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  • Tennessee Leads the Nation for Foreign Direct Investment Job Creation

    by Lori Odom | Aug 15, 2016

    For the second time in three years, Tennessee has topped IBM's Global Location Trends report. The annual report from the IBM Institute for Business Value measures the number of jobs created or committed via foreign direct investment (FDI) in each state during the 2015 calendar year.

    The Volunteer State is home to roughly 920 foreign-based establishments that have invested more than $33.3 billion in capital. The state’s top 10 countries for FDI include Japan, Germany, Canada, the United Kingdom, South Korea, Italy, France, Switzerland, Sweden and China.

    Tennessee ranked No. 1 in IBM’s 2014 Global Location Trends Report, and No. 4 in last year’s list. Achieving the No. 1 ranking again this year is a testament to the emphasis we've placed on attracting FDI, as well as our state's strong position in the global economy.

    Middle Tennessee has long been a top choice for investments from top Japanese employers such as Nissan and Bridgestone, but in recent years, we've begun to attract more investment from all over the world, including Italy, China and Korea. In 2015, 28 percent of new job creation in our region resulted from FDI, and foreign-owned companies employed nearly 49,000 people at more than 300 office ...

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  • Tennessee Takes Tokyo – Why You Should Attend the SEUS-Japan Annual Meeting

    by Lori Odom | Jul 12, 2016
    mtfujiJapan is our leading source of foreign direct investment by far, accounting for 63 company locations and nearly 20,000 jobs in the Nashville region.

    If you have interest in making connections in Japan, I encourage you to join the 39th Annual Joint Meeting of the Southeast U.S./Japan and Japan-U.S Southeast Associations (SEUS-Japan) Sept. 20-22.

    Economic and Community Development Commissioner Randy Boyd will lead the Tennessee delegation. Networking among Southeastern and Japanese delegates is a key element of SEUS-Japan, since this prestigious gathering attracts Japanese business leaders, along with state governors, corporate presidents and CEOs, and top economic development, education, and business leaders from the seven Southeastern states to celebrate the longstanding economic and cultural ties between Japan and the Southeastern U.S.

    The 2016 conference will feature outstanding speakers and a series of new activities, including a business networking event in collaboration with the U.S. Embassy, the Japan Chamber of Commerce and the Japan External Trade Organization. The conference theme, "Initiative for a Sustainable Future through Continuous Innovation," will be reflected in conference sessions on timely and valuable topics on energy, the environment, investment and trade. Register today.

    To make the most of your trip to Japan, the Japan America Society ...
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  • Visiting Canada? Better Pack Your eTA or Visa!

    by Lori Odom | May 16, 2016

    Guest post by Melanie C. Walker, associate, Baker Donelson

    Canada has a new entry requirement. Effective March 15, 2016, visa-exempt foreign nationals must now have an Electronic Travel Authorization (eTA) to fly to or transit through Canada. A result of the Perimeter Security and Economic Competitiveness Action, the eTA program largely mirrors the Electronic System for Travel Authorization, which became mandatory in January 2009 for travelers to the U.S.

    During the upcoming months (through fall 2016), travelers who do not have an eTA can still board their flights as long as they have appropriate travel documents (valid passport and meet other basic requirements to enter Canada – good health, no convictions, temporary intent). Despite this leniency period, during which border services officers can allow entry, travelers should go ahead and complete the eTA process now to eliminate potential travel delays and risks of being turned away by a border official if unable to separately evidence that all travel requirements are otherwise met.

    Who Needs It:
    Visa-exempt foreign nationals who fly to or through Canada. Note that the eTA is not required if entering Canada by land or sea. Visa-exempt countries include: Australia, Belgium, Czech Republic, Denmark, France, Germany, Great Britain, ...

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  • What Is the Trans-Pacific Partnership, and Why Does it Matter?

    by Lori Odom | Mar 31, 2016
    Guest post by Penny Pritzker, U.S. Secretary of Commerce

    As secretary of commerce, my job is to create the conditions for American businesses and workers to keep their competitive edge in the 21st-century economy.

