Indiana Renews Chinese Sister-State Partnership, Strengthening Global Ties

INDIANAPOLIS  – Governor Eric J. Holcomb joined economic and cultural stakeholders from Indiana and China’s Zhejiang Province today to commemorate the 30th anniversary of the Indiana-Zhejiang sister-state relationship, celebrating economic, cultural and educational efforts shared between the two states.

“We are thrilled to celebrate our 30 years of friendship with Zhejiang Province and reaffirm our cultural and economic ties,” Gov. Holcomb said. “It’s partnerships like this that help propel Indiana and Zhejiang to new levels, creating new business opportunities and enhancing international trade. As our future unfolds, I look forward to seeing the benefits that come from our global partnership.”

During the celebration, Gov. Holcomb and Zhejiang Party Secretary Che Jun, the highest-ranking official in the province and a member of the Zhejiang Provincial People’s Congress, renewed the Indiana-Zhejiang sister-state agreement that dates back to 1987. The agreement reaffirms the Indiana-Zhejiang sister-state relationship to further enhance economic relations, encourage industrial innovation and foster cultural, educational and healthcare exchanges.

After the ceremony, government, educational and business leaders participated in a business matchmaking seminar, allowing China-based firms and Indiana companies with operations in China to strengthen trade opportunities. Guests also had the opportunity to visit a tourism exhibition, which highlighted Zhejiang’s culture and tourist destinations.

Since 2010, China-based companies have announced plans to invest $217.4 million and create more than 929 new jobs in Indiana. Earlier this year, BeijingWest Industries, Co. Ltd announced plans to locate its first U.S. production facility in Indiana, creating up to 440 new, high-wage jobs by 2021.

Indiana is home to approximately 800 foreign-owned business that provide more than 170,000 quality jobs for Indiana residents. In 2016, more than $1.7 billion in exports were sent to Chinese markets from Indiana, making the country Indiana’s fourth largest-export location in the world.

About IEDC
The Indiana Economic Development Corporation (IEDC) leads the state of Indiana’s economic development efforts, helping businesses launch, grow and locate in the state. Governed by a 15-member board chaired by Governor Eric J. Holcomb, the IEDC manages many initiatives, including performance-based tax credits, workforce training grants, innovation and entrepreneurship resources, public infrastructure assistance, and talent attraction and retention efforts. For more information about the IEDC, visit www.iedc.in.gov


Hancock County Proclamation Economic Development Week

May 8 – 13, 2017 National Economic Development Week

Hancock County Commissioners, Recognized 2017 as the 91st anniversary of the International Economic Development Council and as “The Year of the Economic Developer.”

The President of the Commissioners of Hancock County, Brad Armstrong, presented to the Hancock Economic Development Council a copy of the proclamation on May 2, 2017.

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Join us in celebrating Economic Development Week May 8-13, 2017!

Do you know who your local economic development organization is?

It is the Hancock County Economic Development Council (HEDC).

Their job is to help and assist business owners to start or expand their business. You could call the HEDC a liaison of sorts, between the business company and local government. Continue reading…


HEDC congratulates BWI on passage of tax abatement

On April 26, 2017 local officials congratulated BeijingWest Industries, Co. Ltd (BWI),  on the passage of tax abatement from the Greenfield City Council.

The Beijing-headquartered company, provides the highly-acclaimed MagneRide® suspension system, will invest more than $80 million to build and equip a new 276,514-square-foot manufacturing facility in Greenfield’s Progress Park. They plan to break ground on the new facility this summer and launch production in August 2019.

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China-Based Auto Component Manufacturer Chooses Greenfield for First U.S. Production Facility

GREENFIELD, Ind. – BeijingWest Industries, Co. Ltd. (BWI), a premier chassis supplier that designs and manufactures brake and suspension systems for the global automotive market, announced plans to locate its first U.S. production facility in Indiana, creating up to 441 new, high-wage jobs by 2021. Continue reading…


$7M, 7-bridge construction project

$7M, 7-bridge construction project on I-70 starts April 17, 2017

Milestone Contractors plans to set construction signs along I-70 on April 17, 2017 for a $7.2 million project to replace or maintain and preserve seven bridges in Hancock and Henry counties.

Overnight lane closures on I-70 can be expected in the following three construction zones starting on or after April 17 between 9 p.m. and 6 a.m. as crews set temporary concrete barriers and pave shoulders in preparation for future traffic shifts.

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First Quarter 2017 Update from HEDC

It was a busy first quarter for HEDC and a productive one for Hancock County.

“The year has started off with a large number of “requests for information,” according to HEDC director Nolan “Skip” Kuker. “We are working 13 very active projects, one of which is very close to being finished. Hancock County continues to be the focus of interest for development and recent Census data shows Hancock County as the 3rd fastest growing county in the State of Indiana, with no signs of slowing.”

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HEDC “On the Road”

HEDC “On the Road” at Greenfield-Central Educational Services Center

HEDC held its March meeting ‘on the road’ at the Greenfield-Central Educational Services Center. Dr. Harold Olin welcomed our board to this new facility for Greenfield-Central School Corporation, which houses The Academy at Greenfield Central and the Cougar Cubs Preschool.

We asked Dr. Olin about the history behind the project, as well as as the connection between economic development and our community’s education system.

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