Attracting international investment can seem daunting, especially for economic development organizations (EDOs) new to the endeavor or with limited staffing resources. However, successfully attracting foreign direct investment (FDI) to a locale typically provides generous returns. While FDI attraction presents a unique set of challenges, at its core, it works by the same principles as domestic business attraction.
Thankfully, there are federal resources such as SelectUSA and the U.S. Commercial Service, as well as state and local resources including chambers of commerce, industrial associations, cultural organizations, and international twinning agreements that can be leveraged to overcome the challenges associated with FDI attraction. Ultimately, the strategies and resources for connecting with foreign investors are more accessible than they seem at first glance.
Read the full article from Golden Shovel Agency here.