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'description' => 'Responding to a large influx of Japanese-owned businesses into South Carolina in the 1980s, a group of local business leaders got together to form the Japan-America Association of South Carolina (JAASC) in 1988 with the aim of promoting better cultural understanding between Japanese and Americans, particulary residents of the state.',
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'content' => '<p>Responding to a large influx of Japanese-owned businesses into South Carolina in the 1980s, a group of local business leaders got together to form the <a href="https://jaasc.org/" target="_blank" rel="noopener">Japan-America Association of South Carolina (JAASC)</a> in 1988 with the aim of promoting better cultural understanding between Japanese and Americans, particulary residents of the state.</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-4-Japan-America-Association-of-SC-Logo.jpg" alt="" />
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<p>Aside from organizing various social activities and events throughout the year, the non-profit organization also helps in financing the Japanese Saturday School in Greenville. The school, through its curriculum that includes mathematics and literature, allows its students to maintain and improve their Japanese language skills in case they ever return to Japan to continue their education or pursue university studies there.</p>
<p>Over the past few decades, South Carolina has witnessed ties between the local and Japanese expatriate communites grow closer and more integrated, not only in the social sphere but also in the economic field.</p>
<p>“The industries that are growing the fastest here the are automotive, aerospace and advanced materials sectors,” said JAASC Co-Chair Craig Lundgren.</p>
<p>Among the long-time Japanese players in South Carolina are Mitsubishi, JTEKT Automotive, Fujikura and Showa Denko Carbon.</p>
<p>Amid the consistent growth of large manufacturers, South Carolina has also seen promising performances from niche sectors, like life sciences, biotechnology, medical technology, and information computing. Thanks to the presence of the Uniiversity of South Carolina and Clemson University, technology companies have easy access to highly-skilled workers.</p>
<p>“South Carolina is a great environment in which to thrive because of our rich natural resources, welcoming community, and a workforce equipped with technical skills. JAASC will help promote investment and make it easier for companies and individuals to move here by fostering greater understanding through meaningful educational, social, and cultural exchanges,” said JAASC Co-Chair Kayla Murdaugh.</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-4-Palm-Beach.jpg" alt="" />
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<p>Because of the huge changes in work arrangements that took place at the height of the Covid-19 pandemic in 2020, Palm Beach saw a sharp rise in arrivals from Massachusetts, Connecticut, and New York, in particular, with a significant number coming from financial services, like hedge funds, wealth management, family firms, and private equity.</p>
<p>Amid the surge in arrivals, there has been a real estate boom as around 5 million square feet of office space is being built to accommodate demand. The pandemic necessitated remote work for thousands of workers, an arrangement that yielded the same level of productivity without the office setup.</p>
<p>To attract more investment, Palm Beach County launched a national advertising campaign to inform potential stakeholders that key office spaces were ready to accommodate new and migrating businesses and can provide the workforce they may need.</p>
<p>The county’s business-friendly policies include expedited business registrations, as well as a concierge service where individuals, families, and companies can inquire about the availability of schools, medical services, doctors, hospitals, and other private services.</p>',
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'content' => '<p>Anticipating an influx of outside investment, the city of Columbus in western Georgia has begun developing more sites that can serve as efficient business hubs for new investors, making sure they are well connected to neighboring areas and situated close to vital services and transport facilities.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-3-Columbus-Chamber-of-Commerce-Jarred-Mitchell-CEO.jpg" alt="" />
<figcaption class="image-caption">Greater Columbus Chamber of Commerce CEO Jerald Mitchell</figcaption>
</figure>
<p>“We are well positioned to support businesses, no matter what size, so that they remain resilient despite any challenge in the economic environment,” said <a href="https://columbusgachamber.com/" target="_blank" rel="noopener">Greater Columbus Chamber of Commerce</a> CEO Jerald Mitchell.</p>
<p>“The technology and manufacturing arenas are where we can excel and be the best support for these companies. We know that there’s a large presence of technology companies in Japanese industry, and we are welcoming them with open arms,” he added.</p>
<p>For Mitchell, Columbus is a friendly place with a inexpensive costs for housing, travel, and food compared to nearby regions, as well as a reliable source of top talent because of Columbus State University.</p>
<p>Apart from building more office space, the city’s development plan envisions the construction of an airport and a high-speed rail link.</p>
<p>“One of the things that we’re going to have in the near term is 120,000 Class A office spaces along the Chattahoochee River. We want to make sure that we continue keeping our foot on the gas,” Mitchell said.</p>',
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'id' => '545281',
'title' => 'Kodar: Forging a future on clean energy',
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'description' => 'With more than six decades of building and managing energy and telecommunications projects, Kodar Energomontaza, is the leading engineering, procurement, and construction (EPC) company in Southeast Europe. Its president, Nikola Oklobdzija, met with GMI POST to share his thoughts about the company's mission and its future.',
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'content' => '<p>With more than six decades of building and managing energy and telecommunications projects, <a href="https://www.kodar.rs/en/" target="_blank" rel="noopener">Kodar Energomontaza</a>, is the leading engineering, procurement, and construction (EPC) company in Southeast Europe. Its president, Nikola Oklobdzija, met with GMI POST to share his thoughts about the company’s mission and its future.</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-2-Kodar-Nikola-Oklobdzija.jpg" alt="" />
<figcaption class="image-caption">Kodar President Nikola Oklobdzija</figcaption>
</figure>
<p>It’s time, according to Oklobdzija, that sustainable energy becomes a priority.</p>
<p>The company chief pointed out that Kodar has been focused on building sources of clean energy as well as the necessary infrastructure needed to connect these new capacities to the grid, to complement the Serbian government’s commitment to transition to “green energy solutions.”</p>
<p>Because they benefit people and the planet, clean energy and sustainable growth have been at the heart of Kodar’s mission in the last few years. As early as 2019, the company set up its first solar facility, on the rooftop of an existing structure This solar power plant now accounts for more than 20% of the facility’s electricity consumption.</p>
<p>“Renewable technologies allow us to generate clean energy that has less impact on the environment than conventional technologies. By increasing our green energy production capacity, we give back to the planet by reducing our greenhouse gas emissions, thus responding to the challenge of global warming. We are committed to building a better world and, through great projects, help humanity progress towards a sustainable future and connectivity,” Oklobdzija said.</p>
<p>Encouraged by the fact its facilities improve people’s lives, Kodar is using its acquired knowhow and technology to develop new projects in the fields of telecommunications and energy generation.</p>',
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'id' => '545282',
'title' => 'Aquafarm SEE: Promoting Serbian-Japanese cooperation',
'description_old' => null,
'description' => 'Set up by Kihachiro Nishiura in 2015, Aquafarm SEE has stayed very focused on its objective to strengthen cooperation and build new connections between Japan and Southeast Europe on a wide range of fields including trade, agriculture, research, as well as tourism and cultural exchange.',
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'content' => '<p>Set up by Kihachiro Nishiura in 2015, <a href="https://www.aquafarm-see.com/home" target="_blank" rel="noopener">Aquafarm SEE</a> has stayed very focused on its objective to strengthen cooperation and build new connections between Japan and Southeast Europe on a wide range of fields including trade, agriculture, research, as well as tourism and cultural exchange.</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-2-Aquafarm-Aleksandar-Arbutina.jpg" alt="" />
<figcaption class="image-caption">Aquafarm SEE Director General Aleksandar Arbutina</figcaption>
</figure>
<p>“Agriculture has always been part of our focus,” Aquafarm SEE Director General Aleksandar Arbutina told GMI POST. Among its current projects, Arbutina said, is the reconstruction of a six-hectare greenhouse that it acquired in 2019 and is being fitted for the production of organic food items for both the local and global markets.</p>
<p>With one of the most fertile lands in Europe and deep roots in food production, Serbia plays a significant part in the growth plans of Aquafarm SEE, according to Arbutina.</p>
<p>Outside of agriculture, he adds, Aquafarm SEE has strengthened bilateral ties through a youth-focused program called the Balkan Japan Bowl, a quiz competition centered on Japanese history and culture for students in the Balkan region. Since it began in 2017, many young people from the Balkan region have participated in the competition. The success of the Balkan Japan Bowl is attributed to the support given by various Japanese companies, like Seiko.</p>
<p>“We (Aquafarm SEE) started from zero and grew in Serbia,” said Arbutina, who urged people to look into the group’s other projects.</p>
<p>As the official representative of the Balkan region to the Japan Southeast Europe Business Association, Arbutina is exploring new avenues through which Aquafarm SEE can expand cultural and art exchanges between Southeastern European countries and Japan.</p>',
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'id' => '545283',
'title' => 'Treninzi: Effective communication made accessible',
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'description' => 'With more than a decade of communication and sales training under his belt, Marko Burazor founded Treninzi with his collaborator Miodrag Kostic to equip Serbia's top business leaders with communication skills that will benefit their respective companies. ',
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'url' => 'treninzi-effective-communication-made-accessible',
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'content' => '<p>With more than a decade of communication and sales training under his belt, Marko Burazor founded <a href="http://treninzi.rs/" target="_blank" rel="noopener">Treninzi</a> with his collaborator Miodrag Kostic to equip Serbia’s top business leaders with communication skills that will benefit their respective companies.</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-2-Treninzi-Burazor.jpg" alt="" />
<figcaption class="image-caption">Treninzi Founder Marko Burazor</figcaption>
</figure>
<p>“Treninzi means training in English because that’s really what we provide,” said Burazor, who pointed out that his company creates world-class workshops to the elevate verbal and non-verbal communication, sales, and overall organization skills of their clients’ employees.</p>
<p>A long-time consultant for the Japanese International Cooperation Agency, Burazor integrated the Japanese philosophy of <em>kaizen, </em>or continuous improvement, in his training programs and found that it well accepted in Serbia because it helped in meeting the common objectives of quality control, on-time delivery and waste reduction.</p>
<p>Asked why Japanese businesses should consider investing in Serbia, Burazor pointed to the open and hospitable nature of Serbians, adding that many of his colleagues from Japan had expressed delight in the quality of service they receive from Serbian businesses.</p>
<p>“With us, you always have a friend. At least, you will have an enjoyable time here and very good food. Very good food, believe me. Now, we also have many Japanese restaurants, not only to eat sushi but also miso soup, gyoza, or whatever I want to eat. So, Serbia has good location,” he said.</p>',
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'id' => '545275',
'title' => 'Alabama's Greater Birmingham Region: More than carmaking',
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'description' => 'The Birmingham Business Alliance (BBA) helps businesses start, stay and succeed in the Greater Birmingham Region, home to over 1.1 million people across its seven-county footprint. Part of the team that recruited Honda and Mercedes to set up shop in the region, the group is now showing a wider range of industries that Birmingham has even more to offer businesses.',
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'content' => '<p>The <a href="https://www.birminghambusinessalliance.com/" target="_blank" rel="noopener">Birmingham Business Alliance (BBA)</a> helps businesses start, stay and succeed in the Greater Birmingham Region, home to over 1.1 million people across its seven-county footprint. Part of the team that recruited Honda and Mercedes to set up shop in the region, the group is now showing a wider range of industries that Birmingham has even more to offer businesses.</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-4-Birmingham-Business-Alliance-EMily-Hall-CEO.jpg" alt="" />
<figcaption class="image-caption">Birmingham Business Alliance President and COO Emily Jerkins Hall</figcaption>
</figure>
<p>Following the entry of Honda, more than 25 Japanese companies followed suit, including over 10 auto parts manufacturers, contributing more than $220 million in capital investment since 2011, among them Yorozu, which created 300 new jobs when it inaugurated its $100 million Walker County-plant in 2018.</p>
<p>“We continue to see organic growth from automotive suppliers working with Mercedes and Honda,” said BBA President and COO Emily Jerkins Hall.</p>
<p>Outside the automobile sector, Birmingham has also attracted investment from Japanese companies, like Dai-ichi Life, which acquired the financial service holding company Protective Life Corporation, currently one of Birmingham’s largest employers. This partnership has led to over $34 million of investments in the community, including a new downtown stadium and medical research at the University of Alabama at Birmingham (UAB) and Southern Research.</p>
<p>To expand its business network, the BBA regularly participates in trade missions and trade shows attended by Japanese-based companies.</p>
<p>“We are grateful for Japan’s continued interest in the Greater Birmingham Region and Alabama. Foreign direct investment makes our economy more resilient and generates more and better jobs for our people. We’re grateful for Japan’s contribution to our economic transformation and continued investment in the Greater Birmingham region,” Hall said.</p>',
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'id' => '545276',
'title' => 'Kentucky Wesleyan College seeks more international students',
'description_old' => null,
'description' => '"Being aware of a global economy, a global market, and of what's outside your own borders, not just those of your town, your state, but of your country is extremely important," said Kentucky Wesleyan College President Thomas Mitzel, laying out his vision for the private liberal arts founded in 1858.',
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'url' => 'kentucky-wesleyan-college-seeks-more-international-students',
