foreign investment

President Donald Trump is Japan this week and told Japanese business leaders they should make more cars in the U.S., and import less. He also thanked companies that already do business in America, including ones with a huge footprint in Indiana.

Indiana reportedly won’t be the location of a new Toyota-Mazda plant slated for construction in the U.S. in the next few years.

The South Bend Tribune reports economic development officials in St. Joseph County announced this week that Indiana had been dropped from consideration.

Indiana economic development officials are in Japan this week to bolster relationships with the Hoosier State’s top source of foreign investment.

The Asian nation backs more business in Indiana than in any other state – especially in the automotive sector, at Honda, Toyota, Subaru and their suppliers.

And that investment isn’t just about jobs. Those big Japanese-owned factories are also huge energy consumers. That’s why Gov. Eric Holcomb’s Japan trip includes power company executives, such as Harold Gutzwiller of Hoosier Energy in Bloomington.

Stan Jastrzebski / WBAA News

For months, we’ve known a couple things about this summer’s road construction in Greater Lafayette.

One, it was always going to be a hassle.

And secondly, the cities seemed committed to trying to complete major projects while most Purdue students were away for the summer.

But the City of Lafayette now says the closure of the county’s busiest intersection isn’t slated to start until July and will last past the time students and their parents return.

Indiana Business Research Center

 

Japan's largest steel company, Nippon Steel, will spend $50 million and create 70 jobs at a new plant to produce wiring for cars in Shelbyville.

When it opens next year, it'll join an already large Japanese automotive sector in the state -- which houses more Japanese businesses than anywhere else in the country.

 

Japan is also Indiana’s biggest foreign investor, supporting almost 54,000 jobs. Many are in manufacturing.

IEDC updates lawmakers on 2012 plans

Aug 21, 2012

Indiana’s secretary of commerce says the state is on course to help create 25,000 new jobs this year.

Dan Hasler told members of a study committee on economic development 14,500 already have been created.

But he admits meeting the goal won’t be easy and will require an intense marketing effort.

"It's a numbers game. The best way to double our jobs and careers in Indiana, is to double our opportunities to compete for business. They can't find us unless we are bright, bold and somewhat brash. That's what good branding is."