Posts Tagged ‘EDO Spotlight’

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Richmond, Virginia: Providing a Soft Landing Since 1607

October 29, 2019

This post contains external links. Please review our external linking policy.

The Greater Richmond Partnership, Inc. (GRP) is the lead regional economic development organization for the City of Richmond and the counties of Chesterfield, Hanover and Henrico in Virginia.

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.

You could say that the first foreign direct investment occurred in 1607 when English settlers founded the Richmond Region in Virginia. Soon thereafter the nation’s first hospital was built, the first university was chartered, and the first ironworks were established.

Richmond VA guest blog 102919

Photo via Creative Dog Media

Today, the Richmond Region is home to more than 220 international firms from 26 countries employing 24,600 residents. From advanced manufacturing to supply chain and finance to technology, international firms love the region’s quality of life and affordable business costs.

The biggest challenge for international companies is finding the right location and much like explorers John Smith and Christopher Newport, businesses are still finding their way to the Greater Richmond Region:

  • Sabra Dipping Company operates the world’s largest hummus factory in the region.
  • A locally-based Rolls-Royce manufacturing facility anchored two suppliers, Erodex and Pryor Technology. The two UK-headquartered companies were seeking to improve existing customer relations while expanding its offerings.
  • German company iMPREG Group expanded its operations with a North American headquarters.
  • Polykon Manufacturing, a joint venture between two Air Liquide entities (France), is completing its $60 million facility to produce consumer cosmetics.
  • ERNI Electronics, Inc., a Swiss-based manufacturer of electrical connectors for the automotive, medical, and communications fields, is investing $25 million to establish a new 80,000-square-foot facility.

The United States is the largest economy in the world, so opportunities abound for new businesses. However, most of our clients are adapting from their home market with different business cultures, systems and regulations. GRP encourages international firms to maximize their efforts and resources by taking advantage of expert advice and doing things right the first time. When a company visits the Richmond Region, GRP schedules an itinerary loaded with meetings with industry leaders, local partners and service providers.

GRP’s Global Assistance Program is a one-stop shop designed to provide these essential connections for firms exploring opportunities in the U.S. market. Our roster of referral partners and experienced professionals have a proven track record with international businesses. Company information is always kept confidential and the first meeting with any of our partners is complimentary and without obligation. Available services, include legal advice, , financing, development and real estate, insurance, and marketing.

But don’t take our word for it. In fact, many of GRP’s former clients have served as the best salespeople for the Richmond Region. Several firms even serve on GRP’s International Advisory Committee, which provides valuable expertise and insight for companies considering the U.S. market.

It’s a lot easier following an expert’s map than stumbling through unchartered territory.

For more information on GRP, please visit the organization’s website at grpva.com.

About SelectUSA

Housed within the U.S. Department of Commerce’s International Trade Administration, SelectUSA promotes and facilitates business investment in the United States.

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US Senators Manchin and Capito Invite Global Business Leaders to Attend SelectUSA Investment Summit and Discover Why West Virginia is the Right Choice for Global Companies

June 7, 2019

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.This post contains external links. Please review our external linking policy.

Sara B. Dearing is the Executive Director of Discover the Real West Virginia Foundation

West Virginia is the premier location for global companies to expand and relocate. Companies that come to West Virginia are met with a thriving business climate, a dedicated and technically-trained workforce, low cost of doing business, an abundant and inexpensive supply of energy – and unending support from our local, state and federal leaders. manchin-capito_play-button

West Virginia’s U.S. senators not only play a hands-on role when it comes to attracting investment, they are dedicated to ensuring that companies that do invest in West Virginia, succeed.  This unwavering commitment to helping global companies find a home in the Mountain State is why Senators Joe Manchin and Shelley Moore Capito have teamed up to invite global executives to attend the SelectUSA Investment Summit and to join them at the West Virginia Booth (#714) for the State and Local Night Reception on June 11. Additionally, our senators invite business leaders to attend the West Virginia Spinoff Event, June 13-14, in Wheeling, West Virginia.

