The Case for A World Trade Center in Indianapolis

Posted: Updated:

In January, I announced that upon leaving office as Indiana's Attorney General that I would chair a group seeking to bring a World Trade Center to Indiana, located in Indianapolis. Joining me in this effort are two former public servants, Doris Anne Sadler and Travis Spotts, who are serving as president and executive director of the WTC Indianapolis bid, respectively.

We have received tremendous initial support and encouragement from those who understand how Indiana's economy benefits from international trade and foreign investment. Already, we have attended a worldwide gathering of the World Trade Centers Association in Las Vegas and subsequently been invited to and presented at an innovation conference in Chengdu, China. A fact-finding trip to Trieste, Italy is underway. These opportunities are generating new business-to-business leads and connections even at this early stage.

As more people recognize the tremendous opportunity a licensed, Indiana-based World Trade Center represents, the more momentum builds for this economy-catalyzing organization. But what is a World Trade Center and why is it important? Why are smart global players such as Governor Holcomb and Mayor Hogsett focusing on international trade and embracing our effort?  

Let's start with some facts that help explain the need for a WTC, beginning with the fact that Indianapolis is the fourth largest U.S. city without one.  We can change that.  Further, the continued growth of our manufacturing, agricultural and technology industries are highly dependent on international trade.  Mature and rapidly developing economies outside the United States possess 80 percent of the world’s purchasing power and 95 percent of the world’s population.  Indiana's international trade accounts for more than 800,000 jobs statewide, roughly 20 percent of our total employment and represents one of the fastest growing sectors with high paying jobs.  From 2005-2015, the value of Indiana exports increased nearly $7.6 billion, ranking us 15th out of 50 states.  We can change that, too.

Many people associate a World Trade Center with a building, which we do hope to see as part of the Indianapolis skyline one day.  But, a WTC is much more than a physical address:  A licensed WTC Indianapolis will play a significant role in expanding and accelerating trade, investment and employment across the Hoosier State.  It is an essential gateway to economic opportunity in foreign markets, especially for small to medium-sized manufacturers.

WTC Indianapolis will allow Hoosiers to connect to a global network of more than 300 such centers in 90 countries around the world.  It will provide trade contacts and services, breaking down the barriers for those companies which lack either the knowledge, experience or contacts to exploit (in the best possible sense) economic opportunities overseas.

Governor Holcomb and Mayor Hogsett have each focused on the importance of global trade to our economy and the business community has rallied to support their efforts.  Opening new markets and attracting global capital is essential for economic growth and I would argue that having a WTC Indianapolis is therefore an essential tool for our state’s economic future.

Greg Zoeller, Indiana's former attorney general, is chair of WTC Indy.

  • Perspectives

    • Making Indiana One of The Healthiest States in America

      When it comes to health rankings, Indiana has some work to do. We currently stand as the 39th healthiest state in the U.S. and several big challenges confront us. From tobacco and opioid addiction to infant mortality, obesity, behavioral health and more, the need to get healthier is urgent and incremental improvement is not the answer. As the state’s largest nonprofit health system, our goal is to make Indiana one of the healthiest states in America.

    More

Subscribe

Name:
Company Name:
Email:
Confirm Email:
HTML
INside Edge
Morning Briefing
BigWigs & New Gigs
Life Sciences Indiana
Indiana Connections
INPower
Subscribe
Unsubscribe

Events



  • Most Popular Stories

    • F&W Moving Engine Line From Mexico to Noble County

      Kendallville-based Flint & Walling Inc. is planning to on-shore some operations to Indiana. The Journal Gazette in Fort Wayne reports the manufacturer is shifting an engine production line from Mexico to Kendallville's former Superior Essex facility that it acquired a year ago. The publication says F&W is investing more than $5 million into renovations and equipment for small sump pump engines that will be used by its parent company, Louisville-based Zoeller Co.

    • Knowledge Services Moves Ahead with Fishers HQ

      Knowledge Services has selected CitiMark Management Company, and American Structurepoint, to develop and build it's new headquarters in the Green Acres Technology Park in Fishers. Construction on the 80,000 square foot building, adjacent to Navient's headquarters, is set to be complete by the end of 2019, and will provide nearly 400 jobs by 2021.  

    • 'Best Places' in Indiana Reaches Record

      The Indiana Chamber of Commerce has released the 2018 list of Best Places to Work in Indiana. A record 125 companies are being honored this year and more than 50 are first-timers or returning after a year or more off the list. Employers in over two dozen communities are represented and the chamber will unveil the rankings of the Best Places honorees during a May 3 awards dinner at the Indiana Convention Center in downtown Indianapolis.

    • Governor Eric Holcomb Makes Appointments to State Boards, Commissions

      Governor Holcomb Makes Commission Appointments

      Governor Holcomb has announced several appointments and reappointments to various state commissions and boards. They include the Commission for Higher Education, Graduate Medical Education Board and State Board of Accountancy. 

    • Children's Museum to Buy Salvation Army Divisional HQ

      The Children’s Museum of Indianapolis says it has reached an agreement to acquire the Salvation Army Indiana Divisional Headquarters. The two sides have been in a dispute stemming from construction of the museum's $35 million Riley Children's Health Sports Legends Experience. The soon-to-open experience is located just behind the Salvation Army property. Neither the museum or Salvation Army are sharing details of the deal. Museum Chief Executive Officer Jeff Patchen says...