World Trade Center Indianapolis
fter an extensive application and approval process lasting more than a year, The World Trade Centers Association (WTCA) has approved the license that will allow Indianapolis to establish a local World Trade Center organization.
Prior to the approval, Indianapolis had been the fourth largest metropolitan area in the US without a World Trade Center designation. Approximately 50 other areas across the country already had the designation. Becoming a Member is not an easy task. The application requires detailed business plans, extensive and demonstrated local support, and the approval of the WTCA Executive Committee made up of an international panel. In January 2017, Former Indiana Attorney General Greg Zoeller announced he would chair the effort to establish World Trade Center Indianapolis.
Receiving this final license is great news for Indianapolis and the State of Indiana. Here’s why:
The World Trade Centers Association was founded in 1969. It acts as a global network for economic development agencies and international businesses looking to connect globally.
Indiana will join a network of 323 World Trade Center organizations across the globe. The network works to prompt trade and investment opportunities for commercial property developers, economic development agencies and international businesses.
Governor Eric Holcomb has stated that growing the state’s global economic profile and “connecting Indiana to the world” is a priority.
Indiana’s businesses and trade organizations will use the New York City-based association’s network to link with other companies internationally. The resources and partnerships they create will be key as they seek to create new jobs and investment while also growing their export markets.
International Trade & Investment:
The World Trade Centers Association also helps companies looking to export and import products. Trade is tremendously important for Indiana’s economy and World Trade Center operations provide local operations and businesses with a multitude of integrated trade and business services.
WTC Indianapolis will help small and mid-sized businesses who want to be in international trade, but don’t exactly know where to turn.
Indiana businesses involved in international trade will benefit from the global WTCA network, connecting with companies and governments around the world and fostering new economic-growth opportunities.
The new World Trade Center will put Indiana businesses on the international stage and amplify Indiana’s emerging profile as a global business center.
The World Trade Centers Association designation is a crucial tool for Indiana’s economic future. It will expose Hoosier businesses to new markets and capital essential for growth, giving Indiana an economic boost.
Having a fully-licensed entity focused on global opportunities for Indiana will increase relationships with international partners, helping to grow the local economy.
So what’s next?
Now that the World Trade Centers Association (WTCA) has approved the license for The World Trade Center Indianapolis (WTCI) some are wondering what the next step is.
Priorities for WTCI include a high profile headquarters, most likely in downtown Indianapolis. It was previously mentioned that the organization would prefer a mixed-use development where businesses that have connections to trade will want to come and use as a hub. They are looking for a facility devoted to enhancing the state’s ties to the global economy.
Services provided by the center will focus on: facilities and services in real estate, trade and economic development, and conferences and exhibitions.
A lot of hard work has gone into securing the World Trade Centers Association license for Indianapolis and the hard work will continue as the organization searches for a headquarters and begins to help local businesses. Indiana will soon start to see the benefit of all of that hard work as the workforce and economy continues to grow.