It was a rich and moving experience returning to the U.K. for the World Economic Forum for Foreign Direct Investment hosted by Conway Data and Scottish Development International. I’ve worked with Conway and their editorial and advertising staff at Site Selection for more than 10 years, so it was fantastic to see several old friends in person.
Scotland has shaped the global economy with innovations such as the refrigerator, flushing toilets, tires, telephone and penicillin just to name a few. More recently, Scotland has given us the world’s first floating wind farm and the tidal energy array. Home to legendary authors such as Sir Arthur Conan Doyle, who’s books I read from cover to cover as a child from my father’s hardback collection, followed me through the old stone alleyways. I didn’t don a kilt, but there is even a Payne tartan.
Shortly after arrival, I participated in the Energy Tour that departed from Edinburgh and visited Dundee, St. Andrews and the Michelin Innovation Parc where we learned more about Scotland’s commitment to a clean and diversified energy portfolio. Between conference sessions, a welcome reception aboard the Royal Brittania, and the Gala Reception at the National Museum of Scotland, I engaged site selectors, companies, international investment promotion agencies, and others influencing the global conversation.
Seattle’s economic ties with Scotland and the U.K. run deep. Of the top 10 foreign-owned firms in Greater Seattle, the U.K. ranks #3 with 320+ privately owned companies; and 530 across Washington State. The U.K ranks #1 in total FDI projects across the state in the past 5 years with 15 new locates representing more than $450M in CapEx. It is also a strong trading partner ranking #6 with $1.82B worth of exports of Washington commodities, the majority of which come from Greater Seattle.
I look forward to welcoming old and new friends to Seattle soon!