The Technology Village Partnership is a cooperative venture of several US companies with the common goal of advancing research and expanding their business in Japan. Completed in late 1998, the US-Japan Technology Village Partnership (TVP) project within the Keihin Waterfront Area of Yokohama has the objective of providing common space for US companies and thereby reducing costs, increasing the synergy effect among companies entering Japan, and expanding markets in Japan. The facility was constructed to meet the needs of TVP participating members. Tenant members enjoy various functions, including office space, research and development, testing and storage, and processing and assembly, in a single building.