduate Impact! Graduate/ Professional Impact! Total Impact of Alumni!

Figure 5: Economic Impact of Earnings of IU Alumni (in billions) !

!

!

18 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

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Generating Impact Throughout the State .0!/'(!.0!M)/:4?!?/1)!/!3*@'*B*</'4!)<%'%8*<!*8=/<4!/<2%33!.'(*/'/C!O<%'%8*<!*8=/<4!/'/:53*3!

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Table 3: Economic Impact by Entity and Campus Economic

Impact Employment

Impact Government

Revenue Impact Indiana University $4.9 billion 46,908 jobs $259.7 million

IU Bloomington9 $2.3 billion 20,362 jobs $114.1 million IUPUI $2.0 billion 18,763 jobs $112.6 million

IUPUC $27.2 million 418 jobs $1.4 million IPFW10 $164.0 million 1,979 jobs $8.0 million IU East $52.9 million 702 jobs $2.8 million IU Kokomo $52.1 million 626 jobs $2.7 million IU Northwest $105.7 million 1,277 jobs $5.6 million IU South Bend $141.8 million 1,723 jobs $7.5 million IU Southeast $124.4 million 1,476 jobs $6.5 million

IU Health $6.6 billion 53,123 jobs $252.0 million Total $11.5 billion 100,031 jobs $511.7 million

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INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 19

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20 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

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INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 21

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D*'<)!"+gg-!/4?:)4*<!4)/83!%B!4?)!.'(*/'/!M%%3*)23!?/1)!<%8=)4)(!*'!4?)!I*@!F)'-!4?)!'/4*%'G3!

=2)8*)2!/4?:)4*<!<%'B)2)'<)-!/'(!?/1)!A%'!#i!_TJJ!4)/8!<?/8=*%'3?*=3!l!*'<:&(*'@!3)1)'!

*'!8)'L3!3%<<)2-!3*H!342/*@?4!*'!8)'L3!3A*88*'@!/'(!(*1*'@-!/'(!B*1)!*'!8)'L3!>/3E)4>/::!l!

/:%'@!A*4?!"ig!_TJJ!*'(*1*(&/:!4*4:)3-!)34/>:*3?*'@!/!2*<?!42/(*4*%'!%B!)H<)::)'<)C!

!

!

!

22 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!/::!.0!I:%%8*'@4%'G3!%=)2/4*%'3!%'!4?)!34/4)!%B!.'(*/'/!*'!

#,""!A/3!;L<P!$2++2.-!6f"C"!>*::*%'!(*2)<4!*8=/<4!/'(!f"C#!>*::*%'!*'(*2)<4!/'(!*'(&<)(7C!!

6D))!$*@&2)!hC7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.0!I:%%8*'@4%'!*'!4?)!34/4)!%B!.'(*/'/!*3!L@APJL!B.$6!6+-j"b!(*2)<4!9%>37C!J3!/!2)3&:4!%B!.0!I:%%8*'@4%'G3!%=)2/4*%'3-!""-gjk!*'(*2)<4!/'(!*'(&<)(!9%>3!/2)!

<2)/4)(!*'!.'(*/'/C!6D))!$*@&2)!k7C!

!

$1.1 billion! $1.2 billion!

$2.3 billion!

Direct! Indirect/Induced! Total!

Figure 6: IU Bloomington Economic Impact (in billions)!

8,415 jobs!11,947 jobs!

20,362 jobs!

Direct! Indirect/Induced! Total!

Figure 7: IU Bloomington Employment Impact (in jobs)!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 23

Government Revenue Impact

.0!I:%%8*'@4%'G3!%=)2/4*%'3!*'!.'(*/'/!@)')2/4)!;))*<)!?2++2.-!=)2!5)/2!*'!34/4)!/'(!:%</:!!4/H!2)1)'&)C!

Community Benefits

F2*==!08>/<?!)34*8/4)3!4?/4!.0!I:%%8*'@4%'-!B/<&:45-!34/BB!/'(!34&()'43!@)')2/4)!8%2)!4?/'!

;=*<Q!?2++2.-!/''&/::5!*'!<?/2*4/>:)!(%'/4*%'3!/'(!1%:&'4))2!3)21*<)3C!F?)3)!>)')B*43!6*'!/((*4*%'!4%!4?)!f#Ci!>*::*%'!/''&/:!*8=/<47!*'<:&()!4?)!B%::%A*'@]!!

• f"iCb!8*::*%'!(%'/4)(!4%!:%</:!<?/2*4/>:)!%2@/'*P/4*%'3!>5!.0!I:%%8*'@4%'!B/<&:45-!34/BB!/'(!34&()'43C!

• _)/2:5!fj"Ci!8*::*%'!*'!1/:&)!%B!1%:&'4))2!4*8)!=2%1*()(!4%!/2)/!<%88&'*4*)3!>5!.0!I:%%8*'@4%'!34&()'43-!B/<&:45!/'(!34/BBC!

!

!

24 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

IUPUI Introduction

.'(*/'/!0'*1)23*45;V&2(&)!0'*1)23*45!.'(*/'/=%:*3!

6.0V0.7!*3!.'(*/'/L3!=2)8*)2!&2>/'!&'*1)23*45!/'(!

%')!%B!4?)!:)/(*'@!&2>/'!=&>:*<!2)3)/2<?!

&'*1)23*4*)3!*'!4?)!<%&'425C!T/=*4/:*P*'@!%'!*43!

<)'42/:!:%</4*%'!*'!4?)!?)/24!%B!.'(*/'/=%:*3!9&34!

>:%<E3!B2%8!4?)!.'(*/'/!`%1)2'8)'4!T)'4)2!/'(!

$%24&')!b,,!<%8=/'*)3-!.0V0.!B/<*:*4/4)3!

/(1/'<)8)'4!%B!2)3)/2<?!/'(!4)/<?*'@-!/'(!

=2)3)'43!&'*W&)!%==%24&'*4*)3!B%2!*'4)2'3?*=3-!

=/24')23?*=3!/'(!<%88&'*45!/'(!>&3*')33!

)'@/@)8)'4C!!F?)!.0V0.!</8=&3!/:3%!%1)2:/=3!A*4?!4?)!4?2))!?%3=*4/:3!%B!.0!M)/:4?G3!

J</()8*<!M)/:4?!T)'4)2!4%!<2)/4)!/!(5'/8*<!?)/:4?</2)!/'(!:*B)!3<*)'<)3!<:&34)2!*'!T)'42/:!

.'(*/'/!B%2!2)3)/2<?!/'(!<:*'*</:!=2/<4*<)C!!!

a1)2!i,-,,,!34&()'43-!2)=2)3)'4*'@!/::!b,!34/4)3!/'(!"##!<%&'42*)3-!/2)!)'2%::)(!*'!.0V0.G3!#"!

3<?%%:3!/'(!/</()8*<!&'*43C!F%@)4?)2-!.'(*/'/!0'*1)23*45-!A?*<?!/:3%!=2%1*()3!8/'/@)8)'4!

/'(!/(8*'*342/4*1)!3)21*<)3!B%2!4?)!</8=&3-!/'(!V&2(&)!0'*1)23*45!@2/'4!8%2)!4?/'!#b,!

(*BB)2)'4!()@2))3!/4!.0V0.C!.0V0.!B/<&:45!<%'(&<4!A%2:(;<:/33!2)3)/2<?!B2%8!4?)!:*B)!3<*)'<)3!

4%!4?)!:*>)2/:!/243X!*'!4?)!=2%B)33*%'3!%B!8)(*<*')-!()'4*3425-!:/A-!'&23*'@-!)(&</4*%'-!

9%&2'/:*38!/'(!3%<*/:!A%2EX!/'(!*'!*'4)2(*3<*=:*'/25!<%::/>%2/4*%'3!%'!34&(*)3!*'!=?*:/'4?2%=5-!

&2>/'!=%:*<5-!4?)!)'1*2%'8)'4-!>*%8)(*</:!)'@*'))2*'@-!</'<)2!2)3)/2<?-!*'B%28/4*<3!/'(!

8%2)C!!F?)!</8=&3!*3!?%8)!4%!",,!2)3)/2<?!<)'4)23-!*'<:&(*'@!#k!D*@'/4&2)!T)'4)23!A?*<?!/2)!

&'*43!(*34*'<4:5!*()'4*B*/>:)!A*4?!.0V0.C!

J!3=*2*4!%B!<%88&'*45!3=*2*4!@2)/4:5!<%'42*>&4)3!4%!34&()'4!:*B)!/4!.0V0.X!/>%&'(*'@!

%==%24&'*4*)3!B%2!<*1*<!)'@/@)8)'4!/'(!3)21*<)!:)/2'*'@-!>%4?!.0V0.!?/::8/2E3-!=)28)/4)!/::!

B/<)43!%B!4?)!</8=&3G!%BB)2*'@3C!!O/<?!5)/2-!8%2)!4?/'!#-+,,!.0V0.!34&()'43!/'(!34/BB!

1%:&'4))2!/4!')/2:5!i,,!(*BB)2)'4!<%88&'*45!/@)'<*)3!/'(!3<?%%:3-!(%'/4*'@!8%2)!4?/'!

bi-,,,!?%&23!%B!3)21*<)!/3!')*@?>%2?%%(!<:)/'&=!<2)A3-!4&4%23-!8)'4%23-!?%8);>&*:(*'@!

4)/83!/'(!%4?)2!A%2E)23C!

!

!

!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 25

.0V0.G3!*8=2)33*1)!2)<%2(!%B!@2%A4?-!/(1/'<)8)'4!/'(!<*1*<!<%88*48)'4!<%'4*'&)3!4%!)/2'!

'/4*%'/:!/<<:/*8]!

!

• Q/'E)(!b4?!*'!:E!E)A5/<)F)G,$76)=5",$0L<!#,""!:*34!%B!p0=;/'(;T%8*'@!_/4*%'/:!0'*1)23*4*)3Cp!!

• Q/'E)(!k4?!*'!:E!E)A5/<)F)G,$76)=5",$0L<!#,,g!:*34!%B!p0'*1)23*4*)3!4%!N/4<?Cp!• Q/'E)(!+4?!>)34!=&>:*<!&'*1)23*45!*'!4?)!K*(A)34!>5!4,$C5<!8/@/P*')-!#,,gC!!• _/8)(!4%!V2)3*()'4L3!M*@?)2!O(&</4*%'!T%88&'*45!D)21*<)!M%'%2!Q%::-!#,,+-!#,,gC!• Q)<)*1)(!M)*3E)::!JA/2(!B%2!.''%1/4*%'!*'!.'4)2'/4*%'/:!V/24')23?*=3-!#,,gC!• Q)<)*1)(!V2)3*()'4L3!M*@?)2!O(&</4*%'!T%88&'*45!D)21*<)!JA/2(!B%2!OH<)::)'<)!*'!

`)')2/:!T%88&'*45!D)21*<)-!#,,hC!!@*/'7-%!"#!&()**-&!7'&%3!'/!"#:#"!,0(-23%4!!C>4..+!.7!a#12>2-#!

• F?)!'/4*%'G3!3)<%'(!:/2@)34!8)(*</:!3<?%%:!/'(!/!@:%>/:!:)/()2!*'!8)(*</:!)(&</4*%'!/'(!2)3)/2<?C!

• _/4*%'/::5!2/'E)(!"b4?!B%2!Q&2/:!K)(*<*')-!"g4?!B%2!`)2*/42*<3!/'(!#j4?!B%2!V2*8/25!T/2)!>5!:E!E)A5/<)F)G,$76)=5",$0-!#,"#C!!

• T%8=:)8)'4*'@!.0V0.G3!B%<&3!%'!<*1*<!)'@/@)8)'4-!.0DKG3!JKVJFM!6J</()8*<!K%():!V2%1*(*'@!J<<)33!4%!M)/:4?</2)7!=2%@2/8!*3!/<4*1):5!*8=2%1*'@!?)/:4?</2)!B%2!J.UD!=/4*)'43!*'!e)'5/C!

• Q)3)/2<?)23!B2%8!.0DK!/'(!.0V0.!<%::)<4*1):5!@/2')2)(!%1)2!fj,,!8*::*%'!*'!@2/'43!/'(!/A/2(3!B%2!2)3)/2<?!B&'(*'@!*'!#,,g;#,",C!

!C>4..+!.7!d&%62-:!

• R/2@)34!'&23*'@!3<?%%:!*'!4?)!'/4*%'!A*4?!&'()2@2/(&/4)!4%!V?U!/'(!U_V!=2%@2/83C!• F?)!.0!D<?%%:!%B!_&23*'@!2/'E3!'*'4?!%&4!%B!+,!3<?%%:3!/'(!<%::)@)3!%B!'&23*'@!*'!

