Transcript Ohio State Assistance to Israel Agribusinesses

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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Help Israeli companies enter the
US market (j.v., marketing,
production, service or distribution)
The State of Ohio
• Ohio Stats:
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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)
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: OwensCorning, Libbey Glass, Owens-Illinois
Location, Location,
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
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
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,
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
Why Ohio Works for
Food and Agribusiness
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6th in U.S. food processing
935 food processing facilities
$80 Billion Industry
New ethanol production facilities
Why Ohio Works for
Food 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.
Attracting New Foreign Direct Investment
• Site Selection Assistance
• Supply Chain and Market Assistance
• Investment Incentives
– grants
– financing
– tax credits and abatements
What’s New in Ohio
TAX REFORM
• NO Corporate Income (Franchise) Tax
• NO Tangible Personal Property Tax
• Only other states with no corporate tax:
Wyoming, Nevada and Washington State
Tax Reform
What you need to know:
OHIO
Cost of Living
Approx. 30% Cheaper than
either coast
What’s New in Ohio
THIRD FRONTIER PROJECT
• $1.1 billion in state funds approved to
strengthen Ohio’s technology-based
economy – similar to Israel’s Chief
Scientist program
Thank You!
Richard Schottenstein, Managing Director
Ohio Eastern Mediterranean Regional Office
Tel-Aviv
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