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'description' => 'Following the protracted global economic slowdown that resulted from the Covid-19 pandemic, many cities across the world are well on the way to recovery. To build further on this trend, Mayor Tim Kelly plans to expand the Chattanooga's business network across the world, focusing particularly on Japan. ',
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'content' => '<p>Following the protracted global economic slowdown that resulted from the Covid-19 pandemic, many cities across the world are well on the way to recovery. To build further on this trend, <a href="https://chattanooga.gov/mayors-office" target="_blank" rel="noopener">Mayor Tim Kelly</a> plans to expand the Chattanooga’s business network across the world, focusing particularly on Japan.</p>
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<figcaption class="image-caption">Chattanooga Mayor Tim Kelly</figcaption>
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<p>“Having been a Honda dealer for a number of years, I looked up to Ichiro Honda as one of my leadership heroes because of the way he led that company during the course of his life. The philosophy of partnership that Honda embodies is very much my personal philosophy also,” Kelly said.</p>
<p>In running the city, the mayor applies his experience as a business executive.</p>
<p>“As a fan of Japanese culture and their business culture, I realize that we need to cultivate relationships. Japanese companies understand the value of partnership and the value of partnership over time,” he said.</p>
<p>The mayor also sees the ideal partnership between an incubator of technological innovation, Japan, and a well-established manufacturing center, Chattanooga.</p>
<p>“It might be somewhat rare in the United States to have a mayor with my background in and skill set with Japanese business. Tennessee is one of the premier states in the U.S. for foreign direct investment. I'm a little partial but Chattanooga is by far the most attractive city in the state. So, if any Japanese companies are considering investment in this part of the world, I hope that they will give Chattanooga a look,” Kelly said.</p>',
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'description' => 'Situated between Birmingham and Huntsville, two of Alabama's largest cities, Blount County has harbored huge ambitions for the 12 municipalities that fall under its jurisdiction. Its location at the foothills of the Appalachian Mountains has attracted a special sort of domestic tourist - enthusiasts of outdoor sports, like kayaking, canoeing and rock climbing.',
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<figcaption class="image-caption">Blount County Economic Development Council Executive Director Don Mitchell</figcaption>
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<p>Aware of its limitations, particularly its population (135,280 residents), Blount County also knows it possesses the right conditions that can attract more outside business and even investment from overseas. At the helm of this effort over the past few years is Don Mitchell, executive director of <a href="https://blountedc.com/" target="_blank" rel="noopener">Blount County Economic Development Council</a>.</p>
<p>“It would be ideal if a company employs 250 people or less. We'd love to have an opportunity to see if we can match them up with something here. I think they'd be very pleased with the work ethic because that's something our companies have and why some larger companies are expanding here,” said Mitchell, who previously co-founded and led another economic development council in the state, and headed the chamber of commerce in Arab.</p>
<p>Blount County, according to Mitchell, is ideal businesses that require mid-sized tracts of land (between 20 and 870 acres) and a small workforce. For potential investors from Japan and other parts of the world, the county boasts a deep pool of highly skilled workers trained and educated in top technical schools in the area and leading universities in Alabama.</p>
<p>Despite the long road ahead and the huge challenges entailed, Mitchell and the rest of his team take the needed steps and field all queries from all over, confident that one day Blount County will grow into a robust, dynamic business hub.</p>',
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'content' => '<p><a href="https://www.auburnalabama.org/" target="_blank" rel="noopener">Auburn in Alabama</a> has remained steadfast in its commitment to become an attractive and safe city, an environmentally conscious community, and one that is not just progressive, but also hospitable and responsive to the needs of everyone, locals and visitors alike.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-6-Auburn-Country-EDC-Arndt-Siepmann-2.jpg" alt="" />
<figcaption class="image-caption">Auburn City Economic Development Deputy Director Arndt Siepmann</figcaption>
</figure>
<p>Over the past few years, city officials and civic leaders have worked to make neighborhoods safer, increased access to education, especially for its youth, and create new economic opportunities for all its working residents.</p>
<p>Auburn has drawn in new business domestically and outside the United States. In fact, half the industries within the city are headquartered abroad. They have been successful at recruiting international businesses and the biggest draws for these institutions are its proximity to the Atlanta airport and the excellent public school system.</p>
<p>Arndt Siepmann, the deputy director of the city’s economic development department, credits his success the excellent hands-on support from their staff, which in turn, helps these companies ramp up and be successful. He noted that, Auburn is “a very fast-growing university town in a good location.” Because of that, companies will not encounter any difficulties recruiting and hiring highly skilled manpower.</p>
<p>To attract more business to the city, Auburn plans to strengthen its relationships with existing investors, believing that a good reputation and word of mouth are the most effective ways to publicize the assets and advantages of the city.</p>
<p>Down the road, when all of the city’s projects and initiatives have been completed and start paying off, other new business and investors from around the world will start heading to Auburn. Watch this space.</p>',
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'id' => '545309',
'title' => 'Miami Beach strikes gold outside its beaches',
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'description' => 'It's been 20 years since Art Basel made its first international debut in Miami Beach. From then on, the tourist hotspot has evolved into a cultural mecca, drawing in world-famous artists and wealthy art collectors. The transformation, in the words of Mayor Dan Gelber, was "incredibly dramatic and defining.',
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'content' => '<p>It’s been 20 years since Art Basel made its first international debut in <a href="https://www.miamibeachfl.gov/" target="_blank" rel="noopener">Miami Beach</a>. From then on, the tourist hotspot has evolved into a cultural mecca, drawing in world-famous artists and wealthy art collectors. The transformation, in the words of Mayor Dan Gelber, was “incredibly dramatic and defining.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-5-Miami-Beach-FL-Mayor-Gebler-2.jpg" alt="" />
<figcaption class="image-caption">Miami Beach Mayor Dan Gelber</figcaption>
</figure>
<p>The privately-run art fair, which runs from December 2 to 5, is organized in collaboration with the city’s local institutions, museums, art galleries and other cultural venues.</p>
<p>Before Art Basel Miami Beach, the city’s economy was dominated by holiday tourism, attracting between 10 to 15 million visitors, local and international, every year. Today, a new breed of visitors enjoy more than the city’s beaches.</p>
<p>Among the most popular cultural venues include the Miami City Ballet, the Bass Museum of Art, the Perez Art Museum Miami, Miami Children’s Museum, and the Frank Gehry-designed New World Center, which hosts the New World Symphony.</p>
<p>Apart from seeing the usual influx of beach lovers and culture vultures, Gebler has noted the post-Covid surge of arrivals from people from across the United States looking to settle in a place that facilitated the better work-life balance.</p>
<p>In South Florida, Miami Beach launched the Arts Force Housing program, which offers housing alternatives for people in the arts sector. The city has also experienced a building boom in commercial and office space to meet rising demand.</p>
<p>“The Class A office issue has always been present in South Florida for decades. But Miami has really put together a critical mass of Class A office spaces, which is why I think so many businesses are moving here,” Gelber told GMI POST.</p>
<p>“That’s been a priority of my city: to create more office space, create more pedestrian- and bike-friendly opportunities, and make the city more accessible to people. I want to foster a sense of community and create a safe and clean city, one that will be best version of Miami Beach in South Florida,” the mayor added.</p>',
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'id' => '545310',
'title' => 'Panasonic Automotive Systems achieves seamless delivery in North America',
'description_old' => null,
'description' => 'COVID-19 gave rise to a chain of serious problems that affected the entire world. Factory operations came to halt; supplies plummeted; deliveries were delayed; shortages caused price surges. Despite those grave economic challenges, Panasonic Automotive Systems bucked the global trend and reported record-breaking future orders.',
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'url' => 'panasonic-automotive-systems-achieves-seamless-delivery-in-north-america',
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'content' => '<p>COVID-19 gave rise to a chain of serious problems that affected the entire world, regardless of how hard the pandemic affected each individual country. Factory operations came to halt; supplies plummeted; deliveries were delayed; shortages caused price surges.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-5-Panasonic-Automotive-Systems-Kircher.jpg" alt="" />
<figcaption class="image-caption">Panasonic Automotive Systems Company of America President and CEO Scott Kirchner</figcaption>
</figure>
<p>Despite those grave economic challenges, <a href="https://na.panasonic.com/us/automotive-solutions" target="_blank" rel="noopener">Panasonic Automotive Systems</a> bucked the global trend and reported record-breaking future orders, thanks to its extensive network of regional offices, suppliers and logistics partners around the world.</p>
<p>Following the disruption, Panasonic Automotive Systems consolidated its status as the leading supplier to automotive original equipment manufacturers (OEMs) for infotainment systems and advanced connected car solutions. The Japanese company also devoted more attention to its North America, the world’s largest car market.</p>
<p>“We are the most complete end-to-end business in North America in terms of our capabilities for advanced engineering and product planning: from from concep, through design, production, manufacturing, post-sale service,” said Panasonic Automotive Systems Company of America President and CEO Scott Kirchner.</p>
<p>Kirchner attributes their operational excellence and success to the customer relationship built on trust over the years.</p>
<p>“We’ve demonstrated during COVID-19 that by protecting our supply chains, we made sure our customers weren’t disrupted by any lack of supply. We deliver on time and ensure high quality. We are very thorough and very sure that the parts we design not only meet our customers’ needs but also last a long time,” he said.</p>
<p>And as the global auto industry steps up the development and production of electric vehicles, Panasonic Automotive Systems remains steadfast in its commitment to design new products and deliver services that will further improve the lives of people, benefit local communities and, protect the environment.</p>
<p>On its commitment to sustainable development, Panasonic’s initiatives include ensuring that its manufacturing operations reduce its carbon footprint and switchto renewable sources of energy, according to Kircher.</p>',
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'id' => '545311',
'title' => 'Florida: A trillion-dollar economy in the big leagues',
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'description' => 'Since the beginning of the Covid-19 pandemic, Florida has experienced a boom in its property, financial services, tourism sectors, to name just a few, which further strengthened its economy, which in 2018, broke the $1 trillion GDP ceiling. ',
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'tags' => 'Japan, US, Florida, Southeast U.S./Japan Association',
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'content' => '<p>Following a two-year hiatus, the <a href="http://fl-seusjapan.org/" target="_blank" rel="noopener">Southeast U.S./Japan Association</a> and counterpart Japan-U.S. Southeast Association held its first in-person Annual Joint Meeting in Miami in early November. The four-day event came at an auspicious time for this year’s host.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-5-SEUS-Japan-Florida-Woodward.jpg" alt="" />
<figcaption class="image-caption">Southeast U.S-Japan Association Executive Director Dave Miller Woodward</figcaption>
</figure>
<p>Since the beginning of the Covid-19 pandemic, Florida has experienced a boom in its property, financial services, tourism sectors, to name just a few, which further strengthened its economy, which in 2018, broke the $1 trillion GDP ceiling.</p>
<p>Based on that achievement, if the state of 21 million people were a separate economy, Florida would be among the world’s 15 richest economies, Southeast U.S-Japan Association Executive Director Dave Miller Woodward pointed out.</p>
<p>“Japan remains a key economic partner. It is the largest foreign direct investor overall in the United States and has ranked consistently as one of the top foreign direct investor countries in Florida, alongside Canada, the UK, and Germany. Beyond the business ties, Japan is truly a great friend and ally to the United States,” Woodward told GMI POST.</p>
<p>This year, more than 200 Japanese companies can be found across Florida while, according to Woodward, foreign direct investment from Japan has so far exceeded $10.6 billion. Because of the robust trade between Florida and Japan, cargo services and logistics are among the best performing sectors, with Japanese-owned Nippon Express leading the competition.</p>
<p>In performing its mission, the delegation works closely with the Governor’s Office, the Florida Department of State, Enterprise Florida, and local economic development organizations.</p>
<p>Founded in 1976, the Southeast U.S./Japan Association comprises eight members – Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia – with each assuming leadership of the group for two years and co-hosting, with its Japanese counterpart group, the annual meeting in their home state.</p>
<p>With the Japan/Southeast Association, Florida will act as co-host of the 45th Annual Meeting in Tokyo next year.</p>',
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'id' => '545294',
'title' => 'JICA: Promoting Japanese cooperation in Serbia',
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'description' => 'Since opening its Balkan Office in the Serbian capital Belgrade in 2006, the Japan International Cooperation Agency (JICA) has played an instrumental role in Serbia's social and economic development, lending financial assistance and technical cooperation as the executing agency of Japanese overseas development assistance.',
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'image' => null,
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'url' => 'jica-promoting-japanese-cooperation-across-the-world',
'tags' => 'Japan, Serbia, Japan International Cooperation Agency',
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'content' => '<p>Since opening its Balkan Office in the Serbian capital Belgrade in 2006, the <a href="https://www.jica.go.jp/english/index.html" target="_blank" rel="noopener">Japan International Cooperation Agency (JICA)</a> has played an instrumental role in Serbia’s social and economic development, lending financial assistance and technical cooperation as the executing agency of Japanese overseas development assistance.</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-3-JICA.jpg" alt="" />
<figcaption class="image-caption">JICA Balkan Office Chief Representative Masahiro Ueki</figcaption>