Here’s just a few reasons for global executives to choose West Virginia:

  • West Virginia is home to 136 global companies (including Toyota, Gestamp, Covestro, Novartis, TransCanada, Sogefi, Safran, and more) representing 30 countries from around the world with a diverse manufacturing base of industries including aerospace, automotive, chemical and polymers, energy, defense, and information technology, to name a few.
  • West Virginia has the strategic advantage of being in a region with the most cost-effective and abundant natural gas in the industrialized world. This region is right in the middle of half the U.S. market, and close to over two-thirds of U.S. polyethylene consumption.
  • West Virginia (located in Shale Crescent USA) is the most profitable place to locate petrochemical and other manufacturing plants. In fact, Yahoo Finance, the US Department of Energy, oilprice.com and others are calling this region “a second U.S. Petrochemical Hub”.
  • According to the American Chemistry Council, the Appalachian Region is uniquely positioned over the next decade to become a major petrochemical hub with the potential to attract $36 billion in new chemical and plastics industry investment.

It’s not just the aesthetic beauty of the state and its abundant natural resources that make West Virginia a great place to do business.  Deep down, it’s the people that make West Virginia a world-class location, and a state dedicated to providing the resources to elevate your company to the next level. Please come and meet our team, including Senators Manchin and Capito, at the SelectUSA Investment Summit, then join us in Wheeling for our spinoff event, and let’s get down to business.

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Mentoring International Success: A Mid-Size Midwestern Municipality’s Mission

February 27, 2019

Kevin D. Malecek is the Director of Economic Development and International Trade for the City of Mentor, Ohio

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.

Mentor, Ohio Means Business logoRecognizing the unique approach of a smaller municipality to engage in global trade and investment conversation, the City of Mentor has successfully conducted several trade-oriented seminars to inform area companies on the benefits of overseas business opportunities, pursued potential partners interested in FDI through annual trade missions to Germany and the United Kingdom, and marketed incentive programs essential to the success of those that would examine opportunities in Mentor. City officials regularly converse with companies, organizations, chambers of commerce, and overseas governments to explore mutually beneficial partnerships.

In particular, the conversations and visits to the United Kingdom resulted in the negotiation and signing of a partnership memorandum with Medilink Midlands, a trade organization supporting more than 300 life sciences companies in the Midlands region of the UK. The Midlands region shares many similarities with Northeast Ohio: the development of a strong life sciences cluster among them, with companies in Mentor like STERIS and SourceOne and medical facilities nearby like the Cleveland Clinic, University Hospitals, and LakeHealth.

The growing “special relationship” between Mentor and Medilink Midlands brought an inbound delegation of Medilink members and their Chairman, Keith Widdowson, to Mentor in October where potential FDI projects were considered. The City of Mentor arranged presentations by the Cleveland Clinic, STERIS, and other essential regional partners to tout the benefits of doing business in Mentor.  As a component of the ongoing relationship, a delegation from Mentor will return to the UK to Medilink’s Med-Tech Expo in May to advance discussions and negotiations. City officials continue to converse with local partners to find linkages with Medilink’s members and encourage local businesses to accompany the City on its trade mission so those companies can find new markets in the UK.

In Mentor’s case, it shows that the population size does not matter – with the right approach, personnel, resources, and initiative, a mid-sized municipality in the Midwest with a mighty economic engine can pursue FDI opportunities anywhere.

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Faribault: The Most Global Small City in Minnesota

December 19, 2018

Elise Buchen, Deanna Kuennen, Samantha Markman, and Laurence Reszetar promote the State of Minnesota to international business investors at the Minnesota Department of Employment and Economic Development’s Trade Office.

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.

Standing on Park Avenue in Faribault, Minnesota is just like standing on Park Avenue in New York: everywhere you turn you see successful global businesses.

If you face east, you see the U.S. headquarters of a multi-generational Mexico-based company. Turn west, and you see the U.S. headquarters of a world-leading, high-tech French company. Look slightly northwest and there is a large warehouse teeming with traffic, which is owned by a German company. Just up Park Avenue, a large Japanese firm is building a state-of-the-art facility.Faribault Banner Picture

Faribault is just like New York City… if New York City had a population of 24,000, was located an hour south of Minneapolis, and had a median house price of $182,400.

