|FOR IMMEDIATE RELEASE
Gov. Holcomb Visits Indiana’s Largest Foreign Investor, Strengthens Ties with Aichi Prefecture in Japan
NAGOYA, Japan (Sept. 6, 2019) – Governor Eric J. Holcomb, First Lady Janet Holcomb, Indiana Secretary of Commerce Jim Schellinger and the Indiana Economic Development Corporation (IEDC) delegation traveled to Japan today, marking the Governor’s second economic development trip to the state’s largest foreign direct investor.
In Nagoya, the delegation focused on advancing economic partnerships with Aichi Prefecture, meeting with prefectural government officials and representatives of Japanese businesses based in the country’s manufacturing center. Aichi Prefecture is home to nearly 70 businesses with operations in Indiana, with companies like Aisin, DENSO, Toyota, Toyota Industrial and Toyota Tsusho headquartered there. Indiana is among the top five U.S. states for number of business establishments from Aichi Prefecture.
Gov. Holcomb and Aichi Governor Hideaki Ohmura met to commemorate the memorandum of friendship and cooperation the two governors signed in 2017, recognizing the strong ties between Indiana and Aichi Prefecture. Since that time, the two have worked to host a number of bilateral delegations to support increased business and cultural exchanges to further develop both regions.
Gov. Holcomb and the delegation participated in a business roundtable event hosted by the Nagoya Chamber of Commerce and Central Japan Economic Federation. During the event, Gov. Holcomb expressed appreciation for the many Aichi-based companies that have recently invested in Indiana, including ATTC Manufacturing (Perry County), Aisin Drivetrain (Jackson County), DENSO (Clark County), Toyota Tsusho (Tippecanoe County), Vuteq USA (Gibson County) and OSR (Bartholomew County).
Secretary Schellinger also addressed the group, which included both long-time and recent investors in Indiana. He highlighted Indiana’s strong manufacturing sector, which supports 8,500 businesses and ranks No. 2 in the nation by GDP, and provided an overview of IEDC resources available to businesses as well as various Next Level initiatives that are enhancing connectivity, innovation, talent and communities across the state.
In the evening, Gov. Holcomb, First Lady Holcomb, Secretary Schellinger and the delegation hosted a Friends of Indiana reception in Nagoya to celebrate the Japan-Indiana partnership and thank business executives, government officials and stakeholders for their contributions to the state and for furthering the Japan-Indiana relationship.
This marks Gov. Holcomb’s second trip to Japan. Indiana is home to approximately 319 Japan-based business facilities, supporting more than 67,200 Hoosier jobs. The number of Japanese business facilities in Indiana has increased by more than 20% over the last five years. More information on economic and trade ties between Indiana and Japan is available here.
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.
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Erin Sweitzer (IEDC) – 317.296.2556 or firstname.lastname@example.org