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Holcomb takes economic development trip to Canada

By Whitney Downard, Indiana Capital Chronicle

Posted January 19, 2024

Gov. Eric Holcomb will visit Canada on his second economic development trip to the country in the coming week. (Whitney Downard/Indiana Capital Chronicle)

Gov. Eric Holcomb and a delegation from the Indiana Economic Development Corporation (IEDC) will visit Canada next week on an economic development trip with a focus on energy transition, generation and storage. It will be Holcomb’s second trade mission to Canada as governor.

“Indiana’s growing economy continues to gain recognition on both the national and global stage,” said Holcomb in a release. “As industries adapt, evolve and innovate their way into the future, Indiana is proving to be a valued strategic partner in overcoming any challenge that may develop along the way. Our vision and mission are aligned as we partner and enthusiastically power our way forward together. Indiana’s proud to reinforce our important partnerships with regions like Ontario as we work together to create an even higher quality of life and place for all those who call our regions home.”

The group will travel to Ontario on Monday, Jan. 22 to meet with provincial officials, including Premier Doug Ford. Next, the Indiana delegation will visit the Darlington Nuclear Generating Station, which generates more than 20% of Ontario’s electricity needs — equal to powering roughly 2 million homes.

On Tuesday, Holcomb will pitch Indiana as a potential location for development to energy industry stakeholders at a roundtable hosted by the American Chamber of Commerce in Canada and at a reception hosted by U.S. Consul General Baxter Hunt.

The group returns to Indiana on Wednesday. The release did not specify who would pay for the trip but the Indiana Economic Development Foundation has funded previous travels.

Of the 78 Canadian companies operating in Indiana, 41% are based in Ontario.

Monday’s events marks Holcomb’s 17th international economic development trip as governor. Over 1,000 foreign-owned businesses from over 40 countries and territories operate in Indiana. In 2023, the IEDC announced that 37 international businesses committed to locating or growing in Indiana for a planned investment of more than $20.6 billion with the intent to create more than 8,500 new jobs for Hoosiers.