In truth, Faribault might be the most global small city in Minnesota, if not the world. Its motto is Small Town Pride, Big City Opportunity, and it has the data to back both of those up. Faribault proudly features the following countries and businesses:

  • The global headquarters of Sage Electrochromic Glass, a division of Saint-Gobain (France), is located in Faribault. Sage manufactures specialized glass that remains transparent even as it uses electrochromic technology to block out the solar radiation. Glass is expensive and difficult to ship, so you know it must be the high-quality if it’s being manufactured in Faribault and shipped around the world, from Dubai to Dallas.
  • Faribault Foods, owned by La Costeña (Mexico), just completed its $150 million dollar investment in a first-of-its-kind, vertically-integrated food manufacturing plant in Faribault. When La Costeña made the decision to expand its facility, the opportunities in Faribault caught the company’s attention.
  • Daikin Applied (Japan) just announced its $40 million expansion to build some of the most energy-efficient cooling HVAC units in the U.S. At the heart of the expansion was an unprecedented effort where the county, city, and local economic development authority jointly conducted hearings where the permits and incentives for the project were approved simultaneously by all three bodies. This gave the green light for the company to convert a vacant 300,000 square foot warehouse to a state-of-the-art manufacturing facility.
  • A German-owned powerhouse in food distribution located on the banks of Interstate 35, Aldi Distribution provides a high-class warehouse and distribution facility for the multinational Aldi food stores. This was one of the first Aldi Distribution facilities in Minnesota. The company recently completed a 60,000 square foot expansion, further proving that Faribault can support the growth and expansion of global industries.

Faribault’s small town pride shows in that nearly 1,350 Faribaultians work for these foreign-owned enterprises. They have titles like mechanical and quality engineers, production control analysts, and manufacturing services liaisons. It’s because of their commitment and the leadership of these global corporations that Faribault’s Small Town Pride creates Big City Opportunities that meet the world’s demands and continue to grow the world’s economy.

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The Show Me State Sees Significant FDI

April 11, 2018

This post contains external links. Please review our external linking policy.

Guest blog post by Steve Johnson, CEO, Missouri Partnership

Graphic of the Missouri Partnership logo.Businesses with overseas locations are rapidly transitioning production back to the United States, and facilities are popping up in every region, including Missouri. Manufacturers are taking advantage of what Missouri has to offer by joining an existing industry center with the infrastructure and talent supplies already in place, including access to major customers.

The United States is poised to re-emerge as a manufacturing superpower, thanks in large part to foreign direct investment. Since January 2017, Missouri has attracted significant investments by foreign-owned companies and from U.S. companies’ reshoring jobs. Some examples include:

  • Brødrene Hartmann, a Danish manufacturing company, kicked off production at its U.S. headquarters in Rolla, Missouri;
  • Trans-Lux reshored jobs from China to Missouri;
  • Toyota invested more than $17 million in its Missouri plant; and,
  • Nammo AS, an international aerospace and defense company headquartered in Norway, chose Pettis County, Missouri, as the site of its latest U.S. distribution center.

SelectUSA EDO SPOTLIGHT SERIES:

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development. 

“This move to Missouri is a well thought through strategy where all the benefits for all counterparts are optimized,” said Raimo Helasmaki, Nammo’s Executive Vice President of Commercial Ammunition. “The local authorities have been very easy to work with to help develop this project. We look forward to years of growth through this facility.”

In February, Faurecia, a leading automotive technology company headquartered in France, announced an investment of more than $60 million and the creation of more than 300 jobs in Blue Springs, Missouri.

“Kansas City Metro and the Blue Springs areas are known for being a source of excellence in American manufacturing, and we’re looking forward to building on that expertise and skill set as we continue to provide the very best to our customers,” said Donald Hampton, Jr., president of Faurecia Interiors in North America.

In March, Switzerland’s ARG International AG announced an investment in the U.S.-based Magnitude 7 Metals, creating more than 450 advanced manufacturing jobs in Marston, Missouri.

“From Washington to Missouri, what we are announcing today is the result of years of hard work and a major change in the way employers and farmers are treated,” said U.S. Representative Jason Smith (MO-8) about the Magnitude 7 investment. “We are bringing back the domestic aluminum and steel industries, and with it, jobs.”

Manufacturing buzz is building and it has crossed international barriers. Foreign companies recognize the advantages of manufacturing in the United States, and their interest is leading to serious discussions and decisions. This migration seems to be leading to a resurgence in American manufacturing prosperity, returning to its roots as a center of innovation and enterprise.

For more information on the Missouri Partnership, please visit missouripartnership.com.

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Eastern Idaho Secures Its First Foreign Direct Investment

February 9, 2018

This post contains external links. Please review our external linking policy.

Guest post by Lisa Buddecke, Regional Economic Development for Eastern Idaho

Photo of Sakae Casting President and CEO Takashi Suzuki and Lt. Governor of Idaho Brad Little at the 2017 SelectUSA Investment Summit, June 20, 2017.

Sakae Casting President and CEO Takashi Suzuki and Lt. Governor of Idaho Brad Little at the 2017 SelectUSA Investment Summit, June 20, 2017.

Eastern Idaho, known for its Innovation Corridor – featuring extensive science, technology, and research sectors – secured its first foreign direct investment (FDI) success as a direct result of SelectUSA.

In the spring of 2017, Regional Economic Development for Eastern Idaho (REDI) celebrated the grand opening of two Japan-based metal fabrication businesses, Sakae Casting and Ohzen, in Idaho Falls. These investments, the first for both companies in the United States, were finalized after meeting with the Idaho team and SelectUSA representatives at the 2016 SelectUSA Investment Summit.

This FDI came about in a unique way. REDI’s CEO Jan Rogers first contacted Sakae Casting during its 2016 visit to Idaho Falls, thanks to a sister city program between Idaho Falls and Tokai-mura, Japan. At the recommendation of Rogers, Sakae, together with the company’s partner Ohzen, attended the SelectUSA Investment Summit later that summer.

“Thanks to Sakae Casting and Ohzen’s success at the SelectUSA Summit, their representatives returned to Idaho Falls to meet with potential partners, including the University of Idaho, Boise State University, and local advanced manufacturing companies,” Rogers said. “With support from our contacts at SelectUSA, Sakae decided to open its first U.S. location here to focus on research and development and partner with our universities, nuclear, and advance manufacturing companies in product development and sales.”

Selecting Idaho Falls was an ideal fit for Sakae and Ohzen. With the University of Idaho, Idaho State University, Brigham Young University-Idaho, and Idaho National Laboratory in the region, these entities are already beginning to pay off for Sakae Casting.

In November 2017, the Idaho Department of Commerce awarded a nearly $238,000 Idaho Global Entrepreneurial Mission (IGEM) grant to the University of Idaho, Boise State University, and the Center for Advanced Energy Studies to partner with Sakae Casting on research and development on spent nuclear fuel storage and cooling capabilities. The results of this partnership could impact nearly 100 nuclear power sites. The IGEM funding is vital to kick-starting Sakae’s extensive R&D efforts.

Without Sakae Casting attending the SelectUSA Investment Summit and SelectUSA’s ongoing support throughout the process, none of this would have been possible. This successful interaction is a testament to how valuable SelectUSA can be in fostering and supporting FDI in the United States, and how FDI projects can grow foreign capabilities and economic development years after the initial investment.

To learn more about the upcoming 2018 SelectUSA Investment Summit (June 20-22), please visit selectusasummit.us.

 

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Arlington County, Va.: Showcasing at SelectUSA

July 20, 2017

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development. 

By Natalie Monkou, Business Development Manager, Arlington Economic Development.

Arlington Economic Development logoAs a region, the Greater Washington area is a prime destination for international companies that want to expand and grow in the United States. Arlington’s location, just across the Potomac River from Washington, allows companies, both regional and international, unparalleled access to the entire region and the world.

