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South Bend Redevelopment Commission <br />Regular Meeting –June 4, 2010 <br /> <br />6. NEW BUSINESS (CONT.) <br /> <br />B. Airport Economic Development Area <br /> <br />(5) continued… <br /> <br />of your employees can get here.” We need to <br />assemble the list. <br /> <br />Some research parks are locating tech high <br />schools at their research parks. At risk kids, <br />preparing for some of the lowest jobs at the <br />tech park, but some of them go on to four <br />year colleges. <br /> <br />Tech parks are doing entrepreneurship <br />programs for high school students. BizWiz <br />in Fort Wayne mentors high school students <br />so they can develop internet based businesses <br />and earn money. When they go off to <br />college they can continue that job. The hope <br />is that they will start and continue their <br />business in Indiana. <br /> <br />Funding is the fourth column. We’ve <br />invested $17.4M acquiring and cleaning up <br />Ignition Park. We have committed another <br />$50M. There will be many, many <br />worthwhile projects for that $50M. They are <br />not all bricks and mortar. We’ll have to <br />provide tax incentives because everybody <br />else does. We are going to have to provide <br />more or different than everyone else does. <br />All localities can’t all be providing the same <br />incentives. Any country which has the <br />financial capability is running toward the <br />same beacon: innovation and technology. In <br />commercialization, the first phases are the <br />hardest to get funding for: seed and second <br />stage funding. The federal government is <br />providing less funding and state government <br />is attaching requirements for its funds that <br /> 17 <br /> <br />