Reviews businss opportunities and legal requirements for French and other foreign aerospace suppliers selling to Rolls Royce, Boeing, Gulstream and now AIRBUS in the Southeast U.S.
The document summarizes the history and plans for renovating Salt Lake City International Airport. It describes how the airport was originally built in the 1960s and expanded over time. It discusses the airport's role during World War II and the growth of hub operations by airlines like Western and Delta in subsequent decades. The current renovation project will replace the aging terminals and concourses with a new single terminal and additional gates to accommodate future growth, while improving operations, customer experience and environmental sustainability. Construction is underway and the new facilities are scheduled to open in phases starting in 2018.
El documento describe brevemente los sistemas operativos más conocidos como DOS, Windows 3.1, Windows 95, Windows NT, OS/2, Mac OS y Unix. Explica sus características principales como interfaz gráfica, soporte de 32 bits, multitarea, redes y multiusuario.
Este documento presenta una actividad sobre la búsqueda y gestión de información en la web. Explica diferentes tipos de búsquedas como frases exactas, restricciones de palabras, rangos, definiciones, diferentes tipos de archivos para el mismo tema, y búsquedas en sitios específicos. Describe cómo usar operadores como comillas, guiones, tildes y "site:" para realizar búsquedas más efectivas. Concluye que los operadores de búsqueda ayudan a encontrar información de manera clara, rápida y prec
Many professionals wonder how to make lasting healthy changes to their diet and lifestyle that become habits. This presentation explains how to do that with small tweaks and upgrades that add up to permanent results.
Orlando International Airport handles over 35 million passengers annually, making it the second busiest airport in Florida. It is currently undergoing renovations and expansions, including construction of a new South Terminal Complex to accommodate growing passenger traffic. The airport has four airsides accessible from the main terminal building via elevated people movers, and serves as a hub for several domestic and international airlines.
El Salvador has an emerging aircraft maintenance cluster centered around Aeroman, an MRO facility located at Comalapa International Airport. The cluster benefits from low-cost labor and tax incentives. It aims to attract more aviation-related companies and expand Aeroman's facilities. Government support through job training programs and investment promotion will help strengthen El Salvador's position as a regional aviation services hub.
The document summarizes the history and plans for renovating Salt Lake City International Airport. It describes how the airport was originally built in the 1960s and expanded over time. It discusses the airport's role during World War II and the growth of hub operations by airlines like Western and Delta in subsequent decades. The current renovation project will replace the aging terminals and concourses with a new single terminal and additional gates to accommodate future growth, while improving operations, customer experience and environmental sustainability. Construction is underway and the new facilities are scheduled to open in phases starting in 2018.
El documento describe brevemente los sistemas operativos más conocidos como DOS, Windows 3.1, Windows 95, Windows NT, OS/2, Mac OS y Unix. Explica sus características principales como interfaz gráfica, soporte de 32 bits, multitarea, redes y multiusuario.
Este documento presenta una actividad sobre la búsqueda y gestión de información en la web. Explica diferentes tipos de búsquedas como frases exactas, restricciones de palabras, rangos, definiciones, diferentes tipos de archivos para el mismo tema, y búsquedas en sitios específicos. Describe cómo usar operadores como comillas, guiones, tildes y "site:" para realizar búsquedas más efectivas. Concluye que los operadores de búsqueda ayudan a encontrar información de manera clara, rápida y prec
Many professionals wonder how to make lasting healthy changes to their diet and lifestyle that become habits. This presentation explains how to do that with small tweaks and upgrades that add up to permanent results.
Orlando International Airport handles over 35 million passengers annually, making it the second busiest airport in Florida. It is currently undergoing renovations and expansions, including construction of a new South Terminal Complex to accommodate growing passenger traffic. The airport has four airsides accessible from the main terminal building via elevated people movers, and serves as a hub for several domestic and international airlines.
El Salvador has an emerging aircraft maintenance cluster centered around Aeroman, an MRO facility located at Comalapa International Airport. The cluster benefits from low-cost labor and tax incentives. It aims to attract more aviation-related companies and expand Aeroman's facilities. Government support through job training programs and investment promotion will help strengthen El Salvador's position as a regional aviation services hub.
