RICHARDSON WINS 2017 FDI STRATEGY AWARD RECOGNIZING CITY’S SOFT LANDING SERVICES FOR INTERNATIONAL BUSINESSES

01/07/2018

 

Richardson Contact: Ashley Sears

972-580-0662 x19

ashley@cookseypr.com                                

 

FOR IMMEDIATE RELEASE

 

Richardson WINS 2017 FDI STRATEGY AWARD RECOGNIZING CITY’S SOFT LANDING SERVICES FOR INTERNATIONAL businesses

 

fDi Magazine’s year-end fDi Strategy Awards recognize “best of the best” from year’s award submissions; Richardson has previously earned honors three times in magazine’s bi-annual “American Cities of the Future” Awards

 

RICHARDSON, Texas – December 15, 2017On the heels of being honored earlier this year, for a third time, with fDi Magazine’s “Top 10 in Small Cities for fDi Strategy” honor, the City of Richardson has now been named an fDi Strategy Award winner for its outstanding soft landing services in support of international companies. The fDi Strategy Awards recognize the previous year’s most exemplary award submissions related to strategic foreign direct investment (fDi) initiatives, and as such, represent a “best of the best” commendation.

            “We are proud to earn this distinguished honor for our strategic international business development program,” said Richardson Mayor Paul Voelker. “Through the joint efforts of the City, Chamber of Commerce and many business and community leaders, Richardson has truly become a thriving hub of innovative, internationally oriented business activity. We salute our partners for their efforts and pledge to continue positioning Richardson as a top-tier destination for foreign investment.”

For these prestigious, year-end awards, the fDi Intelligence division of the Financial Times considered all the submissions ranked between October 2016 and October 2017 in the fDi Strategy category of fDi Rankings. This totalled 117 locations worldwide under consideration for additional honors.

Richardson previously earned recognition earlier this year, and also in 2015, in fDi Magazine’s “American Cities of the Future” list as “Top 10 in Small Cities for fDi Strategy.” Richardson also was ranked by the magazine in the overall “Top 10 American Cities of the Future” in 2013.

 “These repeated honors validate the continued, focused efforts of our Mayor’s Office of International Business,” said Michael Skelton, vice president for international business development for the Richardson Economic Development Partnership (REDP), and director of the Mayor’s Office of International Business. “Today’s recognition of our soft landing services is particularly attributable to the International Concierge Program we have created, which provides hands-on support from business and community leaders to help incoming, foreign companies set up operations in Richardson and jump-start their businesses. We look forward to continued fostering of robust inbound and outbound international business activity.”

In 2011, the City of Richardson and the Richardson Chamber of Commerce approved the formation of the Mayor’s Office of International Business through the REDP, between the two organizations. The City of Richardson has been outsourcing domestic-focused economic development to the Richardson Chamber of Commerce for 30 years, but wanted to expand its foreign direct investment into the city by leveraging its position in North Texas as an international destination for foreign technology companies. 

 This started with the development of the Telecom Corridor® Area and extended to other high-tech industries. Today, Richardson has the U.S. headquarters or regional offices of more than 60 foreign-based companies. This heavy concentration of foreign-based companies prompted the Texas Legislature to proclaim Richardson as the International Business Capital of North Texas in May of 2011. 

 

About the Richardson Economic Development Partnership

The Richardson Economic Development Partnership (REDP) is a joint effort of the City of Richardson and the Richardson Chamber of Commerce, dedicated to building a vibrant and thriving local economy by attracting new investment and jobs through marketing, recruitment and working with existing employers. The REDP offers numerous services to companies considering expansion or relocation to the Telecom Corridor® area, including broker and real estate referrals, cost of business analyses, incentives, partner and executive introductions, relocation assistance, site selection, tours and city information. For more information, visit www.telecomcorridor.com.

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