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<figcaption class="image-caption">In Louisville-Jefferson County, industrial spaces are contracted for leasing many months before the completion of construction.</figcaption>
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<p>Bullitt County Economic Development Authority Executive Director pointed out that 2021 saw its second-best performance in terms of economic growth. Out of 9 million square feet of available land, the county was able to lease out 4.3 million square feet last year. Fouts is very optimistic about next year.</p>
<p>In normal circumstances, according to Fouts, a lot of office and commercial space in the area remains on the market for six months even after construction. In the past eight months, there are spaces that are contracted for leasing even before completion of construction.</p>
<p>“The county grew through the last recession because of our location and the availability of buildings,” he said.</p>
<p>On Bullitt County’s international business, Fouts said there were about six companies that were exporting their products, such as transmission parts and diesel engine parts to Japan, which contributed heavily to the area’s economy.</p>
<p>Fouts is encouraging potential investors from Japan to consider coming to Bullitt County and checking out the various opportunities.</p>
<p>“We are seeking more manufacturing. We will work with them to make their businesses successful,” he said.</p>',
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'content' => '<p>Under then Gov. Jimmy Carter, Georgia strengthened its efforts to strengthen ties between Georgia and Japan by opening its first international trade office in Tokyo in the early 1970s.</p>
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<figcaption class="image-caption">Japan-America Society of Georgia Executive Director Yoshi Domoto at the inauguration of The Peace Bell installed at The Carter Center in Atlanta.</figcaption>
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<p>Around half a century later, the effort has paid off handsomely. Japanese companies in Georgia have contributed around $11 billion to the state economy and have employed around 40,000 people.</p>
<p>Recognizing the bright prospects of ties with Georgia, JETRO opened an office in Atlanta in 1985 and kicked off, shortly after, JapanFest Atlanta, the first in the Southeastern USA. The event has been held continuously and has grown in size despite global recessions and other crises, including the ongoing COVID-19 pandemic.</p>
<p>Unfazed by such disruptions, Japanese companies remain confident in the economic outlook of Georgia and have even increased their operations. Heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet rising demand for tractors in North America, while YKK Group, the world’s largest manufacturer of zippers and other fastening products, is expanding its facilities in the state.</p>
<p>Amid the influx of fresh investment, <a href="https://www.jasgeorgia.org/" target="_blank" rel="noopener">Japan-America Society of Georgia</a> Executive Director Yoshi Domoto believes that retaining existing investors is equally important in the state, traditionally an agricultural economy making new inroads in manufacturing and financial technology. For him, the answer to that challenge revolves around people-to-people relationships.</p>
<p>JASG finds all the means for Japanese and Americans to build long-lasting friendships that transcend business, like cultural and student exchange programs, among them a 10-year partnership with J. F. Oberlin University, a private university in Tokyo.</p>
<p>“Business and economic development wouldn’t be possible without the personal connections that we make with people from around the world and people from Georgia and people from Japan,” he said.</p>
<p>To celebrate the long friendship between Japan and Georgia, the Japan-America Society of Georgia, the Japanese Chamber of Commerce of Georgia, the Consulate General of Japan in Atlanta, and JETRO Atlanta are working on completion of the Peace Bell Tower at The Carter Center.</p>',
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'content' => '<p>More than 80 Japanese firms, seven different organizations, and three different language schools that support the Japanese language are situated in and around Charlotte’s Center City, the central business district of Charlotte, North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-3-Charlotte%20City%20NC-Michael%20Smith.jpg" alt="" />
<figcaption class="image-caption">Charlotte Center City Partners CEO Michael Smith</figcaption>
</figure>
<p>The presence of Japanese-related nonprofit organizations signifies how Charlotte extends its support to foreigners who wish to live and invest in the city. Some known organizations include The Carolinas Asian-American Chamber of Commerce, The Japanese Association in Charlotte, Charlotte Japanese Language Meetup, and the Japan-America Society of North Carolina.</p>
<p>In working to grow public-private partnerships, all decisions of <a href="https://www.charlottecentercity.org/" target="_blank" rel="noopener">Charlotte Center City Partners</a> are based on research, urban planning, transportation planning, and community development and geared toward placed-based economic development.</p>
<p>“The Charlotte community is really known for its attribute of being very business-friendly and very growth-focused. We’re big believers in having a shared vision with collective action,” said Charlotte Center City Partners CEO Michael Smith.</p>
<p>As one of the two commercial capitals in Southeastern USA, the other being Atlanta, Charlotte is renowned for financial services. It is the second-largest banking center in the United States, next to New York. Advanced manufacturing and logistics are also considered niche industries because of its accessibility.</p>
<p>“Our location gives us incredible superpowers because of our highway connectivity, relative proximity to the Charleston Port, and the way were overserved by our incredible airport. Our airport is the fifth busiest in the world when measured by plane movement. There are more than 100 cities within a three-hour direct flight from Charlotte,” he said.</p>
<p>On foreign investments in and around Center City, more than half of the companies are from European and Asian markets, with a notable number of Japanese investors like Mitsubishi, Toshiba, and Yokohama Tire Corporation. Mitsubishi UFJ Financial Group, which set up in Charlotte in 2019 and initially employed 300 people, is expected to expand its operations in the city.</p>',
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"The Charlotte community is really known for its attribute of being very business-friendly and very growth-focused. We're big believers in having a shared vision with collective action," said Charlotte Center City Partners CEO Michael Smith.',
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'id' => '545270',
'title' => 'FUJIFILM, Toyota to expand operations in North Carolina',
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'description' => '"The momentum is really growing, and we're very excited about that," said Japan-America Society of North Carolina Chairman Tim Newlin when asked about the state of Japanese investment in North Carolina. ',
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'content' => '<p>“The momentum is really growing, and we’re very excited about that,” said <a href="https://www.jasnc.org/" target="_blank" rel="noopener">Japan-America Society of North Carolina</a> Chairman Tim Newlin when asked about the state of Japanese investment in North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%202-Japan%20America%20Society%20of%20NC-Tim%20Newlin-Chairman.jpg" alt="" />
<figcaption class="image-caption">Japan-America Society of North Carolina Chairman Tim Newlin</figcaption>
</figure>
<p>Among the flagship locators is FUJIFILM Diosynth Biotechnologies, which broke ground on a $2 billion cell culture and microbial manufacturing capacity. Apart from being its largest in North America, the FUJIFILM investment is historic for North Carolina as it will be the largest life sciences investment and make the state a major center for life sciences in the U.S.</p>
<p>The facility, located in the town of Holly Springs in Wake County, is due to be fully operational by early 2025.</p>
<p>Meanwhile, global auto giant Toyota announced an additional $2.5 billion investment to expand its Toyota Battery Manufacturing North Carolina (TBMNC). The added investment forms part of a commitment to invest approximately $70 billion for its electrification development program, $5.6 billion of which is intended for the production of battery electric vehicle (BEV) and hybrid electric vehicles (HEV).</p>
<p>Scheduled to begin production in 2025, the facility is expected to employ more than 2,000 workers.</p>
<p>Aside from offering an excellent quality of life with its affordability, comfortable climate, clean beaches, lush mountains, North Carolina has attracted new businesses because of its connectivity to the rest of the world and its abundance in talent.</p>
<p>“From the standpoint of business, North Carolina has a large number of educational institutions, like the University of North Carolina, Duke, North Carolina State, and Wake Forest. We have a supply of good talented people coming through and that is attractive to businesses building their company and looking to recruit,” said Newlin.</p>
<p>Due to host the annual Southeast USA-Japan Conference in a few years, North Carolina will get an opportunity to introduce the local business community with new Japanese investors, as well as lay out all the state’s incentives and grants to prospective investors, according to Newlin.</p>',
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'description' => 'Global Tampa Bay (GTB), a cross-county partnership between the Tampa Bay Economic Development Council, Pinellas County Economic Development, and the Pasco Economic Development Council, is focused on promoting the Tampa Bay region globally as a top business destination. ',
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'content' => '<p><a href="https://www.globaltampabay.com/" target="_blank" rel="noopener">Global Tampa Bay (GTB)</a>, a cross-county partnership between the Tampa Bay Economic Development Council, Pinellas County Economic Development, and the Pasco Economic Development Council, is focused on promoting the Tampa Bay region globally as a top business destination.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-2-Global-Tampa-Bay-Waterfront.jpg" alt="" />
<figcaption class="image-caption">In the last few years, Tampa Bay has become one of the more attractive places in the U.S. to live and work.</figcaption>
</figure>
<p>To improve the business climate in the region, GTB’s strategies include increasing business and trade opportunities for local companies and attracting foreign direct investments to create jobs in Tampa Bay. To enhance its attractiveness, GTB partnered with Tampa International Airport, Port Tampa Bay, as well as federal, state and local agencies to improve access to global markets for businesses.</p>
<p>While the cost of living in the area is among the lowest in the country, Tampa Bay also offers very affordable labor costs, salaries, benefits, utilities, low federal, regional, and local taxes, as well as various tax exemption programs that will attract investors looking to relocate or expand operations.</p>
<p>Tampa Bay also has nearly 80 colleges, universities, and technical schools, including top-ranking institutions like the University of South Florida, University of Tampa, and Saint Leo University, which guarantees companies with a steady stream of highly-skilled employees.</p>
<p>GTB organizes trade missions to meet potential clients in search of more export opportunities. Working with the U.S. Department of Commerce, it facilitates meetings with exporters and grants state and local assistance to offset the cost to participants.</p>
<p>In the past years, the region has seen dynamic growth in financial and professional services, manufacturing, distribution and logistics, life sciences and healthcare, information technology, corporate headquarters, and defense and security.</p>',
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'content' => '<p>Situated on Florida’s Gulf Coast, <a href="https://tampabayedc.com/" target="_blank" rel="noopener">Tampa Bay</a> offers ideal conditions and abundant opportunities for businesses across the state, the country, and the rest of the world. With its top-rated airport and large seaports, easy access to local and international customers is not problematic.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK%201-Tampa-Bay-EDC-Michelle-Bauer-COO.jpg" alt="" />
<figcaption class="image-caption">Tampa Bay Economic Development Council COO Michelle Bauer</figcaption>
</figure>
<p>Tampa Bay’s extensive interstate system also enables a collaborative landscape for a diverse range of industries like education, professional and shared services, information technology, health technology, manufacturing, financial services, distribution and logistics, life sciences, defense technologies and security, and supply chain management technology.</p>
