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IEDC leads European trade mission

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Officials from five of Indiana’s largest economic development organizations, Rolls-Royce North America and Duke Energy are traveling to Europe next week on a job- and investment-attraction mission.

The Indiana Economic Development Corp. is leading the delegation, which will visit Germany, Italy and the United Kingdom from April 17 to May 1.

Their first stop will be the four-day Hannover Messe Trade Show, a global exhibition focused on renewable and conventional power generation, transmission and distribution. After that, the group will move on to Italy for several days of business meetings.

The trip will conclude in England, where meetings will concentrate on the defense, aerospace, biotech and electric vehicle industries. Retired Rolls-Royce North America executive S. Michael Hudson will be the keynote speaker at a U.S. and Indiana Aerospace and Defense seminar co-sponsored by the West of England Aerospace Forum, Bristol International and United Kingdom Trade & Investment.

According to IEDC, Germany has $3.5 billion in total capital investments in Indiana, while the United Kingdom has total investments here worth $11.3 billion. This is IEDC’s fourth European trade mission since 2005.

Reached on the road via cell phone Thursday morning, IEDC spokeswoman Blair West couldn’t immediately quantify the number of new jobs or total new business capital investments the IEDC’s previous European trips have yielded for Indiana.

Instead, she pointed to a recent example: Schott North America’s Oct. 20 announcement of plans to add 150 jobs in Vincennes. Schott, which already made glass-ceramic cooktops for home appliances at its Vincennes facility, said it plans to invest $7.2 million there after winning a defense industry contract to fabricate transparent armor. Schott's armored windows were selected for a new line of mine-resistant, ambush-protected all-terrain vehicles designed for the rugged mountains of Afghanistan.

IEDC awarded SCHOTT a package of incentives including up to $2.3 million in performance-based tax credits and up to $50,000 in training grants.

West said the German company's Indiana expansion came as a direct result of Gov. Mitch Daniels' 2007 European trade mission. She said it was one of several deals that can be directly traced to that trip.

Other economic development groups sending representatives on the upcoming mission include Indianapolis Economic Development Inc., Indy Partnership, Northeast Indiana Regional Partnership and the Columbus Indiana Economic Development Board.

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  1. So the Mayor adds another non value added layer to having a vehicle towed? Whereby the City Government RECIEVES AN ILLEGAL KICKBACK FROM A LGOISTICS COMPANY THAT SUBS THE WORK TO LOCAL TOW COMPANIES? What is the service the City performs for receiving the "tribute"? This is RICO!!!!! What a corrupt and unnecessary layer. What a dirtbag Mayor and his cronies.

  2. Owner occupied housing. Clear enough?

  3. So people think I am paranoid. It's from experience in dealing with puds requested by developers who make major donations themselves to representatives, have nice fund raisers for those running for office and hide through pac's. then there are the public relation firms. You will note some pr comments below. You there Clyde Lee? My opinion. Commercial along 421, great. Multifamily housing, terrible idea that will change the town. Senior condos or zero lot line homes west, great. I suggest keeping all entries to commercial areas at 421. All entries to owner occupied on sycamore. Will keep the traffic on sycamore down some. Two other things. You can't trust what will be there in 10 years. Steve builds quality stuff, but areas change over time. Look at the changes at the wall mart center at 86th and 421 over the last 10 years. Look at the apartments and neighborhoods behind St Vincent's. Raintree properties WILL decrease in value if commercial and multifamily goes in near. It has already been happening around the bridges area. The houses that have been sold recently are way below market. Several deals not closed due to the Illinois construction and the whole unsurety of the bridges. It's pretty simple, Zionsville will approve the whole thing because the city council has been groomed over a LONG period of time for this. I might even suggest some are in their position as a result of this.

  4. Esta, do you have a dog in this fight? You seem to really want to knock anyone against this project. No, I didn't move to Indiana for the architecture. I moved here for that red barn in the field. The horses and fields of corn. A place that is NOT overdeveloped. There are plenty of nearby places in Indianapolis that could be REDEVELOPED instead.

  5. RKW - OK, we get it, you're paranoid. The question is, are you paranoid enough? Greg - Yes, Pittman(s) is (are) at it again. They are developers, they build things. It's what they do. So when you go to work tomorrow, Greg, you're at it again too. Cliff - Really? You moved to Indiana for its progressive architecture? That's like moving to England for the cuisine. Zionsvillain - The house you moved to was once a field or woods. I'm willing to bet folks were upset when that ground was plowed under and a house was built. But I guess now that you are in, everything should stop? "My house was OK, but the next one is sprawl." SE Guy - Please don't paint us with such a wide brush. Most reasonable Zionsville residents welcome planned, measured development.

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