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'content' => '<p>Established in 1980, Milan-based <a href="https://www.gimav.it/en/component/tags/tag/vitrum.html" target="_blank" rel="noopener">GIMAV</a> is an association of 65 manufacturers and suppliers of machines, accessories, equipment, and specialized products used in glass processing. The group is led by Fabrizio Cattaneo, who doubles as CEO of VITRUM, the country’s leading biennial glass technologies trade show.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK-3-GIMAV-Vitrum-Cattaneo-2.jpg" alt="" />
<figcaption class="image-caption">Fabrizio Cattaneo, Director of GIMAV and CEO VITRUM</figcaption>
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<p>Cattaneo met with GMI POST to share his insights on the future of Italy’s glass processing and manufacturing industry and how GIMAV supports its members achieve business growth and international expansion. This year, VITRUM 2023 will take place between the 5-8 September in Milan.</p>
<p>“Italy delivers excellence in glass technology. In the USA, many skyscrapers use glass made by Italian technology. We occupy a very high position in terms of technological level and also have a very high global market share. At least 25 percent of the total market of glass technology comes from the Italian industry,” Cattaneo said.</p>
<p>Cattaneo is proud of Italy’s glass production particularly because of the dedication of GIMAV’s members to produce glass products according to any specification of its clients.</p>
<p>“If you to talk about Italy’s glass industry, we achieve excellence. What we have here is not only a business, but a culture. Our art is everything. What we can provide is tailor-made because we always strive to meet all the needs of our customers,” he said.</p>
<p>GIMAV, according to Cattaneo, remains committed to help all their members achieve a global presence through passion and dedication.</p>',
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<p>Panzeri and her team help their clients by promoting their brand, products and activities through digital platforms, social media and organized marketing events, like store openings and product launches. To boost effectivity, the agency can also build a website, create content, produce videos, and manage social media accounts.</p>
<p>Panzeri always believed that a strong online presence added a lot of value to any project, company or brand on an international level. Since the Covid-19 pandemic hit, the value of online presence became even more important. While physical marketing remains important, she saw that digital marketing allows companies to reach all four corners of the globe with much more ease if done properly.</p>
<p>“Japan and Italy are both beautiful countries. We share more things in common than we think. Open your minds, open your eyes, and focus on the similarities. Focusing on the positive, we both have a huge love for food, culture, and nature. Our cultural backgrounds comes from years and years of history. Our minds are more similar than we think,” she said.</p>',
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'content' => '<p>Established in 1970, the <a href="https://jasdfw.org/" target="_blank" rel="noopener">Japan America Society of Dallas/Fort Worth (JASDFW)</a> has nurtured interaction between the Japanese and Americans communities through the promotion of arts and culture, its participation in public policy debates, and the promotion of educational and business opportunities in the region.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%203-Japan%20America%20Society%20Dallas%20Fort%20Worth-Harry%20Whalen.jpg" alt="" />
<figcaption class="image-caption">Japan America Society of Dallas/Fort Worth President Harry C. Whalen</figcaption>
</figure>
<p>JASDW President Harry C. Whalen met with GMI POST to speak about the organization’s brand of service, the region’s business ecosystem, and how JASDW and similar groups are leveraging the region’s advantages to create enduring connections that have a positive socio-economic benefit for the community.</p>
<p>“Diversity and hospitality are integrated into the fabric of our community. Diversity creates opportunities for meaningful friendships and invaluable interactions. Whether with the Japanese, American, or European, our EDCs and cultural societies are constantly in communication with each other and with the companies here,” said Whalen, who believes diversity has boosted innovation in the region</p>
<p>“We are all active and aggressive in maintaining relationships and in providing solutions to companies that are here. If they have staffing expansion plans, how can we make the introductions to appropriate organizations? If they need to move employees from Japan to Texas, how can we assist in helping them get the right documents and resources so they're not just sitting at home?” he added.</p>
<p>The JASDFW, according to Whalen, has organized several events for the entire year designed to promote business and cultural exchange between Japanese and American companies in the region. He also encourages all those interested in the business opportunities in the Dallas/Fort Worth area to reach out to JASDFW.</p>',
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'title' => 'Austin Chamber Chamber of Commerce: How to build a successful startup community',
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'description' => 'Home to more than 25 tech unicorns (startup companies valued at more than $1 billion), the Austin region has become world-famous for its thriving, creative, and innovative startup ecosystem. Determined to maintain its momentum, stakeholders reveal how Austin can establish itself as a global hub of innovative technology.',
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'content' => '<p>Home to more than 25 tech unicorns (startup companies valued at more than $1 billion), the Austin region has become world-famous for its thriving, creative, and innovative startup ecosystem. Determined to maintain its momentum, stakeholders reveal how Austin can establish itself as a global hub of innovative technology.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-3-Austin-Chamber-of-Commerce-Roland-Pena-2.jpg" alt="" />
<figcaption class="image-caption">Roland Peña, Senior Vice President for Global Technology and Innovation for Opportunity Austin and the Greater Austin Chamber of Commerce</figcaption>
</figure>
<p>“The state of the <a href="https://ecosystem.austinchamber.com/intro" target="_blank" rel="noopener">startup ecosystem</a> in Austin is red hot. We are tracking over 3,800 startups and scale-ups in the region,” said Roland Peña, Senior Vice President for Global Technology and Innovation for <a href="https://www.austinchamber.com/about/opportunity-austin" target="_blank" rel="noopener">Opportunity Austin</a> and the <a href="https://www.austinchamber.com/" target="_blank" rel="noopener">Greater Austin Chamber of Commerce</a>.</p>
<p>Ranked No. 25 worldwide in Trailblazers’ list of global startup ecosystems, the Austin region hosts 146 VCs and has seen more than 371 scale-ups across the five-county metro with an aggregate value of more than $128 billion, an all-time high.</p>
<p>According to Peña, diversity and a strong sense of community are driving the region’s impressive performance.</p>
<p>“Companies are very successful here. One of the reasons is because our businesses are focused on how to complement each other, enhance our respective industries, and support the ecosystem so that all businesses thrive,” Peña said.</p>
