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PUTTING THE BEST BUSINESS PLAN TOGETHER PROFESSIONAL

If you are denied funding because you don’t have a business plan that meets the needs most business investors want to see in a plan, you have an issue.

PUTTING THE BEST BUSINESS PLAN TOGETHER PROFESSIONAL

An assessment of a region’s strengths and weaknesses with respect to FDI attraction, based on the assessment of the region and general business attraction factors: cluster and sector strengths, foreign relationship assets, strengths and weaknesses in transportation infrastructure, labor availability and rate, etc.Sometimes the difference between finding the funding you need for your business or not can rest on having a strategic, realistic and professional business plan.

An assessment of general business attraction factors and assets, such as factor costs, labor availability, transportation infrastructure, etc.

A profile of the regional base of companies and key sectors, clusters, major companies, and institutions.

An assessment of regional performance in FDI attraction, and an inventory of existing foreign-owned firms.

Comprehensive regional and market assessment, including:.

Rationale for why international engagement is important to the economic success of the region.

10), but is adapted and augmented based on research from the IERC project ( IERC Final Report p. This list started with Brookings’ approach (per the Brookings–FDI Planning Guide - A blueprint for metro teams pursuing global economic engagement, p. The plan should incorporate or consider the following components. A value proposition and strategy for targeting specific types of investors in specific countries is based on these regional assets and strengths. The approach outlined in this toolkit is focused around regional strengths and assets, including existing foreign relationships and connections that your region has already developed. These become core elements of your strategic plan for FDI. To develop a strategy and plan for FDI, start by reviewing the preceding sections: assessing your region to identify assets that matter to FDI, developing an effective value proposition, targeting foreign investors, and developing a plan for M&A. WAVTEQ, A Framework for Investment Promotion: “Many agencies in Europe, especially at the regional level, are now spending as much resources on supporting expansions as on attracting new investment … Oregon in the United States focuses exclusively on aftercare with existing investors as the primary mechanism to generate new investment.”ĭevelopment of a Complete FDI Strategy and Plan Other Economic Development Policies Relating to Tradeīrookings argues in the blog post: “Regional foreign investment strategies begin at home”, that even major metro areas are recognizing the superior ROI of focusing on BRE services: “The lessons coming from in the GCI Exchange are that chasing new foreign investment (or greenfield projects) is resource-intensive, represents only one component of a comprehensive FDI program, and typically fails to deliver large marquee projects … metro economic leaders are starting to see the potential of the foreign-owned firms they already have…Now they are becoming more strategic by reorienting their global efforts toward better understanding their local economies and providing comprehensive BRE services once any new FDI announcement (whether greenfield or M&A) is made.”.Resources for the COVID-19 Economic Recovery.Navigating Regulatory and Intermediary Services.

Key Elements in Operating an Aftercare Unit.Seven Fundamentals to Quality Aftercare.Starting a Successful Aftercare Program.Connect prospects to familiar faces and resources.Prepare the Community to Receive Prospects.Step 4: Embracing FDI Mergers & Acquisitions.Step 2: Developing Effective Value Propositions.Step 1: Conducting a Regional Assessment for FDI Strategy.Develop FDI Outreach and Marketing Plan.

Considering a Trade Mission or Tradeshow.

Connecting Companies to Federal and State Export Assistance.

Connecting Exporters with Finance Programs.

Recruiting Companies for Export Programs.

Step 2: Putting Together the Export Plan.

Step 1: Conducting a Regional Data Assessment for Export Strategy.

Understanding What Assets or Strengths Matter to Foreign Investors.

Determining Whether to Expend Resources on FDI.

Understanding the International Engagement Planning Process and Ingredients for Success.

Examples of Regional Collaboration Models.

Organizing International Engagement at the Regional Level.

Making the Case for International Engagement.