Greater Sacramento Economic Council Launches Global Strategy and Partnership with Sacramento International Airport
GSEC Plans International Travel with Key Sacramento Region Delegation Leaders to Germany and South Korea
SACRAMENTO, CA—The Greater Sacramento Economic Council (GSEC) and the Sacramento International Airport are excited to announce the launch of Globalizing Greater Sacramento, its groundbreaking international foreign direct investment (FDI) strategy in collaboration with the Sacramento International Airport (SMF). This strategic partnership marks a significant milestone in expanding international business opportunities and enhancing direct air services to the Greater Sacramento region.
As part of this initiative, GSEC will embark on international missions to Germany next February and South Korea in the summer of 2024. These missions aim to foster discussions and collaborations that will bring international businesses to the Greater Sacramento region and further develop direct air service connections. GSEC and SMF will formally partner to launch an Air Service Alliance with representatives from business, the visitation/tourism sector, major institutions, bilateral/bicultural chambers and community-based organizations to send the message to global airlines that our region is ready for more flights.
Immediate objectives include securing a direct flight to Europe, building better one-stop Atlantic connectivity through East Coast hubs and begin laying the groundwork for a direct flight across the Pacific.
“Our Global FDI Strategy represents a pivotal step in positioning the Greater Sacramento region as a prime destination for international businesses,” GSEC President & CEO Barry Broome said. “Almost 50% of our business development activity is international companies and we want to continue the momentum. We are committed to fostering economic growth, strengthening partnerships and creating opportunities that will benefit both our local community and global partners.”
Furthermore, leaders at Sacramento International Airport are equally enthusiastic about this partnership. “We are thrilled to work closely with the Greater Sacramento Economic Council to advance international air service,” Sacramento County Director of Airports Cindy Nichol said. “This collaboration aligns with our commitment to providing world-class connectivity for passengers and businesses in our region.”
Bosch recently located their semiconductor North American facility to the Greater Sacramento region, specializing in silicon carbide chips. With this historic billion-dollar investment it is important to travel to Germany now to develop key partnerships, especially to support their expanding supply chain.
Last fall, Solidigm, a U.S.-based subsidiary of global semiconductor company SK hynix, Inc. out of South Korea announced the largest high-wage jobs project in Greater Sacramento’s history.
Solidigm chose the City of Rancho Cordova for its global headquarters and research and development (R&D) campus with more than $100 million investment in the facility. This is the largest semiconductor industry R&D project Greater Sacramento has seen over the last decade.
GSEC’s partnership with Sacramento International Airport, combined with the support of industry leaders like Bosch and Solidigm, will undoubtedly accelerate the region’s economic development and solidify its position on the global stage.
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Greater Sacramento Economic Council
About the Greater Sacramento Economic Council
The Greater Sacramento Economic Council is the catalyst for innovative growth strategies in the Capital Region of California. The organization spearheads community-led direction to retain, attract, grow and scale tradable sectors, develop advanced industries and create jobs and investment throughout a six-county region. Greater Sacramento represents a collaboration between local and state governments, market leaders, influencers and stakeholders, with the sole mission of driving inclusive economic growth. The Greater Sacramento region was founded on discovery, built on leadership and fueled by innovation.
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