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 (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.
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