<p>New developments have sprouted only within a 20-minute radius of downtown Tampa. Water Street is a $3.5 billion urban community that features homes, offices, shops, and hotels, all built along an accessible waterfront. Its central location makes traveling to and from the central business district accessible and convenient for business and leisure travelers.</p>
<p>A nine-story office building at Tampa International Airport, SkyCenter One, offers convenience to frequent travelers with amenities like a conference center, meeting spaces, a fitness center, and coffee shops.</p>
<p>Foreign investors have seen the potential of Tampa Bay. With a significant presence of marine-related industries based in Tampa, including the Italian-owned company Bertram Yachts, and Suzuki Marine, a subsidiary of Japanese multinational Suzuki, the city is very welcoming judging from its multilingual, highly educated population.</p>
<p>Aside from a favorable business climate and pedestrian-friendly neighborhood, Tampa Bay also benefits from the presence of MacDill Air Force Base, home to the U.S. Central Command and the U.S. Special Operations Command. Some companies have employed retired military personnel with strong background in cybersecurity, logistics, and security.</p>
<p>According to Tampa Bay Economic Development Council COO Michelle Bauer, people do not move to their community as visitors: “They come here to raise their families and establish their homes. They want to be in a place where the housing is relatively affordable when compared to many of the other major markets.”</p>
<p>Meanwhile, companies and entrepreneurs that have ventured to Tampa have seen their decision pay off.</p>
<p>“You can get a lot for your money here and a lot for your investment; great people and many opportunities for growth,” said Bauer. </p>',
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'title' => 'Two largest Japanese investments in North Carolina happened during COVID-19',
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'description' => 'Unfazed by the economic challenges brought by the COVID-19 pandemic, Japanese companies have made significant investments in North Carolina. ',
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'content' => '<p>Unfazed by the economic challenges brought by the COVID-19 pandemic, Japanese companies have made significant investments in North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Honorary-Consul-of-Japan-NC.jpg" alt="" />
<figcaption class="image-caption">David S. Robinson, Honorary Consul of Japan in North Carolina, Chairman of the North Carolina Consular Corps, and international trade attorney at Nexsen Pruet, PLLC</figcaption>
</figure>
<p>Global car giant Toyota began construction of a new automotive battery manufacturing plant – Toyota Battery Manufacturing, North Carolina (TBMNC) – in the Greensboro-Randolph Megasite in Liberty, NC. Meanwhile, FUJIFILM Diosynth Biotechnologies announced plans to build its largest manufacturing facility in North America in Holly Springs, a cutting-edge CDMO facility catering to the biotech and pharmaceutical industries.</p>
<p><strong>Despite COVID-19, Japanese companies are still investing in North Carolina</strong></p>
<p><strong> </strong>North Carolina is abundant in natural and human resources, making the state a fertile breeding ground for sustainable energy programs and excellent schools. The overall quality of life is among the reasons Japanese investors choose the southeast region, according to David S. Robinson, the Honorary Consul of Japan in North Carolina, Chairman of the <a href="https://www.ncconsul.org/" target="_blank" rel="noopener">North Carolina Consular Corps</a>, and international trade attorney at <a href="https://www.nexsenpruet.com/professionals-david-s-robinson" target="_blank" rel="noopener">Nexsen Pruet, PLLC</a>.</p>
<p>Robinson also stressed that Japan and North Carolina enjoy fruitful and dynamic business partnerships because of the “Southern hospitality” that welcomes Japanese expats into our communities. </p>
<p>“<strong>We’ve come a long way</strong>,” — Robinson</p>
<p>Traditionally a producer of textiles, tobacco, and furniture, North Carolina is making a global name for itself as an important hub for the biotech, biomanufacturing, information technology, aerospace and pharmaceutical industries.</p>
<p>“Companies are coming here to invest and tap the intellectual resources in our state, and not to manufacture low-value goods. They’re coming here now because there’s a sophisticated workforce in a business-friendly environment that facilitates the development of pharmaceuticals and advanced manufacturing, among other fields” he said.</p>
<p>Aside from the Research Triangle Park area, which has the highest concentration of Japanese investments in the state, according to Robinson, the Charlotte area and other more rural communities are also attracting a growing number of investors from Japan and the rest of the world.</p>
<p>“The ‘I-85 corridor’ from Virginia down to Atlanta, which goes through the Raleigh and Charlotte areas, remains highly attractive to foreign investors due to the easy access to markets, relatively inexpensive operating costs and a talented workforce. This corridor in North Carolina has attracted the likes of HondaJet, Morinaga, and Ajinomoto,” he said.</p>
<p><strong>“I would like to see more foreign exchange students.” </strong></p>
<p>Though there has been a decline in the number of exchange students, Robinson believes many problems are solved through closer partnerships, like the ones North Carolina State University has with Japanese research institutions like Waseda University and Sophia University. The state also has top-ranking Duke University and the University of North Carolina at Chapel Hill, each with excellent language and foreign relations programs.</p>
<p>Aside from having one of the country’s highest concentrations of Ph.D. graduates in the nation, the Raleigh-Durham-Cary area also has one of the most vibrant community college systems in the U.S. Robinson notes that “worker training programs offered by the state’s community colleges can often be a critical incentive for businesses considering an investment in North Carolina.”</p>
<p>Amid the growing popularity of distance learning, which provides its own benefits, Robinson still wants to encourage more physical student exchange programs between Japan and North Carolina.</p>
<p>“There is still no substitute for being in a particular country. It changes perspectives and even lives,” he stressed.</p>
<p><strong>On strengthening the ties between the Carolinas and Japan</strong></p>
<p>With more than 17,000 North Carolinians working for Japanese companies, and Japanese consumers enjoying many products grown and manufactured in North Carolina, the benefits of the cross-cultural exchange in the workplace is invaluable.</p>
<p>“It’s been a wonderful collaboration over the years because we share common fundamentals, like social responsibility and respect for the rule of commercial law. We view business in very similar ways. The collaboration seems to work quite well because we have this mutual foundation,” Robinson said.</p>',
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'description' => 'Among the newest investors in Georgia include Japan-based YKK Group, the world's largest manufacturer of zippers and other fastening products. Meanwhile, heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet the increasing demand for tractors in North America. ',
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'content' => '<p>Sharing many common traits, among them a fondness for golf and warm hospitality, Kazuyuki Takeuchi, the <a href="https://www.atlanta.us.emb-japan.go.jp/itprtop_en/index.html" target="_blank" rel="noopener">Consul General of Japan in Atlanta</a>, believes that Japan and states in the southeastern US can benefit from each other, whether it be in business or outside business.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Japan-Consul-Atlanta.jpg" alt="" />
<figcaption class="image-caption">Consul General of Japan in Atlanta Kazuyuki Takeuchi (3rd from right) with state officials of Georgia</figcaption>
</figure>
<p>Takeuchi emphasized that, aside from being ideal locations to live, the Southeastern states, like Georgia, have business-friendly climates and is promoting new industries, such as e-sports and film. Japanese investment has also grown consistently in the neighboring states of Alabama, North Carolina and South Carolina, as well.</p>
<p>Among the newest investors in Georgia include Japan-based YKK Group, the world’s largest manufacturer of zippers and other fastening products. Meanwhile, heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet the increasing demand for tractors in North America.</p>
<p>“More than half of their equipment is sold in the United States,” said Takeuchi, who pointed out that the investments from YKK Group and Kubota Corporation will generate new jobs for local residents.</p>
<p><strong>Immortalizing long-lasting friendships and partnerships</strong></p>
<p>Just this September, Georgia hosted the 35th edition of JapanFest Atlanta. The two-day event, which aims to share the richness of Japanese culture with Georgians, attracted more than 20,000 people. It was organized by the Japan-America Society of Georgia and the Japanese Chamber of Commerce of Georgia, and supported by the Consulate General of Japan in Atlanta.</p>
<p>To celebrate the long friendship between Japan and Georgia, the Japan-America Society of Georgia, the Japanese Chamber of Commerce of Georgia, the Consulate General of Japan in Atlanta, and JETRO Atlanta are working to complete the Peace Bell Tower at The Carter Center.</p>
<p>The project will also highlight the various contributions of Japanese-affiliated organizations in Georgia to enrich relations between Japan and Georgia in the fields of culture, economy, and education.</p>',
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'content' => '<p>Because of its talented workforce, business-friendly setting and better quality of life, North Carolina has attracted many international companies seeking a location that benefits both its businesses and workers. A standout among these foreign investors is Honda, which has three facilities in the state, the largest of which is <a href="https://www.hondajet.com/" target="_blank" rel="noopener">Honda Aircraft Co.</a> in Greensboro. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-Honda%20Jet-Yamasaki.jpg" alt="" />
<figcaption class="image-caption">Honda Aircraft President and CEO Hideto Yamasaki</figcaption>
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<p>“The people and board members of the Chamber of the North Carolina have recognized that Honda’s presence continues to make a good impact on the state. Since Honda came in and made progress, other companies have begun looking into investing in this region,” said Honda Aircraft President and CEO Hideto Yamasaki.</p>
<p>Honda Aircraft’s massive business operations involves partnership and contracts with more than 200 suppliers. While its jets may not be the most affordable among competitors, customers have placed bigger value in Honda’s commitment to the advancement of mobility and environmental sustainability in its pursuit of growth. The HondaJet fleet is now comprised of more than 230 aircraft in operation, and the number continues to increase.</p>
<p>“The HondaJet consumes 15% less fuel than its competitors,” stressed Yamasaki, who takes pride in the company’s dedication to global carbon neutrality. </p>
<p>Since the first HondaJet was delivered in late 2015, the company has continuously found ways to develop more fuel efficient and greener aircrafts.</p>
<p>“Honda Aircraft has made valuable contributions to the aviation industry because we are bringing business aviation to a wider range of users. We will continue doing so by delivering new products and services that create new values for our customers as well as the local community,” Yamasaki said.</p>
<p>“We announced a concept project about a year ago to build a new business jet that can fly non-stop from the East Coast to the West Coast. We are working on that and in 2023, we will be able to unveil more details about this new project,” he added.</p>
<p>With the upcoming jet, Yamasaki is confident that even more customers will make their way to Greensboro.</p>',
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'content' => '<p><a href="https://ykkamericas.com/" target="_blank" rel="noopener">YKK Corp. of America</a> has fully embraced its founder Tadao Yoshida’s corporate philosophy “Cycle of Goodness,” which states that no one prospers without rendering benefit to others, particularly the community.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-YKK%20America-Jessica%20Cork.jpg" alt="" />
<figcaption class="image-caption">Jessica Kennett Cork, YKK Corp. of America's vice president for community engagement and corporate communications</figcaption>
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<p>“Everything that we do within the company, all of our business activities, all of our engagement with the community is in keeping with that philosophy. Sustainability has always been very important for us,” said Jessica Kennett Cork, YKK Corp. of America’s vice president for community engagement and corporate communications.</p>
<p>YKK has subscribed to the UN’s Sustainable Development Goal to achieve climate neutrality by 2050. It opened its first U.S. office in New York in 1960 and established operations in Georgia in 1970.</p>
<p>“We set up operations here in Georgia because at the time, the textile industry was shifting from the Northeast to the Southeast region of the United States. The founder of the company had a dream of manufacturing in the United States and wanted to establish a vertically integrated manufacturing facility,” Cork said.</p>
<p>“We just continued to expand, grow, and develop a very strong presence in Georgia. All of our companies are headquartered in Georgia now,” she added.</p>
<p>To date, the entire YKK Americas Group employs around 1,500 employees in Georgia and around 4,000 in total in North, Central and South America.</p>
<p>While YKK has become a household name in zippers, the company makes other products with industrial applications for automotive companies, the American military, and the aerospace industry.</p>',
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'description' => 'Foresight and persistence have paid off in Georgia. Started by then governor Jimmy Carter before he was elected to the White House, the state deepened its connections with Japan through the promotion of its extensive assets, business-friendly policies, highly-skilled workforce, all of which appealed to Japanese expatriate communities on both sides.',
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'content' => '<p>Foresight and persistence have paid off in Georgia. Started by then governor Jimmy Carter before he was elected to the White House, the state deepened its connections with Japan through the promotion of its extensive assets, business-friendly policies, highly-skilled workforce, all of which appealed to Japanese expatriate communities on both sides.</p>
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<figcaption class="image-caption">Mitsubishi Electric Trane HVAC US CEO Mark Kuntz</figcaption>
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<p>For 50 years, a rising number of Japanese companies, like YKK, TOTO and Mitsubishi Electric, have selected Georgia as their second home, convinced that the state had the right mix of conditions to ensure success.</p>
<p>“We’ve hit our revenue and profitability targets and last year, we exceeded them dramatically. It was a year in which we grew 34% and saw our market share expand. We’ve built tremendous momentum coming into this year. It’s been a good run and the acceleration seems to continue,” said Mark Kuntz, CEO at <a href="https://www.metahvac.com/" target="_blank" rel="noopener">Mitsubishi Electric Trane HVAC US</a>, a joint venture set up in 2018 between Mitsubishi Electric and Trane Technologies.</p>
<p>It was an “extremely successful” joint venture, according to Kuntz, who pointed out that Trane had the extensive distribution network needed by Mitsubishi Electric to bring its products to homes and commercial spaces but lacked Mitsubishi Electric’s technological expertise in manufacturing heat pumps.</p>
<p>While around half of Mitsubishi Electric’s products find their way into residences spaces through its contractor network, the other half reaches commercial projects, from small office spaces to high-rise buildings because of Trane’s well developed network of engineers and developers of large-scale projects.</p>
<p>“We have tremendous growth potential here. It’s a large proportion and it’s the one with the largest opportunity to grow even bigger,” Kuntz said.</p>',
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<figcaption class="image-caption">Jonathan Brewster, the NC Japan Center's director of global engagement</figcaption>
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<p>Being located at North Carolina State University, which is "a large land grant institution," the center recognizes “the natural and logical synergies between academics and industry,” said Jonathan Brewster, the NC Japan Center’s director of global engagement. Apart from business and education, the center also promotes cultural relations between state and Japan.</p>
<p>Over the last three years, North Carolina has seen robust growth in various industries, including food production, food sciences, vehicle assembly, automotive parts, electronic equipment, EV battery manufacturing, as well as storage and warehousing.</p>
<p>The strongest performers though have been in the biotechnology and pharmaceuticals sectors, most notable of which are Japanese-owned FUJIFILM Diosynth Biotechnologies and KBI Biopharma Inc., an affiliate of California-based JSR Life Sciences and Japan-based multinational JSR Corp.</p>
<p>It is not suprising to see the emergence of such industries in North Carolina, which benefits from the confluence of prestigious universities and research centers in the state. Brewster hopes this advantage will attract more Japanese students to North Carolina State University, as well as to other top-ranking educational institutions like Duke University and University of North Carolina Chapel Hill.</p>
<p>“Once Japanese students come to North Carolina, they love it here. They’re very well supported. The cost of living is low. The community here is great. North Carolina has so much to offer Japanese businesses, individuals, and families. We are committed and motivated to welcome them with open arms and support their operations in our state,” he said.</p>',
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'description' => 'The Yazaki Group, established in Japan in 1941, was jolted by the global financial meltdown in 2008, which was triggered by the subprime mortgage crisis that led to the bankruptcy of Lehman Brothers. Keen to move forward in entering the American market, Yazaki looked around the United States for a suitable location for its US head office and chose Georgia in 2009.',
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'content' => '<p>The <a href="https://www.yazaki-corp.co.jp/">Yazaki Group</a>, established in Japan in 1941, was jolted by the global financial meltdown in 2008, which was triggered by the subprime mortgage crisis that led to the bankruptcy of Lehman Brothers. Keen to move forward in entering the American market, Yazaki looked around the United States for a suitable location for its US head office and chose Georgia in 2009</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%207-American%20Yazaki%20Corp-Yasuo%20Yazaki.jpg" alt="" />
<figcaption class="image-caption">American Yazaki Corp. President and CEO Yasuo Yazaki</figcaption>
</figure>
<p>A manufacturer of plastic mono-layered and multi-layered plastic products, injection molded plastic products and assemblies, Yazaki wanted to be close to its customers and other industry players operating in Georgia, such as Yamaha, Ricoh, Suzuki, Kawasaki, Mitsubishi.</p>
<p>In line with its objective to assist U.S. efforts to go greener, the company has also expanded its products to include fuel tanks that meet EPA and CARB regulations and reduce evaporative emissions from the production of fuel tanks.</p>
<p>“We build their plastic fuel tanks that meet the environmental regulations, as well as a high technology field tank,” American Yazaki Corp. President and CEO Yasuo Yazaki explained about their work for Yamaha and Honda.</p>
<p>Along with fuel tanks, Yazaki also makes toner cartridge bottles for Japan-based imaging company Ricoh.</p>
<p>Although its partnerships are dominated by those with fellow Japanese manufacturers, Yazaki wants to expand its network by partnering with non-Japanese multinational companies.</p>
<p>“I want Japanese companies to understand that there is huge potential in the U.S. There are many industries that are nonexistent even in Japan. For example, we are able to produce over 2 million fuel tanks a year that are used for lawnmowers. We don’t have that industry in Japan,” Yazaki said.</p>
<p>Because of its unyielding commitment to the success of its customers, Yazaki has become a valued supplier to virtually every customer that they supply to in the world. The company remains steadfast in its mission to deliver more quality products and services wherever they are needed in the world.</p>',
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'description' => '"Over 50% of the volume of deals that we are working on are foreign direct investment. Florida operates very much because of its FDI. And investment from our Japanese partners is of paramount importance to us," said Laura DiBella, the deputy secretary of commerce at Enterprise Florida, a private-public partnership that acts as the state's main economic development organization.',
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'content' => '<p>“Over 50% of the volume of deals that we are working on are foreign direct investment. Florida operates very much because of its FDI. And investment from our Japanese partners is of paramount importance to us,” said Laura DiBella, the deputy secretary of commerce at <a href="https://www.enterpriseflorida.com/" target="_blank" rel="noopener">Enterprise Florida</a>, a private-public partnership that acts as the state’s main economic development organization.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-Enterprise%20Florida-Laura-DiBella.jpg" alt="" />
<figcaption class="image-caption">Enterprise Florida Deputy Secretary of Commerce Laura DiBella</figcaption>
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<p>As the 6th-largest foreign direct investor in Florida, Japan contributes around $6 billion worth of capital investment and generates 22,000 jobs for Floridians. As part of long-term plans to strengthen the relationship with Japanese investors and increase international trade, Florida is increasing flights to and from Japan. Enterprise Florida received more than 200 leads from foreign investors considering doing business in our state last year.</p>
<p>Widely popular around the world as a tourism destination, Florida has already seen the number of visitors exceed pre-pandemic levels this year. “Our tourism is doing fantastic,” DiBella said.</p>
<p>DiBella attributes this recent boom in business to the “innovative environment” in the state. Investors, she said, have the freedom to operate their business here, minus the very strict regulatory environments that they perhaps were dealt with previously.</p>
<p>Having overcome the economic uncertainty that pushed Florida to adapt to the oft-quoted new normal, the state has emerged more confident and better equipped to provide a more conducive environment for growth, according to DiBella.</p>
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'description' => 'Highlighting the presence of the Research Triangle Park and three Tier-1 research universities located within a few minutes from each other (Duke University, North Carolina State University and University of North Carolina Chapel Hill), the Research Triangle Regional Partnership (RTRP) is bent on becoming a top economic center in the state, the country, and the world. ',
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<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-Research%20Triangle%20partnership-Ryan%20Combs.jpg" alt="" />
<figcaption class="image-caption">RTRP Executive Director Ryan Combs</figcaption>
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<p>As an economic development organization, RTRP connects companies looking to expand with government agencies and business organizations in the state, ranked No. 1 by Forbes from 2017 to 2019 as the Best Place for Business. Until its corporate tax regime expires in 2030, North Carolina will have the lowest rates in the country.</p>
<p>Apart from the business-related advantages, the Research Triangle Region is also an ideal place to live.</p>
<p>“From an affordability standpoint, we’re a lot cheaper than a lot of the markets that we go up against, like New York, Boston, and San Francisco,” said RTRP Executive Director Ryan Combs, who also cited a Delta Airlines presentation that named the region as one of the country’s “most recession-proof communities.”</p>
<p>North Carolina has already proven its worth to many foreign multinationals, namely Toyota and HondaJet. Global car giant Toyota has announced plans to build a large battery plant near Greensboro, where HondaJet is expanding its production facility and set up its global headquarters in 2006.</p>
<p>Regarding RTRP’s short-term plans, Combs said the organization will step up its promotion of the Research Triangle Region internationally in order to attract more foreign investments to the area.</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-TOTO%20USA-William%20Strang.jpeg" alt="" />
<figcaption class="image-caption">William Strang, TOTO USA's president for corporate strategy, e-commerce, and after-sales consumer experience</figcaption>
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<p>Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets, to name a few.</p>
<p>When the Japanese company expanded in the United States in 1996, many were surprised at its choice of Georgia for its first manufacturing site. Thirty-five years later, <a href="https://www.totousa.com/" target="_blank" rel="noopener">TOTO USA</a> has two manufacturing facilities, one large distribution center in the state, aside from its head office in Atlanta.</p>
