 Efforts to entice foreign-owned companies to invest in new or expanded operations in Minnesota are in full swing in at DEED's Office of Foreign Direct Investment and among other regional and local economic development officials.
And there's a renewed sense of purpose and vigor as we're working together to pitch Minnesota as the best location for foreign-owned enterprises looking to establish headquarters or major operations in North America.
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It's All About Job Creation
 Why the emphasis on attracting foreign companies? Simple. More foreign investment equals more jobs for Minnesotans.
Few people realize that about 101,000 Minnesotans already owe their jobs to foreign companies that have invested billions in about 720 affiliates statewide.
"These jobs tend to pay more," says Laurence Reszetar, who heads Minnesota's Office of Foreign Direct Investment. "They're also very stable and they're in advanced industries where we want to be."
Touting key industry strengths and logistical advantages, Reszetar and other officials are working hard to raise Minnesota’s profile and increase the state’s share of foreign direct investment over the next few years.
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Check out our interactive Foreign Direct Investment Map to see which
companies are invested here, where they’re from, where their Minnesota
locations, and what they do.
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Trade Director Meets Delegation from China's Consulate General
Minnesota Trade Office Executive Director Kathleen
Motzenbecker met this week with a delegation from the Chinese Consulate General
in Chicago.
One of the topics
discussed: The desire to increase Chinese investment in the state. Chinese FDI in Minnesota reached about $514 million in 2014. Wuxi AppTec, CAIGA-Cirrus Aircraft and wind-power generator GoldWind are among the Chinese-owned companies here.
Pictured left to right: Guo Jinyeu (vice consul for political and press affairs); Motzenbecker; Deputy Consul General Liu Jun; Li King Feng (Minnesota Trade Office); Li Han, (consul for political and press affairs).
Group has new plan for promoting foreign trade and investment in Twin Cities Metro (St. Paul Pioneer Press, 04/17/15)
 David Johnston talked trade, education, and discussed ways to improve an already very positive relationship between Canada and Minnesota. (Minnesota Public Radio, 04/27/15)
Canada is Minnesota's largest foreign export market by far, with sales of $5.56 billion last year.
Two-way trade between Minnesota and Canada tops $19 billion in goods and services each year.
More than 174,000 Minnesota jobs rely on this mutually beneficial trade relationship. (04/27/15 KARE 11 News)
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