Franck Curtin has over 40 years of experience in sales, marketing, and logistics in the aviation and cargo industries. He has held leadership roles such as President of Development and Production at Airbus Industrie, where he helped establish the Global Cargo Network, a worldwide airport system and cargo database. More recently, he has advised the chairman of SOLIDTEAM Air Cargo and conducted research and development for various cargo airports. Curtin has an extensive professional network and track record of developing new business opportunities in the global aviation and logistics sectors.
Since the birth of flight in 1903, air travel has emerged as a crucial means of transportation for people and products. The hundred-plus years following the invention of the first aircraft have brought about a revolution in the way people travel. The airline business is a major industry, relied upon by millions not only for transportation but also as a way of making a living.
William Boeing and George Westervelt founded Boeing in Seattle, Washington in 1916. Boeing is now the world's largest aerospace company and manufacturer of commercial jetliners and defense, space and security systems. Some of Boeing's most innovative aircraft include the 747 jumbo jet, the 787 Dreamliner which was the first airliner to use composite materials as its primary material, and rockets used in NASA's Apollo program. Boeing has experienced steady revenue growth from $61.5 billion in 2006 to $86.6 billion in 2013. Its forecasts predict strong global demand for new aircraft through 2033 driven by economic and passenger traffic growth.
Cecil Airport & Spaceport Marketing Plan 2015-2017MattBocchinoAAE
This document provides a marketing plan for Cecil Airport and Spaceport for 2015-2017. It begins with an introduction describing the growth of the airport and spaceport. It then presents a situational analysis, including competitive advantages like long runways and available land. Goals and objectives are outlined to guide marketing efforts. The budget and year one targets are also summarized. The plan aims to help define the brand identity of the airport and spaceport by leveraging their strengths.
Air transport began with early commercial aircraft in the 1930s and saw significant growth over the following decades as aircraft capacity increased. Key developments included long-range aircraft in the 1950s-1970s and twin engine aircraft in the 1970s-1990s. Major international air routes and domestic US routes now connect major city pairs worldwide. Climate change may impact air travel through increased heat, rainfall, storms and turbulence, requiring adaptations to infrastructure and operations. Air transport provides economic and social benefits through employment, efficiency in connecting locations, and enabling increased social interaction.
Boeing is an American multinational corporation founded in 1916. It has annual revenue of $86.6 billion and is the largest exporter in the US by value. Boeing has divisions for commercial jets, defense, space, and other services. It faces competition from Airbus and struggles with problems in joint programs with NASA and delays in space programs. The case study analyzes Boeing's internal and external factors affecting its planning processes and recommends strategies for growth, innovation, and surviving competition while ensuring safety and comfort.
American Airlines, Inc. is a major U.S. airline headquartered in Fort Worth, Texas. It operates an extensive international and domestic network, with scheduled flights throughout North America, the Caribbean, South America, Europe, and Asia.
he parent company of American Airlines, AMR Corporation, filed for Chapter 11 bankruptcy protection in November 2011, and in February 2013 announced plans to merge with US Airways Group, creating the largest airline in the world. AMR and US Airways Group completed the merger on December 9, 2013, with the new holding company American Airlines Group, Inc. being listed on NASDAQ that day, although the actual integration of the airlines under a single air operator's certificate will not be completed until a much later date. The combined airline will carry the American Airlines name and branding, and will maintain the existing US Airways hubs in Charlotte, Philadelphia, and Phoenix for a period of at least five years under the terms of a settlement with the US Department of Justice and several state attorneys-genera
The document discusses business opportunities in Mexico for manufacturing and distribution operations. It outlines 10 reasons to start operations in Mexico, including access to the US market, affordable skilled labor, trade agreements, and tax incentives. It then discusses opportunities in the automotive, aerospace, and autoparts industries in Mexico and provides a 1 step process to find business opportunities through identifying purchasing needs across these industries. The document also covers 5 steps for site selection in Mexico and 5 business models for starting operations in Mexico, including finding a joint venture partner or acquiring an existing operation.
