by Dave Moore, Staff Writer
The Dallas Regional Chamber hit the ground running in 2017, launching its new international economic development initiative in January. Investors and board members received a preview of the plan in 2016, and a few highlights are listed below.
Building on the recent successes in economic development in the Dallas Region, including 75 corporate headquarters moves to the region in the past five years, the Dallas Regional Chamber looks to tackle the next plain of opportunity: the international market. Currently, the Dallas Region is not well known overseas; those who are familiar with Dallas think of cowboys, oil and gas. The DRC’s plan is to change these perceptions and to raise the region’s profile as a business destination. This won’t be accomplished this by launching ad campaigns on the sides of London’s iconic double-decker buses; but rather by approaching corporate location decision-makers and their influencers through a campaign of regular communication and targeted marketing.
When the Dallas Region looks back in 2020 and the Chamber’s current strategic plan wraps up, the team will feel confident that each of its activities will have supported the development towards the following desired outcomes:
To those ends, the DRC staff spent 2016 building a plan to meet these objectives that recognizes the need to prioritize our resource-utilization and allows for a scalable and highly leveraged plan of work. The team conducted extensive research using a big-data approach to inform our planning process and country-selection. The data is overlaid with a qualitative analysis, and will allow the team to be opportunistic and to adapt to changing global circumstances. So, in short – the country list is not the plan; but rather a guide to help develop a plan of work over the course of the strategic plan period.
The Chamber evaluated key data variables that are strongly correlated to international greenfield investment decisions:
The Dallas Morning News staff writer Jill Cowan wrote extensively of the launch of the Chamber’s new international campaign, including a description of this data analysis and the 10 countries that resulted as the highest potential markets for attracting the U.S. or North American headquarters of international companies.
In 2017, the DRC is now allocating staff and resources to launch the international plan that will scale according to our Tomorrow Fund fundraising efforts. The international economic development staff will begin actively marketing to target companies and their influencers in 2017 and will focus on the following plan elements:
The DRC launched its global rankings report a bit early – at the end of 2016 with our Board and Tomorrow Fund investors. The report measures the Dallas Region against other global metro areas in our target countries and other competitor markets, using 10 indices, metrics and barometers that compare regions’ corporate friendliness, quality of life, excellence of workforce, etc. Dallas Innovates, a leading progressive news site focusing on North Texas business innovations and leadership, covered this report. The DRC will update the board on the progress annually – adding new rankings or changing those included on the list as necessary.
Join the Team!
The Chamber is launching an International Task Force in 2017 to support this program of work. DRC Executive Committee Member, Shin Takahashi, President and CEO of NEC Corporation of America, will chair this effort and report its progress to the Executive Committee of the Board of Directors . Members of the Chamber are invited to advise the DRC staff of interest in serving. Task Force members should have:
Upcoming International Events:
Japan-America Society of Dallas/Fort Worth hosts Japan Update Symposium – February 17th
The DRC is helping the Japan-America Society of Dallas/Fort Worth promote its fourth-annual Japan Update Symposium, which will examine the state of U.S./Japan relations. Included in the discussion will be the recent summit between Japanese Prime Minister Shinzo Abe and President Donald Trump. The symposium is set for Friday, Feb. 17, at the InterContinental Dallas, 15201 Dallas Pkwy, Addison, 75001.
U.S. Commercial Service and the North Texas District Export Council hosts Leveraging Resources to Expand your Exports – February 28th , 8:00 – 11:00 a.m.
Gain insights and knowledge about U.S. government resources to help you level the international playing field. In addition to representatives from the the Small Business Administration, Export-Import Bank and U.S. Commercial Service, a commercial representative from the U.S. Consulate in Sao Paulo will discuss entering the Brazilian market. Register with Bruna Pizzutti (firstname.lastname@example.org) or Sheryl Pickney-Maas (Sheryl.email@example.com). For more information, please click here.
The Japan-America Society of Dallas/Fort Worth will examine the state of the U.S.-Japan relationship at the fourth annual Japan Update Symposium on Friday, February 17 – one week after Prime Minister Shinzo Abe’s first official summit with President Donald Trump.
Abe will meet Trump in Washington, D.C., on Friday, February 10, and he will bring with him a plan for significant Japanese investment and job creation in the United States.
According to the Washington Post, Abe’s plan details $450 billion in proposed infrastructure investments in the U.S. These investments would create 700,000 jobs. The plan also calls for bilateral cooperation in high-tech industries, such as artificial intelligence, the Internet, and space. The prime minister’s office declined to confirm the details of the plan.
This overture from Abe comes amid rising concerns about the future of U.S.-Japan economic and security relations under the new U.S. administration. Trump has criticized Japan for its monetary policy and for not paying more for its own defense.
In addition to presenting his plan on Friday, Abe will also defend Japan’s trading practices to Trump. Addressing Japan’s parliament last week, he said, “I’d like to clearly explain that it’s not that one side is benefiting but that both sides are benefiting. It’s a win-win situation.”
Following on the heels of this meeting, the Japan Update Symposium will provide an in-depth look at recent developments in the two countries’ relationship and key issues on the horizon. The luncheon program will feature keynote speakers Joseph M. Young, Director for Japanese Affairs at the East Asian/Pacific Affairs Bureau, U.S. Department of State, and Dr. Haruo Iguchi, Professor of International Studies at Kwansei Gakuin University in Nishinomiya, Japan. The afternoon panel will focus on the importance of mobility in the globalized world and the potential impact in Texas of the nation’s first high-speed passenger train. Registration is open through Monday, February 13.
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
We welcome your questions and comments. To request more information about area businesses or to share an idea, contact us: