Indy Partnership Business Development Director in Germany Promoting Indianapolis Region to Renewable Energy Firms

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Private economic development organization works to bring renewable energy firms and other jobs and investment to the 10-county Indianapolis Region
INDIANAPOLIS (October 31, 2008) — Foreign renewable energy companies are eager to tap into the vast growth potential presented by America’s need for energy independence. Indy Partnership, the nonprofit economic development organization representing 10 Central Indiana counties, is implementing a long-term international strategy to ensure that the Indianapolis Region is top-of-mind for renewable energy firms—beginning with Germany.

“Though the scope of this trip is broader based and we will explore bringing any and all new investment back home to the Indianapolis Region, there is a definite focus on renewable energy because Germany is known for its advances in the field,” said Kristie McKillip, business development director for Indy Partnership. “Central Indiana has the manufacturing workforce and access to raw materials that renewable energy companies require, and our advanced logistics industry and central location deliver a lower cost of doing business than neighboring states.”

McKillip said that in addition to renewable energy firms, she will be meeting with a leading global location and expansion consultant based in Berlin, Germany who works with companies worldwide.

According to a 2007 Indiana Economic Development Corporation (IEDC) report, German-based companies represent 14% of all companies and all dollar investment of foreign origin in the Indianapolis Region. And according to the latest annual 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. The Indianapolis Region also can boast about the Lugar Center for Renewable Energy at IUPUI—a significant research and workforce development asset.

Bill Petranoff, economic development manager for Duke Energy, will accompany McKillip and participate in meetings with companies and the aforementioned leading global consultant. The trip was planned in cooperation with IEDC’s Director of International Development Steve Akard, and Michael Krueger with IEDC Europe. According to Ron Gifford, president and CEO of Indy Partnership, this effort in Germany is just one example of an ongoing process of building relationships throughout Europe and Asia that could lead to new jobs and investment in the Indianapolis Region.

Gifford said that Indiana has a much lower cost of doing business than the states that currently lead the U.S. in renewable energy.

“In some cases, it would cost a company more than double in taxes and labor compared to what it would cost to invest in new operations in Indiana, and that’s even before factoring in the logistical cost savings from our central location,” Gifford said. “These types of economic development advantages are appealing to all companies, including those involved with renewable energy.”