By Dave Moore, Data Journalist and Staff Writer
A delegation of Dallas-Fort Worth business, tourism and airport officials met with hundreds of industry executives and government officials during their mission trip to Tokyo and Hong Kong from Nov. 7-11, developing new business opportunities, while further cementing relationships in trade and tourism.
Highlights of the trip included an executive meeting with Keidanren, the Japanese business federation that represents the country’s largest businesses, and a visit with Gov. Hideaki Ohmura of Aichi Prefecture, which is home to several large corporations, including Toyota and the Central Japan Railway Company.
Dallas Mayor Michael Rawlings and Fort Worth Mayor Betsy Price spearheaded the Dallas-Fort Worth delegation, which was organized by the Dallas Fort Worth International Airport. The business pillar of the mission was led by the Dallas Regional Chamber’s International Economic Development team.
“Our trip reinforced to us the value of face-to-face meetings in building lasting business ties,” said Sarah Carabias-Rush, head of the International Team. “Dallas-Fort Worth has a lot to offer as a business partner, and our presence in Tokyo and Hong Kong demonstrated our sincere desire to work with companies interested in investing in the U.S.”
The 26-person Dallas-Fort Worth delegation attended more than 30 meetings, some of which were covered by Japanese public television’s NHK News, the Chunichi Shimbun (one of Japan’s largest regional newspapers with a daily circulation of 2.5 million), and the Nikkei Shimbun, a daily business newspaper with a circulation of more than 3 million.
The trip was also important in furthering relationships with Japanese companies that have already established operations in the Dallas Region. Such companies include ORIX, a financial services group headquartered in Minato-ku, Tokyo, which relocated its U.S. headquarters from New York to Dallas in 2003, and Toyota, which moved its national headquarters from the Los Angeles area to Plano in 2014.
While on the trip, the delegation helped finalize plans for a Dallas satellite office of the Japan External Trade Organization (JETRO) to further promote trade between Japan and the Lone Star State. The delegation’s visit with Japan Central Railway provided updates on high-speed rail technology. Japan Central is providing technical assistance to Texas Central, private developers of the high-speed train planned between North Texas and Houston.
“Many other Japanese companies are interested in expanding their business operations in the U.S. and – once they hear our story – are very receptive to the Dallas Region,” said Dallas Regional Chamber President and CEO Dale Petroskey. “The Dallas Region has all the assets needed to be a world-renowned metro area, but we need to spend the time to tell our story and carry our brand. When we do that, we see results.”
The number of Japanese companies with operations or headquarters in North Texas has increased by more than 50 percent – climbing from 112 to 170 — between 2012 and 2016. Also, Japan Airlines resumed daily nonstop service last year between Tokyo Narita and Dallas Fort Worth International Airport, restarting a route that had been discontinued in 2001. The new route adds to American Airlines’ twice daily nonstop flights.
Japan ranks 7th for international visitors to Dallas and Fort Worth, half coming here for business. Japanese visitors stay in the Dallas Region an average of six nights and spend almost four times what domestic visitors spend.
In Hong Kong, the delegation met with the Trade Development Council on business opportunities, the Hong Kong General Chamber of Commerce and its members, and the Secretary for Commerce and Economic Development of Hong Kong, Gregory So.
This is the sixth year the Dallas Fort Worth International Airport and its partners, including the Dallas Regional Chamber, have engaged in international trade missions.
Sponsors for the mission included American Airlines, Axxess, Civitas, Ebby Halliday Realtors, Estrada-Hinojosa Company, PWC, and Texas Central Partners. Mission partners were the Dallas Regional Chamber, the Fort Worth Chamber of Commerce, the Dallas Convention and Visitors Bureau, and the Fort Worth Convention and Visitors Bureau.
Dallas Mayor Mike Rawlings and Fort Worth Mayor Betsy Price announced today they would be leading a trade mission Nov. 7-11 to Tokyo and Hong Kong to promote tourism, business opportunities and diplomatic ties with the Dallas Fort Worth region.
