Indiana Governor Eric Holcomb and Commerce Secretary Brad Chambers will lead an economic development trip to Sweden, the United Kingdom and Monaco later this month to strengthen strategic relationships and showcase Indiana industries. ‘State.
The governor’s office announced Friday that Holcomb, Chambers, First Lady Janet Holcomb and senior IEDC staff will depart for Sweden on April 24 and complete the trip in Monaco, returning to Indiana on May 1.
Holcomb and Chambers said they plan to host key business leads and showcase Indiana’s ties “to motorsports and emerging technologies, including electric vehicles, batteries and clean energy,” a the governor’s office said in a news release. Europe is one of Indiana’s largest regions for foreign direct investment and business ties, with more than 550 European-owned businesses in the state.
Additionally, following IEDC’s recently announced partnership with Avalanche Andretti, the trip will conclude with the Formula E World Championship race in Monaco. During the race, IEDC will visit prospects in international markets and discuss electric vehicle business opportunities.
The IEDC said Sweden is a prime prospect for companies in key sectors, including electric vehicles and technology, with a thriving entrepreneurship ecosystem. In Stockholm, Holcomb and Chambers will meet with executives from Saab, a global aerospace and defense company based in Sweden. In October, the company opened a new state-of-the-art manufacturing and production facility in West Lafayette.
From April 26-28 in London, Holcomb and Chambers will meet with government officials, including Penny Mordaunt, UK Minister of State for the Department for International Trade, and Greg Hands, UK Minister of State for Business, Energy and clean growth.
In Bristol on April 28, they will meet with executives from Rolls-Royce, which employs about 3,300 people in Indiana, to discuss technology, sustainability and clean energy. And on April 30, they will meet Prince Albert II of Monaco before the Formula E race.
The venture will be Holcomb’s 11th international economic development trip as governor and the third international trip with IEDC for Chambers. The last trip was in late March, where Holcomb and Chambers traveled to Slovakia and Israel. The cost of the trip is paid for by private donations to the Indiana Economic Development Foundation.