News briefs document where in the world remittances are headed; a MIPIM award winner; pan-African investment; London’s financial services downturn; where global talent is going; the rise of renewables; and some sharp words about Brexit from the Airbus CEO.
Ripple, a U.S.-based technology company, announced plans to open an office in Brazil, with ambitions for further expansion in Latin America. The company plans to give more details about the project at the fintech and banking conference CIAB Febraban in São Paulo in mid-June. The funding for the project has been implemented by three Brazil-based companies — Santander Brazil, BeeTech Global and Banco Rendimento. Ripple plans collaboration with Brazilian universities to organize educational and training programs as a labor attraction mechanism into blockchain.
PepsiCo has opened a warehouse and office space in Mszczonów, Poland, southwest of Warsaw. The 624,000-sq.-ft. space will be the company’s largest warehousing center in the country and serve as the company’s primary warehouse in Poland. The new warehouse provides convenient access to three of the company’s other factories in Poland.
The 2019 World Forum for Foreign Direct Investment is under way in Sydney, Australia. Kicking off the week of learning and networking was the FDI Training Seminar conducted by Conway, Inc. Here, seminar attendees react as Conway President Adam Jones-Kelley speaks about best practices in investment attraction.
SITE SELECTION RECOMMENDS
Get it while you can. The Council for Community and Economic Research (C2ER) is making all presentation materials from its recent annual conference in St. Louis fully available to the public until the end of July. Check out Moody’s on FDI; multiple experts on immigrants filling the skills gap; state scorecard initiatives; calculating ROI from apprenticeships; measuring the gig economy; integrating multiple economies within a region; and updates on U.S. Census data.
PHOTO OF THE DAY
Conway Advisory Consultant Olivia Vener recently made this photo of Marblehead Harbor in Massachusetts. Founded in 1629, Marblehead, a town of just under 20,000 located 18 miles north of Boston, was once called by a British royal agent “the Greatest Towne for Fishing in New England,” but is now known as a yachting capital. The biennial Marblehead-to-Halifax Ocean Race sponsored by The Boston Yacht Club and the Royal Nova Scotia Yacht Squadron is believed to be the longest-running offshore ocean race in the world — approximately 360 nautical miles northeast across the Gulf of Maine and through the strong tidal currents at the entrance to the Bay of Fundy. This year’s race kicks off on July 7.
