by Dave Moore, Staff Writer
More than 125 business leaders, policy experts and politicians from the Dallas Region and Japan gathered July 7 to celebrate and reinforce their mutual affinity toward building connections and expanding trade.
Leaders from Toyota, OkiData, the Bank of Tokyo Mitsubishi, and more than a dozen other Japanese companies and trade organizations met as part of the Dallas Regional Chamber’s Japan Summit, to recognize current business collaborations between North Texas and Japan, and to foster more deals going forward.
The summit came a day after the grand opening of the billion-dollar Toyota Motor North America facility in Plano, which brought more than 4,000 jobs and the promise of a total of $10 billion invested into the community, over the next five years.
Toyota CFO Osamu Nagata spoke at the summit about the lengthy history his company has in Texas and in other states around the country; Nagata said Japanese automakers have spent $45 billion in their operations across the U.S., creating 1.5 million jobs. More important, Nagata said, is that Toyota also works to be a good corporate citizen.
Nagata’s discussion included a video that showed how his firm used its non-profit arm – the Toyota Production Support Center (TSSC) – to incorporate Toyota’s production efficiencies into the workings of the North Texas Food Bank. Under the TSSC’s guidance, the Southern Dallas food pantry serves 60 percent more clients than before, according to the Dallas Morning News.
Hastings said Bell’s first international helicopter sale was to Japan, and the relationship has been growing steadily.
“Larry Bell himself went to Japan to deliver that,” Hastings said. “For 55 years, we’ve had a longtime partner with Fuji Heavy Industries, which has been rebranded as Subaru. Our partnership to Japan goes way back. And if there’s a learned, we’ve learned about doing business in Japan – it’s about relationships. Probably more than anywhere else in the world, we have found you do business with people who you trust, value and love. And who trust, value and love you in return. That’s the key to success there.”
Other speakers included Texas Central Managing Director of External Affairs Holly Reed, who spoke of the Japanese technology that will serve as the core for the high-speed rail line slated to connect Dallas to Houston as early as 2023, and former U.S. Ambassador to Japan J. Thomas Schieffer, who underscored the economic importance of growing trade relations between Texas and Japan.
“Much of the reason for being here today, to celebrate Toyota’s opening of its North American headquarters, comes from the fact that Texas has become the de facto capital of NAFTA, the North American Free Trade Agreement,” Schieffer said. (For a full transcript of the ambassador’s remarks, click here.)
Last November, a trade delegation from Dallas Region traveled to Japan to fortify existing and grow new relationships. A return trip is expected in 2018.
Other Japanese companies and organizations with operations in the Dallas Region represented at the summit included Daiwa House Texas, Central Japan Railway subsidiary HTeC, Japan Airways, Kubota Credit Corporation, Mizuho, NEC Corporation of America, and ORIX USA. U.S. companies represented included Jones Day, JLL, KPMG, Bank of America Merrill Lynch and Bank of Texas.
The Japan Summit was sponsored by PwC; event partners included Keizai Koho Center, Japan America Society of Dallas-Fort Worth, Honorary Consulate-General of Japan in Dallas, and the Consulate-General of Japan in Houston.
The Dallas Region’s trade delegation returned from Canada on June 17, after having spent six days meeting with business and political leaders in Toronto and Montreal. The group, which included Dallas Mayor Mike Rawlings and Fort Worth Mayor Betsy Price, focused on trade, tourism and the use of smart city tech to improve the quality of life for fast-growing metro areas such as the Dallas Region, Toronto and Montreal. The trip has yielded a variety of leads, which will be developed in coming weeks and months. For a summary of media coverage of the trip, click here.
The Dallas Regional Chamber is now firming up plans for its next international business mission, this time to China and South Korea. To learn more, contact Melissa Maguire.
The Dallas Regional Chamber’s International Task Force met for the first time on July 29. Chaired by Shin Takahashi, President and CEO of NEC Corporation of America, the group will guide the DRC’s international strategy, assist in developing relationships intended to recruit new corporate facilities to the Dallas Region, develop plans to raise this region’s profile in key markets overseas, and improve our rankings in reputable global city reports relevant to corporate location decision-making. Members of the Chamber should contact Melissa Maguire to learn more.
Upcoming International Events
September 9-13, 2017
Greater Dallas Asian American Chamber of Commerce is partnering with the Hong Kong Trade Development Council to organize a trade mission to Hong Kong September 9-13, 2017. To learn more, click here.
A delegation of 30 business and political leaders from the Dallas Region is slated to depart for Canada in June, to share the region’s success story, while discussing the challenges of managing rapid population growth.
As they did in their recent outreach trip to Asia in November, Dallas Mayor Mike Rawlings and Fort Worth Mayor Betsy Price will lead the mission, which will include meetings with Canadian business and political leaders, facility tours, networking events, and panel discussions.
Topics broached during the June 11-17 trip to Montreal and Toronto will most likely center on urban innovation, smart cities initiatives, and efforts aimed at making transportation more sustainable, efficient, and enjoyable in growing communities.
