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State opens 2nd biz-development office in China

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The Indiana Economic Development Corp. announced Friday morning that it plans to open an office in Zhejiang Province—its second office in China and seventh international location overall.

The one-person office is expected “to actively sell the benefits of the Hoosier state to Chinese companies,” the IEDC said.

Indiana’s existing China office, in Beijing, was established in 1987.

China is Indiana’s largest Asian trading partner. State export growth to the country rose from $294 million in 2004 to $930 million in 2008, according to the Indiana Business Research Center.

"Since my initial jobs trip last fall, evidence continues to show the opportunity for strengthened business ties is ripe, so effective immediately we are doubling Hoosier representation in China," Indiana Gov. Mitch Daniels said in a prepared statement. "Though the relationship is young, the dialogue with Chinese business prospects over the past eight months has been continuous and I am very enthusiastic about advancing the economic discussions."
 

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  1. I am not by any means judging whether this is a good or bad project. It's pretty simple, the developers are not showing a hardship or need for this economic incentive. It is a vacant field, the easiest for development, and the developer already has the money to invest $26 million for construction. If they can afford that, they can afford to pay property taxes just like the rest of the residents do. As well, an average of $15/hour is an absolute joke in terms of economic development. Get in high paying jobs and maybe there's a different story. But that's the problem with this ask, it is speculative and users are just not known.

  2. Shouldn't this be a museum

  3. I don't have a problem with higher taxes, since it is obvious that our city is not adequately funded. And Ballard doesn't want to admit it, but he has increased taxes indirectly by 1) selling assets and spending the money, 2) letting now private entities increase user fees which were previously capped, 3) by spending reserves, and 4) by heavy dependence on TIFs. At the end, these are all indirect tax increases since someone will eventually have to pay for them. It's mathematics. You put property tax caps ("tax cut"), but you don't cut expenditures (justifiably so), so you increase taxes indirectly.

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  5. Build the resevoir. If built this will provide jobs and a reason to visit Anderson. The city needs to do something to differentiate itself from other cities in the area. Kudos to people with vision that are backing this project.

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