    American businesses face a world that is more competitive than ever. With modern technology and communications and with greater ease of transportation, national boundaries no longer define the marketplace or limit the reach of workers, consumers or businesses. 

    In this global economy, American prosperity is directly tied to our ability to access new markets and reach customers beyond our borders. To ensure that more U.S. firms can sell to the 95 percent of consumers who live overseas, the Obama administration is committed to expanding access to some of the fastest-growing markets in the world through trade agreements. The newly signed Trans-Pacific Partnership (TPP) is critical to growing the American economy and supporting good-paying jobs at home.

    The TPP will enable U.S. businesses to compete on a level playing field by eliminating more than 18,000 tariffs on American-made products sold overseas, while defining the highest standards on labor, the environment and the digital economy ever to be included in a trade agreement. With this transformational trade agreement, we ...

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  • Magazine Lauds Chamber's International Business Efforts

    by Lori Odom | Feb 16, 2016
    With the Nashville MSA ranked fifth for growth and 10th for prosperity among the 100 largest U.S. metros over the last five years, our region's economy is on the rise, and growing stronger.

    At the Chamber, our economic development efforts focus on keeping Middle Tennessee nationally and internationally competitive as a place to do business. With 277 foreign-owned company locations employing nearly 49,000 people in the Nashville area, foreign direct investment and exports are integral to our work.

    This month, the Chamber was named one of the top economic development corporations in the nation by Global Trade magazine, a trade publication for international business professionals.

    "Nashville may receive more attention for its eponymous TV show and honky-tonk establishments, but Music City has emerged as a global leader in commerce," says the article. "The city, which is home to international brands Under Armour and Amazon, saw exports surge 10 percent, year-over-year, to a record $9.6 billion in 2014 -- a volume largely attributable to the efforts of the NACC. The chamber also helped 154 companies relocate or expand in Nashville last year, with nearly 28 percent of the new jobs created through foreign direct investment."

    Statistics tell a compelling story about ...
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  • Embark on an Adventure to Spain with the Chamber

    by Lori Odom | Feb 09, 2016

    The Nashville Area Chamber of Commerce will be visiting Spain in 2016, and you're invited to join us!

    The stunning southern coast of Spain, known as the Costa del Sol, has a backdrop of spectacular mountain scenery and borders the Mediterranean Sea. Relax and enjoy the rich cultural heritage, fabulous beaches and charming villages while indulging in delicious food and experiencing the hospitality of the area.

    From a first-class hotel in the renowned resort town of Torremolinos, excursion options include Seville, Rondo, Granada, the Alhambra and a relaxing journey to Mijas, along with a visit to the famous Rock of Gibraltar.

    Through April 29, the special early-bird rate for this trip is $2,949 per person, double occupancy. Prices increase $100 per person after April 29. The nine-day, seven-night adventure is scheduled November 1-9, and the price includes airport transfers, hotel, meals, day trips and airfare from Nashville!

    Space is limited, so act fast. This trip is open to both current and future Nashville Area Chamber members. Don’t miss out on this opportunity to visit the Costa del Sol, experience another culture, make new friends and build lasting memories.

    For a detailed itinerary, click here. If you have questions, please contact ...

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    Category: General
  • U.S.-Cuba Relations - What Does the Future Hold?

    by Lori Odom | Jun 29, 2015

    A quien madruga, Dios lo ayuda.” -- The early bird catches the worm

    Nearly six months ago, President Obama initiated a plan by which Cuba and the U.S. would restore diplomatic relations. In April, leaders of the two nations met face-to-face for the first time since the countries severed ties in 1961. For those who hope to find business opportunities in Cuba, the changes can’t come soon enough.

    “The next and ultimately final step in allowing American business will be lifting the 53-year trade embargo, which would allow full and unfettered investment in Cuba,” said Christopher Peake of Peake Communication, a Chamber member who frequently travels to Cuba for business. “The president has relaxed restrictions on some imports, travel and telecommunications, so those three businesses are beginning to take shape.”

