Officials from Lehigh Valley Economic Development Corp. hosted a group of international business development representatives Wednesday for a daylong tour of several properties that highlight the area’s opportunities for business growth.
LVEDC collaborated with the Pennsylvania Department of Community & Economic Development to host the tour for 13 international representatives from 11 different nations.
The program began with a presentation at Two City Center in downtown Allentown, followed by tours of downtown Allentown properties, and a presentation at Lehigh Valley Industrial Park offices in Bethlehem and a tour of LVIP VII.
The Bethlehem business park that has seen significant development in manufacturing and warehouse/distribution growth.
“Foreign direct investment is a vital part of Pennsylvania’s economy,” said Joe Burke, deputy secretary for Pennsylvania DCED’s Office of International Business Development, in a statement. “We’re home to more than 6,500 foreign-owned businesses that employ over 335,500 workers. To keep our position as one of the top U.S. states for cross-border investments, it’s important that we continue to educate our team on the latest developments in workforce, economic trends, and business activity.”
Burke said that is why the state bought its authorized investment representatives to Pennsylvania for the Bringing the World to PA tour.
“By the end of their two weeks here, they will have refreshed their knowledge and return to their home markets ready to continue to promote Pennsylvania as a great business location.”
A network of business investment representatives are stationed all around the world, speaking regularly with international countries such as France, Germany, China, India and Japan, encouraging them to establish U.S. operations in Pennsylvania, said Colin McEvoy, director of communications for LVEDC in a blog post.
Those advocates learned about the regional economy and economic assets here, gathering information so they can advocate on behalf of the region to international companies when they return to their offices overseas, he said.
The visiting representatives represent the countries Australia, China, France, Germany, India, Italy, Japan, the Netherlands, Poland, South Korea, and the United Kingdom.
LVEDC’s goal is to inform these representatives about the Lehigh Valley and the opportunities available for international prospects.
The representatives are part of DCED’s Office of International Business Development, whose network of overseas offices include contractors available to identify prospects and opportunities for the state and support international companies that choose to invest here, according to LVEDC.
This marks the third Lehigh Valley tour LVEDC has hosted for them since 2015.