In 2018, the Indy Partnership continued work to raise the Indy Region’s profile in global business, under the umbrella of our regional economic development strategy and linked to our local advancement of the Global Cities Initiative (GCI), a joint project of the Brookings Institution and JPMorgan Chase. Our programs grew this year -- thank you to our participating companies, funders, and partners for making these efforts possible. Looking forward to more in 2019!
Rising trade tensions made trade awareness vital in 2018. Our Global Indy initiatives included trade education and stories about how our local economy is impacted by a trade war.
Increasing exports from Indy Region small and medium-sized enterprises (SMEs) continues to be one of our major goals, given their potential for growth and impact on the local economy.
July marked the two-year anniversary of our GoGlobal Grant program for export acceleration, by which time we awarded over $80,000 in grants to 15 regional small and medium-sized enterprises (SMEs). The program, funded by JPMorgan Chase through our Brookings Global Cities initiative, has had an impact:
Export education and events
Foreign direct investment (FDI) continues to be a focus as a driver of local growth, given the over 330 foreign firms that operate and employ Hoosiers in the Indy Region:
To promote our region as a global brand for business recruitment, the Indy Partnership completed four trade missions in 2018, with visits to Germany, Switzerland, France, and the United Kingdom. A recap of the most recent trade mission can be found here.
Outcomes from the trade missions included new and developing relationships with:
Global Indy Business Center
In 2018, we developed our new Global Indy Business Center, which provides international firms with up to six months of free office space and wraparound services to help them explore, understand and launch in the Indianapolis regional market.
We have also continued building bridges between the Indy Region and the world to raise the region’s international business profile:
In all, Global Indy programs engaged with close to 175 companies and over 35 countries amongst the delegations, events, and officials we hosted this year. Thank you to all who helped us to strengthen this foundation on which we’re building our global business efforts. We welcome your partnership in our global efforts in 2019!