Fact: Chicago leads U.S. in Foreign Direct Investment (FDI).
- As of 2018, 1,800 businesses whose parent is located outside of the U.S.;
- $100 billion investment;
- 1,000 new Chicago jobs in 2018 alone.
Belief: The Chicagoland/Tri-State area is ripe for more FDI!
Why use Foreign Direct Investment (FDI) to augment a Business Retention and Expansion (BRE) program?
It seems that every Economic Development Organization (EDO) is now jumping on the bandwagon to add FDI as part of their BRE. While not a new tool, FDI can be the secret sauce that can flip the outdated model of “winner take all / I win you lose” to “let’s grow the pie together.” Continue reading
CHICAGO — More than 400,000 votes were cast for the Conde Nast Traveler Readers’ Choice Awards, and Chicago was named the best big city in America for the second year in a row, edging out New York City and New Orleans. The 2018 list, released Tuesday, highlighted Chicago’s top-of-the-line restaurants, breweries and museums.
Entre Commercial Realty based in Arlington Heights said it brokered the lease of a 15,020-square-foot industrial facility at 1236 Hardt Circle in Bartlett to a foreign entity that is a subsidiary of a large Chinese manufacturing company. Read the entire article.
Given the resounding success of the Foreign Direct Investment (FDI) 101 event held in Elk Grove Village in February, SelectChicago is hosting an FDI 201 seminar on April 19 at the Illinois Science and Technology Park in the Village of Skokie. Register Here!
Attendees of FDI 201 are eligible for a complimentary customized data profile for your community created by Statebook International. StateBook Community Profile Registration
StateBook International is an official partner with SelectUSA.
Foreign Direct Investment 201 – Program Agenda
8:00 AM – Registration, Networking & International Breakfast
9:00 AM – Welcome to Skokie and the Illinois Science + Technology Park
9:10 AM – Right Here, Right Now…Examples of Foreign Direct Investment (FDI) in Our Own Backyard
9:45 AM – FDI 201 – How Money Flows Between US and Foreign Investors and Can We Increase Chicagoland’s Share?
10:15 AM – SelectChicago Program Update/China Tour
10:30 AM – Break
10:40 AM – Preparing for FDI and Improving Your Community’s Response to Site Selection RFP’s
11:15 AM – Overview of SelectChicago – U.S. Department of Commerce Official SelectUSA Spin-Off City
11:30 AM – Conclusion of Program
For more information on our last event, FDI 101, visit our recap page.
SelectChicago’s own Roy Czajkowski and Shai Lothan are on the China Road Show! Shai Lothan is featured in this Tweet.