Press release from from the Indiana Economic Development Corporation:
Indiana Opens Doors to New Opportunities with China
(INDIANAPOLIS – May 21, 2010) – The Indiana Economic Development Corporation announced today it has opened an office in Zhejiang Province, Indiana’s Chinese sister-state.
The Zhejiang office, Indiana’s seventh international location, was established to actively sell the benefits of the Hoosier state to Chinese companies. Indiana has an existing office in Beijing which opened in 1987.
“Since my initial jobs trip last fall, evidence continues to show the opportunity for strengthened business ties is ripe, so effective immediately we are doubling Hoosier representation in China,” said Governor Mitch Daniels. “Though the relationship is young, the dialogue with Chinese business prospects over the past eight months has been continuous and I am very enthusiastic about advancing the economic discussions.”
Indiana counts China as its largest Asian trading partner and sixth-largest export country in the world. Export growth to China has accelerated dramatically from $294 million in 2004 to $930 million in 2008 according to a 2009 report prepared by the Indiana Business Research Center.
This announcement comes on the heels of recent visits from the Chinese Consul General, a Chinese delegation from Ningde City and executives from Shanghai Top Motor, a China-based manufacturing firm the governor visited on his trade mission in 2009. In March, the governor joined the company and its recently formed U.S. affiliate, Techtop Motor LHP, for a grand opening of the company’s 60,000 square-foot logistics center in Columbus.
Created by Governor Mitch Daniels in 2005 to replace the former Department of Commerce, the Indiana Economic Development Corporation is governed by a 12-member board chaired by Governor Daniels. Mitch Roob serves as the chief executive officer of the IEDC. For more information about IEDC, visit www.iedc.in.gov.