The multilayered trip underscores the role that international flights at Dallas Fort Worth International Airport play in the growing economic connection between North Texas and key Asian economies.
The mission is especially timely for partnerships with Japan, as marquee Japanese firms increasingly have established regional headquarters or operations in North Texas, highlighted by Toyota moving its U.S. headquarters to Plano from Southern California and OKI Data Americas’ recent opening of a regional sales office in Irving.
The number of Japanese companies with headquarters or other corporate functions in North Texas has jumped to more than 160 – with 20 additions since last summer ¬– compared to 112 in 2012. Also, Japan Airlines resumed daily nonstop service last year between Tokyo Narita and DFW Airport, restarting a route that had been discontinued in 2001. The new route adds to American Airlines’ twice daily nonstop flights.
Japan ranks 7th for international visitors to Dallas and Fort Worth, half coming here for business. Japanese visitors stay in DFW an average of six nights and spend almost four times what domestic visitors spend.
Mission delegates plan to meet with business executives and government officials in both Tokyo and Hong Kong to showcase the benefits of operating in North Texas and to further establish relations between the two regions, focused on economic and development efforts, tourism opportunities and investments.
“Asian companies have been a big driver for the Dallas-Fort Worth economy. More and more are recognizing the benefits of operating here, including our deep talent pool,” Rawlings said. “We’re looking forward to continuing that positive momentum on this trip through the relationships that we will cultivate in Tokyo and Hong Kong.”
Mayor Price said: “It’s no secret that the Fort Worth–Dallas region has become a ripe area of growth for trade and tourism with Asian companies, welcoming passengers daily on direct flights from DFW Airport.”
“We greatly anticipate the deepening of existing relationships and the opportunity to forge new ties with our partners in Asia on this upcoming DFW trip to Tokyo and Hong Kong,” she said.
Sean Donohue, CEO for DFW Airport, said: “International travel sparks business and elevates Dallas-Fort Worth as a global hub, not only for aviation but also for commerce, as we’ve seen in DFW Airport’s 43 years of operation.”
“Recent additions by Japan Airlines to Tokyo-Narita and American Airlines’ service to Hong Kong both highlight the importance of connecting our community to Asia. We are proud to be a key partner in this regional initiative to expand existing relationships and build new ones through air service at DFW Airport,” he said.
The mission delegation is comprised of the mayors, who serve on the DFW Airport Board of Directors, DFW Board Chairman Sam Coats and senior airport executives, along with representatives of the Dallas Regional Chamber, the Fort Worth Chamber, the Dallas Convention & Visitors Bureau, the Fort Worth Convention & Visitors Bureau and others, including American Airlines; Axxess Technology Solutions; Civitas Capital Group; Ebby Halliday, Realtors; Estrada Hinojosa & Company, Inc.; Texas Central Partners; and PwC.
In Tokyo, the delegation will have sessions with multiple aviation leaders, the Japan Chamber of Commerce and Industry, the Tokyo Chamber of Commerce and Industry and the Japanese Business Federation, KEIDANREN. This will include members doing business in North America or who are interested in expanding their business.
Other meetings are planned with:
In Hong Kong, the delegation will meet with the Trade Development Council on business opportunities, the Hong Kong General Chamber of Commerce and its members, and the secretary for Commerce and Economic Development of Hong Kong.
Governor Greg Abbott today announced that Jacobs Engineering Group will be relocating its global headquarters from Pasadena, California, to Dallas, Texas. Jacobs Engineering Group is a Fortune 500 company that provides maintenance, fabrication, construction, and maintenance management technology to primary process industries. The headquarters relocation will bring more than 100 new jobs and $4 million in capital investment to the State of Texas. A Texas Enterprise Fund (TEF) grant of $1.3 million has been extended to Jacobs Engineering Group.
“Texas is already home to more than 50 Fortune 500 companies, and I am proud to announce today it will be home to one more,” said Governor Abbott. “Because of our robust economic environment, more businesses are choosing to call Texas home. I would like to welcome Jacobs Engineering Group as the latest business to relocate its headquarters from California to the Lone Star State.”