<p>But, William Strang, TOTO USA’s president for corporate strategy, e-commerce, and after-sales consumer experience pointed out: “Atlanta is an international city with a significant airport that allows you to go virtually anywhere in one hop around the world.”</p>
<p>Since 1998, Hartsfield–Jackson Atlanta International Airport has been the world’s busiest airport in terms of passenger traffic.</p>
<p>At the height of the Covid-19 pandemic, TOTO USA reported a growth in sales as millions of Americans worked from home and found themselves starting home improvement projects, which included upgrades to their bathrooms. Sales rose from its e-commerce platform in Amazon.</p>
<p>Two years since the SARS-CoV-2 outbreak, TOTO has not seen the sales momentum ease.</p>
<p>And the with rising awareness surrounding environmental conversation, TOTO highlights the water conservation technology that its toilets have featured for several decades now.</p>',
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'description' => 'It's been 20 years since Art Basel made its first international debut in Miami Beach. From then on, the tourist hotspot has evolved into a cultural mecca, drawing in world-famous artists and wealthy art collectors. The transformation, in the words of Mayor Dan Gelber, was "incredibly dramatic and defining.',
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'content' => '<p>It’s been 20 years since Art Basel made its first international debut in <a href="https://www.miamibeachfl.gov/" target="_blank" rel="noopener">Miami Beach</a>. From then on, the tourist hotspot has evolved into a cultural mecca, drawing in world-famous artists and wealthy art collectors. The transformation, in the words of Mayor Dan Gelber, was “incredibly dramatic and defining.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-5-Miami-Beach-FL-Mayor-Gebler-2.jpg" alt="" />
<figcaption class="image-caption">Miami Beach Mayor Dan Gelber</figcaption>
</figure>
<p>The privately-run art fair, which runs from December 2 to 5, is organized in collaboration with the city’s local institutions, museums, art galleries and other cultural venues.</p>
<p>Before Art Basel Miami Beach, the city’s economy was dominated by holiday tourism, attracting between 10 to 15 million visitors, local and international, every year. Today, a new breed of visitors enjoy more than the city’s beaches.</p>
<p>Among the most popular cultural venues include the Miami City Ballet, the Bass Museum of Art, the Perez Art Museum Miami, Miami Children’s Museum, and the Frank Gehry-designed New World Center, which hosts the New World Symphony.</p>
<p>Apart from seeing the usual influx of beach lovers and culture vultures, Gebler has noted the post-Covid surge of arrivals from people from across the United States looking to settle in a place that facilitated the better work-life balance.</p>
<p>In South Florida, Miami Beach launched the Arts Force Housing program, which offers housing alternatives for people in the arts sector. The city has also experienced a building boom in commercial and office space to meet rising demand.</p>
<p>“The Class A office issue has always been present in South Florida for decades. But Miami has really put together a critical mass of Class A office spaces, which is why I think so many businesses are moving here,” Gelber told GMI POST.</p>
<p>“That’s been a priority of my city: to create more office space, create more pedestrian- and bike-friendly opportunities, and make the city more accessible to people. I want to foster a sense of community and create a safe and clean city, one that will be best version of Miami Beach in South Florida,” the mayor added.</p>',
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<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Honorary-Consul-of-Japan-NC.jpg" alt="" />
<figcaption class="image-caption">David S. Robinson, Honorary Consul of Japan in North Carolina, Chairman of the North Carolina Consular Corps, and international trade attorney at Nexsen Pruet, PLLC</figcaption>
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<p>Global car giant Toyota began construction of a new automotive battery manufacturing plant – Toyota Battery Manufacturing, North Carolina (TBMNC) – in the Greensboro-Randolph Megasite in Liberty, NC. Meanwhile, FUJIFILM Diosynth Biotechnologies announced plans to build its largest manufacturing facility in North America in Holly Springs, a cutting-edge CDMO facility catering to the biotech and pharmaceutical industries.</p>
<p><strong>Despite COVID-19, Japanese companies are still investing in North Carolina</strong></p>
<p><strong> </strong>North Carolina is abundant in natural and human resources, making the state a fertile breeding ground for sustainable energy programs and excellent schools. The overall quality of life is among the reasons Japanese investors choose the southeast region, according to David S. Robinson, the Honorary Consul of Japan in North Carolina, Chairman of the <a href="https://www.ncconsul.org/" target="_blank" rel="noopener">North Carolina Consular Corps</a>, and international trade attorney at <a href="https://www.nexsenpruet.com/professionals-david-s-robinson" target="_blank" rel="noopener">Nexsen Pruet, PLLC</a>.</p>
<p>Robinson also stressed that Japan and North Carolina enjoy fruitful and dynamic business partnerships because of the “Southern hospitality” that welcomes Japanese expats into our communities. </p>
<p>“<strong>We’ve come a long way</strong>,” — Robinson</p>
<p>Traditionally a producer of textiles, tobacco, and furniture, North Carolina is making a global name for itself as an important hub for the biotech, biomanufacturing, information technology, aerospace and pharmaceutical industries.</p>
<p>“Companies are coming here to invest and tap the intellectual resources in our state, and not to manufacture low-value goods. They’re coming here now because there’s a sophisticated workforce in a business-friendly environment that facilitates the development of pharmaceuticals and advanced manufacturing, among other fields” he said.</p>
<p>Aside from the Research Triangle Park area, which has the highest concentration of Japanese investments in the state, according to Robinson, the Charlotte area and other more rural communities are also attracting a growing number of investors from Japan and the rest of the world.</p>
<p>“The ‘I-85 corridor’ from Virginia down to Atlanta, which goes through the Raleigh and Charlotte areas, remains highly attractive to foreign investors due to the easy access to markets, relatively inexpensive operating costs and a talented workforce. This corridor in North Carolina has attracted the likes of HondaJet, Morinaga, and Ajinomoto,” he said.</p>
<p><strong>“I would like to see more foreign exchange students.” </strong></p>
<p>Though there has been a decline in the number of exchange students, Robinson believes many problems are solved through closer partnerships, like the ones North Carolina State University has with Japanese research institutions like Waseda University and Sophia University. The state also has top-ranking Duke University and the University of North Carolina at Chapel Hill, each with excellent language and foreign relations programs.</p>
<p>Aside from having one of the country’s highest concentrations of Ph.D. graduates in the nation, the Raleigh-Durham-Cary area also has one of the most vibrant community college systems in the U.S. Robinson notes that “worker training programs offered by the state’s community colleges can often be a critical incentive for businesses considering an investment in North Carolina.”</p>
<p>Amid the growing popularity of distance learning, which provides its own benefits, Robinson still wants to encourage more physical student exchange programs between Japan and North Carolina.</p>
<p>“There is still no substitute for being in a particular country. It changes perspectives and even lives,” he stressed.</p>
<p><strong>On strengthening the ties between the Carolinas and Japan</strong></p>
<p>With more than 17,000 North Carolinians working for Japanese companies, and Japanese consumers enjoying many products grown and manufactured in North Carolina, the benefits of the cross-cultural exchange in the workplace is invaluable.</p>
<p>“It’s been a wonderful collaboration over the years because we share common fundamentals, like social responsibility and respect for the rule of commercial law. We view business in very similar ways. The collaboration seems to work quite well because we have this mutual foundation,” Robinson said.</p>',
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<p>Bullitt County Economic Development Authority Executive Director pointed out that 2021 saw its second-best performance in terms of economic growth. Out of 9 million square feet of available land, the county was able to lease out 4.3 million square feet last year. Fouts is very optimistic about next year.</p>
<p>In normal circumstances, according to Fouts, a lot of office and commercial space in the area remains on the market for six months even after construction. In the past eight months, there are spaces that are contracted for leasing even before completion of construction.</p>
<p>“The county grew through the last recession because of our location and the availability of buildings,” he said.</p>
<p>On Bullitt County’s international business, Fouts said there were about six companies that were exporting their products, such as transmission parts and diesel engine parts to Japan, which contributed heavily to the area’s economy.</p>
<p>Fouts is encouraging potential investors from Japan to consider coming to Bullitt County and checking out the various opportunities.</p>
<p>“We are seeking more manufacturing. We will work with them to make their businesses successful,” he said.</p>',
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'id' => '545278',
'title' => 'Japan is Georgia's top foreign direct investor',
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'description' => 'Under then Gov. Jimmy Carter, Georgia strengthened its efforts to strengthen ties between Georgia and Japan by opening its first international trade office in Tokyo in the early 1970s. Around half a century later, the effort has paid off handsomely. ',
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'content' => '<p>Under then Gov. Jimmy Carter, Georgia strengthened its efforts to strengthen ties between Georgia and Japan by opening its first international trade office in Tokyo in the early 1970s.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-3-Japan-America-Society-of-Georgia-Domoto-with-Peace-Bell.jpg" alt="" />
<figcaption class="image-caption">Japan-America Society of Georgia Executive Director Yoshi Domoto at the inauguration of The Peace Bell installed at The Carter Center in Atlanta.</figcaption>
</figure>
<p>Around half a century later, the effort has paid off handsomely. Japanese companies in Georgia have contributed around $11 billion to the state economy and have employed around 40,000 people.</p>
<p>Recognizing the bright prospects of ties with Georgia, JETRO opened an office in Atlanta in 1985 and kicked off, shortly after, JapanFest Atlanta, the first in the Southeastern USA. The event has been held continuously and has grown in size despite global recessions and other crises, including the ongoing COVID-19 pandemic.</p>
<p>Unfazed by such disruptions, Japanese companies remain confident in the economic outlook of Georgia and have even increased their operations. Heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet rising demand for tractors in North America, while YKK Group, the world’s largest manufacturer of zippers and other fastening products, is expanding its facilities in the state.</p>
<p>Amid the influx of fresh investment, <a href="https://www.jasgeorgia.org/" target="_blank" rel="noopener">Japan-America Society of Georgia</a> Executive Director Yoshi Domoto believes that retaining existing investors is equally important in the state, traditionally an agricultural economy making new inroads in manufacturing and financial technology. For him, the answer to that challenge revolves around people-to-people relationships.</p>
<p>JASG finds all the means for Japanese and Americans to build long-lasting friendships that transcend business, like cultural and student exchange programs, among them a 10-year partnership with J. F. Oberlin University, a private university in Tokyo.</p>
<p>“Business and economic development wouldn’t be possible without the personal connections that we make with people from around the world and people from Georgia and people from Japan,” he said.</p>
<p>To celebrate the long friendship between Japan and Georgia, the Japan-America Society of Georgia, the Japanese Chamber of Commerce of Georgia, the Consulate General of Japan in Atlanta, and JETRO Atlanta are working on completion of the Peace Bell Tower at The Carter Center.</p>',
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'id' => '545279',
'title' => 'Mitsubishi UFJ Financial Group to expand in Charlotte, North Carolina',
'description_old' => null,
'description' => 'In working to grow public-private partnerships, all decisions of Charlotte Center City Partners are based on research, urban planning, transportation planning, and community development and geared toward placed-based economic development.
