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Department of
a Community Investment
1865
Memorandum
Monday, January 13, 2014
TO: Redevelopment Commissioners
FROM: Chris Fielding
SUBJECT: Emu solutions
Emu Solutions is a high tech computer hardware /software company born from Intellectual Property
being licensed out of Innovation Park. Emu Solutions, Inc. develops hardware and software
technologies used for Big Data analytics. The company's patented technologies eliminate
the bottleneck that occurs when data flows between a computer's processor and its
memory. This problem, referred to as the "memory wall," is particularly important when
working with Big Data problems.
Emu's founders, including Peter Kogge, PhD., Jay Brockman, PhD., and Ed Upchurch, PhD.,
have more than 75 years of combined experience in both industry and academia in
numerous areas related to high end computing. Dr. Kogge, developer of the space shuttle
1/0 processor, the world's first multicore processor, and a number of other important
innovations, was named the recipient of the IEEE Computer Society's 2012 Seymour Cray
Computer Engineering Award.
Emu Solutions has submitted a Petition for Incentives through 2017 pledging to create 25 new jobs
with hourly wages ranging from $20 to $70 per hour for technical staff, $20 to $75 per hour for
Managerial staff and $15 to $30 for administrative staff. In addition, Emu Solutions commits to
investing $3,978,000 in South Bend for space and equipment to establish a headquarters.
The DCI has been in negotiations with Emu leadership and is requesting permission to move forward
with the preparation of a development agreement committing $500,000 of AEDA TIF funding to
purchase 2 servers to be leased back to Emu for a nominal fee after disposition procedures are
completed. The RDC would retain ownership of the equipment through the three year lease period,
and upon proof of satisfying total investment and job creation projections shall sell the equipment to
the company for the sum of $1. It is anticipated that standard clawback provisions will be built into
the development agreement that would require cash penalties in the event either commitment
should fall short of promises.
Upon approval by the RDC today, a development agreement will be drafted by City legal
representation and brought back for approval and execution at a date in February 2014
227 W. JEFFERSON BLVD. SOUTH BEND, IN 46601 1 P: 574 - 235 -9371 1 FAX: 574- 235 -9021 1 SOUTHBENDIN.GOV