Here in the Palm Springs Valley, we LOVE our foreigners..and apprently, they love us right back. Property buyers from Canada, Asia, China, Europe, Australia, New Zealand..and I even have a client coming over from Central America in a couple weeks..wow! But..I already knew we were selling Land, Ranches & Residential properties soI was pleasantly surprised when I read this morning about how the Foreign Investments in our Business community are pumping alot of dollars into our local economy.
Check this out..
In 11 Coachella Valley communities, 106 foreign-owned businessses paid $66.7 million in payroll to 1,992 employees in 2010, according to a report compiled for the county by Moody’s. Japan, Canada, England, Luxembourg and France lead the list of international companies with a presence in Riverside County.
After pulling back during the Recession, foreigners have stepped up their investment in the U.S. according to a recent report by the US commerce department. Last year foreign investment in the US totaled $234 billion, up 14 percent from $205.8 billion in 2010. This is reported by Federal officials.
(Courtesy of The Desert Sun)