Phoenix selected to develop regional plan to attract foreign direct investment as part of the Global Cities Initiative
Phoenix metro has been selected to develop a regional plan to attract and leverage foreign direct investment, building off its existing Greater Phoenix Export Plan as part of the Global Cities Initiative, a joint-project of the Brookings Institution and JPMorgan Chase. Phoenix was selected for its readiness and commitment to strategically pursue foreign direct investment through such activities as greenfield expansions, mergers and acquisitions, and other types of foreign investment including EB-5, private equity, joint-ventures and sovereign wealth funds.
“Since the early part of the 2000s, the Greater Phoenix Economic Council has made international business development a strong part of our business attraction and market growth strategy,” said Chris Camacho, president and CEO of GPEC. “The eagerness of our leaders to develop a forward-thinking plan will continue to advance the region in the global economy.”