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'content' => '<p>“Being aware of a global economy, a global market, and of what’s outside your own borders, not just those of your town, your state, but of your country is extremely important,” said Kentucky Wesleyan College President Thomas Mitzel, laying out his vision for the private liberal arts founded in 1858.</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-4-Kentucky-Wesleyan-College-Mitzel.jpg" alt="" />
<figcaption class="image-caption">Kentucky Wesleyan College President Thomas Mitzel</figcaption>
</figure>
<p>Located in Owensboro, <a href="https://kwc.edu/" target="_blank" rel="noopener">Kentucky Wesleyan College</a> does not have a sizeable population of international students but has seen the number rising over the past decade. Mitzel wants to reach international enrollment of between 8 to 10% by the end of his tenure, partly through student and faculty exchange programs.</p>
<p>“I hope to see every one of our students do an internship before he or she graduates. If we have Japanese students who wish to work with American companies and vice versa], I think that would just be a wonderful outreach,” he said.</p>
<p>While internship programs allow students to get immersed in the profession they wish to pursue, the industries that may be hiring them get a much better understanding of their capabilities, according to Mitzel.</p>
<p>“Historically, KWC students who have done the internships tend to get hired for jobs in those companies. And many of them will stay with those companies upon graduation. I would offer that same possibility to [all] our international students,” he said.</p>
<p>As a college that offers only four-year undergraduate programs, KWC students get involved in research during their undergraduate studies, instead of during the post-graduate stage like in other institutions, according to Mitzel.</p>
<p>“With the type of education and experience they get here, we are really educating our next generation leaders and not just pushing people out to get a job. We help them find a career, find out where they’re good at, and make sure that they find their place in a positive manner when they step into the workplace,” he said.</p>',
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'id' => '545277',
'title' => 'Bullitt County: A partner for the future',
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'description' => 'For more than 40 years, the Bullitt County Economic Development Authority has successfully lured families and business to relocate to the area, highlighting its natural landscape and surroundings with its lush forests, rolling hills, and clean lakes and rivers.',
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'content' => '<p>For more than 40 years, the <a href="http://www.gobullittky.com/" target="_blank" rel="noopener">Bullitt County Economic Development Authority</a> has successfully lured families and business to relocate to the area, highlighting its natural landscape and surroundings with its lush forests, rolling hills, and clean lakes and rivers.</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-4-Bullitt-County-ED-Building.jpg" alt="" />
<figcaption class="image-caption">In Louisville-Jefferson County, industrial spaces are contracted for leasing many months before the completion of construction.</figcaption>
</figure>
<p>Bullitt County Economic Development Authority Executive Director pointed out that 2021 saw its second-best performance in terms of economic growth. Out of 9 million square feet of available land, the county was able to lease out 4.3 million square feet last year. Fouts is very optimistic about next year.</p>
<p>In normal circumstances, according to Fouts, a lot of office and commercial space in the area remains on the market for six months even after construction. In the past eight months, there are spaces that are contracted for leasing even before completion of construction.</p>
<p>“The county grew through the last recession because of our location and the availability of buildings,” he said.</p>
<p>On Bullitt County’s international business, Fouts said there were about six companies that were exporting their products, such as transmission parts and diesel engine parts to Japan, which contributed heavily to the area’s economy.</p>
<p>Fouts is encouraging potential investors from Japan to consider coming to Bullitt County and checking out the various opportunities.</p>
<p>“We are seeking more manufacturing. We will work with them to make their businesses successful,” he said.</p>',
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'id' => '545278',
'title' => 'Japan is Georgia's top foreign direct investor',
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'description' => 'Under then Gov. Jimmy Carter, Georgia strengthened its efforts to strengthen ties between Georgia and Japan by opening its first international trade office in Tokyo in the early 1970s. Around half a century later, the effort has paid off handsomely. ',
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'content' => '<p>Under then Gov. Jimmy Carter, Georgia strengthened its efforts to strengthen ties between Georgia and Japan by opening its first international trade office in Tokyo in the early 1970s.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-3-Japan-America-Society-of-Georgia-Domoto-with-Peace-Bell.jpg" alt="" />
<figcaption class="image-caption">Japan-America Society of Georgia Executive Director Yoshi Domoto at the inauguration of The Peace Bell installed at The Carter Center in Atlanta.</figcaption>
</figure>
<p>Around half a century later, the effort has paid off handsomely. Japanese companies in Georgia have contributed around $11 billion to the state economy and have employed around 40,000 people.</p>
<p>Recognizing the bright prospects of ties with Georgia, JETRO opened an office in Atlanta in 1985 and kicked off, shortly after, JapanFest Atlanta, the first in the Southeastern USA. The event has been held continuously and has grown in size despite global recessions and other crises, including the ongoing COVID-19 pandemic.</p>
<p>Unfazed by such disruptions, Japanese companies remain confident in the economic outlook of Georgia and have even increased their operations. Heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet rising demand for tractors in North America, while YKK Group, the world’s largest manufacturer of zippers and other fastening products, is expanding its facilities in the state.</p>
<p>Amid the influx of fresh investment, <a href="https://www.jasgeorgia.org/" target="_blank" rel="noopener">Japan-America Society of Georgia</a> Executive Director Yoshi Domoto believes that retaining existing investors is equally important in the state, traditionally an agricultural economy making new inroads in manufacturing and financial technology. For him, the answer to that challenge revolves around people-to-people relationships.</p>
<p>JASG finds all the means for Japanese and Americans to build long-lasting friendships that transcend business, like cultural and student exchange programs, among them a 10-year partnership with J. F. Oberlin University, a private university in Tokyo.</p>
<p>“Business and economic development wouldn’t be possible without the personal connections that we make with people from around the world and people from Georgia and people from Japan,” he said.</p>
<p>To celebrate the long friendship between Japan and Georgia, the Japan-America Society of Georgia, the Japanese Chamber of Commerce of Georgia, the Consulate General of Japan in Atlanta, and JETRO Atlanta are working on completion of the Peace Bell Tower at The Carter Center.</p>',
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'id' => '545279',
'title' => 'Mitsubishi UFJ Financial Group to expand in Charlotte, North Carolina',
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'description' => 'In working to grow public-private partnerships, all decisions of Charlotte Center City Partners are based on research, urban planning, transportation planning, and community development and geared toward placed-based economic development.
"The Charlotte community is really known for its attribute of being very business-friendly and very growth-focused. We're big believers in having a shared vision with collective action," said Charlotte Center City Partners CEO Michael Smith.',
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'content' => '<p>More than 80 Japanese firms, seven different organizations, and three different language schools that support the Japanese language are situated in and around Charlotte’s Center City, the central business district of Charlotte, North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-3-Charlotte%20City%20NC-Michael%20Smith.jpg" alt="" />
<figcaption class="image-caption">Charlotte Center City Partners CEO Michael Smith</figcaption>
</figure>
<p>The presence of Japanese-related nonprofit organizations signifies how Charlotte extends its support to foreigners who wish to live and invest in the city. Some known organizations include The Carolinas Asian-American Chamber of Commerce, The Japanese Association in Charlotte, Charlotte Japanese Language Meetup, and the Japan-America Society of North Carolina.</p>
<p>In working to grow public-private partnerships, all decisions of <a href="https://www.charlottecentercity.org/" target="_blank" rel="noopener">Charlotte Center City Partners</a> are based on research, urban planning, transportation planning, and community development and geared toward placed-based economic development.</p>
<p>“The Charlotte community is really known for its attribute of being very business-friendly and very growth-focused. We’re big believers in having a shared vision with collective action,” said Charlotte Center City Partners CEO Michael Smith.</p>
<p>As one of the two commercial capitals in Southeastern USA, the other being Atlanta, Charlotte is renowned for financial services. It is the second-largest banking center in the United States, next to New York. Advanced manufacturing and logistics are also considered niche industries because of its accessibility.</p>
<p>“Our location gives us incredible superpowers because of our highway connectivity, relative proximity to the Charleston Port, and the way were overserved by our incredible airport. Our airport is the fifth busiest in the world when measured by plane movement. There are more than 100 cities within a three-hour direct flight from Charlotte,” he said.</p>
<p>On foreign investments in and around Center City, more than half of the companies are from European and Asian markets, with a notable number of Japanese investors like Mitsubishi, Toshiba, and Yokohama Tire Corporation. Mitsubishi UFJ Financial Group, which set up in Charlotte in 2019 and initially employed 300 people, is expected to expand its operations in the city.</p>',
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'title' => 'JASA: Understanding culture builds better businesses',
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'description' => 'Established in 1989, the Japan-America Society of Alabama supports Japanese businesses in the state by building friendships and fostering understanding through, among other things, the promotion of culture, education, and investment opportunities.',
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'content' => '<p>Established in 1989, the <a href="https://japanalabama.com/" target="_blank" rel="noopener">Japan-America Society of Alabama</a> supports Japanese businesses in the state by building friendships and fostering understanding through, among other things, the promotion of culture, education, and investment opportunities.</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%203-JASA-Brian-Hilson.jpg" alt="" />
<figcaption class="image-caption">Japan America Society of Alabama Executive Director Brian Hilson</figcaption>
</figure>
<p>JASA Executive Director Brian Hilson believes that a Japanese company’s understanding of a community’s culture is an integral part of a being a good business community. He said those in community leadership positions must ask themselves: What is needed for a Japanese company's relocating employees to feel at home? Where will their children get their education? Will there be quality activities outside of work for them?</p>
<p>“For a Japanese company to thrive, the community in which it is located must satisfy certain business requirements, such as workforce and infrastructure. However, the community must also understand and be responsive to what we refer to as ‘soft’ or personal issues that are important to the company, its employees and their families. This includes issues such as education, culture, health care, entertainment, and much more,” he said.</p>
<p>According to Hilson, paying attention to and learning the historical context of relationships also help companies and communities develop stronger bonds.</p>
<p>“We've had a long and very successful history of helping Japanese businesses grow in Alabama. Our knowledge and experience enable us to be more empathetic and better prepared to provide an avenue to promote personal and professional relationships between the American and Japanese people of Alabama,” Hilson said.</p>
<p>The first major industrial investment for a Japanese company in Alabama was Sony Corporation in 1969. More than 50 years later, Alabama has more than 80 Japanese companies from a wide range of industries.</p>
<p>Much like Daikin, Honda, Toyota, Mazda-Toyota and other top Japanese companies that have found great success in Alabama, all businesses have one requirement in common: the ability to attract and retain productive and loyal employees. “We are confident that the ability of the state and each community to deliver and maintain a reliable workforce and support each company’s unique needs positions Alabama for continued strong Japanese business growth,” he 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>
</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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'title' => 'ITOCHU to take part in Taiwan's smart city project ',
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'description' => 'Tokyo-based trading giant ITOCHU secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
</figure>
<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'description' => 'Belgium-based supplier of semiconductor solutions Melexis has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Melexis.jpg" alt="" />
<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
</figure>
<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
</figure>
<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'description' => 'Ontario-based multinational Lee Li Holdings (LLH) CEO Lee Q. Shim told Cambodian Prime Minister Hun Manet in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-CAMB-Li-Lee-Holdings.jpg" alt="" />
<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
<p>“The National University Centre for Trauma represents decades of efforts in refining our trauma care expertise for our injured patients to return to their lives and achieve their dreams. It also aims to prevent trauma from occurring in the first place with data-driven injury prevention efforts,” said <strong>National University Centre for Trauma Director Raj Menon.</strong></p>
<p>In line with this, the hospital has rolled out a multi-disciplinary clinic that provides services for recovering trauma patients and conducts meetings to enhance care, rehabilitation, and psychosocial recovery pathways.</p>
<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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<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-Palm-Beach.jpg" alt="" />
<figcaption class="image-caption">Palm Beach County is going through a boom in real estate and in financial services amid an influx of workers, families and business moved to Florida to escape the Covid-19 pandemic.</figcaption>
</figure>
<p>Because of the huge changes in work arrangements that took place at the height of the Covid-19 pandemic in 2020, Palm Beach saw a sharp rise in arrivals from Massachusetts, Connecticut, and New York, in particular, with a significant number coming from financial services, like hedge funds, wealth management, family firms, and private equity.</p>
<p>Amid the surge in arrivals, there has been a real estate boom as around 5 million square feet of office space is being built to accommodate demand. The pandemic necessitated remote work for thousands of workers, an arrangement that yielded the same level of productivity without the office setup.</p>
<p>To attract more investment, Palm Beach County launched a national advertising campaign to inform potential stakeholders that key office spaces were ready to accommodate new and migrating businesses and can provide the workforce they may need.</p>
<p>The county’s business-friendly policies include expedited business registrations, as well as a concierge service where individuals, families, and companies can inquire about the availability of schools, medical services, doctors, hospitals, and other private services.</p>',
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<p>Aside from organizing various social activities and events throughout the year, the non-profit organization also helps in financing the Japanese Saturday School in Greenville. The school, through its curriculum that includes mathematics and literature, allows its students to maintain and improve their Japanese language skills in case they ever return to Japan to continue their education or pursue university studies there.</p>
<p>Over the past few decades, South Carolina has witnessed ties between the local and Japanese expatriate communites grow closer and more integrated, not only in the social sphere but also in the economic field.</p>
<p>“The industries that are growing the fastest here the are automotive, aerospace and advanced materials sectors,” said JAASC Co-Chair Craig Lundgren.</p>
<p>Among the long-time Japanese players in South Carolina are Mitsubishi, JTEKT Automotive, Fujikura and Showa Denko Carbon.</p>
<p>Amid the consistent growth of large manufacturers, South Carolina has also seen promising performances from niche sectors, like life sciences, biotechnology, medical technology, and information computing. Thanks to the presence of the Uniiversity of South Carolina and Clemson University, technology companies have easy access to highly-skilled workers.</p>
<p>“South Carolina is a great environment in which to thrive because of our rich natural resources, welcoming community, and a workforce equipped with technical skills. JAASC will help promote investment and make it easier for companies and individuals to move here by fostering greater understanding through meaningful educational, social, and cultural exchanges,” said JAASC Co-Chair Kayla Murdaugh.</p>',
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'url' => 'business-friendly-policies-drive-economic-growth-in-palm-beach-florida',
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'content' => '<p><a href="https://discover.pbcgov.org/Pages/default.aspx" target="_blank" rel="noopener">Palm Beach County</a> has seen sharp rise in investment and employment opportunities in the aviation and aerospace, business and financial services, communications and technology, life sciences, distribution, manufacturing, and logistics sectors.</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-Palm-Beach.jpg" alt="" />
<figcaption class="image-caption">Palm Beach County is going through a boom in real estate and in financial services amid an influx of workers, families and business moved to Florida to escape the Covid-19 pandemic.</figcaption>
</figure>
<p>Because of the huge changes in work arrangements that took place at the height of the Covid-19 pandemic in 2020, Palm Beach saw a sharp rise in arrivals from Massachusetts, Connecticut, and New York, in particular, with a significant number coming from financial services, like hedge funds, wealth management, family firms, and private equity.</p>
<p>Amid the surge in arrivals, there has been a real estate boom as around 5 million square feet of office space is being built to accommodate demand. The pandemic necessitated remote work for thousands of workers, an arrangement that yielded the same level of productivity without the office setup.</p>
<p>To attract more investment, Palm Beach County launched a national advertising campaign to inform potential stakeholders that key office spaces were ready to accommodate new and migrating businesses and can provide the workforce they may need.</p>
<p>The county’s business-friendly policies include expedited business registrations, as well as a concierge service where individuals, families, and companies can inquire about the availability of schools, medical services, doctors, hospitals, and other private services.</p>',
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'id' => '545280',
'title' => 'Columbus, Georgia: Widening access to investment from Japan and beyond',
'description_old' => null,
'description' => 'Anticipating an influx of outside investment, the city of Columbus in western Georgia has begun developing more sites that can serve as efficient business hubs for new investors, making sure they are well connected to neighboring areas and situated close to vital services and transport facilities.',
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'url' => 'columbus-georgia-widening-access-to-investment-from-japan-and-beyond',
'tags' => 'Japan, US, Georgia, Greater Columbus Chamber of Commerce',
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'content' => '<p>Anticipating an influx of outside investment, the city of Columbus in western Georgia has begun developing more sites that can serve as efficient business hubs for new investors, making sure they are well connected to neighboring areas and situated close to vital services and transport facilities.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-3-Columbus-Chamber-of-Commerce-Jarred-Mitchell-CEO.jpg" alt="" />
<figcaption class="image-caption">Greater Columbus Chamber of Commerce CEO Jerald Mitchell</figcaption>
</figure>
<p>“We are well positioned to support businesses, no matter what size, so that they remain resilient despite any challenge in the economic environment,” said <a href="https://columbusgachamber.com/" target="_blank" rel="noopener">Greater Columbus Chamber of Commerce</a> CEO Jerald Mitchell.</p>
<p>“The technology and manufacturing arenas are where we can excel and be the best support for these companies. We know that there’s a large presence of technology companies in Japanese industry, and we are welcoming them with open arms,” he added.</p>
<p>For Mitchell, Columbus is a friendly place with a inexpensive costs for housing, travel, and food compared to nearby regions, as well as a reliable source of top talent because of Columbus State University.</p>
<p>Apart from building more office space, the city’s development plan envisions the construction of an airport and a high-speed rail link.</p>
<p>“One of the things that we’re going to have in the near term is 120,000 Class A office spaces along the Chattahoochee River. We want to make sure that we continue keeping our foot on the gas,” Mitchell said.</p>',
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'id' => '545281',
'title' => 'Kodar: Forging a future on clean energy',
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'description' => 'With more than six decades of building and managing energy and telecommunications projects, Kodar Energomontaza, is the leading engineering, procurement, and construction (EPC) company in Southeast Europe. Its president, Nikola Oklobdzija, met with GMI POST to share his thoughts about the company's mission and its future.',
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'content' => '<p>With more than six decades of building and managing energy and telecommunications projects, <a href="https://www.kodar.rs/en/" target="_blank" rel="noopener">Kodar Energomontaza</a>, is the leading engineering, procurement, and construction (EPC) company in Southeast Europe. Its president, Nikola Oklobdzija, met with GMI POST to share his thoughts about the company’s mission and its future.</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-2-Kodar-Nikola-Oklobdzija.jpg" alt="" />
<figcaption class="image-caption">Kodar President Nikola Oklobdzija</figcaption>
</figure>
<p>It’s time, according to Oklobdzija, that sustainable energy becomes a priority.</p>
<p>The company chief pointed out that Kodar has been focused on building sources of clean energy as well as the necessary infrastructure needed to connect these new capacities to the grid, to complement the Serbian government’s commitment to transition to “green energy solutions.”</p>
<p>Because they benefit people and the planet, clean energy and sustainable growth have been at the heart of Kodar’s mission in the last few years. As early as 2019, the company set up its first solar facility, on the rooftop of an existing structure This solar power plant now accounts for more than 20% of the facility’s electricity consumption.</p>
<p>“Renewable technologies allow us to generate clean energy that has less impact on the environment than conventional technologies. By increasing our green energy production capacity, we give back to the planet by reducing our greenhouse gas emissions, thus responding to the challenge of global warming. We are committed to building a better world and, through great projects, help humanity progress towards a sustainable future and connectivity,” Oklobdzija said.</p>
<p>Encouraged by the fact its facilities improve people’s lives, Kodar is using its acquired knowhow and technology to develop new projects in the fields of telecommunications and energy generation.</p>',
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'id' => '545282',
'title' => 'Aquafarm SEE: Promoting Serbian-Japanese cooperation',
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'description' => 'Set up by Kihachiro Nishiura in 2015, Aquafarm SEE has stayed very focused on its objective to strengthen cooperation and build new connections between Japan and Southeast Europe on a wide range of fields including trade, agriculture, research, as well as tourism and cultural exchange.',
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'content' => '<p>Set up by Kihachiro Nishiura in 2015, <a href="https://www.aquafarm-see.com/home" target="_blank" rel="noopener">Aquafarm SEE</a> has stayed very focused on its objective to strengthen cooperation and build new connections between Japan and Southeast Europe on a wide range of fields including trade, agriculture, research, as well as tourism and cultural exchange.</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-2-Aquafarm-Aleksandar-Arbutina.jpg" alt="" />
<figcaption class="image-caption">Aquafarm SEE Director General Aleksandar Arbutina</figcaption>
</figure>
<p>“Agriculture has always been part of our focus,” Aquafarm SEE Director General Aleksandar Arbutina told GMI POST. Among its current projects, Arbutina said, is the reconstruction of a six-hectare greenhouse that it acquired in 2019 and is being fitted for the production of organic food items for both the local and global markets.</p>
<p>With one of the most fertile lands in Europe and deep roots in food production, Serbia plays a significant part in the growth plans of Aquafarm SEE, according to Arbutina.</p>
<p>Outside of agriculture, he adds, Aquafarm SEE has strengthened bilateral ties through a youth-focused program called the Balkan Japan Bowl, a quiz competition centered on Japanese history and culture for students in the Balkan region. Since it began in 2017, many young people from the Balkan region have participated in the competition. The success of the Balkan Japan Bowl is attributed to the support given by various Japanese companies, like Seiko.</p>
<p>“We (Aquafarm SEE) started from zero and grew in Serbia,” said Arbutina, who urged people to look into the group’s other projects.</p>
<p>As the official representative of the Balkan region to the Japan Southeast Europe Business Association, Arbutina is exploring new avenues through which Aquafarm SEE can expand cultural and art exchanges between Southeastern European countries and Japan.</p>',
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'id' => '545283',
'title' => 'Treninzi: Effective communication made accessible',
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'description' => 'With more than a decade of communication and sales training under his belt, Marko Burazor founded Treninzi with his collaborator Miodrag Kostic to equip Serbia's top business leaders with communication skills that will benefit their respective companies. ',
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'image' => null,
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'url' => 'treninzi-effective-communication-made-accessible',
'tags' => 'Japan, Serbia, Treninzi',
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'content' => '<p>With more than a decade of communication and sales training under his belt, Marko Burazor founded <a href="http://treninzi.rs/" target="_blank" rel="noopener">Treninzi</a> with his collaborator Miodrag Kostic to equip Serbia’s top business leaders with communication skills that will benefit their respective companies.</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-2-Treninzi-Burazor.jpg" alt="" />
<figcaption class="image-caption">Treninzi Founder Marko Burazor</figcaption>
</figure>
<p>“Treninzi means training in English because that’s really what we provide,” said Burazor, who pointed out that his company creates world-class workshops to the elevate verbal and non-verbal communication, sales, and overall organization skills of their clients’ employees.</p>
<p>A long-time consultant for the Japanese International Cooperation Agency, Burazor integrated the Japanese philosophy of <em>kaizen, </em>or continuous improvement, in his training programs and found that it well accepted in Serbia because it helped in meeting the common objectives of quality control, on-time delivery and waste reduction.</p>
<p>Asked why Japanese businesses should consider investing in Serbia, Burazor pointed to the open and hospitable nature of Serbians, adding that many of his colleagues from Japan had expressed delight in the quality of service they receive from Serbian businesses.</p>
<p>“With us, you always have a friend. At least, you will have an enjoyable time here and very good food. Very good food, believe me. Now, we also have many Japanese restaurants, not only to eat sushi but also miso soup, gyoza, or whatever I want to eat. So, Serbia has good location,” he said.</p>',
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(int) 6 => array(
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'id' => '545275',
'title' => 'Alabama's Greater Birmingham Region: More than carmaking',
'description_old' => null,
'description' => 'The Birmingham Business Alliance (BBA) helps businesses start, stay and succeed in the Greater Birmingham Region, home to over 1.1 million people across its seven-county footprint. Part of the team that recruited Honda and Mercedes to set up shop in the region, the group is now showing a wider range of industries that Birmingham has even more to offer businesses.',
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'content' => '<p>The <a href="https://www.birminghambusinessalliance.com/" target="_blank" rel="noopener">Birmingham Business Alliance (BBA)</a> helps businesses start, stay and succeed in the Greater Birmingham Region, home to over 1.1 million people across its seven-county footprint. Part of the team that recruited Honda and Mercedes to set up shop in the region, the group is now showing a wider range of industries that Birmingham has even more to offer businesses.</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-4-Birmingham-Business-Alliance-EMily-Hall-CEO.jpg" alt="" />
<figcaption class="image-caption">Birmingham Business Alliance President and COO Emily Jerkins Hall</figcaption>
</figure>
<p>Following the entry of Honda, more than 25 Japanese companies followed suit, including over 10 auto parts manufacturers, contributing more than $220 million in capital investment since 2011, among them Yorozu, which created 300 new jobs when it inaugurated its $100 million Walker County-plant in 2018.</p>
<p>“We continue to see organic growth from automotive suppliers working with Mercedes and Honda,” said BBA President and COO Emily Jerkins Hall.</p>
<p>Outside the automobile sector, Birmingham has also attracted investment from Japanese companies, like Dai-ichi Life, which acquired the financial service holding company Protective Life Corporation, currently one of Birmingham’s largest employers. This partnership has led to over $34 million of investments in the community, including a new downtown stadium and medical research at the University of Alabama at Birmingham (UAB) and Southern Research.</p>
<p>To expand its business network, the BBA regularly participates in trade missions and trade shows attended by Japanese-based companies.</p>
<p>“We are grateful for Japan’s continued interest in the Greater Birmingham Region and Alabama. Foreign direct investment makes our economy more resilient and generates more and better jobs for our people. We’re grateful for Japan’s contribution to our economic transformation and continued investment in the Greater Birmingham region,” Hall said.</p>',
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'id' => '545276',
'title' => 'Kentucky Wesleyan College seeks more international students',
'description_old' => null,
'description' => '"Being aware of a global economy, a global market, and of what's outside your own borders, not just those of your town, your state, but of your country is extremely important," said Kentucky Wesleyan College President Thomas Mitzel, laying out his vision for the private liberal arts founded in 1858.',