    The island nation of 11 million has guaranteed access to health care, a higher literacy rate and a lower infant mortality rate than the U.S. Adjustments to the trade embargo have allowed more U.S. agriculture and medical supplies to flow into Cuba with hopes that increased relations could prove favorable for trade between the U.S. and other Latin American countries.

    Exporting primarily food and agriculture products, the U.S. ...

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  • Partnership Between Israel and the American South: From Mere Acquaintances to Best Friends

    by Lori Odom | Jun 25, 2015
    Guest post by John Scannapieco, International Business Council board member and co-chair of Baker Donelson's global business team

    Israel is the "startup nation." The country’s strong entrepreneurial spirit and focus on innovation have led to its rise in the global economy and its predominance in the Middle East. The economic emergence of the American South shares similar attributes to Israel; these states are fast becoming the economic engine for the United States. As Israel and the American South continue to grow, businesses have been looking to form new partnerships and expand trade and investment opportunities between the two regions. These relationships could become invaluable, especially in the event of a crisis.

    So where do Israeli companies usually look? They look in Boston, New York and Silicon Valley. Businesses in the American South routinely look to Europe and Asia. Based on my work with global companies, I know how often Israeli companies overlook the American South and, similarly, how U.S. companies often overlook Israel. Yet, each state in the South tells a unique story of economic growth and global opportunity that often goes unnoticed in international circles, but fits Israel’s growth trajectory well. For example, Georgia is home to many global ...
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  • Promoting the Tennessee-Japan Trade Relationship

    by Lori Odom | Jun 11, 2015

    Japan is Middle Tennessee’s largest foreign investor nation, with approximately 65 companies employing more than 15,000 people. The Chamber's International Business Council supports this economic pillar through our connection with the Japan-America Society of Tennessee (JAST), a nonprofit that promotes the prosperous bilateral relationship between Tennessee and Japan.

    In his role as JAST board chair, Chamber President & CEO Ralph Schulz will be playing a large role in JAST’s Annual Membership Weekend, to be held Friday and Saturday, June 26-27, in Nashville at Gaylord Springs Golf Links.

    Friday features a special evening exclusively for JAST members and their invited guests. The occasion serves as the Society's official welcome to newly appointed Consul General of Japan The Honorable Masami Kinefuchi and his wife, who arrived in Nashville in late April.

    Saturday morning is highlighted by the 2015 Invitational Golf Classic, a half-day of a friendly, yet competitive, 18 holes on one of Middle Tennessee's finest golf courses. Prepare for a great day of networking and prizes!

    If you are not a JAST member, it’s not too late to join and take part in this great series of events. For more information, check out jastweekend.eventbrite.com or call 615-663-6060 or email jastninfo@jastn.org...

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  • Chamber's International Business Council Welcomes New Japanese Consul-General

    by Lori Odom | May 06, 2015
    The Chamber welcomes Masami Kinefuchi, newly appointed consul-general of Japan, to Nashville! Consul-General Kinefuchi arrived in Music City in late April and has already begun meeting and greeting state and local leadership. He assumes the role held by Motohiko Kato, who was reassigned to the Japanese Embassy in London following two and a half years in Nashville.

    Kinefuchi’s career has spanned multiple posts and positions within Japan’s Ministry of Foreign Affairs, including high-ranking roles at embassies in Canada, Australia, Pakistan and Egypt. His most recent posting was as assistant vice minister of justice in Tokyo, serving as deputy director-general for the Immigration Bureau.

    Kinefuchi is a graduate of the National Defense Academy of Japan, and holds advanced degrees from the School for Advanced International Studies at Johns Hopkins University.

    The Consulate-General of Japan in Nashville has jurisdiction over five states – Arkansas, Kentucky, Louisiana, Mississippi and Tennessee. The office provides consular services to Japanese nationals, as well as cultural and educational outreach, and encourages deeper economic relationships between Japan and the U.S. Japan is Middle Tennessee’s largest foreign investor nation, with approximately 65 companies employing more than 15,000 people. The Chamber's International Business Council looks forward to continuing our close ...

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