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.

 

 

 

 

HB168/BFPD Informational Webinar

Join a discussion, hosted by the Greater Ohio Policy Center (GOPC), to learn about the recently passed HB168, which establishes the bona fide purchaser defense (BFPD) into Ohio law. The establishment of the BFPD into Ohio law better aligns Ohio law with federal standards, and aims to encourage the redevelopment of lightly contaminated brownfield sites.

read more

An Open Letter to OEDA’s Members and Ohio’s Economic Development Community

OEDA has been listening and learning as the issues around systemic racism have been brought to the forefront and captured the nation’s attention.  It is devastating that the deaths of Ahmaud Arbery, Breonna Taylor, and George Floyd—and, sadly, the indisputable video evidence of their killings—became the catalysts for our country to collectively pay attention and admit that systemic racism exists. What is also indisputable is that the time for change is now.

read more