FDI Inbound Foreign Direct Investment (FDI) refers to an investment made by a company in one country into business interests located in another country. It allows companies to enter new markets and expand their global presence. Overall, FDI can be a powerful tool for economic development, fostering international cooperation, and enhancing global economic integration. Inbound…
In 2024, Greater Seattle’s total trade reached $114.46 billion, reflecting a 5.9% growth from the previous year. The region’s top trade commodities included electric machinery, industrial machinery, and vehicles. Despite a slight 0.8% shrinkage in exports, totaling $40.42 billion, imports surged by 9.9% to $74.05 billion. Aircraft and spacecraft were the leading export commodities, while…
The Greater Seattle region continues to thrive as a dynamic hub for innovation, attracting talent and investment from around the world. This annual economic report provides a comprehensive overview of the region’s economic performance, highlighting key trends and insights that shape our community. Greater Seattle’s unique blend of natural beauty, a thriving tech sector, and…
Greater Seattle Partners (GSP) is pleased to welcome VishwaGuru Infotech Pvt. Ltd., a fast-growing enterprise IT solutions provider from Pune, India, as the newest international investor in the Greater Seattle region through the SelectUSA Seattle Spinoff Program. With a planned investment of $10 million over the next 1 – 3 years, VishwaGuru Infotech will establish…
Every Fall, Washingtonians flock to celebrate the 1810 marriage of the Crown Prince of Bavaria (who later became King Louis I) to Princess Therese von Sachsen-Hildburghausen. Today we call it Oktoberfest, but 200 years ago the name hadn’t caught on yet. Whether it’s a weekend away in Leavenworth to embrace the gemütlichkeit spirit—a term that…
Greater Seattle Partners is pleased to announce the promotion of Dr. Victoria DePalma from Research Manager to Research Director. In her new role, Victoria will develop and lead GSP’s research strategy as the organization positions itself to be a leading and trusted resource for the region. Victoria joined GSP in March 2024 and was instrumental…
Greater Seattle continues to attract global innovation leaders, with Silicon Valley-based Plug and Play launching two new accelerator programs in the region. In partnership with SBI Holdings and SNBL, Plug and Play is establishing its first presence in Greater Seattle, further strengthening the area’s startup ecosystem. The expansion includes two new offices at the SNBL…
The region’s custom export training program provides expert-led assessments and one-on-one mentorship to help small businesses expand into global markets. Greater Seattle Partners (GSP) announces the launch of Cohort 3 of the Greater Seattle Export Accelerator (GSEA), the region’s customized export training program providing expert evaluations and tailored strategies. Fifteen innovative companies from King, Pierce,…
Marine Innovation, a South Korean material innovation company specializing in producing sustainable packaging solutions (to-go containers, industrial packing container), is expanding its operations to Greater Seattle as part of its U.S. growth strategy. The company is establishing its presence at K-Startup Center Seattle, located in the heart of one of the nation’s most sustainable and…
A Growing Indian Diaspora Enriching Greater Seattle Greater Seattle is a vibrant and diverse region, enriched by the significant presence and contributions of the international community. With a 47% increase in the immigrant population in Seattle between 2000-2020, the Indian diaspora has found a particularly strong presence in the region, contributing to its cultural richness,…
Greater Seattle Partners joined over 60 delegates from Washington State (the largest delegation ever!) at the Farnborough International Air Show July 22-26, 2024. Our team engaged in one-on-one meetings with 15 international aerospace companies, where we actively promoted the Greater Seattle region as a leading hub for aerospace, clean energy, and advanced manufacturing, with a…
Seattle, WA (August 6, 2024), APGREEN Inc., a South Korea-based startup specializing in sustainable solutions for clean hydrogen production, today announced its new U.S. office location in Seattle. This move marks a significant milestone in the company’s expansion into the American hydrogen market, underscoring its commitment to advancing eco-friendly hydrogen energy technologies. APGREEN Hydrogen solutions…