B&'(*'@!2)<)*1)(!B2%8!4?)!_/4*%'/:!.'34*4&4)3!%B!M)/:4?C!• Q/'E)(!"b4?!>)34!%1)2/::!'&23*'@!3<?%%:!*'!:E!E)A5/<)F)G,$76)=5",$0L<!#,"#!`2/(&/4)!

D<?%%:!2/'E*'@3X!2/'E)(!4?*2(!B%2!/(&:4!?)/:4?!T:*'*</:!_&23)!D=)<*/:*34!6T_D7C!!C>4..+!.7![#-0260%(!

• a')!%B!4?)!%:()34!()'4/:!3<?%%:3!*'!4?)!'/4*%'X!B%&'()(!/3!.'(*/'/!U)'4/:!T%::)@)!*'!"+kg-!8)2@*'@!A*4?!.0!*'!"g#b!/'(!<%'4*'&*'@!4%(/5!4%!3)21)!/3!4?)!34/4)G3!%':5!()'4/:!3<?%%:C!

• T%8=2*3)(!%B!'*')!/</()8*<!()=/248)'43!/'(!%BB)23!3)1)'!45=)3!%B!()@2))!/'(^%2!<)24*B*</4)!=2%@2/83!*'!()'4/:!/33*34*'@-!()'4/:!?5@*)')-!()'4*3425!/'(!@2/(&/4)!()'4*3425C!

• T:%3)!=2%H*8*45!4%!.0DK!)'/>:)3!342%'@!<%::/>%2/4*1)!4*)3!A*4?!=?53*<*/'3!/'(!2)3)/2<?)23C!

!

!

26 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

a>b2--#(!C>4..+!.7!c'E!• .'(*/'/G3!:/2@)34!:/A!3<?%%:!A*4?!%1)2!"-,,,!34&()'43!/'(!",,!B/<&:45X!%BB)23!4?)!

34/4)G3!%':5!=/24;4*8)!=2%@2/8C!• _/4*%'/::5!2/'E)(!)*@?4?!B%2!R)@/:!N2*4*'@!/'(!""4?!B%2!M)/:4?</2)!R/A!>5!:E!E)A5/<)F)

G,$76)=5",$0-!#,"#C!!• Q/'E)(!/3!%')!%B!4?)!",!Z`2))')34!R/A!3<?%%:3[!*'!#,",!>5!H$5PQ#/!K/@/P*')C!!

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!/::!.0V0.G3!%=)2/4*%'3!%'!4?)!34/4)!%B!.'(*/'/!*'!#,""!A/3!

')/2:5!;L<@!$2++2.-!6fCg!>*::*%'!(*2)<4!*8=/<4!/'(!f"C,!>*::*%'!*'(*2)<4!/'(!*'(&<)(7C!6D))!$*@&2)!

+C7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.0V0.!%'!4?)!34/4)!%B!.'(*/'/!A/3!)QAOJP!B.$6!6+-hj,!(*2)<4!9%>37C!J3!/!2)3&:4!%B!*43!%=)2/4*%'3-!.0V0.!<2)/4)3!",-"#i!*'(*2)<4!/'(!*'(&<)(!9%>3!*'!4?)!

)<%'%85!63))!$*@&2)!g7C!

!

$0.9 billion! $1.0 billion!

$2.0 billion!

Direct! Indirect/Induced! Total!

Figure 8: IUPUI Economic Impact (in billions)!

8,640 jobs! 10,123 jobs!

18,763 jobs!

Direct! Indirect/Induced! Total!

Figure 9: IUPUI Employment Impact (in jobs)!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 27

Government Revenue Impact

.0V0.G3!%=)2/4*%'3!*'!.'(*/'/!@)')2/4)!;))L<J!?2++2.-!=)2!5)/2!*'!34/4)!/'(!:%</:!4/H!2)1)'&)C!

Community Benefits

F2*==!08>/<?!)34*8/4)3!4?/4!.0V0.-!B/<&:45-!34/BB!/'(!34&()'43!@)')2/4)!8%2)!4?/'!;**<*!?2++2.-!'--&'++(!*'!<?/2*4/>:)!(%'/4*%'3!/'(!1%:&'4))2!3)21*<)3C!F?)3)!>)')B*43!6*'!/((*4*%'!4%!4?)!f"Cg!>*::*%'!/''&/:!*8=/<47!*'<:&()!4?)!B%::%A*'@]!!

• f""Ch!8*::*%'!(%'/4)(!4%!:%</:!<?/2*4/>:)!%2@/'*P/4*%'3!>5!.0V0.!B/<&:45-!34/BB!/'(!34&()'43C!

• _)/2:5!fi#C+!8*::*%'!*'!1/:&)!%B!1%:&'4))2!4*8)!=2%1*()(!4%!/2)/!<%88&'*4*)3!>5!.0V0.!34&()'43-!B/<&:45!/'(!34/BBC!

!

!

28 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

IPFW Introduction

.'(*/'/!0'*1)23*45!d!V&2(&)!0'*1)23*45!$%24!N/5')!!

6.V$N7!*3!4?)!:/2@)34!&'*1)23*45!*'!'%24?)/34!.'(*/'/!

/'(!4?)!B*B4?!:/2@)34!</8=&3!*'!4?)!34/4)-!%BB)2*'@!

8%2)!4?/'!#,,!.0!/'(!V&2(&)!0'*1)23*45!()@2))!/'(!

<)24*B*</4)!=2%@2/83C!D*'<)!"gh+-!.V$N!?/3!<%'B)22)(!

')/2:5!+-+,,!8/34)2G3!()@2))3-!#k-,,,!>/<?):%2G3!

()@2))3-!8%2)!4?/'!#,-,,,!/33%<*/4)!()@2))3!/'(!

')/2:5!#-,,,!<)24*B*</4)3C""!!

b#(!,F"\!42:4+2:406!2->+&1#G!!

• K/'/@)(!/'(!/(8*'*342/4)(!>5!V&2(&)!0'*1)23*45C!• U)@2))3!/A/2()(!%'!/!=2%@2/8;>5;=2%@2/8!>/3*3!>5!)*4?)2!V&2(&)!%2!.0C!• J</()8*</::5!<%8=%3)(!%B!B*1)!<%::)@)3-!%')!3<?%%:!/'(!4A%!(*1*3*%'3!!l!)/<?!'%4!

*()'4*B*)(!3=)<*B*</::5!/3!/'!.0!&'*4!%2!/3!/!V&2(&)!&'*4]!!!! T%::)@)!%B!J243!/'(!D<*)'<)3!!

! T%::)@)!%B!O'@*'))2*'@-!F)<?'%:%@5!/'(!T%8=&4)2!D<*)'<)!!

! T%::)@)!%B!M)/:4?!/'(!M&8/'!D)21*<)3!

! T%::)@)!%B!S*3&/:!/'(!V)2B%28*'@!J243!

! T%::)@)!%B!O(&</4*%'!/'(!V&>:*<!V%:*<5!

! Q*<?/2(!FC!U%)28)2!D<?%%:!%B!I&3*')33!/'(!K/'/@)8)'4!D<*)'<)3!

! U*1*3*%'!%B!T%'4*'&*'@!D4&(*)3!

! U*1*3*%'!%B!R/>%2!D4&(*)3!

!

• K%2)!4?/'!jh-,,,!/:&8'*C!• T2)/4)(!aBB*<)!%B!0'*1)23*45!O'@/@)8)'4-!=2%1*(*'@!2)@*%'/:!>&3*')33)3!/'(!

)'42)=2)')&23!A*4?!(*2)<4!/<<)33!4%!.V$N-!.0!/'(!V&2(&)!2)3)/2<?!2)3%&2<)3!/'(!4)<?'%:%@*</:!)H=)24*3)!4%!34*8&:/4)!)<%'%8*<!()1):%=8)'4!*'!'%24?)/34!.'(*/'/C!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!""!M1&<)5+,',-&+)&-"#+0)<0968)&'+7965<)015)",$0&,'),R)?H4GL<)5+,',-&+)&-"#+0)6&$5+078)#00$&C90#C75)0,)?'6&#'#):'&;5$<&08)STTUVE)M15)0,0#7)5+,',-&+)&-"#+0),R)?H4G@)/1&+1)&'+7965<)C,01)H9$695)#'6)?:)&'"90<@)&<)WXYZEX)-&77&,'@)[@TYZ)\,C<)#'6)W]^ET)-&77&,')&')7,+#7)#'6)<0#05)(,;5$'-5'0)$5;5'95)&-"#+0E)))

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 29

• a1)2!=/34!"k!5)/23-!a8'*>&3!R)<4&2)!D)2*)3!?/3!>2%&@?4!%1)2!",,!:)/(*'@!'/4*%'/:!/'(!@:%>/:!3=)/E)23!4%!$%24!N/5')-!=2%8%4*'@!(*3<%&23)!%'!(*1)23)!*()/3!/'(!4%=*<3!2):/4)(!4%!3%<*/:-!>&3*')33-!=%:*4*</:-!:*4)2/25-!)'4)24/*'8)'4!/'(!8)(*/!*33&)3C!

• J'!_TJJ!U*1*3*%'!.!/4?:)4*<!=2%@2/8-!4?)!.V$N!K/34%(%'3!<%8=)4)!/3!/!8)8>)2!%B!

F?)!D&88*4!R)/@&)!/4?:)4*<!<%'B)2)'<)C!

!

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!.V$NG3!%=)2/4*%'3!6.0G3!=%24*%'!%':57!%'!4?)!34/4)!%B!.'(*/'/!

*'!#,""!A/3!;)J*<@!?2++2.-!6f+iCi!8*::*%'!(*2)<4!*8=/<4!/'(!f+,Ck!8*::*%'!*'(*2)<4!/'(!

*'(&<)(7C!6D))!$*@&2)!",C7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.V$NG3!%=)2/4*%'3!6.0!=%24*%'!%':57!*'!4?)!34/4)!%B!.'(*/'/!*3!

"-gkg!9%>3!6"-#gb!(*2)<4!9%>3!/'(!+g+!*'(*2)<4!/'(!*'(&<)(!9%>37!63))!$*@&2)!""7C!

!

Government Revenue Impact

.V$NG3!%=)2/4*%'3!*'!.'(*/'/!@)')2/4)!')/2:5!;Q<@!?2++2.-!=)2!5)/2!*'!34/4)!/'(!:%</:!4/H!2)1)'&)C!

$83.3 million! $80.7 million!

$164.0 million!

Direct! Indirect/Induced! Total!

Figure 10: IPFW Economic Impact (in millions)!

1,295 jobs!684 jobs!

1,979 jobs!

Direct! Indirect/Induced! Total!

Figure 11: IPFW Employment Impact (in jobs)!

!

!

30 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Community Benefits

F2*==!08>/<?!)34*8/4)3!4?/4!.V$N-!B/<&:45!/'(!34/BB!@)')2/4)!;M<*!?2++2.-!*'!<?/2*4/>:)!(%'/4*%'3!/'(!1%:&'4))2!3)21*<)3C!F?)3)!>)')B*43!6*'!/((*4*%'!4%!4?)!f"hjC,!8*::*%'!/''&/:!

*8=/<47!*'<:&()!4?)!B%::%A*'@]!!

• _)/2:5!f#C#!8*::*%'!(%'/4)(!4%!:%</:!<?/2*4/>:)!%2@/'*P/4*%'3!>5!.V$N!B/<&:45!/'(!34/BBC!

• a1)2!fkC#!8*::*%'!*'!1/:&)!%B!1%:&'4))2!4*8)!=2%1*()(!4%!/2)/!<%88&'*4*)3!>5!.V$N!B/<&:45!/'(!34/BBC

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 31

IU East Introduction

I/3)(!*'!Q*<?8%'(-!.'(*/'/!0'*1)23*45!O/34!6.0!

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!b#(!,8!_'60!42:4+2:406!2->+&1#G!!

• T%8=2*3)(!%B!3*H!3<?%%:3]!D<?%%:!%B!I&3*')33!q!O<%'%8*<3-!D<?%%:!%B!O(&</4*%'-!D<?%%:!%B!M&8/'*4*)3!q!D%<*/:!D<*)'<)3-!D<?%%:!%B!_/4&2/:!D<*)'<)3!q!K/4?)8/4*<3-!D<?%%:!%B!_&23*'@!/'(!D<?%%:!%B!D%<*/:!N%2EC!

• aBB)23!bj!I/<?):%2G3!/'(!K/34)2G3!U)@2))!=2%@2/83X!j+!<%'B)22)(!>5!.0!/'(!3*H!<%'B)22)(!4?2%&@?!V&2(&)!0'*1)23*45C!

• D=)<*/:!=2%@2/83!*'<:&()!/'!M%'%23!V2%@2/8-!.0!O/34!a':*')-!/!@2%A*'@!'&8>)2!%B!34&()'4!%2@/'*P/4*%'3!/'(!'&8)2%&3!%==%24&'*4*)3!B%2!*'4)2'3?*=3-!3)21*<);:)/2'*'@!/'(!%1)23)/3!34&(5C!