“We are excited to tell the story of Dallas as a great market for business, innovation, and international economic development,” said Dallas Regional Chamber President and CEO Dale Petroskey, who will be part of the delegation. “Like the Dallas Region, Toronto and Montreal have seen tremendous growth in recent years. We look forward to sharing what we’re doing to strategically manage our growth, and discussing ways to strengthen business ties and create new opportunities between the Dallas Region and Canada.”
Between 2010 and 2015, the Dallas Region has seen a population increase of more than 650,000 people. Between 2011 and 2016, the population of metropolitan Toronto increased by nearly 345,000.
The delegation’s trip will also include several private meetings with Canadian business leaders, to build and expand trade ties between the Dallas Region, Toronto, and Montreal, as well as panel discussions.
Aside from the region’s work in smart cities technology, urban planning, and transportation, the mission will promote Dallas-Fort Worth International Airport’s expanding air service, the potential benefits of establishing corporate operations in North Texas, and the Dallas Region as a tourist destination.
Highlights of the delegation’s public meetings will include:
Prior to the June 16 panel, representatives from the City of Montreal will host the Dallas Region’s delegation on a tour of Montreal’s smart cities district. Montreal, with its focus on the electrification of public service vehicles such as buses and police cars, is a leader in such urban innovation initiatives.
In addition to Petroskey, Rawlings, and Price, others slated to join the delegation include: Jones Day Partner-in-Charge Hilda Galvan; Uber General Manager Leandre Johns; Texas Central Partners CEO Tim Keith; Bell Nunnally & Martin Partner Sonja McGill; Axxess Founder and CEO John Olajide; Dallas Innovation Alliance Executive Director Jennifer Sanders; NEC Corporation of North America CEO Shinsuke Takahashi; DRC Senior Vice President of Economic Development Mike Rosa; and DRC Manager for International Economic Development Melissa Maguire.
The upcoming trade mission to Canada supports the Dallas Regional Chamber’s strategic plan for economic development by informing potential international partners of the benefits of doing business in the Dallas Region.
To learn more about the DRC’s international business initiatives, click here.
by Dave Moore, Staff Writer
The April 7 opening of Kubota Tractor Corporation and Kubota Credit Corporation’s North American headquarters in Grapevine marks more than a new corporate relocation to North Texas; it underscores the importance of ongoing efforts by the Dallas Regional Chamber and its partners in recruiting international corporations to North Texas.
“Today is an important day for Kubota as this new building is both a testament to our commitment to the future growth of our business in the U.S., and our pledge of being a socially responsible corporate citizen and active business partner with the great state of Texas and the City of Grapevine,” Masato Yoshikawa, President and CEO of Kubota Tractor Corporation, said at the ceremony. “As a new employer to the area, our hope is to continue to attract talent from the local community with this open environment, state-of-the art workplace and continue our long-term growth strategy to strengthen the Kubota brand in the U.S.”
Also on hand at the event were Texas Gov. Greg Abbott, Grapevine Mayor William D. Tate, and staff members from the City of Grapevine, the Dallas Regional Chamber, and the governor’s Office of Economic Development and Tourism, who worked together in assembling a relocation pitch for Kubota.
The DRC’s Economic Development experts and its partners worked with Kubota for several months during the site selection process. The team clearly laid out the benefits of doing business in North Texas – including a lower cost of living, a strong workforce and great schools – to Kubota’s leaders, making their decision to move from Torrance, California, to Grapevine, easier.
“It’s so rewarding to see these projects all the way through, from conception to execution,” said Sarah Carabias-Rush, head of the Chamber’s International Team, who also attended the April 7 opening. “It really brings to life the value of our international focus.”
Dallas Regional Chamber members CBRE, Corrigan Investments, Hill & Wilkinson General Contractors, and the Furniture Marketing Group were directly involved in the project as well.
The work that successfully attracted Kubota to North Texas falls within the DRC’s Strategic Plan to raise the region’s profile as a premier destination for international headquarters.
Upcoming International Events:
Seminar: Lone Star Strategies for IP in China
May 2, 8:00 AM – 3:00 PM
This workshop covers the basics of what Texas company leaders need to know about intellectual property law in China.
The workshop – hosted by the Dallas Bar Association’s Intellectual Property Section, and the U.S. Commercial Service in collaboration with the Texas Regional U.S. Patent and Trademark Office – will be held at Belo Mansion, 2101 Ross Ave., Dallas, 75201.
Topics that will be covered include principal Chinese laws affecting patents, trademarks, copyrights and trade secrets; enforcing intellectual property rights in China; perspectives from Texas companies navigating intellectual property matters in China; and laws relating to the importation of goods.
The event is free; a buffet lunch will be available at the event, at a cost of $14.95. Parking will be available at the mansion for $4 per vehicle. Lawyers attending can earn 5.25 hours of continuing legal education (CLE) credits for an additional cost.
