Governor Heineman has announced that two Chinese companies and one South Korean company have decided to invest in Nebraska, with a South African company stating its intent to locate in the state.
“As a result of our second Reverse Trade Mission, we have a growing number of international companies who are interested in doing business in Nebraska,” Heineman stated during a news conference in the Cornhusker Marriott Hotel in Lincoln.
The state hosted 117 executives from businesses located in 15 countries the past four days, during the state’s Second Reverse Trade Mission, in which the state invites representatives of foreign companies to come to the state. Nebraska held its first Reverse Trade Mission in 2008.
Global Choice International plans to expand its current operations in Omaha. The energy products company currently has a sales operation based in the city. Plans call for adding a warehouse and distribution center. EM Gear of South Korea has announced that it will locate its U.S. headquarters in Omaha and will manufacture gears and gear box reducers there.
A surprise came during the trade mission when SFT America Limited began discussions about locating its U.S. headquarters in Nebraska. The company had been considering locating in Los Angeles, but after a dinner this week, executives with the company began talking about moving to Nebraska. State officials secured the services of local attorneys who helped with the paperwork necessary to incorporate in the state. SFT, one of the largest lighting manufacturers in China, plans to produce LED road and outdoor lighting, office and industrial lighting.
In addition, South African company Benchmark Timetable signed a memorandum of understanding, formalizing its intent to establish an American presence in Nebraska. Benchmark is an information technology company that specializes in education master scheduling.
State Economic Development Director Richard Baier says investment and employment might be low at first, but promises much more in the future.
In addition to seeking investing in the state, the Reverse Trade Mission seeks to expand trade with companies in other countries.