THOMAS C.

LEPPERT
MAYOR

MAYOR’S ASIA TRADE MISSION
Delegation Returning to Dallas
For Immediate Release: November 22, 2009 Contact: Chris Heinbaugh 214.670-0773

Mayor Tom Leppert’s business development and trade mission to Asia is holding final meetings with investors before returning to Dallas Sunday night. “This has been a very positive trip,” said Mayor Leppert. “The response we’ve gotten on so many levels has us all feeling very encouraged that this will translate into economic investment and more jobs in Dallas – sooner rather than later.” On Saturday, Mayor Leppert, Councilmember Ron Natinsky and the delegation toured a plant on the perimeter of Shanghai which makes semiconductors and LED lighting equipment, fixtures and bulbs for residential and commercial use. Mayor Leppert and Councilmember Natinsky are encouraging the company to locate an LED manufacturing facility in Dallas. The delegation also held a two-hour meeting in Shanghai with about 60 potential investors to promote the city’s new economic development tool, the City of Dallas Regional Center, or CDRC. The CDRC allows high worth foreigners to get a US investor green card if they invest a million dollars and create at least 10 jobs. The delegation is working to match investors with qualified economic development projects in Dallas. The delegation also met with another dozen potential CDRC investors in Nanjing on Friday. Also on Friday, the delegation met with Mayor Ji Jianye of Nanjing. Mayor Leppert and Mayor Ji signed a Friendship Agreement between Nanjing and Dallas. In China, these agreements carry significance in trade and businesses deals. During the meeting, Mayor Leppert presented Mayor Ji with a Dallas Mavericks jersey, which has proven to be a popular gift with Chinese officials. Following the formal signing ceremony Mayor Ji hosted the delegation to a formal luncheon. Earlier in the day, the delegation visited the Museum of Urban Development and Planning in Nanjing, where they were shown a giant scale model of the city. The delegation later toured the 600 year old wall of Nanjing. Mayor Leppert and Councilmember Ron Natinsky have been pleased with the positive response to this visit, and especially the response to the CDRC. “This trip has been extensively covered by the local press in both South Korea and China and has gone a long way towards changing attitudes about Dallas - and in a positive way,” said Councilmember Ron Natinsky, chair of the Council’s Economic Development Committee. “And now with our CDRC, we can translate that interest into investment.”
OFFICE OF THE MAYOR CITY HALL DALLAS, TEXAS 75201 TELEPHONE 214/670-4054 FAX214/670-0646

While other US cities offer similar programs, they are usually focused on just one single project and are not actively promoted by the government. Dallas is taking a very different approach by finding and recruiting a wide range of projects and then working to match those projects with foreign investors. “Clearly, we have seen very strong interest from potential investors in China and South Korea,” said Mayor Leppert. “We expect as these investments are made, and investors are successful in getting both good returns and a US investor visa, we will see a sharp rise in foreign investment and job creation in Dallas.” The delegation visited both South Korea and China during its week-long business development mission. In addition to holding CDRC presentations for potential investors, the Dallas group also met with several hi-tech and green energy related firms about establishing operations in Dallas. The delegation returns to Dallas Sunday night. ###

OFFICE OF THE MAYOR

CITY HALL

DALLAS, TEXAS 75201

TELEPHONE 214/670-4054

FAX214/670-0646