Governor Parson Proclaims International Push During Liberty Event
Missouri Governor Mike Parson recently made state history by signing a proclamation at the LMV Automotive Systems Plant in Liberty.
Gov. Parson signed Missouri’s first Open Investment Policy statement and noted that Missouri’s economy is stronger because of its successful attraction of foreign direct investment and reaffirmed the state’s commitment to ensuring equitable treatment for international companies that set up operations in the state. Gov. Parson is Missouri’s ninth to issue an Open Investment Policy statement.
The signing location was no accident. LMV is a manufacturing division of Magna International, a mobility technology company and North America’s largest automotive supplier. The division, which makes body and chassis systems for global automakers, has experienced consistent growth since starting in 2012 and features an Innovation and Training Center to provide skills development to employees and local students, including several from the Northland Center for Advanced Professional Studies (CAPS).
Across Missouri, international companies provide 110,000 jobs. In the past five years, Missouri jobs provided by international firms have grown by 34 percent, while the state’s overall private sector employment grew by 7.5 percent.
“Every day, we are looking to find good solutions and working to both strengthen and prepare our state’s workforce to meet the demands of tomorrow. Magna is a great example, employing more than 900 Missourians, proving that foreign direct investments can be a great success right here in Missouri,” said Gov. Parson. “Missouri is home to over 650 global companies, which supply over 49,000 good paying jobs in our manufacturing sector. By signing this open investment policy, we are reaffirming our commitment to both existing and potential businesses and expanding access to jobs.”