Page 386 - FY 2009 Proposed Budget

Invest in Our Economy

Goal 1: Enhance Economic Impact Through Development and
Redevelopment Efforts, Partnerships, and Investment Opportunities
Objective 2: Build a Strong and Diverse Business Community
Project Performance Measure(s) City Service Team (Department)
IOE Expansion of Foreign Direct Recruitment Related Events Economic Development and Capital
1.2.3 Investment Promotion Attended Investment (ED)
Summary:

Economic Development Staff continues to conduct research, International Date
gain industry intelligence, and forge relationships with Tradeshows/Conferences
international industry decision makers, as well as site NASCO Preparing for USMCA Day Apr. 2020
selectors in the targeted international markets. American Logistics Aid Network and May 2020
the NASCO Emergency Supply Chain
Within the past few years, Staff has expanded foreign direct Continuity Initiative Webinar
investment efforts by attending trainings, conferences and BREI Virtual Annual Conference June 2020
expos known to result in the generation of viable leads. Staff TBIC International COVID‐19 Webinar June 2020
will also work to establish partnerships with affiliate NASCO Trade Event June 2020
organizations and local brokers to assist in the promotion of IEDC Webinar Aug. 2020
Arlington as a prime location for global investment. BREI Annual Meeting Sept. 2020
IEDC Webinar Sept. 2020
Staff’s progress in the expansion of its international efforts
will be tracked and reported, and any resulting relocation or
recruitment projects will be identified.

Update:
The OED is still making necessary adjustments due to the
pandemic impacts to normal operations and activity in hopes

of continuing this effort. Staff has been able to maintain

strong partnerships and relationships with key international
organizations as everyone continues to pivot their firms to
serve and support a new normal. Staff looks to continue
working with international partners, such as the Transatlantic
Business Investment Council (TBIC), North American Strategy
for Competitiveness (NASCO), International Economic
Development Council (IEDC), Business Retention and
Expansion International (BREI) and other representatives to
capitalize on future FDI opportunities that might present
themselves. The OED has retained its membership with all of
the aforementioned organizations to allow for future
participation in relevant programs and events. Opportunities
will more than likely be offered via virtual platforms for the
time being, until the pandemic outlook starts to change.

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