World Trade Center Los Angeles (WTCLA), a subsidiary of Los Angeles Economic Development Corporation (LAEDC), held an annual Select LA Investment Summit on June 22 and 23 at Downtown Grand Sheraton for the purpose of attracting Foreign Direct Investment to Los Angeles Region. More than 400 people from 53 countries attended the Summit this year and the speaker of the event included Akira Muto, Consulate General of Japan Los Angeles, Alex Padilla, United States senator, and Eric Garcetti, Mayor of Los Angeles.
WTCLA’s Foreign Direct Investment in California, 2022 report (the FDI report), published by LA Business Journal, was distributed to the attendees during the Summit. According to the FDI report, Japan is the foremost investor in California, with 3,523 firms creating 105,053 jobs earning nearly $11 billion in salaries. It is followed by the UK and France.
Foreign Direct Investment Report in California 2022
Bill Allen, President and CEO of LAEDC, and JBA Business and Commerce Committee Members
