MID-MICHIGAN (WNEM) – Gov. Gretchen Whitmer created an economic tie with Spain, boosting foreign investment for Michigan.
Whitmer stated she focused on the “Make It in Michigan” economic development strategy of investing in people, revitalizing places, and winning projects and expanded opportunities for collaboration with Spain’s industries and strengthening economic ties between the country and state.
During the visit, the Team Michigan delegation, including Michigan Economic Development Corporation CEO, hosted a business roundtable with Spanish industry leaders. Additionally, Team Michigan visited with Gestamp to further build relationships with the multinational company who recently announced their Michigan expansions in Mason, Lapeer, and Chelsea.
Gov. Whitmer Strengthens Economic Ties with Spain to Boost Foreign Investment and Job Creation in Michigan(Governor Gretchen Whitmer)
According to Whitmer’s office, the delegation met with senior government officials in Madrid and Catalonia to discuss new avenues for trade, investment, and mutual growth in key sectors critical to both Spain and Michigan’s economies.
Michigan and Spain have a mutually beneficial economic relationship, as Michigan is Spain’s fifth-largest trading partner in terms of U.S. states, and Spain is Michigan’s 11th-largest export market, Whitmer’s office said.
In 2023, Michigan exported more than $770 million worth of goods to Spain, and in the last 10 years, companies from Spain invested in eight foreign direct investment projects resulting in 926 jobs created and over $283 million in capital investment, according to Whitmer’s office.
Subscribe to the TV5 newsletter and receive the latest local news and weather straight to your email every day.
Copyright 2024 WNEM. All rights reserved.