Milwaukee region to develop a plan to attract foreign investment

Freeman Staff

April 1, 2015

MILWAUKEE — As part of the Global Cities Initiative, the Milwaukee region has been selected to develop a regional plan to attract and leverage foreign direct investment, according to an announcement Wednesday from the Milwaukee 7 Regional Economic Development Partnership.

The plan will be a joint project with the Brookings Institution and JPMorgan Chase. Launched in 2012, the Global Cities Initiative helps business and civic leaders grow their metropolitan economies by strengthening international connections and competitiveness.

The Milwaukee Region will join Atlanta, Des Moines, Iowa, upstate South Carolina, Los Angeles and Syracuse, N.Y. in developing a foreign direct investment plans. According to the announcement, Brookings selected these six metro areas after an extensive application process.

“For this next phase, we selected metro areas that are committed to attracting and leveraging foreign direct investment as part of a comprehensive global trade and investment strategy,” said Brad McDearman, Brookings fellow and director of global special projects, in a statement. “The six metro areas selected for this round will be strong role models for other regions and represent a growing group of leaders who understand the need to embrace the global market to remain competitive in the 21st century economy.”

The Milwaukee 7 is the regional economic development partnership of the seven counties of southeast Wisconsin: Kenosha, Milwaukee, Ozaukee, Racine, Walworth, Washington and Waukesha.