World Trade and Investment Network (WTIN). As we bridge the gap between investors and destinations for investments, the support we get from Investment Promotion Agencies is critical to our success. In this article we are sharing what IPAs are – from a US perspective. In a subsequent article we will cover other geographies.
Also included below are the names of the state level IPAs for all the states of USA. For your business and investment expansion into USA, the advisory team at World Trade and Investment Network can identify the suitable destination state for the success of your project. Write to us – info at worldtradeinvestment.net. Or reach us through our LinkedIn / Instagram channels.
An Investment Promotion Agency (IPA) in the USA is a government or quasi-government organization responsible for attracting and facilitating foreign direct investment (FDI) into the country. The primary objective of an IPA is to promote the nation as an attractive investment destination and to provide assistance and support to potential investors looking to establish or expand their businesses within its borders.
IPAs play a crucial role in boosting the country’s economic growth and development by attracting FDI, which brings in new capital, technology, expertise, and job opportunities. They work to showcase the country’s strengths, business-friendly environment, regulatory framework, and investment incentives to attract international investors.
These agencies act as a bridge between the government and the private sector, helping investors navigate the regulatory landscape, obtain necessary permits, licenses, and incentives, and access information on market opportunities. They often collaborate with various stakeholders, including industry associations, chambers of commerce, and other government departments, to create a conducive investment climate.
IPAs also engage in promotional activities, such as organizing investment forums, trade missions, and business matchmaking events, to connect potential investors with local businesses and investment opportunities. Their efforts focus on fostering a positive image of the country and building investor confidence, which ultimately contributes to economic growth, job creation, and technological advancement.
List of the state level Investment Promotion Agencies. For clarifications or updates, please contact the World Trade and Investment Network.
Here are the names of the investment promotion agencies for all 50 states in the United States:
- Alabama: Alabama Department of Commerce
- Alaska: Alaska Industrial Development and Export Authority (AIDEA)
- Arizona: Arizona Commerce Authority
- Arkansas: Arkansas Economic Development Commission (AEDC)
- California: Governor’s Office of Business and Economic Development (GO-Biz)
- Colorado: Colorado Office of Economic Development and International Trade (OEDIT)
- Connecticut: Connecticut Economic Resource Center (CERC)
- Delaware: Delaware Prosperity Partnership (DPP)
- Florida: Enterprise Florida, Inc.
- Georgia: Georgia Department of Economic Development (GDEcD)
- Hawaii: Department of Business, Economic Development & Tourism (DBEDT)
- Idaho: Idaho Department of Commerce
- Illinois: Illinois Department of Commerce and Economic Opportunity (DCEO)
- Indiana: Indiana Economic Development Corporation (IEDC)
- Iowa: Iowa Economic Development Authority (IEDA)
- Kansas: Kansas Department of Commerce
- Kentucky: Kentucky Cabinet for Economic Development
- Louisiana: Louisiana Economic Development (LED)
- Maine: Maine Department of Economic and Community Development (DECD)
- Maryland: Maryland Department of Commerce
- Massachusetts: Massachusetts Office of International Trade and Investment (MOITI)
- Michigan: Michigan Economic Development Corporation (MEDC)
- Minnesota: Minnesota Department of Employment and Economic Development (DEED)
- Mississippi: Mississippi Development Authority (MDA)
- Missouri: Missouri Department of Economic Development (DED)
- Montana: Montana Department of Commerce
- Nebraska: Nebraska Department of Economic Development (DED)
- Nevada: Governor’s Office of Economic Development (GOED)
- New Hampshire: New Hampshire Division of Economic Development
- New Jersey: New Jersey Economic Development Authority (NJEDA)
- New Mexico: New Mexico Economic Development Department (EDD)
- New York: Empire State Development (ESD)
- North Carolina: Economic Development Partnership of North Carolina (EDPNC)
- North Dakota: North Dakota Department of Commerce
- Ohio: JobsOhio
- Oklahoma: Oklahoma Department of Commerce
- Oregon: Business Oregon
- Pennsylvania: Pennsylvania Department of Community and Economic Development (DCED)
- Rhode Island: Rhode Island Commerce Corporation
- South Carolina: South Carolina Department of Commerce
- South Dakota: South Dakota Governor’s Office of Economic Development (GOED)
- Tennessee: Tennessee Department of Economic and Community Development (TNECD)
- Texas: Texas Economic Development Corporation (TxEDC)
- Utah: Utah Governor’s Office of Economic Development (GOED)
- Vermont: Vermont Agency of Commerce and Community Development (ACCD)
- Virginia: Virginia Economic Development Partnership (VEDP)
- Washington: Washington State Department of Commerce
- West Virginia: West Virginia Development Office
- Wisconsin: Wisconsin Economic Development Corporation (WEDC)
- Wyoming: Wyoming Business Council
This article is posted on WorldTradeInvestment.net – the World Trade and Investment Network – your gateway to business opportunities around the world.