• a1)2!%');4?*2(!%B!4%4/:!</8=&3!<2)(*4!?%&23!/2)!():*1)2)(!4?2%&@?!.0!O/34!a':*')-!*'<:&(*'@!3)1)'!I/<?):%2G3!U)@2))!<%8=:)4*%'!=2%@2/83!/'(!%')!%':*')!@2/(&/4)!<)24*B*</4)-!)/2'*'@!4?)!</8=&3!/<<%:/()3!B%2!*43!%':*')!=2%B*<*)'<5C!

• a'@%*'@!=/24')23?*=!A*4?!V&2(&)!0'*1)23*45!T%::)@)!%B!F)<?'%:%@5!:%</4)(!%'!</8=&3C!!!• V:/53!/!:)/(*'@!2%:)!/3!/!1*4/:!<%88&'*45!=/24')2!*'!)'?/'<*'@!4?)!)<%'%8*<!

()1):%=8)'4!/'(!W&/:*45!%B!:*B)!B%2!)/34!<)'42/:!.'(*/'/!/'(!A)34!<)'42/:!a?*%C!• D)21)3!4?)!<*4*P)'3!%B!')/2>5!M)'25!T%&'45-!.'(*/'/!4?2%&@?!4?)!.0!O/34!M)'25!T%&'45!

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T%&'45-!.'(*/'/!/'(!4?)!.15!F)<?!T%88&'*45!T%::)@)!*'!Q*1)2B2%'4!T/8=&3!*'!R/A2)'<)>&2@-!.'(*/'/C!

• .0!O/34!Q)(!N%:1)3!B*):(!B*1)!8)'G3!/'(!B*1)!A%8)'G3!/4?:)4*<!4)/83!/3!/!8)8>)2!%B!4?)!_J.J!/'(!4?)!e)'4&<E5!.'4)2<%::)@*/4)!J4?:)4*<!T%'B)2)'<)C!!

!

!

!

32 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!.0!O/34G3!%=)2/4*%'3!%'!4?)!34/4)!%B!.'(*/'/!*'!#,""!A/3!fb#Cg!

8*::*%'!6f#bCg!8*::*%'!(*2)<4!*8=/<4!/'(!f#kC,!8*::*%'!*'(*2)<4!/'(!*'(&<)(7C!6D))!$*@&2)!"#C7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.0!O/34!%'!4?)!34/4)!%B!.'(*/'/!*3!O@L!B.$6!6ikk!(*2)<4!9%>37C!J3!/!2)3&:4!%B!.0!O/34G3!%=)2/4*%'3!*'!4?)!34/4)-!i#b!*'(*2)<4!/'(!*'(&<)(!9%>3!/2)!<2)/4)(!63))!

$*@&2)!"i7C!

!

Government Revenue Impact

.0!O/34G3!%=)2/4*%'3!*'!.'(*/'/!@)')2/4)!')/2:5!;L<Q!?2++2.-!=)2!5)/2!*'!34/4)!/'(!:%</:!4/H!2)1)'&)C!

Community Benefits

F2*==!08>/<?!)34*8/4)3!4?/4!.0!O/34-!B/<&:45-!34/BB!/'(!34&()'43!@)')2/4)!8%2)!4?/'!;P<O!?2++2.-!/''&/::5!*'!<?/2*4/>:)!(%'/4*%'3!/'(!1%:&'4))2!3)21*<)3C!F?)3)!>)')B*43!6*'!/((*4*%'!4%!4?)!fb#Cg!8*::*%'!/''&/:!*8=/<47!*'<:&()!4?)!B%::%A*'@]!!

• fC+#!8*::*%'!(%'/4)(!4%!:%</:!<?/2*4/>:)!%2@/'*P/4*%'3!>5!.0!O/34!B/<&:45-!34/BB!/'(!34&()'43C!

• _)/2:5!f#Cg!8*::*%'!*'!1/:&)!%B!1%:&'4))2!4*8)!=2%1*()(!4%!/2)/!<%88&'*4*)3!>5!.0!O/34!34&()'43-!B/<&:45!/'(!34/BBC

$25.9 million! $27.0 milllion!$52.9 million!

Direct! Indirect/Induced! Total!

Figure 12: IU East Economic Impact (in millions)!

377 jobs! 325 jobs!

702 jobs!

Direct! Indirect/Induced! Total!

Figure 13: IU East Employment Impact (in jobs)!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 33

IU Kokomo Introduction

F?)!8%34!=2)(%8*'/'4!?*@?)2!)(&</4*%'!

2)3%&2<)!*'!'%24?!<)'42/:!.'(*/'/-!.'(*/'/!

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I5!=2%1*(*'@!/!<%88%'!@2%&'(!A?)2)!

)(&</4%23-!8)8>)23!%B!4?)!>&3*')33!/'(!

*'(&342*/:!<%88&'*45!/'(!<*4*P)'3!</'!<%8)!4%@)4?)2!4%!3?/2)!2)3%&2<)3!/'(!*()/3-!.0!

e%E%8%!>2*'@3!')A!)')2@5!4%!4?)!2)@*%'G3!2)1*4/:*P/4*%'!)BB%243C!!!

b#(!,8!b.].?.!42:4+2:406!2->+&1#G!!

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4)<?'%:%@5-!<2*8*'/:!9&34*<)-!'&23*'@-!>&3*')33-!)(&</4*%'!/'(!@)')2/:!34&(*)3C!!• K/34)2G3!()@2))3!*'!=&>:*<!8/'/@)8)'4-!>&3*')33-!)(&</4*%'-!'&23*'@!/'(!:*>)2/:!

34&(*)3C!!• T%8=2*3)(!%B!4?)!B%::%A*'@!3<?%%:3!/'(!(*1*3*%'3]!U*1*3*%'!%B!J::*)(!M)/:4?!D<*)'<)3-!

U*1*3*%'!%B!T%'4*'&*'@!D4&(*)3-!U*1*3*%'!%B!R/>%2!D4&(*)3-!D<?%%:!%B!O(&</4*%'-!D<?%%:!%B!J243!/'(!D<*)'<)3-!D<?%%:!%B!I&3*')33-!D<?%%:!%B!_&23*'@-!/'(!D<?%%:!%B!V&>:*<!/'(!O'1*2%'8)'4/:!JBB/*23C!

• M%8)!4%!V&2(&)!0'*1)23*45!T%::)@)!%B!F)<?'%:%@5!/4!e%E%8%-!2)=2)3)'4*'@!/!3*@'*B*</'4!=/24')23?*=!B%2!4?)!</8=&3-!4?)!<%88&'*45!/'(!4?)!2)@*%'!3*'<)!"ghkC!!

• D=)<*/:!=2%@2/83!*'<:&()!/'!M%'%23!V2%@2/8-!.'4)2'3?*=3-!.0!D))E!/'(!34&()'4!=&>:*</4*%'3-!M15)>,$$5<",'65'0!/'(!4$,-)015)G577)3,9<5E)

• OH=/'(*'@!</=/<*4*)3!%B!I/<?):%2G3!/'(!K/34)2G3!()@2))3!'&23*'@!=2%@2/83!%BB)2)(!*'!e%E%8%!4%!=:/5!/!:)/()23?*=!2%:)!*'!8))4*'@!/!<2*4*</:!34/4)A*()!?)/:4?</2)!'))(C!)

• aBB)23!'&8)2%&3!a1)23)/3!D4&(5!%==%24&'*4*)3-!*'<:&(*'@!'&23*'@!=2%@2/83!*'!D%&4?!e%2)/!/'(!T)'42/:!J8)2*</!/'(!4?)!.''%1/4*%'!D58=%3*&8!*'!`2)/4!I2*4/*'C)

• J4?:)4*<!4)/83!%B!4?)!.0!e%E%8%!T%&@/23!>)@/'!<%8=)4*'@!/3!/!8)8>)2!%B!4?)!_J.J!*'!#,""C)

)!

!

!

!

!

34 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!/::!.0!e%E%8%G3!%=)2/4*%'3!%'!4?)!34/4)!%B!.'(*/'/!*'!#,""!

A/3!;=L<)!?2++2.-!6f#bC"!8*::*%'!(*2)<4!*8=/<4!/'(!f#kC,!8*::*%'!*'(*2)<4!/'(!*'(&<)(7C!!

6D))!$*@&2)!"jC7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.0!e%E%8%G3!%=)2/4*%'3!*'!4?)!34/4)!%B!.'(*/'/!*3!JLJ!B.$6!6i,g!(*2)<4!9%>3!/'(!i"k!*'(*2)<4^*'(&<)(7!63))!$*@&2)!"b7C!

!

Government Revenue Impact

.0!e%E%8%G3!%=)2/4*%'3!*'!.'(*/'/!@)')2/4)!8%2)!4?/'!;L<O!?2++2.-!=)2!5)/2!*'!34/4)!/'(!:%</:!4/H!2)1)'&)C!

Community Benefits

F2*==!08>/<?!)34*8/4)3!4?/4!.0!e%E%8%-!B/<&:45-!34/BB!/'(!34&()'43!@)')2/4)!8%2)!4?/'!;P<*!?2++2.-!/''&/::5!*'!<?/2*4/>:)!(%'/4*%'3!/'(!1%:&'4))2!3)21*<)3C!F?)3)!>)')B*43!6*'!/((*4*%'!4%!4?)!fb#C"!8*::*%'!/''&/:!*8=/<47!*'<:&()!4?)!B%::%A*'@]!!

• fkib-g+"!(%'/4)(!4%!:%</:!<?/2*4/>:)!%2@/'*P/4*%'3!>5!.0!e%E%8%!B/<&:45-!34/BB!/'(!34&()'43C!

• _)/2:5!f#Ch!8*::*%'!*'!1/:&)!%B!1%:&'4))2!4*8)!=2%1*()(!4%!/2)/!<%88&'*4*)3!>5!.0C

$25.1 million! $27.0 million!

$52.1 million!

Direct! Indirect/Induced! Total!

Figure 14: IU Kokomo Economic Impact (in millions)!

309 jobs! 317 jobs!

626 jobs!

Direct! Indirect/Induced! Total!

Figure 15: IU Kokomo Employment Impact (in jobs)!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 35

IU Northwest Introduction

.'(*/'/!0'*1)23*45!_%24?A)34!6.0!_%24?A)347!

=2%1*()3!/'!&2>/'-!<%8=2)?)'3*1)!.0!)(&</4*%'!

4%!8%2)!4?/'!h-,,,!34&()'43!B2%8!4?)!34/4)G3!

8%34!(*1)23)!/'(!*'(&342*/:*P)(!2)@*%'C!I/3)(!*'!

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/'(!<%'4*'&)3!4%!/((!')A!&'()2@2/(&/4)!/'(!

@2/(&/4)!()@2))!=2%@2/83-!4%!8))4!34&()'4!/'(!

)8=:%5)2!()8/'(!*'!?*@?:5!3%&@?4;/B4)2!

(*3<*=:*')3C!!!

b#(!,8!d.%04E#60!42:4+2:406!2->+&1#G!!

• K%2)!4?/'!k,!&'()2@2/(&/4)-!@2/(&/4)!/'(!=2);=2%B)33*%'/:!()@2))3!*'!>&3*')33-!?)/:4?!/'(!?&8/'!3)21*<)3-!/243!/'(!3<*)'<)3-!)(&</4*%'-!=&>:*<!/'(!)'1*2%'8)'4/:!/BB/*23!/'(!<%'4*'&*'@!34&(*)3C!!

• K/34)2G3!()@2))3!*'<:&()!>&3*')33!/(8*'*342/4*%'-!=&>:*<!/BB/*23-!:*>)2/:!34&(*)3-!):)8)'4/25!%2!3)<%'(/25!)(&</4*%'-!)(&</4*%'/:!:)/()23?*=-!<:*'*</:!<%&'3):*'@!/'(!3%<*/:!A%2EC!!

• O1)'*'@!/'(!A))E)'(!<:/33)3-!34&(5;/>2%/(!%=4*%'3!/'(!%BB;</8=&3!:)/2'*'@!3*4)3!*'!V%24/@)!/'(!K)22*::1*::)!3)21)!.0G3!8%34!(*1)23)!34&()'4!>%(5C!!!

• D8/::!<:/33!3*P)3!6"j]"!34&()'4;4%;B/<&:45!2/4*%7!)'3&2)!=)23%'/:!/44)'4*%'!B2%8!/!(*34*'@&*3?)(!B/<&:45!%B!4)/<?*'@!3<?%:/23C!!!

• T%88&'*45;>/3)(!)'@/@)8)'4!*3!<)'42/:!4%!4?)!.0!_%24?A)34!/</()8*<!8*33*%'!/'(!4%!*43!2):/4*%'3?*=!A*4?!_%24?A)34!.'(*/'/G3!<*4*P)'3!/'(!34/E)?%:()23C!!

