Area Development
Site & Facility Planning Insider
Ensuring a Successful FDI Decision
According to the Economist Intelligence Unit, Canada ranks first among the G7 countries for its business environment for the forecast period 2019–2023. The country is dedicated to protecting its key industries, investing in innovation, and developing its workforce. It’s not surprising, therefore, that Canada saw the highest FDI inflow increase among the G7 — 60 percent — in 2018. In fact, Canada boasts one of the most educated workforces in the world, with more than 55 percent of Canadians having graduated from postsecondary institutions. The nation’s welcoming approach to immigration further expands its talent pool.

In addition, Canada has the ability to serve as a platform for global trade into and from North America. The re-negotiated NAFTA agreement — known as the Canada-United States-Mexico Agreement — maintains preferential access to and from the U.S. market. Canada has also expanded trade relations with Asia through the TPP, with Europe through CETA, and with nearly 40 other nations through various trade agreements.

The United States is ranked third among the G7 countries by the Economist Intelligence Unit for its business environment for the forecast period 2019–2023. Companies from all over the world want to do business in the U.S., and there’s an emerging trend among individual states to support this international investment, which produces 23 percent of U.S. exports and funds 16 percent of U.S. innovation efforts.

Although the U.S. is well positioned to attract FDI, foreign companies must still undertake comprehensive due diligence in order to make an optimal U.S. investment decision. Among the factors to consider are taxes and incentives, infrastructure at prospective sites, and, of course, the labor situation. In order to fulfill their workforce needs, foreign firms need to be aware of workforce trends and realize that data alone may not give them a complete picture of the labor situation in a particular market. These companies should delve deeper into available workforce data to determine net migration versus overall population, graduation rates, proximity to competitors, and other staffing metrics.

Ultimately, whether setting up a facility in Canada, the U.S., or their home country, a company needs to ensure through a thorough site selection process that it is creating a framework for their new facility’s success.

High-Quality Talent: The Not-So-Secret Ingredient in Canada’s Economic Recipe for Success

Vic Fedeli Vic Fedeli, Ontario Minister of Economic Development, Job Creation and Trade
 

Canada’s education system and immigration approach attract talent that strengthens our labor force and business markets.

Read the whole story...

 

It’s Time to Change Attitudes Over the Northern Latitudes

Daniel Ujczo Daniel Ujczo, Practice Group Chair, Canada-US, Dickinson Wright PLLC
 

Canada’s ability to serve as a platform for global trade into and from North America, while developing a series of innovative tools for next-generation growth, is one of its greatest strengths.

Read the whole story...

 

FDI Surges Ahead in Canada

Marc Beauchamp Marc Beauchamp, President & CEO, The CAI Global Group
 

Canada continues to be a premier investment destination and is dedicated to protecting its key industries, investing in innovation, and developing its workforce.

Read the whole story...

 

#1 Place for Your Next Business Home

With over 6 million people speaking over 90 languages, 35 colleges and universities within close proximity and no state income tax, companies today see Greater Fort Lauderdale as a dynamic region and one of the most desirable business locations in the U.S.

Discover Why We're Florida's Leader in Business Growth…

U.S. Governors’ Strategies to Attract FDI

Nancy McLernon Nancy McLernon, President & CEO, Organization for International Investment (OFII)
 

There’s an emerging trend among the individual states to encourage and support international investment, realizing all the economic and social benefits it brings to their regions.

Read the whole story...

 

Workforce Strategies for Projects Generated by FDI

Ann Petersen Ann Petersen, Managing Director, Business Incentives Practice, Cushman & Wakefield
 

Companies need to remain aware of U.S. workforce trends and realize that data alone may not give them a complete picture of the labor situation in a particular market.

Read the whole story...

 

Practical Considerations for Expanding into the U.S.

Brian Smith Brian Smith, Partner, EY Americas Indirect Tax Inbound and US Location Investment Services Leader, Ernst & Young LLP
 
Zachary Weinstein Zachary Weinstein, Manager, Indirect Tax Practice, EY
 

The U.S. is well-positioned to attract FDI, but comprehensive due diligence and planning is still necessary for a business to make an optimal investment decision.

Read the whole story...

 

Consultants Forum Upcoming Events

Attend OutFront Workshop Forum
The Westin Book Cadillac, Detroit, MI
March 30-April 1, 2020

Register Now
Area Development Consultants Forum
We send Site & Facility Planning newsletters to Area Development readers who opted in at http://www.areadevelopment.com/ or on a mailed/faxed subscriber card. If you wish to unsubscribe from receiving our Site & Facility Planning newsletters you may use the "unsubscribe" link below. Or, click the "update preferences" link to revise your preferences.
unsubscribe from this list update subscription preferences
Area Development 30 Jericho Executive Plaza Suite 400 W Jericho, NY 11753 USA 1-800-735-2732
Area Development Online
Copyright © 2019 Area Development, All rights reserved.