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Indy Partnership eyes more jobs from Germany

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An Indy Partnership official departed for Germany yesterday on a trade mission promoting economic development opportunities in the 10-county Indianapolis area.

The trip is the third in the past 10 months that Kristie McKillip, the organization’s business development director, has taken to the European country.

More than 65 percent of foreign direct investment in Indiana comes from Europe, according to a July report from the Indiana University Kelley School of Business. And German employers represent about 14 percent of all companies and financial investments of foreign origin in the Indianapolis area.

Indy Partnership President and CEO Ron Gifford, who recently returned from traveling with Gov. Mitch Daniels on the state’s trade mission to China and Japan, said his organization is directing its resources toward areas that are most likely to bring jobs to central Indiana.

“More than 14,000 new Indiana jobs have come from Europe since 2004,” Gifford said in a prepared statement. “Maintaining good working relationships with current partners and introducing new European companies to the Indianapolis region is both prudent and proactive.”

Major European companies operating in central Indiana include Switzerland-based Roche and Nestle, Germany-based Siemens and France-based Veolia.

Other German companies operating in central Indiana include Knauf Insulation, Freudenberg-NOK, Festool and Bayer Healthcare.

McKillip said she has 23 meetings scheduled with German advanced-manufacturing companies and renewable-energy firms during the 11-day trip, including meetings with several companies that have existing sales offices in central Indiana.

McKillip also will represent the region at three trade shows in Augsburg, Nuremburg and Stuttgart. She is blogging about the trip.

The Indiana Economic Development Corp. and its European branch office, as well as the Northeast Indiana Regional Partnership and Charlotte, N.C.-based Duke Energy, also sent representatives on the trip. 

The Indy Partnership is a not-for-profit economic development organization for Indianapolis and nine surrounding counties.

 

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  1. PJ - Mall operators like Simon, and most developers/ land owners, establish individual legal entities for each property to avoid having a problem location sink the ship, or simply structure the note to exclude anything but the property acting as collateral. Usually both. The big banks that lend are big boys that know the risks and aren't mad at Simon for forking over the deed and walking away.

  2. Do any of the East side residence think that Macy, JC Penny's and the other national tenants would have letft the mall if they were making money?? I have read several post about how Simon neglected the property but it sounds like the Eastsiders stopped shopping at the mall even when it was full with all of the national retailers that you want to come back to the mall. I used to work at the Dick's at Washington Square and I know for a fact it's the worst performing Dick's in the Indianapolis market. You better start shopping there before it closes also.

  3. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  4. If you only knew....

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