Foreign Direct Investment in Ohio is a Priority for 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.
The Ohio Economic Development Association is pleased to announce that seven economic development practitioners have been awarded the credential of Ohio Certified Economic Developer (Ohio CED) during the organization’s 2018 Annual Excellence Awards ceremony held Columbus, Ohio on October 17, 2018. The following individuals have been awarded the Ohio Certified Economic Developer (Ohio CED) credential:read more
OEDA would like to take this opportunity to thank the following individuals who served as mentors for the first cohort of Ohio CED candidates:
Greg Davis, Ohio State University Extension
Harry Eadon, Economic Development & Finance Alliance of Tuscawaras County
Jeremiah Gracia, City of Dublin
Anthony Jones, City of Gahanna
Chris Lipson, City of Dayton
Lisa Patt McDaniel, Workforce Development Board of Central Ohio
David Zak, Tiffin-Seneca Economic Partnership
ATHENS, Ohio – Ohio University’s Voinovich School of Leadership and Public Affairs will receive $1.6 million from the U.S. Department of Commerce Economic Development Administration to fund a new program to assist southeastern Ohio communities affected by the decline of the coal industry.read more