For the past three years, Arlington Economic Development (AED) has attended the SelectUSA Investment Summit (Summit), using the event as an opportunity to showcase Arlington, Va., and its community, businesses, and infrastructure. International companies interested in expanding or locating to the Washington region will find that Arlington has many tangible benefits including:

  • Strategic East Coast location within a two-hour flight time to major business centers in the United States
  • Easy access to three international airports (Washington Dulles International Airport, Ronald Reagan National Airport, Baltimore-Washington International Thurgood Marshall Airport) that connect to markets representing 80 percent of the world’s economy
  • Closest proximity of any Virginia jurisdiction to U.S. federal government, international organizations, and institutions
  • Highest percentage of 25- to 34-year-olds in the country with the majority working in the professional, scientific and technical services industries

As we look to grow and expand our business community, Arlington views SelectUSA as a great convener of subject matter experts that discuss topics of interest to our mission and community. Currently, Arlington is focused on attracting companies in high technology markets such as cybersecurity, energy, health, education, and big data. The Summit provides an ideal platform to engage with compatible businesses and organizations.

This year, as a kickoff to the Summit, we co-hosted a regional dinner with the Greater Washington China Investment Center and our partner EDOs from Washington, D.C., Maryland, and Northern Virginia. During this event, AED representatives engaged with 120 Chinese delegates and investors and local companies that are currently doing business or are interested in expanding their business to the United States.

The Summit is also a great platform to attract international companies. During our first visit to SelectUSA in 2015, AED met with representatives from Arktis Detection Systems, Inc., a Zurich, Switzerland-based company that develops cutting-edge radiation detection systems. The company has received funding from the Defense Advanced Research Projects Agency, which also happens to be headquartered in Arlington, to continue work on its advanced range of detectors. As a result of those discussions, in April 2016, Arktis opened its first U.S. subsidiary in Arlington. The Arlington location has given the company a home base in the United States to support and grow its operations. It was especially rewarding this year to see and listen to Rick Muntz, acting president of Arktis, speak on the “Preparing for and Managing Sustainable Growth: Exploring U.S. Soft Landings” panel at the Summit.

Overall, this served as a reminder of the success and the support that international companies, especially early-stage startups, receive when locating or expanding to the United States and Arlington, Va.

Interested in learning more about Arlington, Va., or how Arlington Economic Development can assist with your company’s business move? Contact us at aed@arlingtonva.us.

 

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In Idaho, Rural is a Great Investment

June 9, 2017

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.

By Megan Ronk, Director, Idaho Commerce

In Idaho, we know as well as anyone what great opportunities rural America provides to businesses from across the world. From a highly skilled workforce, government support, and unmatched natural resources, more and more businesses are realizing the advantages of investing in rural states like Idaho.

During the last several years, Idaho has become home to many significant relocation and expansion projects. Chobani’s decision to build the world’s largest yogurt facility in Twin Falls raised eyebrows around the world. But the company’s decision to invest in our state, plus numerous other examples, highlights Idaho’s diverse economy, and the many ways rural America can support a variety of different businesses and industries.

  • Kochava, a leading software analytics company, chose to expand in Sandpoint, creating more than 200 new jobs and more than $100 million in new wages.
  • The Dow Chemical Company constructed a $20 million facility in Burley, generating more than $12 million in new wages.
  • Orgill, the world’s largest independent hardlines distributor, will be expanding into a distribution center in Post Falls, creating more than 130 jobs and $68 million in new wages.
  • McCain Foods USA, whose parent company is based in Canada, recently announced a substantial expansion to its potato processing plant in Burley, an expansion to the tune of $200 million and 180 new jobs. McCain is the largest manufacturer of frozen potato products in the world, and a supplier to thousands of restaurants and supermarkets across the globe

These are not only huge economic wins for Idaho, but also a perfect example of why investing in Rural America is a great business decision.

McCain’s decision to put down roots in Idaho and grow in the state has been the result of a joint effort on the part of the company’s leadership and a collaboration between local and state officials, associations, and the company.

International investments like McCain demonstrate the draw and economic opportunity of rural communities in the United States. By maintaining a business-friendly economic climate, low tax rates, reasonable regulations, access to a first-class workforce, low-cost power, and many other advantages, we expect to see continued growth and expansion in our rural communities.

If you’re a global business investor looking for your company’s next expansion location, we recommend taking a look at rural America.

Attending the SelectUSA Summit?

We are excited to participate in the upcoming SelectUSA Investment Summit, June 18-20. If you’ll be there, too, we invite you to see Idaho Lieutenant Governor Brad Little at the “Make it in Rural America” session during the SelectUSA Investment Academy. Afterwards, stop by Booth 311 in the Exhibition Hall to meet Team Idaho. We look forward to showing you what The Gem State has to offer.

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Finding Unique International Investment Opportunities in Montgomery County, Maryland

June 1, 2017

Guest blog post by Spiros Balntas, CEcD, Director of Business Recruitment, MCEDC

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.

Next door to the nation’s capital is a bustling business center that is building a powerful innovative base for emerging industries. With one million residents, Montgomery County is the most populous county in Maryland, and home to more than 32,000 businesses, including 227 internationally owned companies. These global companies have a major presence in the county, adding to a vibrant economic workforce in a culturally diverse and growing area.

Knowing that international companies seek out key attributes in choosing a location, Montgomery County Economic Development Corporation (MCEDC) focuses on highlighting the areas where Montgomery County gets the highest marks, and offering new opportunities for global business to grow. Some of the county’s homegrown companies have become international from this home base.

Here are examples of companies with global reach that have chosen to come into the county or expand here:

  • Choice Hotels – International company based in Rockville, MD
  • Greencourt Innovation Center – Chinese-owned company creating a green, state-of-the-art innovation center in Rockville MD
  • GSK – British pharmaceutical company, opened its first dedicated vaccines R&D center in Rockville, MD
  • Honest Tea – International sales from its Bethesda, MD headquarters
  • Marriott International – In 122 countries from its Bethesda, MD headquarters

A Highly Educated Population

Montgomery County boasts the nation’s highest percentage of adults with post-graduate degrees – 31 percent – higher than anywhere else in the country. Local colleges and universities in the county contribute to an active pipeline of skilled employees. The Universities at Shady Grove offer degree programs from nine University of Maryland institutions, and is constructing a state-of-the-art, biomedical sciences building. Meanwhile, Montgomery College’s Bioscience Education Center is a 145,000-sq. ft. complex for STEM field education and workforce development.

A Hub for Connectivity

Companies with a presence in Montgomery County, recognize the incredible benefits of our unique proximity to federal agencies, foreign embassies, chanceries and diplomatic missions. Transportation also frequently rises to the top of the list for global companies deciding on a home base. Montgomery County-based companies have three international airports to choose from, each within 30 miles: Ronald Reagan Washington National, Washington Dulles International and Baltimore/Washington International Thurgood Marshall Airport. Montgomery County is also part of the Greater Washington rapid transit system, providing easy access to the national capital area.

A Central Location for Growth Industries

Montgomery County’s industry clusters are growing in key areas including cybersecurity, biohealth and information technology. When global GSK opened its first U.S. dedicated vaccine R&D center in Rockville, the company cited Montgomery County’s location at the heart of a dynamic and cutting-edge bioscience hub in Washington, D.C. as a key factor in its decision. Many also take advantage of proximity to federal institutions including the National Institutes of Health, the Food and Drug Administration and the National Institute of Standards and Technology, among others—all headquartered in Montgomery County.

It’s not just the biohealth and cybersecurity clusters that are growing – so is the hospitality industry. Marriott Hotels, which has a long history in Montgomery County, is planning a state-of-the-art, $600 million complex in downtown Bethesda. Choice Hotels also chose to keep its Montgomery County roots in selecting Rockville for its expanding headquarters.

Opportunities for Building and Growth

Business infrastructure is in high demand, especially the need for more wet lab space for BioHealth companies. Montgomery County is planning for improvements in future land use, including zoning changes to meet long-term goals and objectives in the BioHealth Capital.

