Loading in 2 Seconds...
Loading in 2 Seconds...
Developing NYS-Canadian Opportunities Focus 2010: Are You Ready for an Improving Economy? Watertown, NY. James Fayle North Country Regional Director, ESD. ESD Overview. Empire State Development. ESD is New York State’s primary agency for economic development. ESD Leadership
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Developing NYS-Canadian Opportunities Focus 2010: Are You Ready for an Improving Economy? Watertown, NY James Fayle North Country Regional Director, ESD
Empire State Development ESD is New York State’s primary agency for economic development ESD Leadership David A. Paterson New York State Governor Dennis M. Mullen Chairman & CEO
What does ESD do? • Partners with affiliates within the public and private sectors to create an environment that spurs innovation and drives economic growth and development, helping companies grow and compete in the global economy • Seeks ways to enhance the state’s competitive advantage as the world capital for industries ranging from finance and media to technology and agriculture
How Does ESD Help Business? • Works closely with individual companies to: • Identify creative solutions to challenging business problems • Generate enhanced growth opportunities • Assist in the achievement of their short- and long-term goals • Helps entrepreneurs and businesses: • Start a company in New York State • Establish a presence in New York State • Improve business efficiency through expanding and upgrading existing operations in New York State • Retain and enlarge their workforce in New York State • Compete more effectively and profitably in the domestic and international marketplace
International Division Creates opportunities for businesses to compete in the international marketplace • Assists existing New York State businesses to expand operations and compete more effectively and profitably in domestic and international markets • Identifies capital for export expansion and job creation • Offers consultant services, including: • Providing customized market intelligence • Distinguishing global trade leads • Identifying potential agents, distributors and sales partners Helps foreign businesses relocate to or establish a presence in New York State
Trade with Canada • Canada is one of New York’s largest trading partners with annual two-way trade exceeding $43 billion Canada’s Trade with the U.S./2006 Imports: $218 billion Exports: $359 billion Canada’s Trade with NYS/2006 Imports: $14.4 billion Exports: $28.7 billion
Canada-U.S. Statistics • Two-way trade of more than $1.58 billion in goods and services each day • Open border policy • 60% of all Canadian imports come from the U.S. • 80% of all Canadian exports go to the U.S. • Canada is the world’s seventh largest market economy • Canadian real GDP $1.1 trillion
Why Canada? • Canada-U.S. trade relationship largest in world • U.S. exports to Canada have grown over 65% since 1995, thanks to NAFTA • Business practices and attitudes are similar • Proximity reduces costs, transit times • Language compatibility • Sound financial and distribution systems • By starting to export to Canada you will soon be looking at other international markets
Largest NYS Export Sectors to CDN • (2006, in millions of dollars) • Motor vehicle engine and parts ($957) • Engines, turbines, power transmission ($841) • Semiconductors, electronic components ($493) • Motor vehicle parts ($316) • Computer and peripheral equipment ($312) • Chemical products ($301) • HVAC ($230) • Jewelry ($205) Other: instrumentation, gold, silver, electrical equipment, plastic products, pumps, compressors, sawmill-related, pharmaceutical and medicine
Why Export? Success for both countries • Approximately 2 million jobs in both the U.S. and Canada are directly related to cross border exchange of goods and services • Trade represents a chance for manufacturers to enlarge their markets and increase products • Generates new jobs, tax revenue and keeps companies located in their home
Public-Private Partnerships • The Cross-Border Exchange Initiative • Fostering collaboration in the medical industry • Photonics Research Ontario and University of Rochester joint alliance • ESD Toronto has co-operated with Ontario Export Inc. for “Who is Who in IT in Ontario” to bring a delegation of high-tech firms from Buffalo, Rochester and other cities to Ontario for partnering
Other Business Examples • American Orthopedic Appliance Group (Cornwall, NY), a manufacturer of Thera Glove Hand and Wrist Support, signed national distribution agreement with North Jefferson of Vancouver, BC • Orelube Corporation, (Plainsview, NY), a manufacturer of industrial lubricants, reached an agreement with Davley Darmex Lubricants of Mississauga, Ontario to supply Davley with private label lubricants • Nova Bus (Quebec) recently opened an assembly plant to manufacture buses plant in Plattsburgh, NY • Hundreds of Canadian firms do business in NYS • Pratt and Whitney, Bombardier, Quebecor, MDC Partners Inc., PBB Global Logistics, JDS Uniphase, Brookfield Properties, Trans Canada Pipelines, Bric Engineering, Metro Paper, Allen Vanguard, banks, and more
Funding and Support • Grants • Reduces the costs of acquiring or improving hard assets and enhances business operations • Direct loans • Offers below-market rates to lower overall blended rates with conventional sources • Lowers the cost and increases the accessibility of capital • Tax incentives • Available to certain firms in specific locations or targeted industries • Attracts new businesses and enables existing businesses to expand and create new jobs • Technical support • Allows businesses to operate more efficiently and compete more effectively • Entrepreneurial assistance • Job training • International trade expertise
Services of Canadian Offices NYS offices in Toronto & Montreal promote NYS interests through international trade and FDI • Market entry • Agent/distributor/rep search • Market overview • Trade shows, trade missions • Contacts and company lists
Export Marketing Assistance Service Helps NYS companies find sales representation abroad • Provides customized research conducted by our trade specialists at home and abroad • Foreign-based offices provide local intelligence for the markets you select and identify the best possible parties to represent your company’s sales interests abroad • Offers a range of for-fee services, such as: • Agent-distributor searches • Distribution channel analysis • Customized market research • Identification of strategic venture partners • Competitive pricing analysis
Global Export Marketing Assistance Matching grant that helps businesses expand through increased export activity • Matching grants to advance the export prospects and global competitiveness of small and mid-sized firms through: • Preparation of customized global market, product, industry and engineering studies • Participation in the international marketplace, notably through selected overseas trade shows • Implementation of effective export strategies
ExportNY International business institute for key executives • CEO training program to improve exporting skills • Weekly over an eight-month period • Brings together various resources to focus on issues ranging from international financing and strategic marketing plans to distributor contracts and differing business cultures • Formal academic instruction, experienced industry professionals • One-on-one consulting to develop an international business plan
For More Information • James Fayle • North Country Regional Director • Empire State Development • 315-785-7932 • email@example.com • www.esd.ny.gov