Investment promotion agency
An investment promotion agency is most often a government agency whose mission is to attract investment to a country, state, region or city. Generally, IPAs have four core functions: image building of FDI hosting country, investment generation, project management and aftercare services. While IPAs play an important role in attracting investment to developed countries some IPAs have additional advocacy function.
The IPA does this by introducing investors with local suppliers ; providing useful statistical data and business information such as macroeconomic indicators, labor productivity, average wages, attractive sectors of domestic economy; practical support like securing permits or completing other administrative obligations; and by managing any investment incentives that the city, state or country may offer to foreign investors.