Montgomery County is poised to continue its rapid growth as a magnet for global business – and MCEDC is here to help international companies find success.

For more information, reach out to:

Spiros Balntas, CEcD
Director of Business Recruitment
Montgomery County Economic Development Corporation
spiros@thinkmoco.com
301.857.1942

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Companies from 15 Countries Expanded in Oakland County, Michigan in the Metro Detroit Region in 2016

April 13, 2017

More than 40 percent of total job-supporting investment came from foreign-owned firms.

This post is part of SelectUSA’s EDO Spotlight series, highlighting the work of EDOs around the country recruiting foreign direct investment, how that work supports jobs and economic growth across the United States, and how SelectUSA partners with EDOs to support economic development.

Located in the heart of the Metro Detroit region, Oakland County, Michigan, has long been a community open and inviting to foreign direct invest (FDI) from around the world. This investment supports nearly 6.4 million U.S. jobs, and over 200,000 jobs in Michigan, making it a great driver of growth in our state.susa

FDI has traditionally come from the automotive industry, with 75 of the top 100 global tier 1 automotive suppliers making Oakland County their North American home. Now with the mobility movement and the exciting autonomous vehicle technology being developed here in the region, Oakland County is seeing companies from new technology sectors looking to locate into our community.

Today, new FDI is coming from multiple sectors, including:

  • Automotive / Mobility;
  • Healthcare technology;
  • Information technology;
  • Defense; and
  • Advanced / Light-weighting materials sectors.

Our county is home to over 1,000 foreign-owned firms from 39 countries, which could easily compare to many U.S. states. Last year we saw companies from these 15 countries make our community their home or expand their operations here:

Australia                Germany                Japan                           Norway

Canada                   India                       Korea                           Spain

China                      Ireland                   Mexico                         Switzerland

France                    Italy                        Netherlands

Having had a strong FDI strategy for over 20 years, we have gotten to fully understand what companies need in order to be successful in the USA, and we give the companies a chance to “try us out” before making a commitment. Our International Business Center (IBC) at Automation Alley (the region’s technology consortium) and the OU Inc business incubator at Oakland University are both Certified International Soft Landing Centers. Businesses can locate here for three months free of charge while they test out the U.S. market and the Oakland County location. My team and I work with them on building their business in our region and making important connections for them in their industry, helping them understand what we already know: that there’s no place better to invest than the United States.

Michigan has a great business case for all companies, including a talented workforce, great business support, and a diverse economy. When you look at the technology that comes out of Oakland County, it’s no wonder the US Patent office opened its second location in our region. Technology and innovation are clearly seen in every industry here in Southeast Michigan.

The great success we have had in our FDI work has created numerous benefits for the community. Not only do foreign-owned firms create thousands of jobs in the region and help grow our economy, the new investments have also helped bring various cultural assets to our community. These include several dynamic ethnic business chambers, including:

  • Sweden American Chamber of Commerce;
  • Irish American Chamber of Commerce;
  • German American Chamber of Commerce;
  • French American Chamber of Commerce;
  • Italian American Association of Business & Technology (IAABT);
  • Japanese Business Society of Detroit; and
  • Detroit Chinese Business Association.

We have the largest Japanese School in the United States, one of the most prized Chinese art collections, top rated French and German schools, and we have one of the largest bocci ball stadiums in the world for our Italian residents. These cultural assets are imperative to the quality of life for all our residents.

SelectUSA has been a great partner of ours in our FDI success. From the online tools available to us, to the SelectUSA staff that specialize in different regions of the world, we rely on our partners regularly. We work with them closely to understand the markets we are interested in and to help us successfully recruit investment from those markets. The SelectUSA Investment Summit is a “must attend” event for us. In the last two years, we’ve gotten over 10 leads and 4four successes from our participation. We’ll be there again in 2017, and we hope to see you there!

For information on Oakland County, Michigan, contact us at Info@advantageoakland.com or through our website: www.AdvantageOakland.com