Arizona Republic from Phoenix, Arizona • Page 34

ALL.EDimONS 84-A The Arizona Republic Phoenix, Sunday, March 1, 1172 American Brussels is becoming home for many executives working in Belgium free grant. The government also will pay to retain potential employes. These advantages have been handed out so freely that the Common Market has taken the matter up with the Belgian government, on the grounds that, they work to the disadvantage of other countries which want foreign Foreign firms and their for- -eign employes get special tax benefits. The firm may not have to pay any real estate t. tax for five years.

In some areas it can figure depreciation of plant at twice the normal rate. Employes who travel a lot can make deductions from, personal income tax for per-, iods they spend outside Bel gium. Work permits are required for foreigners, but until recently here has been no difficulty about getting them. Th i his contrasted with Switzerland, where foreign businesses face limitations on foreign labor. Some advantages are psychological the Belgian government does an active selling job.

An A 1 a banker in Brussels told this story: A. potential investor wanted to bring his firm either to Britain or to Belgium. In London a 'government official handed him a piece of paper listing inducements. In Brussels, the government assigned a man to take him around, show him sites, open doors and explain details. The Belgian government offers generous inducements to foreign firms if they create needed jobs, If the foreign firm needs to borrow money, the government will subsidize the interest rate on the loan up to two thirds of the total investment.

The money can cost the firm as little as 1 per cent a year. If the firm uses its own funds it gets a tax Many American firms invest just by purchasing a Belgian firm. In 60 per cent of the cases, the university survey found, a Belgian business seeks out the American buyer. This is often because the head of the Belgian Business has no one younger in the family who wants to take over when he retires. Some Belgians worry about the extent to which foreigners are stepping in.

But Belgium shows little sign of discouraging it. Three years ago the London Weekly Economist-wrote: "Belgium clearly en-" joys being raped, but she is just beginning to wonder if she should." A new law to encourage foreign investment went into effect more than a year later. (Buy 21) aw 18" ELECTRIC LAWN MOWER VITU 100's Save on I0Q mq OLAFSEN REG.M.I9 Smn la klnrJo Rlirlr Decker with in- qQQ stant start; catcher (O I Associated Press BRUSSELS Napoleon never got as far as Waterloo he was defeated a few miles down the road. Some 960 Americans have reached there and stayed. It's a favorite-residential suburb for executives of U.S.

firms operating in Brussels. Authorities know of only Americans in Belgium who are not connected with the- U.S. government. But American firms employ one out of every 12 Belgian industrial workers. The 1,400 U.S.

firms in Bel- gium include one-man Others, such as International Telegraph and Telephone, employ as many as 15,000 people. About one-third of the firms own manufacturing plants. Nearly half of them have adopted Brussels as their European headquarters. This is the capital of the European Common Market. With a big expansion of its free-trading zone due to start next year, Brussels will have much of the business action.

For 13 years Belgium has beien one of the market's six founding members. Subsidiaries of firms from the other fie, taken together, still account for less production than American firms in Belgium. "The United States may never join the Common Market," said one European busi-n a n. "But only the Americans really take it seriously." Among business firms from other Common Market countries, the Dutch hire the most Belgians and the West Germans invest the most money, bu neither approaches the ecl of U.S. business in Belgium.

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It found that U.S. executives mentioned most often the country's central position in Western Europe. The center of London, Paris, Amsterdam or Cologne can be reached from Brussels in a few hours, quickly enough to do business and get home the same day. Walther Kniep, president of Corn Products in Europe, pointed out that Bel-gium's good rail and road connections are valuable supplements to air travel' especially when winter weather disrupts plane schedules. On-nik S.

Tuygil, who heads Monsanto in Europe, says Antwerp with its great deepwater port is an ideal central location for manufacturing. An official of the North At-1 a i Treaty Organization put it less kindly after headquarters moved to Belgium from France: "The best thing about Brussels is that it's only a nice two-hour train trip to Paris." Opinions differ about living in Brussels. One American finds it a cultural desert compared with Geneva, where he used to work. Others are attracted by the choice of housing1 and office space. Real estate has long been a favorite choice of Belgian investors.

The decision to bring both the Common Market and NATO to Brussels led to over-optimism. As a result a practical way to find an office er an apartment is to str611 through the district you fancy. "To let" signs can be foujid in almost every street. IJore important to manufacturing firms is the labor market. As is true virtually anywhere, labor is cheaper in Belgium than in the United States.

Belgium has powerful trade unions and sometimes their go on strike, but not as oftn as. in many other countries. A pool of skilled labor stems largely from the closing down of uneconomic coaj mines and the decline of-industry that depended on them. mm QibQd KPUY2Q 1 uyj2 I '4-GRAIN WALGREEN U.S.P. 2 E0TTLE8 i A.

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