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Economic Development staff proposes formal foreign direct investment effort to attract global employers
Summary
Economic Development staff presented a proposal to formalize a foreign direct investment (FDI) strategy focused on technology, manufacturing and aerospace, citing workforce assets, local partnerships and near-term events as reasons to pursue targeted recruitment.
Gus Garcia and Marty (Office of Economic Development) briefed the council on Jan. 7 about a proposed formal foreign direct investment strategy to attract overseas companies that might locate or expand in Arlington.
Gus Garcia described foreign direct investment as foreign companies investing in the U.S. through new facilities (greenfield) or redevelopment (brownfield). The presentation…
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