<p>“This creates an opportunity for innovation and diversified industry sectors and attracts great talent from all over the world. Characteristically and by nature, our businesses care for each other, collaborate, and want to see each other succeed. And I think that's our secret sauce,” he added.</p>',
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'title' => 'What you need to know about San Antonio's $40 billion manufacturing industry.',
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'description' => 'With a history that goes all the way back to settlers from the Canary Islands in the early 1700s, the San Antonio is one of Texas' oldest and important centers of trade and business. For more than three centuries, the city has earned a reputation for excellent manufacturing. ',
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'content' => '<p>With a history that goes all the way back to settlers from the Canary Islands in the early 1700s, the San Antonio is one of Texas’ oldest and important centers of trade and business. For more than three centuries, the city has earned a reputation for excellent manufacturing.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%203-San%20Antonio%20Manufacturers-Dan%20Yoxall.jpg" alt="" />
<figcaption class="image-caption">San Antonio Manufacturer's Association President Dan Yoxall</figcaption>
</figure>
<p>“San Antonio has a very large and diverse manufacturing community. You can find every major sector of U.S. manufacturing in our local economy,” <a href="https://sama-tx.org/" target="_blank" rel="noopener">San Antonio Manufacturer’s Association</a> President Dan Yoxall told GMI POST.</p>
<p>According to SAMA’s figures, San Antonio hosts more than 1,500 manufacturers, which employ more than 50,000 people and contributes at least $40 billion to the state’s economy every year.</p>
<p>“From transportation, aerospace, motor vehicle, to electrical equipment, machinery, and even food and beverage manufacturing, there's a perception that doing business in Texas is more favorable than elsewhere in the U.S.,” said Yoxall, who cites the state’s no income tax, low corporate tax, high availability of land, and strategic location as its advantages.</p>
<p>San Antonio’s easy accessibility to three of the top ten metropolitan areas is also a major draw for manufacturers in Texas.</p>
<p>According to Yoxall, SAMA supports the growth of the local manufacturing community by taking part in public policy discussions, organizing trade shows and networking events, sharing best practices, and providing continuous training and high-quality education for manufacturers and their employees.</p>
<p>When asked what success looks like as president of SAMA, Yoxall said: “Success means more jobs, more economic opportunities for manufacturers, and more great products made here in San Antonio.”</p>
<p>He also said he wanted to raise the profile of San Antonio’s manufacturing sector and increase understanding of the role of technology and data analytics in advanced manufacturing.</p>',
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'id' => '545349',
'title' => 'ICCJ: Opening doors for small and medium-sized businesses in Japan',
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'description' => 'Recently elected president of the Italian Chamber of Commerce in Japan, Rosario Pedicini has committed to further strengthen business ties between Italy and Japan following the huge challenges that resulted from the Covid-19 pandemic. ',
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'content' => '<p>Recently elected president of the <a href="https://iccj.or.jp/">Italian Chamber of Commerce in Japan</a>, Rosario Pedicini has committed to further strengthen business ties between Italy and Japan following the huge challenges that resulted from the Covid-19 pandemic.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%202-Italian%20Chamber%20of%20Commerce-Pedicini.jpg" alt="" />
<figcaption class="image-caption">Rosario Pedicini, Chairman of Italian Chamber of Commerce in Japan</figcaption>
</figure>
<p>“The past two years were very difficult as you can imagine because of the Covid situation. But in 2022, we saw a recovery, I have to say. We, as a chamber, were very good in coping with new situation,” said Pedicini, who has lived in Tokyo since 2019 and credits his subscription to the Japan Times for his clear grasp of Japan’s business landscape.</p>
<p>”We support not only Italian companies coming to Japan, but also Japanese companies going to Italy,” he added.</p>
<p>In operation for more than 50 years, the ICCJ’s main goal is to create business opportunities for its 200-plus Italian members, many of which are small and medium-sized companies that may not have the same inside knowledge and ability to establish connections within the Japanese business community.</p>
<p>Meanwhile, Japanese companies have sought the ICCJ’s help to penetrate industries beyond the “three Fs” (food, fashion, and Ferrari).</p>
<p>“Italy has a lot of small companies. The fact that they are small allows them to be very flexible, even in the production. They are also found in different sectors that are not as known, such as machinery,” said Pedicini, who heads banking group Intesa Sanpaolo’s operations in Japan.</p>
<p>Pedicini has seen among Japanese businesses a keen interest in Italian-made innovation in cars, drones, and solar power technology.</p>',
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'id' => '545350',
'title' => 'World Trade Centers Genoa: Welcoming global business to Italy',
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'description' => 'The birthplace of Christopher Columbus, Genoa in northwestern Italy played a vital role in the discovery of the New World and occupies a prominent place in the history of global trade. The city, the country's sixth-largest, is reasserting its strengths as an ideal location as a business hub. ',
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'content' => '<p>The birthplace of Christopher Columbus, Genoa in northwestern Italy played a vital role in the discovery of the New World and occupies a prominent place in the history of global trade. The city, the country’s sixth-largest, is reasserting its strengths as an ideal location as a business hub.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%202-WTC%20Genoa-Pietro%20Costa.jpg" alt="" />
<figcaption class="image-caption">WTC Genoa Executive Director Pietro Costa</figcaption>
</figure>
<p>“Genoa is located in the region of Liguria. We have France to the west and Tuscany to the east. In the north, we have the Piedmont and Lombardy regions. We have the sea in front. Because of the ports of Savona and La Spezia, we can say that Liguria’s first industry is the port,” said Pietro Costa, managing director of the <a href="https://www.wtc.genova.it/en/" target="_blank" rel="noopener">World Trade Centers Association in Genoa</a>.</p>
<p>“The main activity of WTC Genoa is to help medium-sized companies establish their business abroad. We do a check-up of the company, understand its business, know its size, and dive deep in order to identify the right market and help it reach its goals,” Costa added.</p>
<p>To assist these companies further, WTC Genoa assists in organizing trade shows, setting up booths, and helping them meet potential international investors and partners.</p>
<p>Famous around the world for its locally-produced wine, olive oil, and food, particularly its pesto sauce, Genoa has more than 3,500 businesses located within the vicinity. The port moved 3 million containers of cargo last year and wants to double that number in 2023.</p>
