Indy Partnership Courting Renewable Energy Firms at First German-American Energy Conference in Berlin

Private economic development organization works to bring jobs and investment from European renewable energy firms to the 10-county Indianapolis Region

BERLIN, GERMANY (March 25, 2009) — With the Obama Administration pledging $150 billion to aid the renewable energy sector, companies worldwide plan to expand operations or enter U.S. energy markets for the first time this year.

Because Indiana has one of the most productive manufacturing workforces in the nation1, a considerably more favorable tax climate2 than our neighboring states, and the current number one national ranking in employment from foreign direct investment3, conditions are good to attract new investment from renewable energy firms and create potentially thousands of jobs for Hoosiers.

Representatives from Indy Partnership will attend the German-American Energy Conference (March 30-April 2), which includes numerous panel discussions and keynote presentations by global experts in the fields of solar energy, wind energy and bio energy.

“The panels and speeches are valuable to us for refining our messages designed to attract renewable energy jobs and investment to the Indianapolis Region,” said Kristie McKillip, director of business development for Indy Partnership. “But the key reason we are attending is to take advantage of the networking and sales opportunities throughout the conference. Our strategy is to keep the Indianapolis Region top-of-mind with European renewable energy firms, and to raise awareness of the advantages of locating a business in our region.”

McKillip cited Central Indiana’s qualified advanced manufacturing workforce, access to raw materials that renewable energy companies require, the state’s advanced logistics industry and central location, as well as our favorable tax climate and lower cost of doing business as critical assets in the pursuit of new investment and jobs from renewable energy firms. The Indianapolis Region also can boast about the Lugar Center for Renewable Energy at IUPUI—a significant research and workforce development asset.

Rob Sparks, executive director of the Madison County Corporation for Economic Development and a member of the Indy Partnership, said that attraction efforts focused on alternative energies are of great importance to the city of Anderson and Madison County. Some of the nation’s most advanced and commercially promising alternative energy research and development is taking place at the Flagship Enterprise Center in Anderson and other locations along Interstate-69 in Madison County.

Alternative Energy companies located in or near Madison County include Brevini USA/Brevini Wind, Remy International, Altair Nanotechnologies, I Power Energy Systems and Bright Automotive.

EnerDel Lithium Power Systems, with operations located on the Northeast side of Indianapolis in Marion County and in Hamilton County, is currently the only company in the U.S. offering a fully capable manufacturing process, or end-to-end battery solution for hybrid electric cars. Also of note, Allison Transmission, a leading developer of hybrid vehicle components, is located on the Westside of Indianapolis in Marion County.

The trip was planned in cooperation with IEDC’s Director of International Development Steve Akard, and Michael Krueger with IEDC Europe.

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. The Indianapolis Region is made up of 10 central Indiana counties including Boone, Hamilton, Hancock, Hendricks, Johnson, Madison, Marion, Morgan, Monroe, and Shelby counties. The Indy Partnership works collaboratively with local economic development officials, government, universities, and the business community. 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.

# # #

1 According to the Census of Manufacturers, Indiana is ranked as the number one state for productivity per manufacturing employee in the Midwest.

2 According to the Tax Foundation, Indiana offers the “Best Business Tax Climate in Midwest” and 12th in U.S.

3 According to the Global Location Trends report released by IBM Global Business Services, Indiana leads the nation in attracting new jobs through foreign investment for the second consecutive year on a per capita basis.