"The Charlotte community is really known for its attribute of being very business-friendly and very growth-focused. We're big believers in having a shared vision with collective action," said Charlotte Center City Partners CEO Michael Smith.',
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'url' => 'mitsubishi-ufj-financial-group-to-expand-in-charlotte-north-carolina',
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'content' => '<p>More than 80 Japanese firms, seven different organizations, and three different language schools that support the Japanese language are situated in and around Charlotte’s Center City, the central business district of Charlotte, North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-3-Charlotte%20City%20NC-Michael%20Smith.jpg" alt="" />
<figcaption class="image-caption">Charlotte Center City Partners CEO Michael Smith</figcaption>
</figure>
<p>The presence of Japanese-related nonprofit organizations signifies how Charlotte extends its support to foreigners who wish to live and invest in the city. Some known organizations include The Carolinas Asian-American Chamber of Commerce, The Japanese Association in Charlotte, Charlotte Japanese Language Meetup, and the Japan-America Society of North Carolina.</p>
<p>In working to grow public-private partnerships, all decisions of <a href="https://www.charlottecentercity.org/" target="_blank" rel="noopener">Charlotte Center City Partners</a> are based on research, urban planning, transportation planning, and community development and geared toward placed-based economic development.</p>
<p>“The Charlotte community is really known for its attribute of being very business-friendly and very growth-focused. We’re big believers in having a shared vision with collective action,” said Charlotte Center City Partners CEO Michael Smith.</p>
<p>As one of the two commercial capitals in Southeastern USA, the other being Atlanta, Charlotte is renowned for financial services. It is the second-largest banking center in the United States, next to New York. Advanced manufacturing and logistics are also considered niche industries because of its accessibility.</p>
<p>“Our location gives us incredible superpowers because of our highway connectivity, relative proximity to the Charleston Port, and the way were overserved by our incredible airport. Our airport is the fifth busiest in the world when measured by plane movement. There are more than 100 cities within a three-hour direct flight from Charlotte,” he said.</p>
<p>On foreign investments in and around Center City, more than half of the companies are from European and Asian markets, with a notable number of Japanese investors like Mitsubishi, Toshiba, and Yokohama Tire Corporation. Mitsubishi UFJ Financial Group, which set up in Charlotte in 2019 and initially employed 300 people, is expected to expand its operations in the city.</p>',
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'id' => '545270',
'title' => 'FUJIFILM, Toyota to expand operations in North Carolina',
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'description' => '"The momentum is really growing, and we're very excited about that," said Japan-America Society of North Carolina Chairman Tim Newlin when asked about the state of Japanese investment in North Carolina. ',
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'content' => '<p>“The momentum is really growing, and we’re very excited about that,” said <a href="https://www.jasnc.org/" target="_blank" rel="noopener">Japan-America Society of North Carolina</a> Chairman Tim Newlin when asked about the state of Japanese investment in North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%202-Japan%20America%20Society%20of%20NC-Tim%20Newlin-Chairman.jpg" alt="" />
<figcaption class="image-caption">Japan-America Society of North Carolina Chairman Tim Newlin</figcaption>
</figure>
<p>Among the flagship locators is FUJIFILM Diosynth Biotechnologies, which broke ground on a $2 billion cell culture and microbial manufacturing capacity. Apart from being its largest in North America, the FUJIFILM investment is historic for North Carolina as it will be the largest life sciences investment and make the state a major center for life sciences in the U.S.</p>
<p>The facility, located in the town of Holly Springs in Wake County, is due to be fully operational by early 2025.</p>
<p>Meanwhile, global auto giant Toyota announced an additional $2.5 billion investment to expand its Toyota Battery Manufacturing North Carolina (TBMNC). The added investment forms part of a commitment to invest approximately $70 billion for its electrification development program, $5.6 billion of which is intended for the production of battery electric vehicle (BEV) and hybrid electric vehicles (HEV).</p>
<p>Scheduled to begin production in 2025, the facility is expected to employ more than 2,000 workers.</p>
<p>Aside from offering an excellent quality of life with its affordability, comfortable climate, clean beaches, lush mountains, North Carolina has attracted new businesses because of its connectivity to the rest of the world and its abundance in talent.</p>
<p>“From the standpoint of business, North Carolina has a large number of educational institutions, like the University of North Carolina, Duke, North Carolina State, and Wake Forest. We have a supply of good talented people coming through and that is attractive to businesses building their company and looking to recruit,” said Newlin.</p>
<p>Due to host the annual Southeast USA-Japan Conference in a few years, North Carolina will get an opportunity to introduce the local business community with new Japanese investors, as well as lay out all the state’s incentives and grants to prospective investors, according to Newlin.</p>',
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'title' => 'Global Tampa Bay's mission: Expand markets and compete globally ',
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'description' => 'Global Tampa Bay (GTB), a cross-county partnership between the Tampa Bay Economic Development Council, Pinellas County Economic Development, and the Pasco Economic Development Council, is focused on promoting the Tampa Bay region globally as a top business destination. ',
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'content' => '<p><a href="https://www.globaltampabay.com/" target="_blank" rel="noopener">Global Tampa Bay (GTB)</a>, a cross-county partnership between the Tampa Bay Economic Development Council, Pinellas County Economic Development, and the Pasco Economic Development Council, is focused on promoting the Tampa Bay region globally as a top business destination.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-2-Global-Tampa-Bay-Waterfront.jpg" alt="" />
<figcaption class="image-caption">In the last few years, Tampa Bay has become one of the more attractive places in the U.S. to live and work.</figcaption>
</figure>
<p>To improve the business climate in the region, GTB’s strategies include increasing business and trade opportunities for local companies and attracting foreign direct investments to create jobs in Tampa Bay. To enhance its attractiveness, GTB partnered with Tampa International Airport, Port Tampa Bay, as well as federal, state and local agencies to improve access to global markets for businesses.</p>
<p>While the cost of living in the area is among the lowest in the country, Tampa Bay also offers very affordable labor costs, salaries, benefits, utilities, low federal, regional, and local taxes, as well as various tax exemption programs that will attract investors looking to relocate or expand operations.</p>
<p>Tampa Bay also has nearly 80 colleges, universities, and technical schools, including top-ranking institutions like the University of South Florida, University of Tampa, and Saint Leo University, which guarantees companies with a steady stream of highly-skilled employees.</p>
<p>GTB organizes trade missions to meet potential clients in search of more export opportunities. Working with the U.S. Department of Commerce, it facilitates meetings with exporters and grants state and local assistance to offset the cost to participants.</p>
<p>In the past years, the region has seen dynamic growth in financial and professional services, manufacturing, distribution and logistics, life sciences and healthcare, information technology, corporate headquarters, and defense and security.</p>',
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'title' => 'Tampa Bay EDC: Where to find diversity, livability, and good value stock ',
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'description' => 'Situated on Florida's Gulf Coast, Tampa Bay offers ideal conditions and abundant opportunities for businesses across the state, the country, and the rest of the world. With its top-rated airport and large seaports, easy access to local and international customers is not problematic.',
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'content' => '<p>Situated on Florida’s Gulf Coast, <a href="https://tampabayedc.com/" target="_blank" rel="noopener">Tampa Bay</a> offers ideal conditions and abundant opportunities for businesses across the state, the country, and the rest of the world. With its top-rated airport and large seaports, easy access to local and international customers is not problematic.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK%201-Tampa-Bay-EDC-Michelle-Bauer-COO.jpg" alt="" />
<figcaption class="image-caption">Tampa Bay Economic Development Council COO Michelle Bauer</figcaption>
</figure>
<p>Tampa Bay’s extensive interstate system also enables a collaborative landscape for a diverse range of industries like education, professional and shared services, information technology, health technology, manufacturing, financial services, distribution and logistics, life sciences, defense technologies and security, and supply chain management technology.</p>
<p>New developments have sprouted only within a 20-minute radius of downtown Tampa. Water Street is a $3.5 billion urban community that features homes, offices, shops, and hotels, all built along an accessible waterfront. Its central location makes traveling to and from the central business district accessible and convenient for business and leisure travelers.</p>
<p>A nine-story office building at Tampa International Airport, SkyCenter One, offers convenience to frequent travelers with amenities like a conference center, meeting spaces, a fitness center, and coffee shops.</p>
<p>Foreign investors have seen the potential of Tampa Bay. With a significant presence of marine-related industries based in Tampa, including the Italian-owned company Bertram Yachts, and Suzuki Marine, a subsidiary of Japanese multinational Suzuki, the city is very welcoming judging from its multilingual, highly educated population.</p>
<p>Aside from a favorable business climate and pedestrian-friendly neighborhood, Tampa Bay also benefits from the presence of MacDill Air Force Base, home to the U.S. Central Command and the U.S. Special Operations Command. Some companies have employed retired military personnel with strong background in cybersecurity, logistics, and security.</p>
<p>According to Tampa Bay Economic Development Council COO Michelle Bauer, people do not move to their community as visitors: “They come here to raise their families and establish their homes. They want to be in a place where the housing is relatively affordable when compared to many of the other major markets.”</p>
<p>Meanwhile, companies and entrepreneurs that have ventured to Tampa have seen their decision pay off.</p>
