2. Purdue University Advanced Manufacturing Summit Indiana Government Presentation Wednesday, March 25, 2009 E. Mitchell Roob, Jr. Secretary of Commerce

3. Commitments for New Jobs, Investment New Capital Investment * As of 03/20/09 Since its creation, the IEDC has worked with over 650 businesses who have committed to create more than 80K new jobs and invest over $19B The average wage for new jobs committed in 2009 is $20.39/hour – well above state average of $18/hour. New Job Commitments 200320042005200620072008 2005200620072008Billions 2009*

4. Increasing Hoosier Income * As of 03/20/09 * As of 03/10/09

5. * As of 03/20/09 Direct state incentives include tax credits, training grants and infrastructure assistance Tax credits are performance-based linked to IEDC certification of new jobs Average time of return on investment: approximately 2 years Low cost of incentives yields quicker return 200520062007200820042009*

6. Indiana continues to seek a high return on its investment in the form of dollars in Hoosiers’ pockets. $3.22 $5.64 $5.88 $4.61 $ 3.41

7. First Quarter Results Comparison (1/1 – 3/24) 33 $414.4M 2,413 28 3,433 3,504 3,433 3,504

8. More than 15,800 new jobs & $8 Billion investment from FDI since 2005 First in North America for attraction of production jobs through FDI Focus on Asia, Europe creating new jobs for Hoosiers In-Sourcing 8

9. $2.0 B $509 M $800 M $640 M $218 M $500 M $65 M $604 M $58 M $56 M $211 M $426 M $137 M $342 M $341 M $594 M $9.0 B $2.3 B $2.5 B $1.1 B $1.6 B $14.8 B $5.0 B $459 M $838 M $691 M $2.4 B $751 M $250 M $2.1 B $1.7 B $372 M $871 M $1.138 B $1.2 B $1.0 B Source: Center for Budget and Policy Priorities and various news clips Figures reflect best available information on FY09 budget shortfalls. States shaded red without shortfall figures are projecting FY10 budget shortfalls. Surplus Deficit $606 M $88 M $1.7 B $295 M $917 M $1.65 B $310 M $1.65 B 6/27/2015 Projected 2009 & 2010 State Budget Shortfalls

10. 1st in the Midwest and 11th nationally Best Places for Business Survey 543 top CEOs Source: Chief Executive Magazine, Jan./Feb. 2009 Executives Rank Indiana Best in Midwest

11. Skills Enhancement Fund (SEF) 21 st Century Research and Technology Fund IEDC Programs

12. Skills Enhancement Fund Provides reimbursement of eligible training expenses to businesses committed to training their workforce. Could be applied toward implementation of corporate sustainability programs including: o Waste prevention o Clean processing o Lean manufacturing o Specific Quality Initiatives

13. 21 st Century Research and Technology Fund Provides seed capital to promising entrepreneurial ventures developing innovative technology Leverages Indiana’s network of business and academic partners Creates high-wage, high-skill jobs in Indiana through commercialization of new technology-based products Awards range from $100,000 to $2,000,000 Proposals accepted year-round

14. Stimulus Update GOAL: To leverage the federal dollars to create assets of lasting economic value State’s role is to maximize participation and ensure funds are used effectively 2 Streams of Funding: o Formula-based o Competitive Grants INvest.IN.gov