• aBB)23!'&8)2%&3!)H=)2*)'4*/:!:)/2'*'@!%==%24&'*4*)3!4?/4!3&==%24!2)@*%'/::5;B%<&3)(!2)3)/2<?!/'(!3)21*<)!=2%9)<43!2):/4)(!4%!3<?%%:3-!)<%'%8*<!()1):%=8)'4-!<?*:(!A):B/2)-!)'1*2%'8)'4/:!3&34/*'/>*:*45!/'(!%4?)2!<2*4*</:!*33&)3C!!

• D5')2@*34*<!2):/4*%'3?*=!>)4A))'!4?)!T%::)@)!%B!M)/:4?!/'(!M&8/'!D)21*<)3!/'(!4?)!.0!D<?%%:!%B!K)(*<*')!d!_%24?A)34!<2)/4)3!*''%1/4*1)!02>/'!M)/:4?!/'(!M)/:4?</2)!U*3=/2*4*)3!<&22*<&:&8!B%2!4?*2(;!/'(!B%&24?;5)/2!8)(*</:!34&()'43!4%!A%2E!<%::/>%2/4*1):5!*'!/((2)33*'@!&'()23)21)(!&2>/'!=%=&:/4*%'3C!!

• aBB)23!34&()'43!/'(!<%88&'*45!8)8>)23!/!3%<*/::5!/'(!/)34?)4*</::5!1*>2/'4!</8=&3!/48%3=?)2)!/'(!(5'/8*<!)'1*2%'8)'4!B%2!*'(*1*(&/:*P)(!:)/2'*'@C!!

• D4&()'4!%2@/'*P/4*%'3-!4?)!3<&:=4&2)!@/2()'-!@/::)25!)H?*>*43-!4?)/42)!=)2B%28/'<)3!/'(!<&:4&2/:!=2%@2/88*'@!<%'42*>&4)!3&>34/'4*1):5!4%!_%24?A)34!.'(*/'/G3!W&/:*45!%B!:*B)C!!!!

• J4?:)4*<!4)/83!%B!4?)!.0!_%24?A)34!Q)(M/AE3!<%8=)4)!/3!/!8)8>)2!%B!4?)!_J.JC!!!!!!!

!

!

36 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!/::!.0!_%24?A)34G3!%=)2/4*%'3!%'!4?)!34/4)!%B!.'(*/'/!*'!#,""!

A/3!;)@=<O!?2++2.-!6fb,Cj!8*::*%'!(*2)<4!*8=/<4!/'(!fbbCi!8*::*%'!*'(*2)<4!/'(!*'(&<)(7C!!

6D))!$*@&2)!"hC7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.0!_%24?A)34G3!%=)2/4*%'3!*'!4?)!34/4)!%B!.'(*/'/!*3!)ALOO!B.$6!6hi+!(*2)<4!9%>3!/'(!hig!*'(*2)<4!/'(!*'(&<)(!9%>37!63))!$*@&2)!"k7C!

!

Government Revenue Impact

.0!_%24?A)34G3!%=)2/4*%'3!*'!.'(*/'/!@)')2/4)!')/2:5!;=<J!?2++2.-!=)2!5)/2!*'!34/4)!/'(!:%</:!4/H!2)1)'&)C!

Community Benefits

F2*==!08>/<?!)34*8/4)3!4?/4!.0!_%24?A)34-!B/<&:45-!34/BB!/'(!34&()'43!@)')2/4)!8%2)!4?/'!

;J<=!?2++2.-!/''&/::5!*'!<?/2*4/>:)!(%'/4*%'3!/'(!1%:&'4))2!3)21*<)3C!F?)3)!>)')B*43!6*'!/((*4*%'!4%!4?)!fbbCi!8*::*%'!/''&/:!*8=/<47!*'<:&()!4?)!B%::%A*'@]!!

• f"Cj!8*::*%'!(%'/4)(!4%!:%</:!<?/2*4/>:)!%2@/'*P/4*%'3!>5!.0!_%24?A)34!B/<&:45-!34/BB!/'(!34&()'43C!

• _)/2:5!fbC"!8*::*%'!*'!1/:&)!%B!1%:&'4))2!4*8)!=2%1*()(!4%!/2)/!<%88&'*4*)3!>5!.0!_%24?A)34!34&()'43-!B/<&:45!/'(!34/BBC !

$50.4 million! $55.3 million!$105.7 million!

Direct! Indirect/Induced! Total!

Figure 16: IU Northwest Economic Impact (in millions)!

638 jobs! 639 jobs!1,277 jobs!

Direct! Indirect/Induced! Total!

Figure 17: IU Northwest Employment Impact (in jobs)!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 37

IU South Bend Introduction

.'(*/'/!0'*1)23*45!D%&4?!I)'(!6.0!D%&4?!I)'(7!*3!4?)!

%':5!<%8=2)?)'3*1)!=&>:*<!&'*1)23*45!*'!_%24?!T)'42/:!

.'(*/'/!/'(!4?)!4?*2(!:/2@)34!</8=&3!/(8*'*34)2)(!>5!

.'(*/'/!0'*1)23*45C!.0!D%&4?!I)'(!%BB)23!8%2)!4?/'!

",,!=2%@2/83!*'!A?*<?!34&()'43!</'!)/2'!

>/<</:/&2)/4)!/'(!8/34)2G3!()@2))3C!F?)3)!=2%@2/83!

/2)!4/&@?4!>5!(*34*'@&*3?)(!B/<&:45!A?%!/2)!()(*</4)(!

4%!4)/<?*'@!/'(!@*1*'@!34&()'43!4?)!=)23%'/:!/44)'4*%'!

4?)5!'))(!4%!>)!3&<<)33B&:C!!

b#(!,8!C.&04!Y#-1!42:4+2:406!2->+&1#G!!

• aBB)23!4?)!B&::!<%::)@*/4)!)H=)2*)'<)-!@2%&'()(!*'!/</()8*<!)H<)::)'<)-!*'<:&(*'@!34&()'4!?%&3*'@-!8%2)!4?/'!",,!()@2))!=2%@2/83!/'(!/!B&::!<%8=:)8)'4!%B!/<4*1*4*)3!B%2!/!<%8=:)4)!<%::)@)!</2))2C!!!

• K/9%2!3<?%%:3!*'<:&()!T%::)@)!%B!R*>)2/:!J243!/'(!D<*)'<)3-!T%::)@)!%B!M)/:4?!D<*)'<)3-!O2')34*')!KC!Q/<:*'!D<?%%:!%B!4?)!J243-!D<?%%:!%B!I&3*')33!/'(!O<%'%8*<3-!D<?%%:!%B!O(&</4*%'-!D<?%%:!%B!D%<*/:!N%2E-!R/>%2!D4&(*)3!V2%@2/8!/'(!U*1*3*%'!%B!T%'4*'&*'@!O(&</4*%'C!!!

• R%</4)(!')/2!(%A'4%A'!D%&4?!I)'(!/'(!=:/53!/!1*4/:!:)/()23?*=!2%:)!*'!4?)!2)@*%'!/3!/!342%'@!<%88&'*45!=/24')2!A*4?!>&3*')33)3-!)'42)=2)')&23-!3<?%%:3!/'(!@%1)2'8)'4!4?2%&@?!'&8)2%&3!%==%24&'*4*)3!B%2!<*1*<!)'@/@)8)'4-!2)3)/2<?-!*'4)2'3?*=3!/'(!3<?%:/23?*=3!/'(!)<%'%8*<!()1):%=8)'4C!!

• a'@%*'@!=/24')23?*=!A*4?!V&2(&)!0'*1)23*45!T%::)@)!%B!F)<?'%:%@5!:%</4)(!%'!</8=&3C!!!• aBB)23!/((*4*%'/:!=2%@2/88*'@!/4!4?)!O:E?/24!T)'4)2!/'(!=2%1*()3!%':*')!=2%@2/83!

/'(!=2%B)33*%'/:!()1):%=8)'4C!• `:%>/:!</8=&3!<%88&'*45!A*4?!8%2)!4?/'!#,,!*'4)2'/4*%'/:!34&()'43!/'(!1/2*%&3!

%1)23)/3!34&(5!=2%@2/83C!• $/<*:*4/4)3!*'<:&3*1)!B%2&83!4%!=2%8%4)!=%:*4*</:!(*3<%&23)-!(*3<&33!')A!*()/3-!=2)3)21)!

?*34%25-!2)/<?!%&4!4%!4?)!&'()23)21)(!/'(!*'<2)/3)!/<<)33!4%!4?)!/243C!• _%4/>:)!%&42)/<?!/<4*1*4*)3!*'<:&()]!!F%&@?!D4&BB!Q)<5<:*'@-!F?)!T*1*:!Q*@?43!M)2*4/@)!

T)'4)2!/4!4?)!_/4/4%2*&8-!N%:B3%'!V2)33-!F?)!T)'4)2!B%2!/!D&34/*'/>:)!$&4&2)-!J(1/'<)!T%::)@)!V2%9)<4!/'(!4?)!O'42)=2)')&23?*=!R)<4&2)!D)2*)3C!

• K)'G3!/'(!A%8)'G3!J4?:)4*<!4)/83!%B!4?)!.0!D%&4?!I)'(!F*4/'3!<%8=)4)!*'!4?)!_J.JC!!

! !

!

!

!

38 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!/::!.0!D%&4?!I)'(G3!%=)2/4*%'3!%'!4?)!34/4)!%B!.'(*/'/!*'!#,""!

A/3!;)*)<Q!?2++2.-!6fh+Cb!8*::*%'!(*2)<4!*8=/<4!/'(!fkiCi!8*::*%'!*'(*2)<4!/'(!*'(&<)(7C!!

6D))!$*@&2)!"+C7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.0!D%&4?!I)'(G3!%=)2/4*%'3!*'!4?)!34/4)!%B!.'(*/'/!*3!)AOLP!B.$6!6+hj!(*2)<4!9%>3!/'(!+bg!*'(*2)<4^*'(&<)(!9%>37!63))!$*@&2)!"g7C!

!

Government Revenue Impact

.0!D%&4?!I)'(G3!%=)2/4*%'3!*'!.'(*/'/!@)')2/4)!;O<*!?2++2.-!=)2!5)/2!*'!34/4)!/'(!:%</:!4/H!2)1)'&)C!

Community Benefits

F2*==!08>/<?!)34*8/4)3!4?/4!.0!D%&4?!I)'(-!B/<&:45-!34/BB!/'(!34&()'43!@)')2/4)!8%2)!4?/'!

;M<P!?2++2.-!/''&/::5!*'!<?/2*4/>:)!(%'/4*%'3!/'(!1%:&'4))2!3)21*<)3C!F?)3)!>)')B*43!6*'!/((*4*%'!4%!4?)!f"j"C+!8*::*%'!/''&/:!*8=/<47!*'<:&()!4?)!B%::%A*'@]!!

• f#C,!8*::*%'!(%'/4)(!4%!:%</:!<?/2*4/>:)!%2@/'*P/4*%'3!>5!.0!D%&4?!I)'(!B/<&:45-!34/BB!/'(!34&()'43C!

• _)/2:5!fkCi!8*::*%'!*'!1/:&)!%B!1%:&'4))2!4*8)!=2%1*()(!4%!/2)/!<%88&'*4*)3!>5!.0!D%&4?!I)'(!34&()'43-!B/<&:45!/'(!34/BBC!

$68.5 million! $73.3 million!

$141.8 million!

Direct! Indirect/Induced! Total!

Figure 18: IU South Bend Economic Impact (in millions)!

864 jobs! 859 jobs!

1,723 jobs!

Direct! Indirect/Induced! Total!

Figure 19: IU South Bend Employment Impact (in jobs)!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 39

IU Southeast Introduction

.'(*/'/!0'*1)23*45!D%&4?)/34!6.0!D%&4?)/347!

3)21)3!D%&4?)2'!.'(*/'/!/'(!4?)!`2)/4)2!

R%&*31*::)!8)42%=%:*4/'!/2)/!4?2%&@?!*43!_)A!

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&'*1)23*45-!*43!8*33*%'!*3!4%!=2%1*()!?*@?;W&/:*45!

)(&</4*%'/:!=2%@2/83!/'(!3)21*<)3!4?/4!=2%8%4)!

34&()'4!:)/2'*'@!/'(!=2)=/2)!34&()'43!B%2!

=2%(&<4*1)!<*4*P)'3?*=!*'!/!(*1)23)!3%<*)45-!/'(!4%!

<%'42*>&4)!4%!4?)!*'4)::)<4&/:-!<&:4&2/:!/'(!

)<%'%8*<!()1):%=8)'4!%B!4?)!2)@*%'C!!

b#(!,8!C.&04#'60!42:4+2:406!2->+&1#G!!

