Democratic Caucus of the Monroe County Legislature

Lightfoot Calls on State to Revitalize Foreign Direct Investment

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Rochester, New York – October 1, 2013.  Monroe County Legislator John Lightfoot (D-Rochester) has proposed a resolution that passed at last week’s New York State Association of Counties (NYSAC) meeting calling on New York State to more aggressively promote new business investment and job growth by encouraging Foreign Direct Investment (FDI) and Foreign companies to New York. 

“FDI peaked in the US in 2000, but has declined due to increased focus on national security.” Legislator Lightfoot said. “When foreign businesses have operations in the US, they employ local workers and generate activity in the local economy by bringing products closer to their customer base.”

The resolution focuses on the need for new business investment and job growth while recognizing that New York State is seen to be one of the most expensive states in which to do business.  NYSAC calls upon the Governor and Legislature to continue their strong commitment to enacting new economic development policies and strategies by increasing efforts to attract FDI and encouraging foreign companies to locate to New York.