Investment Attraction: Learning from “Best Practice” Jurisdictions

We are grateful to our Attracting Global Mandate Project partners, Canadian Council of Chief Executives, Canadian Imperial Bank of Commerce, Industry Canada, IBM Canada and Ontario Ministry of Economic Development, Employment and Infrastructure for their support, and to the senior executives of the firms and governments who participated in the structured interviews. [...] senior ministers — and officials including access to skilled staff or ProMexico identifies priority from the federal, state and local to customized training programs sectors in which Mexico has the governments, universities and in partnership with local colleges potential to develop or enhance key colleges, and existing firms to and technical institutions — and to elements of comparative advantage. [...] draw from ProMexico include government across the United ProMexico’s use of financial the following: States to (a) provide a single point incentives appears to be quite • T he importance of high-profile, of contact for current and potential selective, strategic and rooted targeted and direct participation businesses looking to invest in in the logic of modern supply in FDI attraction by the highes. [...] 9 THE FUTURE OF CANADIAN MANUFACTURING The Canadian Status Quo versus Best Practices In order to develop a detailed both have websites that provide First, and most important, there “process map” and assessment of a growing range and depth of must be a clear, shared and strategic the current federal and provincial information to potential investors, approach to FDI attraction. [...] Developing and implementing investments they want to attract the provincial strategy, in to Ontario, the resources required The roles of all parties involved collaboration with the federal and to implement this strategy and a should be explicitly defined so as to local governments, including the critical path to achieving their goals.