BNEDC represented at SelectUSA Summit

WASHINGTON D.C. – The Bloomington-Normal EDC (BNEDC) showcases the benefits of locating in McLean County to businesses around the globe.

As part of its mission to attract new business and development locally, BNEDC recently participated in the 2019 SelectUSA Summit at the Washington Hilton. BNEDC was part of Team Illinois, a collaboration of economic development officials coordinated by Intersect Illinois.

“As economic developers, we find great value in building relationships with on the regional and state level,” BNEDC Interim CEO Zach Dietmeier said. “We all benefit from sharing information and ideas.”

This year’s investment summit, held from June 10-12, connected international companies with U.S. economic development organizations to facilitate job-creating business investment in the United States.

“The SelectUSA Investment Summit provides us with the unique opportunity to connect with more than 1,000 potential investors and explain why Illinois is a premier business destination for growth and expansion in the U.S.,” said Intersect Illinois President and CEO Mark Peterson. “Together with economic development partners from throughout the state, we are meeting with international companies, making our pitch, and showcasing Illinois’ assets.”

Past SelectUSA participants have announced more than $103 billion in new investment across the United States. Illinois has announced more than $1.6 billion, creating or retaining more than 5,000 jobs over the past five years.

“Foreign direct investment is a big focus in the economic development world,” said Dietmeier. “When you bring new players to your community from outside the U.S., you aren’t just passing the same piece of pie around; you’re growing the pie and avoiding waste from poaching your neighbors.”

BNEDC participated with current investment and regional partners, including Ameren, Greater Peoria EDC, Illinois Department of Commerce and Economic Opportunity (DCEO), Illinois Realtors, and Land of Lincoln EDC.

McLean County is currently home to nearly 50 companies from 16 countries, employing nearly 2,000 jobs.

By: Zach Dietmeier

Published: June 20, 2019