<p>“You can get a lot for your money here and a lot for your investment; great people and many opportunities for growth,” said Bauer. </p>',
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'id' => '545264',
'title' => 'Two largest Japanese investments in North Carolina happened during COVID-19',
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'description' => 'Unfazed by the economic challenges brought by the COVID-19 pandemic, Japanese companies have made significant investments in North Carolina. ',
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'content' => '<p>Unfazed by the economic challenges brought by the COVID-19 pandemic, Japanese companies have made significant investments in North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Honorary-Consul-of-Japan-NC.jpg" alt="" />
<figcaption class="image-caption">David S. Robinson, Honorary Consul of Japan in North Carolina, Chairman of the North Carolina Consular Corps, and international trade attorney at Nexsen Pruet, PLLC</figcaption>
</figure>
<p>Global car giant Toyota began construction of a new automotive battery manufacturing plant – Toyota Battery Manufacturing, North Carolina (TBMNC) – in the Greensboro-Randolph Megasite in Liberty, NC. Meanwhile, FUJIFILM Diosynth Biotechnologies announced plans to build its largest manufacturing facility in North America in Holly Springs, a cutting-edge CDMO facility catering to the biotech and pharmaceutical industries.</p>
<p><strong>Despite COVID-19, Japanese companies are still investing in North Carolina</strong></p>
<p><strong> </strong>North Carolina is abundant in natural and human resources, making the state a fertile breeding ground for sustainable energy programs and excellent schools. The overall quality of life is among the reasons Japanese investors choose the southeast region, according to David S. Robinson, the Honorary Consul of Japan in North Carolina, Chairman of the <a href="https://www.ncconsul.org/" target="_blank" rel="noopener">North Carolina Consular Corps</a>, and international trade attorney at <a href="https://www.nexsenpruet.com/professionals-david-s-robinson" target="_blank" rel="noopener">Nexsen Pruet, PLLC</a>.</p>
<p>Robinson also stressed that Japan and North Carolina enjoy fruitful and dynamic business partnerships because of the “Southern hospitality” that welcomes Japanese expats into our communities. </p>
<p>“<strong>We’ve come a long way</strong>,” — Robinson</p>
<p>Traditionally a producer of textiles, tobacco, and furniture, North Carolina is making a global name for itself as an important hub for the biotech, biomanufacturing, information technology, aerospace and pharmaceutical industries.</p>
<p>“Companies are coming here to invest and tap the intellectual resources in our state, and not to manufacture low-value goods. They’re coming here now because there’s a sophisticated workforce in a business-friendly environment that facilitates the development of pharmaceuticals and advanced manufacturing, among other fields” he said.</p>
<p>Aside from the Research Triangle Park area, which has the highest concentration of Japanese investments in the state, according to Robinson, the Charlotte area and other more rural communities are also attracting a growing number of investors from Japan and the rest of the world.</p>
<p>“The ‘I-85 corridor’ from Virginia down to Atlanta, which goes through the Raleigh and Charlotte areas, remains highly attractive to foreign investors due to the easy access to markets, relatively inexpensive operating costs and a talented workforce. This corridor in North Carolina has attracted the likes of HondaJet, Morinaga, and Ajinomoto,” he said.</p>
<p><strong>“I would like to see more foreign exchange students.” </strong></p>
<p>Though there has been a decline in the number of exchange students, Robinson believes many problems are solved through closer partnerships, like the ones North Carolina State University has with Japanese research institutions like Waseda University and Sophia University. The state also has top-ranking Duke University and the University of North Carolina at Chapel Hill, each with excellent language and foreign relations programs.</p>
<p>Aside from having one of the country’s highest concentrations of Ph.D. graduates in the nation, the Raleigh-Durham-Cary area also has one of the most vibrant community college systems in the U.S. Robinson notes that “worker training programs offered by the state’s community colleges can often be a critical incentive for businesses considering an investment in North Carolina.”</p>
<p>Amid the growing popularity of distance learning, which provides its own benefits, Robinson still wants to encourage more physical student exchange programs between Japan and North Carolina.</p>
<p>“There is still no substitute for being in a particular country. It changes perspectives and even lives,” he stressed.</p>
<p><strong>On strengthening the ties between the Carolinas and Japan</strong></p>
<p>With more than 17,000 North Carolinians working for Japanese companies, and Japanese consumers enjoying many products grown and manufactured in North Carolina, the benefits of the cross-cultural exchange in the workplace is invaluable.</p>
<p>“It’s been a wonderful collaboration over the years because we share common fundamentals, like social responsibility and respect for the rule of commercial law. We view business in very similar ways. The collaboration seems to work quite well because we have this mutual foundation,” Robinson said.</p>',
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'description' => 'Among the newest investors in Georgia include Japan-based YKK Group, the world's largest manufacturer of zippers and other fastening products. Meanwhile, heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet the increasing demand for tractors in North America. ',
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'content' => '<p>Sharing many common traits, among them a fondness for golf and warm hospitality, Kazuyuki Takeuchi, the <a href="https://www.atlanta.us.emb-japan.go.jp/itprtop_en/index.html" target="_blank" rel="noopener">Consul General of Japan in Atlanta</a>, believes that Japan and states in the southeastern US can benefit from each other, whether it be in business or outside business.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Japan-Consul-Atlanta.jpg" alt="" />
<figcaption class="image-caption">Consul General of Japan in Atlanta Kazuyuki Takeuchi (3rd from right) with state officials of Georgia</figcaption>
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<p>Takeuchi emphasized that, aside from being ideal locations to live, the Southeastern states, like Georgia, have business-friendly climates and is promoting new industries, such as e-sports and film. Japanese investment has also grown consistently in the neighboring states of Alabama, North Carolina and South Carolina, as well.</p>
<p>Among the newest investors in Georgia include Japan-based YKK Group, the world’s largest manufacturer of zippers and other fastening products. Meanwhile, heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet the increasing demand for tractors in North America.</p>
<p>“More than half of their equipment is sold in the United States,” said Takeuchi, who pointed out that the investments from YKK Group and Kubota Corporation will generate new jobs for local residents.</p>
<p><strong>Immortalizing long-lasting friendships and partnerships</strong></p>
<p>Just this September, Georgia hosted the 35th edition of JapanFest Atlanta. The two-day event, which aims to share the richness of Japanese culture with Georgians, attracted more than 20,000 people. It was organized by the Japan-America Society of Georgia and the Japanese Chamber of Commerce of Georgia, and supported by the Consulate General of Japan in Atlanta.</p>
<p>To celebrate the long friendship between Japan and Georgia, the Japan-America Society of Georgia, the Japanese Chamber of Commerce of Georgia, the Consulate General of Japan in Atlanta, and JETRO Atlanta are working to complete the Peace Bell Tower at The Carter Center.</p>
<p>The project will also highlight the various contributions of Japanese-affiliated organizations in Georgia to enrich relations between Japan and Georgia in the fields of culture, economy, and education.</p>',
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'description' => 'Because of its talented workforce, business-friendly setting and better quality of life, North Carolina has attracted many international companies seeking a location that benefits both its businesses and workers. A standout among these foreign investors is Honda, which has three facilities in the state, the largest of which is Honda Aircraft Co. in Greensboro. ',
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'content' => '<p>Because of its talented workforce, business-friendly setting and better quality of life, North Carolina has attracted many international companies seeking a location that benefits both its businesses and workers. A standout among these foreign investors is Honda, which has three facilities in the state, the largest of which is <a href="https://www.hondajet.com/" target="_blank" rel="noopener">Honda Aircraft Co.</a> in Greensboro. </p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-Honda%20Jet-Yamasaki.jpg" alt="" />
<figcaption class="image-caption">Honda Aircraft President and CEO Hideto Yamasaki</figcaption>
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<p>“The people and board members of the Chamber of the North Carolina have recognized that Honda’s presence continues to make a good impact on the state. Since Honda came in and made progress, other companies have begun looking into investing in this region,” said Honda Aircraft President and CEO Hideto Yamasaki.</p>
<p>Honda Aircraft’s massive business operations involves partnership and contracts with more than 200 suppliers. While its jets may not be the most affordable among competitors, customers have placed bigger value in Honda’s commitment to the advancement of mobility and environmental sustainability in its pursuit of growth. The HondaJet fleet is now comprised of more than 230 aircraft in operation, and the number continues to increase.</p>
<p>“The HondaJet consumes 15% less fuel than its competitors,” stressed Yamasaki, who takes pride in the company’s dedication to global carbon neutrality. </p>
<p>Since the first HondaJet was delivered in late 2015, the company has continuously found ways to develop more fuel efficient and greener aircrafts.</p>
<p>“Honda Aircraft has made valuable contributions to the aviation industry because we are bringing business aviation to a wider range of users. We will continue doing so by delivering new products and services that create new values for our customers as well as the local community,” Yamasaki said.</p>
<p>“We announced a concept project about a year ago to build a new business jet that can fly non-stop from the East Coast to the West Coast. We are working on that and in 2023, we will be able to unveil more details about this new project,” he added.</p>
<p>With the upcoming jet, Yamasaki is confident that even more customers will make their way to Greensboro.</p>',
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'content' => '<p><a href="https://ykkamericas.com/" target="_blank" rel="noopener">YKK Corp. of America</a> has fully embraced its founder Tadao Yoshida’s corporate philosophy “Cycle of Goodness,” which states that no one prospers without rendering benefit to others, particularly the community.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%208-YKK%20America-Jessica%20Cork.jpg" alt="" />
