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Eastern Mediterranean Regional Office Tel Aviv Presentation at AgroMashov

Eastern Mediterranean Regional Office Tel Aviv Presentation at AgroMashov Richard Schottenstein January 13, 2010. Office Location. Ohio Office – Tel Aviv. What We Do. A Find Distributors and Agents for Ohio Companies

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Eastern Mediterranean Regional Office Tel Aviv Presentation at AgroMashov

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  1. Eastern Mediterranean Regional Office Tel Aviv Presentation at AgroMashov Richard Schottenstein January 13, 2010

  2. Office Location

  3. Ohio Office – Tel Aviv

  4. What We Do • A Find Distributors and Agents for Ohio Companies • Help Israeli companies enter the US market (j.v., marketing, production, service or distribution)

  5. The State of Ohio • Ohio Stats: • 11.5 million • 7th in the nation in population • GDP of $471 Billion (2008) • 3rd largest manufacturing State • Three Large Industrial Cities: • Cincinnati (2.1 million) • Cleveland (2.2 million) • Columbus (1.75 million)

  6. Ohio – Our Other Homes for Business • Akron – World’s Plastic and Rubber Capital • Dayton – Home of America’s largest Airbase & Air Force R&D, NCR, Mead • Toledo – World’s Glass Capital: Owens-Corning, Libbey Glass, Owens-Illinois

  7. Location, Location,

  8. Easy access to profitable markets lowers your cost of doing business • 7th in the nation in population size with 11,478,000 Ohioans. • 5.8 million strong labor force exceeds the population of 35 other states. • Ohio is located within 1,000 km • 80 percent of U.S. corporate headquarters • 70 percent of North American manufacturing • 62 percent of all US and Canadian manufacturing locations • 61 percent of the U.S. population • 50 percent of the Canadian population

  9. Ohio: A Global Business Leader • For the third year in a row Ohio ranked first in the United States in the number of private investments. • Ohio has over 1,000 international-owned establishments from 26 different countries. Employing over 180,000 Ohioans. • Ohio is a leading exporter – ranked 7th nationally

  10. Strong supply chain across numerous key industries improves efficiency and increases profits • Advanced Energy & Environmental Technologies • First Solar • Motor Vehicles and Parts Manufacturing • Honda, GM, Ford, Chrysler • Instruments, Controls and Electronics • AK Steel, Timken, ABB, Lincoln Electric • Polymers and Advanced Materials • Goodyear, PolyOne • Bioscience and Bioproducts • P&G, Amylin, Cleveland Clinic, Cardinal Health • Distribution & Logistics • BAX Global, Cardinal Health • Aerospace & Aviation • GE Aircraft Engines • Corporate and Professional Services • Nationwide Insurance, National City Bank, Fifth Third Bank • Agriculture & Food Processing • Kroger, JM Smucker,

  11. Ohio Exports • Ohio exports had a total dollar value of $45.5 billion in 2008 • In 2008, Ohio was the 7th largest exporting state • Ohio is the only state whose exports have increased every year since 1998

  12. Why Ohio Works forFood and Agribusiness • 6th in U.S. food processing • 935 food processing facilities • $80 Billion Industry • New ethanol production facilities

  13. Why Ohio Works forFood and Agribusiness Profitable faster because Ohio’s strategic location brings all elements comprising food production and food processing. --farming, seed supply, agrichemicals, agro-bioscience, farm machinery, production, marketing and distribution. Ohio is home to food industry leaders such as: Kroger, J.M. Smucker, Honeybaked Foods, Inc., Chiquita Brands International, and Bob Evans Farms. Ohio’s food and beverage manufacturing industry exports equal $25 billion annually.

  14. Attracting New Foreign Direct Investment • Site Selection Assistance • Supply Chain and Market Assistance • Investment Incentives • grants • financing • tax credits and abatements

  15. What’s New in OhioTAX REFORM • NO Corporate Income (Franchise) Tax • NO Tangible Personal Property Tax • Only other states with no corporate tax: Wyoming, Nevada and Washington State

  16. Tax Reform

  17. What you need to know:OHIOCost of LivingApprox. 30% Cheaper than either coast

  18. What’s New in OhioTHIRD FRONTIER PROJECT • $1.1 billion in state funds approved to strengthen Ohio’s technology-based economy – similar to Israel’s Chief Scientist program

  19. Thank You!Richard Schottenstein, Managing DirectorOhio Eastern Mediterranean Regional Office Tel-Aviv

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