• T&22)'4:5!=2%1*()3!/<<)33!4%!b,!()@2))!=2%@2/83]!3*H!K/34)2G3-!ig!I/<?):%2G3!/'(!B*1)!J33%<*/4)G3C!

• T%8=2*3)(!%B!3*H!3<?%%:3!d!4?)!D<?%%:!%B!J243!/'(!R)44)23-!D<?%%:!%B!I&3*')33-!D<?%%:!%B!O(&</4*%'-!D<?%%:!%B!_/4&2/:!D<*)'<)3-!D<?%%:!%B!D%<*/:!D<*)'<)3!/'(!D<?%%:!%B!_&23*'@!d!/3!A)::!/3!/!T%'4*'&*'@!D4&(*)3!U*1*3*%'C!!

• N*():5!2)<%@'*P)(!B%2!I/<?):%2G3!U)@2))!=2%@2/83!*'!>&3*')33-!'&23*'@!/'(!)(&</4*%'C!!• T%88*44)(!4%!%BB)2*'@!)(&</4*%'/:!=2%@2/83!/'(!3)21*<)3!4?/4!3&==%24!(*1)23*45!*'!/::!

*43!/3=)<43-!=2%8%4)!%==%24&'*4*)3!B%2!/==:*)(!:)/2'*'@!/'(!/((2)33!4?)!*'4)::)<4&/:-!<&:4&2/:!/'(!)<%'%8*<!()1):%=8)'4!'))(3!%B!4?)!</8=&3G3!3)21*<)!2)@*%'C!!

• $%2!)/<?!%B!4?)!=/34!B*1)!5)/23-!4?)!D<?%%:!%B!I&3*')33!?/3!>))'!2/4)(!/3!/!>)34!3<?%%:!>5!4?)!H$&'+50,')=5;&5/C!

• a'@%*'@!=/24')23?*=!A*4?!V&2(&)!0'*1)23*45!T%::)@)!%B!F)<?'%:%@5!%BB)23!4)<?'%:%@5;>/3)(!<%&23)3!/4!')/2>5!V&2(&)!F)<?'%:%@5!T)'4)2!*'!_)A!J:>/'5C!!!

• U*2)<4:5!3&==%243!)<%'%8*<!()1):%=8)'4!4?2%&@?!&'*W&)-!*''%1/4*1)!=/24')23?*=!A*4?!D4/4)!%B!.'(*/'/-!V&2(&)!0'*1)23*45!/'(!.15!F)<?!T%88&'*45!T%::)@)!4%!<%;3=%'3%2!4?)!D%&4?)/34!.'(*/'/!D8/::!I&3*')33!U)1):%=8)'4!T)'4)2-!=2%1*(*'@!4?)!2)@*%'G3!)'42)=2)')&23!A*4?!@2)/4)2!/<<)33!4%!2)3%&2<)3!/'(!)H=)24*3)C!!

• aBB)23!=2%@2/8!*'!3/B)45!8/'/@)8)'4!4?2%&@?!<%%=)2/4*1)!/@2))8)'4!A*4?!.0IG3!D<?%%:!%B!M)/:4?-!V?53*</:!O(&</4*%'C!

• O'?/'<)3!4?)!2)@*%'G3!/243!/'(!<&:4&2/:!%BB)2*'@3!4?2%&@?!'&8)2%&3!<%'<)243!/'(!4?)/4)2!=2%(&<4*%'3!B2%8!:%</:!/'(!'/4*%'/:!4/:)'4!/4!4?)!</8=&3G!V/&:!NC!a@:)!T&:4&2/:!/'(!T%88&'*45!T)'4)2C!!

• .0!D%&4?)/34!`2)'/(*)23!B*):(!4?2))!8)'G3!/'(!B%&2!A%8)'G3!/4?:)4*<!4)/83!/3!/!8)8>)2!%B!4?)!_J.J!/'(!4?)!e)'4&<E5!.'4)2<%::)@*/4)!J4?:)4*<!T%'B)2)'<)C!!

!

!

!

40 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!.0!D%&4?)/34G3!%=)2/4*%'3!%'!4?)!34/4)!%B!.'(*/'/!*'!#,""!A/3!

;)L*<*!?2++2.-!6fh,Cb!8*::*%'!(*2)<4!*8=/<4!/'(!fhiCg!8*::*%'!*'(*2)<4!/'(!*'(&<)(7C!6D))!

$*@&2)!#,C7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.0!D%&4?)/34G3!%=)2/4*%'3!*'!4?)!34/4)!%B!.'(*/'/!*3!)A*OJ!B.$6!6kib!(*2)<4!9%>3!/'(!kj"!*'(*2)<4^*'(&<)(!9%>37!63))!$*@&2)!#"7C!

!

Government Revenue Impact

.0!D%&4?)/34G3!%=)2/4*%'3!*'!.'(*/'/!@)')2/4)!')/2:5!;J<=!?2++2.-!=)2!5)/2!*'!34/4)!/'(!:%</:!4/H!2)1)'&)C!

Community Benefits

F2*==!08>/<?!)34*8/4)3!4?/4!.0!D%&4?)/34-!B/<&:45-!34/BB!/'(!34&()'43!@)')2/4)!8%2)!4?/'!

fkC+!8*::*%'!/''&/::5!*'!<?/2*4/>:)!(%'/4*%'3!/'(!1%:&'4))2!3)21*<)3C!F?)3)!>)')B*43!6*'!

/((*4*%'!4%!4?)!f"#jCj!8*::*%'!/''&/:!*8=/<47!*'<:&()!4?)!B%::%A*'@]!!

• f"Ck!8*::*%'!(%'/4)(!4%!:%</:!<?/2*4/>:)!%2@/'*P/4*%'3!>5!.0!D%&4?)/34!B/<&:45-!34/BB!/'(!34&()'43C!

• _)/2:5!fhC"!8*::*%'!*'!1/:&)!%B!1%:&'4))2!4*8)!=2%1*()(!4%!/2)/!<%88&'*4*)3!>5!.0!D%&4?)/34!34&()'43-!B/<&:45!/'(!34/BBC! !

$60.5 million! $63.9 million!

$124.4 million!

Direct! Indirect/Induced! Total!

Figure 20: IU Southeast Economic Impact (in millions)!

735 jobs! 741 jobs!1,476 jobs!

Direct! Indirect/Induced! Total!

Figure 21: IU Southeast Employment Impact (in jobs)!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 41

IUPUC !

Introduction

.0V0T!%2*@*'/4)(!*'!"gk,!/3!.0V0.!T%:&8>&3-!/!

=)28/')'4!)H4)'3*%'!<)'4)2!%B!.0V0.C!R%</4)(!%')!

?%&2!3%&4?!%B!.'(*/'/=%:*3-!T%:&8>&3!*3!%')!%B!

.'(*/'/L3!:)/(*'@!)<%'%8*<!<*4*)3!/'(!*3!?%8)!4%!

T&88*'3-!.'<C-!/!$%24&')!#,,!<%2=%2/4*%'C!F?)!

</8=&3!2)3&:4)(!B2%8!4?)!<*45L3!:%'@;34/'(*'@!

*'4)2)34!*'!=%34;3)<%'(/25!)(&</4*%'X!.0!<%&23)3!

?/(!>))'!%BB)2)(!*'!T%:&8>&3!3*'<)!"gj"C!.'!"ggj-!

.0V0.!T%:&8>&3!%BB*<*/::5!<?/'@)(!*43!'/8)!4%!

.0V0TC!!

b#(!,8F8V!42:4+2:406!2->+&1#G!!

• D)21)(!8%2)!4?/'!"-k,,!&'()2@2/(&/4)!/'(!@2/(&/4)!34&()'43!*'!#,",;#,""C!!• aBB)23!&'()2@2/(&/4)!()@2))!=2%@2/83!*'!>&3*')33-!)(&</4*%'-!8)<?/'*</:!

)'@*'))2*'@-!@)')2/:!34&(*)3-!:*>)2/:!/243-!'&23*'@!/'(!=35<?%:%@5C!• aBB)23!4A%!@2/(&/4)!()@2))!=2%@2/83]!K/34)2!%B!I&3*')33!J(8*'*342/4*%'!/'(!K/34)2!

%B!J243!*'!K)'4/:!M)/:4?!T%&'3):*'@C!!• JBB%2(3!34&()'43!4?)!%==%24&'*45!4%!<%8=:)4)!@)')2/:!)(&</4*%'-!):)<4*1)!/'(!3%8)!

8/9%2!<%&23)3!/4!.0V0T!/'(!4?)'!42/'3B)2!4%!.0V0.!4%!<%8=:)4)!()@2))3!*'!/2)/3!'%4!/1/*:/>:)!%'!4?)!T%:&8>&3!</8=&3-!*'<:&(*'@!*'B%28/4*<3-!=?53*</:!)(&</4*%'-!?)/:4?!3<*)'<)3-!4%&2*38!8/'/@)8)'4-!=&>:*<!/'(!)'1*2%'8)'4/:!/BB/*23!/'(!3%<*/:!A%2EC!

• T:%3):5!<%::/>%2/4)3!A*4?!*43!)(&</4*%'/:!=/24')2-!.15!F)<?!T%88&'*45!T%::)@)!%B!T%:&8>&3-!4%!()1):%=!/24*<&:/4*%'!/@2))8)'43!4?/4!)'/>:)!34&()'43!?%:(*'@!J33%<*/4)!U)@2))3!4%!/==:5!4?%3)!<2)(*43!4%A/2(!/!I/<?):%2G3!U)@2))C!

• V2%1*()3!4?)!2)@*%'!A*4?!*'4)@2/:!3%&2<)!%B!?*@?:5!3E*::)(!?&8/'!</=*4/:!/'(!4/:)'4!)33)'4*/:!4%!=)2=)4&/4)!*43!)<%'%8*<!1*4/:*45C!!

• K&4&/::5!>)')B*43!B2%8!/!:%'@;34/'(*'@!42/(*4*%'!%B!=/24')2*'@!A*4?!E)5!>&3*')33)3-!*'<:&(*'@!T&88*'3!/'(!<*1*<!:)/()23!4%!()1):%=!)(&</4*%'/:!3%:&4*%'3!/:*@')(!A*4?!2)@*%'/:!'))(3C!

• Q)<)*1)(!/!3&>34/'4*/:!@2/'4!B2%8!U&E)!O')2@5!*'!#,""!B%2!/!2)@*%'/:!%&42)/<?!*'*4*/4*1)!4%!342)'@4?)'!3<*)'<)-!4)<?'%:%@5-!)'@*'))2*'@!/'(!8/4?!6DFOK7!4)/<?*'@!/'(!:)/2'*'@!*'!e;h!3<?%%:!(*342*<43!4?2%&@?%&4!D%&4?)2'!.'(*/'/C!!!

• K%34!.0V0T!@2/(&/4)3!?/1)!())=!2%%43!*'!4?)!2)@*%'X!4?)!8/9%2*45!%B!*43!@2/(&/4)3!?/1)!:*1)(-!A%2E)(!/'(!2/*3)(!B/8*:*)3!*'!D%&4?)2'!.'(*/'/!B%2!@)')2/4*%'3!/'(!2)8/*'!*'!4?)!2)@*%'!&=%'!)/2'*'@!/!()@2))C!!

!

!

42 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!/::!.0V0TG3!%=)2/4*%'3!%'!4?)!34/4)!%B!.'(*/'/!*'!#,""!A/3!

;LO<L!?2++2.-!6f"iC"!8*::*%'!(*2)<4!*8=/<4!/'(!f"jC"!8*::*%'!*'(*2)<4!/'(!*'(&<)(7C!!

6D))!$*@&2)!##C7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.0V0TG3!)'4*4*)3!*'!4?)!34/4)!%B!.'(*/'/!*3!418 jobs!6#b,!(*2)<4!9%>3!/'(!"h+!*'(*2)<4!/'(!*'(&<)(!9%>37C!6D))!$*@&2)!#iC7!

!

Government Revenue Impact

.0V0TG3!%=)2/4*%'3!*'!.'(*/'/!@)')2/4)(!;)<*!?2++2.-!=)2!5)/2!*'!34/4)!/'(!:%</:!4/H!2)1)'&)C!

Community Benefits

F2*==!08>/<?!)34*8/4)3!4?/4!.0V0T-!B/<&:45-!34/BB!/'(!34&()'43!@)')2/4)!8%2)!4?/'!;)<M!?2++2.-!/''&/::5!*'!<?/2*4/>:)!(%'/4*%'3!/'(!1%:&'4))2!3)21*<)3C!F?)3)!>)')B*43!6*'!/((*4*%'!4%!4?)!f#kC#!8*::*%'!/''&/:!*8=/<47!*'<:&()!4?)!B%::%A*'@]!!

