An Economic Development Partnership Trade Compliance & Foreign Exchange Workshop November, 2012 John D. Chaffee, CEO.

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Presentation transcript:

An Economic Development Partnership Trade Compliance & Foreign Exchange Workshop November, 2012 John D. Chaffee, CEO

NCPED North Carolina Partnership for Economic Development Charlotte Advantage West Piedmont Triad Research Triangle Southeast Northeast Eastern

Geography and Population Comprised of 13 counties: Carteret, Craven, Duplin, Edgecombe, Greene, Jones, Lenoir, Nash, Onslow, Pamlico, Pitt, Wayne and Wilson Landmass larger than the states of Connecticut and Rhode Island combined Population of 1.1 million Five metropolitan areas >100,000 people

NCER Strategies to Grow Our Economy 1.Provide Resources/Advocacy for Transportation 2.Retain/Expand Existing Industry 3.Emphasize Business Cluster Marketing - Recruitment 4.Expand Adult Education Programs/Facilities 5.Create Regional Marketing Brand 6.Cultivate Entrepreneurship

2011 Industry Clusters

Emerging Clusters – Advanced Manufacturing Aviation/Aerospace Automotive parts, industrial machinery Life Science BioPharma R&D, manufacturing Medical Devices, R&D, mfg. Healthcare NCER Target Sectors (Clusters) Existing Clusters – Traditional Industries Military (defense) Marine Trades Tourism/Retiree Attraction Value-added Agriculture Energy and biofuels (emerging subsector) Food Processing Forest/wood products (pellets/building products)

Promote Regional Economic Diversity Stimulate Growth: Complement local efforts Business Recruitment Business Expansion (export-oriented firms) Entrepreneurship Tourism Expand Capacity: Grants and loans Workforce Development Research Partnerships Develop New Assets Infrastructure Mission

In $Millions Source: Census, World Almanac 2009 & U.S. BEA 2010 U.S. Exports & Imports (Goods)

Source: Adler-Miller-McCune 2008 By % of the middle income consumers in the world will live outside the “developed” countries Export Customers of the Future

U.S. Foreign Direct Investment In $ Billions Source: BEA

Foreign Direct Investment in U.S. In $ Billions Top Region: South Top Sector: Manufacturing Source: Southern Business & Development, Summer 2011

FDI in NCER 1995: no Japanese companies recruited to region. By 2010, eight companies had invested over $250 million and employ approximately 1200 workers (excluding Bridgestone/Firestone - an acquisition – which employs over 1000). »Today: 40 foreign companies from 16 different countries have created thousands of high- wage jobs.

BelgiumCanadaFrance Germany India Italy Taiwan United Kingdom Sweden Switzerland Ireland Netherlands Mexico Japan FDI in NCER Korea Australia

FDI in NCER – Latest arrival Canadian owned, Sprit AeroSystems (Wichita, KS) Invested over ¼ billion dollars and employs about 300 workers building components for Airbus and Gulfstream for export to EU & ME Global company with facilities in Europe, Asia, and North America Kinston engineering center populated by multi-nationals 1050 employees by 2015

Exporting is key to increasing profits, growing our economy, and improving wages for American workers. The services to help your company grow are most likely available at no or very little cost to you. Thanks for your contribution. Keep Exporting

John D. Chaffee President & CEO, North Carolina’s Eastern Region