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.

 

 

 

 

A Stronger Workforce through Understanding Mental Health and Addiction

About three months ago, we launched our Recovery Within Reach campaign, a first-of-its-kind effort to educate Ohioans about the financial effects of opioid addiction — and to connect them with treatment options close to their homes.

Our goal is to create a new way of talking about addiction, one in which people consider the facts and practical realities of how substance use disorder affects their lives. Not long ago, Gov. Mike DeWine challenged all of us in state government to think of ways we could help Ohioans navigate the opioid crisis that has affected our state for so long. For us, that meant considering the financial effects of addiction — and providing tools and trainings to help Ohioans and financial advisers talk about addiction and access care.

read more

Newark Development Partners continues to make strides in Downtown Newark

Newark Development Partners (NDP), the community improvement corporation for the City of Newark, continues to further development in the Downtown through various projects. The sale of the Hudson Avenue Church with surrounding property, the renewal of the Downtown Special Improvement District and the commencement of construction at the Historic Arcade are all recent successes for the City of Newark.

read more