• f"Cb!8*::*%'!(%'/4)(!4%!:%</:!<?/2*4/>:)!%2@/'*P/4*%'3!>5!.0V0T!B/<&:45-!34/BB!/'(!34&()'43C!

• fjjk-j,i!*'!1/:&)!%B!1%:&'4))2!4*8)!=2%1*()(!4%!/2)/!<%88&'*4*)3!>5!.0V0T!34&()'43-!B/<&:45!/'(!34/BBC!

$13.1 million! $14.1 million!

$27.2 million!

Direct! Indirect/Induced! Total!

Figure 22: IUPUC Economic Impact (in millions)!

250 jobs!168 jobs!

418 jobs!

Direct! Indirect/Induced! Total!

Figure 23: IUPUC Employment Impact (in jobs)!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 43

Chapter 3: IU Health and IUSM Economic Impact Introduction

.'(*/'/!0'*1)23*45!M)/:4?!*3!.'(*/'/G3!8%34!

<%8=2)?)'3*1)!?)/:4?</2)!3534)8C!!.'!"ggk!4?)!

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K)4?%(*34!M%3=*4/:-!.'(*/'/!0'*1)23*45!M%3=*4/:!

/'(!Q*:)5!M%3=*4/:!B%2!T?*:(2)'C!!F%(/5-!4?*3!

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%B!K)(*<*')-!%')!%B!4?)!'/4*%'G3!:)/(*'@!8)(*</:!3<?%%:3-!@*1)3!=/4*)'43!/<<)33!4%!*''%1/4*1)!

42)/48)'43!/'(!4?)2/=*)3C!!.0!M)/:4?!*3!<%8=2*3)(!%B!?%3=*4/:3-!=?53*<*/'3!/'(!/::*)(!3)21*<)3!

()(*</4)(!4%!=2%1*(*'@!=2))8*')'4!</2)!4?2%&@?%&4!.'(*/'/!/'(!>)5%'(C!!.0!M)/:4?-!*43!

=/24')23?*=!A*4?!4?)!.0!D<?%%:!%B!K)(*<*')-!/'(!<:*'*</:!/BB*:*/4)3!4?2%&@?%&4!4?)!34/4)!

*'<2)/3)!4?)!/1/*:/>*:*45!%B!?*@?;W&/:*45-!/</()8*<!8)(*<*')!4%!.'(*/'/G3!<*4*P)'3C!!

IU Health Clinical Expertise

T:*'*</::5-!.0!M)/:4?!*3!'/4*%'/::5!2/'E)(!*'!8/'5!B*):(3!/'(!%BB)23!4%=;4*)2!?)/:4?</2)!4%!

2)3*()'43!%B!.'(*/'/!/3!A)::!/3!/442/<4*'@!%&4;%B;34/4)!1*3*4%23!*'4%!4?)!34/4)!B%2!</2)C!!!

• O*@?4!<:*'*</:!=2%@2/83!2/'E)(!/8%'@!4?)!4%=!b,!'/4*%'/:!=2%@2/83!*'!:E!EA5/<)F)G,$76)=5",$0L<!#,"";"#!)(*4*%'!%B!J8)2*</G3!I)34!M%3=*4/:3C!

• ",!3=)<*/:45!=2%@2/83!/4!Q*:)5!M%3=*4/:!B%2!T?*:(2)'!/4!.0!M)/:4?!2/'E)(!/8%'@!4?)!4%=!

i,!<?*:(2)'G3!?%3=*4/:3!*'!4?)!'/4*%'C!

• D*H!?%3=*4/:3!()3*@'/4)(!/3!K/@')4r!?%3=*4/:!3534)83!>5!4?)!J8)2*</'!_&23)3!

T2)()'4*/:*'@!T)'4)2!2)<%@'*P*'@!)H<)::)'<)!*'!'&23*'@!</2)C!

.0!M)/:4?!%BB)23!/!B&::!2/'@)!%B!3=)<*/:45!/'(!=2*8/25!</2)!3)21*<)3!B%2!<?*:(2)'!/'(!/(&:43-!

*'<:&(*'@!4?)!B%::%A*'@!/2)/3!%B!<:*'*</:!)H=)24*3)]!

• F#12'0%2>6G!F?)!%':5!.'(*/'/!?%3=*4/:!2/'E)(!/8%'@!4?)!4%=!<?*:(2)'G3!?%3=*4/:3!*'!4?)!

'/4*%'!>5!:E!EA5/<)F)G,$76)=5",$0-!Q*:)5!M%3=*4/:!B%2!T?*:(2)'!/4!.'(*/'/!0'*1)23*45!M)/:4?!%BB)23!<%8=2)?)'3*1)!<?*:(2)'G3!</2)!l!B2%8!4?)!2%&4*')!4%!4?)!8%34!<%8=:)HC!

!

!

!

44 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

• 3%'-65+'-0G!.0!M)/:4?!F2/'3=:/'4!*3!4?)!%':5!<%8=2)?)'3*1)!42/'3=:/'4!=2%@2/8!*'!

.'(*/'/!/'(!4?)!'/4*%'G3!B%&24?;:/2@)34!3%:*(;%2@/'!42/'3=:/'4!<)'4)2C!!

!

• V'->#%G!N*4?!8%2)!4?/'!#,,!=?53*<*/'!2)3)/2<?)23!:)/(*'@!4?)!A/5!4%!')A!42)/48)'43-!

.0!D*8%'!T/'<)2!T)'4)2!*3!/'!)H<)=4*%'/:!42)/48)'4!2)3%&2<)!/'(!.'(*/'/G3!%':5!

_/4*%'/:!T/'<)2!.'34*4&4);()3*@'/4)(!T:*'*</:!T/2)!T)'4)2C!

!

• V'%12./'6>&+'%G!J!'/4*%'/::5!2)<%@'*P)(!?)/24!/'(!?)/24!3&2@)25!=2%@2/8-!.0!M)/:4?!

T/2(*%1/3<&:/2!3=)<*/:*343!42)/4!3%8)!%B!4?)!8%34!<%8=:)H!</3)3-!%BB)2!&')W&/:)(!</2)-!

<%8>*')!*''%1/4*1)!4)<?'%:%@5!A*4?!/(1/'<)(!=2%<)(&2)3!/'(!?/1)!/!342%'@!

2)=&4/4*%'!B%2!=/4*)'4!3/B)45C!

!

• d#&%.6>2#->#G!a')!%B!4?)!:/2@)34!=2%@2/83!*'!4?)!<%&'425-!/'(!4?)!%':5!%')!*'!.'(*/'/!

2)<%@'*P)(!>5!:E!EA5/<)F)G,$76)=5",$0-!.0!M)/:4?!_)&2%3<*)'<)!=2%1*()3!/!B&::!2/'@)!%B!')&2%:%@*</:!/'(!')&2%3&2@*</:!3)21*<)3!/:%'@!A*4?!/<<)33!4%!4?)!:/4)34!2)3)/2<?!/'(!

42)/48)'4!%=4*%'3C!

!

• D%04.5#12>6G!J3!.'(*/'/G3!%':5!%24?%=)(*<3!=2%@2/8!2/'E)(!>5!:E!EA5/<)F)G,$76)=5",$0-!.0!M)/:4?!a24?%=)(*<3!=2%1*()3!<%8=2)?)'3*1)!9%*'4-!3=*')-!>%')!/'(!8&3<:)!

</2)!B%2!/(&:43!/'(!<?*:(2)'C!

IU Health Physicians

J!<%::/>%2/4*1)!=/24')23?*=!>)4A))'!.0!M)/:4?!/'(!.0DK-!.0!M)/:4?!V?53*<*/'3!*3!<%8=2*3)(!%B!

8%2)!4?/'!+,,!>%/2(;<)24*B*)(!%2!>%/2(;):*@*>:)!=?53*<*/'3!:%</4)(!*'!k,!:%</4*%'3!34/4)A*()!

/'(!)8=:%5*'@!8%2)!4?/'!"-,,,!34/BB-!*'<:&(*'@!"k,!/(1/'<)(!=2/<4*<)!=2%1*()23C!

Indiana University School of Medicine

$%&'()(!*'!"g,i-!.0DK!?/3!3)21)(!/3!.'(*/'/G3!%':5!

3<?%%:!%B!8)(*<*')!B%2!",g!5)/23C!!F%(/5-!.0DK!%BB)23!

8)(*</:!)(&</4*%'!/4!'*')!</8=&3)3!:%</4)(!/<2%33!4?)!

34/4)!/'(!)(&</4)3!4?)!3)<%'(!:/2@)34!8)(*</:!34&()'4!

>%(5!*'!4?)!0CDC!F?)!3<?%%:G3!A*();2/'@*'@!8)(*</:!

)H=)24*3)!)H4)'(3!%1)2!8%2)!4?/'!h,!<:*'*</:!

()=/248)'43!/'(!3=)<*/:45!(*1*3*%'3E))

!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 45

N*4?!/!B%<&3!%'!3)21*<)!4%!/::!2)@*%'3!%B!4?)!34/4)-!.0DK!*'<:&()3!4?)!8/*'!</8=&3!*'!

.'(*/'/=%:*3!/'(!)'<%8=/33)3!)*@?4!T)'4)23!%B!K)(*</:!O(&</4*%'!:%</4)(!*'!<*4*)3!4?2%&@?%&4!

.'(*/'/C!F?)3)!<)'4)23-!:*34)(!*'!4?)!4/>:)!>):%A-!=2%1*()!/!3*@'*B*</'4!)<%'%8*<!<%'42*>&4*%'!

4%!4?)*2!?%8)!<*4*)3!/'(!8/*'4/*'!<:%3)!/BB*:*/4*%'3!A*4?!:%</:!.0!</8=&3)3-!%4?)2!.'(*/'/!

&'*1)23*4*)3!/'(!2)@*%'/:!?%3=*4/:3E)))

Table 4: IUSM Locations Throughout Indiana City Campus / Affiliated

University Years of

Instruction Home Campus Indianapolis IUPUI 4 years

Centers of Medical

Education

Bloomington IU Bloomington First 2 years Evansville University of Southern

Indiana First 2 years

Fort Wayne IPFW 4 years Gary IU Northwest 4 years Muncie Ball State University First 2 years South Bend University of Notre Dame 4 years Terre Haute Indiana State University 4 years West Lafayette Purdue University First 2 years

!

.'!#,,g-!4?)!.0!8)(*</:!3<?%%:!>)@/'!)H=/'(*'@!%==%24&'*4*)3!B%2!4?*2(!/'(!B%&24?;5)/2!

<:*'*</:!2%4/4*%'3!4?2%&@?%&4!4?)!34/4)C!!N*4?*'!4?)!')H4!4A%!4%!B%&2!5)/23-!<:)2E3?*=3!=:/'!4%!

>)!%BB)2)(!/4!4?)!<)'4)23!<&22)'4:5!=2%1*(*'@!4?)!B*234!4A%!5)/23!%B!*'342&<4*%'C!

• .0DK!34&()'4!>%(5!2)=2)3)'43!bj!%B!4?)!g#!.'(*/'/!<%&'4*)3!/'(!g"!<%::)@)3!/'(!

&'*1)23*4*)3C!

• .0!B/<&:45!?/3!=)2B%28)(!8/'5!ZB*2343[!*'!.'(*/'/!*'<:&(*'@!42/'3=:/'43!%B!4?)!E*(')5-!

:*1)2-!<%2')/-!>%')!8/22%A-!=/'<2)/3!/'(!*'B/'4!/'(!')A>%2'!?)/243C!

• J==2%H*8/4):5!?/:B!%B!.'(*/'/G3!=?53*<*/'3!2)<)*1)(!/::!%2!3%8)!%B!4?)*2!)(&</4*%'!/4!

4?)!.0DKC!

• _)/2:5!?/:B!%B!.0DK!@2/(&/4)3!/<<)=4!*';34/4)!2)3*()'<*)3C!

• _)/2:5!j,Y!%B!.0DK!@2/(&/4)3!)'4)2!=2*8/25!</2)!3=)<*/:4*)3C!

Q)3)/2<?!@*1)3!=?53*<*/'3!/'(!=/4*)'43!/<2%33!4?)!34/4)!/<<)33!4%!4?)!8%34!<&44*'@;)(@)!/'(!

<%8=2)?)'3*1)!42)/48)'4!%=4*%'3C!_)/2:5!"-j,,!2)3)/2<?!34&(*)3!A)2)!<%'(&<4)(!*'!$c!,g;",C!

F%4/:!@2/'4!2)3)/2<?!B&'(*'@!6/A/2()(!B%2!$c!,g;",7!A/3!f#hjCh!8*::*%'C!!!

!

!

46 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

K)(*</:!=/4*)'43-!B/<&:45!/'(!34&()'43!/::!>)')B*4!4?2%&@?!42/*'*'@!%==%24&'*4*)3!)'/>:)(!>5!

