enterpriseSeattle and Invest Brisbane Join Forces To Drive Foreign Investment and Partnerships.SEATTLE -- enterpriseSeattle, formerly known as the Economic Development Council for Seattle and King County, today signed a new alliance with Invest Brisbane to drive foreign direct investment between the Puget Sound Puget Sound (py `jĕt), arm of the Pacific Ocean, NW Wash., connected with the Pacific by Juan de Fuca Strait, entered through the Admiralty Inlet and extending in two arms c. Region and Brisbane, Australia. The unprecedented
strategic alliance, titled the New World Cities Alliance will create the
first regional investment agency partnership for both King County and
Brisbane, focused on sharing knowledge and talent to develop foreign
direct investment, expansion and partnerships within key targeted
industry clusters.
"The global investment climate has tightened and regions have become more competitive than ever before," said Jeff Marcell, executive vice president and COO for enterpriseSeattle. "This regional partnership approach will be critical in foreign direct investment and helping companies in both regions to expand." "From our initial meeting with enterpriseSeattle one year ago, Seattle had been identified as a region that was well matched with Brisbane's sector capabilities," said Invest Brisbane Director, Daniel Havas. "A critical piece to the strategic alliance was the common strengths in knowledge based sectors in Brisbane and Seattle, specifically in the creative industries, advanced manufacturing, information communication technology and biotechnology." "King County and Brisbane have many synergies, evidenced by the number of companies present in both regions such as Boeing, Hatch Mott MacDonald The Mott MacDonald Group was formed in 1989 when Mott, Hay and Anderson, renowned for its contribution to transportation engineering, merged with Sir M MacDonald & Partners, distinguished by a long tradition of water-related projects. , SeaMobile, INSITU, Microsoft and others," said enterpriseSeattle Executive Vice President and COO Jeff Marcell. "Today's agreement is a deliberate step in the formal recognition of the synergies between our regions, and a creative approach to leverage each other's technologies, talent and innovation." Both regional economic development organization share a strong focus on steering their economy towards knowledge-based industry sectors, drive commercial and corporate investment projects as well as having a strong ethic of collaboration with international enterprises. Investment promotion activities under this creative alliance will include the provision of market information; access to professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. such as marketing, industry expertise and networks; and support on investment projects. Other bilateral relationships that exist between the two regions is the Queensland and Washington State Memorandum of Understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. (MOU (Minutes Of Usage) A metric used to compute billing and/or statistics for telephone calls or other network use. ) specifically for the biotechnology sector, and joint university partnerships between Washington with The University of Queensland The University of Queensland (UQ) is the longest-established university in the state of Queensland, Australia, a member of Australia's Group of Eight, and the Sandstone Universities. It is also a founding member of the international Universitas 21 organisation. (UQ) and Queensland University of Technology (QUT QUT Queensland University of Technology (Australia; now Queensland Institute of Technology) QUT Position of Incident Is Marked (radiotelegraphy) ). About enterpriseSeattle Founded in 1971, enterpriseSeattle, formerly known as the Economic Development Council of Seattle and King County, is an economic development partnership charged with the mission of building a competitive, world-class economy in King County and its 39 cities. Funded through a combination of public and private investment, the organization provides one-on-one, confidential consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" , free-of-charge, to businesses seeking to establish, expand, or relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. to the area. For more information, visit www.enterpriseSeattle.org. |
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