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Media Release: Strengthening Local Relationships In Germany

ImageCANADA’S TECHNOLOGY TRIANGLE REPRESENTING WATERLOO REGION EMBARK ON INNOVATIVE RETENTION & EXPANSION PROGRAM IN GERMANY

June 12, 2012 – Kitchener, ON – The first leg of Canada’s Technology Triangle’s (CTT) Foreign Multi National (FMN) “Aftercare & Follow-Up” program kicks off this week in Germany.  Mayor Carl Zehr and CEO, John Jung, along with other Regional Economic Development stakeholders have teamed up to visit approximately 15 German companies with operations in the Waterloo Region.

The group brings a diverse knowledge of the Region as well as extensive experience understanding the unique issues that Foreign Multi Nationals may experience and that could hinder them from thriving and growing in the Region.  By nurturing these foreign businesses who have established roots in the region, the group hopes to reacquaint them with municipal and regional economic development staff, identify barriers to additional local expansion and to identify opportunities for R & D, supply chain engagement and local business opportunities or connections.

Through extensive research, CTT identified over 240 foreign companies having operations in the Region, and then in conjunction with municipal partners developed a short list of 50 FMN companies who could most benefit from the program via a corporate visitation in 2012.

“By already having chosen to locate their investments in Waterloo Region, these organizations have demonstrated their faith that this region is a top destination to do business, and we want to make certain that they have access to all the resources, information and support needed to ensure they succeed and grow in the Region.  It’s all about retaining and growing the foreign businesses that extensive effort has gone into bringing here.” remarks John G. Jung, CEO, CTT.

The companies to be visited are as diverse as the Region itself—integrated financial services, advanced manufacturing, luxury consumer goods, innovative building solutions and green technology producers

To obtain additional information about the mission or the “AfterCare Program” contact John G. Jung, CEO, CTT at john@techtriangle.com.

MEDIA CONTACT:

Janet Grondin | janet@techtriangle.com |  519.747.2541 Ext 300

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