Foreign Investments Europe NOM crosses the borders once more
The Investment and Development Agency for the Northern Netherlands (NOM) continues to hunt foreign companies in the future. Those big foreign fish stayed away during 2010, although foreign investors created nearly 700 jobs in the North last year. With a national total of 4,000 jobs that is not a bad performance, particularly as the NOM took a defensive position in 2010 to focus on retaining what was there.
For example, 600 jobs were saved at fiberglass manufacturer PPG in Hoogeveen, because market research enabled the NOM to prove that it made sense to keep the site of the American parent company open.
However, the NOM wants to focus on the foreign market again. These investors often produce high-grade and better-paid jobs. They also spend more on research and development. According to the NOM, 16% of jobs in the Netherlands comes from foreign companies.
The search for foreign investors is mainly focused on America and the growth market China.