Chattanooga Aims to Bolster Its Role in the Global Economy
Known for its southern charm and vibrant culture, Chattanooga now seeks to strengthen its position in the global economy. As part of a strategic initiative for economic growth, the city is looking to enhance its role in international trade, attract foreign investments, and foster a cosmopolitan outlook among its citizens.
Global Engagement Day
Mayor Tim Kelly, in his recent proclamation of “Global Engagement Day” , highlighted the role of foreign trade, investments and international relations in Chattanooga’s economic development. The initiative is part of the Department of State’s Assembly of Local Leaders’ inaugural program, which sees the city taking a more proactive stance on international engagement.
Benefits of International Engagement
According to Mayor Kelly, Chattanooga’s commitment to international engagement over the years has already reaped substantial economic dividends. Of the new business investments made in the region over the past five years, seven out of 10 are from enterprises headquartered outside of the United States, generating employment for more than 10,000 Chattanooga workers.
“Relationships matter, and ultimately that is all that diplomacy really is. Chattanooga has always been a very welcoming city, and we recognize the value of international trade and investments.” Mayor Kelly said at a recent interview.
Tennessee’s Global Economy
As for the whole state of Tennessee, it hosts over 1,000 foreign-based businesses, contributing to a whopping investment of more than $47 billion in capital and generating employment for over 161,900 Tennesseans. These figures underline the vital role of international business relations in the State’s economic development.
Special Representative for City and State Diplomacy
In 2022, the U.S. Department of State established its first special representative position for city and state diplomacy, underscoring the importance of local communities in the shaping of international relations. Appointed to this position, Nina Hachigian is on a mission to assist local communities in understanding their international needs and opportunities and how the State Department can be of assistance.
“There are a lot of advantages of serving your constituents through international action. You can bring in jobs; you can find solutions to common problems; you can bring back cultural opportunities; or get to know your diaspora population better,” Hachigian stated in a recent interview.
Moving Forward
Taking a proactive stance on international relations, Mayor Kelly is inviting his fellow citizens to embrace the global economy initiatives and foreign investments in Chattanooga. He is of the view that isolationism would be a significant setback for both foreign and economic policy.
In conclusion, Chattanooga is clearly gearing up for an active role on the global stage, with the local government showing commitment to boosting foreign investments and international relations for the city’s economic betterment.
