Metro Indy Leaders Target Foreign Investment

(Image Courtesy of Visit Indy) (Image Courtesy of Visit Indy)
INDIANAPOLIS -

The Washington D.C.-based Brookings Institution has selected Indianapolis to take part in an effort designed to attract and leverage direct foreign investment. The Indy metropolitan area is among six that will develop a Global Trade and Investment Strategy as part of the Global Cities Initiative.

The Indy Chamber says the new initiative will build off its existing Indianapolis Metro Export Plan. Other communities that are part of the joint program of Brookings and JPMorgan Chase are Charleston, Chicago, Louisville-Lexington, Phoenix, and Wichita.

The chamber says Indy's participation follows an extensive application process and it received the nod for its "readiness and commitment to strategically pursue foreign direct investment through such activities as greenfield expansions, mergers and acquisitions, and other types of foreign investment including EB-5, private equity, joint-ventures and sovereign wealth funds."

Indy Chamber Chief Executive Officer Michael Huber says "for the regional economy to thrive, we must grow regional businesses and attract talent on a global scale. We're honored to be among world class peer cities in this cohort and look forward to developing this strategy and broadening the opportunities available for Indy businesses on the global stage."

A team of local leaders will spearhead the central Indiana effort. It includes: co-chairs Al Smith of JPMorgan Chase and Melina Kennedy of Cummins Inc., Gil Latz of IUPUI, Kent Anderson from the Indiana Economic Development Corp., The International Center's Diane Thomas, Marvin Blade of Duke Energy and Huber.

The chamber says foreign direct investment is a staple of regional economies and it infuses capital, invests in workers, strengthening global networks and sharing best business practices.

  • Perspectives

    • How to Find a New Audience After Hitting a Marketing Plateau

      It may sound like a marketer’s dream scenario: efforts have proven to be so successful it appears a company has completely saturated their target audience. While it may be a good problem to have, it still may be a problem. Hitting a marketing plateau is an opportunity for companies in any industry to reevaluate, re-energize and come to the table with new ideas for better understanding existing customers and engaging new audiences.

    More

Events



  • Most Popular Stories

    • (image courtesy of The Times of Northwest Indiana)

      Crews Start Demolition of Carson's in Hammond

      The face of downtown retail in Hammond is changing once again with the demolition of Carson’s department store, the one-time the anchor of Woodmar Mall. Our partners at The Times of Northwest Indiana report excavating crews have started to demolish the last vestige of the shopping center which stood since the 1950s. 

    • (photo courtesy of WTHR-TV)

      Andrew Luck Retiring from NFL

      In a shocking development following the Indianapolis Colts' preseason loss to the Chicago Bears, quarterback Andrew Luck has announced his retirement from the NFL. Luck, who did not play in Saturday's game, said the number of injuries he has suffered throughout his professional career "has taken my joy of this game away." Luck teared up during a news conference in which he made his announcement. "After 2016 where I played in pain and was unable to regularly...

    • Shaina Keck

      Pier 48 Manager Named

      FK Restaurant Group has named Shaina Keck sales and banquet manager for Pier 48 Fish House and Bar in downtown Indianapolis. She previously served in sales at Kilroy's Bar & Grill. Keck is a graduate of Indiana University Kelly School of Business with a bachelor of science degree in finance and accounting with a concentration in international studies.  
    • Fort Wayne Tops 'Hottest Real Estate Markets'

      Fort Wayne just opened its brand new riverfront Promenade Park to pomp and pageantry, hoping to make it a draw to Indiana’s second largest city. But now the Allen County community has something else to celebrate. The editors of Realtor.com declared Fort Wayne as the hottest real estate market in July for the entire country. 

    • On-Air

      Find out when and where you can watch and listen to our reports.