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Bellevue as a Center for International Trade

Bellevue as a Center for International Trade. Presentation November 10, 2009 Thomas Boydell Economic Development Manager. Purpose of International Trade. Downtown Bellevue. Diversify local economy and feed expansion Downtown Bel-Red vision Support to technology entrepreneurism

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Bellevue as a Center for International Trade

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  1. Bellevue as a Center for International Trade Presentation November 10, 2009 Thomas Boydell Economic Development Manager

  2. Purpose of International Trade Downtown Bellevue • Diversify local economy and feed expansion • Downtown • Bel-Red vision • Support to technology entrepreneurism • Investment • Build off Bellevue’s Strengths • Internationally diverse population • Schools, cultural amenities, and community • Good access, parking, and low crime • Location in region and globally • Business Strengths – e.g., proximity to MSFT, Boeing, UW • Expand based on global market opportunities Tomorrow’s Bel-Red Innovation Corridor (912 acres)

  3. Cultural Amenities

  4. Parks and Public Gathering Places

  5. Expanded Shopping and Entertainment New Upscale Retail

  6. New Office and Residential Towers City Center 989 Elements Lincoln Square BRE Ashton Expedia Inc. Tenzo Tower Summit Bellatini The Bravern - Microsoft

  7. Demographics Diversity growing at a galloping pace • A global workforce • 30%+ foreign born (compared to 25% in Seattle) • 30%+ speak a language other than English • 70 languages spoken in Bellevue schools (up from 36 in 2002) • Compared to >100 in Seattle schools • Compared to >130 different languages spoken in the Bellevue-Seattle Metropolitan area • 30%+ non-Caucasian • A well-educated workforce • 60% of those over 25 with at least a bachelors degree (national average of 27%) • High number of PhDs per capita Importance to the city’s economy • International funds and investments transfer is huge business • Attracting top professionals from around the world fuels technology sector • Top talent people will nurture institutions that will, in turn, nurture their children’s talents • Nearby universities, community colleges and technical training institutes • Award-winning Bellevue Public Schools

  8. International Companies in Bellevue Bellevue Companies - National & International • AAA of Washington • Boeing • CH2M Hill • Coinstar • Eddie Bauer • Expedia Inc. • Microsoft • Mulvanny G2 Architecture • PACCAR • Pokémon USA, Inc. • Symetra Financial • T-Mobile USA (formerly Deutsche-Telecom) Example List of Asian Companies in Bellevue or nearby China Companies Loci Software Kiloboat.com Longtop International Taiwan Companies China Trust Bank India Companies Aditi Aztecsoft Congruent Software Cordant iLink Physware Prithvi Second Space WiPro Pacific Consulting Services Japan Companies ICOM Pacific Software Publishing Inc. Nintendo Grape City Tokai Denpun USA * Total of 125 foreign-owned companies, more than 900 firms involved in international trade

  9. Why “Initiative India” • Follow up on recent China efforts and strong connections to China and other countries in Asia • Increase services and cultural programs to Bellevue’s citizens and international residents • Fastest growing demographic segment is Indian/South Asian • Growth of 1000% 2000-2008, largest concentration in Washington • Increase outreach to technology businesses • Market research on trade between Wash and India • Historic new policy and trade agreements in 2008/2009 • Test out ideas and have fun

  10. Experience – May ‘08 to Nov ‘09 • Explosive Success, due to … • Outstanding leadership and encouragement of the local Indian-American community • Regionally collaborative approach • Fortunate timing • Actions based on analysis of opportunities • Efforts to connect people

  11. In Process • Types of activities or ideas being explored • Cultural ~ Gandhi Memorial, Crossroads, ISAFF, SAM exhibit, Fashion show, Summer outdoor films, 1020, BAM • Economic ~ NFIA Convention, Business networking and civic engagement, WTC India Dinner event, Mobile Technology event, “Culture and communications” workshop and training for Bellevue staff, Business relocations, SBI, Air India, Global Health Program/Nurses Training Exchange, Proposed trade mission (Orissa) • Policy Connections ~ Interactive media strategy, A&E strategy, ESI, and existing state and federal export assistance programs • Government Of India~ Ambassadors Sen and Shankar, Consul General, new PNW Consulate proposed for Bellevue • US Government ~ Federal, state, and local officials • Other Foreign Governments ~ New engagement from Great Britain, Mexico, Australia, and potentially Indonesia • Investment ~ EB 5, II Advisory Committee, Youth Entrepreneurs workshop, Entrepreneurs' Boot Camp

  12. Potential Outcomes – Trade & Investments • Agriculture • Civil and Military Airplane Sales • Transportation Equipment • Computer Technology, Software • Mobile Device Technology and Software • Medical Equipment, Devices, and Management • Higher Education • Architecture and Engineering Services • Environmental Services • Clean Energy (e.g., Smart Grid systems) • Corporate Finance • Investments and Private Banking • Legal Services • Franchises • Couture Fashion, Garments & Textiles • Spices

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