#1COMMERCE / EDND DEVELOPER DAY OCEAN Beaufort Sea UNITED STATES E of Alska Foreign Direct Investment COO/Deputy Commissioner Shawn Kessel CANADA TED STATES#2COMMERCE MISSION We lead the efforts to attract, retain and expand wealth and talent in North Dakota.#3AGENDA Foreign Direct Investment (FDI) • What is FDI? Mission Types . NDTO Selection Rubrik Foreign Interest in North Dakota • Committee on Foreign Investment in the US (CFIUS) . Legislative Action SB 2371 NORTH Dakota Be Legendary. TAX O FOREIGN DIRECT INVESTI#4FOREIGN DIRECT INVESTMENT Definition An ownership stake in a foreign company or project made by an investor, company, or government from another country. Acquire a substantial stake in a business • • Outright purchase of a foreign business • Establish a new facility/project · • Horizontal FDI – A company establishes the same businesses in ND that they have in their home country - Vertical FDI - A company acquires a complementary business in another country (ex: manufacturer buys raw material supplier) Conglomerate FDI – A company invests in a foreign business that is unrelated to its core business (usually a joint venture)#5FOREIGN DIRECT INVESTMENT Mission Types 1. Investment FDI 2. Capital Secure financing for proposed projects in ND (response to ESG) 3. Workforce In-migration to ND to fill critical job openings NDTO - Trade Missions 1. Increase ND companies international exports 2. Commercial diplomacy WEEKLY SALES ACT Cccco#6TRADE - OUTGOING FDI - INCOMING NORTH Dakota Be Legendary.#7South Pacific Осеал BRITICI COLUMBA ALBERTA Canada MANITOBA SASKATCHEWAN WASHINGTON NA San F GREGON NEVADA $12.6tn Vega Los Angeles San Diego ARIZONA NEW MEXICO Collas TEXAS Huon ONTARIO QUEREC SOVEREIGN WEALTH FUNDS NEWFOUNDLAND AND LABRADOR Londres Ireland United Kingdom Londen Norway Sir Pest Demark Finland Bat Estonia Latvia Messen Lithuania ad Belarus Belgi Parta EU Ukraine Maidova France $4.5tn omania Ослама Manin T т MAINE OYA SOOe B MICHISE NI Bulgaria Georgia Caspian Se NEW YOU Илига NOIS CHIO Portugal Mad Spain Tynhenian Sex Istanbu Azerbaijan Greece Turkey INDIANA WESL KENTUCK ARKANSAS TENNESSEE MISSISSIPP VIRGINIA NORTH CARTULINA SCU A LOUSNA Hauren Mexico Mexico Chy Masoo Castel Honduras M SEARC FLORI Cuns Dominican Republic Parts Face Caribbean S Costa Rica Panama Venezuela Boocta Franch Guiana பொய La Colombia Sudrome Exuder * STATE OF AMAPA BOR STATE OF AMAZONAS STATE OF ACRE Peru Chile STATE OF PARA MAANAD STATE OF STATED CEARA STATLO Brazil STATE OF PIAC STATE OF RONDONIA Bolivia STATE OF WATO CROSSO STATE OF TUCANTINS STATE OF GRIA STATE OF BAHIA STATE OF GEMAIS Selvadar Latam $0.2tn STATE OF SAO PAULO ATE OF 510 Faun LUPLE OF CATARINA BIO GRANDE ECSUL Cordob Uruguay Sama Buenos Aires Argentina Belo Horizonte RICE SKEING Western Sahars Daia Senegal The Camb Gurea Biss Morocco M LEICH Algoria Libya Egypt hu Sultan Нурсултан Kazakhstan Uzbekistan Turkmenistan Byla Lab ghanistan Iraq ME Jordan Messe Saudi Arabi $5.0tn مناء Red Bea Mauritania Mali Niger Sudan Chad Eritrea Yemen Out of Adan Jstian S Burkina Di erin Nigeria Ethiopia Lan Calen Liburia Cameroon Central African Republic South Sudan Gall Gam Equatorial Quin Gabon Somalia Uganda Копус DRC Ruiends Burundi No robi yourKinshas Tanzania South Atlantie Осмел Angola Zambia Malawi Nam SSA $0.3tn Camp Town Kyrgyz Tajikistan Pakistan Kiew Di India Bengalu Worko Russia Global Track Funds AuM ($b) SWFs негрок PPFs 175 11,632 281 21.291 Asia $9.1tn SWFs+PPFs 456 32,923 Mongolia Nepal Sri Lanka Laceae Mozambique Zimbabwe Madagascar Indian Diceen Lo South Africa Duthen Bangladesh Bay of Bengal Myanmar (Burma) China Leas Thailand Bangkok Vietnam Aniline Cambodia Adam S Hach Luf of halant Malaysia slampur Singapore Cir Har Kona 38 Scum Tsite Taiwan North Korea See of Jason 서울 South Korea Japan East C Philippines C Philippine Sea mark Indonesia Jaszno Barda Papua New Guinea Aura Ba Tam Partin NORTHERN QUEENS AND ос a WETENS AUSTRALIA $1.2tn Adela de NEW SOUTH WALER C#8SELECTION RUBRIC Mission/Goals Industry Friendly Nation • • Investment Capital Workforce CFIUS SB 2371 Energy (All of the Above, CCUS) Technology (Agtech, biotech, etc.) • Manufacturing • UAS/VANTIS • Value-Add Agriculture GDP ⚫Per Capita GDP Market Research FDI Trend NORTH Dakota Be Legendary.#9FOREIGN INTEREST IN NORTH DAKOTA • • • CFIUS Committee on Foreign Investment in the United States Review foreign investments to determine if they pose national security risks Jurisdiction over acquisitions of and investments into US businesses CFIUS can impose mitigation measures with respect to the investment, block it, or force a post-closing divestiture. Resource • https://home.treasury.gov/policy-issues/international/the-committee-on-foreign-investment-in-the-united-states-cfius#10FOREIGN INTEREST IN NORTH DAKOTA SB 2371 15 CFR 7.4(a) As of 7/28/2023 (Code of Federal Regulations) ➤ China ➤ Cuba ➤ Iran ➤ North Korea ➤ Russia ➤ Venezuela ALASKA CANADA UNITED STATES GREENLAND ARCTIC OCEAN ATLANTIC OCEAN IRAN CUBA VENEZUELA PACIFIC OCEAN BRAZIL KAYAKHSTAN RUSSIA NORTH CHINA KOREA INDIAN OCEAN AUSTRALIA ATLANTIC OCEAN PACIFIC OCEAN#11NORTH Dakota Be Legendary.