How innovation is attracting FDI to the U.S.
Just last month, I attended the 48th annual Midwest U.S.-Japan Conference in St. Louis.
My biggest takeaway from the event was a feeling of renewed enthusiasm for future foreign direct investment (FDI), specifically in the Midwest. This enthusiasm is fueled by a strong U.S. economy, especially when compared to economies in Europe, South America and Asia. While a strong U.S. dollar and an uncertain political environment can give foreign business leaders pause, our country remains the clear FDI leader among Japanese multinational enterprises.
Business leaders from both countries were interested in discussing disruptive innovation; and driving this innovation was a recurring theme in both large sessions and smaller break-out discussions. When talking with business leaders, we heard repeatedly that global partnerships, strategic acquisitions and local talent are driving some of the most interesting technology breakthroughs.
With a strong reputation for a business-friendly ecosystem and a support network for Japanese expats, Greater Cincinnati continues to be a strong option for Japanese companies looking to open a U.S. location. From manufacturing and machine tooling expertise to a convenient geographic location, our region has the resources foreign business leader need to grow their businesses. To learn more about why Greater Cincinnati is a good fit for FDI, visit redicincinnati.com/international.