Invest in America Week Highlights Two Nevada Foreign Direct Investment Companies

CARSON CITY, Nev., May 2 /PRNewswire/ -- United States Department of Commerce, Nevada Congressional delegates, state officials and foreign dignitaries will participate in Invest in America events on Monday, May 5, 2008, in Las Vegas and Carson City. Nevada is one of 17 states nationwide to hold Invest in America Week activities.

According to the United States Department of Commerce, the U.S. is the world's largest recipient of foreign direct investment (FDI). In 2007 alone, the U.S. received $199 billion through FDI.

In the U.S., more than five million Americans work for companies headquartered overseas.

  FDI impacts the U.S. economy in a variety of ways.

  --  It creates new jobs
  --  It boosts wages
  --  It increases U.S. exports
  --  It strengthens U.S. manufacturing and services
  --  It brings in new research, technology and skills
  --  It contributes to rising U.S. productivity


                                In Nevada

  According to the Nevada Commission on Economic Development:

  --  Investment in property, plant and equipment by foreign companies tops
      $7.23 billion.
  --  FDI supports more than 30,000 jobs for Nevadans in the Silver State.
  --  At last official count, 7,300 of those jobs for Nevadans are in
      manufacturing.
  --  Japan has the highest number of individual foreign-owned companies in
      Nevada.
  --  Other countries providing jobs for Nevadans through their facilities
      here are; Canada, the United Kingdom and France.
  --  Australia and the Netherlands also provide jobs for Nevadans through
      their operations in our state.


                 Southern Nevada Invest in America Event

JCM Global Corporation, 925 Pilot Rd, Las Vegas will host the morning Invest in America event in Las Vegas Monday, May 5 with U.S. Department of Commerce, representatives of the Nevada Congressional delegation, Nevada state dignitaries and the Consul General of Japan, Yasumasa Nagamine (pronounced Yaw-sue-maw-saw Naw-gaw-mee-nay) starting at 9 a.m. A 9:15 a.m. facility tour will be followed by official remarks beginning at 9:45 a.m.

JCM Global is a worldwide leader and a trusted name in currency management. From the cash machine market to casino gaming to vending, their products deliver critical solutions to their customers.

JCM Global has invested more than $60 million in Nevada. The company has more than 110 full time Nevada employees with an annual payroll of more than $7 million.

  (Logo: http://www.newscom.com/cgi-bin/prnh/20071112/LAM098LOGO)

                 Northern Nevada Invest In America Event

Taiyo (pronounced Tie-yo) America, 2675 Antler Drive in Carson City will be the site of the afternoon event and will host a U.S. Department of Commerce representative, representatives of the Nevada Congressional Delegation and Nevada state officials.

Taiyo America, a Japanese owned manufacturer of coatings for circuit boards based in Carson City, has invested more than $4 million in Nevada. It has 41 Nevada employees with an annual payroll of $3.3 million.

The Northern Nevada event will begin at 3 p.m. with a meeting with the facility manager and company representatives. A tour of the facility will follow at 3:15 p.m. with official remarks scheduled to begin at 3:45 p.m.

The Public Is Invited

The events in both Carson City and Las Vegas are free and open to the public, but reservations are required. Space is limited at each venue. Call the Nevada Commission on Economic Development at 775-687-4325 to reserve your ticket.

About NCED

The Nevada Commission on Economic Development is the state agency, which provides services, support and assistance to communities to help them diversify and develop their economies so they remain viable. NCED is also responsible for the state film office, the office of protocol, the Procurement Outreach Program, the Made in Nevada program, the Nevada Economic Development Fund and community development block grants. For more information on the NCED visit http://www.expand2nevada.com/ or call 775-687-4325.

CONTACT: Carol Infranca, +1-775-849-0112, carol@carolinfranca.com, for Nevada Commission on Economic Development

Web site: http://www.expand2nevada.com/

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