Foreign Direct Investment in Ohio is a Priority for JobsOhio

Jun 26, 2018 | News, Newsletter

Lee Crume
JobsOhio

 

The constant global chatter around trade wars and tariffs may make one wonder if foreign direct investment (FDI) could be headed for a decline in the United States. But the fact is the exact opposite is happening. International investment continues to rise in both the U.S. and Ohio. JobsOhio has announced six major FDI projects in 2018.

More than 3,700 foreign establishments from 49 countries operate in Ohio. Continued visits from foreign business federations like Keidanren reinforce that Ohio is an ideal location for international investments, in part because of JobsOhio’s client-first business practices.

That doesn’t happen by accident. For the fourth year running, JobsOhio joined our regional partners from across the state in Washington, D.C. for the 2018 SelectUSA Investment Summit, the United States’ highest profile event dedicated to promoting FDI in the U.S. Approximately 3,000 attendees from 64 international markets attended this year’s summit June 20 through 22. All attendees have a serious interest in investing in the U.S. and this event is the most efficient way to connect with global decision-makers to offer compelling reasons why they should make Ohio home.

Participants of previous SelectUSA Investment Summits (2013 to 2017) have announced more than $71 billion in greenfield investment projects in the United States, $1.5 billion of it happening in Ohio. It was at a SelectUSA Investment Summit where the Ohio team connected with Sofidel, an Italian paper manufacturer, ultimately creating the largest private-sector investment in Circleville in decades. The $300 million tissue paper factory, expected to be complete by the end of 2018, will bring 300 jobs to the region.

As potential foreign investors consider Ohio, we like to remind them that JobsOhio strengthens the relationship by:

  • offering site selection
  • helping with talent acquisition.
  • navigating taxes and regulations.
  • finding trusted service providers such as attorneys, bankers and accountants.
  • making introductions to potential resources, including trade associations, workforce development programs and nearby universities.

We, along with our regional and local economic development partners, take a client-centered approach to serving international businesses, from mid-market companies to multinational corporations, that simplifies the decision-making process. Throughout the entire investment process, our unified network of REDOs and LEDOs partner with companies to ensure a positive experience. Our expertise and client-first approach turn the overwhelming into the possible.

The theme for the 2018 Investment Summit was Invest Here. Grow Here. Succeed Here. Let’s all continue our work to make sure “here” is in Ohio.

 

 

 

 

Roseville Officials Invest $7M to Revive Village, Offer New Business Opportunities

ROSEVILLE – Nearly a decade of grant-funded projects are transforming the village of Roseville.

Few will have the impact of a the new supermarket building. “It will be the centerpiece of a new downtown,” said Heidi Milner, the village’s fiscal officer.

It is nearing completion on part of the former Ungemach Pottery site on Potters Lane. Construction was funded by $750,000 in grants, the bulk of which was a USDA Rural Development Grant, and local investment. The new building features a grocery store, restaurant space and a walk-up window that could be used for ice cream orders. Garage doors on each side of the dining area will give it a pleasant summer atmosphere, as will a patio behind the building that opens facing the levy.

read more

Clinton County Port Authority Launches New Website

WILMINGTON, OH — The Clinton County Port Authority (CCPA) recently launched a new website, created by Golden Shovel Agency, to further strengthen its online presence and the economic growth of the community. The new site includes county-wide data, information specifically collected for site selectors, and local business resources to serve as a one-stop-shop for companies considering new investment or expansion in Clinton County.

read more