Indiana launches program to attract logistics investment
"Conexus Indiana" is the first initiative to promote logistics opportunities at the statewide level, official says.
Indiana has launched what officials there say is the first statewide program to expand the role of logistics in attracting business investment. The program also aims to create jobs in a state that is struggling with double-digit unemployment.
The initiative, called "Conexus Indiana," is designed to steer businesses towards manufacturing and logistics opportunities, in part by highlighting the state's geographic allure as the self-styled "Crossroads of America." The initiative is part of a broad, multi-industry campaign that also involves luring companies and investors in the life sciences, information technology, and financial services sectors to the state, which in July reported a 10.2 percent unemployment rate, higher than the national average.
David Holt, Conexus Indiana's vice president, operations and business development, said that while cities like Columbus, Ohio, and Kansas City, Mo., have similar programs to draw investment by highlighting their logistics infrastructure, Indiana is the first state to have moved in that direction.
"There is no entity like us on a statewide level," he said.
Conexus Indiana will take what Holt called a "holistic approach" toward infrastructure development by demonstrating the interlocking roles of the four main transport modes in driving the state's economic growth prospects. Part of the strategic plan includes developing two or three intermodal yards. LaPorte, Evansville, Fort Wayne, and Avon, located outside of Indianapolis, are the four venues under consideration, Holt said.
Conexus Indiana is also involved in identifying the importance of two waterways locks to the region's barge traffic, Holt said. One is the Olmstead Lock, which is located in Illinois but which connects the Ohio and Mississippi rivers and affects traffic in Indiana and other states in the region. The other is the Soo Locks, which allow ships that carry about 40 percent of Indiana's iron ore shipments to travel between Lake Superior and the lower Great Lakes. The U.S. Army Corps of Engineers has deemed both locks at risk of catastrophic failure, according to Holt.
The program was financially seeded in 2007 with a three-year, $3 million grant from the foundation affiliated with drug giant Eli Lilly & Co. The Lilly foundation in December contributed another $3.4 million that will carry the program through the end of 2011, Holt said. To date, the Indianapolis-based company's contributions account for 70 percent of Conexus Indiana's total funding, according to Holt.
About the Author
Executive Editor - News
Mark Solomon has spent 25 years in the transportation, logistics and supply chain management fields as a journalist and public relations professional. From 1989 to 1994, he worked in Washington as a reporter for the Journal of Commerce, covering the aviation and trucking industries, the Department of Transportation, Congress and the U.S. Supreme Court. Prior to that, he worked for Traffic World for seven years in a similar role. From 1994 to 2008, Mr. Solomon ran Media-Based Solutions, a public relations firm based in Atlanta. Mr. Solomon graduated in 1978 with a B.A. in journalism from The American University in Washington, D.C.
More articles by Mark B. Solomon
- Bill re-introduced in House to create national hiring standard for truckers
- West Coast truckload rates in quiet before the expected demand storm
- West Coast ports begin clearing backlogs in wake of tentative contract agreement
- Now comes the hard part
- Ottensmeyer named president of Kansas City Southern
Join the Discussion
After you comment, click Post. If you're not already logged in, you will be asked to log in or register.
Feedback: What did you think of this article? We'd like to hear from you. DC VELOCITY is committed to accuracy and clarity in the delivery of important and useful logistics and supply chain news and information. If you find anything in DC VELOCITY you feel is inaccurate or warrants further explanation, please ?Subject=Feedback - : Indiana launches program to attract logistics investment">contact Editorial Director Peter Bradley. All comments are eligible for publication in the letters section of DC VELOCITY magazine. Please include you name and the name of the company or organization your work for.