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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH%20USA-NL-WK%203-Nashville-Chamber-Ralph-Schulz.jpg" alt="" />
<figcaption class="image-caption">Nashville Area Chamber of Commerce President and CEO Ralph Schulz</figcaption>
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<p>In an exclusive interview with GMI POST, <a href="https://www.nashvillechamber.com/" target="_blank" rel="noopener">Nashville Area Chamber of Commerce</a> President and CEO Ralph Schulz shares his thoughts on why moving your business to Tennessee could be the best decision of your life.</p>
<p>“First and foremost, we are a welcoming culture”, Schulz said. Middle Tennessee, in particular, has attracted refugees since the 1960s. The interaction of different cultures has turned the metropolitan area into an inclusive community.</p>
<p>In terms of its business landscape, Schulz says Tennessee’s “low cost, low regulation” environment makes it appealing to both investors and entrepreneurs.</p>
<p>Tennessee’s location is also an added premium. According to Schulz, the state is very close to a huge concentration of talent in the United States, has easy access to airports and rail hubs, and near the Mississippi River and the Gulf of Mexico, making it convenient for people to conduct business.</p>
<p>Schulz also highlights how all these factors are interconnected, which is why The Nashville Area Chamber of Commerce is dedicated to nurturing each part of its robust economic ecosystem.</p>
<p>“The Nashville Area of Commerce’s mission is to create economic prosperity by facilitating community leadership,” says Schulz, who believes that bringing together the private and public sectors will result in an ideal community. “You have to be a livable place to attract talent. You need the talent to create and sustain businesses. You need businesses to create prosperity.”</p>
<p>For 32 years, The Nashville Area of Commerce has accomplished its mission by improving housing, transportation, education, health, child care, manufacturing, as well as its entertainment industry. After all, music is closely linked to the brand of Nashville.</p>
<p>Dubbed “Music City”, Nashville generates $15.6 billion from its music and entertainment scene. According to Schulz, the city’s concert promoters, record labels, and entertainment media outlets help drive investments, trades, jobs, and new relationships to the global marketplace.</p>
<p>From Schulz's interview, it’s clear why Tennessee is the perfect place for business. Everybody is guaranteed a welcoming and culturally-rich environment, as well as a thriving economic ecosystem. Following the decision of the likes of Mitsubishi, Nissan, and FedEx to relocate their respective HQs to the state, will your company follow suit?</p>',
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<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH%20USA-NL-WK%203-Port-of-South-Louisiana-Paul-Matthews-CEO.jpg" alt="" />
<figcaption class="image-caption">Port of South Louisiana CEO Paul Matthews</figcaption>
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<p>Founded in 1960, the Port of South Louisiana moves more than 60% of the country’s exported goods to the world, which includes more than 100 million tons of grain, soybeans, wheat, and corn, to name a few. At the same time, the port also moves another 100 million tons of petrochemical products.</p>
<p>“The Port of South Louisiana feeds and fuels the world on a daily basis,” boasts Port of South Louisiana CEO Paul Matthews. </p>
<p>Despite the difficulties caused by the Covid-19 global pandemic, the port saw an increase in activity.</p>
<p>“Total exports went up by 1%, including chemicals and fertilizers which went up by 7%, corn exports by 20%, and beverage products by 100%,” Director of Communications Micah Cormier pointed out.</p>
<p>Given those figures, the Port of South Louisiana has clearly kept its dominant position. So, the challenge is: How do they improve a system that’s already performing well and is there more space for growth? The answer lies in the area of sustainable energy.</p>
<p>“We are a port that is constantly looking at the future of clean energy. As a matter of fact, we want to be the world’s premiere energy diverse port,” said Matthews, who added that many Japanese companies are being incentivized by their government to be more carbon-neutral.</p>
<p>So, to be the carbon neutrality partner for Japanese companies is a big deal for the port. That objective is set in other countries across Europe and North Africa, which have increased their demand for clean energy.</p>
<p>As 2022 comes to a close, Matthews has reaffirmed his commitment to to transform the region’s economic fabric by raising the global standard for ports. Led by Matthews, the Port of South Louisiana's team intends to increase its market share across multiple categories, expand its infrastructure, and invest in cross-value collaborations.</p>
<p>“We are not sitting on the sidelines waiting for things to happen. By investing in clean and sustainable energy today, we’re investing in everyone’s future. We are open for business and will make sure it stays that way,” Matthews said.</p>',
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'id' => '545269',
'title' => 'North Carolina celebrates milestone partnership with Japan',
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'description' => 'This year, North Carolina marks 40 years since HondaJet, the state's first Japanese direct investor, inaugurated its manufacturing facility in the city of Greensboro. Since 1982, the company has assembled more than 200 planes from the site and designed next-generation aircraft. ',
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'content' => '<p>This year, North Carolina marks 40 years since HondaJet, the state’s first Japanese direct investor, inaugurated its manufacturing facility in the city of Greensboro. Since 1982, the company has assembled more than 200 planes from the site and designed next-generation aircraft.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-2-Economic%20Development%20Partnership%20NC-Christopher%20Chung-CEO.jpg" alt="" />
<figcaption class="image-caption">Christopher Chung, CEO of the Economic Development Partnership of North Carolina</figcaption>
</figure>
<p>Recently, two Japanese companies unveiled plans to expand in North Carolina. Toyota said it would build its first dedicated electric vehicle battery manufacturing plant in the United States just outside Greensboro, while FUJIFILM Diosynth Biotechnologies announced the expansion of its factory near Raleigh.</p>
<p>These billion-dollar Japanese investments have significantly contributed to the industrialization of North Carolina, a historically agricultural eocnomy. To date, there are more than 200 Japanese-owned businesses in the state employing nearly 30,000 residents.</p>
<p>“FDIs diversifies our economy in a positive way. It also lends to cultural diversity, which I think is just an important marker of a more global place. When foreign investments come in, it’s a vote of confidence in North Carolina’s business climate,” said Christopher Chung, CEO of the <a href="https://edpnc.com/" target="_blank" rel="noopener">Economic Development Partnership of North Carolina</a>.</p>
<p>Chung is pleased at how North Carolina’s economy is shaping up this year, indicating that the state may have already recovered from the crisis caused by the COVID-19 pandemic.</p>
<p>And breaking new ground last year, North Carolina passed legislation that committed to cut carbon emmissions from power generation by 70% by 2030 and to achieve net-zero emission by 2050, while keeping rates cost effective for all businesses.</p>
<p>The state hopes that by developing more renewable sources of energy, like wind, solar, and hydropower, it gains a competitive advantage over other states and attract more investors sharing similar sustainability objectives.</p>
<p>Not limiting itself to the manufacturing sector, the Economic Development Partnership of North Carolina (EDPNC) wants to see more corporate headquarters, research and development centers, food processing plants, as well as warehouse and distribution facilties in the state, which has seen a recent expansion in the life sciences sector, like gene therapy and biotechnology.</p>',
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'id' => '545270',
'title' => 'FUJIFILM, Toyota to expand operations in North Carolina',
'description_old' => null,
'description' => '"The momentum is really growing, and we're very excited about that," said Japan-America Society of North Carolina Chairman Tim Newlin when asked about the state of Japanese investment in North Carolina. ',
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'content' => '<p>“The momentum is really growing, and we’re very excited about that,” said <a href="https://www.jasnc.org/" target="_blank" rel="noopener">Japan-America Society of North Carolina</a> Chairman Tim Newlin when asked about the state of Japanese investment in North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%202-Japan%20America%20Society%20of%20NC-Tim%20Newlin-Chairman.jpg" alt="" />
<figcaption class="image-caption">Japan-America Society of North Carolina Chairman Tim Newlin</figcaption>
</figure>
<p>Among the flagship locators is FUJIFILM Diosynth Biotechnologies, which broke ground on a $2 billion cell culture and microbial manufacturing capacity. Apart from being its largest in North America, the FUJIFILM investment is historic for North Carolina as it will be the largest life sciences investment and make the state a major center for life sciences in the U.S.</p>
<p>The facility, located in the town of Holly Springs in Wake County, is due to be fully operational by early 2025.</p>
<p>Meanwhile, global auto giant Toyota announced an additional $2.5 billion investment to expand its Toyota Battery Manufacturing North Carolina (TBMNC). The added investment forms part of a commitment to invest approximately $70 billion for its electrification development program, $5.6 billion of which is intended for the production of battery electric vehicle (BEV) and hybrid electric vehicles (HEV).</p>
<p>Scheduled to begin production in 2025, the facility is expected to employ more than 2,000 workers.</p>
<p>Aside from offering an excellent quality of life with its affordability, comfortable climate, clean beaches, lush mountains, North Carolina has attracted new businesses because of its connectivity to the rest of the world and its abundance in talent.</p>
<p>“From the standpoint of business, North Carolina has a large number of educational institutions, like the University of North Carolina, Duke, North Carolina State, and Wake Forest. We have a supply of good talented people coming through and that is attractive to businesses building their company and looking to recruit,” said Newlin.</p>
<p>Due to host the annual Southeast USA-Japan Conference in a few years, North Carolina will get an opportunity to introduce the local business community with new Japanese investors, as well as lay out all the state’s incentives and grants to prospective investors, according to Newlin.</p>',
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'id' => '545271',
'title' => 'Global Tampa Bay's mission: Expand markets and compete globally ',
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'description' => 'Global Tampa Bay (GTB), a cross-county partnership between the Tampa Bay Economic Development Council, Pinellas County Economic Development, and the Pasco Economic Development Council, is focused on promoting the Tampa Bay region globally as a top business destination. ',
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'url' => 'global-tampa-bays-mission-expand-markets-and-compete-globally',