Boeing is the world's largest aerospace company founded in 1916. It operates commercial and military aircraft and defense systems. Boeing employs over 158,000 people globally and is a leading U.S. exporter. It has two main business sectors, Commercial Airplanes and Integrated Defense Systems, and operates through five principal segments. Boeing faces challenges from the global economic slowdown and changes in defense budgets but maintains a strong order backlog and focus on innovation.
The proposed Canadian Motor Speedway project in Fort Erie, Ontario would develop an $150 million racetrack with ancillary commercial and industrial buildings on 820 acres of land. It would host various motorsport events for up to 100,000 spectators and include a 1-mile oval track connected to a 2.6 mile road course. The development is expected to generate over 800 jobs and $30 million annually in tax revenue for governments while boosting the local economy through tourism spending. Research on fuels, materials and powertrains would also occur on site through a partnership with McMaster University.
Southwest Airlines has grown significantly but its cost advantage over competitors has decreased in recent years. Fuel costs and labor costs are major expenses for the airline. Threats include increasing fuel prices, competition from other low-cost carriers like JetBlue that are adopting similar business models, and alternative forms of transportation. Southwest has maintained success by focusing on low fares, point-to-point routes, and high customer satisfaction. It will need to continue finding new ways to optimize costs and revenues to deal with industry challenges.
This document discusses the emerging commercial space market and provides an overview of the current state and future opportunities. Key points:
1. The current suborbital market includes human spaceflight experiences via companies like Virgin Galactic and non-human payloads launched by companies like UP Aerospace.
2. Orbital flights for non-human payloads are an emerging opportunity through programs like NASA's COTS initiative. Human orbital flights are envisioned for the future.
3. New spaceports are being developed worldwide to support both suborbital and orbital commercial spaceflight activities. The market leaders are establishing standards and approaches that others will likely follow.
A report on merger & acquisition of unitedAmit Kumar
The document summarizes a report on the merger between United Airlines and Continental Airlines. It provides details on the structure of the deal, including that shareholders of Continental received 1.05 shares of UAL stock for each Continental share. It evaluates that combining the two airlines will create the world's biggest airline by passenger miles flown. It also notes potential cost savings of over $1 billion annually from the merger. The view is provided that the deal could succeed by delivering efficiencies, but challenges remain from low-cost carrier competition given both airlines are full-service carriers.
United airlines presentation final_may2010Gregory Stamp
United Airlines was established in 1926 and has grown through mergers and acquisitions to become a global airline. It currently operates over 3,300 flights per day and employs around 47,000 people. While United has faced challenges including bankruptcy in 2002, it has also achieved successes such as being a founding member of the Star Alliance network. Looking ahead, United's future challenges include maintaining liquidity amid economic uncertainty and coping with high fuel costs.
The aerospace industry was worth $838 billion globally in 2017, with commercial aircraft production making up 61% of the industry at $180.3 billion. In 2018, the value of new commercial aircraft was projected to be $270.4 billion. The document then provides details on key players in the commercial aerospace industry such as Boeing, Airbus, and Embraer. It discusses factors affecting the industry and provides a history of Boeing, including impacts from the Boeing 737 MAX issues, such as significant losses, undelivered orders, and effects on suppliers. Finally, it outlines actions Boeing is taking to address the 737 MAX issues through software updates, training improvements, and global outreach.
1) Airbus developed the A380 superjumbo jet in response to the market need for larger aircraft to serve high-traffic routes between emerging markets. 2) Boeing's Sonic Cruiser project was an attempted response to the A380, but it was cancelled due to market pressures favoring more fuel efficient aircraft. 3) Game theory principles like the prisoner's dilemma were factors in the strategic decisions by Airbus and Boeing, as each tried to avoid being left behind if the other moved first to develop very large aircraft.
The document provides an overview of the global commercial aircraft manufacturing industry, outlining the major players such as Airbus and Boeing, competitor companies like Embraer and Bombardier, as well as key details on pricing, deliveries, orders, competition, suppliers, trade, and the future outlook of the industry. It analyzes the industry structure, market shares of leading manufacturers, and discusses factors influencing the consolidated nature and global scale of commercial aircraft production.
Urban air mobility (UAM) uses electric vertical take-off and landing (eVTOL) aircraft to provide air transportation services within urban areas. It has the potential to reduce traffic congestion and transportation costs. Realizing UAM faces challenges including battery limitations, noise issues, safety and certification concerns, and the need for supporting infrastructure and regulations. Recent technological advances and industry partnerships aim to develop solutions to overcome these challenges and enable UAM services to launch in the coming years.
Franck Curtin has over 40 years of experience in sales, marketing, and logistics in the aviation and cargo industries. He has held leadership roles such as President of Development and Production at Airbus Industrie, where he helped establish the Global Cargo Network, a worldwide airport system and cargo database. More recently, he has advised the chairman of SOLIDTEAM Air Cargo and conducted research and development for various cargo airports. Curtin has an extensive professional network and track record of developing new business opportunities in the global aviation and logistics sectors.
Since the birth of flight in 1903, air travel has emerged as a crucial means of transportation for people and products. The hundred-plus years following the invention of the first aircraft have brought about a revolution in the way people travel. The airline business is a major industry, relied upon by millions not only for transportation but also as a way of making a living.
William Boeing and George Westervelt founded Boeing in Seattle, Washington in 1916. Boeing is now the world's largest aerospace company and manufacturer of commercial jetliners and defense, space and security systems. Some of Boeing's most innovative aircraft include the 747 jumbo jet, the 787 Dreamliner which was the first airliner to use composite materials as its primary material, and rockets used in NASA's Apollo program. Boeing has experienced steady revenue growth from $61.5 billion in 2006 to $86.6 billion in 2013. Its forecasts predict strong global demand for new aircraft through 2033 driven by economic and passenger traffic growth.
Cecil Airport & Spaceport Marketing Plan 2015-2017MattBocchinoAAE
This document provides a marketing plan for Cecil Airport and Spaceport for 2015-2017. It begins with an introduction describing the growth of the airport and spaceport. It then presents a situational analysis, including competitive advantages like long runways and available land. Goals and objectives are outlined to guide marketing efforts. The budget and year one targets are also summarized. The plan aims to help define the brand identity of the airport and spaceport by leveraging their strengths.
Air transport began with early commercial aircraft in the 1930s and saw significant growth over the following decades as aircraft capacity increased. Key developments included long-range aircraft in the 1950s-1970s and twin engine aircraft in the 1970s-1990s. Major international air routes and domestic US routes now connect major city pairs worldwide. Climate change may impact air travel through increased heat, rainfall, storms and turbulence, requiring adaptations to infrastructure and operations. Air transport provides economic and social benefits through employment, efficiency in connecting locations, and enabling increased social interaction.
Boeing is an American multinational corporation founded in 1916. It has annual revenue of $86.6 billion and is the largest exporter in the US by value. Boeing has divisions for commercial jets, defense, space, and other services. It faces competition from Airbus and struggles with problems in joint programs with NASA and delays in space programs. The case study analyzes Boeing's internal and external factors affecting its planning processes and recommends strategies for growth, innovation, and surviving competition while ensuring safety and comfort.
American Airlines, Inc. is a major U.S. airline headquartered in Fort Worth, Texas. It operates an extensive international and domestic network, with scheduled flights throughout North America, the Caribbean, South America, Europe, and Asia.
