A Review of Promising Exploration in Germany, France and Italy by Michael J. Graney of the Charleston Regional Development Alliance

The promotion of opportunities and incentives to open companies in the USA is also managed by specific agencies, some of which were created by the smallest states, and is aimed at all European companies, regardless of their size.
The economic policy choices that the American government is pursuing, with great financial and organizational commitment, have reached the point of involving small European companies, recognized as protagonists even if they are located in peripheral territories.
An example of this was an interesting initiative that recently concluded.
The Charleston Regional Development Alliance, acronym CRDA, is the South Carolina agency that promotes the development of economic activities in that region: it has sent its own manager to Europe to present partnership opportunities.
With the organizational support of a Franco-Italian service agency, he met with European companies, including two small biomedical companies from Emilia-Romagna.
The discussions covered the practical aspects of interest to these Italian companies, allowing the start of an important direct relationship.

From the biomedical district of Emilia-Romagna to one foot across the Atlantic?

Michael J. Graney, Vice President, Global Business Development of the CRDA, discussed concrete issues such as support for the procedures necessary to establish an office in Charleston, finding premises and selecting personnel. These and other services are provided by his agency which, being state-owned, has all the reliability requirements necessary to build stable partnerships.
From this experience we can draw two observations. The first is that evidently the public funds allocated for such targeted initiatives must be substantial. The second is that in Europe the CRDA has availed itself of the support of private entities and not of the designated public structures.
To better frame the initiative, it should finally be emphasized that Charleston is a small city in South Carolina, a state of 5,3 million inhabitants, whose economic fabric is made up of both small and medium-sized businesses and large industries. The growth trends are good, but evidently they want to increase them by attracting foreign investments.
It could be a good opportunity for those who want to enter the United States of America market.

The “life science” brochure from the Charleston Regional Development Alliance

“German manufacturing in worse conditions than Italian and French ones…”

On the sidelines of the meeting, it is interesting to note the impression that an external observer, Vice President Michael J. Graney, had regarding the economic situation he found during his European tour, also in relation to the United States.
In Europe, your surprise was to notice a lot of distrust and demotivation among economic operators and also

“to find German manufacturing in worse conditions than Italian and French ones. I did not expect that.”

Speaking instead of the United States he underlined

“the strong impact that the electoral campaign for the presidential elections is having on the domestic economy, in particular due to the strong uncertainties regarding future scenarios”.

Even for the manager from South Carolina, many particularly difficult months lie ahead for the Western economy, while wars and geopolitical crises rage in the world without, at the moment, any possibility of a solution in sight.
However, he returned home with a wish:

“Let’s try to help each other to hold on.”

The official promotional video “Charleston: A Vibrant Community” (in English)

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