<figcaption class="image-caption">Jessica Kennett Cork, YKK Corp. of America's vice president for community engagement and corporate communications</figcaption>
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<p>“Everything that we do within the company, all of our business activities, all of our engagement with the community is in keeping with that philosophy. Sustainability has always been very important for us,” said Jessica Kennett Cork, YKK Corp. of America’s vice president for community engagement and corporate communications.</p>
<p>YKK has subscribed to the UN’s Sustainable Development Goal to achieve climate neutrality by 2050. It opened its first U.S. office in New York in 1960 and established operations in Georgia in 1970.</p>
<p>“We set up operations here in Georgia because at the time, the textile industry was shifting from the Northeast to the Southeast region of the United States. The founder of the company had a dream of manufacturing in the United States and wanted to establish a vertically integrated manufacturing facility,” Cork said.</p>
<p>“We just continued to expand, grow, and develop a very strong presence in Georgia. All of our companies are headquartered in Georgia now,” she added.</p>
<p>To date, the entire YKK Americas Group employs around 1,500 employees in Georgia and around 4,000 in total in North, Central and South America.</p>
<p>While YKK has become a household name in zippers, the company makes other products with industrial applications for automotive companies, the American military, and the aerospace industry.</p>',
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'description' => 'Foresight and persistence have paid off in Georgia. Started by then governor Jimmy Carter before he was elected to the White House, the state deepened its connections with Japan through the promotion of its extensive assets, business-friendly policies, highly-skilled workforce, all of which appealed to Japanese expatriate communities on both sides.',
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'content' => '<p>Foresight and persistence have paid off in Georgia. Started by then governor Jimmy Carter before he was elected to the White House, the state deepened its connections with Japan through the promotion of its extensive assets, business-friendly policies, highly-skilled workforce, all of which appealed to Japanese expatriate communities on both sides.</p>
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<figcaption class="image-caption">Mitsubishi Electric Trane HVAC US CEO Mark Kuntz</figcaption>
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<p>For 50 years, a rising number of Japanese companies, like YKK, TOTO and Mitsubishi Electric, have selected Georgia as their second home, convinced that the state had the right mix of conditions to ensure success.</p>
<p>“We’ve hit our revenue and profitability targets and last year, we exceeded them dramatically. It was a year in which we grew 34% and saw our market share expand. We’ve built tremendous momentum coming into this year. It’s been a good run and the acceleration seems to continue,” said Mark Kuntz, CEO at <a href="https://www.metahvac.com/" target="_blank" rel="noopener">Mitsubishi Electric Trane HVAC US</a>, a joint venture set up in 2018 between Mitsubishi Electric and Trane Technologies.</p>
<p>It was an “extremely successful” joint venture, according to Kuntz, who pointed out that Trane had the extensive distribution network needed by Mitsubishi Electric to bring its products to homes and commercial spaces but lacked Mitsubishi Electric’s technological expertise in manufacturing heat pumps.</p>
<p>While around half of Mitsubishi Electric’s products find their way into residences spaces through its contractor network, the other half reaches commercial projects, from small office spaces to high-rise buildings because of Trane’s well developed network of engineers and developers of large-scale projects.</p>
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%207-NC%20Japan%20Center-Jonathan%20Brewster.jpeg" alt="" />
<figcaption class="image-caption">Jonathan Brewster, the NC Japan Center's director of global engagement</figcaption>
</figure>
<p>Being located at North Carolina State University, which is "a large land grant institution," the center recognizes “the natural and logical synergies between academics and industry,” said Jonathan Brewster, the NC Japan Center’s director of global engagement. Apart from business and education, the center also promotes cultural relations between state and Japan.</p>
<p>Over the last three years, North Carolina has seen robust growth in various industries, including food production, food sciences, vehicle assembly, automotive parts, electronic equipment, EV battery manufacturing, as well as storage and warehousing.</p>
<p>The strongest performers though have been in the biotechnology and pharmaceuticals sectors, most notable of which are Japanese-owned FUJIFILM Diosynth Biotechnologies and KBI Biopharma Inc., an affiliate of California-based JSR Life Sciences and Japan-based multinational JSR Corp.</p>
<p>It is not suprising to see the emergence of such industries in North Carolina, which benefits from the confluence of prestigious universities and research centers in the state. Brewster hopes this advantage will attract more Japanese students to North Carolina State University, as well as to other top-ranking educational institutions like Duke University and University of North Carolina Chapel Hill.</p>
<p>“Once Japanese students come to North Carolina, they love it here. They’re very well supported. The cost of living is low. The community here is great. North Carolina has so much to offer Japanese businesses, individuals, and families. We are committed and motivated to welcome them with open arms and support their operations in our state,” he said.</p>',
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'description' => 'The Yazaki Group, established in Japan in 1941, was jolted by the global financial meltdown in 2008, which was triggered by the subprime mortgage crisis that led to the bankruptcy of Lehman Brothers. Keen to move forward in entering the American market, Yazaki looked around the United States for a suitable location for its US head office and chose Georgia in 2009.',
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'content' => '<p>The <a href="https://www.yazaki-corp.co.jp/">Yazaki Group</a>, established in Japan in 1941, was jolted by the global financial meltdown in 2008, which was triggered by the subprime mortgage crisis that led to the bankruptcy of Lehman Brothers. Keen to move forward in entering the American market, Yazaki looked around the United States for a suitable location for its US head office and chose Georgia in 2009</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%207-American%20Yazaki%20Corp-Yasuo%20Yazaki.jpg" alt="" />
<figcaption class="image-caption">American Yazaki Corp. President and CEO Yasuo Yazaki</figcaption>
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<p>A manufacturer of plastic mono-layered and multi-layered plastic products, injection molded plastic products and assemblies, Yazaki wanted to be close to its customers and other industry players operating in Georgia, such as Yamaha, Ricoh, Suzuki, Kawasaki, Mitsubishi.</p>
<p>In line with its objective to assist U.S. efforts to go greener, the company has also expanded its products to include fuel tanks that meet EPA and CARB regulations and reduce evaporative emissions from the production of fuel tanks.</p>
<p>“We build their plastic fuel tanks that meet the environmental regulations, as well as a high technology field tank,” American Yazaki Corp. President and CEO Yasuo Yazaki explained about their work for Yamaha and Honda.</p>
<p>Along with fuel tanks, Yazaki also makes toner cartridge bottles for Japan-based imaging company Ricoh.</p>
<p>Although its partnerships are dominated by those with fellow Japanese manufacturers, Yazaki wants to expand its network by partnering with non-Japanese multinational companies.</p>
<p>“I want Japanese companies to understand that there is huge potential in the U.S. There are many industries that are nonexistent even in Japan. For example, we are able to produce over 2 million fuel tanks a year that are used for lawnmowers. We don’t have that industry in Japan,” Yazaki said.</p>
<p>Because of its unyielding commitment to the success of its customers, Yazaki has become a valued supplier to virtually every customer that they supply to in the world. The company remains steadfast in its mission to deliver more quality products and services wherever they are needed in the world.</p>',
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'description' => '"Over 50% of the volume of deals that we are working on are foreign direct investment. Florida operates very much because of its FDI. And investment from our Japanese partners is of paramount importance to us," said Laura DiBella, the deputy secretary of commerce at Enterprise Florida, a private-public partnership that acts as the state's main economic development organization.',
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'content' => '<p>“Over 50% of the volume of deals that we are working on are foreign direct investment. Florida operates very much because of its FDI. And investment from our Japanese partners is of paramount importance to us,” said Laura DiBella, the deputy secretary of commerce at <a href="https://www.enterpriseflorida.com/" target="_blank" rel="noopener">Enterprise Florida</a>, a private-public partnership that acts as the state’s main economic development organization.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-Enterprise%20Florida-Laura-DiBella.jpg" alt="" />
<figcaption class="image-caption">Enterprise Florida Deputy Secretary of Commerce Laura DiBella</figcaption>
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<p>As the 6th-largest foreign direct investor in Florida, Japan contributes around $6 billion worth of capital investment and generates 22,000 jobs for Floridians. As part of long-term plans to strengthen the relationship with Japanese investors and increase international trade, Florida is increasing flights to and from Japan. Enterprise Florida received more than 200 leads from foreign investors considering doing business in our state last year.</p>
<p>Widely popular around the world as a tourism destination, Florida has already seen the number of visitors exceed pre-pandemic levels this year. “Our tourism is doing fantastic,” DiBella said.</p>
<p>DiBella attributes this recent boom in business to the “innovative environment” in the state. Investors, she said, have the freedom to operate their business here, minus the very strict regulatory environments that they perhaps were dealt with previously.</p>
<p>Having overcome the economic uncertainty that pushed Florida to adapt to the oft-quoted new normal, the state has emerged more confident and better equipped to provide a more conducive environment for growth, according to DiBella.</p>
<p>“We are here to expand each other’s economy, not only our own,” she said.</p>',
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'description' => 'Highlighting the presence of the Research Triangle Park and three Tier-1 research universities located within a few minutes from each other (Duke University, North Carolina State University and University of North Carolina Chapel Hill), the Research Triangle Regional Partnership (RTRP) is bent on becoming a top economic center in the state, the country, and the world. ',
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<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-Research%20Triangle%20partnership-Ryan%20Combs.jpg" alt="" />
<figcaption class="image-caption">RTRP Executive Director Ryan Combs</figcaption>
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<p>As an economic development organization, RTRP connects companies looking to expand with government agencies and business organizations in the state, ranked No. 1 by Forbes from 2017 to 2019 as the Best Place for Business. Until its corporate tax regime expires in 2030, North Carolina will have the lowest rates in the country.</p>
<p>Apart from the business-related advantages, the Research Triangle Region is also an ideal place to live.</p>
<p>“From an affordability standpoint, we’re a lot cheaper than a lot of the markets that we go up against, like New York, Boston, and San Francisco,” said RTRP Executive Director Ryan Combs, who also cited a Delta Airlines presentation that named the region as one of the country’s “most recession-proof communities.”</p>
<p>North Carolina has already proven its worth to many foreign multinationals, namely Toyota and HondaJet. Global car giant Toyota has announced plans to build a large battery plant near Greensboro, where HondaJet is expanding its production facility and set up its global headquarters in 2006.</p>
<p>Regarding RTRP’s short-term plans, Combs said the organization will step up its promotion of the Research Triangle Region internationally in order to attract more foreign investments to the area.</p>',
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'content' => '<p>For more than a century, Japan-based TOTO has reinvented the idea of bathroom equipment and redefined people’s relationship with personal hygiene and sanitation. In 1914, company founder Kazuchiko Okura developed the country’s first seated flush toilet.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-TOTO%20USA-William%20Strang.jpeg" alt="" />
<figcaption class="image-caption">William Strang, TOTO USA's president for corporate strategy, e-commerce, and after-sales consumer experience</figcaption>
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<p>Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets, to name a few.</p>
<p>When the Japanese company expanded in the United States in 1996, many were surprised at its choice of Georgia for its first manufacturing site. Thirty-five years later, <a href="https://www.totousa.com/" target="_blank" rel="noopener">TOTO USA</a> has two manufacturing facilities, one large distribution center in the state, aside from its head office in Atlanta.</p>
<p>But, William Strang, TOTO USA’s president for corporate strategy, e-commerce, and after-sales consumer experience pointed out: “Atlanta is an international city with a significant airport that allows you to go virtually anywhere in one hop around the world.”</p>
<p>Since 1998, Hartsfield–Jackson Atlanta International Airport has been the world’s busiest airport in terms of passenger traffic.</p>
<p>At the height of the Covid-19 pandemic, TOTO USA reported a growth in sales as millions of Americans worked from home and found themselves starting home improvement projects, which included upgrades to their bathrooms. Sales rose from its e-commerce platform in Amazon.</p>
<p>Two years since the SARS-CoV-2 outbreak, TOTO has not seen the sales momentum ease.</p>
<p>And the with rising awareness surrounding environmental conversation, TOTO highlights the water conservation technology that its toilets have featured for several decades now.</p>',
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'content' => '<p>It’s been 20 years since Art Basel made its first international debut in <a href="https://www.miamibeachfl.gov/" target="_blank" rel="noopener">Miami Beach</a>. From then on, the tourist hotspot has evolved into a cultural mecca, drawing in world-famous artists and wealthy art collectors. The transformation, in the words of Mayor Dan Gelber, was “incredibly dramatic and defining.</p>
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<p>The privately-run art fair, which runs from December 2 to 5, is organized in collaboration with the city’s local institutions, museums, art galleries and other cultural venues.</p>
<p>Before Art Basel Miami Beach, the city’s economy was dominated by holiday tourism, attracting between 10 to 15 million visitors, local and international, every year. Today, a new breed of visitors enjoy more than the city’s beaches.</p>
<p>Among the most popular cultural venues include the Miami City Ballet, the Bass Museum of Art, the Perez Art Museum Miami, Miami Children’s Museum, and the Frank Gehry-designed New World Center, which hosts the New World Symphony.</p>
<p>Apart from seeing the usual influx of beach lovers and culture vultures, Gebler has noted the post-Covid surge of arrivals from people from across the United States looking to settle in a place that facilitated the better work-life balance.</p>
<p>In South Florida, Miami Beach launched the Arts Force Housing program, which offers housing alternatives for people in the arts sector. The city has also experienced a building boom in commercial and office space to meet rising demand.</p>
<p>“The Class A office issue has always been present in South Florida for decades. But Miami has really put together a critical mass of Class A office spaces, which is why I think so many businesses are moving here,” Gelber told GMI POST.</p>
<p>“That’s been a priority of my city: to create more office space, create more pedestrian- and bike-friendly opportunities, and make the city more accessible to people. I want to foster a sense of community and create a safe and clean city, one that will be best version of Miami Beach in South Florida,” the mayor added.</p>',
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'title' => 'Two largest Japanese investments in North Carolina happened during COVID-19',
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'description' => 'Unfazed by the economic challenges brought by the COVID-19 pandemic, Japanese companies have made significant investments in North Carolina. ',
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'content' => '<p>Unfazed by the economic challenges brought by the COVID-19 pandemic, Japanese companies have made significant investments in North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-1-Honorary-Consul-of-Japan-NC.jpg" alt="" />
<figcaption class="image-caption">David S. Robinson, Honorary Consul of Japan in North Carolina, Chairman of the North Carolina Consular Corps, and international trade attorney at Nexsen Pruet, PLLC</figcaption>
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<p>Global car giant Toyota began construction of a new automotive battery manufacturing plant – Toyota Battery Manufacturing, North Carolina (TBMNC) – in the Greensboro-Randolph Megasite in Liberty, NC. Meanwhile, FUJIFILM Diosynth Biotechnologies announced plans to build its largest manufacturing facility in North America in Holly Springs, a cutting-edge CDMO facility catering to the biotech and pharmaceutical industries.</p>
<p><strong>Despite COVID-19, Japanese companies are still investing in North Carolina</strong></p>
<p><strong> </strong>North Carolina is abundant in natural and human resources, making the state a fertile breeding ground for sustainable energy programs and excellent schools. The overall quality of life is among the reasons Japanese investors choose the southeast region, according to David S. Robinson, the Honorary Consul of Japan in North Carolina, Chairman of the <a href="https://www.ncconsul.org/" target="_blank" rel="noopener">North Carolina Consular Corps</a>, and international trade attorney at <a href="https://www.nexsenpruet.com/professionals-david-s-robinson" target="_blank" rel="noopener">Nexsen Pruet, PLLC</a>.</p>
<p>Robinson also stressed that Japan and North Carolina enjoy fruitful and dynamic business partnerships because of the “Southern hospitality” that welcomes Japanese expats into our communities. </p>
<p>“<strong>We’ve come a long way</strong>,” — Robinson</p>
<p>Traditionally a producer of textiles, tobacco, and furniture, North Carolina is making a global name for itself as an important hub for the biotech, biomanufacturing, information technology, aerospace and pharmaceutical industries.</p>
<p>“Companies are coming here to invest and tap the intellectual resources in our state, and not to manufacture low-value goods. They’re coming here now because there’s a sophisticated workforce in a business-friendly environment that facilitates the development of pharmaceuticals and advanced manufacturing, among other fields” he said.</p>
<p>Aside from the Research Triangle Park area, which has the highest concentration of Japanese investments in the state, according to Robinson, the Charlotte area and other more rural communities are also attracting a growing number of investors from Japan and the rest of the world.</p>
<p>“The ‘I-85 corridor’ from Virginia down to Atlanta, which goes through the Raleigh and Charlotte areas, remains highly attractive to foreign investors due to the easy access to markets, relatively inexpensive operating costs and a talented workforce. This corridor in North Carolina has attracted the likes of HondaJet, Morinaga, and Ajinomoto,” he said.</p>
<p><strong>“I would like to see more foreign exchange students.” </strong></p>
<p>Though there has been a decline in the number of exchange students, Robinson believes many problems are solved through closer partnerships, like the ones North Carolina State University has with Japanese research institutions like Waseda University and Sophia University. The state also has top-ranking Duke University and the University of North Carolina at Chapel Hill, each with excellent language and foreign relations programs.</p>
<p>Aside from having one of the country’s highest concentrations of Ph.D. graduates in the nation, the Raleigh-Durham-Cary area also has one of the most vibrant community college systems in the U.S. Robinson notes that “worker training programs offered by the state’s community colleges can often be a critical incentive for businesses considering an investment in North Carolina.”</p>
<p>Amid the growing popularity of distance learning, which provides its own benefits, Robinson still wants to encourage more physical student exchange programs between Japan and North Carolina.</p>
<p>“There is still no substitute for being in a particular country. It changes perspectives and even lives,” he stressed.</p>
<p><strong>On strengthening the ties between the Carolinas and Japan</strong></p>
<p>With more than 17,000 North Carolinians working for Japanese companies, and Japanese consumers enjoying many products grown and manufactured in North Carolina, the benefits of the cross-cultural exchange in the workplace is invaluable.</p>
<p>“It’s been a wonderful collaboration over the years because we share common fundamentals, like social responsibility and respect for the rule of commercial law. We view business in very similar ways. The collaboration seems to work quite well because we have this mutual foundation,” Robinson said.</p>',
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Two largest Japanese investments in North Carolina happened during COVID-19
Unfazed by the economic challenges brought by the COVID-19 pandemic, Japanese companies have made significant investments in North Carolina.
