foreign direct investment

CHIPS for America

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 Costa Rica

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 Alabama

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.
2023 Global Rankings

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 South Carolina

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 North 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 Mexico

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 Pittsburgh

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.
Boogook Industries Georgia

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

Arkansas: Growing The Great Outdoors

An Irish firm expands in Sherwood, Arkansas, and outdoor recreation is a focus in The Natural State.
Global Rankings

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.
mobility

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.
Enzene Biosciences New Jersey

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.
Reshoring & Rebuilding Supply Chains

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 open new EV facility in Georgia

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.
foreign direct investment

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 Mexico

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.
2023 SelectUSA Summit

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.
business climate

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.
tax credits

Listen Now: Living And Learning In Lubbock, Texas, With John Osborne, CEO, Lubbock EDA

Lubbock EDA CEO John Osborne discusses business climate and downtown revitalization in the Business Facilities Podcast.
2023 Deals Of The Year

2023 Deals Of The Year

Entries for Deal of the Year awards spanned industries, investment types, and winning strategies. Here are the stories of this year’s picks.
Texas 2023 State of the Year

2023 State Of The Year: Opportunity Awaits In Texas

A robust business climate and strategic growth during 2023 earns the Lone Star State this recognition.

[VIDEO] Get More for Your Business in Ardmore. Oklahoma

The ADA owns three industrial parks and several single sites and buildings, giving our organization both the power and incentive to negotiate favorable terms for expanding companies.

Location Spotlight: Charging into the EV Market in Northwest Ohio

With close proximity to Detroit, an extensive transportation network and a trained, educated workforce, the Toledo/Northwest Ohio region has a long successful track record within the automotive industry. Those inherent assets are the same resources which make this region an attractive location for the evolving electric vehicle market.