Santa Rosa, California, USA 03-05 March 2015. Tractus’ Executive Director Dennis J Meseroll participated as an invited panelist in TeamCA’s Fourth Annual Meet the Consultants Forum in Santa Rosa, Sonoma County, California. TeamCA, the umbrella economic development organization for the State of California, brought together site selection and foreign direct investment consultants from around the world to inform its members comprising regional economic development organizations throughout the State of California of the opportunities for attracting investment into the State of California.
US economic development organizations should not only focus on attracting Greenfield investment projects, but develop strategies for identifying sources of capital from Asia that are looking for investment opportunities in growth companies, distressed assets, real estate and joint venture partners for companies operating in the State of California. “Economic development is a three-legged stool”, Mr. Meseroll noted, “state and regional economic development organizations should be promoting exports and developing strategies and action plans for attracting not only Greenfield investment projects but also financial investments from the world’s largest regional economy”.