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Indiana begins first-ever global economic summit, hosts delegations from more than 30 countries

More than 800 people from over two dozen countries are in Indianapolis for the event – aimed at connecting and partnering on global economic issues.

INDIANAPOLIS — Governor Eric Holcomb and the Indiana Economic Development Corporation are hosting the state’s first-ever global economic summit.

More than 800 people from over two dozen countries are in Indianapolis for the event – aimed at connecting and partnering on global economic issues.

“My role today is not to sell Indiana, believe it or not. But I will say our state is a microcosm of the turbulent forces buffeting our economy. Our history is one of growing things making things and shipping things,” Holcomb said in his opening remarks.

While Holcomb said his role wasn’t to "sell Indiana," the state and it’s economic story are certainly in the spotlight.

“What we grow today is not just corn but also biosynthetic insulin. What we make today is not just a car engine, it’s jet engines and artificial hips and knee joints,” he said. “We seek to build the economy not just of tomorrow but ten, 20, 50 years of tomorrows from now.”

Just this week, state leaders announced a $2.5 billion electric vehicle battery plant coming to Kokomo. Eli Lilly announced a $2 billion manufacturing expansion in Boone County. State officials said both projects combined will bring about 1,000 new jobs.

“Indiana’s international partners are critical to our state’s success,” said Indiana Secretary of Commerce Bradley Chambers.

Holcomb told reporters that competition for new investment is fierce.

"In my opinion, it is no longer just the big eat the small. It's the fast eat the slow...the world is getting smaller and smaller,” he said.

He said Indiana’s available land and infrastructure make it more attractive to businesses around the world and state leaders must be proactive when it comes to bringing them here.

"The jobs that we're creating are jobs that our graduating seniors from Purdue and IU and Rose Hulman and Notre Dame, they can go work in these industries so it's really a duty of ours to go provide those jobs and those opportunities for our young people,” said Chambers.

The four-day summit includes breakout panels and discussions and will wrap up with a visit to the Indianapolis 500 on Sunday.

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