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

16 TECH INNOVATION COMMUNITY

Indiana Life Sciences Summit

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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)

3 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/Amenity Industries Advanced Industries Advanced Business & Health Services

Indy Metro Empl 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

6 Performance Measures Indy Metro Urban Core Baltimore Urban Core Columbus Urban Core Denver Urban Core Nashville Urban Core Pittsburgh Urban Core Advanced Industries 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% Growth in population 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 nutrition

Mission

• Build a world-class organization of researchers, engineers,

and business professionals that catalyze activities across the Indiana (and beyond) life sciences community

Vision

• Scientific excellence
• Entrepreneurial mindset
• Collaborative nature

Values

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 Skill 39% Mid Skill 23% Low Skill 38%

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

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16 TECH INNOVATION COMMUNITY