On Thursday, March 13, 2014 the NADO Research Foundation and the U.S. Economic Development Administration (EDA) hosted an informative webinar about the Best Practices in Foreign Direct Investment and Exporting Based on Regional Industry Clusters. The webinar walks attendees through the web-based resource that is designed to promote ways to more effectively attract Foreign Direct Investment (FDI) and develop export potential. The project profiles several useful examples for local communities that may want to introduce initiatives to promote exporting and FDI or have already launched such initiatives and want to make them more effective.
The sixth and final in a series of free webinars about various data tools developed with support from EDA, a nationwide analysis was done to identify case studies of exporting and FDI that were situated in a local community or region, or that could provide guidance for a local community or region. Although state and federal governments are commonly key actors in exporting and FDI, this research provides direction for communities by emphasizing local and regional initiatives. The case studies provide examples from across the United States that collectively create a global network that reaches nearly every corner of the world and includes: Africa, Asia, Canada, Europe, Latin America, and the Middle East. There are a range of industries covered in these case studies including: biosciences, automotive and aerospace, electronics and energy, advanced manufacturing, information technology, financial services, distribution, and food, agriculture, and water.
Partnerships are fundamental to the success of exporting and FDI, and while exact partnerships are unique to each case study there are common themes: industry, universities, foundations, and local, state, and federal government institutions.
The webinar presenters were:
• Alfie Meek, Director of Innovation Strategy and Impact at Georgia Tech’s Enterprise Innovation Institute
• Jan Youtie, Director of Science, Technology, & Innovation Policy at Georgia Tech’s Enterprise Innovation Institute
• Brian Kelsey, NADO’s Director of Economic Development, moderated.