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<figcaption class="image-caption">South Western Kentucky Economic Development Council Executive Director Carter Hendricks</figcaption>
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<p>Unfazed by these disasters, state officials immediately went back to work, focused on a collective commitment to revive the economy and rebuild lives. In doing so, Kentucky has generated serious interest from various investors.</p>
<p><a href="https://southwesternky.com/">South Western Kentucky Economic Development Council</a> Executive Director Carter Hendricks has stepped up efforts to promote the competitive advantages of the region and vowed to be very responsive to the needs of every sector and investor, both existing and prospective.</p>
<p>“Our Japanese industry sector is very important to us and we would love to meet with the company headquarters that are currently located here, but also with new companies that may be considering operations in the North American market,” Hendricks said.</p>
<p>In October, Gov. Andy Beshear broke ground on the manufacturing facility of Ascend Elements in Hopkinsville in South Western Kentucky. Ascend Elements produces advanced battery materials from valuable elements reclaimed from spent lithium-ion batteries.</p>
<p>Hendricks stressed that Ascend’s move to the Kentucky will showcase the state’s preparedness to accommodate the fast-growing electric vehicle sector.</p>
<p>“In the last 12 to 18 months, we've had a lot of project activity. It has been very fortunate that we have many companies that are either investing or reinvesting here with several active industry expansions. We've had a good year, and as it's looking right now, the next several months are going to be just as busy and hopefully just as productive,” he added.</p>',
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<p>“Serbia is a very good place to invest because the country is a gateway, both to the east and to the west. Serbia’s laws are up to EU standards and under Serbian law, foreign investors are entitled to use their own laws in their commercial dealings,” said Popovic, who mentions that several foreign multinationals were drawn to the country because of its huge pool of highly-skilled workers and hospitable locals.</p>
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'content' => '<p>Established in 1985, <a href="https://www.termoinzenjering.com/en/" target="_blank" rel="noopener">Termoinzenjering</a> has made a reputation as one of Serbia's leading construction and energy companies. Their main scope as a general contractor includes designing, building and developing many industrial factories and public buildings across the country.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK%205-Termoinzenjering.jpg" alt="" />
<figcaption class="image-caption">Termoinzenjering Deputy Director Nikola Miletic</figcaption>
</figure>
<p>"From the beginning, we were searching for the most interesting and demanding projects with the main focus on the industry", Deputy Director Nikola Miletic told GMI POST.</p>
<p>Employing more than 60 civil, mechanical and electrical engineers, technicians and industry experts, the company boasts a broad portfolio of completed projects that include pharmaceutical industries, food manufacturing facilities, data and technology hubs, automotive factories, and commercial and administrative complexes, all of them built to globally-set standards. Their success can be verified by repetitive clients, such as Michelin, Cooper Tire, Nestle, PharmaSwiss, and Trelleborg.</p>
<p>According to Miletic, Termoinzenjering's goal is to be considered a reliable partner to domestic and foreign companies, which is why it goes above and beyond for its clients in terms of helping them set up their facilities in Serbia. Aside from construction and technical design, it also helps obtain building permits, facilitates procedures, and provides local market insights.</p>
<p>"Our main goal is supporting our clients to establish in Serbia. By developing facilities focused on the process's needs, we make projects sustainable, allowing our clients to make new investments", said Miletic, who expressed his readiness to meet with any company from any part of the world that wishes to set up in Serbia.</p>',
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'id' => '545315',
'title' => 'Florida: A safe haven for foreign investment',
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'description' => '"Over 50% of the volume of deals that we are working on are foreign direct investment. Florida operates very much because of its FDI. And investment from our Japanese partners is of paramount importance to us," said Laura DiBella, the deputy secretary of commerce at Enterprise Florida, a private-public partnership that acts as the state's main economic development organization.',
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'url' => 'florida-a-safe-haven-for-foreign-investment',
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'content' => '<p>“Over 50% of the volume of deals that we are working on are foreign direct investment. Florida operates very much because of its FDI. And investment from our Japanese partners is of paramount importance to us,” said Laura DiBella, the deputy secretary of commerce at <a href="https://www.enterpriseflorida.com/" target="_blank" rel="noopener">Enterprise Florida</a>, a private-public partnership that acts as the state’s main economic development organization.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-Enterprise%20Florida-Laura-DiBella.jpg" alt="" />
<figcaption class="image-caption">Enterprise Florida Deputy Secretary of Commerce Laura DiBella</figcaption>
</figure>
<p>As the 6th-largest foreign direct investor in Florida, Japan contributes around $6 billion worth of capital investment and generates 22,000 jobs for Floridians. As part of long-term plans to strengthen the relationship with Japanese investors and increase international trade, Florida is increasing flights to and from Japan. Enterprise Florida received more than 200 leads from foreign investors considering doing business in our state last year.</p>
<p>Widely popular around the world as a tourism destination, Florida has already seen the number of visitors exceed pre-pandemic levels this year. “Our tourism is doing fantastic,” DiBella said.</p>
<p>DiBella attributes this recent boom in business to the “innovative environment” in the state. Investors, she said, have the freedom to operate their business here, minus the very strict regulatory environments that they perhaps were dealt with previously.</p>
<p>Having overcome the economic uncertainty that pushed Florida to adapt to the oft-quoted new normal, the state has emerged more confident and better equipped to provide a more conducive environment for growth, according to DiBella.</p>
<p>“We are here to expand each other’s economy, not only our own,” she said.</p>',
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'id' => '545316',
'title' => 'Why North Carolina's Research Triangle Region is "recession-proof"',
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'description' => 'Highlighting the presence of the Research Triangle Park and three Tier-1 research universities located within a few minutes from each other (Duke University, North Carolina State University and University of North Carolina Chapel Hill), the Research Triangle Regional Partnership (RTRP) is bent on becoming a top economic center in the state, the country, and the world. ',
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'url' => 'why-north-carolinas-research-triangle-region-is-recession-proof',
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'content' => '<p>Highlighting the presence of the Research Triangle Park and three Tier-1 research universities located within a few minutes from each other (Duke University, North Carolina State University and University of North Carolina Chapel Hill), the <a href="https://www.researchtriangle.org/" target="_blank" rel="noopener">Research Triangle Regional Partnership (RTRP)</a> is bent on becoming a top economic center in the state, the country, and the world.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-Research%20Triangle%20partnership-Ryan%20Combs.jpg" alt="" />
<figcaption class="image-caption">RTRP Executive Director Ryan Combs</figcaption>
</figure>
<p>As an economic development organization, RTRP connects companies looking to expand with government agencies and business organizations in the state, ranked No. 1 by Forbes from 2017 to 2019 as the Best Place for Business. Until its corporate tax regime expires in 2030, North Carolina will have the lowest rates in the country.</p>
<p>Apart from the business-related advantages, the Research Triangle Region is also an ideal place to live.</p>
<p>“From an affordability standpoint, we’re a lot cheaper than a lot of the markets that we go up against, like New York, Boston, and San Francisco,” said RTRP Executive Director Ryan Combs, who also cited a Delta Airlines presentation that named the region as one of the country’s “most recession-proof communities.”</p>
<p>North Carolina has already proven its worth to many foreign multinationals, namely Toyota and HondaJet. Global car giant Toyota has announced plans to build a large battery plant near Greensboro, where HondaJet is expanding its production facility and set up its global headquarters in 2006.</p>
<p>Regarding RTRP’s short-term plans, Combs said the organization will step up its promotion of the Research Triangle Region internationally in order to attract more foreign investments to the area.</p>',
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'id' => '545317',
'title' => 'TOTO USA: Once a luxury, now a necessity ',
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'description' => 'For more than a century, Japan-based TOTO has reinvented the idea of bathroom equipment and redefined people's relationship with personal hygiene and sanitation. In 1914, company founder Kazuchiko Okura developed the country's first seated flush toilet.
Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets.',
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'content' => '<p>For more than a century, Japan-based TOTO has reinvented the idea of bathroom equipment and redefined people’s relationship with personal hygiene and sanitation. In 1914, company founder Kazuchiko Okura developed the country’s first seated flush toilet.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-TOTO%20USA-William%20Strang.jpeg" alt="" />
<figcaption class="image-caption">William Strang, TOTO USA's president for corporate strategy, e-commerce, and after-sales consumer experience</figcaption>
</figure>
<p>Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets, to name a few.</p>
<p>When the Japanese company expanded in the United States in 1996, many were surprised at its choice of Georgia for its first manufacturing site. Thirty-five years later, <a href="https://www.totousa.com/" target="_blank" rel="noopener">TOTO USA</a> has two manufacturing facilities, one large distribution center in the state, aside from its head office in Atlanta.</p>
<p>But, William Strang, TOTO USA’s president for corporate strategy, e-commerce, and after-sales consumer experience pointed out: “Atlanta is an international city with a significant airport that allows you to go virtually anywhere in one hop around the world.”</p>
<p>Since 1998, Hartsfield–Jackson Atlanta International Airport has been the world’s busiest airport in terms of passenger traffic.</p>
<p>At the height of the Covid-19 pandemic, TOTO USA reported a growth in sales as millions of Americans worked from home and found themselves starting home improvement projects, which included upgrades to their bathrooms. Sales rose from its e-commerce platform in Amazon.</p>
<p>Two years since the SARS-CoV-2 outbreak, TOTO has not seen the sales momentum ease.</p>
<p>And the with rising awareness surrounding environmental conversation, TOTO highlights the water conservation technology that its toilets have featured for several decades now.</p>',
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'id' => '545318',
'title' => 'Tuscaloosa County, AL: All set for the next phase of growth',
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'description' => 'Only three months at the helm of Tuscaloosa County Economic Development Authority (TCEDA), Justice Smyth says Tuscaloosa County in Alabama is a place where people can gain access to many tools and resources needed to build a successful business while also enjoying an incredibly high quality of life. ',
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'content' => '<p>Only three months at the helm of <a href="https://tcoeda.com/" target="_blank" rel="noopener">Tuscaloosa County Economic Development Authority</a> (TCEDA), Justice Smyth says Tuscaloosa County in Alabama is a place where people can gain access to many tools and resources needed to build a successful business while also enjoying an incredibly high quality of life.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH%20USA-NL-WK%207-Tuscaloosa%20County%20Economic%20Development%20Authority-Justice%20Smyth.jpg" alt="" />
<figcaption class="image-caption">Tuscaloosa County Economic Development Authority Executive Director Justice Smyth</figcaption>
</figure>
<p>As executive director of the organization, Smyth has a holistic approach to development. In addition to promoting Tuscaloosa County as an ideal place to locate a business, he is committed to forming partnerships with community stakeholders for the purpose of improving housing, education, healthcare, and recreation facilities in the county.</p>
<p>“Tuscaloosa has all the right ingredients for business to succeed,” he said. “Here you’ll find a talented and dedicated workforce, a favorable regulatory environment, low costs of living and doing business, supportive elected officials, and community leaders who are committed to taking Tuscaloosa to the next level.” </p>
<p>Tuscaloosa County is also home to the University of Alabama, which recently garnered the much-coveted Carnegie R-1 classification for research universities which represents very high research activity.</p>
<p>Smyth believes this designation is a “game changer” in terms of the county’s ability to attract high tech, high paying, high skilled jobs. “Businesses will have an opportunity to benefit from the world-class research being conducted at UA and have access to a workforce pipeline of top-tier graduates that are produced by the institution year after year,” he said.</p>
<p>TCEDA aims to build the local economy through strategic growth, engaging in traditional industrial development as well as an increased focus on positioning Tuscaloosa County as a leader in the knowledge economy. “While we will continue to support our existing industries, particularly those in the manufacturing sector, we see a real opportunity to diversify the local economy through innovation and sustainable growth,” Smyth said.</p>',
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'title' => 'Huntsville/Madison County, AL: Ready for another lift-off',
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'description' => 'Located in Madison County in northern Alabama, Huntsville is the state's most populous city and played a special role in the country's history. Nicknamed "The Rocket City," Huntsville was the site of the launch of the country's first space satellite, Explorer 1. Unsurprisingly, the city boasts the highest concentration of engineers.',
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'content' => '<p>In pursuit of more cost-efficient locations with friendlier business policies, a growing number of Japanese companies have transferred their operations to the Southern states, like Alabama, having determined that lower costs do not necessarily mean a compromise in productivity or quality.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH%20USA-NL-WK%207-Huntsville%20Madison%20Chamber%20of%20Commerce-Chip%20Cherry.jpeg" alt="" />
<figcaption class="image-caption">Chip Cherry, president and CEO of the Huntsville/Madison County Chamber</figcaption>
</figure>
<p>Located in Madison County in northern Alabama, Huntsville is the state’s most populous city and played a special role in the country’s history. Nicknamed “The Rocket City,” Huntsville was the site of the launch of the country’s first space satellite, Explorer 1. Unsurprisingly, the city boasts the highest concentration of engineers.</p>
<p>“We occupy a unique space in the United States ecosystem. We have a very long history with international companies and a unique relationship with the Japanese and the European space agencies. We work in the aerospace side, the automotive side, and the genomic research side,” said Chip Cherry, president and CEO of the <a href="https://hsvchamber.org/" target="_blank" rel="noopener">Huntsville/Madison County Chamber</a>.</p>
<p>“We are not just a one trick pony. We are not just involved in the automotive side, which is also something we are very proud of. The core foundation of our local economy are companies and processes that involve a lot of engineering,” added Cherry, who is also secretary of the Huntsville Industrial Development Board.</p>
<p>However, Vice President for Marketing and Communications Claire Aiello pointed out Huntsville’s relationship with Japan extends beyond business. As corporate citizens of the city, Japanese businesses have made donations to schools and various non-profit organizations in their own communities.</p>
<p>“Regardless of what business our Japanese partners are in, we are honored to have them here and value the relationship we have with Japan. We share a lot of similarities with our Japanese partners, like cultural values and pride in our own histories,” Cherry said.</p>',
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'id' => '545320',
'title' => 'ASIT: Bringing in the global elite of IT',
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'description' => 'ASIT, or the Association for Computing, Informatics, Telecommunications, is Serbia's leading information technology organization behind some of the country's most successful and well-attended IT-related conferences and exhibitions.',
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'content' => '<p><a href="https://www.asit.rs/about-us/" target="_blank" rel="noopener">ASIT, or the Association for Computing, Informatics, Telecommunications</a>, is Serbia’s leading information technology organization behind some of the country’s most successful and well-attended IT-related conferences and exhibitions.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK%206-ASIT-Mirkovic.jpg" alt="" />
<figcaption class="image-caption">ASIT President and Legal Representative Nikola Mirkovic</figcaption>
</figure>
<p>“For more than 40 years, ASIT has been at the forefront of presenting the latest scientific and professional achievements in the field of information technology,” ASIT President and Legal Representative Nikola Mirkovic told GMI POST.</p>
<p>Mirkovic pointed out it was ASIT which established industry standards of computer technologies in Serbia and in Southeast Europe and worked with global leaders like Microsoft, Oracle, and Huawei.</p>
<p>ASIT organizes three major conferences every year: Technobank, Infotech, and Smart e-Government. Each one focuses on a specific aspect of information technology and features guest lecturers from all over the world who get to present their latest products, services, ideas, and case studies.</p>
<p>The Technobank Conference tackles on solutions and innovation in the banking industry, while Smart-eGovernment focuses on the digitalization of government. InfoTech, on the other hand, highlights new information and communication technologies in the public sector and security.</p>
<p>Asked about why Serbia is the ideal host for these global IT conferences, Mirkovic stressed that the basic information technology has been deeply integrated into Serbia’s education system. According to Eurostat, computer science is a compulsory subject in Serbia for first graders, while basic programming and data-analysis are introduced as early as the third grade.</p>
<p>For interested participants and exhibitors to ASIT’s upcoming events, the next Technobank conference is set for 29-30 March 2023 at the Crown Plaza in Belgrade. while the next Smart eGovernment conference will be on the 23 November 2023 at the Hyatt Regency Hotel also in Belgrade. Its next Infotech will take place on June 7, 2023 at Hotel Izvor in Arandjelovac.</p>',
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'id' => '545303',
'title' => 'MG Group HR Services: All about top talent and meaningful connections',
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'description' => 'Serving both local and multinational companies in Serbia for more than 17 years, MG Group HR Services has set the standard in the country's human resources industry, providing seamless recruitment, finding efficient support staff and formulating world-class management solutions.',
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'content' => '<p>Serving both local and multinational companies in Serbia for more than 17 years, <a href="https://www.mggrouphr.com/en/" target="_blank" rel="noopener">MG Group HR Services </a>has set the standard in the country’s human resources industry, providing seamless recruitment, finding efficient support staff and formulating world-class management solutions.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-4-MG-Group-HR-Services-Nedimovic.jpg" alt="" />
<figcaption class="image-caption">MG Group HR Services CEO Danijela Nedimovic</figcaption>
</figure>
<p>“MG Group is one of the top HR agencies in Serbia for employment. Our two main services are the recruitment and selection of candidates for different job positions from blue collar to white collar positions, as well as staff leasing, which covers completing work contracts to taking care of monthly payroll and payments to employees who work for our clients,” MG Group HR Services CEO Danijela Nedimovic told GMI POST.</p>
<p>Today, MG Group HR Services has a database of more than 30,000 candidates for every position across various industries. To guarantee timely recruitment results, the company has a strong network of associates in every major city in Serbia. According to Nedimovic, MG Group HR Services is the one of the recruitment and staffing agencies licensed by Serbia’s Ministry of Labor.</p>
<p>Lending complementary support to its clients in Serbia, MG Group also provides other services, such as HR administration, payroll accounting, psychological testing, and labor law-related consulting, among others.</p>
<p>“From time to time, we do other services, like market research in the area of HR services for new foreign companies that plan to come into the Serbian market,” said Nedimovic, who added that the company has recruited and selected employees for Japanese multinationals in the country, particularly in the automotive and manufacturing sectors.</p>
<p>On the current trends in the country, MG Group HR Services has expanded its support of information technology companies through BPO services amid the accelerated growth of the IT sector in Serbia right now, according to Nedimovic.</p>
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'title' => 'BD2P reveals why global brands are trooping to Serbia',
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'description' => 'With more than a decade of extensive experience, Serbian law firm Bojovic Draskovic Popovic & Partners (BD2P) has built a reputation both as a knowledgeable source of legal advice, as well as a trusted, long-term business partner by clients from around the world.',
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'content' => '<p>With more than a decade of extensive experience, Serbian law firm <a href="https://www.bd2p.com/en/" target="_blank" rel="noopener">Bojovic Draskovic Popovic & Partners (BD2P)</a> has built a reputation both as a knowledgeable source of legal advice, as well as a trusted, long-term business partner by clients from around the world.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-4-BD2P-Draskovic.jpg" alt="" />
<figcaption class="image-caption">BD2P Partner Vuk Draskovic</figcaption>
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<p>“The majority of our clients are international clients,” said Partner Vuk Draskovic, who pointed out that the law firm has become the first stop for foreign enterprises wanting to establish operations in the local market.</p>
<p>Among BD2P’s long-standing clients are Germany’s Adidas and South Korea’s Samsung. To further boost its international credentials, it recently advised India-based global tech company Pactera EDGE and, according to Draskovic, worked with a Japanese law firm on a data protection case for car giant Toyota.</p>
<p>Asked about BD2P’s interest in acquiring more Japanese clients, Draskovic replied: (Japan) is of course one of the leading economies in the world. So, we are very interested,” adding he sees many business opportunities in the future with Japanese companies already in Serbia.</p>
<p>“Serbia is a very good destination. The country is always trying to bring more and more foreign investments,” stressed Draskovic, who highlights the government’s wide variety of investment incentives, strategic location, top-notch workforce, and safe business environment.</p>
<p>As more foreign companies choose Serbia for its European hub, BD2P is focused on adding them to their roster of clients and providing them with world-class legal advice and services.</p>',
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'description' => 'In the global hospitality industry, big is not necessarily better. In the past several years, the trend for cozier properties and customized services has grown so popular that many giant chains have acquired boutique hotels or unveiled new brands to attract this new breed of traveler seeking the proverbial home away from home.',
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'content' => '<p>In the global hospitality industry, big is not necessarily better. In the past several years, the trend for cozier properties and customized services has grown so popular that many giant chains have acquired boutique hotels or unveiled new brands to attract this new breed of traveler seeking the proverbial home away from home.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-4-Townhouse-27-Cohergne.jpg" alt="" />
<figcaption class="image-caption">Townhouse 27 General Manager and Executive Director Tatjana Cohergne</figcaption>
</figure>
<p>With only 21 rooms, <a href="http://townhouse27.com/" target="_blank" rel="noopener">Townhouse 27</a> exudes exclusivity. Located in the Serbian capital Belgrade, the boutique hotel has outranked its local rivals twice its size and been ranked the top hotel in Serbia by many groups in recent years.</p>
<p>“You come as a guest; you leave as a friend. Because we only have 21 rooms, we have time to dedicate ourselves to each guest. Every guest gets a small surprise treat in their room each day,” Townhouse 27 General Manager and Executive Director Tatjana Cohergne told GMI POST.</p>
<p>Cohergne attributes Townhouse 27’s success to its “personalized, human-touch type of service that bigger hotels can’t provide.” She added: “We know every guest by name, where they’re from, their food preferences. These things make a difference in providing impeccable service. That’s our competitive advantage. To us, our guests are not just a number.”</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-4-Townhouse-27-Entrance.jpg" alt="" />
<figcaption class="image-caption">The inviting entrance of Townhouse 27 in Belgrade</figcaption>
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<p>She also pointed out that Townhouse 27’s brand of service comes naturally as it reflects the Serbian personality.</p>
<p>“Hospitality is part of Serbia’s culture. We are a very welcoming people,” said Cohergne, who shared that more than 95% of the hotel’s guests are from Northern and Western Europe, and the United States. She hopes to welcome more guests from Southeast Asia.</p>
<p>“Belgrade is worth visiting,” said Cohergne, who wants everyone to experience Serbia’s culture, art, and the warmth of its people.</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>
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<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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<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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<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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<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>
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<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>
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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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<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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<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>
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<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>
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<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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Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets.',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-TOTO%20USA-William%20Strang.jpeg" alt="" />
<figcaption class="image-caption">William Strang, TOTO USA's president for corporate strategy, e-commerce, and after-sales consumer experience</figcaption>
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<p>Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets, to name a few.</p>
<p>When the Japanese company expanded in the United States in 1996, many were surprised at its choice of Georgia for its first manufacturing site. Thirty-five years later, <a href="https://www.totousa.com/" target="_blank" rel="noopener">TOTO USA</a> has two manufacturing facilities, one large distribution center in the state, aside from its head office in Atlanta.</p>
<p>But, William Strang, TOTO USA’s president for corporate strategy, e-commerce, and after-sales consumer experience pointed out: “Atlanta is an international city with a significant airport that allows you to go virtually anywhere in one hop around the world.”</p>
<p>Since 1998, Hartsfield–Jackson Atlanta International Airport has been the world’s busiest airport in terms of passenger traffic.</p>
<p>At the height of the Covid-19 pandemic, TOTO USA reported a growth in sales as millions of Americans worked from home and found themselves starting home improvement projects, which included upgrades to their bathrooms. Sales rose from its e-commerce platform in Amazon.</p>
<p>Two years since the SARS-CoV-2 outbreak, TOTO has not seen the sales momentum ease.</p>
<p>And the with rising awareness surrounding environmental conversation, TOTO highlights the water conservation technology that its toilets have featured for several decades now.</p>',
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'description' => 'Kentucky's economy has been through quite a battering over the last two years. Just as life had started to normalize following a crippling lockdown caused by the Covid-19 pandemic, the state suffered historic tornadoes in Western Kentucky and damaging flash floods that swept away homes and displaced thousands of people in the eastern Kentucky in October.
Unfazed by these disasters, state officials immediately went back to work, focused on a collective commitment to revive the economy and rebuild lives. ',
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'content' => '<p>Kentucky’s economy has been through quite a battering over the last two years. Just as life had started to normalize following a crippling lockdown caused by the Covid-19 pandemic, the state suffered historic tornadoes in Western Kentucky and damaging flash floods that swept away homes and displaced thousands of people in the eastern Kentucky in October.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH%20USA-NL-WK%208-SW%20Kentucky-Carter%20Hendricks.jpeg" alt="" />
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<p>Unfazed by these disasters, state officials immediately went back to work, focused on a collective commitment to revive the economy and rebuild lives. In doing so, Kentucky has generated serious interest from various investors.</p>
<p><a href="https://southwesternky.com/">South Western Kentucky Economic Development Council</a> Executive Director Carter Hendricks has stepped up efforts to promote the competitive advantages of the region and vowed to be very responsive to the needs of every sector and investor, both existing and prospective.</p>
<p>“Our Japanese industry sector is very important to us and we would love to meet with the company headquarters that are currently located here, but also with new companies that may be considering operations in the North American market,” Hendricks said.</p>
<p>In October, Gov. Andy Beshear broke ground on the manufacturing facility of Ascend Elements in Hopkinsville in South Western Kentucky. Ascend Elements produces advanced battery materials from valuable elements reclaimed from spent lithium-ion batteries.</p>
<p>Hendricks stressed that Ascend’s move to the Kentucky will showcase the state’s preparedness to accommodate the fast-growing electric vehicle sector.</p>
<p>“In the last 12 to 18 months, we've had a lot of project activity. It has been very fortunate that we have many companies that are either investing or reinvesting here with several active industry expansions. We've had a good year, and as it's looking right now, the next several months are going to be just as busy and hopefully just as productive,” he added.</p>',
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'section_summary' => 'Kentucky's economy has been through quite a battering over the last two years. Just as life had started to normalize following a crippling lockdown caused by the Covid-19 pandemic, the state suffered historic tornadoes in Western Kentucky and damaging flash floods that swept away homes and displaced thousands of people in the eastern Kentucky in October.
Unfazed by these disasters, state officials immediately went back to work, focused on a collective commitment to revive the economy and rebuild lives. ',
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'id' => '545312',
'title' => 'Jankovic Popovic Mitic: Experience. Expertise. Excellence ',
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'description' => 'Founded in 1991, Jankovic Popovic Mitic (JPM) is the oldest commercial law firm in Serbia and serves some of the country's biggest domestic businesses and foreign multinational companies operating in the country and Southeastern Europe. Senior Partner Nenad Popovic tells GMI POST how the full-service firm makes the move to Serbia smoother for foreign investors.',
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'content' => '<p>Founded in 1991, <a href="https://www.jpm.rs/" target="_blank" rel="noopener">Jankovic Popovic Mitic (JPM</a>) is the oldest commercial law firm in Serbia and serves some of the country’s biggest domestic businesses and foreign multinational companies operating in the country and Southeastern Europe. Senior Partner Nenad Popovic tells GMI POST how the full-service firm makes the move to Serbia smoother for foreign investors.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK%205-JPM-Senior%20Partner%20Nenad%20Popovic.JPG" alt="" />
<figcaption class="image-caption">Jankovic Popovic Mitic Senior Partner Nenad Popovic</figcaption>
</figure>
<p>“We are not only a commercial law firm,” said Popovic, who highlights that JPM also provides its international clients with key insights on the local market and formulates innovative solutions for every industry, from energy, banking, transport, manufacturing and telecommunications. Recent reports, including those from the National Bank of Serbia and the Development Agency of Serbia (RAS), have indicated a steady rise in foreign investments in the country.</p>
<p>“Serbia is a very good place to invest because the country is a gateway, both to the east and to the west. Serbia’s laws are up to EU standards and under Serbian law, foreign investors are entitled to use their own laws in their commercial dealings,” said Popovic, who mentions that several foreign multinationals were drawn to the country because of its huge pool of highly-skilled workers and hospitable locals.</p>
<p>JPM, according to Popovic, is ready to serve foreign multinationals by understanding all their business needs and give them clear, effective advice on breaking new ground in Serbia.</p>',
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'id' => '545313',
'title' => 'Termoinzenjering: 37 years of building solid foundations',
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'description' => 'Established in 1985, Termoinzenjering has made a reputation as one of Serbia's leading construction and energy companies. Their main scope as a general contractor includes designing, building and developing many industrial factories and public buildings across the country.',
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'content' => '<p>Established in 1985, <a href="https://www.termoinzenjering.com/en/" target="_blank" rel="noopener">Termoinzenjering</a> has made a reputation as one of Serbia's leading construction and energy companies. Their main scope as a general contractor includes designing, building and developing many industrial factories and public buildings across the country.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK%205-Termoinzenjering.jpg" alt="" />
<figcaption class="image-caption">Termoinzenjering Deputy Director Nikola Miletic</figcaption>
</figure>
<p>"From the beginning, we were searching for the most interesting and demanding projects with the main focus on the industry", Deputy Director Nikola Miletic told GMI POST.</p>
<p>Employing more than 60 civil, mechanical and electrical engineers, technicians and industry experts, the company boasts a broad portfolio of completed projects that include pharmaceutical industries, food manufacturing facilities, data and technology hubs, automotive factories, and commercial and administrative complexes, all of them built to globally-set standards. Their success can be verified by repetitive clients, such as Michelin, Cooper Tire, Nestle, PharmaSwiss, and Trelleborg.</p>
<p>According to Miletic, Termoinzenjering's goal is to be considered a reliable partner to domestic and foreign companies, which is why it goes above and beyond for its clients in terms of helping them set up their facilities in Serbia. Aside from construction and technical design, it also helps obtain building permits, facilitates procedures, and provides local market insights.</p>
<p>"Our main goal is supporting our clients to establish in Serbia. By developing facilities focused on the process's needs, we make projects sustainable, allowing our clients to make new investments", said Miletic, who expressed his readiness to meet with any company from any part of the world that wishes to set up in Serbia.</p>',
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'title' => 'Florida: A safe haven for foreign investment',
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'description' => '"Over 50% of the volume of deals that we are working on are foreign direct investment. Florida operates very much because of its FDI. And investment from our Japanese partners is of paramount importance to us," said Laura DiBella, the deputy secretary of commerce at Enterprise Florida, a private-public partnership that acts as the state's main economic development organization.',
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'content' => '<p>“Over 50% of the volume of deals that we are working on are foreign direct investment. Florida operates very much because of its FDI. And investment from our Japanese partners is of paramount importance to us,” said Laura DiBella, the deputy secretary of commerce at <a href="https://www.enterpriseflorida.com/" target="_blank" rel="noopener">Enterprise Florida</a>, a private-public partnership that acts as the state’s main economic development organization.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-Enterprise%20Florida-Laura-DiBella.jpg" alt="" />
<figcaption class="image-caption">Enterprise Florida Deputy Secretary of Commerce Laura DiBella</figcaption>
</figure>
<p>As the 6th-largest foreign direct investor in Florida, Japan contributes around $6 billion worth of capital investment and generates 22,000 jobs for Floridians. As part of long-term plans to strengthen the relationship with Japanese investors and increase international trade, Florida is increasing flights to and from Japan. Enterprise Florida received more than 200 leads from foreign investors considering doing business in our state last year.</p>
<p>Widely popular around the world as a tourism destination, Florida has already seen the number of visitors exceed pre-pandemic levels this year. “Our tourism is doing fantastic,” DiBella said.</p>
<p>DiBella attributes this recent boom in business to the “innovative environment” in the state. Investors, she said, have the freedom to operate their business here, minus the very strict regulatory environments that they perhaps were dealt with previously.</p>
<p>Having overcome the economic uncertainty that pushed Florida to adapt to the oft-quoted new normal, the state has emerged more confident and better equipped to provide a more conducive environment for growth, according to DiBella.</p>
<p>“We are here to expand each other’s economy, not only our own,” she said.</p>',
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'title' => 'Why North Carolina's Research Triangle Region is "recession-proof"',
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'description' => 'Highlighting the presence of the Research Triangle Park and three Tier-1 research universities located within a few minutes from each other (Duke University, North Carolina State University and University of North Carolina Chapel Hill), the Research Triangle Regional Partnership (RTRP) is bent on becoming a top economic center in the state, the country, and the world. ',
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'url' => 'why-north-carolinas-research-triangle-region-is-recession-proof',
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'content' => '<p>Highlighting the presence of the Research Triangle Park and three Tier-1 research universities located within a few minutes from each other (Duke University, North Carolina State University and University of North Carolina Chapel Hill), the <a href="https://www.researchtriangle.org/" target="_blank" rel="noopener">Research Triangle Regional Partnership (RTRP)</a> is bent on becoming a top economic center in the state, the country, and the world.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-Research%20Triangle%20partnership-Ryan%20Combs.jpg" alt="" />
<figcaption class="image-caption">RTRP Executive Director Ryan Combs</figcaption>
</figure>
<p>As an economic development organization, RTRP connects companies looking to expand with government agencies and business organizations in the state, ranked No. 1 by Forbes from 2017 to 2019 as the Best Place for Business. Until its corporate tax regime expires in 2030, North Carolina will have the lowest rates in the country.</p>
<p>Apart from the business-related advantages, the Research Triangle Region is also an ideal place to live.</p>
<p>“From an affordability standpoint, we’re a lot cheaper than a lot of the markets that we go up against, like New York, Boston, and San Francisco,” said RTRP Executive Director Ryan Combs, who also cited a Delta Airlines presentation that named the region as one of the country’s “most recession-proof communities.”</p>
<p>North Carolina has already proven its worth to many foreign multinationals, namely Toyota and HondaJet. Global car giant Toyota has announced plans to build a large battery plant near Greensboro, where HondaJet is expanding its production facility and set up its global headquarters in 2006.</p>
<p>Regarding RTRP’s short-term plans, Combs said the organization will step up its promotion of the Research Triangle Region internationally in order to attract more foreign investments to the area.</p>',
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'id' => '545317',
'title' => 'TOTO USA: Once a luxury, now a necessity ',
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'description' => 'For more than a century, Japan-based TOTO has reinvented the idea of bathroom equipment and redefined people's relationship with personal hygiene and sanitation. In 1914, company founder Kazuchiko Okura developed the country's first seated flush toilet.
Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets.',
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'content' => '<p>For more than a century, Japan-based TOTO has reinvented the idea of bathroom equipment and redefined people’s relationship with personal hygiene and sanitation. In 1914, company founder Kazuchiko Okura developed the country’s first seated flush toilet.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-TOTO%20USA-William%20Strang.jpeg" alt="" />
<figcaption class="image-caption">William Strang, TOTO USA's president for corporate strategy, e-commerce, and after-sales consumer experience</figcaption>
</figure>
<p>Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets, to name a few.</p>
<p>When the Japanese company expanded in the United States in 1996, many were surprised at its choice of Georgia for its first manufacturing site. Thirty-five years later, <a href="https://www.totousa.com/" target="_blank" rel="noopener">TOTO USA</a> has two manufacturing facilities, one large distribution center in the state, aside from its head office in Atlanta.</p>
<p>But, William Strang, TOTO USA’s president for corporate strategy, e-commerce, and after-sales consumer experience pointed out: “Atlanta is an international city with a significant airport that allows you to go virtually anywhere in one hop around the world.”</p>
<p>Since 1998, Hartsfield–Jackson Atlanta International Airport has been the world’s busiest airport in terms of passenger traffic.</p>
<p>At the height of the Covid-19 pandemic, TOTO USA reported a growth in sales as millions of Americans worked from home and found themselves starting home improvement projects, which included upgrades to their bathrooms. Sales rose from its e-commerce platform in Amazon.</p>
<p>Two years since the SARS-CoV-2 outbreak, TOTO has not seen the sales momentum ease.</p>
<p>And the with rising awareness surrounding environmental conversation, TOTO highlights the water conservation technology that its toilets have featured for several decades now.</p>',
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'title' => 'Tuscaloosa County, AL: All set for the next phase of growth',
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'description' => 'Only three months at the helm of Tuscaloosa County Economic Development Authority (TCEDA), Justice Smyth says Tuscaloosa County in Alabama is a place where people can gain access to many tools and resources needed to build a successful business while also enjoying an incredibly high quality of life. ',
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'content' => '<p>Only three months at the helm of <a href="https://tcoeda.com/" target="_blank" rel="noopener">Tuscaloosa County Economic Development Authority</a> (TCEDA), Justice Smyth says Tuscaloosa County in Alabama is a place where people can gain access to many tools and resources needed to build a successful business while also enjoying an incredibly high quality of life.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH%20USA-NL-WK%207-Tuscaloosa%20County%20Economic%20Development%20Authority-Justice%20Smyth.jpg" alt="" />
<figcaption class="image-caption">Tuscaloosa County Economic Development Authority Executive Director Justice Smyth</figcaption>
</figure>
<p>As executive director of the organization, Smyth has a holistic approach to development. In addition to promoting Tuscaloosa County as an ideal place to locate a business, he is committed to forming partnerships with community stakeholders for the purpose of improving housing, education, healthcare, and recreation facilities in the county.</p>
<p>“Tuscaloosa has all the right ingredients for business to succeed,” he said. “Here you’ll find a talented and dedicated workforce, a favorable regulatory environment, low costs of living and doing business, supportive elected officials, and community leaders who are committed to taking Tuscaloosa to the next level.” </p>
<p>Tuscaloosa County is also home to the University of Alabama, which recently garnered the much-coveted Carnegie R-1 classification for research universities which represents very high research activity.</p>
<p>Smyth believes this designation is a “game changer” in terms of the county’s ability to attract high tech, high paying, high skilled jobs. “Businesses will have an opportunity to benefit from the world-class research being conducted at UA and have access to a workforce pipeline of top-tier graduates that are produced by the institution year after year,” he said.</p>
<p>TCEDA aims to build the local economy through strategic growth, engaging in traditional industrial development as well as an increased focus on positioning Tuscaloosa County as a leader in the knowledge economy. “While we will continue to support our existing industries, particularly those in the manufacturing sector, we see a real opportunity to diversify the local economy through innovation and sustainable growth,” Smyth said.</p>',
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'id' => '545319',
'title' => 'Huntsville/Madison County, AL: Ready for another lift-off',
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'description' => 'Located in Madison County in northern Alabama, Huntsville is the state's most populous city and played a special role in the country's history. Nicknamed "The Rocket City," Huntsville was the site of the launch of the country's first space satellite, Explorer 1. Unsurprisingly, the city boasts the highest concentration of engineers.',
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'tags' => 'Japan, US, Alabama, Huntsville/Madison County Chamber',
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'content' => '<p>In pursuit of more cost-efficient locations with friendlier business policies, a growing number of Japanese companies have transferred their operations to the Southern states, like Alabama, having determined that lower costs do not necessarily mean a compromise in productivity or quality.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH%20USA-NL-WK%207-Huntsville%20Madison%20Chamber%20of%20Commerce-Chip%20Cherry.jpeg" alt="" />
<figcaption class="image-caption">Chip Cherry, president and CEO of the Huntsville/Madison County Chamber</figcaption>
</figure>
<p>Located in Madison County in northern Alabama, Huntsville is the state’s most populous city and played a special role in the country’s history. Nicknamed “The Rocket City,” Huntsville was the site of the launch of the country’s first space satellite, Explorer 1. Unsurprisingly, the city boasts the highest concentration of engineers.</p>
<p>“We occupy a unique space in the United States ecosystem. We have a very long history with international companies and a unique relationship with the Japanese and the European space agencies. We work in the aerospace side, the automotive side, and the genomic research side,” said Chip Cherry, president and CEO of the <a href="https://hsvchamber.org/" target="_blank" rel="noopener">Huntsville/Madison County Chamber</a>.</p>
<p>“We are not just a one trick pony. We are not just involved in the automotive side, which is also something we are very proud of. The core foundation of our local economy are companies and processes that involve a lot of engineering,” added Cherry, who is also secretary of the Huntsville Industrial Development Board.</p>
<p>However, Vice President for Marketing and Communications Claire Aiello pointed out Huntsville’s relationship with Japan extends beyond business. As corporate citizens of the city, Japanese businesses have made donations to schools and various non-profit organizations in their own communities.</p>
<p>“Regardless of what business our Japanese partners are in, we are honored to have them here and value the relationship we have with Japan. We share a lot of similarities with our Japanese partners, like cultural values and pride in our own histories,” Cherry said.</p>',
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'id' => '545320',
'title' => 'ASIT: Bringing in the global elite of IT',
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'description' => 'ASIT, or the Association for Computing, Informatics, Telecommunications, is Serbia's leading information technology organization behind some of the country's most successful and well-attended IT-related conferences and exhibitions.',
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'content' => '<p><a href="https://www.asit.rs/about-us/" target="_blank" rel="noopener">ASIT, or the Association for Computing, Informatics, Telecommunications</a>, is Serbia’s leading information technology organization behind some of the country’s most successful and well-attended IT-related conferences and exhibitions.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK%206-ASIT-Mirkovic.jpg" alt="" />
<figcaption class="image-caption">ASIT President and Legal Representative Nikola Mirkovic</figcaption>
</figure>
<p>“For more than 40 years, ASIT has been at the forefront of presenting the latest scientific and professional achievements in the field of information technology,” ASIT President and Legal Representative Nikola Mirkovic told GMI POST.</p>
<p>Mirkovic pointed out it was ASIT which established industry standards of computer technologies in Serbia and in Southeast Europe and worked with global leaders like Microsoft, Oracle, and Huawei.</p>
<p>ASIT organizes three major conferences every year: Technobank, Infotech, and Smart e-Government. Each one focuses on a specific aspect of information technology and features guest lecturers from all over the world who get to present their latest products, services, ideas, and case studies.</p>
<p>The Technobank Conference tackles on solutions and innovation in the banking industry, while Smart-eGovernment focuses on the digitalization of government. InfoTech, on the other hand, highlights new information and communication technologies in the public sector and security.</p>
<p>Asked about why Serbia is the ideal host for these global IT conferences, Mirkovic stressed that the basic information technology has been deeply integrated into Serbia’s education system. According to Eurostat, computer science is a compulsory subject in Serbia for first graders, while basic programming and data-analysis are introduced as early as the third grade.</p>
<p>For interested participants and exhibitors to ASIT’s upcoming events, the next Technobank conference is set for 29-30 March 2023 at the Crown Plaza in Belgrade. while the next Smart eGovernment conference will be on the 23 November 2023 at the Hyatt Regency Hotel also in Belgrade. Its next Infotech will take place on June 7, 2023 at Hotel Izvor in Arandjelovac.</p>',
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'id' => '545303',
'title' => 'MG Group HR Services: All about top talent and meaningful connections',
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'description' => 'Serving both local and multinational companies in Serbia for more than 17 years, MG Group HR Services has set the standard in the country's human resources industry, providing seamless recruitment, finding efficient support staff and formulating world-class management solutions.',
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'content' => '<p>Serving both local and multinational companies in Serbia for more than 17 years, <a href="https://www.mggrouphr.com/en/" target="_blank" rel="noopener">MG Group HR Services </a>has set the standard in the country’s human resources industry, providing seamless recruitment, finding efficient support staff and formulating world-class management solutions.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-4-MG-Group-HR-Services-Nedimovic.jpg" alt="" />
<figcaption class="image-caption">MG Group HR Services CEO Danijela Nedimovic</figcaption>
</figure>
<p>“MG Group is one of the top HR agencies in Serbia for employment. Our two main services are the recruitment and selection of candidates for different job positions from blue collar to white collar positions, as well as staff leasing, which covers completing work contracts to taking care of monthly payroll and payments to employees who work for our clients,” MG Group HR Services CEO Danijela Nedimovic told GMI POST.</p>
<p>Today, MG Group HR Services has a database of more than 30,000 candidates for every position across various industries. To guarantee timely recruitment results, the company has a strong network of associates in every major city in Serbia. According to Nedimovic, MG Group HR Services is the one of the recruitment and staffing agencies licensed by Serbia’s Ministry of Labor.</p>
<p>Lending complementary support to its clients in Serbia, MG Group also provides other services, such as HR administration, payroll accounting, psychological testing, and labor law-related consulting, among others.</p>
<p>“From time to time, we do other services, like market research in the area of HR services for new foreign companies that plan to come into the Serbian market,” said Nedimovic, who added that the company has recruited and selected employees for Japanese multinationals in the country, particularly in the automotive and manufacturing sectors.</p>
<p>On the current trends in the country, MG Group HR Services has expanded its support of information technology companies through BPO services amid the accelerated growth of the IT sector in Serbia right now, according to Nedimovic.</p>
<figure class="image-container"><img class="align-left" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-4-MG-Group-HR-Services-Logo.jpg" alt="" />
<figcaption class="image-caption"></figcaption>
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'title' => 'BD2P reveals why global brands are trooping to Serbia',
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'description' => 'With more than a decade of extensive experience, Serbian law firm Bojovic Draskovic Popovic & Partners (BD2P) has built a reputation both as a knowledgeable source of legal advice, as well as a trusted, long-term business partner by clients from around the world.',
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'content' => '<p>With more than a decade of extensive experience, Serbian law firm <a href="https://www.bd2p.com/en/" target="_blank" rel="noopener">Bojovic Draskovic Popovic & Partners (BD2P)</a> has built a reputation both as a knowledgeable source of legal advice, as well as a trusted, long-term business partner by clients from around the world.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-4-BD2P-Draskovic.jpg" alt="" />
<figcaption class="image-caption">BD2P Partner Vuk Draskovic</figcaption>
</figure>
<p>“The majority of our clients are international clients,” said Partner Vuk Draskovic, who pointed out that the law firm has become the first stop for foreign enterprises wanting to establish operations in the local market.</p>
<p>Among BD2P’s long-standing clients are Germany’s Adidas and South Korea’s Samsung. To further boost its international credentials, it recently advised India-based global tech company Pactera EDGE and, according to Draskovic, worked with a Japanese law firm on a data protection case for car giant Toyota.</p>
<p>Asked about BD2P’s interest in acquiring more Japanese clients, Draskovic replied: (Japan) is of course one of the leading economies in the world. So, we are very interested,” adding he sees many business opportunities in the future with Japanese companies already in Serbia.</p>
<p>“Serbia is a very good destination. The country is always trying to bring more and more foreign investments,” stressed Draskovic, who highlights the government’s wide variety of investment incentives, strategic location, top-notch workforce, and safe business environment.</p>
<p>As more foreign companies choose Serbia for its European hub, BD2P is focused on adding them to their roster of clients and providing them with world-class legal advice and services.</p>',
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'id' => '545305',
'title' => 'Townhouse 27: Feels just like home',
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'description' => 'In the global hospitality industry, big is not necessarily better. In the past several years, the trend for cozier properties and customized services has grown so popular that many giant chains have acquired boutique hotels or unveiled new brands to attract this new breed of traveler seeking the proverbial home away from home.',
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'content' => '<p>In the global hospitality industry, big is not necessarily better. In the past several years, the trend for cozier properties and customized services has grown so popular that many giant chains have acquired boutique hotels or unveiled new brands to attract this new breed of traveler seeking the proverbial home away from home.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-4-Townhouse-27-Cohergne.jpg" alt="" />
<figcaption class="image-caption">Townhouse 27 General Manager and Executive Director Tatjana Cohergne</figcaption>
</figure>
<p>With only 21 rooms, <a href="http://townhouse27.com/" target="_blank" rel="noopener">Townhouse 27</a> exudes exclusivity. Located in the Serbian capital Belgrade, the boutique hotel has outranked its local rivals twice its size and been ranked the top hotel in Serbia by many groups in recent years.</p>
<p>“You come as a guest; you leave as a friend. Because we only have 21 rooms, we have time to dedicate ourselves to each guest. Every guest gets a small surprise treat in their room each day,” Townhouse 27 General Manager and Executive Director Tatjana Cohergne told GMI POST.</p>
<p>Cohergne attributes Townhouse 27’s success to its “personalized, human-touch type of service that bigger hotels can’t provide.” She added: “We know every guest by name, where they’re from, their food preferences. These things make a difference in providing impeccable service. That’s our competitive advantage. To us, our guests are not just a number.”</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-4-Townhouse-27-Entrance.jpg" alt="" />
<figcaption class="image-caption">The inviting entrance of Townhouse 27 in Belgrade</figcaption>
</figure>
<p>She also pointed out that Townhouse 27’s brand of service comes naturally as it reflects the Serbian personality.</p>
<p>“Hospitality is part of Serbia’s culture. We are a very welcoming people,” said Cohergne, who shared that more than 95% of the hotel’s guests are from Northern and Western Europe, and the United States. She hopes to welcome more guests from Southeast Asia.</p>
<p>“Belgrade is worth visiting,” said Cohergne, who wants everyone to experience Serbia’s culture, art, and the warmth of its people.</p>',
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'title' => 'Renowned U.S. chip designer wants to end Nvidia's global dominance',
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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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'description' => 'For the third time in the last five years, Virginia 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.',
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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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<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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'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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'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>
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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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<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>“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>
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<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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Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets.',
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'content' => '<p>For more than a century, Japan-based TOTO has reinvented the idea of bathroom equipment and redefined people’s relationship with personal hygiene and sanitation. In 1914, company founder Kazuchiko Okura developed the country’s first seated flush toilet.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%206-TOTO%20USA-William%20Strang.jpeg" alt="" />
<figcaption class="image-caption">William Strang, TOTO USA's president for corporate strategy, e-commerce, and after-sales consumer experience</figcaption>
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<p>Since then, TOTO has introduced innovative products have gained fans around the world, most notably is its washlets, whose features may include heated seats, dryers, and water pressure control for its bidets, to name a few.</p>
<p>When the Japanese company expanded in the United States in 1996, many were surprised at its choice of Georgia for its first manufacturing site. Thirty-five years later, <a href="https://www.totousa.com/" target="_blank" rel="noopener">TOTO USA</a> has two manufacturing facilities, one large distribution center in the state, aside from its head office in Atlanta.</p>
<p>But, William Strang, TOTO USA’s president for corporate strategy, e-commerce, and after-sales consumer experience pointed out: “Atlanta is an international city with a significant airport that allows you to go virtually anywhere in one hop around the world.”</p>
<p>Since 1998, Hartsfield–Jackson Atlanta International Airport has been the world’s busiest airport in terms of passenger traffic.</p>
<p>At the height of the Covid-19 pandemic, TOTO USA reported a growth in sales as millions of Americans worked from home and found themselves starting home improvement projects, which included upgrades to their bathrooms. Sales rose from its e-commerce platform in Amazon.</p>
<p>Two years since the SARS-CoV-2 outbreak, TOTO has not seen the sales momentum ease.</p>
<p>And the with rising awareness surrounding environmental conversation, TOTO highlights the water conservation technology that its toilets have featured for several decades now.</p>',
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TOTO USA: Once a luxury, now a necessity
For more than a century, Japan-based TOTO has reinvented the idea of bathroom equipment and redefined people's relationship with personal hygiene a...