“Jacobs has had a long and successful history in Pasadena and will continue to employ more than 1,500 people in Southern California,” said Jacobs Chairman and CEO Steven Demetriou. “Although our headquarters is relocating, we will maintain a strong workforce and office footprint across the state of California where we see ongoing expansion opportunities. As we continue to focus on transforming our business in terms of efficiency and high-growth in the engineering and construction industry, our new headquarter location ensures access to top talent and positions Jacobs for convenient access to our clients. In Dallas, we will also benefit from a business friendly economic and cultural environment.”
“This is a remarkable day for the City of Dallas, as we are thrilled to land a headquarters of this stature,” said Dallas Mayor Mike Rawlings. “I have no doubt that this relocation will help attract a number of smart, young individuals to live and work in our city. On behalf of our City Council, we welcome Jacobs to Dallas.”
“The Dallas Regional Chamber congratulates Jacobs Engineering Group, Mayor Rawlings and the City of Dallas economic development team, and Governor Abbott and the State of Texas team on a great win attracting another Fortune 500 corporate headquarters,” said Dale Petroskey, President and CEO of the Dallas Regional Chamber. “The Dallas Regional Chamber began work on the move in January 2016, hosted a visit by Jacobs’ project team to Dallas in February, and provided ongoing, strategic support. Jacobs’ decision is a testament to the qualities of Dallas and this region as a location for major global companies –and to our region’s ability to work collaboratively to recruit great companies and jobs.”
Jacobs is one of the world’s largest and most diverse providers of full-spectrum technical, professional and construction services for industrial, commercial and government organizations globally. The company employs 60,000 people and operates in more than 30 countries around the world. For more information, visit www.jacobs.com
Governor Greg Abbott today announced that OKI Data Americas will establish a new office in Irving, Texas to support the company’s North American operations. OKI Data Americas is a subsidiary of the Japan-based OKI Data Corporation and markets a broad portfolio of solutions designed to meet a wide array of printing needs, including office, production and specialty graphics. The new office in Irving, which includes the Technology Solutions Center, will allow OKI Data Americas to expand its presence in order to better service their customers and channel partners throughout the U.S. The opening of the new office will create more than 100 jobs, including executive, marketing, sales and administrative positions, in addition to $3,580,000 in capital investment. A Texas Enterprise Fund (TEF) award of $895,000 has been extended to OKI Data Americas.
“I am proud to welcome OKI Data Americas to the State of Texas as they expand their operations in North America,” said Governor Abbott. “Our state’s business-friendly economic climate continues to offer new opportunities for the technology sector to grow and create new jobs for hardworking Texans. I look forward to having OKI Data join both the Irving community and the dynamic group of technology industry leaders who have chosen to establish a presence in the Lone Star State.”
“The Dallas Regional Chamber is thrilled to be a partner in this collaborative effort to bring OKI Data to Irving,” said Dale Petroskey, President and CEO of the Dallas Regional Chamber. “The DRC began working on this project in August of 2015, hosted two site visits for OKI Data’s project team, accompanied corporate executives to Austin for incentive meetings, and provided strategic support throughout the process. We want to congratulate the City of Irving, the Irving-Las Colinas Chamber of Commerce, and Governor Abbott’s office on a significant win that further establishes the Dallas Region as a growing and dynamic hub for corporations.”
“As one of the nation’s leading international business centers, Irving welcomes OKI Data Americas to our beautiful, vibrant and high tech city,” said Irving Mayor Beth Van Duyne. “We believe employees and executives will find the decision to establish a new office in Irving to be quite advantageous. Together, we will build the environment for OKI Data to create new jobs, further diversify the region and help drive technology to even greater heights.”
“We are proud to welcome home OKI Data’s new office to Irving, Texas,” said Beth A. Bowman, President & CEO of the Greater Irving-Las Colinas Chamber of Commerce and the Irving Economic Development Partnership. “Securing this international and innovative company was truly a team effort, working weekly side-by-side with the City of Irving and our state and regional partners over the past year. Irving is a place where business has a local address with global access.”
