NAGOYA, Japan (WEHT) – Governor Eric J. Holcomb, First Lady Janet Holcomb, Indiana Secretary of Commerce Jim Schellinger and the Indiana Economic Development Corporation (IEDC) delegation traveled to Japan Friday, marking the Governor’s second economic development trip to the state’s largest foreign direct investor.
In Nagoya, the delegation focused on advancing economic partnerships with Aichi Prefecture, meeting with prefectural government officials and representatives of Japanese businesses based in the country’s manufacturing center.
Aichi Prefecture is home to nearly 70 businesses with operations in Indiana, with companies like Aisin, DENSO, Toyota, Toyota Industrial and Toyota Tsusho headquartered there. Indiana is among the top five U.S. states for number of business establishments from Aichi Prefecture.
Gov. Holcomb and Aichi Governor Hideaki Ohmura met to commemorate the memorandum of friendship and cooperation the two governors signed in 2017, recognizing the strong ties between Indiana and Aichi Prefecture.
Since that time, the two have worked to host a number of bilateral delegations to support increased business and cultural exchanges to further develop both regions.
Secretary Schellinger also addressed the group, which included both long-time and recent investors in Indiana.
He highlighted Indiana’s strong manufacturing sector, which supports 8,500 businesses and ranks No. 2 in the nation by GDP, and provided an overview of IEDC resources available to businesses as well as various Next Level initiatives that are enhancing connectivity, innovation, talent and communities across the state.
This marks Gov. Holcomb’s second trip to Japan. Indiana is home to approximately 319 Japan-based business facilities, supporting more than 67,200 Hoosier jobs.
The number of Japanese business facilities in Indiana has increased by more than 20% over the last five years. For more information on the economic and trade ties between Indiana and Japan click here.