he parent company of American Airlines, AMR Corporation, filed for Chapter 11 bankruptcy protection in November 2011, and in February 2013 announced plans to merge with US Airways Group, creating the largest airline in the world. AMR and US Airways Group completed the merger on December 9, 2013, with the new holding company American Airlines Group, Inc. being listed on NASDAQ that day, although the actual integration of the airlines under a single air operator's certificate will not be completed until a much later date. The combined airline will carry the American Airlines name and branding, and will maintain the existing US Airways hubs in Charlotte, Philadelphia, and Phoenix for a period of at least five years under the terms of a settlement with the US Department of Justice and several state attorneys-genera
The document discusses business opportunities in Mexico for manufacturing and distribution operations. It outlines 10 reasons to start operations in Mexico, including access to the US market, affordable skilled labor, trade agreements, and tax incentives. It then discusses opportunities in the automotive, aerospace, and autoparts industries in Mexico and provides a 1 step process to find business opportunities through identifying purchasing needs across these industries. The document also covers 5 steps for site selection in Mexico and 5 business models for starting operations in Mexico, including finding a joint venture partner or acquiring an existing operation.
Boeing is the world's largest aerospace company founded in 1916. It operates commercial and military aircraft and defense systems. Boeing employs over 158,000 people globally and is a leading U.S. exporter. It has two main business sectors, Commercial Airplanes and Integrated Defense Systems, and operates through five principal segments. Boeing faces challenges from the global economic slowdown and changes in defense budgets but maintains a strong order backlog and focus on innovation.
The proposed Canadian Motor Speedway project in Fort Erie, Ontario would develop an $150 million racetrack with ancillary commercial and industrial buildings on 820 acres of land. It would host various motorsport events for up to 100,000 spectators and include a 1-mile oval track connected to a 2.6 mile road course. The development is expected to generate over 800 jobs and $30 million annually in tax revenue for governments while boosting the local economy through tourism spending. Research on fuels, materials and powertrains would also occur on site through a partnership with McMaster University.
Southwest Airlines has grown significantly but its cost advantage over competitors has decreased in recent years. Fuel costs and labor costs are major expenses for the airline. Threats include increasing fuel prices, competition from other low-cost carriers like JetBlue that are adopting similar business models, and alternative forms of transportation. Southwest has maintained success by focusing on low fares, point-to-point routes, and high customer satisfaction. It will need to continue finding new ways to optimize costs and revenues to deal with industry challenges.
This document discusses the emerging commercial space market and provides an overview of the current state and future opportunities. Key points:
1. The current suborbital market includes human spaceflight experiences via companies like Virgin Galactic and non-human payloads launched by companies like UP Aerospace.
2. Orbital flights for non-human payloads are an emerging opportunity through programs like NASA's COTS initiative. Human orbital flights are envisioned for the future.
3. New spaceports are being developed worldwide to support both suborbital and orbital commercial spaceflight activities. The market leaders are establishing standards and approaches that others will likely follow.
A report on merger & acquisition of unitedAmit Kumar
The document summarizes a report on the merger between United Airlines and Continental Airlines. It provides details on the structure of the deal, including that shareholders of Continental received 1.05 shares of UAL stock for each Continental share. It evaluates that combining the two airlines will create the world's biggest airline by passenger miles flown. It also notes potential cost savings of over $1 billion annually from the merger. The view is provided that the deal could succeed by delivering efficiencies, but challenges remain from low-cost carrier competition given both airlines are full-service carriers.
United airlines presentation final_may2010Gregory Stamp
United Airlines was established in 1926 and has grown through mergers and acquisitions to become a global airline. It currently operates over 3,300 flights per day and employs around 47,000 people. While United has faced challenges including bankruptcy in 2002, it has also achieved successes such as being a founding member of the Star Alliance network. Looking ahead, United's future challenges include maintaining liquidity amid economic uncertainty and coping with high fuel costs.
The aerospace industry was worth $838 billion globally in 2017, with commercial aircraft production making up 61% of the industry at $180.3 billion. In 2018, the value of new commercial aircraft was projected to be $270.4 billion. The document then provides details on key players in the commercial aerospace industry such as Boeing, Airbus, and Embraer. It discusses factors affecting the industry and provides a history of Boeing, including impacts from the Boeing 737 MAX issues, such as significant losses, undelivered orders, and effects on suppliers. Finally, it outlines actions Boeing is taking to address the 737 MAX issues through software updates, training improvements, and global outreach.
