Foreign Direct Investment Attraction Strategy
We Understand Foreign Investment: Our foreign direct investment (FDI) director (Ms. Hoori Khandani) is on the International Economic Development Council’s international advisory committee. She is an attorney that is also well versed in immigration, economic development, US corporate law, international law, and international trade and finance. She recently spoke at the International Economic Development Council’s annual conference on economic development organizations attracting foreign direct investment.
Foreign direct investment, or FDI, is essential for the success of any economic development policy. The United States is the largest recipient of FDI in the world because foreign investors are enticed by its business-friendly environment and quality of life considerations, available technology, supply chain, infrastructure, and workforce factors.
In return for creating such an amenable environment, the U.S. benefits with economic growth and prosperity, creating highly compensated jobs, spurring innovation, and driving exports. The numbers show that 7.4 million American workers are employed by U.S. affiliates of foreign-owned businesses, 2.5 million manufacturing jobs. Source: U.S. Bureau of Economic Analysis
Foreign companies previously exporting to the U.S. to serve its vast consumer market may be worried about restrictions on their exports or future disruptions to the supply chain — in which case they would seek to set up U.S. operations. Source Area Development
Attracting Foreign Direct Investment Through “Soft-Landings” Initiatives:
Effective Facilitation: Effective facilitation is important when the investor needs to secure permits, licenses, and approvals to establish operations in the country. The IPA (Investment Promotion Agency) plays a key role in assisting investors to facilitate their projects. Many IPAs) have established a “one-stop-shop” to provide all the approvals and clearances needed.
A professional services team can include:
In the quest to attract foreign direct investment, some economic development organizations are providing soft landing services.
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