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'content' => '<p><a href="https://www.globaltampabay.com/" target="_blank" rel="noopener">Global Tampa Bay (GTB)</a>, a cross-county partnership between the Tampa Bay Economic Development Council, Pinellas County Economic Development, and the Pasco Economic Development Council, is focused on promoting the Tampa Bay region globally as a top business destination.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-2-Global-Tampa-Bay-Waterfront.jpg" alt="" />
<figcaption class="image-caption">In the last few years, Tampa Bay has become one of the more attractive places in the U.S. to live and work.</figcaption>
</figure>
<p>To improve the business climate in the region, GTB’s strategies include increasing business and trade opportunities for local companies and attracting foreign direct investments to create jobs in Tampa Bay. To enhance its attractiveness, GTB partnered with Tampa International Airport, Port Tampa Bay, as well as federal, state and local agencies to improve access to global markets for businesses.</p>
<p>While the cost of living in the area is among the lowest in the country, Tampa Bay also offers very affordable labor costs, salaries, benefits, utilities, low federal, regional, and local taxes, as well as various tax exemption programs that will attract investors looking to relocate or expand operations.</p>
<p>Tampa Bay also has nearly 80 colleges, universities, and technical schools, including top-ranking institutions like the University of South Florida, University of Tampa, and Saint Leo University, which guarantees companies with a steady stream of highly-skilled employees.</p>
<p>GTB organizes trade missions to meet potential clients in search of more export opportunities. Working with the U.S. Department of Commerce, it facilitates meetings with exporters and grants state and local assistance to offset the cost to participants.</p>
<p>In the past years, the region has seen dynamic growth in financial and professional services, manufacturing, distribution and logistics, life sciences and healthcare, information technology, corporate headquarters, and defense and security.</p>',
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'id' => '545272',
'title' => 'Japan and Serbia: 140 years of friendship ',
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'description' => 'In 1882, the then newly-crowned Serbian King Milan Obrenovic sent letters of friendship to the rulers of many countries. One of those letters found its way to Japan's Emperor Meiji in Tokyo, marking the first diplomatic correspondence between the two countries. Nearly a century and a half later, the respect, friendship and cooperation have only grown stronger between them.',
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'content' => '<p>In 1882, the then newly-crowned Serbian King Milan Obrenovic sent letters of friendship to the rulers of many countries. One of those letters found its way to Japan’s Emperor Meiji in Tokyo, marking the first diplomatic correspondence between the two countries. Nearly a century and a half later, the respect, friendship and cooperation have only grown stronger between them</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-1-Serbian-Embassy-in-Japan-Ambassador-Kovac.jpg" alt="" />
<figcaption class="image-caption">H.E. Aleksandra Kovac, Ambassador of the Republic of Serbia in Tokyo</figcaption>
</figure>
<p>To mark the 140th anniversary of bilateral relations between Japan and Serbia, GMI POST met with Her Excellency Aleksandra Kovac, <a href="http://www.tokyo.mfa.gov.rs/ambassador.php">Ambassador of the Republic of Serbia in Tokyo</a>, to discuss the current state of affairs between the two countries and the future of bilateral ties.</p>
<p>“I see ourselves as long-time friends that are growing together,” Kovac said, as she highlighted the increasing cooperation in the political and economic spheres through the years. According to the ambassador, this is evident in the increasing frequency of state visits between the two countries in recent decades, the most notable of which was the late prime minister Shinzo Abe’s trip to Serbia in 2018 wherein he launched The Western Balkan Initiative.</p>
<p>Today, Japan is the fifth-largest foreign investor in Serbia. Kovac identified car parts industry, pharmaceuticals, chemical industry, food, electronics etc. as the biggest recipients of Japanese investment, with start-ups, digital industry and green energy as great potentials for bigger Japanese presence.</p>
<p>In the diplomatic sphere, Kovac shared that Serbian Prime Minister Ana Brnabic, during her visit to attend the state funeral of slain prime minister Shinzo Abe, met with her counterpart, Fumio Kishida, and with Minister of Digital Affairs Taro Kono to explore opportunities to digitalize government processes.</p>
<p>“Serbia is building a strong image of a country with thriving economic opportunities and being responsive to the new trends,” said the ambassador, who pointed out Serbia could easily innovate and develop with the help of Japan. “Both Serbia and Japan are looking towards the future and thinking of ways to prosper and contribute to the global community.”</p>',
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'id' => '545273',
'title' => 'Sid: More than a gateway to Serbia',
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'description' => 'Bordering two other countries, namely the Republic of Croatia and Bosnia and Herzegovina, the Municipality of Å id is widely known as the portal to Serbia. But there's more to this town than its strategic location that makes it ideal for business.
GMI POST talked to the president of the municipality, Zoran Semenovic, to get a better understanding of what Å id has to offer to local and foreign investors. ',
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'content' => '<p>Bordering two other countries, namely the Republic of Croatia and Bosnia and Herzegovina, the <a href="https://sid.rs/about-the-municipality/" target="_blank" rel="noopener">Municipality of Šid</a> is widely known as the portal to Serbia. But there’s more to this town than its strategic location that makes it ideal for business.</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-1-Municipality%20of%20Sid-Zoran%20Semenovic.jpg" alt="" />
<figcaption class="image-caption">Municipality of Šid President Zoran Semenovic</figcaption>
</figure>
<p>GMI POST talked to the president of the municipality, Zoran Semenovic, to get a better understanding of what Šid has to offer to local and foreign investors.</p>
<p>“Yes, Šid’s geographic position and efficient railways have turned the town into a portal to European Union countries and other Balkan nations. But Šid is also strong in agriculture, manufacturing, and food production,” said the president, adding its welcoming, diverse, and vibrant culture, coupled with its strong talent pool, are why existing investors chose to conduct their business in Šid.</p>
<p>According to President Semenovic, Šid wants to help businesses and people reach their full potential by providing them with everything they need to succeed, especially in the food production and food processing sector, which is a high-priority for the municipality.</p>
<p>“Food is the future. Šid has over 40,000 hectares of land dedicated to agricultural and food production”, the president said.</p>
<p>Semenovic also shared that Šid has worked with the Japanese government and Japanese experts from the private sector, through the Japanese International Cooperation Agency, on optimizing the town’s food production, meat processing, and waste management system.</p>
<p>As an indicator of Serbia’s efforts to produce world-class food products, the president stressed that Serbian law prohibits the production and importation of any genetically modified foods and seeds.</p>
<p>He also hopes more investors will spend a lot of time in the Municipality of Šid because he is very sure that they be charmed by the town and stay longer.</p>',
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'title' => 'BDK Advokati: Expertise and service beyond the usual',
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'description' => 'Headquartered in Belgrade and with offices in Montenegro and in Bosnia and Herzegovina, BDK Advokati is one of Serbia's highly-rated and experienced law firms for corporate, institutional and HNW clients. ',
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'content' => '<p>Headquartered in Belgrade and with offices in Montenegro and in Bosnia and Herzegovina, <a href="https://bdkadvokati.com/">BDK Advokati</a> is one of Serbia’s highly-rated and experienced law firms for corporate, institutional and HNW clients.</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-1-BDK-Advokati-Tijana-Kojovic-17.jpg" alt="" />
<figcaption class="image-caption">BDK Advokati Founder and Managing Partner Tijana Kojovi?</figcaption>
</figure>
<p>BDK Advokati Founder and Managing Partner Tijana Kojovi?, met with GMI POST for an exclusive interview to talk about her firm’s history, Serbian market of legal services, and its role in building bridges between Japan and Serbia.</p>
<p>Established in 2004, BDK Advokati is a tier-1 law firm that provides high-end legal services, advising clients on commercial and regulatory issues, supporting them in transactions, as well as in dispute resolution, whether through litigation or international commercial arbitration.</p>
<p>Beyond its reputation for excellence, BDK Advokati is very proud of its client-focused and practical approach, which results in tailor-made advice that considers the client's business goals, making the firm a favorite among foreign companies that want to invest in Serbia.</p>
<p>“More than 95% of our clientele are actually foreign companies that operate in Serbia and neighboring countries either through local subsidiaries or on a cross-border basis. We focus on regional and otherwise complex and high-end work” she said.</p>
<p>Aside from multinationals from the U.S., Europe, the Middle East and China, BDK Advokati has worked for Japanese clients, including Sanrio and Yokohama Rubber on the Serbian aspects of its acquisition of wheel systems business from Trelleborg.</p>
<p>“Japanese businesses that do business on an international scale don’t focus on just one specific country but look at the bigger picture,” said Kojovi?, who is proficient in English and conversant in French.</p>
<p>“Whether it is advisory on local laws, transactional support in M&A, financing or greenfield projects, or representation in disputes, foreign investors can get in Serbia the quality of legal service they are used to getting in other more developed market economies”, she also said.</p>',
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'description' => 'In the last two years alone, Kentucky saw an influx of more than $9 billion in investments from, among them, Japan-based Envision AESC for a new, state-of-the-art gigafactory to produce electric vehicle batteries in Bowling Green. It was the second-largest economic development investment in the state. ',
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'content' => '<p>“Just come to a state where Japanese companies have found success for the last 40 years.” That was Kentucky Gov. Andy Beshear’s call to foreign businesses looking to expand in the United States.</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%202-Governor-of-Kentucky-Gov-Andy-Beshear.jpg" alt="" />
<figcaption class="image-caption">Kentucky Gov. Andy Beshear</figcaption>
</figure>
<p>In the last two years alone, Kentucky saw an influx of more than $9 billion in investments from, among them, Japan-based Envision AESC for a new, state-of-the-art gigafactory to produce electric vehicle batteries in Bowling Green. It was the second–largest economic development investment in the state.</p>
<p><strong>Kentucky forges long-term partnerships built on trust</strong></p>
