Lt. Gov promotes Ind. economy in Calif.

Indiana Lt. Gov. Sue Ellspermann, along with several other officials including Kent Andersong of the Indiana Economic Development Corporation and Dennis Rosebrough of the Office of the Lieutenant Governor, traveled to the Silicon Valley in San Jose, Calif., Thursday in an effort to promote Indiana’s economy, according to a news release from the Indiana Economic Development Corporation.

Along with Indiana’s strong private sector, namely the manufacturers, and engineering workforce, the delegation promoted the Hoosier state’s “pro-business climate to semiconductor and high technology companies,” the release read.

“Over the past decade, CEOs representing the $300-billion global semiconductor chip sector have entrusted Indiana’s universities to conduct important research for their companies,” Ellspermann said in the release. “I invited them to increase that investment.”

According to the release, semiconductors are used in several gadgets, such as cell phones and appliances. Typically, more than one-third of the revenue generated by chip companies goes into research and development and capital investments, which in turn boost the economy in the long-run.

Brian Seymour