[Presentation of Case Studies on Entering the U.S. Market] Learn from Successful Companies! What are the Benefits of Choosing the U.S.?
[Case Studies for 2023-2024 Available] There are reasons for the success of overseas investment expansion. Gain initial insights into successful expansion from case studies of companies that have ventured abroad.
As companies globalize, many are considering local production in North America as one of the options they must explore in the near future. However, even when it comes to the United States, some companies may be struggling to determine the criteria for choosing a location, which can hinder their overseas expansion. To provide insights into solving such challenges, we have compiled easy-to-understand examples of companies that have announced their entry or expansion within the last year and a half. We will introduce why West Virginia was chosen as a manufacturing base, not only from Japan but also from Europe, Asia, and within the United States, including reasons for expansion or growth, investment scale, and number of employees. *For more details, please refer to the PDF document or feel free to contact us.*
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The West Virginia Government Office in Japan is an overseas office of the International Division of the West Virginia Department of Economic Development. West Virginia is located in the eastern United States, surrounded by five states, including major cities like Washington D.C. and Pittsburgh, and is known for its strong manufacturing sector. The main characteristics of West Virginia are as follows: - Low industrial electricity and gas rates (due to coal, natural gas, and shale gas-fired power generation, as well as having one of the largest wind farms in the East and being home to the Appalachian Hydrogen Hub in Morgantown). - One of the largest wind farms in the eastern United States, advantageous for the use of green energy. - Excellent access to the large market in the eastern United States and a logistics hub. - High retention rates (ranked first in the nation for low manufacturing turnover rates according to the U.S. Department of Labor's Bureau of Labor Statistics). - Resilience to natural disasters (the terrain, which is largely covered by the gently sloping Appalachian Mountains, has solid bedrock, making it less susceptible to earthquakes, hurricanes, and tornadoes). Particularly active industries include chemicals, automotive parts, aerospace and defense, steel, metal processing, building materials, and IT, with recent growth in the EV and battery industries.