Tuesday, December 14, 2004

Inshoring in Indiana!

Last week when I was touring NE Indiana, Gary Nielander, head of economic development in Steuben County, showed me a study and map that the utility company Cinergy had prepared on foreign investment in Indiana. The rather impressive map of these companies throughout Indiana is shown at http://www.indiana.cinergy.com/about_indiana_and_cinergy/foreign_investment_%20map/Foreign%20Map%20front.pdf.

Indiana ranks as the 14th state in the USA with number of foreign companies with operations in the state. There are over 600 foreign companies, employing almost 200,000 people. The greatest number are Japan (188 companies); Britain (140); Germany (96); and France (47). But there were also companies from such countries as Brazil; Chile, Chine, Greece, India, Israel, Liechtenstein, Luxembourg, Malaysia, Mexico, South Korea, Taiwan and Yugoslavia. Indiana has the 3rd highest concentration of Japanese companies in the country.

Free trade has encouraged these investments. Free trade will continue to grow jobs in the US and around the world.

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