New Foreign Investment Attaché in Maine

September 7, 2010     

The Maine International Trade Center (MITC) is pleased to announce the contracting of Annette Bossler as the state’s new Foreign Investment Attaché and Managing Director of the Invest in Maine initiative. Ms. Bossler brings over twenty years of professional experience in Asia, U.S. and Europe, fluency in German and Japanese, and experience working for the renewable energy sector in Maine, to this role.  As the Managing Director for Invest in Maine she will head the Foreign Investment Initiative for Maine’s Advanced Materials & Renewable Energy Industries.

 

The Invest in Maine initiative is designed to attract foreign direct investment (FDI) dollars to Maine by attracting capital infusions to growing Maine companies, and by increasing industrial capacity by encouraging development of new operations in Maine. This initiative is supported by Maine industry, universities, and government and is designed to connect Maine with key investment markets in Europe and Asia for Maine’s advanced materials and renewable energy industries.  The ultimate goal of this initiative is to create a self-sustaining global FDI presence for the State of Maine that can be utilized by all growing industries in Maine.

 

“This new project is the next evolution of the Trade Center’s mission of using international connections to grow the state’s economy,” says Janine Bisaillon-Cary, president of the Trade Center. “Following on the success of last year’s trade mission to Spain and Germany, which focused heavily on renewable energy and composites, several delegations of potential investors visited and met with companies and project developers. To us, this demonstrated a strong interest in exploring Maine as a North American location for European businesses – and bringing on Annette allows us to continue that momentum and be proactive in our approach.”

 

According to the Bureau of Economic Analysis, in 2007, there are approximately 100 foreign-owned companies in Maine. Maine affiliates of foreign entities own $6.25 billion of real and personal property, and employ 27,700 Maine people.   Top foreign investment countries include Canada, Germany, Switzerland, and the United Kingdom.

 

The Invest in Maine initiative is a project of the Maine International Trade Center, with financial support from the Maine Department of Economic & Community Development, the Maine Technology Institute, and the private sector. For more information, please contact Janine Bisaillon-Cary at jbcary@mitc.com or Wade Merritt at merritt@mitc.com.