<p>“We are grateful for the 40-plus-year relationship,” said Gov. Beshear, who pointed out that Japan remains the Kentucky’s most important partner in terms of long-term foreign direct foreign investment, if you include the manufacturing plant of automotive giant Toyota.</p>
<p>Located in Georgetown, Toyota Motor Manufacturing Kentucky opened in 1986 and employs more than 9,000 people. The 36-year-old factory is commonly cited as the best example of a partnership with Japanese business built on trust.</p>
<p>“Once a company locates here, we grow with them for the years and decades,” Gov. Beshear said.</p>
<p><strong>Kentucky — the American home of Japanese companies</strong></p>
<p>Gov. Beshear is very grateful to all the Japanese companies that have established operation in the Kentucky and, as a result, created thousands of jobs in the state and improved the lives of many more local residents.</p>
<p>“Kentucky is a great place to invest in. We’re going to welcome (Japanese investors) with open arms,” said Gov. Beshear, who wants to attract new industries, whether it be electric vehicle parts, “green” aluminum, agritech businesses, or paper recycling mills.</p>',
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'id' => '545261',
'title' => 'Fisk University ranked No. 1 in the USA for academic stewardship',
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'description' => 'With social scientist and civil rights activist W.E.B. Du Bois and educator Booker T. Washington listed among its historic faculty members, Fisk University deserves its recent accolade for being ranked by Forbes magazine as the No. 1 university in the USA in terms of academic stewardship. ',
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'content' => '<p>With social scientist and civil rights activist W.E.B. Du Bois and educator Booker T. Washington listed among its historic faculty members, <a href="https://www.fisk.edu/" target="_blank" rel="noopener">Fisk University</a> deserves its recent accolade for being ranked by Forbes magazine as the No. 1 university in the USA in terms of academic stewardship.</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%202-Fisk%20University-Jens%20Frederiksen-EVP.jpg" alt="" />
<figcaption class="image-caption">Fisk University Executive Vice President Jens Frederiksen</figcaption>
</figure>
<p>Initially focused on liberal arts education, the university has built a reputation for excellence in its STEM programs such as life sciences, computer science, data science, and business.</p>
<p>As a small university with only over 1,000 students, Fisk has distinguished itself for building partnerships with business that deliver a return on investment for its students through its corporate internship programs and eventual permanent jobs that offer competitive pay.</p>
<p><strong>Tennessee can be an innovation partner for Japanese companies </strong></p>
<p>More than its history as the oldest higher learning institution in Nashville and one of the elite historically black colleges and universities (HBCUs) in the United States, Fisk University has produced alumni that have excelled in Japanese companies, like Nissan and Bridgestone, as well as in the fields of medicine, education, public policy, and law.</p>
<p><strong>It has attracted a growing number of international students </strong></p>
<p>“HBCUs have always been remarkably inclusive. We have a growing Hispanic population. We have students from Nepal. That pipeline has really built up in recent years I think because of word of mouth,” said Fisk University Executive Vice President Jens Frederiksen.</p>
<p>In countries like the United States, where education cost is inflated, according to Frederiksen, more students are looking towards smaller institutions with a good track record in job placements in Fortune 500 companies, like Microsoft, Apple, and Google.</p>
<p><strong>Envisioning more partnerships with academia and industry</strong></p>
<p>“(Fisk University) is certainly very embracing of an international culture. It would be incredibly impactful to have more students [and faculty] from Japan,” said Frederiksen.</p>
<p>Aside from student and faculty exchanges, Fisk University is eager to collaborate with Japanese companies and industry partners that are already in Tennessee, in the U.S., or even in Japan, to attract and nurture more talent senior high school until university, providing them with of internship opportunities and eventual permanent jobs in prestigious companies.</p>
<p><strong>More Japanese set foot in the South </strong></p>
<p>“The Southern United States is a dynamic economy. The population is growing and the Japanese will find a cluster of other Japanese companies in the South, especially in Tennessee, working together,” Frederiksen said.</p>',
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'title' => '"Partnerships with Japanese companies are more than just making money" - Dr. Kozo Saito',
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'description' => 'Over many years, the University of Kentucky's Institute of Research for Technology Development (IR4TD) has counted Japanese automotive giants Toyota, Nissan, and Honda as its closest partners. In another fireld, Nippon Steel Corporation has also become one of the institute's most reliable collaborators.',
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'content' => '<p>Over many years, the University of Kentucky’s <a href="https://www.engr.uky.edu/ir4td">Institute of Research for Technology Development (IR4TD)</a> has counted Japanese automotive giants Toyota, Nissan, and Honda as its closest partners. In another field, Nippon Steel Corporation has also become one of the institute’s most reliable collaborators.</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%202-University%20of%20Kentucky-Kozo%20Saito.jpg" alt="" />
<figcaption class="image-caption">Dr. Kozo Saito, Founding Director of University of Kentucky's IR4TD</figcaption>
</figure>
<p>In 2017, Toyota invested $1.25 million in IR4TD to create an automotive production engineering program at the University of Kentucky to address a significant need in one of the country’s top three largest auto-producing states.</p>
<p>The program aimed to attract more engineering students and produce more engineers trained in automotive production. The Undergraduate Production Engineering Certificate program teaches automotive manufacturing core processes and provides access to Toyota’s state-of-the-art laboratory and world-class engineering expertise.</p>
<p><strong>Partnerships with Japanese companies go beyond profits</strong></p>
<p>For Dr. Kozo Saito, Founding Director of IR4TD and Professor of Mechanical Engineering, the institute’s partnerships with Japanese companies are geared towards creating a positive impact on society through environment-friendly projects.</p>
<p>“We like to do business [that is] based on clean technology and a sustainable society,” said Saito, who pointed out that Toyota remains deeply commitment to participate in sustainable initiatives without “seeking some immediate return from its support.”</p>
<p> “The greater good can only be achieved by working together,” he added.</p>',
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'title' => 'Tampa Bay EDC: Where to find diversity, livability, and good value stock ',
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'content' => '<p>Situated on Florida’s Gulf Coast, <a href="https://tampabayedc.com/" target="_blank" rel="noopener">Tampa Bay</a> offers ideal conditions and abundant opportunities for businesses across the state, the country, and the rest of the world. With its top-rated airport and large seaports, easy access to local and international customers is not problematic.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK%201-Tampa-Bay-EDC-Michelle-Bauer-COO.jpg" alt="" />
<figcaption class="image-caption">Tampa Bay Economic Development Council COO Michelle Bauer</figcaption>
</figure>
<p>Tampa Bay’s extensive interstate system also enables a collaborative landscape for a diverse range of industries like education, professional and shared services, information technology, health technology, manufacturing, financial services, distribution and logistics, life sciences, defense technologies and security, and supply chain management technology.</p>
<p>New developments have sprouted only within a 20-minute radius of downtown Tampa. Water Street is a $3.5 billion urban community that features homes, offices, shops, and hotels, all built along an accessible waterfront. Its central location makes traveling to and from the central business district accessible and convenient for business and leisure travelers.</p>
<p>A nine-story office building at Tampa International Airport, SkyCenter One, offers convenience to frequent travelers with amenities like a conference center, meeting spaces, a fitness center, and coffee shops.</p>
<p>Foreign investors have seen the potential of Tampa Bay. With a significant presence of marine-related industries based in Tampa, including the Italian-owned company Bertram Yachts, and Suzuki Marine, a subsidiary of Japanese multinational Suzuki, the city is very welcoming judging from its multilingual, highly educated population.</p>
<p>Aside from a favorable business climate and pedestrian-friendly neighborhood, Tampa Bay also benefits from the presence of MacDill Air Force Base, home to the U.S. Central Command and the U.S. Special Operations Command. Some companies have employed retired military personnel with strong background in cybersecurity, logistics, and security.</p>
<p>According to Tampa Bay Economic Development Council COO Michelle Bauer, people do not move to their community as visitors: “They come here to raise their families and establish their homes. They want to be in a place where the housing is relatively affordable when compared to many of the other major markets.”</p>
<p>Meanwhile, companies and entrepreneurs that have ventured to Tampa have seen their decision pay off.</p>
<p>“You can get a lot for your money here and a lot for your investment; great people and many opportunities for growth,” said Bauer. </p>',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
<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>
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<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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'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>
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<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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'description' => 'With a working population of more than 700,000 (more than 2 million if you count the Greater Nashville Region), more than 1,000 foreign-based businesses, and per capita income growth of 208%, Nashville is redefining what it means to be a thriving global city.',
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'content' => '<p>With a working population of more than 700,000 (more than 2 million if you count the Greater Nashville Region), more than 1,000 foreign-based businesses, and per capita income growth of 208%, Nashville is redefining what it means to be a thriving global city.</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-Nashville-Chamber-Ralph-Schulz.jpg" alt="" />
<figcaption class="image-caption">Nashville Area Chamber of Commerce President and CEO Ralph Schulz</figcaption>
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<p>In an exclusive interview with GMI POST, <a href="https://www.nashvillechamber.com/" target="_blank" rel="noopener">Nashville Area Chamber of Commerce</a> President and CEO Ralph Schulz shares his thoughts on why moving your business to Tennessee could be the best decision of your life.</p>
<p>“First and foremost, we are a welcoming culture”, Schulz said. Middle Tennessee, in particular, has attracted refugees since the 1960s. The interaction of different cultures has turned the metropolitan area into an inclusive community.</p>
