Wednesday, March 06, 2002
International Agreement to Foster Reciprocity and Economic Growth
The Michigan Economic Development Corporation (MEDC) announced the signing of an international corporate partnership agreement with the Kyonggi Province Development Council of the Republic of Korea.
The signing of the corporate partnership agreement makes the Kyonggi Province Development Council the first MEDC international partner. Kyonggi Province is the 30th MEDC corporate partner.
“The Kyonggi Province and Michigan are similar in economic base and population,” said Doug Rothwell, president and CEO of the Michigan Economic Development Corporation. “By entering into this agreement, we can capitalize on our similarities and share valuable information to promote economic development activities that are beneficial to both regions.”
A delegation of Korean officials gathered for the signing ceremony and reception that took place on March 4 at the Hyatt Regency in Dearborn. Congressman Byung Yoon Park, member of the National Assembly of the Republic of Korea, signed the agreement on behalf of the Kyonggi Province Economic Development Council.
The MEDC’s corporate partners play a critical role in Michigan’s economic development by strengthening relationships, encouraging private and public sector investment and establishing open lines of communication to share information about significant activities that affect economic development.
The Michigan Economic Development Corporation, a partnership between the state and local communities, promotes smart economic growth by developing strategies and providing services to create and retain good jobs and a high quality of life.