Kentucky finding success with foreign firms that like the strong bonds they forge in rural communities
By Mark GreenKentucky officials last year shifted their economic development focus to foreign direct investment (FDI), especially from automotive manufacturing. They’re getting some traction, too, despite limited resources and strong competition by focusing on companies they believe fit the commonwealth’s conservative, small town business culture.
Recently, that has often meant family-owned German auto sector suppliers whose roots are in Bavaria. The Japanese continue investing here, too. A wave of foreign manufacturers seeking dependable markets and growth is washing ashore in the United States, whose economy remains the most stable in the world. More here.