</figure>
<p>The <a href="https://www.jica.go.jp/balkan/english/office/index.html" target="_blank" rel="noopener">JICA Balkan Office</a>, according to Chief Representative Masahiro Ueki, focuses on three key areas in Serbia in accordiance to the aid policy of the Japanese government: private sector development, environmental conservation, and improvement of social and economic services. In carrying out its work, the JICA Balkan Office also promotes the strong relations between two countries.</p>
<p>Among the government agency’s newest programs is <a href="https://www.jica.go.jp/english/news/field/2020/20210126_01.html" target="_blank" rel="noopener">Project NINJA</a>, launched in 2020.</p>
<p>“NINJA stands for Next Innovation with Japan. Under Project NINJA, JICA helps startups that can also contribute to solving social issues in developing countries. Last year, we brought Project NINJA to Serbia and selected seven local startups for a three-month acceleration program wherein they got business training and mentorship. After the acceleration program, we hold a Demo Day, wherein the startup founders get to present and pitch their ideas to investors,” Ueki told GMI POST.</p>
<p>Another flagship program is <a href="https://www.jica.go.jp/dsp-chair/english/chair/overview/index.html" target="_blank" rel="noopener">JICA Chair</a> (JICA program for Japanese studies).</p>
<p>JICA Chair, Ueki said, provides Serbian university students with the opportunity to learn about Japan’s history and experiences as it went through modernization, hoping the chosen students will contribute to the development of Serbia in the future and to further strengthening bilateral relations.</p>
<p>In Serbia, JICA Chair is held in the University of Belgrade and, so far, has comprised three intensive lectures. The JICA Balkan Office plans to deliver more of these special lectures by March next year.</p>
<p>As Serbia and Japan celebrate 140 years of bilateral relations, the JICA Balkan Office head hopes to generate more interest in Serbia through its activities.</p>',
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'id' => '545295',
'title' => 'Vojvodina: Flowing into the future',
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'description' => 'Established in 2017 by the local government, the Vojvodina Development Agency (RAV) aims to attract more foreign and domestic investments to the autonomous province. With a recent influx of Japanese investment in the region, GMI POST sat down with RAV Head of National and International Funds Biljana Vrzic and Head of Investment Ivan Borovcanin to find out the organization's next steps. ',
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'content' => '<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SERBIA-NL-WK-3-RAV-Vrizic.jpg" alt="" />
<figcaption class="image-caption">RAV Head of National and International Funds Biljana Vrzic</figcaption>
</figure>
<p>Established in 2017 by the local government, the <a href="https://rav.org.rs/" target="_blank" rel="noopener">Vojvodina Development Agency (RAV)</a> aims to attract more foreign and domestic investments to the autonomous province. With a recent influx of Japanese investment in the region, GMI POST sat down with RAV Head of National and International Funds Biljana</p>
<p>Vrzic and Head of Investment Ivan Borovcanin to find out the organization’s next steps.</p>
<p>“In the last two years, we’ve seen a definite rise in new inquiries about Vojvodina,” pointed out Borovcanin, who goes on to say that around 80% of all visits of foreign investors are from the automotive sector. Currently, the region’s biggest foreign investors include Japanese multinationals like Japan Tobacco International (JTI), Nidec, and Toyo Tires.</p>
<p>For Vrzic, Vojvodina has become a favorite investment destination for Japanese companies mainly because of competitive operating costs, favorable tax system, incentives, and location.</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-3-RAV-Borovcanin.jpg" alt="" />
<figcaption class="image-caption">RAV Head of Investment Ivan Borovcanin</figcaption>
</figure>
<p>“Vojvodina is in a very good position in Europe. We are on the border with the EU and are bordered by several countries. It’s an ideal location for cost-effectively distribution products to the region, and EU,” she said. Also, according to Vrzic, residents are very welcoming and work-driven, traits that are very familiar to the Japanese.</p>
<p>Since 2010, RAV hopes to strengthen its partnerships with various Japanese institutions, like Japan International Cooperation Agency (JICA), Japan External Trade Organization (JETRO), and Japan Business Alliance in Serbia (JBAS).</p>',
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'title' => 'Berlitz in Serbia: Teaching the language of quality and efficiency ',
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'description' => 'Beginning as a language school in the United States nearly 150 years ago, Berlitz has built a worldwide reputation for foreign language instruction and has stayed relevant in the 21st century by branching out into leadership training. Company Director Michela Bernacca met with GMI POST to share Berlitz's history in Serbia and its journey in becoming the leading language and corporate training school in the country.',
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'url' => 'berlitz-in-serbia-teaching-the-language-of-quality-and-efficiency',
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'content' => '<p>Beginning as a language school in the United States nearly 150 years ago, <a href="https://www.berlitz.com/" target="_blank" rel="noopener">Berlitz</a> has built a worldwide reputation for foreign language instruction and has stayed relevant in the 21st century by branching out into leadership training, recognizing that effective communication is a sought-after skill in any workplace anywhere 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-3-Berlitz-Bernacca.jpg" alt="" />
<figcaption class="image-caption">Berlitz Serbia Company Director Michela Bernacca</figcaption>
</figure>
<p><a href="https://www.berlitz.co.rs/serbian-for-foreigners" target="_blank" rel="noopener">Berlitz Serbia's</a> Company Director Michela Bernacca met with GMI POST to share Berlitz’s history in Serbia and its journey in becoming the leading language and corporate training school in the country.</p>
<p>“Berlitz already existed in Serbia before World War I. It was one of the first few Berlitz centers to open in Europe, together with those in Paris and Rome,” said Bernacca, who added that the school closed down during World War II and did not reopen until 2004.</p>
<p>Under Michela and her husband, Berlitz in Serbia has become the market leader, serving three distinct markets: children, private individuals and corporate partners, which include Mercator, Dior, Gorenje, Japan Tobacco International, and the Japan International Cooperation Agency.</p>
<p>“We provide the most efficient way to learn a language. Everybody in the business world is short of time, and so we set the right goals for the client. And after conducting analysis and a placement test, we see where the clients are, where the clients want to be, and the fastest way to get them where they want to be, Bernacca said.</p>
<p>With more than 40,000 students, Berlitz in Serbia is committed to its brand of excellence in language instruction, not just for its corporate clients but also for private individuals, young and old.</p>
<p>“I invite investors to come to Serbia and see for themselves how welcoming the people are here, how beautiful the country is, and how much Belgrade has to offer in terms of the quality of our food, leisure activities, arts and culture, and also the quality of the workforce here,” said Bernacca, who pointed out that the best way to learn a new language is to immerse oneself in the local culture.</p>',
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'title' => 'Frankfort, Kentucky: A home of top Japanese brands',
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'description' => 'Mayor Layne Wilkerson believes that direct investment from Japan has played a vital role in the growth of Frankfort, as well as in its long-term success. The capital of The Bluegrass State hosts nine Japanese businesses and is proud of the increasing economic and cultural diversity that came with the influx of foreign investment.
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'content' => '<p>Mayor Layne Wilkerson believes that direct investment from Japan has played a vital role in the growth of <a href="https://frankfort.ky.gov/" target="_blank" rel="noopener">Frankfort</a>, as well as in its long-term success. The capital of The Bluegrass State, Frankfort has nurtured a fruitful partnership with Japan over the last few decades.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-5-City-of-Frankfort-KY-Mayor.jpg" alt="" />
<figcaption class="image-caption">Frankfort Mayor Layne Wilkerson</figcaption>
</figure>
<p>Frankfort alone hosts nine Japanese businesses and is proud of the increasing economic and cultural diversity that came with the influx of foreign investment.</p>
<p>Among the state’s flagship foreign investors is Toyota Motor Manufacturing Kentucky (TMMK). The Japanese car giant initiated operations in the state with a manufacturing facility valued at $1.33 billion, around a tenth of the amount to be invested across the whole country over the next five years. This was on top of the nearly $22 billion already invested in the United States.</p>
<p>For Wilkerson, Frankfort must promote new opportunities for Japanese investors in advanced manufacturing, including the “automotive, electric vehicles and food and beverage sectors.”</p>
<p>As the home of world famous bourbon, Frankfort has also attracted interest from whisky-loving Japan. In 2014, Japan-based brewer and distiller Suntory acquired Jim Beam, the well-loved home-grown makers of bourbon whiskey.</p>
<p>Other Japanese companies that found a home in Frankfort are IDT Tools, Inc., Mitsui Kinzoku Catalysts America (MKCA), and Nishida Art Speciality Composite America.</p>
<p>“We are looking forward to exciting new opportunities and partnerships with the wonderful people of Japan. In these difficult times, it’s important to create a strong and durable volume with our economic partners. Frankfort has a proven track record of establishing and maintaining the climate necessary for Japanese companies to locate here and be successful,” the mayor said.</p>',
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'title' => 'Maury County in top 5% of U.S. counties with fastest growing economies',
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'description' => 'Located along Interstate 65 (I-65), Maury County in Tennessee lies between Nashville and Huntsville in Alabama, two of the fastest-growing markets in the country. Its proximity to Nashville International Airport has further boosted the county's appeal to international companies looking for ideal centers of operation.',
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'content' => '<p>Located along Interstate 65 (I-65), Maury County in Tennessee lies between Nashville and Huntsville in Alabama, two of the fastest-growing markets in the country. Its proximity to Nashville International Airport has further boosted the county’s appeal to international companies looking for ideal centers of operation.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-5-Maury-County-Chamber-Travis-Groth.jpg" alt="" />
<figcaption class="image-caption">Travis Groth, the vice president of economic development of the Maury County Chamber and Economic Alliance</figcaption>
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<p>Because of its location and transport connectivity, Maury County finds itself in the top 5% of all counties in the United States in terms of growth rates, according to Travis Groth, the vice president of economic development of the <a href="https://mauryalliance.com/" target="_blank" rel="noopener">Maury County Chamber and Economic Alliance</a>.</p>
<p>For Groth, Maury County achieved economic growth objectives by supporting existing industries, recruiting new industries, building new products and sites, and developing its workforce.</p>
<p>Leading the region’s economic players, U.S. auto giant General Motors (GM) opened its largest North American production facility in Spring Hill, Maury County in 1990. Then in 2019, GM said it was spending more than $2 billion to develop the manufacturing complex to help in the assembly of its electric vehicles, like the battery-electric crossover Cadillac Lyriq.</p>
<p>Within six months of that development, GM and LG Chem, the largest South Korean chemical company, announced a joint venture to build the second Ultium Cells LLC production facility in Maury County.</p>
<p>“Within just 18 months, we had over $4 billion worth of investment announced,” stressed Groth, who expressed huge satisfaction in seeing the presence of Japanese companies such as Nissan, Mazda, Toyota, Fuel Total Systems, and Sekisui Plastics in the region and his admiration for how they look after their employees and contribute to the community.</p>
<p>“I would like the Japanese business community or Japanese companies to know that a lot of their important values align with the values that Maury County consider important as well,” he said.</p>',
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'description' => 'Florida traces back its trade ties to Japan as far back as the mid-19th century when the first shipment of home-grown grapefruits was exported across the Pacific. More than a century later, bilateral ties have expanded into finance, life sciences, advanced technology, and aeronautics and space exploration.',
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'content' => '<p>Florida traces back its trade ties to Japan as far back as the mid-19th century when the first shipment of home-grown grapefruits was exported across the Pacific. More than a century later, bilateral ties have expanded into finance, life sciences, advanced technology, and aeronautics and space exploration.</p>
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<figcaption class="image-caption">Japan's Consul General in Miami Kazuhiro Nakai</figcaption>
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<p><a href="https://www.miami.us.emb-japan.go.jp/itprtop_en/index.html" target="_blank" rel="noopener">Japan’s Consul General in Miami</a> Kazuhiro Nakai pointed out that while his country remains one of the largest sources of foreign direct investment in the state, particularly in Miami, it wants to revive bilateral business, which suffered because of the Covid-19 pandemic two years ago.</p>
<p>As part of his mission, Nakai also organizes meetings and get-togethers between government officials, business leaders, as well as state and regional economic development organizations from neighboring states like, Alabama, Georgia, Kentucky, Mississippi, North Carolina, and South Carolina.</p>
<p>The state’s leading economic development organization, Enterprise Florida works to create new investment opportunities in the state by implementing business-friendly policies, generating better-paying jobs, supporting skills training, and helping businesses become globally competitive.</p>
<p>Japan, according to Nakai, see potential areas for closer cooperation, one of which is space technology and exploration.</p>
<p>“NASA took a very bold step in privatizing its lower-end space program, which is responsible for the launching rockets and managing satellites,” said Nakai, who highlighted Japan’s reputation for managing one of the world’s most sophisticated advanced space technologies.</p>
<p>Because of the John F. Kennedy Space Center’s presence in the state, Florida is the most important center for space technology and space travel in the country and the world.</p>
<p>“(Florida) is one of the important hubs of the space business. There are several growing space businesses going on in cooperation with the state, local governments, and universities, like the aerospace economic development agency, Space Florida,” Nakai said.</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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'description' => 'Belgium-based supplier of semiconductor solutions Melexis has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Melexis.jpg" alt="" />
<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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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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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" />
<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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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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'content' => '<p>Following a two-year hiatus, the <a href="http://fl-seusjapan.org/" target="_blank" rel="noopener">Southeast U.S./Japan Association</a> and counterpart Japan-U.S. Southeast Association held its first in-person Annual Joint Meeting in Miami in early November. The four-day event came at an auspicious time for this year’s host.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-5-SEUS-Japan-Florida-Woodward.jpg" alt="" />
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<p>Since the beginning of the Covid-19 pandemic, Florida has experienced a boom in its property, financial services, tourism sectors, to name just a few, which further strengthened its economy, which in 2018, broke the $1 trillion GDP ceiling.</p>
<p>Based on that achievement, if the state of 21 million people were a separate economy, Florida would be among the world’s 15 richest economies, Southeast U.S-Japan Association Executive Director Dave Miller Woodward pointed out.</p>
<p>“Japan remains a key economic partner. It is the largest foreign direct investor overall in the United States and has ranked consistently as one of the top foreign direct investor countries in Florida, alongside Canada, the UK, and Germany. Beyond the business ties, Japan is truly a great friend and ally to the United States,” Woodward told GMI POST.</p>
<p>This year, more than 200 Japanese companies can be found across Florida while, according to Woodward, foreign direct investment from Japan has so far exceeded $10.6 billion. Because of the robust trade between Florida and Japan, cargo services and logistics are among the best performing sectors, with Japanese-owned Nippon Express leading the competition.</p>
<p>In performing its mission, the delegation works closely with the Governor’s Office, the Florida Department of State, Enterprise Florida, and local economic development organizations.</p>
<p>Founded in 1976, the Southeast U.S./Japan Association comprises eight members – Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia – with each assuming leadership of the group for two years and co-hosting, with its Japanese counterpart group, the annual meeting in their home state.</p>
<p>With the Japan/Southeast Association, Florida will act as co-host of the 45th Annual Meeting in Tokyo next year.</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH%20USA-NL-WK%206-Mayor%20of%20Chattanooga.jpg" alt="" />
<figcaption class="image-caption">Chattanooga Mayor Tim Kelly</figcaption>
</figure>
<p>“Having been a Honda dealer for a number of years, I looked up to Ichiro Honda as one of my leadership heroes because of the way he led that company during the course of his life. The philosophy of partnership that Honda embodies is very much my personal philosophy also,” Kelly said.</p>
<p>In running the city, the mayor applies his experience as a business executive.</p>
<p>“As a fan of Japanese culture and their business culture, I realize that we need to cultivate relationships. Japanese companies understand the value of partnership and the value of partnership over time,” he said.</p>
<p>The mayor also sees the ideal partnership between an incubator of technological innovation, Japan, and a well-established manufacturing center, Chattanooga.</p>
<p>“It might be somewhat rare in the United States to have a mayor with my background in and skill set with Japanese business. Tennessee is one of the premier states in the U.S. for foreign direct investment. I'm a little partial but Chattanooga is by far the most attractive city in the state. So, if any Japanese companies are considering investment in this part of the world, I hope that they will give Chattanooga a look,” Kelly said.</p>',
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(int) 1 => array(
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'id' => '545307',
'title' => 'Blount County EDC take small, sure steps towards growth',
'description_old' => null,
'description' => 'Situated between Birmingham and Huntsville, two of Alabama's largest cities, Blount County has harbored huge ambitions for the 12 municipalities that fall under its jurisdiction. Its location at the foothills of the Appalachian Mountains has attracted a special sort of domestic tourist - enthusiasts of outdoor sports, like kayaking, canoeing and rock climbing.',
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'content' => '<p>Situated between Birmingham and Huntsville, two of Alabama’s largest cities, <a href="https://blountcountyal.gov/" target="_blank" rel="noopener">Blount County</a> has harbored huge ambitions for the 12 municipalities that fall under its jurisdiction. Its location at the foothills of the Appalachian Mountains has attracted a special sort of domestic tourist – enthusiasts of outdoor sports, like kayaking, canoeing and rock climbing.</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%206-Blount%20County%20EDC-Don-Mitchell.jpg" alt="" />
<figcaption class="image-caption">Blount County Economic Development Council Executive Director Don Mitchell</figcaption>
</figure>
<p>Aware of its limitations, particularly its population (135,280 residents), Blount County also knows it possesses the right conditions that can attract more outside business and even investment from overseas. At the helm of this effort over the past few years is Don Mitchell, executive director of <a href="https://blountedc.com/" target="_blank" rel="noopener">Blount County Economic Development Council</a>.</p>
<p>“It would be ideal if a company employs 250 people or less. We'd love to have an opportunity to see if we can match them up with something here. I think they'd be very pleased with the work ethic because that's something our companies have and why some larger companies are expanding here,” said Mitchell, who previously co-founded and led another economic development council in the state, and headed the chamber of commerce in Arab.</p>
<p>Blount County, according to Mitchell, is ideal businesses that require mid-sized tracts of land (between 20 and 870 acres) and a small workforce. For potential investors from Japan and other parts of the world, the county boasts a deep pool of highly skilled workers trained and educated in top technical schools in the area and leading universities in Alabama.</p>
<p>Despite the long road ahead and the huge challenges entailed, Mitchell and the rest of his team take the needed steps and field all queries from all over, confident that one day Blount County will grow into a robust, dynamic business hub.</p>',
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'id' => '545308',
'title' => 'Auburn City, Alabama: If you build it, they will come',
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'description' => 'Auburn in Alabama has remained steadfast in its commitment to become an attractive and safe city, an environmentally conscious community, and one that is not just progressive, but also hospitable and responsive to the needs of everyone, locals and visitors alike.',
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'content' => '<p><a href="https://www.auburnalabama.org/" target="_blank" rel="noopener">Auburn in Alabama</a> has remained steadfast in its commitment to become an attractive and safe city, an environmentally conscious community, and one that is not just progressive, but also hospitable and responsive to the needs of everyone, locals and visitors alike.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-6-Auburn-Country-EDC-Arndt-Siepmann-2.jpg" alt="" />
<figcaption class="image-caption">Auburn City Economic Development Deputy Director Arndt Siepmann</figcaption>
</figure>
<p>Over the past few years, city officials and civic leaders have worked to make neighborhoods safer, increased access to education, especially for its youth, and create new economic opportunities for all its working residents.</p>
<p>Auburn has drawn in new business domestically and outside the United States. In fact, half the industries within the city are headquartered abroad. They have been successful at recruiting international businesses and the biggest draws for these institutions are its proximity to the Atlanta airport and the excellent public school system.</p>
<p>Arndt Siepmann, the deputy director of the city’s economic development department, credits his success the excellent hands-on support from their staff, which in turn, helps these companies ramp up and be successful. He noted that, Auburn is “a very fast-growing university town in a good location.” Because of that, companies will not encounter any difficulties recruiting and hiring highly skilled manpower.</p>
<p>To attract more business to the city, Auburn plans to strengthen its relationships with existing investors, believing that a good reputation and word of mouth are the most effective ways to publicize the assets and advantages of the city.</p>
<p>Down the road, when all of the city’s projects and initiatives have been completed and start paying off, other new business and investors from around the world will start heading to Auburn. Watch this space.</p>',
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'id' => '545309',
'title' => 'Miami Beach strikes gold outside its beaches',
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'description' => 'It's been 20 years since Art Basel made its first international debut in Miami Beach. From then on, the tourist hotspot has evolved into a cultural mecca, drawing in world-famous artists and wealthy art collectors. The transformation, in the words of Mayor Dan Gelber, was "incredibly dramatic and defining.',
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'content' => '<p>It’s been 20 years since Art Basel made its first international debut in <a href="https://www.miamibeachfl.gov/" target="_blank" rel="noopener">Miami Beach</a>. From then on, the tourist hotspot has evolved into a cultural mecca, drawing in world-famous artists and wealthy art collectors. The transformation, in the words of Mayor Dan Gelber, was “incredibly dramatic and defining.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-5-Miami-Beach-FL-Mayor-Gebler-2.jpg" alt="" />
<figcaption class="image-caption">Miami Beach Mayor Dan Gelber</figcaption>
</figure>
<p>The privately-run art fair, which runs from December 2 to 5, is organized in collaboration with the city’s local institutions, museums, art galleries and other cultural venues.</p>
<p>Before Art Basel Miami Beach, the city’s economy was dominated by holiday tourism, attracting between 10 to 15 million visitors, local and international, every year. Today, a new breed of visitors enjoy more than the city’s beaches.</p>
<p>Among the most popular cultural venues include the Miami City Ballet, the Bass Museum of Art, the Perez Art Museum Miami, Miami Children’s Museum, and the Frank Gehry-designed New World Center, which hosts the New World Symphony.</p>
<p>Apart from seeing the usual influx of beach lovers and culture vultures, Gebler has noted the post-Covid surge of arrivals from people from across the United States looking to settle in a place that facilitated the better work-life balance.</p>
<p>In South Florida, Miami Beach launched the Arts Force Housing program, which offers housing alternatives for people in the arts sector. The city has also experienced a building boom in commercial and office space to meet rising demand.</p>
<p>“The Class A office issue has always been present in South Florida for decades. But Miami has really put together a critical mass of Class A office spaces, which is why I think so many businesses are moving here,” Gelber told GMI POST.</p>
<p>“That’s been a priority of my city: to create more office space, create more pedestrian- and bike-friendly opportunities, and make the city more accessible to people. I want to foster a sense of community and create a safe and clean city, one that will be best version of Miami Beach in South Florida,” the mayor added.</p>',
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'id' => '545310',
'title' => 'Panasonic Automotive Systems achieves seamless delivery in North America',
'description_old' => null,
'description' => 'COVID-19 gave rise to a chain of serious problems that affected the entire world. Factory operations came to halt; supplies plummeted; deliveries were delayed; shortages caused price surges. Despite those grave economic challenges, Panasonic Automotive Systems bucked the global trend and reported record-breaking future orders.',
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'image' => null,
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'url' => 'panasonic-automotive-systems-achieves-seamless-delivery-in-north-america',
'tags' => 'Japan, US, Georgia, Panasonic Automotive Systems Company of America',
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'content' => '<p>COVID-19 gave rise to a chain of serious problems that affected the entire world, regardless of how hard the pandemic affected each individual country. Factory operations came to halt; supplies plummeted; deliveries were delayed; shortages caused price surges.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-5-Panasonic-Automotive-Systems-Kircher.jpg" alt="" />
<figcaption class="image-caption">Panasonic Automotive Systems Company of America President and CEO Scott Kirchner</figcaption>
</figure>
<p>Despite those grave economic challenges, <a href="https://na.panasonic.com/us/automotive-solutions" target="_blank" rel="noopener">Panasonic Automotive Systems</a> bucked the global trend and reported record-breaking future orders, thanks to its extensive network of regional offices, suppliers and logistics partners around the world.</p>
<p>Following the disruption, Panasonic Automotive Systems consolidated its status as the leading supplier to automotive original equipment manufacturers (OEMs) for infotainment systems and advanced connected car solutions. The Japanese company also devoted more attention to its North America, the world’s largest car market.</p>
<p>“We are the most complete end-to-end business in North America in terms of our capabilities for advanced engineering and product planning: from from concep, through design, production, manufacturing, post-sale service,” said Panasonic Automotive Systems Company of America President and CEO Scott Kirchner.</p>
<p>Kirchner attributes their operational excellence and success to the customer relationship built on trust over the years.</p>
<p>“We’ve demonstrated during COVID-19 that by protecting our supply chains, we made sure our customers weren’t disrupted by any lack of supply. We deliver on time and ensure high quality. We are very thorough and very sure that the parts we design not only meet our customers’ needs but also last a long time,” he said.</p>
<p>And as the global auto industry steps up the development and production of electric vehicles, Panasonic Automotive Systems remains steadfast in its commitment to design new products and deliver services that will further improve the lives of people, benefit local communities and, protect the environment.</p>
<p>On its commitment to sustainable development, Panasonic’s initiatives include ensuring that its manufacturing operations reduce its carbon footprint and switchto renewable sources of energy, according to Kircher.</p>',
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'id' => '545311',
'title' => 'Florida: A trillion-dollar economy in the big leagues',
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'description' => 'Since the beginning of the Covid-19 pandemic, Florida has experienced a boom in its property, financial services, tourism sectors, to name just a few, which further strengthened its economy, which in 2018, broke the $1 trillion GDP ceiling. ',
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'url' => 'florida-a-trillion-dollar-economy-in-the-big-leagues',
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'content' => '<p>Following a two-year hiatus, the <a href="http://fl-seusjapan.org/" target="_blank" rel="noopener">Southeast U.S./Japan Association</a> and counterpart Japan-U.S. Southeast Association held its first in-person Annual Joint Meeting in Miami in early November. The four-day event came at an auspicious time for this year’s host.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-5-SEUS-Japan-Florida-Woodward.jpg" alt="" />
<figcaption class="image-caption">Southeast U.S-Japan Association Executive Director Dave Miller Woodward</figcaption>
</figure>
<p>Since the beginning of the Covid-19 pandemic, Florida has experienced a boom in its property, financial services, tourism sectors, to name just a few, which further strengthened its economy, which in 2018, broke the $1 trillion GDP ceiling.</p>
<p>Based on that achievement, if the state of 21 million people were a separate economy, Florida would be among the world’s 15 richest economies, Southeast U.S-Japan Association Executive Director Dave Miller Woodward pointed out.</p>
<p>“Japan remains a key economic partner. It is the largest foreign direct investor overall in the United States and has ranked consistently as one of the top foreign direct investor countries in Florida, alongside Canada, the UK, and Germany. Beyond the business ties, Japan is truly a great friend and ally to the United States,” Woodward told GMI POST.</p>
<p>This year, more than 200 Japanese companies can be found across Florida while, according to Woodward, foreign direct investment from Japan has so far exceeded $10.6 billion. Because of the robust trade between Florida and Japan, cargo services and logistics are among the best performing sectors, with Japanese-owned Nippon Express leading the competition.</p>
<p>In performing its mission, the delegation works closely with the Governor’s Office, the Florida Department of State, Enterprise Florida, and local economic development organizations.</p>
<p>Founded in 1976, the Southeast U.S./Japan Association comprises eight members – Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia – with each assuming leadership of the group for two years and co-hosting, with its Japanese counterpart group, the annual meeting in their home state.</p>
<p>With the Japan/Southeast Association, Florida will act as co-host of the 45th Annual Meeting in Tokyo next year.</p>',
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'id' => '545294',
'title' => 'JICA: Promoting Japanese cooperation in Serbia',
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'description' => 'Since opening its Balkan Office in the Serbian capital Belgrade in 2006, the Japan International Cooperation Agency (JICA) has played an instrumental role in Serbia's social and economic development, lending financial assistance and technical cooperation as the executing agency of Japanese overseas development assistance.',
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'url' => 'jica-promoting-japanese-cooperation-across-the-world',
'tags' => 'Japan, Serbia, Japan International Cooperation Agency',
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'content' => '<p>Since opening its Balkan Office in the Serbian capital Belgrade in 2006, the <a href="https://www.jica.go.jp/english/index.html" target="_blank" rel="noopener">Japan International Cooperation Agency (JICA)</a> has played an instrumental role in Serbia’s social and economic development, lending financial assistance and technical cooperation as the executing agency of Japanese overseas development assistance.</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-3-JICA.jpg" alt="" />
<figcaption class="image-caption">JICA Balkan Office Chief Representative Masahiro Ueki</figcaption>
</figure>
<p>The <a href="https://www.jica.go.jp/balkan/english/office/index.html" target="_blank" rel="noopener">JICA Balkan Office</a>, according to Chief Representative Masahiro Ueki, focuses on three key areas in Serbia in accordiance to the aid policy of the Japanese government: private sector development, environmental conservation, and improvement of social and economic services. In carrying out its work, the JICA Balkan Office also promotes the strong relations between two countries.</p>
<p>Among the government agency’s newest programs is <a href="https://www.jica.go.jp/english/news/field/2020/20210126_01.html" target="_blank" rel="noopener">Project NINJA</a>, launched in 2020.</p>
<p>“NINJA stands for Next Innovation with Japan. Under Project NINJA, JICA helps startups that can also contribute to solving social issues in developing countries. Last year, we brought Project NINJA to Serbia and selected seven local startups for a three-month acceleration program wherein they got business training and mentorship. After the acceleration program, we hold a Demo Day, wherein the startup founders get to present and pitch their ideas to investors,” Ueki told GMI POST.</p>
