Strategy
Extract of Action Items:* 1. Promote concepts like the “French Corner” 2. Offer Rochester Hills Economic Development website content in multiple languages 3. Join international chambers and visit And while issues like international trade agreements, tariffs and COVID-19 have limit- ed new foreign direct investment in our region, successful businesses must still main- tain a global strategy. Therefore, it is Rochester Hills’ strategy to continue to provide an environment that allows international businesses proximity to their supply chain and talented workforce. According to the U.S. Bureau of Statistics, foreign-owned companies typically pay U.S. workers 25% more than U.S. owned companies. In fact, looking at the list of Rochester Hills´ top employers – three of them are foreign-owned companies. Since 2015, 37% of our economic development success stories have involved an inter- national company, bringing $120 million in new investment and creating/retaining 1,025 jobs. The relationships we have established with our international companies have continued to bear fruit and when they are looking to expand, we want to make sure they do it in Rochester Hills. Boost International Business Development Market Rochester Hills’ attractiveness for international business investment Business is a global operation and the U.S. continues to be the world’s largest con- sumer market. In the past 5 years, foreign direct investment has grown 67% in the U.S. From 2013 to 2019, Oakland County realized more than $1.7 billion in foreign invest- ment, creating and retaining over 24,000 jobs. Rochester Hills is home to nearly 50 international companies from 13 different coun- tries, employing 3,576 people. International companies chose Rochester Hills for its quality real estate options, highly skilled workforce, pro-business environment and a safe, enjoyable quality of life. These companies bring diversity to the community, mul- ticultural awareness and strong career opportunities.
“Rochester Hills, MI is a great place to invest and grow a business. It provides a great environment with efficient infra- structures, convenient accessibility to all automotive key players, and a very busi- ness-friendly local administration.” Xavier Ovize, CEO AdduXi, Founder of French Corner
target group specific industry trade shows to attract more inter- national businesses
*see Action Plan in appendix for details
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