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Kirkland News Room

Regional Economic Development Partners Lead Effort to Recruit Foreign Direct Investment

Innovation Triangle working together to create business opportunities in Bellevue, Kirkland and Redmond

Contact: Ellen Miller-Wolfe
City Manager’s Office
emwolfe@kirklandwa.gov
425-587-3014

KIRKLAND, Wash. – Representatives of the Innovation Triangle, a collaboration between the cities of Bellevue, Kirkland and Redmond, and the Economic Development Council of Seattle & King County (EDC) exhibited at the recent 2017 SelectUSA Summit in Washington, DC. The Summit brings together economic development professionals from across the United States and foreign companies interested in investing in U.S. businesses or having a presence in this country. As in 2016, Innovation Triangle representatives returned with over a dozen companies interested in pursuing a US location on the Eastside within the Innovation Triangle.

“Our experience mirrored our results from 2016,” said Bart Phillips, CEO at OneRedmond. “There was tremendous interest in the region from foreign delegates. We prescheduled 26 meetings over the three days and had an equal number of impromptu but serious discussions at the booth. This level of activity was largely the result of excellent work by Duncan Milloy of the City of Kirkland and Heather Engelbrecht of the EDC leading up to the conference.”

SelectUSA is an annual trade show sponsored by the US Department of Commerce to market the US as a location for foreign direct investment (FDI). Over 2,800 delegates from around the world attended this year’s show.

The Innovation Triangle seeks to promote the Eastside as the ideal location for technology investments. Of the foreign firms expressing interest in the Innovation Triangle, most were technology firms in the software, gaming, virtual reality and hardware sectors.

“The primary interest of many foreign companies was establishing a business development office,” said Ellen Miller-Wolfe, Economic Development Manager at the City of Kirkland. “They would then look to build a larger US presence as they proved the market for their products and services.

The Port of Seattle provides funding support for the Innovation Triangle partners to attend and exhibit at SelectUSA and other promotional events and activities.

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