Foreign Direct Investment Positively Impacts Colorado Economy

| Blog

Recognized as one of the nation’s best business climates, Colorado is highly desirable for business and talent alike. The Centennial State remains relentlessly pro-business under the leadership of Gov. John Hickenlooper and offers global investors access to a business climate that fosters entrepreneurship and promotes innovation. Access to a highly-educated and skilled workforce, low taxes and business costs, and a fair and accessible regulatory environment are hallmarks of Colorado’s robust business economy.

People and businesses from around the world are drawn to our state’s unique combination of stunning scenery, recreational opportunities, moderate climate, world-class arts and culture, and excellent health care and schools. Also, our robust regional, national and global transportation infrastructure seamlessly connects Coloradans with partners around the globe to keep the wheels of trade turning.

Foreign direct investment (FDI) positively affected Colorado’s economy in 2016 with a commitment to creating 6,010 jobs and investing $368.8 million in capital investments in the state.  Many of the companies indicated that they chose Colorado for the strong talent pool, the quality of life, and the state’s reputation as a center for innovation.

For example we have experienced great success in Japan, China and Israel.

  • Colorado exported $444 million in goods to Japan in 2016, and there have been 14 major FDI projects in Colorado since 2003 by Japanese companies. These FDI projects have a total capital investment of 438.5 million with a creation of 914 jobs in the state.  Japanese companies with a major presence in the state include Panasonic, Hitachi, Terumo, Toshiba, Honda, and Monte-Bell.
  • China is currently Colorado’s third-largest export market with Colorado companies exporting $590 million in goods in 2016. The primary goods exported to Colorado include raw hides, optic, photo, and surgical instruments, industrial machinery, photographic and cinematographic goods, and electric machinery.
  • Israel, a global innovation leader, is Colorado’s 30th largest export market with $35.5 million in export goods to Israel in 2016. An outgrowth of the trade delegation’s visit to Israel was the recent launch of a Colorado-Israel R&D Grant, a new initiative under the existing Advanced Industries (AI) Accelerator Grant Program. This program supports greater collaboration between Colorado and Israeli companies and facilitates and promotes bilateral and multilateral research and development projects between entities from Colorado and from Israel.

Attracting, retaining and expanding FDI in Colorado is a core function of the Colorado Office of Economic Development and International Trade (OEDIT). With a focus on creating jobs and fostering a more globally competitive Colorado, OEDIT staff has conducted several trade mission trips in the past 2 years, including visiting Japan, China, Turkey and Israel to connect and create deeper ties with global business and innovation leaders and explore innovation networks. Just last month, OEDIT staff visited France, England and Italy to enhance the visibility of Colorado’s business environment to current and potential investors.

OEDIT Is also dedicated to supporting Colorado companies that want to expand and diversify their markets through exporting. Below are the services we provide to Colorado exporters:

  • Export GrantsAdvanced Industries Accelerator Export Grant, STEP Grant, MBO Export Grant,
  • Export Counseling – Our advisers with the Global Consultant Network can assist your businesses in the areas of marketing, sales, market selection, partner selection and exporting fundamentals.
  • Trade-Related Education – We provide export training sessions in partnership with the World Trade Center Denver and industry experts focused on the fundamentals of exporting and international marketing.
  • Governor’s Award for Excellence in Exporting – This competitive annual award recognizes Colorado companies that demonstrate significant achievements in international trade. Colorado companies that are committed to exporting are encouraged to apply.
  • Colorado Trade Mentor Program – We provide the opportunity for Colorado companies to connect with seasoned business, community and academic leaders across a wide range of industry sectors in an informal environment on the topics of exporting, importing and operating in international markets, with a focus on Mexico, Japan and Canada. Mentors are encouraged to support mentees by sharing first-hand experience with opportunities and challenges, provide political and economic overviews, discuss cultural difference and sensitivities, and share market insight.

Colorado will continue to make international investors aware that we are open for global business. Learn more here.

Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us
Colorado Office of Economic Development and International Trade (303) 892-3840 oedit.info@state.co.us