Focus on Foreign Direct Investment at Japan-Northeast Indiana Summit
Summit Showcases Close Relationship with Japan
At the event, government, community and business leaders learned about Japan-Indiana business relations from industry experts representing Japan, the State of Indiana and local government and economic development organizations.
Schellinger explained how Indiana is a pro-business, pro-growth state which is appealing to Foreign Direct Investment (FDI). Rightfully so, the Japanese have viewed Indiana as a strong investment state for many years with over 280 Japanese-owned businesses operating within the Hoosier borders. Japan is Indiana’s strongest FDI partner. Japanese companies have 24 locations in 10 counties in Northeast Indiana, employing thousands of people.
Tasked by the Japanese Ministry of Foreign Affairs, Consul-General Naoki Ito created a grassroots caravan to visit locations within his 10-state territory. The strategy of bringing together Japanese-owned business leaders and local decision makers within Northeast Indiana proved to be successful through the summit’s over 70 attendees.
Topics during the summit included:
- Indiana’s remarkable AAA credit rating and sought-after low tax rates
- Japan’s increased interest in investing in Indiana (specifically Northeast Indiana)
- Examples of Japanese-owned companies thriving in Northeast Indiana
- Awareness for skilled, talented workforce
- Network of support from organizations such as Japan External Trade Organization (JETRO) and Japan-America Society of Indiana (JASI).
The event closed with a networking reception to which many attendees met with leaders from the Consulate-General of Japan in Chicago, JETRO, JASI, Japanese-owned company executives and economic development organizations.
So, what’s next for Northeast Indiana’s critical relationship with Japan? Next steps include conversations that directly relate to the growth of Japanese businesses in Northeast Indiana. This includes increased marketing of Indiana’s pro-business climate, connections with the region’s higher education institutions and increased support for Japanese cultural activities.
Thank you to the co-sponsors of the event, Consulate-General of Japan in Office in Chicago, JETRO and JASI.
For more information regarding the Japan-Northeast Indiana Summit, please email Masahiro Imoto / 井本正博 from JTL America, Inc. or Director of Business Development Sarah Rodriguez.