4?)!.0DKG3!E)5!/BB*:*/4*%'3!8/*'4/*')(!A*4?!N*3?/2(!M)/:4?!/'(!4?)!SJ!K)(*</:!T)'4)2!*'!

.'(*/'/=%:*3C!!F?)3)!:%'@;34/'(*'@!2):/4*%'3?*=3!=2%1*()!)<%'%8*<!>)')B*4!4%!4?)!34/4)!/3!A)::C!

Wishard Health Services

N*3?/2(!M)/:4?!D)21*<)3!*3!%')!%B!J8)2*</G3!B*1)!:/2@)34!3/B)45;')4!?)/:4?!3534)83-!=2%1*(*'@!

</2)!*'!')/2:5!"Cj!8*::*%'!%&4=/4*)'4!1*3*43!)/<?!5)/2C!N*3?/2(!*3!%')!%B!4?)!:)/(*'@!=2%1*()23!

%B!?)/:4?</2)!*'!T)'42/:!.'(*/'/-!A*4?!=?53*<*/'3!%B!4?)!.'(*/'/!0'*1)23*45!D<?%%:!%B!K)(*<*')!

=2%1*(*'@!/!<%8=2)?)'3*1)!2/'@)!%B!=2*8/25!/'(!3=)<*/:45!</2)!3)21*<)3!A*4?*'!*43!iig;>)(!

?%3=*4/:!/'(!*'=/4*)'4!B/<*:*4*)3-!/3!A)::!/3!",!<%88&'*45!?)/:4?!<)'4)23!:%</4)(!4?2%&@?%&4!

.'(*/'/=%:*3C!!D42&<4&2/:!34)):!?/3!>))'!4%==)(!%&4!B%2!4?)!')A!D*(')5!q!R%*3!O3E)'/P*!

M%3=*4/:!/'(!O3E)'/P*!M)/:4?!B/<*:*4*)3!A?*<?!/2)!%'!3<?)(&:)!4%!%=)'!*'!:/4)!#,"iC!

Richard L. Roudebush Veteran’s Affairs Medical Center

D*'<)!"gi#-!Q*<?/2(!RC!Q%&()>&3?!SJ!K)(*</:!T)'4)2!?/3!>))'!=2%1*(*'@!?)/:4?</2)!4%!4?)!

1)4)2/'3!*'!4?)!jb;<%&'45!/2)/!%B!.'(*/'/!/'(!.::*'%*3C!J3!/!4)/<?*'@!?%3=*4/:-!Q*<?/2(!

RC!Q%&()>&3?!SJ!K)(*</:!T)'4)2!=2%1*()3!/!B&::!2/'@)!%B!3)21*<)3-!A*4?!34/4);%B;4?);/24!

4)<?'%:%@5!/3!A)::!/3!)(&</4*%'!/'(!2)3)/2<?C!F?)!.'(*/'/=%:*3!SJ!K)(*</:!T)'4)2!?/3!/'!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 47

/<4*1)!/BB*:*/4*%'!A*4?!4?)!.0DKC!!J4!/'5!4*8)-!",,!=%34;@2/(&/4)!

=?53*<*/'!2)3*()'43!/'(!B)::%A3!/2)!=&23&*'@!<:*'*</:!42/*'*'@!*'!4?)!

.'(*/'/=%:*3!SJ!K)(*</:!T)'4)2!/'(!():*1)2*'@!1)4)2/'!</2)!&'()2!4?)!

3&=)21*3*%'!%B!SJ!=?53*<*/'3!A?%!/2)!<%'<&22)'4:5!B/<&:45!%B!4?)!

.'(*/'/!0'*1)23*45!D<?%%:!%B!K)(*<*')C!!F?*3!3&=)21*3)(!<:*'*</:!

)H=)2*)'<)!B%2!:*<)'3)(!=?53*<*/'3!*3!%BB)2)(!*'!##!/<<2)(*4)(!8)(*</:!

3=)<*/:4*)3C!!_&23*'@!34&()'4!/BB*:*/4*%'3!A*4?!4?)!.'(*/'/!0'*1)23*45!

D<?%%:!%B!_&23*'@!/2)!%BB)2)(!/3!A)::C!

Overview of Analysis

F?)!)<%'%8*<!*8=/<4!/'/:53*3!<%8=:)4)(!B%2!.0!M)/:4?!3))E3!4%!

()8%'342/4)!4?)!*8=/<4!%B!.0!M)/:4?!6*'()=)'()'4!%B!.0DK7!/'(!J::!

.0;Q):/4)(!M)/:4?!O'4)2=2*3)3C"#!$%2!4?)!=&2=%3)3!%B!4?*3!34&(5-!4?)!

)<%'%8*<!/'/:53*3!=2)3)'4)(!>):%A!A/3!/'/:5P)(!/3!B%::%A3]!

!

!!!

!

!

!

!

!

!

!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"#!_%4)]!!.0!M)/:4?!6fhCh!>*::*%'7!</'!>)!/(()(!4%!4?)!4%4/:!.0!*8=/<4!>)</&3)!.0DK!*3!</=4&2)(!A*4?*'!4?)!.0!

)<%'%8*<!*8=/<4!/'/:53*3!/'(!'%4!*'!4?)!.0!M)/:4?!(/4/C!

,8!9#'+04!2->+&1#6G!J</()8*<!M)/:4?!T)'4)2!/'(!.0!M)/:4?G3!')4A%2E!%B!?%3=*4/:3!/'(!=2%1*()23C!!!

Z++!,8SU#+'0#1!9#'+04!_-0#%5%26#6!2->+&1#6G!.0!M)/:4?-!.0DK!/'(!*43!

/BB*:*/4*%'3!A*4?!N*3?/2(!M%3=*4/:!/'(!4?)!S)4)2/'G3!J(8*'*342/4*%'!

M%3=*4/:C!

!

!

48 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Economic Impact

F?)!%1)2/::!)<%'%8*<!*8=/<4!%B!.0!M)/:4?G3!%=)2/4*%'3!%'!4?)!34/4)!%B!.'(*/'/!*'!#,""!A/3!

;J<J!$2++2.-!6fiCh!>*::*%'!(*2)<4!*8=/<4!/'(!fiC,!>*::*%'!*'(*2)<4!/'(!*'(&<)(7C!N?)'!/'/:5P*'@!

4?)!<%8>*')(!*8=/<4!%B!J::!.0;Q):/4)(!M)/:4?!O'4)2=2*3)3-!A?*<?!*'<:&()3!4?)!)'4*2)!.0!M)/:4?!

3534)8!6*43!')4A%2E!%B!?%3=*4/:3!/'(!=2%1*()23!/'(!J</()8*<!M)/:4?!T)'4)27!/'(!.0DK!/'(!*43!

/BB*:*/4*%'3!A*4?!N*3?/2(!M%3=*4/:!/'(!4?)!SJ!M%3=*4/:-!4?)!4%4/:!)<%'%8*<!*8=/<4!*3!;M<)!$2++2.-!6fbC,!>*::*%'!(*2)<47C!!6D))!$*@&2)!#jC7!

!

Employment Impact

F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!.0!M)/:4?G3!%=)2/4*%'3!*'!4?)!34/4)!%B!.'(*/'/!*3!=PAL)P!B.$6!6#h-+kj!(*2)<4!9%>37C!F?)!4%4/:!)8=:%58)'4!*8=/<4!%B!/::!%B!.0;Q):/4)(!M)/:4?!O'4)2=2*3)3!*'!

4?)!34/4)!%B!.'(*/'/!*3!O=A*==!B.$6C!6D))!$*@&2)!#bC7!!!

!

!

$3.6 billion! $3.0 billion!

$6.6 billion!$5.0 billion! $4.1 billion!

$9.1 billion!

Direct! Indirect/Induced! Total!

Figure 24: Economic Impact of IU Health (in billions)!

IU Health ! All IU-Related Health Enterprises!

26,874 !jobs !

26,249!jobs !

53,123!jobs ! 39,116!

jobs ! 36,339!

jobs !

75,455!jobs !

Direct! Indirect/Induced! Total!

Figure 25: Employment Impact of IU Health (in jobs)!

IU Health! All IU-Related Health Enterprises!

!

INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA 49

Government Revenue Impact

.0!M)/:4?G3!%=)2/4*%'3!*'!34/4)!%B!.'(*/'/!@)')2/4)!;L=L<@!?2++2.-!=)2!5)/2!*'!(*2)<4!/'(!*'(*2)<4!34/4)!/'(!:%</:!4/H!2)1)'&)C!J::!.0;Q):/4)(!M)/:4?!O'4)2=2*3)3!@)')2/4)!;P==<J!?2++2.-!*'!34/4)!/'(!:%</:!@%1)2'8)'4!2)1)'&)C!6D))!$*@&2)!#hC7!!

!

!

! !

$252.0 million!$355.6 million!

IU Health! All IU-Related Health Enterprises!

Figure 26: Government Revenue Impact of IU Health!

!

1 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA !

Appendix A: Definition of Terms !

Study Year $*3</:!c)/2!#,",;#,""!6$c!",;""7-!\&:5!"-!#,",!d!\&')!i,-!#,""!

Total Economic Impact

F?)!4%4/:!)<%'%8*<!*8=/<4!%B!/'!*'34*4&4*%'!*'<:&()3!>%4?!4?)!(*2)<4!*8=/<4!/'(!4?)!*'(*2)<4!*8=/<4!@)')2/4)(!*'!4?)!)<%'%85!/3!/!2)3&:4!%B!4?)!*'34*4&4*%'C!

Direct Economic Impact

U*2)<4!*8=/<4!*'<:&()3!*4)83!3&<?!/3!*'34*4&4*%'/:!3=)'(*'@-!)8=:%5))!3=)'(*'@!/'(!3=)'(*'@!>5!1*3*4%23!4%!4?)!*'34*4&4*%'C!

Indirect Economic Impact

.'(*2)<4!*8=/<4-!/:3%!E'%A'!/3!4?)!8&:4*=:*)2!)BB)<4-!*'<:&()3!4?)!2);3=)'(*'@!%B!(%::/23!A*4?*'!4?)!:%</:!)<%'%85!>5!1)'(%23^3&==:*)23!/'(!?%&3)?%:(3C!

Multiplier Effect F?)!8&:4*=:*)2!)BB)<4!*3!4?)!/((*4*%'/:!)<%'%8*<!*8=/<4!<2)/4)(!/3!/!2)3&:4!%B!4?)!*'34*4&4*%'G3!(*2)<4!)<%'%8*<!*8=/<4C!R%</:!<%8=/'*)3!4?/4!=2%1*()!@%%(3!/'(!3)21*<)3!4%!/'!*'34*4&4*%'!*'<2)/3)!4?)*2!=&2<?/3*'@!>5!<2)/4*'@!/!8&:4*=:*)2C!

Direct Tax Payments

U*2)<4!4/H!=/58)'43!8/()!>5!/'!*'34*4&4*%'!4%!/!&'*4!%B!@%1)2'8)'4C!

Indirect Tax Payments

`%1)2'8)'4!2)1)'&)!4?/4!*3!<%::)<4)(!>5!@%1)2'8)'4/:!&'*43!*'!/((*4*%'!4%!4?%3)!=/*(!(*2)<4:5!>5!/'!*'34*4&4*%'-!*'<:&(*'@!4/H)3!=/*(!(*2)<4:5!>5!)8=:%5))3!%B!4?)!*'34*4&4*%'-!1*3*4%23!4%!4?)!*'34*4&4*%'!/'(!1)'(%23!A?%!3)::!=2%(&<43!4%!4?)!*'34*4&4*%'C!

Direct Employment F%4/:!'&8>)2!%B!)8=:%5))3!/4!4?)!*'34*4&4*%'!>/3)(!%'!4%4/:!9%>3C!

Indirect Employment

.'(*2)<4!)8=:%58)'4!*3!4?)!/((*4*%'/:!9%>3!<2)/4)(!/3!/!2)3&:4!%B!4?)!*'34*4&4*%'G3!)<%'%8*<!*8=/<4C!R%</:!<%8=/'*)3!4?/4!=2%1*()!@%%(3!/'(!3)21*<)3!4%!/'!*'34*4&4*%'!*'<2)/3)!4?)*2!'&8>)2!%B!)8=:%5))3!/3!=&2<?/3*'@!*'<2)/3)3-!4?&3!<2)/4*'@!/'!)8=:%58)'4!8&:4*=:*)2C!

!

!

!

1 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

Appendix B: IU Peer Institution Comparisons !

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!

1 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA !

Appendix C: Peer University Research Comparisons !

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!

1 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA !

Appendix D: Methodology

IMPACT ON STATE BUSINESS VOLUME AND GOVERNMENT REVENUE

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#

METHODOLOGY AND DATA UTILIZED FOR THE ESTIMATION OF THE ECONOMIC IMPACT OF INDIANA UNIVERSITY SYSTEM B1+#+5)/)'$5#$',&50#)7#!/2$&/&#"/$;+*%$0.#%.%0+'#:&%#+%0$'&0+2#4%$/6#!CDE>F#G!C,&50#>/&-.%$%#7)*#DE>F$/6H3#&/#+5)/)'+0*$5#')2+-$/6#%.%0+'#2+;+-),+2#<.#&,,-$+2#+5)/)'$%0%#&0#01+#"/$;+*%$0.#)7#C$//+%)0&#&/2#01+#"8I8#J)*+%0#I+*;$5+8#B1+#!CDE>F#')2+-$/6#%.%0+'#1&%#<++/#$/#4%+#%$/5+#KLML#&/2#$%#54**+/0-.#4%+2#<.#);+*#NOO#,*$;&0+#5)/%4-0$/6#7$*'%3#4/$;+*%$0.#*+%+&*51#5+/0+*%#&/2#6);+*/'+/0#&6+/5$+%8#B1+#!CDE>F#')2+-$/6#%.%0+'#5)'<$/+%#01+#"8I8#94*+&4#)7#P5)/)'$5#>/&-.%$%Q#!/,40AR40,40#9+/51'&*S%#:$01#)01+*#2&0&#0)#5)/%0*450#T4&/0$0&0$;+#')2+-%#)7#0*&2+#7-):#*+-&0$)/%1$,%#<+0:++/#<4%$/+%%+%#&/2#<+0:++/#<4%$/+%%+%#&/2#7$/&-#5)/%4'+*%8#J*)'#01$%#2&0&3#)/+#5&/#+=&'$/+#01+#+77+50%#)7#&#51&/6+#$/#)/+#)*#%+;+*&-#+5)/)'$5#&50$;$0$+%#0)#,*+2$50#$0%#+77+50#)/#&#%,+5$7$5#%0&0+3#*+6$)/&-#)*#-)5&-#+5)/)'.#G$',&50#&/&-.%$%H8#B1+#!CDE>F#$/,40A)40,40#&55)4/0%#5&,04*+#&--#')/+0&*.#'&*S+0#0*&/%&50$)/%#7)*#5)/%4',0$)/#$/#&#6$;+/#0$'+#,+*$)28#B1+#!CDE>F#$/,40A)40,40#&55)4/0%#&*+#<&%+2#)/#$/24%0*.#%4*;+.#2&0&#5)--+50+2#,+*$)2$5&--.#<.#01+#"8I#9P>#&/2#7)--):#&#<&-&/5+2#&55)4/0#7)*'&0#*+5)''+/2+2#<.#01+#"/$0+2#F&0$)/%8#

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2 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA

B1+#')2+-#&55)4/0%#7)*#%4<%0$040$)/#&/2#2$%,-&5+'+/0#+77+50%#<.#2+7-&0$/6#$/24%0*.A%,+5$7$5#'4-0$,-$+*%#0)#-+;+-%#:+--#<+-):#01)%+#*+5)''+/2+2#<.#01+#"8I8#94*+&4#)7#P5)/)'$5#>/&-.%$%8#!/#&22$0$)/3#'4-0$,-$+*%#&*+#&,,-$+2#)/-.#0)#,+*%)/&-#2$%,)%&<-+#$/5)'+#0)#)<0&$/#&#')*+#*+&-$%0$5#+%0$'&0+#)7#01+#'4-0$,-$+*#+77+50%#7*)'#$/5*+&%+2#2+'&/28#!',)*0&/0-.3#!CDE>FQ%#U+6$)/&-#P5)/)'$5#>55)4/0%#+=5-42+#$',)*0%#0)#&/#+5)/)'$5#&*+&3#%)#01+#5&-54-&0$)/#)7#+5)/)'$5#$',&50%#$2+/0$7$+%#)/-.#01)%+#$',&50%#%,+5$7$5#0)#01+#+5)/)'$5#$',&50#&*+&3#$/#01$%#5&%+#01+#I0&0+#)7#!/2$&/&8#!CDE>F#5&-54-&0+%#01$%#2$%0$/50$)/#<.#&,,-.$/6#U+6$)/&-#D4*51&%+#W)+77$5$+/0%#GUDWH#0)#,*+2$50#*+6$)/&-#,4*51&%+%#<&%+2#)/#&/#+5)/)'$5#&*+&Q%#,&*0$54-&*#51&*&50+*$%0$5%8#B1+#UDW#*+,*+%+/0%#01+#,*),)*0$)/#)7#6))2%#&/2#%+*;$5+%#01&0#:$--#<+#,4*51&%+2#*+6$)/&--.#4/2+*#/)*'&-#5$*54'%0&/5+%3#<&%+2#)/#01+#&*+&Q%#+5)/)'$5#51&*&50+*$%0$5%#2+%5*$<+2#$/#0+*'%#)7#&504&-#0*&2+#7-):%#:$01$/#01+#&*+&8#

MODEL INPUTS AND DATA SOURCES C)2+-#$/,40%#$/5-42+2#&504&-#JX#KOAKK#+=,+/2$04*+%#,*);$2+2#<.#7)*#+&51#)7#01+#"/$;+*%$0.#W&',4%+%#&/2#!"#Y+&-018

!

1 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA !

Appendix E: FAQ’s Regarding Economic Impact Assessment What is economic impact?

P5)/)'$5#$',&50#<+6$/%#:1+/#&/#)*6&/$Z&0$)/#%,+/2%#')/+.8#P5)/)'$5#$',&50#%042$+%#'+&%4*+#01+#2$*+50#+5)/)'$5#$',&50#)7#&/#)*6&/$Z&0$)/Q%#%,+/2$/63#,-4%#&22$0$)/&-#$/2$*+50#%,+/2$/6#$/#01+#+5)/)'.#&%#&#*+%4-0#)7#2$*+50#%,+/2$/68#P5)/)'$5#$',&50#1&%#/)01$/6#0)#2)#:$01#2)--&*%#5)--+50+2#<.#$/%0$040$)/%3#01+$*#,*)7$0&<$-$0.#)*#+;+/#01+$*#%4%0&$/&<$-$0.3#%$/5+#&--#),+*&0$/6#)*6&/$Z&0$)/%#1&;+#&#,)%$0$;+#+5)/)'$5#$',&50#:1+/#01+.#%,+/2#')/+.#&/2#&00*&50#%,+/2$/6#7*)'#)40%$2+#%)4*5+%8#

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

What is the multiplier effect?

C4-0$,-$+*%#&*+#&#/4'+*$5#:&.#)7#2+%5*$<$/6#01+#%+5)/2&*.#$',&50%#%0+''$/6#7*)'#01+#),+*&0$)/%#)7#&/#)*6&/$Z&0$)/8#J)*#+=&',-+3#&/#+',-).'+/0#'4-0$,-$+*#)7#K8]#:)4-2#%466+%0#01&0#7)*#+;+*.#KO#+',-).++%#1$*+2#$/#01+#6$;+/#$/24%0*.3#+$610#&22$0$)/&-#()<%#:)4-2#<+#5*+&0+2#$/#)01+*#$/24%0*$+%3#%451#01&0#K]#0)0&-#()<%#:)4-2#<+#&22+2#0)#01+#6$;+/#+5)/)'$5#*+6$)/8#B1+#'4-0$,-$+*%#4%+2#$/#01$%#%042.#*&/6+#7*)'#K8]#0)#^8O8#

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!

2 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA !

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

• !"#$%&'$(($%&)#0&S+#,-&5+#)/-.#$/#01+#$/24%0*.#$''+2$&0+-.#<+$/6#%042$+28#

• *+,"#$%&'$(($%&)#5)/5+*/#$/0+*A$/24%0*.#0*&/%&50$)/%\#<+5&4%+#!"#&/2#!"#Y+&-01#&*+#$/#<4%$/+%%3#01+.#1&;+#&#2+'&/2#7)*#-)5&--.#,*)245+2#'&0+*$&-%#/++2+2#0)#),+*&0+8##

• *+,-%$,'$(($%&)#'+&%4*+#01+#+77+50%#)7#01+#51&/6+%#$/#1)4%+1)-2#$/5)'+\#+',-).++%#)7#!"3#!"#Y+&-01#&/2#%4,,-$+*%#,4*51&%+#7*)'#-)5&-#*+0&$-+*%#&/2#*+%0&4*&/0%8##

• ./&01'2%/+/3"%'*340%&)#01+#0)0&-#51&/6+%#0)#01+#)*$6$/&-#+5)/)'.#&%#01+#*+%4-0#)7#01+#!"#&/2#!"#Y+&-01Q%#),+*&0$)/%8#$8+83#[$*+50#+77+50%#_#!/2$*+50#+77+50%#_#!/245+2#+77+50%#`#B)0&-#P5)/)'$5#!',&50%#

What methodology was used in this study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

What is employment impact?

P',-).'+/0#$',&50#'+&%4*+%#01+#2$*+50#+',-).'+/0#G+',-).++%3#%0&773#7&54-0.3#&2'$/$%0*&0$)/H#,-4%#&22$0$)/&-#+',-).'+/0#5*+&0+2#$/#01+#+5)/)'.#&%#&#*+%4-0#)7#01+#),+*&0$)/%#)7#!"#&/2#!"#Y+&-018#

!/2$*+50#&/2#!/245+2#+',-).'+/0#$',&50#*+7+*%#0)#)01+*#+',-).++%#01*)461)40#01+#*+6$)/#01&0#+=$%0#<+5&4%+#)7#!"Q%#+5)/)'$5#$',&508#!/#)01+*#:)*2%3#()<%#*+-&0+2#0)#01+#,),4-&0$)/#a#5$0.#%+*;$5+%#G,)-$5+3#7$*+H3#+',-).++%#&0#-)5&-#1)0+-%#&/2#*+%0&4*&/0%3#5-+*S%#&0#-)5&-#*+0&$-#+%0&<-$%1'+/0%3#*+%$2+/0%#+',-).+2#<.#;+/2)*%#4%+2#<.#!"8#

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3 INDIANA UNIVERSITY: ECONOMIC ENGINE FOR INDIANA !

What is the difference between direct and indirect taxes?

[$*+50#0&=#2)--&*%#$/5-42+#%&-+%#0&=+%#&/2#/+0#5)*,)*&0+#$/5)'+#0&=+%#,&$2#2$*+50-.#<.#01+#$/%0$040$)/#0)#01+#%0&0+3#:1$-+#$/2$*+50#0&=+%#$/5-42+#0&=+%#,&$2#0)#01+#%0&0+#<.#;+/2)*%#01&0#2)#<4%$/+%%#:$01#!/2$&/&#"/$;+*%$0.3#!"#Y+&-01#&/2#$/2$;$24&-%8#

Is this a one-time impact or does the impact repeat each year?

B1+#*+%4-0%#,*+%+/0+2#$/#01+#!"#+5)/)'$5#$',&50#%042.#&*+#6+/+*&0+2#)/#&/#&//4&-#<&%$%8#B1+#+5)/)'$5#$',&50#$/#7404*+#.+&*%#5&/#+$01+*#<+#1$61+*#)*#-):+*#<&%+2#)/#/4'<+*#)7#+',-).++%3#%042+/0%3#5&,$0&-#+=,&/%$)/3#$/5*+&%+%#$/#+=0+*/&-#*+%+&*51#&/2#%0&0+#&,,*),*$&0$)/%8##

What are Tripp Umbach’s qualifications to perform an Economic Impact Study for Indiana University and IU Health?

B*$,,#"'<&51#$%#01+#/&0$)/&-#-+&2+*#$/#,*);$2$/6#+5)/)'$5#$',&50#&/&-.%$%#0)#-+&2$/6#1+&-015&*+#)*6&/$Z&0$)/%3#4/$;+*%$0$+%#&/2#&5&2+'$5#'+2$5&-#5+/0+*%8#b+#1&;+#5)',-+0+2#')*+#01&/#KNO#+5)/)'$5#$',&50#%042$+%#);+*#01+#,&%0#^O#.+&*%#7)*#5-$+/0%#%451#&%\#B1+#D+//%.-;&/$&#I0&0+#"/$;+*%$0.3#B1+#R1$)#I0&0+#"/$;+*%$0.3#B1+#"/$;+*%$0.#)7#b&%1$/60)/3#B1+#"/$;+*%$0.#)7#!):&3#">93#W-+;+-&/2#W-$/$53#"/$;+*%$0.#)7#J-)*$2&#I1&/2%#Y+&-01W&*+3#01+#"/$;+*%$0.#)7#F)*01#W&*)-$/&#Y)%,$0&-%3#01+#"/$;+*%$0.#)7#D+//%.-;&/$&#C+2$5&-#W+/0+*3#01+#"/$;+*%$0.#)7#D$00%<4*61#C+2$5&-#W+/0+*#&/2#01+#R1$)#I0&0+#"/$;+*%$0.#C+2$5&-#W+/0+*8##

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