foreign direct investment
CHIPS Incentives Program: Security Guardrails Finalized
Guardrails will ensure manufacturing and technology investments made under the CHIPS Act bolster technological and national security of U.S. and its allies and partners.
Intel To Invest $1.2B In Costa Rica
Over the next two years, U.S. chip manufacturer Intel is planning to invest $1.2 billion in Costa Rica, where it employs 3,300 workers.
Automotive Industry Projects Bring Alabama $404M In Investment
Hyundai will invest $290M to upgrade its Montgomery assembly plant; Shinhwa Auto USA will spend $114M to expand its Auburn manufacturing operation.
19th Annual Rankings: 2023 Global Rankings Report
Once again, the U.S. ranks as the top destination for foreign direct investment, followed by China and Canada, in the 2023 Global Rankings Report.
Zilmet Picks South Carolina For First U.S. Manufacturing Plant
Italy-based manufacturer Zilmet will invest $32.7 million and create approximately 50 new jobs in Georgetown County, South Carolina.
VinFast Kicks Off $4B EV Complex In North Carolina
Vietnam’s largest FDI project ever in the U.S., the Chatham County electric vehicle and batteries manufacturing complex will be VinFast’s first North American EV manufacturing facility.
Ascendion Launches New Generative AI Hub In Mexico
U.S.-based software engineering company Ascendion will create a center for Generative AI skills in Monterrey, adding an estimated 1,500 jobs over three years.
Spyrosoft Picks Pittsburgh For U.S. Headquarters
The Poland-based software development firm chose Pittsburgh to be near local robotics companies and have access to the Pittsburgh Robotics Network.
Korean Automotive Supplier Picks Georgia For First U.S. Facility
Boogook Industries will invest nearly $7M to redevelop an existing building in Macon, GA, where it will create 80 jobs in 2024.
Arkansas: Growing The Great Outdoors
An Irish firm expands in Sherwood, Arkansas, and outdoor recreation is a focus in The Natural State.
19th Annual Global Rankings Report: Standout Locations For Site Selectors
Foreign direct investment, renewable energy, and global smart cities
are included in this year’s global rankings.
Texas, Virginia, Louisiana Top 19th Annual State Rankings
Business Facilities 2023 State Rankings reveal Business Climate, Workforce Training, Tech Talent leaders. Plus, the electric vehicle industry drives new growth.
Expleo To Locate Its First North American R&D Facility In Michigan
The Paris-based company offers technology and engineering services to the automotive industry to further mobility and electrification advancements.
Global Biotech Company Chooses New Jersey For $50M Investment
Enzene Biosciences will create 300 jobs with its new 55,000-square-foot bio manufacturing plant on the Princeton West Innovation Campus.
The Last Word: The Reshoring Movement Is In Full Stride
Manufacturers should consider five factors if moving from a China or other offshore location, advises Rosemary Coates, Executive Director of the Reshoring Institute.
Woory To Invest $18M In Georgia EV Parts Facility
The South Korean automotive parts maker will establish a new electric vehicle parts manufacturing, R&D facility in Dublin.
FDI Activity Going Strong
For 11 consecutive years, the U.S. has ranked as top destination for foreign direct investment, and here’s a look at several hot spots across the nation.
Brembo Completes $207M Caliper Plant In Mexico
Strengthening Brembo's presence in North America, the expansion more than doubles the plant's size and will add more than 500 jobs in Escobedo, in the State of Nuevo León.
SelectTalentUSA Aims To Increase Quality Jobs Through FDI
SelectTalentUSA strengthens federal technical assistance to foreign multinationals starting or expanding U.S. operations. Plus, largest Investment Summit in SelectUSA history wraps up.
North Carolina’s Chung Accepts 2022 State Of The Year Award
Business Facilities recognizes outstanding business climate and economic development efforts with this annual award.