Select LA Summit 2023

On Thursday, April 28, 2023, Consul General Sone participated in the Select LA Investment Summit 2023 organized by the World Trade Center Los Angeles (WTCLA), and networked with senior officials from the California Governor's Office of Business and Economic Development (GO-Biz) and the Councilmembers of the City of Los Angeles. At the event, the Consulate General of Japan in Los Angeles, in cooperation with the Japanese Business Association of Southern California (JBA), set up a special booth to showcase examples of the initiatives of Japanese companies, whose activities together make Japan the largest investor in California.
At the summit, the annually updated report on Foreign Direct Investment in California was released, showing Japan still in the top slot as largest investor nation (8 consecutive years since the release of the first report). Japanese FDI creates an estimated 101,169 direct jobs in California statewide, with an estimated annual payroll of over $11 billion. In Southern California alone, Japanese investment creates an estimated 71,303 direct jobs, at an annual payroll of over $8.1 billion. The Consulate General of Japan in Los Angeles, in close cooperation with WTCLA, is also disseminating information on Japan's economic contributions to California.