<p>Given its connectivity and infrastructure, Genoa has so much potential, according to Costa, who is excited to bring together Italian business and international companies, especially those from Japan. As a special agency of the local chamber of commerce, WTC Genoa also has access to around 80,000 companies across the region.</p>',
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'title' => 'AMAFOND: Bringing together Italy's strongest metal industries',
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'description' => 'Founded in 1948, AMAFOND (Italian Foundry Suppliers Association) is the country's leading organization that promotes the foundry sector and offers technical, regulatory, economic, and legislative services to its 100 members. Italy's foundry sector ranks second in Europe behind Germany.',
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'content' => '<p>Founded in 1948, <a href="https://www.amafond.it/en/homepage/" target="_blank" rel="noopener">AMAFOND</a> (Italian Foundry Suppliers Association) is the country’s leading organization that promotes the foundry sector and offers technical, regulatory, economic, and legislative services to its 100 members. Italy’s foundry sector ranks second in Europe behind Germany.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%202-Amafond-Riccardo%20Ferrario.jpg" alt="" />
<figcaption class="image-caption">AMAFOND President Riccardo Ferrario</figcaption>
</figure>
<p>“AMAFOND is the Italian association of companies that supply equipment and materials to the foundry business, in other words, suppliers of aluminum and cast iron. In order to be part of AMAFOND, you must have activity in Italy. So, we are an Italian association that represents Italian suppliers,” AMAFOND President Riccardo Ferrario told GMI POST.</p>
<p>“Although Italy is famous for pizza and beautiful tourist sights, we are also very strong in heavy industries, specifically in the north. So, heavy industries, metal foundries, heavy machinery – these old but important sectors – are located here,” he added.</p>
<p>Since assuming the presidency of AMAFOND, Ferrairo has focused on publicizing information to help its members, as well as providing them with the support needed to grow both locally and internationally.</p>
<p>Asked how these companies can thrive and succeed in the future, Ferrario believes that passion to grow and eagerness to innovate are vital.</p>
<p>“If you want to grow and want to expand, then you must leverage on innovation, not on price,” he stressed.</p>',
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'title' => 'NextDecade seals partnership with the Itochu Corp. to deliver LNG from Texas to Japan',
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'description' => 'In an auspicious start of the new year, Houston-based NextDecade Corp. announced in January its first long-term deal with a Japanese company, a 15-year sale and purchase agreement with general trading company Itochu Corp.',
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'url' => 'nextdecade-seals-partnership-with-the-itochu-corp-to-deliver-lng-from-texas-to-japan',
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'content' => '<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-2-Nexdecade-Schatzman.jpg" alt="" />
<figcaption class="image-caption">NextDecade Chairman and CEO Matt Schatzman</figcaption>
</figure>
<p>In an auspicious start of the new year, Houston-based <a href="https://www.next-decade.com/" target="_blank" rel="noopener">NextDecade Corp.</a> announced in January its first long-term deal with a Japanese company, a 15-year sale and purchase agreement with general trading company Itochu Corp.</p>
<p>Chairman and CEO Matt Schatzman said this is a milestone for the company and is excited to begin supplying Itochu and its customers with LNG from its planned liquefied natural gas terminal in Texas.</p>
<p>This is the second supply agreement that NextDecade signed with an Asian client in less than a month. Last December, Singapore's ENN LNG revised its previous agreement with NextDecade to increase deliveries by 33%.</p>
<p>Under its 15-year agreement with one of the world’s largest <em>sogo shosha</em>, NextDecade will provide Itochu Corp. with 48.7 billion cubic feet of LNG every year.</p>
<p>To date, the United States is the world’s second-biggest exporter of LNG with 10.6 billion cubic feet per day (bcfd). According to data from Statista, around half of U.S. LNG exports come from the state of Texas.</p>',
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'title' => 'Toyota, Paralympic gold medalist Alana Nichols highlight child passenger safety',
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'description' => 'To mark Passenger Safety Week last September, Toyota USA teamed up with three-time Paralympic Gold Medalist Alana Nichols to highlight the importance of child passenger safety in vehicles. ',
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'url' => 'toyota-paralympic-gold-medalist-alana-nichols-highlight-child-passenger-safety',
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'content' => '<p>To mark Passenger Safety Week last September, <a href="https://www.toyota.com/">Toyota USA</a> teamed up with three-time Paralympic Gold Medalist Alana Nichols to highlight the importance of child passenger safety in vehicles.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-2-Toyota-Child-Safety-Alana-Nichols.jpg" alt="" />
<figcaption class="image-caption">Paralympian and Team Toyota athlete Alana Nichols</figcaption>
</figure>
<p>In the <a href="https://www.youtube.com/watch?v=ZeFJZ9IGHmI">YouTube video</a>, the wheelchair basketball player stressed that only one on every four car seats are installed correctly. “It’s important for people to know there is a program available, Buckle Up for Life, that can help ensure your car seat is installed correctly,” she said.</p>
<p>In 2004, Toyota teamed up with Cincinnati Children’s Hospital Medical Center to create <a href="https://www.buckleupforlife.org/">Buckle Up for Life</a>, a community-based passenger safety education program with the goal of making every car ride safe for every child by empowering and educating all families and caregivers around the U.S. about safe travels.</p>
<p>Buckle Up for Life is composed of certified child passenger safety experts that include Toyota safety engineers, Cincinnati Children's Hospital Medical Center trauma surgeons, child passenger safety technicians, and researchers.</p>
<p>Through its various community events and online resources, Buckle Up for Life helps parents and caregivers find the right seats for their children and teaches them how to install and use those seats properly. The organization also provides in-person assistance through local partner agencies.</p>
<p>“Buckle Up for Life strives to ensure families have the resources and education they need to keep their children safe on the road,” said Keith Jones, Strategic Partnerships and Mobility Senior Manager for Toyota Motor North America, who added that Nichols’ video will be shared with Toyota’s customers partners across the United States.</p>
<p>As of writing, Buckle Up for Life has reached more than 180,000 families, collaborated with over 600 community organizations in nearly 250 cities nationwide, and donated more than 86,568 car seats.</p>',
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'id' => '545339',
'title' => 'The leading reasons global companies have chosen Texas',
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'description' => 'Hosting more than 1,745 foreign corporations, including global giants like Toyota, QatarEnergy, Mitsubishi, Samsung, and Schneider Electric, the state of Texas has asserted its status as a leading center of international business over the last several years.
GMI POST has found the answer to why are the world's biggest companies investing in Texas even during periods of economic uncertainty. ',
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'content' => '<p>Hosting more than 1,745 foreign corporations, including global giants like Toyota, QatarEnergy, Mitsubishi, Samsung, and Schneider Electric, the state of Texas has asserted its status as a leading center of international business over the last several years.</p>
<p>GMI POST has found the answer to why are the world’s biggest companies investing in Texas even during periods of economic uncertainty.</p>
<p><strong>Texas is a gateway to global trade</strong></p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%201-Top%20reasons%20to%20move%20to%20Texas-Dallas%20Texas.jpeg" alt="" />
<figcaption class="image-caption">
<p>One of Texas’ top business centers, Dallas is known as the state’s financial capital and offers many tax incentives to companies that set up in the city.</p>
</figcaption>
</figure>
<p>The state’s strategic location in the center of North America is further strengthened by its well-developed transportation and logistical infrastructure. Texas provides businesses with direct access to international trade.</p>
<p>Texas has 11 deep water ports, 24 commercial airports, 34 free trade zones, as well as an extensive network of public roads, highways, and freight railways.</p>
<p><strong>On the state level, there is no personal or corporate income tax</strong></p>
<p>Texas has created a very welcoming business climate, as evidences by a host of incentives, favorable tax and regulatory structures, and strong workforce, making it one of the most cost-effective states for businesses.</p>
<p>To increase its attractiveness, the state provides various tax exemptions for the manufacturing of machinery and equipment, as well as natural gas and electricity consumption for manufacturing, processing, and private building.</p>
<p><strong>Texas invests continuously in growth and innovation</strong></p>
<p>Apart from spending on new infrastructure projects, roadway projects, Texas continuously invests in technological innovation, making it one of the country’s leading centers for research and development. In 2021, it led the United States in high tech exports for the 9th straight year, selling a total of $50.5 billion to the rest of the world.</p>
<p>By providing accessible opportunities, support, and innovative solutions, Texas is thriving as a global business center and convincing companies around the world that the state is a smart investment.</p>',
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'description' => 'With more than 17,000 tech firms and home to at least 25 unicorn startup companies, including the world-famous dating app Bumble and global employment website Indeed, Texas is swiftly becoming a global innovation and tech startup hub.
GMI POST looks into the state's thriving startup ecosystem and the factors contributing to its growth. ',
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'content' => '<p>With more than 17,000 tech firms and home to at least 25 unicorn startup companies, including the world-famous dating app Bumble and global employment website Indeed, Texas is swiftly becoming a global innovation and tech startup hub.</p>
<p>GMI POST looks into the state’s thriving startup ecosystem and the factors contributing to its growth.</p>
<p><strong>Strong entrepreneurial spirit</strong></p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%201-Startups-Austin.jpeg" alt="" />
<figcaption class="image-caption">Austin, Texas has attracted the bulk of VC funding in Texas.</figcaption>
</figure>
<p>According to data from Founder Institute, the world's largest pre-seed startup accelerator, entrepreneurs from Texas have the highest emotional stability based on a survey pooled from more than 30,000 entrepreneurs in more than 100 cities worldwide.</p>
<p>Particularly when compared to their peers in other U.S. tech hubs, Texans have scored 16% higher on Emotional Stability than their counterparts in Silicon Valley, 14% higher than those in New York, 19% higher than in Los Angeles, and 12.7% higher than in Boston.</p>
<p><strong> </strong><strong>Favorable business environment</strong></p>
<p>Miami-based fintech company WalletHub names Texas as the best place to start a business based on the number of highly-skilled and engaged workers available in the state. From 2021 to 2022, the number of small businesses grew 11%.</p>
<p>WalletHub also cites Texas’ lower cost of living relative to the East and West Coasts, affordable office spaces, and its geographical location as factors that make the Lone Star State ideal for building a new business.</p>
<p><strong> </strong><strong>A broad set of local capital partners</strong></p>
<p>Houston alone has 151 venture capitalist funds. Meanwhile, Austin, which has 117 VCs, held more than 144 funding rounds last year. With more investors and mentors setting up shop in Texas, startups have benefitted from a stronger support system to grow further and drive innovation.</p>
<p>One thing is clear: Texas's tech startup scene is on the rise — really fast. From attracting merely $2.87 billion in total venture capital in 2011 to a record-breaking $10.55 billion in 2021, the state is building a global reputation as the place to be for tech and innovation.</p>',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'description' => 'Tokyo-based trading giant ITOCHU secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'description' => 'Belgium-based supplier of semiconductor solutions Melexis has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Melexis.jpg" alt="" />
<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
</figure>
<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
</figure>
<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'description' => 'Ontario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" />
<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
<p>“The National University Centre for Trauma represents decades of efforts in refining our trauma care expertise for our injured patients to return to their lives and achieve their dreams. It also aims to prevent trauma from occurring in the first place with data-driven injury prevention efforts,” said <strong>National University Centre for Trauma Director Raj Menon.</strong></p>
<p>In line with this, the hospital has rolled out a multi-disciplinary clinic that provides services for recovering trauma patients and conducts meetings to enhance care, rehabilitation, and psychosocial recovery pathways.</p>
<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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GMI POST has found the answer to why are the world's biggest companies investing in Texas even during periods of economic uncertainty. ',
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<p>GMI POST has found the answer to why are the world’s biggest companies investing in Texas even during periods of economic uncertainty.</p>
<p><strong>Texas is a gateway to global trade</strong></p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%201-Top%20reasons%20to%20move%20to%20Texas-Dallas%20Texas.jpeg" alt="" />
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<p>One of Texas’ top business centers, Dallas is known as the state’s financial capital and offers many tax incentives to companies that set up in the city.</p>
</figcaption>
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<p>The state’s strategic location in the center of North America is further strengthened by its well-developed transportation and logistical infrastructure. Texas provides businesses with direct access to international trade.</p>
<p>Texas has 11 deep water ports, 24 commercial airports, 34 free trade zones, as well as an extensive network of public roads, highways, and freight railways.</p>
<p><strong>On the state level, there is no personal or corporate income tax</strong></p>
<p>Texas has created a very welcoming business climate, as evidences by a host of incentives, favorable tax and regulatory structures, and strong workforce, making it one of the most cost-effective states for businesses.</p>
<p>To increase its attractiveness, the state provides various tax exemptions for the manufacturing of machinery and equipment, as well as natural gas and electricity consumption for manufacturing, processing, and private building.</p>
<p><strong>Texas invests continuously in growth and innovation</strong></p>
<p>Apart from spending on new infrastructure projects, roadway projects, Texas continuously invests in technological innovation, making it one of the country’s leading centers for research and development. In 2021, it led the United States in high tech exports for the 9th straight year, selling a total of $50.5 billion to the rest of the world.</p>
<p>By providing accessible opportunities, support, and innovative solutions, Texas is thriving as a global business center and convincing companies around the world that the state is a smart investment.</p>',
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<p>Cattaneo met with GMI POST to share his insights on the future of Italy’s glass processing and manufacturing industry and how GIMAV supports its members achieve business growth and international expansion. This year, VITRUM 2023 will take place between the 5-8 September in Milan.</p>
<p>“Italy delivers excellence in glass technology. In the USA, many skyscrapers use glass made by Italian technology. We occupy a very high position in terms of technological level and also have a very high global market share. At least 25 percent of the total market of glass technology comes from the Italian industry,” Cattaneo said.</p>
<p>Cattaneo is proud of Italy’s glass production particularly because of the dedication of GIMAV’s members to produce glass products according to any specification of its clients.</p>
<p>“If you to talk about Italy’s glass industry, we achieve excellence. What we have here is not only a business, but a culture. Our art is everything. What we can provide is tailor-made because we always strive to meet all the needs of our customers,” he said.</p>
<p>GIMAV, according to Cattaneo, remains committed to help all their members achieve a global presence through passion and dedication.</p>',
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'id' => '545358',
'title' => 'Navigating the digital divide between Japan and Italy',
'description_old' => null,
'description' => 'The Milan-based creative agency Japan Italy Bridge is confident it has the communication and marketing expertise needed by Italian brands that want to make a big splash in Japan, as well as Japanese brands that want to break into Italy. ',
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'content' => '<p>The Milan-based creative agency <a href="https://www.japanitalybridge.com/?lang=en" target="_blank" rel="noopener">Japan Italy Bridge</a> is confident it has the communication and marketing expertise needed by Italian brands that want to make a big splash in Japan, as well as Japanese brands that want to break into Italy.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%203-Japan-Italy-Bridge-Erika-Panzeri.jpg" alt="" />
<figcaption class="image-caption">Japan Italy Bridge Founder Erika Panzeri</figcaption>
</figure>
<p>“Japan and Italy are very similar on many levels. I like to say that we are two pieces of the same puzzle. We are a perfect fit because where Italy is weaker, Japan is stronger; and where Japan is weaker, Italy is stronger. By working together, we can enhance each other,” Japan Italy Bridge Founder Erika Panzeri told GMI POST.</p>
<p>Panzeri and her team help their clients by promoting their brand, products and activities through digital platforms, social media and organized marketing events, like store openings and product launches. To boost effectivity, the agency can also build a website, create content, produce videos, and manage social media accounts.</p>
<p>Panzeri always believed that a strong online presence added a lot of value to any project, company or brand on an international level. Since the Covid-19 pandemic hit, the value of online presence became even more important. While physical marketing remains important, she saw that digital marketing allows companies to reach all four corners of the globe with much more ease if done properly.</p>
<p>“Japan and Italy are both beautiful countries. We share more things in common than we think. Open your minds, open your eyes, and focus on the similarities. Focusing on the positive, we both have a huge love for food, culture, and nature. Our cultural backgrounds comes from years and years of history. Our minds are more similar than we think,” she said.</p>',
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'title' => 'The Japan America Society of Dallas/Fort Worth knows why diversity is important',
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'description' => 'Established in 1970, the Japan America Society of Dallas/Fort Worth (JASDFW) has nurtured interaction between the Japanese and Americans communities through the promotion of arts and culture, its participation in public policy debates, and the promotion of educational and business opportunities in the region.',
'credit_id' => '48',
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'url' => 'the-japan-america-society-of-dallasfort-worth-knows-why-diversity-is-important',
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'content' => '<p>Established in 1970, the <a href="https://jasdfw.org/" target="_blank" rel="noopener">Japan America Society of Dallas/Fort Worth (JASDFW)</a> has nurtured interaction between the Japanese and Americans communities through the promotion of arts and culture, its participation in public policy debates, and the promotion of educational and business opportunities in the region.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%203-Japan%20America%20Society%20Dallas%20Fort%20Worth-Harry%20Whalen.jpg" alt="" />
<figcaption class="image-caption">Japan America Society of Dallas/Fort Worth President Harry C. Whalen</figcaption>
</figure>
<p>JASDW President Harry C. Whalen met with GMI POST to speak about the organization’s brand of service, the region’s business ecosystem, and how JASDW and similar groups are leveraging the region’s advantages to create enduring connections that have a positive socio-economic benefit for the community.</p>
<p>“Diversity and hospitality are integrated into the fabric of our community. Diversity creates opportunities for meaningful friendships and invaluable interactions. Whether with the Japanese, American, or European, our EDCs and cultural societies are constantly in communication with each other and with the companies here,” said Whalen, who believes diversity has boosted innovation in the region</p>
<p>“We are all active and aggressive in maintaining relationships and in providing solutions to companies that are here. If they have staffing expansion plans, how can we make the introductions to appropriate organizations? If they need to move employees from Japan to Texas, how can we assist in helping them get the right documents and resources so they're not just sitting at home?” he added.</p>
<p>The JASDFW, according to Whalen, has organized several events for the entire year designed to promote business and cultural exchange between Japanese and American companies in the region. He also encourages all those interested in the business opportunities in the Dallas/Fort Worth area to reach out to JASDFW.</p>',
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'title' => 'Austin Chamber Chamber of Commerce: How to build a successful startup community',
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'description' => 'Home to more than 25 tech unicorns (startup companies valued at more than $1 billion), the Austin region has become world-famous for its thriving, creative, and innovative startup ecosystem. Determined to maintain its momentum, stakeholders reveal how Austin can establish itself as a global hub of innovative technology.',
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'content' => '<p>Home to more than 25 tech unicorns (startup companies valued at more than $1 billion), the Austin region has become world-famous for its thriving, creative, and innovative startup ecosystem. Determined to maintain its momentum, stakeholders reveal how Austin can establish itself as a global hub of innovative technology.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-3-Austin-Chamber-of-Commerce-Roland-Pena-2.jpg" alt="" />
<figcaption class="image-caption">Roland Peña, Senior Vice President for Global Technology and Innovation for Opportunity Austin and the Greater Austin Chamber of Commerce</figcaption>
</figure>
<p>“The state of the <a href="https://ecosystem.austinchamber.com/intro" target="_blank" rel="noopener">startup ecosystem</a> in Austin is red hot. We are tracking over 3,800 startups and scale-ups in the region,” said Roland Peña, Senior Vice President for Global Technology and Innovation for <a href="https://www.austinchamber.com/about/opportunity-austin" target="_blank" rel="noopener">Opportunity Austin</a> and the <a href="https://www.austinchamber.com/" target="_blank" rel="noopener">Greater Austin Chamber of Commerce</a>.</p>
<p>Ranked No. 25 worldwide in Trailblazers’ list of global startup ecosystems, the Austin region hosts 146 VCs and has seen more than 371 scale-ups across the five-county metro with an aggregate value of more than $128 billion, an all-time high.</p>
<p>According to Peña, diversity and a strong sense of community are driving the region’s impressive performance.</p>
<p>“Companies are very successful here. One of the reasons is because our businesses are focused on how to complement each other, enhance our respective industries, and support the ecosystem so that all businesses thrive,” Peña said.</p>
<p>“This creates an opportunity for innovation and diversified industry sectors and attracts great talent from all over the world. Characteristically and by nature, our businesses care for each other, collaborate, and want to see each other succeed. And I think that's our secret sauce,” he added.</p>',
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'title' => 'What you need to know about San Antonio's $40 billion manufacturing industry.',
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'description' => 'With a history that goes all the way back to settlers from the Canary Islands in the early 1700s, the San Antonio is one of Texas' oldest and important centers of trade and business. For more than three centuries, the city has earned a reputation for excellent manufacturing. ',
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'content' => '<p>With a history that goes all the way back to settlers from the Canary Islands in the early 1700s, the San Antonio is one of Texas’ oldest and important centers of trade and business. For more than three centuries, the city has earned a reputation for excellent manufacturing.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%203-San%20Antonio%20Manufacturers-Dan%20Yoxall.jpg" alt="" />
<figcaption class="image-caption">San Antonio Manufacturer's Association President Dan Yoxall</figcaption>
</figure>
<p>“San Antonio has a very large and diverse manufacturing community. You can find every major sector of U.S. manufacturing in our local economy,” <a href="https://sama-tx.org/" target="_blank" rel="noopener">San Antonio Manufacturer’s Association</a> President Dan Yoxall told GMI POST.</p>
<p>According to SAMA’s figures, San Antonio hosts more than 1,500 manufacturers, which employ more than 50,000 people and contributes at least $40 billion to the state’s economy every year.</p>
<p>“From transportation, aerospace, motor vehicle, to electrical equipment, machinery, and even food and beverage manufacturing, there's a perception that doing business in Texas is more favorable than elsewhere in the U.S.,” said Yoxall, who cites the state’s no income tax, low corporate tax, high availability of land, and strategic location as its advantages.</p>
<p>San Antonio’s easy accessibility to three of the top ten metropolitan areas is also a major draw for manufacturers in Texas.</p>
<p>According to Yoxall, SAMA supports the growth of the local manufacturing community by taking part in public policy discussions, organizing trade shows and networking events, sharing best practices, and providing continuous training and high-quality education for manufacturers and their employees.</p>
<p>When asked what success looks like as president of SAMA, Yoxall said: “Success means more jobs, more economic opportunities for manufacturers, and more great products made here in San Antonio.”</p>
<p>He also said he wanted to raise the profile of San Antonio’s manufacturing sector and increase understanding of the role of technology and data analytics in advanced manufacturing.</p>',
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'id' => '545349',
'title' => 'ICCJ: Opening doors for small and medium-sized businesses in Japan',
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'description' => 'Recently elected president of the Italian Chamber of Commerce in Japan, Rosario Pedicini has committed to further strengthen business ties between Italy and Japan following the huge challenges that resulted from the Covid-19 pandemic. ',
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'url' => 'iccj-opening-doors-for-small-and-medium-sized-businesses-in-japan',
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'content' => '<p>Recently elected president of the <a href="https://iccj.or.jp/">Italian Chamber of Commerce in Japan</a>, Rosario Pedicini has committed to further strengthen business ties between Italy and Japan following the huge challenges that resulted from the Covid-19 pandemic.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%202-Italian%20Chamber%20of%20Commerce-Pedicini.jpg" alt="" />
<figcaption class="image-caption">Rosario Pedicini, Chairman of Italian Chamber of Commerce in Japan</figcaption>
</figure>
<p>“The past two years were very difficult as you can imagine because of the Covid situation. But in 2022, we saw a recovery, I have to say. We, as a chamber, were very good in coping with new situation,” said Pedicini, who has lived in Tokyo since 2019 and credits his subscription to the Japan Times for his clear grasp of Japan’s business landscape.</p>
<p>”We support not only Italian companies coming to Japan, but also Japanese companies going to Italy,” he added.</p>
<p>In operation for more than 50 years, the ICCJ’s main goal is to create business opportunities for its 200-plus Italian members, many of which are small and medium-sized companies that may not have the same inside knowledge and ability to establish connections within the Japanese business community.</p>
<p>Meanwhile, Japanese companies have sought the ICCJ’s help to penetrate industries beyond the “three Fs” (food, fashion, and Ferrari).</p>
<p>“Italy has a lot of small companies. The fact that they are small allows them to be very flexible, even in the production. They are also found in different sectors that are not as known, such as machinery,” said Pedicini, who heads banking group Intesa Sanpaolo’s operations in Japan.</p>
<p>Pedicini has seen among Japanese businesses a keen interest in Italian-made innovation in cars, drones, and solar power technology.</p>',
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'id' => '545350',
'title' => 'World Trade Centers Genoa: Welcoming global business to Italy',
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'description' => 'The birthplace of Christopher Columbus, Genoa in northwestern Italy played a vital role in the discovery of the New World and occupies a prominent place in the history of global trade. The city, the country's sixth-largest, is reasserting its strengths as an ideal location as a business hub. ',
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'content' => '<p>The birthplace of Christopher Columbus, Genoa in northwestern Italy played a vital role in the discovery of the New World and occupies a prominent place in the history of global trade. The city, the country’s sixth-largest, is reasserting its strengths as an ideal location as a business hub.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%202-WTC%20Genoa-Pietro%20Costa.jpg" alt="" />
<figcaption class="image-caption">WTC Genoa Executive Director Pietro Costa</figcaption>
</figure>
<p>“Genoa is located in the region of Liguria. We have France to the west and Tuscany to the east. In the north, we have the Piedmont and Lombardy regions. We have the sea in front. Because of the ports of Savona and La Spezia, we can say that Liguria’s first industry is the port,” said Pietro Costa, managing director of the <a href="https://www.wtc.genova.it/en/" target="_blank" rel="noopener">World Trade Centers Association in Genoa</a>.</p>
<p>“The main activity of WTC Genoa is to help medium-sized companies establish their business abroad. We do a check-up of the company, understand its business, know its size, and dive deep in order to identify the right market and help it reach its goals,” Costa added.</p>
<p>To assist these companies further, WTC Genoa assists in organizing trade shows, setting up booths, and helping them meet potential international investors and partners.</p>
<p>Famous around the world for its locally-produced wine, olive oil, and food, particularly its pesto sauce, Genoa has more than 3,500 businesses located within the vicinity. The port moved 3 million containers of cargo last year and wants to double that number in 2023.</p>
<p>Given its connectivity and infrastructure, Genoa has so much potential, according to Costa, who is excited to bring together Italian business and international companies, especially those from Japan. As a special agency of the local chamber of commerce, WTC Genoa also has access to around 80,000 companies across the region.</p>',
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'title' => 'AMAFOND: Bringing together Italy's strongest metal industries',
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'description' => 'Founded in 1948, AMAFOND (Italian Foundry Suppliers Association) is the country's leading organization that promotes the foundry sector and offers technical, regulatory, economic, and legislative services to its 100 members. Italy's foundry sector ranks second in Europe behind Germany.',
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'content' => '<p>Founded in 1948, <a href="https://www.amafond.it/en/homepage/" target="_blank" rel="noopener">AMAFOND</a> (Italian Foundry Suppliers Association) is the country’s leading organization that promotes the foundry sector and offers technical, regulatory, economic, and legislative services to its 100 members. Italy’s foundry sector ranks second in Europe behind Germany.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/2023-JT-ITALY-NLs-WK%202-Amafond-Riccardo%20Ferrario.jpg" alt="" />
<figcaption class="image-caption">AMAFOND President Riccardo Ferrario</figcaption>
</figure>
<p>“AMAFOND is the Italian association of companies that supply equipment and materials to the foundry business, in other words, suppliers of aluminum and cast iron. In order to be part of AMAFOND, you must have activity in Italy. So, we are an Italian association that represents Italian suppliers,” AMAFOND President Riccardo Ferrario told GMI POST.</p>
<p>“Although Italy is famous for pizza and beautiful tourist sights, we are also very strong in heavy industries, specifically in the north. So, heavy industries, metal foundries, heavy machinery – these old but important sectors – are located here,” he added.</p>
<p>Since assuming the presidency of AMAFOND, Ferrairo has focused on publicizing information to help its members, as well as providing them with the support needed to grow both locally and internationally.</p>
<p>Asked how these companies can thrive and succeed in the future, Ferrario believes that passion to grow and eagerness to innovate are vital.</p>
<p>“If you want to grow and want to expand, then you must leverage on innovation, not on price,” he stressed.</p>',
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'title' => 'NextDecade seals partnership with the Itochu Corp. to deliver LNG from Texas to Japan',
'description_old' => null,
'description' => 'In an auspicious start of the new year, Houston-based NextDecade Corp. announced in January its first long-term deal with a Japanese company, a 15-year sale and purchase agreement with general trading company Itochu Corp.',
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<figcaption class="image-caption">NextDecade Chairman and CEO Matt Schatzman</figcaption>
</figure>
<p>In an auspicious start of the new year, Houston-based <a href="https://www.next-decade.com/" target="_blank" rel="noopener">NextDecade Corp.</a> announced in January its first long-term deal with a Japanese company, a 15-year sale and purchase agreement with general trading company Itochu Corp.</p>
<p>Chairman and CEO Matt Schatzman said this is a milestone for the company and is excited to begin supplying Itochu and its customers with LNG from its planned liquefied natural gas terminal in Texas.</p>
<p>This is the second supply agreement that NextDecade signed with an Asian client in less than a month. Last December, Singapore's ENN LNG revised its previous agreement with NextDecade to increase deliveries by 33%.</p>
<p>Under its 15-year agreement with one of the world’s largest <em>sogo shosha</em>, NextDecade will provide Itochu Corp. with 48.7 billion cubic feet of LNG every year.</p>
<p>To date, the United States is the world’s second-biggest exporter of LNG with 10.6 billion cubic feet per day (bcfd). According to data from Statista, around half of U.S. LNG exports come from the state of Texas.</p>',
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'title' => 'Toyota, Paralympic gold medalist Alana Nichols highlight child passenger safety',
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'description' => 'To mark Passenger Safety Week last September, Toyota USA teamed up with three-time Paralympic Gold Medalist Alana Nichols to highlight the importance of child passenger safety in vehicles. ',
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'content' => '<p>To mark Passenger Safety Week last September, <a href="https://www.toyota.com/">Toyota USA</a> teamed up with three-time Paralympic Gold Medalist Alana Nichols to highlight the importance of child passenger safety in vehicles.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK-2-Toyota-Child-Safety-Alana-Nichols.jpg" alt="" />
<figcaption class="image-caption">Paralympian and Team Toyota athlete Alana Nichols</figcaption>
</figure>
<p>In the <a href="https://www.youtube.com/watch?v=ZeFJZ9IGHmI">YouTube video</a>, the wheelchair basketball player stressed that only one on every four car seats are installed correctly. “It’s important for people to know there is a program available, Buckle Up for Life, that can help ensure your car seat is installed correctly,” she said.</p>
<p>In 2004, Toyota teamed up with Cincinnati Children’s Hospital Medical Center to create <a href="https://www.buckleupforlife.org/">Buckle Up for Life</a>, a community-based passenger safety education program with the goal of making every car ride safe for every child by empowering and educating all families and caregivers around the U.S. about safe travels.</p>
<p>Buckle Up for Life is composed of certified child passenger safety experts that include Toyota safety engineers, Cincinnati Children's Hospital Medical Center trauma surgeons, child passenger safety technicians, and researchers.</p>
<p>Through its various community events and online resources, Buckle Up for Life helps parents and caregivers find the right seats for their children and teaches them how to install and use those seats properly. The organization also provides in-person assistance through local partner agencies.</p>
<p>“Buckle Up for Life strives to ensure families have the resources and education they need to keep their children safe on the road,” said Keith Jones, Strategic Partnerships and Mobility Senior Manager for Toyota Motor North America, who added that Nichols’ video will be shared with Toyota’s customers partners across the United States.</p>
<p>As of writing, Buckle Up for Life has reached more than 180,000 families, collaborated with over 600 community organizations in nearly 250 cities nationwide, and donated more than 86,568 car seats.</p>',
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'title' => 'The leading reasons global companies have chosen Texas',
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'description' => 'Hosting more than 1,745 foreign corporations, including global giants like Toyota, QatarEnergy, Mitsubishi, Samsung, and Schneider Electric, the state of Texas has asserted its status as a leading center of international business over the last several years.
