NC Governor Promotes Economic Growth in Switzerland and Germany Visit

Governor Stein emphasized the importance of these relationships, highlighting the significant impact German and Swiss companies have had on North Carolina’s economy. “North Carolina’s partnerships with Switzerland and Germany are strong and steadfast, grounded in our shared democratic values,” said Governor Josh Stein. Over the last ten years, these ties have led to the creation of over 11,400 jobs and attracted nearly $5.2 billion in capital investments from more than 120 companies.

Commerce Secretary Lee Lilley underscored the state’s appeal to foreign investors, attributing it to a skilled workforce and a supportive business atmosphere. “North Carolina’s reputation as the Top State for Business is built on a skilled workforce, a business-friendly environment, and a commitment to helping companies succeed,” said Lee Lilley.

Christopher Chung, CEO of the Economic Development Partnership of North Carolina, noted the increasing international interest. “Companies from Germany and Switzerland have made significant investments in North Carolina in recent years,” he said, pointing out that over 400 companies from these nations operate in the state, employing 32,000 people.

Visit North Carolina’s executive director, Wit Tuttell, highlighted the broader economic impact of tourism. “Tourism is the front door of economic development,” said Tuttell. Visitors not only inject over $1.1 billion annually but also gain insights into the state’s potential as a business hub.

Melissa Smith, overseeing Business Recruitment & Development, stressed the value of in-person meetings with international executives. “Many of the projects that ultimately create jobs in North Carolina begin with conversations just like these,” said Smith.

In Switzerland, Governor Stein participated in discussions with Dr. Rahul Sahgal from the Swiss-American Chamber of Commerce, reinforcing the strong economic bonds. The state has seen substantial contributions from Swiss-based companies, with 3,800 jobs and $2.5 billion in investments announced over the past decade.

Recent projects, like the expansion of Novartis facilities in Research Triangle Park and Genentech’s Holly Springs plant, have emphasized these ties, projecting hundreds of new jobs and substantial investments.

While in Germany, Stein spoke at the German American Business Forum and participated in panel discussions to promote North Carolina’s stability and attractiveness for foreign investments. The state’s growing rapport with Germany has seen over 7,000 jobs and $2.6 billion in investments generated by German firms over the past ten years.

North Carolina’s business-friendly climate and strategic location on the East Coast have positioned it as a top destination for international investments, with leading investors from Japan, Germany, and other countries.

Governor Stein continues to champion North Carolina’s economic potential, having recently engaged with global leaders at international forums like the SelectUSA Investment Summit and the Paris Air Show, underscoring opportunities in sectors like aerospace and manufacturing.