OKI Data Americas, headquartered in Mount Laurel, NJ, and a subsidiary of OKI Data Corporation of Japan, markets printers and solutions under the OKI® brand, including digital color and monochrome printers and multifunction products, serial impact dot matrix printers, thermal label and POS printers, as well as a full line of options, accessories, and consumables. OKI Data Americas serves the graphic arts, production, and specialty printing markets with the OKI proColor™ Series digital production printers, as well as its expanding line of ColorPainter™ and Teriostar wide-format professional printing devices. In addition, its Multimedia Production Platform category of production-quality A3 color devices meets a wide range of graphic arts and commercial printing needs. Utilizing Genuine OKI toner ensures consistent, reliable, and high-quality output that maximizes performance. OKI Data offers a broad portfolio of products built to optimize managed print engagements. OKI Data Americas takes a consultative approach to supporting every customer’s needs and delivering individualized print solutions that optimize business performance. The company’s innovative technology is backed by Tokyo-based parent company OKI Electric Industry, a leader in telecom, infrastructure, and mechatronics systems, as well as an approximately $4.3 billion multinational corporation according to its FY 2015 financial reporting.
By Dave Moore, Data Journalist and Staff Writer
The Brookings Institution has identified the Dallas Region as one of the world’s 19 “Knowledge Capitals,” citing its skilled workforce and efficiency in bringing innovations to market.
“Knowledge Capitals are 19 mid-sized, highly productive innovation centers in the United States (e.g. Boston, Dallas, San Jose, Seattle, etc.) and Europe (e.g., Amsterdam and Zurich) with talented workforces and elite research universities,” Brookings stated in its report “Redefining Global Cities: The Seven Types of Global Metro Economies,” produced and published by Brookings and JPMorgan Chase on Sept. 29. “These regions are at the world’s innovation frontier, and thus challenged constantly to generate new knowledge and ideas to sustain growth.”
The Dallas Region and 18 other metro areas rose to the top in that category, when compared to the world’s 123 largest metro economies.
One key aspect of serving as a knowledge capital, according to the Washington, D.C.-based non-profit think tank, is a region’s ability to commercialize knowledge. Accordingly, leaders in these regions realize that if they are to continue to lead, they must emphasize Science, Technology, Engineering and Mathematics (STEM) programs in schools. The report cites Harvard economist Richard B. Freeman’s research that ties education and knowledge to prosperity.
“Maintaining and expanding their technological advantages are these metro areas’ top priorities,” the report said. “Most prominently, that will demand strategies that ensure the competitiveness of key advanced industries: building the pipeline of STEM talent from middle-skill professionals to Ph.D. scientists, and better coordinating the education and training system with employer needs; engaging universities and research institutions in technology commercialization, especially in small and mid-sized firms; and aligning state and federal resources and institutions, including federal labs, with local industries.”
The 19 cities listed as global “Knowledge Capitals” are: Atlanta; Austin; Baltimore; Boston; Chicago; Dallas; Denver; Hartford, Connecticut; Houston; Minneapolis; Philadelphia; Portland, Oregon; San Diego; San Francisco; San Jose, California; Seattle; Stockholm; Washington, D.C.; and Zurich.
Objective measures that identified a region as a “Knowledge Capital” in the report include patents per capita, venture capital investments per capita, foreign direct investments per capita and total aviation passengers.
The report analyzed more than 100 metro areas for their economic attributes and grouped them by their major attributes, including Global Giants (London, Los Angeles, New York, Osaka-Kobe, etc.), Emerging Gateways (Delhi, India; Nanjing, China; Sao Paulo, Brazil, etc.) and American Middleweights (Charlotte, North Carolina; Cleveland; and San Antonio).
The report was created through the Brookings Institution’s Metropolitan Policy Program as a part of the Global Cities Initiative, a joint project of Brookings and JPMorgan Chase.
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