TELL CITY – Business is an international venture and that is increasingly true in Perry County. Japan was the destination for Todd Mosby, president and CEO of Perry County Development Corp., and Tell City Mayor Jim Adams. The two recently joined a delegation of 11 fellow Southern Indiana economic development professionals and elected leaders on a nine-day investment and development education visit to Tokyo and Nagoya. The trip also included short visits to Osaka and Toyota City.
“It’s not a conversation we, of Perry County, wanted to be left out of,” Mosby stated in reference to regional business discussions. “The purpose of the investment (visit),” he explained, “was to discuss foreign investment while educating those we met about the opportunities Southwest Indiana has to offer.”
Adams commented, “We wanted to bridge the gap between the country investing in our country.”
Overseas, Mosby and Adams met with senior level executives of Aisin Takaoka, parent company of ATTC, and Hitachi Metals, parent company of Waupaca Foundries, and were given a tour of each operation. “In both meetings,” stated Mosby, “we expressed our desire to continue cultivating our relationship while expressing our appreciation for their investment and appreciation for the outstanding team members located here in Perry County.”
They also made a trip to Toyota City where they met and dined with Toyota Motor Corp. officials. Of the meeting, he explained, “Most people do not realize that divisions within large corporations compete for expansion opportunities with their sister divisions.”
Government can offer competitive incentives or tax breaks to corporations to consider expansion into an area. “As an example,” Mosby stated, “I worked diligently with Toyota Motor Manufacturing Indiana executives to win expansion capital over others within their own corporate structure. So local forms of government often provide incentives which help the parent company in their decision-making-process of where they will use their capital expansion funds.”
Mosby explained that the common topic of discussion with all organizations was the disruption brought about by the tariff and trade situation. The short answer to the situation is that “automotive components currently manufactured in China will need to be manufactured elsewhere,” stated Mosby, and while “that disruption in the supply chain has many people nervous, we have to look at it as an opportunity and be forward-thinking enough to prepare and take advantage.”
That sentiment was also expressed to Indiana delegates during a briefing by a US Embassy officials, “They also lamented the same line of thinking that more development should be bound for the U.S. due to the supply chain issue,” Mosby revealed.