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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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…