To register at the event, click here. Registration deadline is April 28.
by Dave Moore, Staff Writer
The Dallas Regional Chamber is seeking thought leaders in transportation, innovative urban planners, and people engaged in weaving smart city tech into daily lives, for an upcoming trade mission to Canada.
Aside from the region’s expertise in smart technology, urban planning, and transportation, the June 11-17 mission to Toronto and Montreal will promote Dallas Fort Worth International Airport’s expanding air service, the benefits of establishing national corporate operations in North Texas, and the Dallas Region as a tourism destination.
“Our trip will be led by Dallas Mayor Mike Rawlings and Fort Worth Mayor Betsy Price, and will allow us to share our story of the Dallas Region’s excellent business climate with executives of Canadian corporations and organizations,” said Sarah Carabias-Rush, head of the Chamber’s International Team.
The outreach to Canada follows on the heels of the Chamber’s November trade mission to Tokyo and Hong Kong, which involved more than 30 meetings with executives representing some of Asia’s largest corporations and trade groups. It also reinforces one of the Dallas Regional Chamber’s core priorities of recruiting new businesses to the area, while helping existing businesses continue to thrive and grow. More than 200 corporations from 40 countries have chosen Dallas-Fort Worth as their U.S. headquarters, or have substantial operations in the region. For more detailed information on international businesses operating in the region, click here to review the Chamber’s 2017 Economic Development Guide.
“On the international stage, not many people are aware that the Dallas Region is home to Toyota North America, which, aside from building cars and trucks, is engaged in building software and harnessing Big Data that will make driving safer and more efficient,” said Carabias-Rush. “Downtown Dallas’ Historic West End – where Dallas was born – is one of several U.S. test beds for integrating sensors and internet connectivity into public spaces. The Dallas Region is also home to some of the most advanced urban planners and transportation solutions firms in the world. These are just a few of the stories we want to share.”
The mission will also allow members of the delegation to learn about challenges and opportunities facing companies in Canada.
Mission eligibility restrictions
This mission is open, in priority order, to investors in the Building Tomorrow Together Fund, DRC members participating on the Board of Directors, members with strong professional connections to and a demonstrated interest in Canada as a business interest, and those with ties to the mission’s industries of focus (mobility, smart cities urban technology, and transportation). The DRC reserves the right to deny participation to those who do not meet these criteria, in order to allow for the participation of those who do.
To learn more, click here. Those interested in taking part need to confirm their interest no later than April 14.
Upcoming International Events:
Trade Opportunities with Hong Kong
Join the Greater Dallas Asian American Chamber of Commerce and the Hong Kong Economic and Trade Office for a luncheon seminar on trade opportunities with Hong Kong under the new Belt and Road Initiative.
If you are considering expanding your business overseas, Hong Kong offers a great entry point to Asia. Consider learning more at this event on Friday, March 17th 11:30 AM – 2:00 PM at the Marriott Quorum Dallas Parkway. To register and for additional details, click here.
Economic Update: The Japanese Economy and Economic Reform
In a free webinar, the Japan External Trade Organization (JETRO) Chicago Chief Executive Director Ichiro Soné will update attendees on the state of the Japanese economy, and the status of Prime Minister Shinzo Abe’s economic reform agenda, also referred to as “Abenomics.”
Soné’s presentation will examine recent economic data and touch on the anticipated impact of the 2020 Summer Olympics and Paralympics in Tokyo.
Soné will also describe the progress of structural reforms regarding corporate taxes; regulations governing regenerative medicine and health care; deregulation of Japan’s electricity and natural gas markets; and immigration reforms designed to attract more skilled foreign workers to Japan.
The webinar is set for Thursday, March 23 from 3:00 – 4:00 PM. To register, click here.
Japan America Society – Sun & Star Legacy Award Dinner
The Dallas Fort Worth–Japan partnership is dynamic and experiencing fantastic growth. The Japan America Society of Dallas Fort Worth celebrates individuals and organizations fostering ties between our regions at its annual awards dinner. Key leaders in the community attend and are recognized.
In 2017, awards will be extended to ORIX Group Senior Chairman, Yoshihiko Miyauchi and Dallas-Sendai Committee Chair, Mike Berry. Honorary dinner hosts are Ambassador and Mrs. J. Thomas Schieffer.
The dinner will take place on Tuesday, April 4 from 6:00 – 9:00 PM at the Westin Galleria Dallas. To register and learn more, click here.
U.S. Japan Council – Tomodachi-Mitsui & Co. Leadership Program
Applications due April 13
The U.S. Japan Council is currently recruiting 10 American and 10 Japanese young professionals from the public and private sectors to participate in the 2017 TOMODACHI-Mitsui & Co. Leadership Program. Designed to contribute to building a “TOMODACHI generation” of creative thinkers and driven doers who are invested in the future of U.S.-Japan relations.
To review the program requirements and learn more about it, click here. Applications are due Thursday, April 13.
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 (email@example.com) or Sheryl Pickney-Maas (Sheryl.firstname.lastname@example.org). For more information, please click here.
We welcome your questions and comments. To request more information about area businesses or to share an idea, contact us: