"Beyond Our Borders," piece on the benefits of foreign investment in Maine, such

Source

Mainebiz

Date

1-10-2011

Pages

17

Abstract

"Beyond Our Borders," piece on the benefits of foreign investment in Maine, such as the recent purchase of Domtar's Woodland Mill by Hong Kong-based International Grand Investment Corp. Subsidiaries of foreign companies pay 32 percent higher wages than traditional U.S.-owned companies, often invest in manufacturing companies, and tend to be more export-oriented. Gov. John Baldacci, in cooperation with other entities, formed the new "Invest in Maine" initiative as a way to encourage investment from overseas and to aid Maine exports.

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