TRAVERSE CITY, Mich. — An organization representing the eight states and two Canadian provinces that surround the Great Lakes announced a partnership Friday with former U.S. Treasury Secretary Henry Paulson to recruit foreign manufacturing investment to the region.
The Council of Great Lakes Governors and The Paulson Institute, based at the University of Chicago, will try to capitalize on the growing interest of China and other emerging economies in making “direct investments” in advanced nations. Such investments — which often involve buying or expanding plants and other assets — have greater potential to create jobs than bond holdings bought or sold through paper transactions, Paulson said. Continue reading “Partnership to push Chinese investments in Great Lake”

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