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'url' => 'kentucky-wesleyan-college-seeks-more-international-students',
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'content' => '<p>“Being aware of a global economy, a global market, and of what’s outside your own borders, not just those of your town, your state, but of your country is extremely important,” said Kentucky Wesleyan College President Thomas Mitzel, laying out his vision for the private liberal arts founded in 1858.</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-4-Kentucky-Wesleyan-College-Mitzel.jpg" alt="" />
<figcaption class="image-caption">Kentucky Wesleyan College President Thomas Mitzel</figcaption>
</figure>
<p>Located in Owensboro, <a href="https://kwc.edu/" target="_blank" rel="noopener">Kentucky Wesleyan College</a> does not have a sizeable population of international students but has seen the number rising over the past decade. Mitzel wants to reach international enrollment of between 8 to 10% by the end of his tenure, partly through student and faculty exchange programs.</p>
<p>“I hope to see every one of our students do an internship before he or she graduates. If we have Japanese students who wish to work with American companies and vice versa], I think that would just be a wonderful outreach,” he said.</p>
<p>While internship programs allow students to get immersed in the profession they wish to pursue, the industries that may be hiring them get a much better understanding of their capabilities, according to Mitzel.</p>
<p>“Historically, KWC students who have done the internships tend to get hired for jobs in those companies. And many of them will stay with those companies upon graduation. I would offer that same possibility to [all] our international students,” he said.</p>
<p>As a college that offers only four-year undergraduate programs, KWC students get involved in research during their undergraduate studies, instead of during the post-graduate stage like in other institutions, according to Mitzel.</p>
<p>“With the type of education and experience they get here, we are really educating our next generation leaders and not just pushing people out to get a job. We help them find a career, find out where they’re good at, and make sure that they find their place in a positive manner when they step into the workplace,” he said.</p>',
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'id' => '545277',
'title' => 'Bullitt County: A partner for the future',
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'description' => 'For more than 40 years, the Bullitt County Economic Development Authority has successfully lured families and business to relocate to the area, highlighting its natural landscape and surroundings with its lush forests, rolling hills, and clean lakes and rivers.',
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'tags' => 'Japan, US, Kentucky, Bullitt County Economic Authority',
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'content' => '<p>For more than 40 years, the <a href="http://www.gobullittky.com/" target="_blank" rel="noopener">Bullitt County Economic Development Authority</a> has successfully lured families and business to relocate to the area, highlighting its natural landscape and surroundings with its lush forests, rolling hills, and clean lakes and rivers.</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-4-Bullitt-County-ED-Building.jpg" alt="" />
<figcaption class="image-caption">In Louisville-Jefferson County, industrial spaces are contracted for leasing many months before the completion of construction.</figcaption>
</figure>
<p>Bullitt County Economic Development Authority Executive Director pointed out that 2021 saw its second-best performance in terms of economic growth. Out of 9 million square feet of available land, the county was able to lease out 4.3 million square feet last year. Fouts is very optimistic about next year.</p>
<p>In normal circumstances, according to Fouts, a lot of office and commercial space in the area remains on the market for six months even after construction. In the past eight months, there are spaces that are contracted for leasing even before completion of construction.</p>
<p>“The county grew through the last recession because of our location and the availability of buildings,” he said.</p>
<p>On Bullitt County’s international business, Fouts said there were about six companies that were exporting their products, such as transmission parts and diesel engine parts to Japan, which contributed heavily to the area’s economy.</p>
<p>Fouts is encouraging potential investors from Japan to consider coming to Bullitt County and checking out the various opportunities.</p>
<p>“We are seeking more manufacturing. We will work with them to make their businesses successful,” he said.</p>',
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'id' => '545278',
'title' => 'Japan is Georgia's top foreign direct investor',
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'description' => 'Under then Gov. Jimmy Carter, Georgia strengthened its efforts to strengthen ties between Georgia and Japan by opening its first international trade office in Tokyo in the early 1970s. Around half a century later, the effort has paid off handsomely. ',
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'url' => 'japan-is-georgias-top-foreign-direct-investor',
'tags' => 'Japan, US, Georgia, Japan America Society of Georgia',
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'content' => '<p>Under then Gov. Jimmy Carter, Georgia strengthened its efforts to strengthen ties between Georgia and Japan by opening its first international trade office in Tokyo in the early 1970s.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-3-Japan-America-Society-of-Georgia-Domoto-with-Peace-Bell.jpg" alt="" />
<figcaption class="image-caption">Japan-America Society of Georgia Executive Director Yoshi Domoto at the inauguration of The Peace Bell installed at The Carter Center in Atlanta.</figcaption>
</figure>
<p>Around half a century later, the effort has paid off handsomely. Japanese companies in Georgia have contributed around $11 billion to the state economy and have employed around 40,000 people.</p>
<p>Recognizing the bright prospects of ties with Georgia, JETRO opened an office in Atlanta in 1985 and kicked off, shortly after, JapanFest Atlanta, the first in the Southeastern USA. The event has been held continuously and has grown in size despite global recessions and other crises, including the ongoing COVID-19 pandemic.</p>
<p>Unfazed by such disruptions, Japanese companies remain confident in the economic outlook of Georgia and have even increased their operations. Heavy equipment maker Kubota Corp. announced plans to open a new plant in Georgia to meet rising demand for tractors in North America, while YKK Group, the world’s largest manufacturer of zippers and other fastening products, is expanding its facilities in the state.</p>
<p>Amid the influx of fresh investment, <a href="https://www.jasgeorgia.org/" target="_blank" rel="noopener">Japan-America Society of Georgia</a> Executive Director Yoshi Domoto believes that retaining existing investors is equally important in the state, traditionally an agricultural economy making new inroads in manufacturing and financial technology. For him, the answer to that challenge revolves around people-to-people relationships.</p>
<p>JASG finds all the means for Japanese and Americans to build long-lasting friendships that transcend business, like cultural and student exchange programs, among them a 10-year partnership with J. F. Oberlin University, a private university in Tokyo.</p>
<p>“Business and economic development wouldn’t be possible without the personal connections that we make with people from around the world and people from Georgia and people from Japan,” he said.</p>
<p>To celebrate the long friendship between Japan and Georgia, the Japan-America Society of Georgia, the Japanese Chamber of Commerce of Georgia, the Consulate General of Japan in Atlanta, and JETRO Atlanta are working on completion of the Peace Bell Tower at The Carter Center.</p>',
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'id' => '545279',
'title' => 'Mitsubishi UFJ Financial Group to expand in Charlotte, North Carolina',
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'description' => 'In working to grow public-private partnerships, all decisions of Charlotte Center City Partners are based on research, urban planning, transportation planning, and community development and geared toward placed-based economic development.
"The Charlotte community is really known for its attribute of being very business-friendly and very growth-focused. We're big believers in having a shared vision with collective action," said Charlotte Center City Partners CEO Michael Smith.',
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'content' => '<p>More than 80 Japanese firms, seven different organizations, and three different language schools that support the Japanese language are situated in and around Charlotte’s Center City, the central business district of Charlotte, North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-3-Charlotte%20City%20NC-Michael%20Smith.jpg" alt="" />
<figcaption class="image-caption">Charlotte Center City Partners CEO Michael Smith</figcaption>
</figure>
<p>The presence of Japanese-related nonprofit organizations signifies how Charlotte extends its support to foreigners who wish to live and invest in the city. Some known organizations include The Carolinas Asian-American Chamber of Commerce, The Japanese Association in Charlotte, Charlotte Japanese Language Meetup, and the Japan-America Society of North Carolina.</p>
<p>In working to grow public-private partnerships, all decisions of <a href="https://www.charlottecentercity.org/" target="_blank" rel="noopener">Charlotte Center City Partners</a> are based on research, urban planning, transportation planning, and community development and geared toward placed-based economic development.</p>
<p>“The Charlotte community is really known for its attribute of being very business-friendly and very growth-focused. We’re big believers in having a shared vision with collective action,” said Charlotte Center City Partners CEO Michael Smith.</p>
<p>As one of the two commercial capitals in Southeastern USA, the other being Atlanta, Charlotte is renowned for financial services. It is the second-largest banking center in the United States, next to New York. Advanced manufacturing and logistics are also considered niche industries because of its accessibility.</p>
<p>“Our location gives us incredible superpowers because of our highway connectivity, relative proximity to the Charleston Port, and the way were overserved by our incredible airport. Our airport is the fifth busiest in the world when measured by plane movement. There are more than 100 cities within a three-hour direct flight from Charlotte,” he said.</p>
<p>On foreign investments in and around Center City, more than half of the companies are from European and Asian markets, with a notable number of Japanese investors like Mitsubishi, Toshiba, and Yokohama Tire Corporation. Mitsubishi UFJ Financial Group, which set up in Charlotte in 2019 and initially employed 300 people, is expected to expand its operations in the city.</p>',
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'title' => 'JASA: Understanding culture builds better businesses',
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'description' => 'Established in 1989, the Japan-America Society of Alabama supports Japanese businesses in the state by building friendships and fostering understanding through, among other things, the promotion of culture, education, and investment opportunities.',
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'content' => '<p>Established in 1989, the <a href="https://japanalabama.com/" target="_blank" rel="noopener">Japan-America Society of Alabama</a> supports Japanese businesses in the state by building friendships and fostering understanding through, among other things, the promotion of culture, education, and investment opportunities.</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%203-JASA-Brian-Hilson.jpg" alt="" />
<figcaption class="image-caption">Japan America Society of Alabama Executive Director Brian Hilson</figcaption>
</figure>
<p>JASA Executive Director Brian Hilson believes that a Japanese company’s understanding of a community’s culture is an integral part of a being a good business community. He said those in community leadership positions must ask themselves: What is needed for a Japanese company's relocating employees to feel at home? Where will their children get their education? Will there be quality activities outside of work for them?</p>
<p>“For a Japanese company to thrive, the community in which it is located must satisfy certain business requirements, such as workforce and infrastructure. However, the community must also understand and be responsive to what we refer to as ‘soft’ or personal issues that are important to the company, its employees and their families. This includes issues such as education, culture, health care, entertainment, and much more,” he said.</p>
<p>According to Hilson, paying attention to and learning the historical context of relationships also help companies and communities develop stronger bonds.</p>
<p>“We've had a long and very successful history of helping Japanese businesses grow in Alabama. Our knowledge and experience enable us to be more empathetic and better prepared to provide an avenue to promote personal and professional relationships between the American and Japanese people of Alabama,” Hilson said.</p>
<p>The first major industrial investment for a Japanese company in Alabama was Sony Corporation in 1969. More than 50 years later, Alabama has more than 80 Japanese companies from a wide range of industries.</p>
<p>Much like Daikin, Honda, Toyota, Mazda-Toyota and other top Japanese companies that have found great success in Alabama, all businesses have one requirement in common: the ability to attract and retain productive and loyal employees. “We are confident that the ability of the state and each community to deliver and maintain a reliable workforce and support each company’s unique needs positions Alabama for continued strong Japanese business growth,” he 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>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'description' => 'Tokyo-based trading giant ITOCHU secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'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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'content' => '<p>The U.S. subsidiary of Japanese group <strong>FANUC</strong>, one of the world’s largest makers of industrial robots, has opened a $110 million facility in Michigan to store, sell and maintain made-in-Japan industrial robots for North American customers, according to a statement from FANUC America.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-FANUC.jpg" alt="" />
<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'description' => 'K Health, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.',
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'content' => '<p><strong>K Health</strong>, a leading AI-driven primary care company that provides 24/7 virtual primary care solutions through its mobile app, announced this month that it had raised $50 million in funding led by Claure Group with participation from investors, including Pablo Legorreta (founder and CEO of Royalty Pharma) and Mangrove Capital Partners, Valor Equity Partners, and Atreides Management.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-NYNJ-K-Health-Alan-Bloch.jpg" alt="" />
<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
</figure>
<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'content' => '<p>Ontario-based multinational <strong>Lee Li Holdings (LLH)</strong> <strong>CEO Lee Q. Shim</strong> told <strong>Cambodian Prime Minister Hun Manet </strong>in a meeting at the capital Phnom Penh this month that his company was looking at investment opportunities in the country, including its automotive healthcare, gas and oil, food processing and logistics, automobiles, and exports accreditation sectors.</p>
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<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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<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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'title' => 'Business-friendly policies drive economic growth in Palm Beach, Florida',
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'description' => 'Palm Beach County has seen sharp rise in investment and employment opportunities in the aviation and aerospace, business and financial services, communications and technology, life sciences, distribution, manufacturing, and logistics sectors.',
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'content' => '<p><a href="https://discover.pbcgov.org/Pages/default.aspx" target="_blank" rel="noopener">Palm Beach County</a> has seen sharp rise in investment and employment opportunities in the aviation and aerospace, business and financial services, communications and technology, life sciences, distribution, manufacturing, and logistics sectors.</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-Palm-Beach.jpg" alt="" />
<figcaption class="image-caption">Palm Beach County is going through a boom in real estate and in financial services amid an influx of workers, families and business moved to Florida to escape the Covid-19 pandemic.</figcaption>
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<p>Because of the huge changes in work arrangements that took place at the height of the Covid-19 pandemic in 2020, Palm Beach saw a sharp rise in arrivals from Massachusetts, Connecticut, and New York, in particular, with a significant number coming from financial services, like hedge funds, wealth management, family firms, and private equity.</p>
<p>Amid the surge in arrivals, there has been a real estate boom as around 5 million square feet of office space is being built to accommodate demand. The pandemic necessitated remote work for thousands of workers, an arrangement that yielded the same level of productivity without the office setup.</p>
<p>To attract more investment, Palm Beach County launched a national advertising campaign to inform potential stakeholders that key office spaces were ready to accommodate new and migrating businesses and can provide the workforce they may need.</p>
<p>The county’s business-friendly policies include expedited business registrations, as well as a concierge service where individuals, families, and companies can inquire about the availability of schools, medical services, doctors, hospitals, and other private services.</p>',
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Business-friendly policies drive economic growth in Palm Beach, Florida
Palm Beach County has seen sharp rise in investment and employment opportunities in the aviation and aerospace, business and financial services, co...