International Trade Center
The objective of the center is to facilitate communication of business information and assistance between companies in Irving and the international community.
The Center complements and expands the Irving Sister Cities program to become more focused on international business development. The initial focus was directed toward Mexico, Texas’s number one trading partner and expanded to additional markets including Asia and Europe.
The Center established an International Trade Program designed to:
- Conduct trade missions from Irving as well as host visiting trade missions
- Target specific sectors or markets to facilitate matchmaking activities
- Conduct information and training seminars on doing business in foreign markets
The Center works in partnership with the U.S.-Mexico Chamber of Commerce (USMCOC) to leverage binational business networks through the USMCOC’s 18 chapters throughout the U.S. and Mexico.
Foreign dIRECT iNVESTMENT
The program works to attract Foreign Direct Investment (FDI) to Irving, as well as to support FDI from Irving to international markets. The EB-5 program was established in 2012 to attract foreign direct investment to Irving. This federal government program provides a low-cost finance option that can be used to complement the funding and development of corporate as well as private and public infrastructure projects in a specified community.
In essence, the program is an employment-based visa program that allows foreign investors the opportunity of residence in the U.S. when they invest at least $1 million ($0.5 million in targeted employment areas) in selected projects that meet development and employment creation criteria. Given the projects, the program provides an ideal strategy for a community to enhance its development and derive positive economic impact.