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Greater Portland Inc travels to Germany for business recruitment

June 08,2018 | By Anna Marum
Greater Portland Inc, together with Business Oregon, Prosper Portland and Economic Development for Central Oregon, is heading to Germany for a five-day trip to strengthen the country’s economic ties to our region.

With more than 60 companies and 10,000-plus jobs in the region, Germany represents the area’s largest foreign direct investor by employment. Notable German companies in the Greater Portland region include Adidas, Daimler Trucks North America and Siemens.

During the visit to Germany, the regional delegation will meet with representatives from Adidas and Daimler to show support for the companies and their continued investment in our region.

In addition, the representatives from Greater Portland Inc and its partners will meet with German firms — particularly in the athletic and outdoor and high-tech sectors — that are considering investing in Greater Portland.

“Foreign direct investment from vibrant economies like Germany’s keeps our region growing,” said Janet LaBar, president and CEO of Greater Portland Inc. “We’re committed to continuing our strong relationships with our region’s German firms, and we’re excited to foster new partnerships with traded-sector companies.”

Increasing investments from foreign firms is crucial to the growth of our region’s economy because compared to their local counterparts, these investments are typically larger and add higher-paying jobs. They also have a multiplier effect, attracting other companies to the area.

The Germany trip is one of several international trips in the last year by Greater Portland Global, an initiative of Greater Portland Inc focused on growing foreign direct investment in our region.

In 2016, Greater Portland Global, in partnership with Brookings Institution and JPMorgan Chase, conducted an analysis of our region’s largest foreign direct investment markets, measured by countries’ current local presence and the opportunity for growth.

The analysis identified Canada, Germany, Japan and U.K. as priorities, and all four countries invest in U.S. industries that are aligned with the region’s cluster industries.

In the last year, Greater Portland’s business development team, as part of the Greater Portland Global initiative, has visited Vancouver and Calgary in Canada and Tokyo in Japan.

The delegation will be in Germany from June 11 to June 15, and visit Frankfurt and Munich.

In addition, Greater Portland Inc representatives will be attending the SelectUSA Investment Summit in Washington, D.C. from June 20-22. The event is the nation’s highest-profile event dedicated to promoting foreign direct investment in the U.S.

 

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