August 9, 2018: Wesley Mathews was appointed as the Director of the newly-created Office of International Trade and Investment (OITI) at the New Jersey Economic Development Authority (EDA) by Gov. Phil Murphy on Wednesday, August 1, 2018. Mathew is EDA’s Vice President. “OITI is charged with increasing Foreign Direct Investment (FDI) into New Jersey; recruiting international businesses to the State; strengthening New Jersey’s relationships with the diplomatic community in the greater New York area; and coordinating trade missions and other international outreach by the State, in partnership with Choose New Jersey,” according to a statement from the Governor’s Office. “The Business Action Center will retain an Office of Export Promotion, which will continue to be focused on helping New Jersey-based businesses export globally.” “With 70 percent of the world’s purchasing power and 95 percent of the world’s consumers located outside the United States, strengthening our international trade and investment efforts is vital to New Jersey’s global competitiveness and to our ability to create sustainable economic growth,” said EDA Chief Executive Officer Tim Sullivan. “As one of the most diverse and globally-connected states in the country, New Jersey is well positioned to revive this critical component of our economy under Governor Murphy.” New Jersey is currently home to more than 1,100 multi-national companies and the headquarters of an estimated 270 foreign companies.