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Brookings ua version ef


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Brookings Institution Global Cities Initiative

Published in: Investor Relations
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Brookings ua version ef

  1. 1. CURRENT ECONOMY world’s population outside the U.S. 95% world’s purchasing power outside the U.S. 80% Source: World Economic Outlook, International Monetary Fund, 2013
  2. 2. NEW ECONOMY: 2013 - 2018 15% 85% Share of economic growth in the U.S. Share of economic growth outside of U.S. Source: World Economic Outlook, International Monetary Fund, 2013
  3. 3. 37% -7% ECONOMIC REALITY U.S Manufacturing Firms Revenue Growth 2005-2009 Exporters Non-Exporters Source: US International Trade Commission, 2010, “Small and Medium-Sized enterprises: Characteristics and Performance.”
  4. 4. ECONOMIC REALITY 100% 70% 20%Higher sales than non-exporters Higher employment than non-exporters Higher wages than non-exporters U.S. Business Services Exporters 2007 Source: J. Bradford Jensen, “ Global Trade in Services: Fear, Facts and Offshoring.” Peterson Institute for International Economics, 2011
  5. 5. SC AND GLOBAL ECONOMY SouthCarolinajobstiedto internationaltrade&investment 20% 68% Upstate investment announcements frominternationalcompanies 44% Upstate jobannouncements frominternationalcompanies Source: Business Roundtable, “How South Carolina’s Economy Benefits from International Trade & Investment; Upstate SC Alliance Announcements 2010-2013
  6. 6. Q: How do we ensure the Upstate captures its share of the growth? A: By developing and committing NOW to a comprehensive GLOBAL engagement strategy
  7. 7. CONTINUED MOMENTUM Increasing economic growth and diversifying our economy by: Continued recruitment of new international investment Expansions related to increased export sales Investment growth from mergers & acquisitions
  8. 8. EXCHANGE PARTNERS Atlanta Charleston Chicago Columbus Des Moines Indianapolis Jacksonville Los Angeles Louisville-Lexington Milwaukee Minneapolis-St.Paul Phoenix Portland Sacramento San Antonio San Diego Syracuse Tampa Bay Upstate SC Wichita
  9. 9. 4 YEAR LEARNING & ACTION NETWORK Develop an Integrated Export/FDI Plan Integrate Other Global Strategies Connect Metros to Global Best Practices Monitor Progress and Success Support Implementation w/ Peer Interaction Facilitate International Relationships Source: Brookings Global Cities Initiative
  11. 11. Elizabeth Feather Upstate SC Alliance REGIONAL TEAM CORE TEAM LEADER – Global Cities Initiative Core Team Members: Dr. Kathleen Brady USC Upstate Jack Ellenberg SC Ports Authority Clarke Thompson SC Department of Commerce Mayor Rick Danner City of Greer David Shellhorse Appalachian Council of Governments
  12. 12. Upstate Core Team & 19 Other Cohorts Manufacturers & Service Providers Export Service Providers Community Steering Committee ORGANIZATION
  13. 13. GET INVOLVED Manufacturers & Business Services Export Service Providers Business & Community Leaders Elected Officials
  14. 14. KEEP INFORMED • About the Program • Progress Reports • Timelines • International Data & Research • Fact Sheets • Core Team • Steering Committee • How to Get Involved
  15. 15. 2014 ANNUAL LUNCHEON How will the Upstate remain competitive Why regionalism is crucial to our future How and why to be involved The global economy is changing WHY ATTEND? KEYNOTE SPEAKER: BRUCE KATZ Vice President, Brookings Institution Founding Director, Metropolitan Policy Program
  16. 16. Thank You! Clay Andrews Director Investor & Public Relations Upstate SC Alliance
  17. 17. Thank You! Elizabeth Feather Marketing Research Manager Upstate SC Alliance