Missouri Governor Mike Parson made history recently by signing the state’s first Open Investment Policy statement, declaring that Missouri’s economy is stronger because of its successful attraction of foreign direct investment, and reaffirming the state’s commitment to ensuring equitable treatment for international companies that set up operations in the state.
Governor Parson issued the proclamation during a visit to LMV Automotive Systems in Liberty, Missouri. LMV is a manufacturing division of Magna International, a mobility technology company and North America’s largest automotive supplier.
“Every day, we are looking to find good solutions and working to both strengthen and prepare our state’s workforce to meet the demands of tomorrow. Magna is a great example, employing more than 900 Missourians, proving that foreign direct investments can be a great success right here in Missouri,” said Governor Mike Parson. “Missouri is home to over 650 global companies, which supply over 49,000 good paying jobs in our manufacturing sector. By signing this open investment policy, we are reaffirming our commitment to both existing and potential businesses and expanding access to jobs.”
Missouri is the location of choice for many foreign-owned companies looking to enter the US market or expand to a location that allows them to reach all of North America effectively and efficiently. Some of the recent international companies to expand in Missouri include Faurecia, Hexa Ingenieros, Centro de Tecnologia Canavieira, BH North America, CertainTeed, Lacgene Technologies, Hartmann US and AgIdea.
“International companies are helping accelerate Missouri’s economy and hiring Show Me State workers,” said Nancy McLernon, President and CEO of the Organization for International Investment (OFII). “International companies bring more than just high-paying jobs to Missouri. So often, they become part of their local communities by investing in workforce training solutions, participating in community activities and supporting local non-profits. Governor Parson’s declaration clearly signals that Missouri will continue to welcome international companies and help them succeed.”
OFII is the only organization focused exclusively on supporting the international business community in Washington. Representing the U.S. operations of many of the world’s leading international companies, OFII ensures that policymakers at the federal, state, and local level understand the critical role that foreign direct investment (FDI) plays in America’s economy. OFII advocates for fair, non-discriminatory treatment of foreign-based companies and promotes policies that will encourage them to establish U.S. operations, which in turn increases American employment and U.S. economic growth.
For more information on why Missouri could be a prime location to launch or grow your business, contact Steve Johnson, CEO of Missouri Partnership, at 314.725.2688 or via our contact form, with any questions you might have, and learn how Missouri Partnership can help with your business expansion and investment needs.