Gov. Hutchinson plans Asian business recruiting trip | Arkansas Blog

Friday, November 6, 2015

Gov. Hutchinson plans Asian business recruiting trip

Posted By on Fri, Nov 6, 2015 at 1:37 PM

Gov. Asa Hutchinson announced today a trip to China and Japan to drum up business for Arkansas.

His office said:

Governor Asa Hutchinson and Arkansas Economic Development Commission (AEDC) Executive Director Mike Preston will travel to Japan and China November 15-24 on a business recruitment trip.

The purpose of the trip is to meet with prospective companies considering locating or expanding in the United States. In addition to meeting new prospects, Governor Hutchinson and Mr. Preston will also meet with representatives of companies that already have a presence in Arkansas.

“In order to demonstrate Arkansas’ interest in Japanese and Chinese companies considering investing in the United States, it is important we meet face to face with leaders of these companies,” Governor Hutchinson said. “Through this trip, we will build new relationships while ensuring those companies headquartered in Asia that already do business in the state have what they need to stay and grow in Arkansas.”

Eighteen of the 98 projects which signed incentive agreements with AEDC in 2014 were by foreign-owned corporations. These eighteen projects announced plans to create more than 567 new jobs in Arkansas.

There were six Asian countries among Arkansas’ top 20 trading partners in 2014 accounting for 21.47 percent of all exports from Arkansas.

AEDC has maintained an office in Japan since 1985. The Japan Office promotes foreign direct investment in Japan, the Republic of South Korea, India and countries in Southeast Asia. There are currently 16 Japanese companies with 19 locations in Arkansas employing approximately 5,300 workers. AEDC established Arkansas’s first China Office in 2008. The China Office has taken several steps to lay the state’s foundation for recruiting investment. Four Chinese companies and one Taiwanese company have a presence in Arkansas.

Tags: , , ,

From the ArkTimes store


Comments (6)

Showing 1-6 of 6

Add a comment

Subscribe to this thread:
Showing 1-6 of 6

Add a comment

More by Max Brantley

  • Bipartisan deal to continue subsidies Trump ended. But ...

    Everyone's reporting that Sens. Patty Murray and Lamar Alexander have struck a bipartisan deal on to continue federal subsidies for health coverage that Donald Trump cut off.
    • Oct 17, 2017
  • Tuesday: Open line, news roundup

    The open line, plus the day's news roundup.
    • Oct 17, 2017
  • James Lee Witt corrects Trump on grade for Puerto Rico relief effort

    Donald Trump twice yesterday used James Lee Witt, Bill Clinton's widely hailed FEMA director and now in the private business of assisting in disasters, as a reference on the work he's done responding to hurricanes this year. Media, particularly on the conservative end, have echoed the Trump remarks.But hold on: Witt wasn't talking about Puerto Rico.
    • Oct 17, 2017
  • More »

Readers also liked…

  • Auditor Lea caught not telling the truth

    State Auditor Andrea Lea, who began her tenure in statewide office with a degree of competence unseen in some other Republican counterparts (think Treasurer Dennis Milligan particularly), is becoming more deeply mired in a political scandal.
    • Mar 4, 2016
  • Sarah Huckabee Sanders becomes White House press secretary

    Sarah Huckabee Sanders, daughter of former Arkansas Gov. Mike Huckabee, is the new White House press secretary.
    • Jul 21, 2017
  • Another Republican miracle-working governor

    Great piece in Washington Post on the budget crisis in Louisiana. Big tax cuts and corporate welfare will do that to a state, particularly to a state whose previous governor, Republican Bobby Jindal, refused to join the Obamacare-funded Medicaid expansion. There's a lesson there for Arkansas.
    • Mar 4, 2016

Most Shared

Most Recent Comments

  • Re: Tuesday: Open line, news roundup

    • As I remember and I could be misremembering, that the ICE raids usually took place…

    • on October 17, 2017
  • Re: Tuesday: Open line, news roundup

    • OMG--could he be any more insensitive? Trump told soldier's widow 'he knew what he signed…

    • on October 17, 2017
  • Re: The Medicaid charade explained

    • How I Got My Desired Loan Amount From A Reliable Loan Company. My name is…

    • on October 17, 2017



© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation