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Attorney Laurence Reszetar named Minnesota Trade Office’s head of direct foreign investment

Minnesota’s efforts to attract international trade and investment were boosted last year when the Legislature approved Gov. Mark Dayton’s Global Competitiveness Initiative.

Now that plan, which aims to boost state exports and attract more foreign direct investment, has a new director: Laurence Reszetar, an attorney at the Minneapolis firm of Maslon Edelman Borman & Brand.

Reszetar, who has experience as an international trade consultant, starts March 19 as the Minnesota Trade Office’s director of foreign direct investment.

He’ll oversee four foreign trade offices and lead efforts to attract more foreign direct investment to the state.

Three of the trade offices are new, funded by last year’s legislation. They will be in Dusseldorf-Cologne, Germany; Sao Paulo, Brazil; and Seoul, South Korea. The state has had a foreign trade office in Shanghai, China, since 2005.

The offices will spend 40 percent of their effort on export promotion and 60 percent on foreign direct investment.

Said Reszetar about his new job:

“Dedicating a new position to foreign direct investment is a good decision that will bring more jobs to the state and strengthen the economy.”

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