Attracting Foreign-Owned Businesses to the Research Triangle
Foreign-owned firms are a critical part of our state and regional economy. They employ more than 250,000 North Carolinians and have contributed more than $14 billion to the economy in the last 11 years. This year, for the first time, we are hosting a forum that will focus on foreign direct investment in the Triangle. Join us at this event on July 26 that will highlight the importance of FDI to the economic growth of our state and region.
Through Wake County Economic Development, our area has a targeted, strategic effort around foreign direct investment. In the Research Triangle region, there are more than 625 international companies, including 145 Asian-owned firms. In the last year, we’ve seen some major announcements in our area from foreign-owned companies. Infosys announced it would bring a 2,000-job tech hub to Raleigh. Ajinomoto announced a $30 million investment to expand upon their existing facilities and Credit Suisse announced it would add 1,200 jobs to Wake County.
This forum will provide insight on the past, present, and future activity of Asian investment in our region. We will explore the key factors influencing new and existing FDI in the Research Triangle, as well as trends for the continuation of economic growth through FDI.
Our keynote speaker is Takashi Shinozuka, the Consul General of Japan, based in Atlanta. He will discuss the impact and importance of the long-standing relationship between Japan, North Carolina and the Research Triangle. You also will have the opportunity to hear from Norikazu Mori, chief executive director of the Japan External Trade Organization (JETRO). Then, there will be a panel discussion. The panelists include:
Michael Landguth, CEO, Raleigh-Durham International Airport (moderator)
Chris Chung, CEO, Economic Development Partnership of North Carolina
Elissa Sharon, Global Commercial Banking, International GTS, senior vice president, Bank of America
Dennis Gada, regional head, Financial Services & Insurance, Infosys