<p>In terms of its business landscape, Schulz says Tennessee’s “low cost, low regulation” environment makes it appealing to both investors and entrepreneurs.</p>
<p>Tennessee’s location is also an added premium. According to Schulz, the state is very close to a huge concentration of talent in the United States, has easy access to airports and rail hubs, and near the Mississippi River and the Gulf of Mexico, making it convenient for people to conduct business.</p>
<p>Schulz also highlights how all these factors are interconnected, which is why The Nashville Area Chamber of Commerce is dedicated to nurturing each part of its robust economic ecosystem.</p>
<p>“The Nashville Area of Commerce’s mission is to create economic prosperity by facilitating community leadership,” says Schulz, who believes that bringing together the private and public sectors will result in an ideal community. “You have to be a livable place to attract talent. You need the talent to create and sustain businesses. You need businesses to create prosperity.”</p>
<p>For 32 years, The Nashville Area of Commerce has accomplished its mission by improving housing, transportation, education, health, child care, manufacturing, as well as its entertainment industry. After all, music is closely linked to the brand of Nashville.</p>
<p>Dubbed “Music City”, Nashville generates $15.6 billion from its music and entertainment scene. According to Schulz, the city’s concert promoters, record labels, and entertainment media outlets help drive investments, trades, jobs, and new relationships to the global marketplace.</p>
<p>From Schulz's interview, it’s clear why Tennessee is the perfect place for business. Everybody is guaranteed a welcoming and culturally-rich environment, as well as a thriving economic ecosystem. Following the decision of the likes of Mitsubishi, Nissan, and FedEx to relocate their respective HQs to the state, will your company follow suit?</p>',
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'id' => '545267',
'title' => 'Is It Time for Your Business to Move to Tennessee? ',
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'description' => 'With a working population of more than 700,000 (more than 2 million if you count the Greater Nashville Region), more than 1,000 foreign-based businesses, and per capita income growth of 208%, Nashville is redefining what it means to be a thriving global city.',
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'content' => '<p>With a working population of more than 700,000 (more than 2 million if you count the Greater Nashville Region), more than 1,000 foreign-based businesses, and per capita income growth of 208%, Nashville is redefining what it means to be a thriving global city.</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-Nashville-Chamber-Ralph-Schulz.jpg" alt="" />
<figcaption class="image-caption">Nashville Area Chamber of Commerce President and CEO Ralph Schulz</figcaption>
</figure>
<p>In an exclusive interview with GMI POST, <a href="https://www.nashvillechamber.com/" target="_blank" rel="noopener">Nashville Area Chamber of Commerce</a> President and CEO Ralph Schulz shares his thoughts on why moving your business to Tennessee could be the best decision of your life.</p>
<p>“First and foremost, we are a welcoming culture”, Schulz said. Middle Tennessee, in particular, has attracted refugees since the 1960s. The interaction of different cultures has turned the metropolitan area into an inclusive community.</p>
<p>In terms of its business landscape, Schulz says Tennessee’s “low cost, low regulation” environment makes it appealing to both investors and entrepreneurs.</p>
<p>Tennessee’s location is also an added premium. According to Schulz, the state is very close to a huge concentration of talent in the United States, has easy access to airports and rail hubs, and near the Mississippi River and the Gulf of Mexico, making it convenient for people to conduct business.</p>
<p>Schulz also highlights how all these factors are interconnected, which is why The Nashville Area Chamber of Commerce is dedicated to nurturing each part of its robust economic ecosystem.</p>
<p>“The Nashville Area of Commerce’s mission is to create economic prosperity by facilitating community leadership,” says Schulz, who believes that bringing together the private and public sectors will result in an ideal community. “You have to be a livable place to attract talent. You need the talent to create and sustain businesses. You need businesses to create prosperity.”</p>
<p>For 32 years, The Nashville Area of Commerce has accomplished its mission by improving housing, transportation, education, health, child care, manufacturing, as well as its entertainment industry. After all, music is closely linked to the brand of Nashville.</p>
<p>Dubbed “Music City”, Nashville generates $15.6 billion from its music and entertainment scene. According to Schulz, the city’s concert promoters, record labels, and entertainment media outlets help drive investments, trades, jobs, and new relationships to the global marketplace.</p>
<p>From Schulz's interview, it’s clear why Tennessee is the perfect place for business. Everybody is guaranteed a welcoming and culturally-rich environment, as well as a thriving economic ecosystem. Following the decision of the likes of Mitsubishi, Nissan, and FedEx to relocate their respective HQs to the state, will your company follow suit?</p>',
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'id' => '545268',
'title' => 'What's next for the Port of South Louisiana? ',
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'description' => 'Founded in 1960, the Port of South Louisiana moves more than 60% of the country's exported goods to the world, which includes more than 100 million tons of grain, soybeans, wheat, and corn, to name a few. At the same time, the port also moves another 100 million tons of petrochemical products.',
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'content' => '<p>Among the largest ports in the United States and the Western Hemisphere in terms of total tonnage handled, the <a href="https://portsl.com/" target="_blank" rel="noopener">Port of South Louisiana</a> demands clockwork efficiency to run and visionary managers to secure its future as a leading trade and logistics hub in America.</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-Port-of-South-Louisiana-Paul-Matthews-CEO.jpg" alt="" />
<figcaption class="image-caption">Port of South Louisiana CEO Paul Matthews</figcaption>
</figure>
<p>Founded in 1960, the Port of South Louisiana moves more than 60% of the country’s exported goods to the world, which includes more than 100 million tons of grain, soybeans, wheat, and corn, to name a few. At the same time, the port also moves another 100 million tons of petrochemical products.</p>
<p>“The Port of South Louisiana feeds and fuels the world on a daily basis,” boasts Port of South Louisiana CEO Paul Matthews. </p>
<p>Despite the difficulties caused by the Covid-19 global pandemic, the port saw an increase in activity.</p>
<p>“Total exports went up by 1%, including chemicals and fertilizers which went up by 7%, corn exports by 20%, and beverage products by 100%,” Director of Communications Micah Cormier pointed out.</p>
<p>Given those figures, the Port of South Louisiana has clearly kept its dominant position. So, the challenge is: How do they improve a system that’s already performing well and is there more space for growth? The answer lies in the area of sustainable energy.</p>
<p>“We are a port that is constantly looking at the future of clean energy. As a matter of fact, we want to be the world’s premiere energy diverse port,” said Matthews, who added that many Japanese companies are being incentivized by their government to be more carbon-neutral.</p>
<p>So, to be the carbon neutrality partner for Japanese companies is a big deal for the port. That objective is set in other countries across Europe and North Africa, which have increased their demand for clean energy.</p>
<p>As 2022 comes to a close, Matthews has reaffirmed his commitment to to transform the region’s economic fabric by raising the global standard for ports. Led by Matthews, the Port of South Louisiana's team intends to increase its market share across multiple categories, expand its infrastructure, and invest in cross-value collaborations.</p>
<p>“We are not sitting on the sidelines waiting for things to happen. By investing in clean and sustainable energy today, we’re investing in everyone’s future. We are open for business and will make sure it stays that way,” Matthews said.</p>',
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'id' => '545269',
'title' => 'North Carolina celebrates milestone partnership with Japan',
'description_old' => null,
'description' => 'This year, North Carolina marks 40 years since HondaJet, the state's first Japanese direct investor, inaugurated its manufacturing facility in the city of Greensboro. Since 1982, the company has assembled more than 200 planes from the site and designed next-generation aircraft. ',
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'url' => 'north-carolina-celebrates-milestone-partnership-with-japan',
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'content' => '<p>This year, North Carolina marks 40 years since HondaJet, the state’s first Japanese direct investor, inaugurated its manufacturing facility in the city of Greensboro. Since 1982, the company has assembled more than 200 planes from the site and designed next-generation aircraft.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-2-Economic%20Development%20Partnership%20NC-Christopher%20Chung-CEO.jpg" alt="" />
<figcaption class="image-caption">Christopher Chung, CEO of the Economic Development Partnership of North Carolina</figcaption>
</figure>
<p>Recently, two Japanese companies unveiled plans to expand in North Carolina. Toyota said it would build its first dedicated electric vehicle battery manufacturing plant in the United States just outside Greensboro, while FUJIFILM Diosynth Biotechnologies announced the expansion of its factory near Raleigh.</p>
<p>These billion-dollar Japanese investments have significantly contributed to the industrialization of North Carolina, a historically agricultural eocnomy. To date, there are more than 200 Japanese-owned businesses in the state employing nearly 30,000 residents.</p>
<p>“FDIs diversifies our economy in a positive way. It also lends to cultural diversity, which I think is just an important marker of a more global place. When foreign investments come in, it’s a vote of confidence in North Carolina’s business climate,” said Christopher Chung, CEO of the <a href="https://edpnc.com/" target="_blank" rel="noopener">Economic Development Partnership of North Carolina</a>.</p>
<p>Chung is pleased at how North Carolina’s economy is shaping up this year, indicating that the state may have already recovered from the crisis caused by the COVID-19 pandemic.</p>
<p>And breaking new ground last year, North Carolina passed legislation that committed to cut carbon emmissions from power generation by 70% by 2030 and to achieve net-zero emission by 2050, while keeping rates cost effective for all businesses.</p>
<p>The state hopes that by developing more renewable sources of energy, like wind, solar, and hydropower, it gains a competitive advantage over other states and attract more investors sharing similar sustainability objectives.</p>
<p>Not limiting itself to the manufacturing sector, the Economic Development Partnership of North Carolina (EDPNC) wants to see more corporate headquarters, research and development centers, food processing plants, as well as warehouse and distribution facilties in the state, which has seen a recent expansion in the life sciences sector, like gene therapy and biotechnology.</p>',
