International Creative Capital (ICC) accompanied Governor Dayton to Mexico on a trade mission. ICC, as a licensed investment firm, works with the Minnesota government to improve foreign investment in the state.
Minnesota Governor Dayton said the trade mission to Mexico was “the most productive trade mission I’ve been involved in.” ICC CEO and President Kevin Hanson was one of 44 business and political delegates to accompany Governor Dayton.
The trade delegation went to foster relations with Mexican nationals about investment in the state of Minnesota. Mexico is the second largest source of foreign investment in Minnesota, trailing only Canada.
“As Minnesota’s second-largest export market, Mexico is a very important trading partner for businesses and farmers throughout our state,” Governor Dayton said. “The goal of this trade mission will be to establish and build relationships that will help Minnesota companies and producers increase their exports to Mexico, and in doing so, create more jobs here at home.”
Five memorandums were signed for the trade mission:
- Women in Agriculture and Business
- Memorandum on Science and Technology between Minnesota and Mexico
- Exchange of grants between the University of Minnesota and students of Mexico
- Student exchange between the University of Minnesota and Mexico
- Joint research program with Minnesota and Mexican universities
The importance of the trade mission to Mexico was underscored by Katie Clark Sieben, the commissioner of the Minnesota Employment and Economic Development:
“Our exports to Mexico are up a whopping 255 percent over the past 10 years and our sales to Mexico accounted to 42 percent of Minnesota’s total exports between 2013 and 2014.”
Read more about this trade mission: