16 TECH INNOVATION COMMUNITYIndiana 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

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At its heart, 16 Tech is a place dedicated to and designed for talent development, retention and attraction.

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)

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8.4%

9.8%

7.7%

3.6%

5.4% 5.5%

6.7%

4.7%

0%

2%

4%

6%

8%

10%

12%

Total Private Sector Sheltered/AmenityIndustries

Advanced Industries Advanced Business &Health Services

Indy MetroEmpl Ch. 2009-13

US Empl Ch.2009-13

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

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Indy Lags Competitive Metros in Talent Growth

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Growth in highly educated population over age 25 (Bachelor’s Degree and above), 2009–2013

7%

9%

11%

0% 2% 4% 6% 8% 10% 12%

Indy Metro

Indiana

U.S.

7%

9%

11%

13%

15%

17%

0% 5% 10% 15% 20%

Indy Metro

Columbus Metro

Baltimore Metro

Nashville Metro

Denver Metro

Pittsburgh Metro

Source: U.S. Census Bureau, American Community Survey., Battelle

Indy Similarly Outpaced in Talent Retention

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Performance MeasuresIndy Metro Urban Core

Baltimore Urban Core

Columbus Urban Core

Denver Urban Core

Nashville Urban Core

Pittsburgh Urban Core

Ad

van

ced

In

du

stri

es Job Growth from 2009–2013 (% change) -0.1% -8.5% 5.7% 14.6% 6.2% 9.8%

Share of Metro Advanced Industries Employment 67% 14% 64% 31% 32% 62%

Gro

wth

in

po

pu

lati

on

Total 4% -2% 5% 6% 4% 1%

20-24 years old 15% 5% 17% 7% 9% 5%

25-34 years old 0% 0% -5% 7% 5% 9%

Highly educated 3% 9% 9% 20% 11% 17%

Highly educated foreign-born 2.016 3,230 1,577 1,042 1,899 9,477

Net migration to other states of highly educated -5,353 -2,281 -5,429 17,890 4,115 -247

Urban core performance measures for benchmark regions

Source: Battelle

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

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16 Tech Desired for Years

1899 City Map - Site has been source of water since 19th 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.

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Indiana Biosciences Research Institute

• Become the leading industry driven research institute in the discovery and development of innovative solutions to improve metabolic health and nutritionMission

• Build a world-class organization of researchers, engineers, and business professionals that catalyze activities across the Indiana (and beyond) life sciences communityVision

• Scientific excellence

• Entrepreneurial mindset

• Collaborative natureValues

IBRI Stakeholders

COLLEGES, HOSPITALS, & INSTITUTIONS

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Connecting Ideas, Research & Talent to 16 Tech

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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

PUBLIC REALM

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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

PHASE 1 BUILDING USES

RESEARCH/ INNOVATION: 715K SF

RESIDENTIAL: 450K SF (360 D.U.)

FLEX/AMENITY: 183K SF

RETAIL: 150K SF

HOTEL: UP TO 180K SF (300 KEYS)

P PARKING: 3600 CARS

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FULL BUILD-OUT DEVELOPMENT PROGRAM:• MAKER COMMUNITY TOWARDS 16th STREET

(TINKER STREET)• HIGHER DENSITY CORPORATE CAMPUS

TOWARDS SOUTHEAST OF SITE• 5.4M SF OF DEVELOPMENT (INCL. PH 1)

FULL BUILD OUT USES

RESEARCH/ INNOVATION: 2.8M SF

RESIDENTIAL: 1.7M SF (1400 D.U.)

FLEX/AMENITY/MAKER: 350K SF

RETAIL: 250K SF

HOTEL: UP TO 300K SF (480 KEYS)

PARKING: 10,200 CARS

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IBRI BUILDING, LAB SPACE, INCUBATOR, MAKER SPACE, & MEETING HALL

THE MAIN HUB

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16 Tech Job Impact by Skill Level & Sector*

High Skill39%

Mid Skill23%

Low Skill38%

Percentage of Employment by Skill Level

Science, Tech & Engineering

45%Information Technology

45%

Business Services

10%

Percentage of Employment by Sector

*All figures in this document are estimates for Phase I by Battelle and are subject to change as 16 Tech develops over time.

• Over the first, ten-year phase, an estimated 2,678 jobs are created

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

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16 Tech will take the communities’ lead on priorities and desired support through conversations with leadership and residents

16 TECH - FINAL DRAFT MASTER PLAN

16 TECH MASTER PLANNING | INDIANAPOLIS, IN | JUNE 2015 20

16 TECH INNOVATION COMMUNITY