Indiana’s Two Largest Regional Economic Development Groups and Duke Energy Join Forces to Attract New Indiana Jobs from European Companies

INDIANAPOLIS/FT. WAYNE, Ind. (April 15, 2010) — For the second time in seven months, Indy Partnership, Northeast Indiana Regional Partnership, and Duke Energy Indiana Economic Development are joining forces to present a united message during their meetings with executives in Germany and Britain. That message is explaining why Indiana is far exceeding all other Midwest states in direct foreign investment.

According to an Indiana University Kelley School of Business report from last year, more than 65 percent of the foreign direct investment in the state of Indiana comes from Europe, which represents more than 14,000 jobs statewide.

During the trade mission from April 21-29, Kristie McKillip of Indy Partnership, Dale Buuck of Northeast Indiana Regional Partnership and Bill Petranoff of Duke Energy Indiana will meet with more than 20 advanced industrial manufacturers at the Hanover Messe trade show. Hanover Messe is one of the world’s largest industrial trade fairs. Most of the pre-arranged meetings the three economic development partners have secured are focused on manufacturers in the renewable energy, advanced manufacturing and electric vehicle drive systems markets.

The partners will then travel to London for a series of meetings and events planned in conjunction with the Indiana Economic Development Corporation London Office. The events will provide prospects with information about doing business in Indiana.

The trade mission has been planned in close cooperation with the Indiana Economic Development Corporation (IEDC), Indianapolis Economic Development Inc., IEDC Europe and other Indiana economic development partners.

About The Indy Partnership
The Indy Partnership is a privately-funded, not-for-profit organization dedicated to bringing new jobs and capital investment to the Indianapolis Region—10 central Indiana counties including Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Morgan, Monroe, and Shelby counties. Working collaboratively with local economic development officials, government, universities, and the business community, the Indy Partnership secures the Indianapolis Region relocation of companies through superior economic development services. Key services include point of contact for business development leads, incentives assistance, business research and demographic data, and regional marketing. For more information please visit www.indypartnership.com.

About the Northeast Indiana Regional Partnership
Created in 2006, the Northeast Indiana Regional Partnership's mission is to market the 10-county region and team with local economic development organizations (LEDOs) to bring new jobs and commercial investment to the area. The Partnership concluded a successful Investment campaign in October of 2006 targeting an initial operating period of five years. The RP's global marketing efforts will be on behalf of LEDO's in Adams, Allen, DeKalb, Huntington, LaGrange, Noble, Steuben, Wabash, Wells and Whitley counties. Additional detail is available at: www.chooseNEindiana.com.

About Duke Energy Indiana
Duke Energy’s Indiana operations provide approximately 7,300 megawatts of safe, reliable and competitively priced electricity to more than 775,000 electric customers, making it the state’s largest electric supplier. Headquartered in Charlotte, N.C., Duke Energy is a Fortune 500 company traded on the New York Stock Exchange under the symbol DUK. More information about the company is available on the Internet at: www.duke-energy.com.  To learn more and contribute to the discussion about the energy issues of today and the possibilities of tomorrow see www.sheddingalight.org.