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Henrico County, Virginia USA

Henrico County, Virginia USA. “One of the best run counties in America.”. Fred Agostino Executive Director Henrico County Economic Development Authority. Las Vegas. Greater Richmond, Virginia – An Overview. Cultural opportunities of a large city, with a 24-minute commute.

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Henrico County, Virginia USA

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  1. Henrico County, VirginiaUSA “One of the best run counties in America.” Fred Agostino Executive Director Henrico County Economic Development Authority

  2. Las Vegas

  3. Greater Richmond, Virginia – An Overview Cultural opportunities of a large city, with a 24-minute commute

  4. Access to 50% of U.S. population within 750 miles. • 500 miles to Boston and established North East markets. • 500 miles to Atlanta and booming South East markets.

  5. INTERNATIONAL SUBSIDIARY SCENARIO: TWO PERSON OFFICE Los Angeles Atlanta Seattle Richmond New York/NJ Low High Low High Low High Low High Low High Start-Up Costs(One Time) $9,267 $16,742 $9,946 $17,763 $11,137 $20,563 $10,045 $17,910 $9,657 $16,600 Operating Costs(Annual) $105,373 $240,440 $149,103 $322,638 $132,221 $322,214 $124,827 $263,032 $143,014 $318,664 Salaries and benefits $7,200 $17,340 $10,800 $21,600 $16,956 $21,276 $12,600 $13,320 $15,480 $20,400 Office suite Telecom $2,388 $5,088 $7,918 $7,918 $2,760 $2,760 $8,760 $8,760 $8,760 $8,760 Other $11,806 $9,886 $11,169 $11,169 $10,901 $10,901 $12,394 $12,874 $17,454 $17,454 $126,767 $272,754 $178,990 $363,325 $162,838 $357,151 $158,581 $297,986 $184,708 $365,278 Total Operating Costs:

  6. INTERNATIONAL SUBSIDIARY SCENARIO: TEN PERSON ASSEMBLY AND DISTRIBUTION OPERATION Los Angeles Atlanta Seattle Richmond New York/NJ Low High Low High Low High Low High Low High Cost Description $16,315 $10,246 $18,063 $11,077 $20,503 $10,095 $17,960 $9,807 $16,750 Start-Up Costs (One Time) $9,565 Operating Costs (Annual) Salaries and Benefits $340,592 $653,486 $392,069 $756,050 $351,936 $722,369 $371,942 $640,336 $418,249 $765,338 Leased Space: $24,500 $49,000 $39,600 $79,200 $49,550 $99,100 $27,400 $54,800 $25,600 $51,200 5-10,000 sq. ft $9,904 $9,904 $9,904 $9,904 $9,904 $9,904 $9,904 $9,904 $9,904 $9,904 Telecommunications Utilities $11,636 $11,671 $16,750 $16,750 $22,404 $22,456 $12,101 $12,196 $10,727 $10,829 Other $11,886 $11,886 $13,169 $13,169 $12,901 $12,901 $12,234 $12,234 $12,254 $12,254 $735,947 $471,492 $875,073 $446,695 $866,730 $433,581 $729,470 $476,734 $849,525 $398,518 Total Operating Costs

  7. AFFILIATIONS Chinese Organizations • Organization of Chinese Americans, Central Virginia Chapter • Chinese Student Association • Richmond Chinese Senior Group • Chinese Community Chorus Other Programs • U.S. – China People Friendship Association • Asian American Business Assistance Chapter • Asian American Society of Central Virginia • Richmond Export – Import Club

  8. AFFILIATIONS Departments and Organizations with China Relations • Henrico County Economic Development Authority, Shanghai, China • China Council for Promotion of International Trade • Virginia Asian Advisory Board • Virginia Department of Agriculture • Virginia Economic Development Partnership • Virginia Port Authority

  9. TRANSPORTATION AND LOGISTICS • Shipping goods to and from China is easily done through the Port of Virginia. • The Virginia Port Authority. • Virginia International Terminals. • Deepwater terminals for the Port of Virginia.

  10. Norfolk International Terminals • 811 Acres • 50ft Channel Depth • 5,730ft Marginal Wharf with 5 berths serviced by 10 container cranes NORFOLK NIT Gate Cam

  11. Transportation From Henrico County To The Port of Virginia I-95 I-81 Henrico County I-64 Port Of Virginia Rt. 460

  12. SHIPLINE SERVICES FROM CHINA TO PORT OF VIRGINIA

  13. FASTEST TRANSIT TIMES FROM CHINA TO PORT OF VIRGINIA Days Chiwab 32 Hong Kong 23 Ningbo 27 Qingdao 28 Shanghai 28 Xiamen 32 Yantian 24

  14. Uquality Automotive Parts Corporation Brake parts specialist Established in Henrico County in 2004. Company out of Beijing. 44,000 square feet Distribution Center New Yung Wah Established in Henrico County in 2003 52,000 square feet, 4,750 square meters Distribution Center for Chinese Foods Distributes to West Virginia, Maryland, North Carolina, Virginia, the District of Columbia (DC) HC Yu and Associates Established in Henrico County in 1980 30 Employees Provides Consulting Engineering Services MAJOR COMPANIES OF CHINESE ORIGIN IN GREATER RICHMOND E and M Engineering Established in Henrico County in 1989 15 Employees Two (2) plants in Mainland China Headquarters in Hong Kong Disposable electro-surgical products, molds and dies Evergreen Enterprises, Inc. Established in 1993 by Chinese immigrants 140 Employees Designs and Distributes household decorative items (flags, garden ornaments, table accessories) Star Precision Industries Based in Changzhou, Jiangsu, China US headquarters located in Henrico County in 2005 Contract manufacturer and custom metal products company. Industries served: auto, medical, aerospace, sheet metal products

  15. HENRICO COUNTY ASSISTANCE PROGRAM INITIAL VISIT • Visit begins with an itinerary scheduling your meetings during your visit. • Meet at Richmond International Airport. • Show available land & buildings with realtors as per your requirements. • Arrange meetings with similar local firms if desired. • Arrange meetings with government officials. • Assist in identifying potential key employees. ESTABLISHING A U.S. COMPANY Assist with market analysis and studies. Introductions to Chinese speaking local attorneys. Introductions to local Chinese business professionals. Introductions to business consulting team experienced in business in the U.S.A. capable of setting up your U.S.A. operation. Introductions to other business services – accountants, bankers, insurance, advertising agencies, etc. Temporary office space available.

  16. PUBLIC RELATIONSAFTER LOCATION • Press release to U.S.A. media. • P.R. company in Dallas • Henrico magazine/Greater Richmond Partnership newsletter. • Our web sites – www.henrico.com and www.grpva.com. • Local billboards for big firms. • State and metro area Chamber of Commerce introductions. PERSONAL Introduction to local Chinese community. English as a second language programs in schools. School specialties/math, science, music, etc. House finding realtor. Introductions to public and private schools. Introductions to colleges and universities.

  17. HENRICO COUNTY’S COMMITMENT TO CHINA • Opening our Chinese office in Shanghai in 2003. • Frequent business trips to China to promote Henrico County locations as a business location. • Forte International relationship. • Future sister city relationship. • Future school to school relationship. • Experienced native Chinese attorneys available in Henrico County. • Henrico County Public Schools are prepared to support Chinese families. • English as a Second Language (ESL), program is very successful in Henrico. • Children speaking Chinese only are immediately placed in the ESL program. • The ESL program provides Chinese speaking instructors. • About 1,500 students are currently enrolled in Henrico’s ESL program • Many languages from around the world are represented.

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