Latest

Looking for more information about foreign direct investment, international companies and U.S. competitiveness? Well, we’ve got you covered. Here you can find press releases, letters to policymakers, factsheets and insights on specific topics, as well as company announcements and industry perspectives.

Siemens to Buy Stake in Electrify America, Volkswagen’s Electric Vehicle Charging Business

Siemens Gamesa will purchase a minority stake in the company. The deal will expand Siemens EV charging operations, helping the company achieve its goal of making one million EV chargers in the next four years. The deal's funding will double Electrify America’s EV charging stations in North America by 2026.

BAE Systems and Virginia Tech Research Project Secures $14 Million Contract

The $14 million contract awarded from the Intelligence Advance Research Projects Activity will go toward tool development for communication security, guarding against vulnerabilities and threats.

Ipsen To Acquire Oncology Drugmaker Epizyme in $245 Million Deal

The French biopharmaceutical company will acquire Epizyme for its chemotherapy-free cancer drug, Tazverik.

Siemens Invests $54 Million in Three U.S. Manufacturing Facilities, Creating 300 Jobs

Ten million dollars will go towards expanding and reducing the carbon footprint of Siemen's electrical infrastructure hub in Grand Prairie, Texas. More than $40 million will go toward replacing a legacy facility in Pomona, California, with a new greenfield manufacturing site for electrical infrastructure and make-ready EV charging equipment. The two projects will create at least 300 new jobs.

Nissan and Others Team Up for Innovative Second-Life Battery Storage Project

The project is a collaborative effort by Nissan, Middle Tennessee Electric, the University of Tennessee-Oak Ridge Innovation Institute, Tennessee State University and Seven States Power Corporation. As automakers rapidly transition to electric vehicles, the project aims to repurpose used Nissan EV batteries, turning them into Battery Energy Storage Systems (BESS) that will support Nissan facilities with additional power.

Novartis Promises $17.7 Million to Historically Black Medical Schools

The donation seeks to address systemic health disparities in the Black Community. Howard University College of Medicine, Meharry Medical College and Charles R. Drew University of Medicine and Science will receive funds to create Clinical Trial Centers of Excellence. The $17.7 million commitment follows a $33.7 million pledge from Novartis in 2021, growing the company's total pledge to over $50 million.

RWE Renewables' Largest U.S. Solar Project Begins Operation

RWE's Hickory Park Solar project facility in Mitchell County, Georgia, has started operation. The 195.5-megawatt facility is RWE's largest solar project in the U.S.

BAE Systems Wins $12 Billion DOD Contract for Intercontinental Ballistic Missile Systems

BAE will complete most of its work at Hill Air Force Base in Utah before the end of 2040.

Bridgestone Donates $450,000 to Boys & Girls Club of America

A two-week fundraising effort from Bridgestone and Tight End University raised a combined $681,000 for the Boys and Girls Club of America. The money will be used for critical needs such as transportation and technology resources.

Kerry's $125 Million Facility Expansion Wins Food Engineering's Sustainable Plant of the Year Award

The Breadcrumbs and Coatings Facility in Rome, Georgia, won the award for implementing several energy and resource conservation initiatives in its expansion.

Ferguson Enterprises LLC. to Build Fairywood Warehouse

Ferguson Enterprises LLC. will build a 150,000-square-foot distribution facility to function as the company's main branch and shipping hub in the area. The new warehouse will create 50 jobs immediately and an additional 35-50 jobs in the following five years. Construction will begin in November 2022.

T-Mobile's Hometown Grant Project Donates $25 Million to Small Towns Across the U.S.

T-Mobile will donate to 25 small towns around the U.S. The Hometown Grant Project is a five-year initiative that will donate $25 million to fund community projects and support economic development in small towns in America.

Johnson Controls to Open $5.5 Million Weslaco Warehouse, Creating 100 New Jobs

The new warehouse and light-production facility will create 100 jobs and operate as a distribution center for security camera systems, fire detectors, alarm panels, controls and thermostats.

Schneider Electric Acquires Electric Vehicle Charging Solutions Company, EV Connect Inc.

EV Connect Inc. will function as a distinct subsidiary of Schneider Electric. The acquisition will strengthen Schneider Electric's presence in the electric vehicle market.

Volkswagen Completes $800 Million Expansion to Chattanooga Plant, Creates 1,000 Jobs

The expansion includes a new battery pack assembly facility that is key to Volkswagen's EV production capacity. The plant will hire 1,000 new employees before the end of the year.

Panasonic Energy North America Building, Home to New TMCC Workforce Development Program Training Center

The Nevada Governor's Office of Economic Development Board approved $1.6 million for a workforce development program through the Truckee Meadows Community College. The program will create 400 new jobs paying up to $32 an hour. The training center will help participants improve manufacturing, production, automation and robotic skills.

Volvo Begins Construction on Mahwah Electric Vehicle Training Center

The Volvo Car Americas Technical and Training Center will house a multivehicle workshop and classrooms to provide EV training for service technicians. The training center is scheduled to open in March 2023.

Avangrid Wind Turbines Help Power San Diego County

Nearly 60 wind turbines powered by Avangrid Renewables are helping clean up San Diego County's electric grid by reducing its carbon footprint. The turbines are capable of powering up to 2,000 homes.

New Name — Same Mission

After 30 years, the Organization for International Investment (OFII) is now the Global Business Alliance. We remain dedicated to promoting and defending a fair economy that welcomes international companies to invest in America.

When America is open for business, we all benefit.

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