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'id' => '545270',
'title' => 'FUJIFILM, Toyota to expand operations in North Carolina',
'description_old' => null,
'description' => '"The momentum is really growing, and we're very excited about that," said Japan-America Society of North Carolina Chairman Tim Newlin when asked about the state of Japanese investment in North Carolina. ',
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'content' => '<p>“The momentum is really growing, and we’re very excited about that,” said <a href="https://www.jasnc.org/" target="_blank" rel="noopener">Japan-America Society of North Carolina</a> Chairman Tim Newlin when asked about the state of Japanese investment in North Carolina.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE%20USA-NL-WK%202-Japan%20America%20Society%20of%20NC-Tim%20Newlin-Chairman.jpg" alt="" />
<figcaption class="image-caption">Japan-America Society of North Carolina Chairman Tim Newlin</figcaption>
</figure>
<p>Among the flagship locators is FUJIFILM Diosynth Biotechnologies, which broke ground on a $2 billion cell culture and microbial manufacturing capacity. Apart from being its largest in North America, the FUJIFILM investment is historic for North Carolina as it will be the largest life sciences investment and make the state a major center for life sciences in the U.S.</p>
<p>The facility, located in the town of Holly Springs in Wake County, is due to be fully operational by early 2025.</p>
<p>Meanwhile, global auto giant Toyota announced an additional $2.5 billion investment to expand its Toyota Battery Manufacturing North Carolina (TBMNC). The added investment forms part of a commitment to invest approximately $70 billion for its electrification development program, $5.6 billion of which is intended for the production of battery electric vehicle (BEV) and hybrid electric vehicles (HEV).</p>
<p>Scheduled to begin production in 2025, the facility is expected to employ more than 2,000 workers.</p>
<p>Aside from offering an excellent quality of life with its affordability, comfortable climate, clean beaches, lush mountains, North Carolina has attracted new businesses because of its connectivity to the rest of the world and its abundance in talent.</p>
<p>“From the standpoint of business, North Carolina has a large number of educational institutions, like the University of North Carolina, Duke, North Carolina State, and Wake Forest. We have a supply of good talented people coming through and that is attractive to businesses building their company and looking to recruit,” said Newlin.</p>
<p>Due to host the annual Southeast USA-Japan Conference in a few years, North Carolina will get an opportunity to introduce the local business community with new Japanese investors, as well as lay out all the state’s incentives and grants to prospective investors, according to Newlin.</p>',
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'id' => '545271',
'title' => 'Global Tampa Bay's mission: Expand markets and compete globally ',
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'description' => 'Global Tampa Bay (GTB), a cross-county partnership between the Tampa Bay Economic Development Council, Pinellas County Economic Development, and the Pasco Economic Development Council, is focused on promoting the Tampa Bay region globally as a top business destination. ',
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'url' => 'global-tampa-bays-mission-expand-markets-and-compete-globally',
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'content' => '<p><a href="https://www.globaltampabay.com/" target="_blank" rel="noopener">Global Tampa Bay (GTB)</a>, a cross-county partnership between the Tampa Bay Economic Development Council, Pinellas County Economic Development, and the Pasco Economic Development Council, is focused on promoting the Tampa Bay region globally as a top business destination.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SE-USA-NL-WK-2-Global-Tampa-Bay-Waterfront.jpg" alt="" />
<figcaption class="image-caption">In the last few years, Tampa Bay has become one of the more attractive places in the U.S. to live and work.</figcaption>
</figure>
<p>To improve the business climate in the region, GTB’s strategies include increasing business and trade opportunities for local companies and attracting foreign direct investments to create jobs in Tampa Bay. To enhance its attractiveness, GTB partnered with Tampa International Airport, Port Tampa Bay, as well as federal, state and local agencies to improve access to global markets for businesses.</p>
<p>While the cost of living in the area is among the lowest in the country, Tampa Bay also offers very affordable labor costs, salaries, benefits, utilities, low federal, regional, and local taxes, as well as various tax exemption programs that will attract investors looking to relocate or expand operations.</p>
<p>Tampa Bay also has nearly 80 colleges, universities, and technical schools, including top-ranking institutions like the University of South Florida, University of Tampa, and Saint Leo University, which guarantees companies with a steady stream of highly-skilled employees.</p>
<p>GTB organizes trade missions to meet potential clients in search of more export opportunities. Working with the U.S. Department of Commerce, it facilitates meetings with exporters and grants state and local assistance to offset the cost to participants.</p>
<p>In the past years, the region has seen dynamic growth in financial and professional services, manufacturing, distribution and logistics, life sciences and healthcare, information technology, corporate headquarters, and defense and security.</p>',
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'id' => '545272',
'title' => 'Japan and Serbia: 140 years of friendship ',
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'description' => 'In 1882, the then newly-crowned Serbian King Milan Obrenovic sent letters of friendship to the rulers of many countries. One of those letters found its way to Japan's Emperor Meiji in Tokyo, marking the first diplomatic correspondence between the two countries. Nearly a century and a half later, the respect, friendship and cooperation have only grown stronger between them.',
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'content' => '<p>In 1882, the then newly-crowned Serbian King Milan Obrenovic sent letters of friendship to the rulers of many countries. One of those letters found its way to Japan’s Emperor Meiji in Tokyo, marking the first diplomatic correspondence between the two countries. Nearly a century and a half later, the respect, friendship and cooperation have only grown stronger between them</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-1-Serbian-Embassy-in-Japan-Ambassador-Kovac.jpg" alt="" />
<figcaption class="image-caption">H.E. Aleksandra Kovac, Ambassador of the Republic of Serbia in Tokyo</figcaption>
</figure>
<p>To mark the 140th anniversary of bilateral relations between Japan and Serbia, GMI POST met with Her Excellency Aleksandra Kovac, <a href="http://www.tokyo.mfa.gov.rs/ambassador.php">Ambassador of the Republic of Serbia in Tokyo</a>, to discuss the current state of affairs between the two countries and the future of bilateral ties.</p>
<p>“I see ourselves as long-time friends that are growing together,” Kovac said, as she highlighted the increasing cooperation in the political and economic spheres through the years. According to the ambassador, this is evident in the increasing frequency of state visits between the two countries in recent decades, the most notable of which was the late prime minister Shinzo Abe’s trip to Serbia in 2018 wherein he launched The Western Balkan Initiative.</p>
<p>Today, Japan is the fifth-largest foreign investor in Serbia. Kovac identified car parts industry, pharmaceuticals, chemical industry, food, electronics etc. as the biggest recipients of Japanese investment, with start-ups, digital industry and green energy as great potentials for bigger Japanese presence.</p>
<p>In the diplomatic sphere, Kovac shared that Serbian Prime Minister Ana Brnabic, during her visit to attend the state funeral of slain prime minister Shinzo Abe, met with her counterpart, Fumio Kishida, and with Minister of Digital Affairs Taro Kono to explore opportunities to digitalize government processes.</p>
<p>“Serbia is building a strong image of a country with thriving economic opportunities and being responsive to the new trends,” said the ambassador, who pointed out Serbia could easily innovate and develop with the help of Japan. “Both Serbia and Japan are looking towards the future and thinking of ways to prosper and contribute to the global community.”</p>',
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'id' => '545273',
'title' => 'Sid: More than a gateway to Serbia',
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'description' => 'Bordering two other countries, namely the Republic of Croatia and Bosnia and Herzegovina, the Municipality of Å id is widely known as the portal to Serbia. But there's more to this town than its strategic location that makes it ideal for business.
GMI POST talked to the president of the municipality, Zoran Semenovic, to get a better understanding of what Å id has to offer to local and foreign investors. ',
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'content' => '<p>Bordering two other countries, namely the Republic of Croatia and Bosnia and Herzegovina, the <a href="https://sid.rs/about-the-municipality/" target="_blank" rel="noopener">Municipality of Šid</a> is widely known as the portal to Serbia. But there’s more to this town than its strategic location that makes it ideal for business.</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-1-Municipality%20of%20Sid-Zoran%20Semenovic.jpg" alt="" />
<figcaption class="image-caption">Municipality of Šid President Zoran Semenovic</figcaption>
</figure>
<p>GMI POST talked to the president of the municipality, Zoran Semenovic, to get a better understanding of what Šid has to offer to local and foreign investors.</p>
<p>“Yes, Šid’s geographic position and efficient railways have turned the town into a portal to European Union countries and other Balkan nations. But Šid is also strong in agriculture, manufacturing, and food production,” said the president, adding its welcoming, diverse, and vibrant culture, coupled with its strong talent pool, are why existing investors chose to conduct their business in Šid.</p>
<p>According to President Semenovic, Šid wants to help businesses and people reach their full potential by providing them with everything they need to succeed, especially in the food production and food processing sector, which is a high-priority for the municipality.</p>
<p>“Food is the future. Šid has over 40,000 hectares of land dedicated to agricultural and food production”, the president said.</p>
<p>Semenovic also shared that Šid has worked with the Japanese government and Japanese experts from the private sector, through the Japanese International Cooperation Agency, on optimizing the town’s food production, meat processing, and waste management system.</p>
<p>As an indicator of Serbia’s efforts to produce world-class food products, the president stressed that Serbian law prohibits the production and importation of any genetically modified foods and seeds.</p>
<p>He also hopes more investors will spend a lot of time in the Municipality of Šid because he is very sure that they be charmed by the town and stay longer.</p>',
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'section_summary' => 'Bordering two other countries, namely the Republic of Croatia and Bosnia and Herzegovina, the Municipality of Å id is widely known as the portal to Serbia. But there's more to this town than its strategic location that makes it ideal for business.
GMI POST talked to the president of the municipality, Zoran Semenovic, to get a better understanding of what Å id has to offer to local and foreign investors.',
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'title' => 'BDK Advokati: Expertise and service beyond the usual',
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'description' => 'Headquartered in Belgrade and with offices in Montenegro and in Bosnia and Herzegovina, BDK Advokati is one of Serbia's highly-rated and experienced law firms for corporate, institutional and HNW clients. ',
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'content' => '<p>Headquartered in Belgrade and with offices in Montenegro and in Bosnia and Herzegovina, <a href="https://bdkadvokati.com/">BDK Advokati</a> is one of Serbia’s highly-rated and experienced law firms for corporate, institutional and HNW clients.</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-1-BDK-Advokati-Tijana-Kojovic-17.jpg" alt="" />
<figcaption class="image-caption">BDK Advokati Founder and Managing Partner Tijana Kojovi?</figcaption>
</figure>
<p>BDK Advokati Founder and Managing Partner Tijana Kojovi?, met with GMI POST for an exclusive interview to talk about her firm’s history, Serbian market of legal services, and its role in building bridges between Japan and Serbia.</p>
<p>Established in 2004, BDK Advokati is a tier-1 law firm that provides high-end legal services, advising clients on commercial and regulatory issues, supporting them in transactions, as well as in dispute resolution, whether through litigation or international commercial arbitration.</p>
<p>Beyond its reputation for excellence, BDK Advokati is very proud of its client-focused and practical approach, which results in tailor-made advice that considers the client's business goals, making the firm a favorite among foreign companies that want to invest in Serbia.</p>
<p>“More than 95% of our clientele are actually foreign companies that operate in Serbia and neighboring countries either through local subsidiaries or on a cross-border basis. We focus on regional and otherwise complex and high-end work” she said.</p>
<p>Aside from multinationals from the U.S., Europe, the Middle East and China, BDK Advokati has worked for Japanese clients, including Sanrio and Yokohama Rubber on the Serbian aspects of its acquisition of wheel systems business from Trelleborg.</p>
<p>“Japanese businesses that do business on an international scale don’t focus on just one specific country but look at the bigger picture,” said Kojovi?, who is proficient in English and conversant in French.</p>
<p>“Whether it is advisory on local laws, transactional support in M&A, financing or greenfield projects, or representation in disputes, foreign investors can get in Serbia the quality of legal service they are used to getting in other more developed market economies”, she also said.</p>',
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'title' => 'Kentucky is the capital of electric vehicle battery production - Gov. Andy Beshear',
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'description' => 'In the last two years alone, Kentucky saw an influx of more than $9 billion in investments from, among them, Japan-based Envision AESC for a new, state-of-the-art gigafactory to produce electric vehicle batteries in Bowling Green. It was the second-largest economic development investment in the state. ',
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'url' => 'kentucky-is-the-capital-of-electric-vehicle-battery-production-gov-andy-beshear',
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'content' => '<p>“Just come to a state where Japanese companies have found success for the last 40 years.” That was Kentucky Gov. Andy Beshear’s call to foreign businesses looking to expand in the United States.</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%202-Governor-of-Kentucky-Gov-Andy-Beshear.jpg" alt="" />
<figcaption class="image-caption">Kentucky Gov. Andy Beshear</figcaption>
</figure>
<p>In the last two years alone, Kentucky saw an influx of more than $9 billion in investments from, among them, Japan-based Envision AESC for a new, state-of-the-art gigafactory to produce electric vehicle batteries in Bowling Green. It was the second–largest economic development investment in the state.</p>
<p><strong>Kentucky forges long-term partnerships built on trust</strong></p>
<p>“We are grateful for the 40-plus-year relationship,” said Gov. Beshear, who pointed out that Japan remains the Kentucky’s most important partner in terms of long-term foreign direct foreign investment, if you include the manufacturing plant of automotive giant Toyota.</p>
<p>Located in Georgetown, Toyota Motor Manufacturing Kentucky opened in 1986 and employs more than 9,000 people. The 36-year-old factory is commonly cited as the best example of a partnership with Japanese business built on trust.</p>
<p>“Once a company locates here, we grow with them for the years and decades,” Gov. Beshear said.</p>
<p><strong>Kentucky — the American home of Japanese companies</strong></p>
<p>Gov. Beshear is very grateful to all the Japanese companies that have established operation in the Kentucky and, as a result, created thousands of jobs in the state and improved the lives of many more local residents.</p>
<p>“Kentucky is a great place to invest in. We’re going to welcome (Japanese investors) with open arms,” said Gov. Beshear, who wants to attract new industries, whether it be electric vehicle parts, “green” aluminum, agritech businesses, or paper recycling mills.</p>',
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'title' => 'Fisk University ranked No. 1 in the USA for academic stewardship',
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'description' => 'With social scientist and civil rights activist W.E.B. Du Bois and educator Booker T. Washington listed among its historic faculty members, Fisk University deserves its recent accolade for being ranked by Forbes magazine as the No. 1 university in the USA in terms of academic stewardship. ',
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'content' => '<p>With social scientist and civil rights activist W.E.B. Du Bois and educator Booker T. Washington listed among its historic faculty members, <a href="https://www.fisk.edu/" target="_blank" rel="noopener">Fisk University</a> deserves its recent accolade for being ranked by Forbes magazine as the No. 1 university in the USA in terms of academic stewardship.</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%202-Fisk%20University-Jens%20Frederiksen-EVP.jpg" alt="" />
<figcaption class="image-caption">Fisk University Executive Vice President Jens Frederiksen</figcaption>
</figure>
<p>Initially focused on liberal arts education, the university has built a reputation for excellence in its STEM programs such as life sciences, computer science, data science, and business.</p>
<p>As a small university with only over 1,000 students, Fisk has distinguished itself for building partnerships with business that deliver a return on investment for its students through its corporate internship programs and eventual permanent jobs that offer competitive pay.</p>
<p><strong>Tennessee can be an innovation partner for Japanese companies </strong></p>
<p>More than its history as the oldest higher learning institution in Nashville and one of the elite historically black colleges and universities (HBCUs) in the United States, Fisk University has produced alumni that have excelled in Japanese companies, like Nissan and Bridgestone, as well as in the fields of medicine, education, public policy, and law.</p>
<p><strong>It has attracted a growing number of international students </strong></p>
<p>“HBCUs have always been remarkably inclusive. We have a growing Hispanic population. We have students from Nepal. That pipeline has really built up in recent years I think because of word of mouth,” said Fisk University Executive Vice President Jens Frederiksen.</p>
<p>In countries like the United States, where education cost is inflated, according to Frederiksen, more students are looking towards smaller institutions with a good track record in job placements in Fortune 500 companies, like Microsoft, Apple, and Google.</p>
<p><strong>Envisioning more partnerships with academia and industry</strong></p>
<p>“(Fisk University) is certainly very embracing of an international culture. It would be incredibly impactful to have more students [and faculty] from Japan,” said Frederiksen.</p>
<p>Aside from student and faculty exchanges, Fisk University is eager to collaborate with Japanese companies and industry partners that are already in Tennessee, in the U.S., or even in Japan, to attract and nurture more talent senior high school until university, providing them with of internship opportunities and eventual permanent jobs in prestigious companies.</p>
<p><strong>More Japanese set foot in the South </strong></p>
<p>“The Southern United States is a dynamic economy. The population is growing and the Japanese will find a cluster of other Japanese companies in the South, especially in Tennessee, working together,” Frederiksen said.</p>',
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'title' => '"Partnerships with Japanese companies are more than just making money" - Dr. Kozo Saito',
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'description' => 'Over many years, the University of Kentucky's Institute of Research for Technology Development (IR4TD) has counted Japanese automotive giants Toyota, Nissan, and Honda as its closest partners. In another fireld, Nippon Steel Corporation has also become one of the institute's most reliable collaborators.',
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'content' => '<p>Over many years, the University of Kentucky’s <a href="https://www.engr.uky.edu/ir4td">Institute of Research for Technology Development (IR4TD)</a> has counted Japanese automotive giants Toyota, Nissan, and Honda as its closest partners. In another field, Nippon Steel Corporation has also become one of the institute’s most reliable collaborators.</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%202-University%20of%20Kentucky-Kozo%20Saito.jpg" alt="" />
<figcaption class="image-caption">Dr. Kozo Saito, Founding Director of University of Kentucky's IR4TD</figcaption>
</figure>
<p>In 2017, Toyota invested $1.25 million in IR4TD to create an automotive production engineering program at the University of Kentucky to address a significant need in one of the country’s top three largest auto-producing states.</p>
<p>The program aimed to attract more engineering students and produce more engineers trained in automotive production. The Undergraduate Production Engineering Certificate program teaches automotive manufacturing core processes and provides access to Toyota’s state-of-the-art laboratory and world-class engineering expertise.</p>
<p><strong>Partnerships with Japanese companies go beyond profits</strong></p>
<p>For Dr. Kozo Saito, Founding Director of IR4TD and Professor of Mechanical Engineering, the institute’s partnerships with Japanese companies are geared towards creating a positive impact on society through environment-friendly projects.</p>
<p>“We like to do business [that is] based on clean technology and a sustainable society,” said Saito, who pointed out that Toyota remains deeply commitment to participate in sustainable initiatives without “seeking some immediate return from its support.”</p>
<p> “The greater good can only be achieved by working together,” he added.</p>',
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'id' => '545263',
'title' => 'Tampa Bay EDC: Where to find diversity, livability, and good value stock ',
