Investor relations focus of successful mission to Europe

Posted on Friday November 24, 2023

Mayors’ delegation explores thriving international business partnerships

Cambridge, Ontario. (November 24, 2023) – Last week, Mayor of Cambridge, Jan Liggett along with City Manager David Calder, and Waterloo EDC President & CEO Tony LaMantia as part of a delegation of regional mayors and chair, led a successful five-day mission to Germany, Switzerland and France with a mandate of encouraging new investments, fostering international ties and strengthening economic partnerships.

The visit aimed to showcase the vibrant business landscape in Cambridge and the Waterloo Region, with Mayor Liggett’s visits focused on key companies that have strategically chosen Cambridge as a base for their North American operations and have made significant investments in our community, including Beckhoff Automation, Bessey Tools, Bock, Septodont, OVH Cloud and Desch. The mission also included meetings with owners and executives from some of the world’s largest manufacturing and automotive companies as well as the opportunity to meet with the Mayor of Furth, Deputy Mayor of Arnsberg, and Member of European Parliament, Dr. Peter Liese to discuss industry and trade.

These interactions provided valuable insights into the mutually beneficial relationships that have flourished, contributing to job creation and economic development in the region.

“This mission was a chance to meet face-to-face with companies that have chosen to not only set up but expand their businesses in Cambridge. These businesses recognize that Cambridge offers the perfect climate to create and innovate, while providing employees and their families with an attractive place to work, live and thrive,” said Cambridge Mayor, Jan Liggett. “We continue to discuss opportunities for business expansion and foster those relationships, promoting Cambridge as a leader in Aerospace, Advanced Hi Tech manufacturing and Food technology and processing. These missions help raise the profile of Cambridge and Waterloo Region to the rest of the world.”

Missions of this sort are integral in maintaining strong business relationships and attracting new investment, especially at a time when EV supply chains and mega-investments are re-shaping manufacturing and industry around the world. This diplomatic initiative also underscores the significance of global collaboration in driving economic growth and innovation. By engaging with such businesses, the delegation seeks to promote cross-cultural understanding, explore potential investment opportunities, and further solidify Cambridge's and the Region’s reputation as a hub for investment, innovation, and entrepreneurship.

Mayor Liggett emphasizes the importance of such international collaborations in today's interconnected world. "This trip is a testament to the strength of our local economy and the appeal of Cambridge as a destination for global businesses. We were proud to share the innovation, talent, and opportunities that define our community, while also learning from our international counterparts," said Mayor Liggett.

“After this successful diplomatic mission, we are confident that the bonds forged during this visit will lead to increased trade, knowledge exchange, and a brighter future for both Cambridge and the international business community.”