Research Triangle Region's Nance Named to National Economic Development Coalition
Will help states, regions grow their global investment IQ, attract more foreign investment
WASHINGTON, D.C. (March 25, 2015) – Lee Anne Nance, executive vice president for the Research Triangle Regional Partnership, has been named as a leader of the FDI Frontlines Coalition, a national organization focused on arming state, regional and local economic development organizations (EDOs) with the resources they need to attract more foreign direct investment (FDI).
“Global investment plays a critical role in North Carolina’s economy, and Lee Anne’s efforts through the Research Triangle Regional Partnership have made the Tar Heel State a leader in attracting foreign investment,” said Nancy McLernon, president and CEO of the Organization for International Investment (OFII), a non-profit business association representing 170 of the world’s largest employers that is supporting the coalition. “EDOs engage with global investors to create opportunities for their communities, fighting every day to improve the business climate in America. At its essence, the FDI Frontlines Coalition is about helping EDOs attract more global investment, and we’re honored to have Lee Anne help lead this initiative."
With the support of OFII and its insourcing member companies, the FDI Frontlines Coalition will offer EDOs an opportunity to enhance their global investment IQ by providing research and business insight while also amplifying their voice on ways America can attract more foreign direct investment.
“FDI is a critical component in creating jobs and investment. It encourages the integration of new technologies, enhances workforce and talent quality, and generates economic growth. The Research Triangle Region is a global economy, and I am pleased to be a part of coalition focused on attracting additional foreign investment,” said Nance.
The FDI Frontlines Coalition was officially launched at the SelectUSA Investment Summit in Washington, DC on Monday, which brought President Obama, seven cabinet secretaries and three governors together with thousands of EDOs and foreign employers to focus on increasing foreign direct investment in America. Already, more than 175 EDOs have joined the national coalition.
North Carolina ranks 9th in the nation in the total number of jobs and 12th in per capita jobs supported by foreign companies. Nationally, these insourcing companies employ 5.8 million Americans, support an annual payroll of $456 billion, paying U.S. workers an average of $78,927 - more than 33 percent higher than the economy-wide average. Insourcing companies also produce more than 21 percent of U.S. exports, providing $334 billion in American goods annually to customers around the world.
Learn more about the critical role insourcing companies play in America’s economy here.
About the FDI Frontlines Coalition
FDI Frontlines is the only coalition exclusively focused on arming state, regional and local EDOs with the business insights they need to compete in the global economy. At its essence, the FDI Frontlines Coalition is about sharing the perspectives of foreign employers - insourcing companies - that are actively investing in the United States with EDOs who work every day to create opportunities for U.S. communities. Supported by the Organization for International Investment (OFII) and its insourcing member companies, the FDI Frontlines Coalition offers EDOs the opportunity to enhance their global investment IQ by providing research and business insight, while amplifying their voice on ways America can attract more foreign direct investment. Learn more at www.fdifrontlines.org.