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'description' => 'Situated on Florida's Gulf Coast, Tampa Bay offers ideal conditions and abundant opportunities for businesses across the state, the country, and the rest of the world. With its top-rated airport and large seaports, easy access to local and international customers is not problematic.',
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'url' => 'tampa-bay-edc-where-to-find-diversity-livability-and-good-value-stock',
'tags' => ': Japan, US, Florida, Tampa Bay Economic Development Council',
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'content' => '<p>Situated on Florida’s Gulf Coast, <a href="https://tampabayedc.com/" target="_blank" rel="noopener">Tampa Bay</a> offers ideal conditions and abundant opportunities for businesses across the state, the country, and the rest of the world. With its top-rated airport and large seaports, easy access to local and international customers is not problematic.</p>
<figure class="image-container floated-right" style="float: right;"><img class="align-right" src="https://www.gmipost.com/img/uploads/Non-Report/Newsletters/JT-2022-SOUTH-USA-NL-WK%201-Tampa-Bay-EDC-Michelle-Bauer-COO.jpg" alt="" />
<figcaption class="image-caption">Tampa Bay Economic Development Council COO Michelle Bauer</figcaption>
</figure>
<p>Tampa Bay’s extensive interstate system also enables a collaborative landscape for a diverse range of industries like education, professional and shared services, information technology, health technology, manufacturing, financial services, distribution and logistics, life sciences, defense technologies and security, and supply chain management technology.</p>
<p>New developments have sprouted only within a 20-minute radius of downtown Tampa. Water Street is a $3.5 billion urban community that features homes, offices, shops, and hotels, all built along an accessible waterfront. Its central location makes traveling to and from the central business district accessible and convenient for business and leisure travelers.</p>
<p>A nine-story office building at Tampa International Airport, SkyCenter One, offers convenience to frequent travelers with amenities like a conference center, meeting spaces, a fitness center, and coffee shops.</p>
<p>Foreign investors have seen the potential of Tampa Bay. With a significant presence of marine-related industries based in Tampa, including the Italian-owned company Bertram Yachts, and Suzuki Marine, a subsidiary of Japanese multinational Suzuki, the city is very welcoming judging from its multilingual, highly educated population.</p>
<p>Aside from a favorable business climate and pedestrian-friendly neighborhood, Tampa Bay also benefits from the presence of MacDill Air Force Base, home to the U.S. Central Command and the U.S. Special Operations Command. Some companies have employed retired military personnel with strong background in cybersecurity, logistics, and security.</p>
<p>According to Tampa Bay Economic Development Council COO Michelle Bauer, people do not move to their community as visitors: “They come here to raise their families and establish their homes. They want to be in a place where the housing is relatively affordable when compared to many of the other major markets.”</p>
<p>Meanwhile, companies and entrepreneurs that have ventured to Tampa have seen their decision pay off.</p>
<p>“You can get a lot for your money here and a lot for your investment; great people and many opportunities for growth,” said Bauer. </p>',
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'title' => 'Renowned U.S. chip designer wants to end Nvidia's global dominance',
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'description' => 'Tenstorrent CEO Jim Keller, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant's global market dominance.',
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'content' => '<p><strong>Tenstorrent CEO Jim Keller</strong>, who worked for Intel, AMD and Tesla, said in an interview with Nikkei Asia that he wants to lower the price of AI applications by designing chips that are more efficient than Nvidia's and, in the process, end the American giant’s global market dominance.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-Tenstorrent.jpg" alt="" />
<figcaption class="image-caption">Tenstorrent CEO Jim Keller (Photo source: Tenstorrent)</figcaption>
</figure>
<p>Headquartered in Toronto, Tenstorrent has offices in Austin, Texas and Santa Clara, California, as well as in Belgrade, Tokyo, Bangalore, and Seoul. The company claims to be developing AI processors that perform as efficiently as Nvidia's AI GPUs but at a lower cost.</p>
<p>At present, Nvidia is the global market leader when it comes to AI chips. Its AI accelerators command between 70% and 95% of the global market share, according to CNBC.</p>
<p>Keller also said in the interview that Tenstorrent hopes to sell its second-generation multipurpose AI chip by the end of this year.</p>
<p>According to Keller, Tenstorrent can achieve its objective because it does not use high-bandwidth memory (HBM), a popular type of advanced memory chip capable of transferring large amounts of data quickly. HBM is a vital component for generative AI chips and has played a significant role in the success of Nvidia's offerings.</p>
<p>But Keller pointed out that HBM was also one of the culprits behind the massive energy consumption and high prices of AI chips.</p>
<p>"Even the people that use HBM struggle with the cost of it, [and] the design time to build it,” he said.</p>
<p>By doing away with HBM, Tenstorrent will design a chip that can replace both GPUs and HBMs in some areas of AI development, adding that its new product will be "as cost-effective as possible".</p>',
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'content' => '<p>Tokyo-based trading giant <strong>ITOCHU</strong> secured a contract to develop and test AI systems that will help run the transportation network and energy infrastructure of a future smart city project in southern Taiwan, according to a company press release.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-13-ITOCHU-Taiwan.jpg" alt="" />
<figcaption class="image-caption">ITOCHU plans to roll out AI-powered buses for Taiwan's new smart city project in Tainan. (Photo source: Nikkei Asia)</figcaption>
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<p>ITOCHU outbid other parties interested in the Integrated Development Project for Shalun Smart Green Energy Science City located in Tainan. The early-stage contract, according to Nikkei Asia, is worth around $332,000 (10.8 million New Taiwan dollars).</p>
<p>According to ITOCHU, the goal is to test its AI systems on a trial basis by the end of October. This is the first time the trading house has officially participated in an overseas smart city project.</p>
<p>The Taiwanese government also announced plans to earmark an additional $306.9 million (or 10 billion NTD) to develop the country’s artificial intelligence (AI) industry. In line with this goal, ITOCHU will collaborate with various Taiwanese partners, including IT company Accton Technology and National Cheng Kung University.</p>
<p>Home to the world's largest semiconductor maker, Taiwan Semiconductor Manufacturing Company (TSMC), Taiwan has a global market share of 61.7%. CNN estimates that TSMC produces 90% of the world's super-advanced semiconductor chips, which are used to power everything from smartphones to artificial intelligence applications.</p>',
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'content' => '<p>Belgium-based supplier of semiconductor solutions <strong>Melexis</strong> has opened its largest wafer testing site worldwide in Kuching in the Malaysian state of Sarawak to strengthen its presence in Asia-Pacific and meet the rising demand for semiconductors around the world, according to a company announcement.</p>
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<figcaption class="image-caption">Melexis' new 70 million-euro facility in Kuching is a nod to the local architectural design. (Photo source: Melexis)</figcaption>
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<p>Wafer testing is part of the manufacturing process wherein all individual integrated circuits are checked for functional defects through special test patterns.</p>
<p>According to Melexis, its expansion in Malaysia is a strategic move to streamline logistics and reduce its ecological footprint. Additionally, it selected Kuching because of its diverse, multilingual, entrepreneurial and highly skilled workforce.</p>
<p><strong>Melexis CEO Marc Biron </strong>said, “With an investment of 70 million euros, this opening underscores the ambition of Melexis and will ensure future growth. With Melexis, we are at the forefront of innovation, and this opening will support us in the markets that we serve.”</p>
<p>The new four-storey building, a collaboration of award-winning Belgian architect Sebastian Mortelmans and local architectural firm DNA, covers a ground surface of 4,500 sq. m., making it the company’s largest wafer testing site worldwide. The modern design evokes local longhouse architecture, incorporates advanced energy-saving systems, like a solar installation that can generate 30.000 kWh per month, and minimizes its environmental impact.</p>
<p>“Melexis has made the right choice to invest in Sarawak. With political stability, Sarawak is business-friendly and welcomes investments that can create mutual benefits. The Sarawak government has always been very supportive of investors both foreign and domestic. It is among the most preferred destinations for investment in Malaysia,” <strong>Sarawak’s Ministry of International Trade, Industry and Investment </strong>said in a statement<strong>.</strong></p>
<p>“Sarawak possesses many comparative advantages for businesses to grow and prosper such as strategic location, availability of green energy, talented workforce, and suitable land for industrial activities,” the statement also said.</p>',
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'content' => '<p>Japanese trading giant <strong>ITOCHU</strong> announced this month it had invested in <strong>ZeroAvia</strong>, a British-American maker of hydrogen-electric engines for aircraft, according to a company statement.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-US-Jap-WK-13-Itochu-ZeroAvia.jpg" alt="" />
<figcaption class="image-caption">An aircraft powered by ZeroAvia's hydrogen-electric engines (Photo source: ZeroAvia)</figcaption>
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<p>Founded in 2018, ZeroAvia describes itself as “a team of passionate innovators dedicated to bringing safe, zero-emission flight to aviation.” The company claims its hydrogen-electric propulsion systems are “the most environmentally friendly and economically attractive solution to aviation’s growing climate change impact.”</p>
<p>According to ZeroAvia, its hydrogen-electric engines cut more than 90% of harmful emissions, lower operating costs by more than 40%, improve air quality and reduce noise pollution in airport communities.</p>
<p>Under the deal, ITOCHU will serve as ZeroAvia's distributor in Asia, marking its first investment in a developer of hydrogen engines for aircraft and a further expansion into the aviation industry. ITOCHU is part of Japan Aerospace, which is involved in aircraft sales, and of JAMCO, which manufactures materials for aircraft interiors.</p>
<p>According to ITOCHU, this recent investment is part of the company’s long-term goal of helping save the planet by decarbonizing the aviation industry.</p>',
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'content' => '<p>For the third time in the last five years,<strong> Virginia</strong> was ranked America’s Top State for Business in 2024 by CNBC, which cited the state for having the best public schools in the country. It grabbed the top spot in 2007, 2009, 2011, 2019, and 2021.</p>