<p>Another flagship program is <a href="https://www.jica.go.jp/dsp-chair/english/chair/overview/index.html" target="_blank" rel="noopener">JICA Chair</a> (JICA program for Japanese studies).</p>
<p>JICA Chair, Ueki said, provides Serbian university students with the opportunity to learn about Japan’s history and experiences as it went through modernization, hoping the chosen students will contribute to the development of Serbia in the future and to further strengthening bilateral relations.</p>
<p>In Serbia, JICA Chair is held in the University of Belgrade and, so far, has comprised three intensive lectures. The JICA Balkan Office plans to deliver more of these special lectures by March next year.</p>
<p>As Serbia and Japan celebrate 140 years of bilateral relations, the JICA Balkan Office head hopes to generate more interest in Serbia through its activities.</p>',
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'id' => '545295',
'title' => 'Vojvodina: Flowing into the future',
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'description' => 'Established in 2017 by the local government, the Vojvodina Development Agency (RAV) aims to attract more foreign and domestic investments to the autonomous province. With a recent influx of Japanese investment in the region, GMI POST sat down with RAV Head of National and International Funds Biljana Vrzic and Head of Investment Ivan Borovcanin to find out the organization's next steps. ',
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<figcaption class="image-caption">RAV Head of National and International Funds Biljana Vrzic</figcaption>
</figure>
<p>Established in 2017 by the local government, the <a href="https://rav.org.rs/" target="_blank" rel="noopener">Vojvodina Development Agency (RAV)</a> aims to attract more foreign and domestic investments to the autonomous province. With a recent influx of Japanese investment in the region, GMI POST sat down with RAV Head of National and International Funds Biljana</p>
<p>Vrzic and Head of Investment Ivan Borovcanin to find out the organization’s next steps.</p>
<p>“In the last two years, we’ve seen a definite rise in new inquiries about Vojvodina,” pointed out Borovcanin, who goes on to say that around 80% of all visits of foreign investors are from the automotive sector. Currently, the region’s biggest foreign investors include Japanese multinationals like Japan Tobacco International (JTI), Nidec, and Toyo Tires.</p>
<p>For Vrzic, Vojvodina has become a favorite investment destination for Japanese companies mainly because of competitive operating costs, favorable tax system, incentives, and location.</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-3-RAV-Borovcanin.jpg" alt="" />
<figcaption class="image-caption">RAV Head of Investment Ivan Borovcanin</figcaption>
</figure>
<p>“Vojvodina is in a very good position in Europe. We are on the border with the EU and are bordered by several countries. It’s an ideal location for cost-effectively distribution products to the region, and EU,” she said. Also, according to Vrzic, residents are very welcoming and work-driven, traits that are very familiar to the Japanese.</p>
<p>Since 2010, RAV hopes to strengthen its partnerships with various Japanese institutions, like Japan International Cooperation Agency (JICA), Japan External Trade Organization (JETRO), and Japan Business Alliance in Serbia (JBAS).</p>',
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'title' => 'Berlitz in Serbia: Teaching the language of quality and efficiency ',
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'description' => 'Beginning as a language school in the United States nearly 150 years ago, Berlitz has built a worldwide reputation for foreign language instruction and has stayed relevant in the 21st century by branching out into leadership training. Company Director Michela Bernacca met with GMI POST to share Berlitz's history in Serbia and its journey in becoming the leading language and corporate training school in the country.',
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'content' => '<p>Beginning as a language school in the United States nearly 150 years ago, <a href="https://www.berlitz.com/" target="_blank" rel="noopener">Berlitz</a> has built a worldwide reputation for foreign language instruction and has stayed relevant in the 21st century by branching out into leadership training, recognizing that effective communication is a sought-after skill in any workplace anywhere 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-3-Berlitz-Bernacca.jpg" alt="" />
<figcaption class="image-caption">Berlitz Serbia Company Director Michela Bernacca</figcaption>
</figure>
<p><a href="https://www.berlitz.co.rs/serbian-for-foreigners" target="_blank" rel="noopener">Berlitz Serbia's</a> Company Director Michela Bernacca met with GMI POST to share Berlitz’s history in Serbia and its journey in becoming the leading language and corporate training school in the country.</p>
<p>“Berlitz already existed in Serbia before World War I. It was one of the first few Berlitz centers to open in Europe, together with those in Paris and Rome,” said Bernacca, who added that the school closed down during World War II and did not reopen until 2004.</p>
<p>Under Michela and her husband, Berlitz in Serbia has become the market leader, serving three distinct markets: children, private individuals and corporate partners, which include Mercator, Dior, Gorenje, Japan Tobacco International, and the Japan International Cooperation Agency.</p>
<p>“We provide the most efficient way to learn a language. Everybody in the business world is short of time, and so we set the right goals for the client. And after conducting analysis and a placement test, we see where the clients are, where the clients want to be, and the fastest way to get them where they want to be, Bernacca said.</p>
<p>With more than 40,000 students, Berlitz in Serbia is committed to its brand of excellence in language instruction, not just for its corporate clients but also for private individuals, young and old.</p>
<p>“I invite investors to come to Serbia and see for themselves how welcoming the people are here, how beautiful the country is, and how much Belgrade has to offer in terms of the quality of our food, leisure activities, arts and culture, and also the quality of the workforce here,” said Bernacca, who pointed out that the best way to learn a new language is to immerse oneself in the local culture.</p>',
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'title' => 'Frankfort, Kentucky: A home of top Japanese brands',
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'description' => 'Mayor Layne Wilkerson believes that direct investment from Japan has played a vital role in the growth of Frankfort, as well as in its long-term success. The capital of The Bluegrass State hosts nine Japanese businesses and is proud of the increasing economic and cultural diversity that came with the influx of foreign investment.
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'content' => '<p>Mayor Layne Wilkerson believes that direct investment from Japan has played a vital role in the growth of <a href="https://frankfort.ky.gov/" target="_blank" rel="noopener">Frankfort</a>, as well as in its long-term success. The capital of The Bluegrass State, Frankfort has nurtured a fruitful partnership with Japan over the last few decades.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-5-City-of-Frankfort-KY-Mayor.jpg" alt="" />
<figcaption class="image-caption">Frankfort Mayor Layne Wilkerson</figcaption>
</figure>
<p>Frankfort alone hosts nine Japanese businesses and is proud of the increasing economic and cultural diversity that came with the influx of foreign investment.</p>
<p>Among the state’s flagship foreign investors is Toyota Motor Manufacturing Kentucky (TMMK). The Japanese car giant initiated operations in the state with a manufacturing facility valued at $1.33 billion, around a tenth of the amount to be invested across the whole country over the next five years. This was on top of the nearly $22 billion already invested in the United States.</p>
<p>For Wilkerson, Frankfort must promote new opportunities for Japanese investors in advanced manufacturing, including the “automotive, electric vehicles and food and beverage sectors.”</p>
<p>As the home of world famous bourbon, Frankfort has also attracted interest from whisky-loving Japan. In 2014, Japan-based brewer and distiller Suntory acquired Jim Beam, the well-loved home-grown makers of bourbon whiskey.</p>
<p>Other Japanese companies that found a home in Frankfort are IDT Tools, Inc., Mitsui Kinzoku Catalysts America (MKCA), and Nishida Art Speciality Composite America.</p>
<p>“We are looking forward to exciting new opportunities and partnerships with the wonderful people of Japan. In these difficult times, it’s important to create a strong and durable volume with our economic partners. Frankfort has a proven track record of establishing and maintaining the climate necessary for Japanese companies to locate here and be successful,” the mayor said.</p>',
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'id' => '545299',
'title' => 'Maury County in top 5% of U.S. counties with fastest growing economies',
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'description' => 'Located along Interstate 65 (I-65), Maury County in Tennessee lies between Nashville and Huntsville in Alabama, two of the fastest-growing markets in the country. Its proximity to Nashville International Airport has further boosted the county's appeal to international companies looking for ideal centers of operation.',
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'content' => '<p>Located along Interstate 65 (I-65), Maury County in Tennessee lies between Nashville and Huntsville in Alabama, two of the fastest-growing markets in the country. Its proximity to Nashville International Airport has further boosted the county’s appeal to international companies looking for ideal centers of operation.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK-5-Maury-County-Chamber-Travis-Groth.jpg" alt="" />
<figcaption class="image-caption">Travis Groth, the vice president of economic development of the Maury County Chamber and Economic Alliance</figcaption>
</figure>
<p>Because of its location and transport connectivity, Maury County finds itself in the top 5% of all counties in the United States in terms of growth rates, according to Travis Groth, the vice president of economic development of the <a href="https://mauryalliance.com/" target="_blank" rel="noopener">Maury County Chamber and Economic Alliance</a>.</p>
<p>For Groth, Maury County achieved economic growth objectives by supporting existing industries, recruiting new industries, building new products and sites, and developing its workforce.</p>
<p>Leading the region’s economic players, U.S. auto giant General Motors (GM) opened its largest North American production facility in Spring Hill, Maury County in 1990. Then in 2019, GM said it was spending more than $2 billion to develop the manufacturing complex to help in the assembly of its electric vehicles, like the battery-electric crossover Cadillac Lyriq.</p>
<p>Within six months of that development, GM and LG Chem, the largest South Korean chemical company, announced a joint venture to build the second Ultium Cells LLC production facility in Maury County.</p>
<p>“Within just 18 months, we had over $4 billion worth of investment announced,” stressed Groth, who expressed huge satisfaction in seeing the presence of Japanese companies such as Nissan, Mazda, Toyota, Fuel Total Systems, and Sekisui Plastics in the region and his admiration for how they look after their employees and contribute to the community.</p>
<p>“I would like the Japanese business community or Japanese companies to know that a lot of their important values align with the values that Maury County consider important as well,” he said.</p>',
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'title' => 'Miami eyes collaboration with Japan in space technology',
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'description' => 'Florida traces back its trade ties to Japan as far back as the mid-19th century when the first shipment of home-grown grapefruits was exported across the Pacific. More than a century later, bilateral ties have expanded into finance, life sciences, advanced technology, and aeronautics and space exploration.',
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'content' => '<p>Florida traces back its trade ties to Japan as far back as the mid-19th century when the first shipment of home-grown grapefruits was exported across the Pacific. More than a century later, bilateral ties have expanded into finance, life sciences, advanced technology, and aeronautics and space exploration.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-4-Japan-Consulate-in-Miami-Nakai.jpg" alt="" />
<figcaption class="image-caption">Japan's Consul General in Miami Kazuhiro Nakai</figcaption>
</figure>
<p><a href="https://www.miami.us.emb-japan.go.jp/itprtop_en/index.html" target="_blank" rel="noopener">Japan’s Consul General in Miami</a> Kazuhiro Nakai pointed out that while his country remains one of the largest sources of foreign direct investment in the state, particularly in Miami, it wants to revive bilateral business, which suffered because of the Covid-19 pandemic two years ago.</p>
<p>As part of his mission, Nakai also organizes meetings and get-togethers between government officials, business leaders, as well as state and regional economic development organizations from neighboring states like, Alabama, Georgia, Kentucky, Mississippi, North Carolina, and South Carolina.</p>
<p>The state’s leading economic development organization, Enterprise Florida works to create new investment opportunities in the state by implementing business-friendly policies, generating better-paying jobs, supporting skills training, and helping businesses become globally competitive.</p>
<p>Japan, according to Nakai, see potential areas for closer cooperation, one of which is space technology and exploration.</p>
<p>“NASA took a very bold step in privatizing its lower-end space program, which is responsible for the launching rockets and managing satellites,” said Nakai, who highlighted Japan’s reputation for managing one of the world’s most sophisticated advanced space technologies.</p>
<p>Because of the John F. Kennedy Space Center’s presence in the state, Florida is the most important center for space technology and space travel in the country and the world.</p>
<p>“(Florida) is one of the important hubs of the space business. There are several growing space businesses going on in cooperation with the state, local governments, and universities, like the aerospace economic development agency, Space Florida,” Nakai said.</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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'title' => 'ITOCHU invests in U.S. hydrogen aircraft engine maker ZeroAvia',
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'description' => 'Japanese trading giant ITOCHU announced this month it had invested in ZeroAvia, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.',
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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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'description' => 'The U.S. subsidiary of Japanese group FANUC, one of the world's largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.',
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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
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<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
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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>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
<p>“The National University Centre for Trauma represents decades of efforts in refining our trauma care expertise for our injured patients to return to their lives and achieve their dreams. It also aims to prevent trauma from occurring in the first place with data-driven injury prevention efforts,” said <strong>National University Centre for Trauma Director Raj Menon.</strong></p>
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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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'description' => 'Since the beginning of the Covid-19 pandemic, Florida has experienced a boom in its property, financial services, tourism sectors, to name just a few, which further strengthened its economy, which in 2018, broke the $1 trillion GDP ceiling. ',
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'content' => '<p>Following a two-year hiatus, the <a href="http://fl-seusjapan.org/" target="_blank" rel="noopener">Southeast U.S./Japan Association</a> and counterpart Japan-U.S. Southeast Association held its first in-person Annual Joint Meeting in Miami in early November. The four-day event came at an auspicious time for this year’s host.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-5-SEUS-Japan-Florida-Woodward.jpg" alt="" />
<figcaption class="image-caption">Southeast U.S-Japan Association Executive Director Dave Miller Woodward</figcaption>
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<p>Since the beginning of the Covid-19 pandemic, Florida has experienced a boom in its property, financial services, tourism sectors, to name just a few, which further strengthened its economy, which in 2018, broke the $1 trillion GDP ceiling.</p>
<p>Based on that achievement, if the state of 21 million people were a separate economy, Florida would be among the world’s 15 richest economies, Southeast U.S-Japan Association Executive Director Dave Miller Woodward pointed out.</p>
<p>“Japan remains a key economic partner. It is the largest foreign direct investor overall in the United States and has ranked consistently as one of the top foreign direct investor countries in Florida, alongside Canada, the UK, and Germany. Beyond the business ties, Japan is truly a great friend and ally to the United States,” Woodward told GMI POST.</p>
<p>This year, more than 200 Japanese companies can be found across Florida while, according to Woodward, foreign direct investment from Japan has so far exceeded $10.6 billion. Because of the robust trade between Florida and Japan, cargo services and logistics are among the best performing sectors, with Japanese-owned Nippon Express leading the competition.</p>
<p>In performing its mission, the delegation works closely with the Governor’s Office, the Florida Department of State, Enterprise Florida, and local economic development organizations.</p>
<p>Founded in 1976, the Southeast U.S./Japan Association comprises eight members – Alabama, Florida, Georgia, Mississippi, North Carolina, South Carolina, Tennessee, and Virginia – with each assuming leadership of the group for two years and co-hosting, with its Japanese counterpart group, the annual meeting in their home state.</p>
<p>With the Japan/Southeast Association, Florida will act as co-host of the 45th Annual Meeting in Tokyo next year.</p>',
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Florida: A trillion-dollar economy in the big leagues
Since the beginning of the Covid-19 pandemic, Florida has experienced a boom in its property, financial services, tourism sectors, to name just a f...
