Indiana Road

Dear Friends:

In August, 2008 the Indiana Economic Development Corporation established an office in London, United Kingdom. Indiana has enjoyed a close partnership with the United Kingdom and Europe for many years.

More than 148,000 Indiana workers are employed by approximately 700 international companies, including more than 86,000 employees involved in international manufacturing companies. Indiana’s key investment partners include Japan, the United Kingdom, Germany and France.

Some 70 companies from the United Kingdom – including BP, Rolls-Royce, Tomkins, BAE Systems, Rexam, GKN and others – have chosen Indiana for their plants. U.K. companies employ nearly 26,700 Indiana residents and have invested almost $6.1 billion in the state – placing Indiana sixth among U.S. states for U.K. investment. The Rolls-Royce aviation facility in Indianapolis, for example, is the company’s largest manufacturing facility outside of the United Kingdom, employing more than 4,000 workers.

U.K. investment in Indiana continues to grow. In 2006, British Petroleum committed to invest $3 billion in upgrading its Whiting, Ind., oil refinery – one of that year’s biggest European investments in America.

The United Kingdom also is Indiana’s third largest export market. Indiana exports to the U.K. now approach $1.9 billion annually and rank 9th in the U.S.
Indiana ranks first in the nation in production jobs created, second in the nation in the total number of jobs created, and second in R&D job created by international investment, according to a 2007 report by IBM’s PLI-Global Location Strategies service.

In July, 2008 for the first time in the state’s history, the independent credit rating agency Standard& Poor’s Ratings Service (S&P) raised Indiana’s credit rating AAA. The upgrade from AA+ "reflects the state's continued strong management that has led to the property tax reform that has realigned state and local spending and is not expected to impact the state's long-term financial performance.  As well, the state's commitment to attract diverse jobs through its economic development efforts has translated into a shift away from traditional manufacturing employment," said the credit agency.

We would like to extend a personal invitation to visit Indiana and to experience firsthand all that the state has to offer. We hope Indiana’s presence in the United Kingdom will add to this history of partnership and success by strengthening existing relationships and building new ones.

Sincerely,
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Edita Sawyers
Director
IEDC UK Office

 

 

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“The creation of this economic development package was done in the true spirit of partnership and Rolls-Royce has received tremendous support and cooperation from both the state’s and the city’s economic development teams.”

Steven F. Dwyer
Chief Operating Officer
Rolls-Royce Corporation

About the IEDC

The Indiana Economic Development Corporation (IEDC) responds quickly to help businesses locate, grow and thrive in Indiana. The State of Indiana’s lead economic development agency, the IEDC oversees Indiana’s statewide business attraction and development efforts, coordinates state programs and incentives for companies looking to grow in Indiana, and provides technical assistance, business expertise and funding to Indiana entrepreneurs and high-tech start-ups. The IEDC is led by Indiana Secretary of Commerce and Chief Executive Officer Nathan J. Feltman and governed by a 12-member board chaired by Governor Mitch Daniels.