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<figcaption class="image-caption">Fairfax County Economic Development Authority President and CEO Victor Hoskins (Photo source: Fairfax County Economic Development Authority)</figcaption>
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<p>“Congratulations to Virginia on being named America’s Top State for Business in 2024 by CNBC, a record six times achieving that designation. I know that Virginia succeeds because of our shared belief that collaboration and innovation yield great results for our businesses and their employees,” said <strong>Fairfax County Economic Development Authority President and CEO Victor Hoskins</strong>.</p>
<p>Virginia ranks in the top half or better in each of the study’s 10 categories this year, “a rare feat,” noted CNBC. The state landed in the top 10 in four additional categories: infrastructure (3rd), business friendliness (5th), access to capital (8th) and workforce (9th).</p>
<p>For the first time, CNBC counted infrastructure (including the availability of shovel-ready sites) as the most important component for businesses when deciding on investment and cited the Virginia Business Ready Sites Program, as well as its world-class port, rail, roadway, and air transportation ecosystem as major contributors to the recognition.</p>
<p>CNBC’s annual ranking measures all 50 states on 128 different metrics in 10 key categories of competitiveness. North Carolina ranked second on the list, followed by Texas, Georgia and Florida.</p>
<p>Regarding Virginia’s economic relations with Japan, over $32.5 billion in capital investment has been made by Japanese companies in the last 5 years, according to the Virginia Economic Development Partnership, which also reports that Japanese companies employ more than 15,2000 people in the state.</p>',
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<figcaption class="image-caption">Michigan Gov. Gretchen Whitmer (center) with senior officers of FANUC America at its West Campus. (Photo source: FANUC America)</figcaption>
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<p>The new 650,000-square-foot facility was inaugurated on July 10 and is located in FANUC America’s West Campus in Auburn Hills, Michigan. The expansion increases the company’s footprint in Michigan to over 2 million square feet and is part of FANUC America’s plan to advance industrial automation in North America. The West Campus represents a $110 million investment built on 67 acres of land.</p>
<p>The facility, built on 270,000 square meters, has warehouse space to hold more than 6,000 robots and features automated systems for moving the robots in and out of the building, according to FANUC America.</p>
<p>"Our ongoing upward trajectory allows us to better support our customers with cutting-edge robotic and automation solutions, helping to drive more efficiency across all industries,” <strong>FANUC America CEO Michael Cicco </strong>said at the unveiling ceremony.</p>
<p>The Japanese company said it would have invested $250 million in North America since 2019 once this and other projects in its pipeline are completed. Currently, FANUC America has created over 400 jobs in Michigan.</p>',
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'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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<figcaption class="image-caption">K Health founder and CEO Allon Bloch (Photo source: K Health)</figcaption>
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<p>K Health said in the same statement that it had been developing its own AI technology for more than seven years. Today, it can provide 24/7 virtual primary care solutions to millions of people in the United States.</p>
<p>The K Health platform includes clinical-grade medical chat and AI predictive models based on large datasets to help physicians optimize diagnosis and treatment and focus on patient care.</p>
<p>Instead of doctors taking patients through lengthy procedures and manually piecing together their medical history from electronic medical records, K Health allows healthcare providers to engage more quickly and closely with patients by giving them a complete medical chart with patient insights straight from the app.</p>
<p>According to K Health, this new model of care delivery achieves dramatically higher quality of care at lower costs compared to traditional primary care.</p>
<p>“K Health solves the need to make primary care visits highly personalized by giving doctors AI superpowers that enable them to practice at the top of their license. Our primary care platform offers a concierge medical experience with an assigned provider and 24/7 access to care,” explained<strong> K Health founder and CEO Allon Bloch.</strong></p>
<p>“When partnered with leading health systems, this model creates significant benefits to access, clinical outcomes, and patient experience. All you need to get care is your health insurance, a stark contrast to concierge medicine services that typically cost thousands of dollars,” Bloch added.</p>
<p>Meanwhile, <strong>Claure Group</strong> <strong>Founder and CEO Marcelo Claure </strong>said: As I invest in the AI landscape, I have found it incredibly difficult to discover companies making tangible, real-world progress with AI. K Health is the first company I've seen successfully using AI to impact millions of lives. They are addressing some of healthcare's greatest challenges by providing accessibility to faster, higher-quality, lower-cost care on a large scale."</p>',
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<figcaption class="image-caption">Cambodia Prime Minister Hun Manet (right) met with Lee Li Holdings President and CEO Lee Q. Shim (Ieft) in Phnom Penh this month. (Photo source: Office of the Prime Minister)</figcaption>
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<p>During the meeting, Manet pointed out that the <strong>Cambodia Chamber of Commerce</strong> had two representative offices in Canada (Toronto and Montreal) that promote bilateral trade and assist exporters and importers in their two countries.</p>
<p>“Shim’s visit will further contribute to the promotion of trade relations between Cambodia and Canada,” Manet said.<br /><br />The prime minister also encouraged Shim to pursue discussions with relevant ministries and agencies, such as the Ministry of Health, the Ministry of Mines and Energy, and Ministry of Commerce, adding that his government has supported the private sector by encouraging international investment in the country.</p>
<p>Canada is one of the largest investors in Cambodia and has brought in around $1.1 billion in foreign direct investment as of 2021, Cambodian socio-economic analyst Chey Tech told The Phnom Penh Post in an interview.</p>',
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'content' => '<p><strong>National University Hospital (NUH)</strong>, the main teaching hospital of the country’s top-ranking National University of Singapore, announced this month the opening of a center focused on providing trauma care to vulnerable groups, particularly children, older adults, and migrant workers.</p>
<figure class="image-container floated-right" style="float: right;"><img src="https://www.gmipost.com/img/uploads/Z-Newsletters/2024-R2/2024-R2-ITL-WK-12-SG-NU-Hospital.jpg" alt="" />
<figcaption class="image-caption">Key representatives of NUH during the launch of the National University Centre for Trauma (Photo source: Singapore's National University Hospital)</figcaption>
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<p>According to the NUH, the center will use a code system to reduce the time between admission to the emergency department and the transfer to an operating theatre. Code Trauma involves the mobilization of all essential staff, including emergency physicians, nurses, surgeons, and anesthesiologists, to accelerate decision-making and response for patients with polytrauma or multiple injuries.</p>
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<p>Today, NUH has over 1,200 beds and serves more than 1 million patients a year with over 50 medical, surgical, and dental specialties. NUH is the only public and not-for-profit hospital in Singapore that provides care for adults, women and children under one roof, including the country’s only pediatric kidney and liver transplant program.</p>',
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'content' => '<p>With a working population of more than 700,000 (more than 2 million if you count the Greater Nashville Region), more than 1,000 foreign-based businesses, and per capita income growth of 208%, Nashville is redefining what it means to be a thriving global city.</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-Nashville-Chamber-Ralph-Schulz.jpg" alt="" />
<figcaption class="image-caption">Nashville Area Chamber of Commerce President and CEO Ralph Schulz</figcaption>
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<p>In an exclusive interview with GMI POST, <a href="https://www.nashvillechamber.com/" target="_blank" rel="noopener">Nashville Area Chamber of Commerce</a> President and CEO Ralph Schulz shares his thoughts on why moving your business to Tennessee could be the best decision of your life.</p>
<p>“First and foremost, we are a welcoming culture”, Schulz said. Middle Tennessee, in particular, has attracted refugees since the 1960s. The interaction of different cultures has turned the metropolitan area into an inclusive community.</p>
<p>In terms of its business landscape, Schulz says Tennessee’s “low cost, low regulation” environment makes it appealing to both investors and entrepreneurs.</p>
<p>Tennessee’s location is also an added premium. According to Schulz, the state is very close to a huge concentration of talent in the United States, has easy access to airports and rail hubs, and near the Mississippi River and the Gulf of Mexico, making it convenient for people to conduct business.</p>
<p>Schulz also highlights how all these factors are interconnected, which is why The Nashville Area Chamber of Commerce is dedicated to nurturing each part of its robust economic ecosystem.</p>
<p>“The Nashville Area of Commerce’s mission is to create economic prosperity by facilitating community leadership,” says Schulz, who believes that bringing together the private and public sectors will result in an ideal community. “You have to be a livable place to attract talent. You need the talent to create and sustain businesses. You need businesses to create prosperity.”</p>
<p>For 32 years, The Nashville Area of Commerce has accomplished its mission by improving housing, transportation, education, health, child care, manufacturing, as well as its entertainment industry. After all, music is closely linked to the brand of Nashville.</p>
<p>Dubbed “Music City”, Nashville generates $15.6 billion from its music and entertainment scene. According to Schulz, the city’s concert promoters, record labels, and entertainment media outlets help drive investments, trades, jobs, and new relationships to the global marketplace.</p>
<p>From Schulz's interview, it’s clear why Tennessee is the perfect place for business. Everybody is guaranteed a welcoming and culturally-rich environment, as well as a thriving economic ecosystem. Following the decision of the likes of Mitsubishi, Nissan, and FedEx to relocate their respective HQs to the state, will your company follow suit?</p>',
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Is It Time for Your Business to Move to Tennessee?
With a working population of more than 700,000 (more than 2 million if you count the Greater Nashville Region), more than 1,000 foreign-based busin...
