To kick off the second leg of his Asian economic development mission, Governor Larry Hogan today met with leaders of Keidanren, the Japan Business Federation, including Hayakawa Shigeru, Co-Chair of Keidanren’s American Affairs Committee and Vice Chairman from the administration board. of Toyota Motor Corporation. The governor also touted Maryland’s business-friendly environment at a joint reception hosted by the State of Maryland and Keidanren.
“We will spend the next few days meeting with business leaders and government officials and announcing new opportunities for cultural and economic exchanges, and we are honored to begin these efforts with Keidanren, which represents nearly 1,500 Japanese companies. , more than 100 national industry associations, and regional economic organizations for all 47 prefectures,” Governor Hogan said.
“Maryland is truly open for business, and we look forward to working with Keidanren to forge even closer ties between our two regions and between our two business communities.”
Governor Hogan highlighted Maryland’s innovative Global Gateway Initiative, which helps attract international companies and ease their transition to the US market. Earlier this month, the Governor announced that applications for the program are available through October 31, 2022 to provide incentives to eligible businesses.
Keidanren has 1,494 representative Japanese enterprises, 108 national industry associations, and the regional economic organizations of Japan’s 47 prefectures.
Japan is one of Maryland’s top five target markets for attracting investment. Japanese manufacturing companies provide more than 5,000 jobs in Maryland, and major Japanese companies operating in the state include A&G Pharmaceuticals, Honda, Toyota, Fuji, and Mitsubishi Heavy Industries. More recently, Hitachi Rail, a global rail solutions provider, announced that it would establish its new railcar manufacturing operations in Washington County as part of a major expansion into the United States.
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