international business the impact on Colorado’s economy & jobs

1. international business the impact on Colorado’s economy & jobs Global Day Colorado – August 23, 2012

2. International business factors to Consider • Trade – Exports/Imports • Global Operations • Foreign Direct Investment • Tourism • Education • Direct International Flights

3. International Trade – Benefit to Communities • INTERNATIONAL TRADE IS AN ECONOMIC DEVELOPMENT TOOL THAT CREATES JOBS,RETAINS JOBS AND HELPS COMPANIES AND COMMUNITIES COMPETEGLOBALLY • BringsNEW Money Into Economy • Delivers Economic GrowthandJobs • DrivesCompetitiveness, Productivity, and Innovation

4. Colorado’s exports – The Good News • Exports from Colorado are up nearly 12% over last year at this time • Compared to the U.S. where growth rate is 7% • Service Exports are up as well and CO is among the nation’s strongest

5. Colorado’s exports – The Bad News • Colorado ranks 37th in exporting out of all U.S. states and • territories • THE OPPORTUNITY? • 95% of global market is outside of the United States • Only 1% of U.S. companies are exporting • Out of those companies, 60% are exporting to only one market

6. Jobs Created by Colorado Exports U.S. Department of Commerce’s formula: $165,000 of exports = 1 highly skilled job

7. Colorado Export Performance

8. Colorado’s Top Export Products (2011) Source: Wiser, CENSUS Bureau

9. Colorado Exports to top markets (out of 210 total)

10. Colorado’s Exports by Market

11. State Comparisons Top Exporting States Neighbors

12. Colorado’s Metropolitan exports

13. Service exports - international visitors

14. Service exports - education • International Students in Colorado increased 10.1% in 2010-2011 over the previous academic year • 7,688 International Students studying in Colorado • Estimated student expenditures: $235 million

15. Examples of Colorado exporters

16. COLORADO’s IMPORTS - The whole story • Imports are up 3%, totaling $11,745,273,509 • Colorado has a trade imbalance of $4,412,776,253

17. Colorado Imports

18. Colorado’s Top import markets

19. Examples of Colorado importers

20. Colorado firms with global operations

21. Foreign Direct Investment in Colorado

22. ORIGIN OF FDI IN COLORADO

23. Fdi industry breakout

24. State comparisons Top States for FDI Neighbors

25. Direct Flights Impacting Trade

26. New York, NY Estimated completion date, 2014 Veracruz, Mexico Bahrain Sao Paulo, Brazil

27. World Trade Center Denver • Established 1987 • Member-based organization • Privately funded • Partnership-focused • Rocky Mountain World Trade Center Institute

28. Benefits to Membership • Worldwide Expansive Network • World Trade Centers Association • 330 centers, 100 countries, 1 million affiliated companies • Reciprocal Services • WTC Club, e-commerce, tenant services, office and conference facilities overseas, group trade missions • World-Class Educational Programs • Weekly Newsletters, Updates • International Business Resources • Market research services • Offices of government agencies and trade specialists • International business publications and databases • Networking Opportunities, Programs, & Events

29. Contact Your Local Resources for Help • World Trade Center Denver – 303-592-5760 – www.wtcdenver.org • Colorado International Trade Office – 303-892-3850 – www.colorado.gov/trade • Colorado Department of Agriculture – 303-239-4118 – www.coloradoagriculture.com • U.S. Export Assistance Center – 303-844-6623 – www.export.gov

30. Contact Us Karen Gerwitz, Executive Director www.wtcdenver.org (303) 592–5760