GMI POST has found the answer to why are the world's biggest companies investing in Texas even during periods of economic uncertainty. ',
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'content' => '<p>Hosting more than 1,745 foreign corporations, including global giants like Toyota, QatarEnergy, Mitsubishi, Samsung, and Schneider Electric, the state of Texas has asserted its status as a leading center of international business over the last several years.</p>
<p>GMI POST has found the answer to why are the world’s biggest companies investing in Texas even during periods of economic uncertainty.</p>
<p><strong>Texas is a gateway to global trade</strong></p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%201-Top%20reasons%20to%20move%20to%20Texas-Dallas%20Texas.jpeg" alt="" />
<figcaption class="image-caption">
<p>One of Texas’ top business centers, Dallas is known as the state’s financial capital and offers many tax incentives to companies that set up in the city.</p>
</figcaption>
</figure>
<p>The state’s strategic location in the center of North America is further strengthened by its well-developed transportation and logistical infrastructure. Texas provides businesses with direct access to international trade.</p>
<p>Texas has 11 deep water ports, 24 commercial airports, 34 free trade zones, as well as an extensive network of public roads, highways, and freight railways.</p>
<p><strong>On the state level, there is no personal or corporate income tax</strong></p>
<p>Texas has created a very welcoming business climate, as evidences by a host of incentives, favorable tax and regulatory structures, and strong workforce, making it one of the most cost-effective states for businesses.</p>
<p>To increase its attractiveness, the state provides various tax exemptions for the manufacturing of machinery and equipment, as well as natural gas and electricity consumption for manufacturing, processing, and private building.</p>
<p><strong>Texas invests continuously in growth and innovation</strong></p>
<p>Apart from spending on new infrastructure projects, roadway projects, Texas continuously invests in technological innovation, making it one of the country’s leading centers for research and development. In 2021, it led the United States in high tech exports for the 9th straight year, selling a total of $50.5 billion to the rest of the world.</p>
<p>By providing accessible opportunities, support, and innovative solutions, Texas is thriving as a global business center and convincing companies around the world that the state is a smart investment.</p>',
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'title' => 'The Lone Startup State: Texas' growing tech community',
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'description' => 'With more than 17,000 tech firms and home to at least 25 unicorn startup companies, including the world-famous dating app Bumble and global employment website Indeed, Texas is swiftly becoming a global innovation and tech startup hub.
GMI POST looks into the state's thriving startup ecosystem and the factors contributing to its growth. ',
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'content' => '<p>With more than 17,000 tech firms and home to at least 25 unicorn startup companies, including the world-famous dating app Bumble and global employment website Indeed, Texas is swiftly becoming a global innovation and tech startup hub.</p>
<p>GMI POST looks into the state’s thriving startup ecosystem and the factors contributing to its growth.</p>
<p><strong>Strong entrepreneurial spirit</strong></p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%201-Startups-Austin.jpeg" alt="" />
<figcaption class="image-caption">Austin, Texas has attracted the bulk of VC funding in Texas.</figcaption>
</figure>
<p>According to data from Founder Institute, the world's largest pre-seed startup accelerator, entrepreneurs from Texas have the highest emotional stability based on a survey pooled from more than 30,000 entrepreneurs in more than 100 cities worldwide.</p>
<p>Particularly when compared to their peers in other U.S. tech hubs, Texans have scored 16% higher on Emotional Stability than their counterparts in Silicon Valley, 14% higher than those in New York, 19% higher than in Los Angeles, and 12.7% higher than in Boston.</p>
<p><strong> </strong><strong>Favorable business environment</strong></p>
<p>Miami-based fintech company WalletHub names Texas as the best place to start a business based on the number of highly-skilled and engaged workers available in the state. From 2021 to 2022, the number of small businesses grew 11%.</p>
<p>WalletHub also cites Texas’ lower cost of living relative to the East and West Coasts, affordable office spaces, and its geographical location as factors that make the Lone Star State ideal for building a new business.</p>
<p><strong> </strong><strong>A broad set of local capital partners</strong></p>
<p>Houston alone has 151 venture capitalist funds. Meanwhile, Austin, which has 117 VCs, held more than 144 funding rounds last year. With more investors and mentors setting up shop in Texas, startups have benefitted from a stronger support system to grow further and drive innovation.</p>
<p>One thing is clear: Texas's tech startup scene is on the rise — really fast. From attracting merely $2.87 billion in total venture capital in 2011 to a record-breaking $10.55 billion in 2021, the state is building a global reputation as the place to be for tech and innovation.</p>',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
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<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
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<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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'title' => 'The leading reasons global companies have chosen Texas',
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'description' => 'Hosting more than 1,745 foreign corporations, including global giants like Toyota, QatarEnergy, Mitsubishi, Samsung, and Schneider Electric, the state of Texas has asserted its status as a leading center of international business over the last several years.
GMI POST has found the answer to why are the world's biggest companies investing in Texas even during periods of economic uncertainty. ',
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'content' => '<p>Hosting more than 1,745 foreign corporations, including global giants like Toyota, QatarEnergy, Mitsubishi, Samsung, and Schneider Electric, the state of Texas has asserted its status as a leading center of international business over the last several years.</p>
<p>GMI POST has found the answer to why are the world’s biggest companies investing in Texas even during periods of economic uncertainty.</p>
<p><strong>Texas is a gateway to global trade</strong></p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters%202023/JT-2023-NL-Texas-WK%201-Top%20reasons%20to%20move%20to%20Texas-Dallas%20Texas.jpeg" alt="" />
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<p>One of Texas’ top business centers, Dallas is known as the state’s financial capital and offers many tax incentives to companies that set up in the city.</p>
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<p>The state’s strategic location in the center of North America is further strengthened by its well-developed transportation and logistical infrastructure. Texas provides businesses with direct access to international trade.</p>
<p>Texas has 11 deep water ports, 24 commercial airports, 34 free trade zones, as well as an extensive network of public roads, highways, and freight railways.</p>
<p><strong>On the state level, there is no personal or corporate income tax</strong></p>
<p>Texas has created a very welcoming business climate, as evidences by a host of incentives, favorable tax and regulatory structures, and strong workforce, making it one of the most cost-effective states for businesses.</p>
<p>To increase its attractiveness, the state provides various tax exemptions for the manufacturing of machinery and equipment, as well as natural gas and electricity consumption for manufacturing, processing, and private building.</p>
<p><strong>Texas invests continuously in growth and innovation</strong></p>
<p>Apart from spending on new infrastructure projects, roadway projects, Texas continuously invests in technological innovation, making it one of the country’s leading centers for research and development. In 2021, it led the United States in high tech exports for the 9th straight year, selling a total of $50.5 billion to the rest of the world.</p>
<p>By providing accessible opportunities, support, and innovative solutions, Texas is thriving as a global business center and convincing companies around the world that the state is a smart investment.</p>',
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The leading reasons global companies have chosen Texas
Hosting more than 1,745 foreign corporations, including global giants like Toyota, QatarEnergy, Mitsubishi, Samsung, and Schneider Electric, the st...