1) Airbus developed the A380 superjumbo jet in response to the market need for larger aircraft to serve high-traffic routes between emerging markets. 2) Boeing's Sonic Cruiser project was an attempted response to the A380, but it was cancelled due to market pressures favoring more fuel efficient aircraft. 3) Game theory principles like the prisoner's dilemma were factors in the strategic decisions by Airbus and Boeing, as each tried to avoid being left behind if the other moved first to develop very large aircraft.
The document provides an overview of the global commercial aircraft manufacturing industry, outlining the major players such as Airbus and Boeing, competitor companies like Embraer and Bombardier, as well as key details on pricing, deliveries, orders, competition, suppliers, trade, and the future outlook of the industry. It analyzes the industry structure, market shares of leading manufacturers, and discusses factors influencing the consolidated nature and global scale of commercial aircraft production.
Urban air mobility (UAM) uses electric vertical take-off and landing (eVTOL) aircraft to provide air transportation services within urban areas. It has the potential to reduce traffic congestion and transportation costs. Realizing UAM faces challenges including battery limitations, noise issues, safety and certification concerns, and the need for supporting infrastructure and regulations. Recent technological advances and industry partnerships aim to develop solutions to overcome these challenges and enable UAM services to launch in the coming years.
Similar to New Southeast U.S. Aerospace Cluster (bordeaux presentation) (20)
How to Make a “Soft Landing” in the United StatesEliot Norman
This document discusses legal services from Williams Mullen for foreign direct investment and startups. It addresses questions about legal structures like corporations and LLCs, visas, taxes, intellectual property protection, and provides a fixed monthly fee solution that covers legal needs for the first six months. An example is given of setting up a smartphone app company with entities in the US, Canada and Mexico to employ qualified foreign personnel. Contact information is provided for two partners to assist with foreign direct investment and immigration legal needs.
This document provides information on financing foreign direct investment projects in the United States. It discusses various options for obtaining financing in the initial years of a project, including using equity from the parent company or obtaining loans from the parent company, parent company's bank, or a U.S.-based bank. It also discusses obtaining longer term local financing after a few years of successful operations. The document provides advice on selecting banking partners and monitoring financial activities in the U.S.
WILLIAMS MULLEN 律师事务所 EB-5 绿卡常见问题 (常见问题解答)Eliot Norman
The document discusses the key elements of the EB-5 Green Card program through a set of frequently asked questions (FAQs). The EB-5 Green Card provides permanent resident status in the US and requires an investment of $500,000 and job creation. Investors can obtain Green Cards by investing in commercial enterprises associated with approved EB-5 regional centers, which allows both direct and indirect jobs to count towards requirements. Benefits for companies include raising capital at low rates by having foreign investors contribute to US partnerships and projects. Eligible recipients include the investor, spouse and unmarried children under 21.
WILLIAMS MULLEN 律师事务所 EB-5 绿卡常见问题 (常见问题解答)Eliot Norman
The document discusses the key elements of the EB-5 Green Card program through a set of frequently asked questions (FAQs). The EB-5 Green Card provides permanent resident status in the US and requires an investment of $500,000 and job creation. Investors can obtain Green Cards by investing in commercial enterprises associated with approved EB-5 regional centers, which allows for counting of both direct and indirect jobs created. The program benefits companies by providing access to capital for expansion. Those eligible for Green Cards include the investor, spouse, and unmarried children under 21.
Les 10 FAQ: S'Implanter aux Etats-Unis Eliot Norman
un guide pratique aux questions les plus frequemment posee sur les implantations aux Etats-Unis: visas, contrats, incorporation, PI, impots, droit social.
EB-1 Strategy for Green Cards如何申请 EB-1 绿卡 (Legal Permanent Residency in the U...Eliot Norman
Guide to investing in the USA for Chinese Investors. In Chinese and English. EB-1 direct investments and Eb-5.EB-1 Strategy for Green Cards如何申请 EB-1 绿卡 (Legal Permanent Residency in the USA 在美合法永久居住权)
This document outlines various visa categories for Americans. It begins with long term visa options like the L-1 visa for managers and executives transferring within companies. It then lists other professional visas like H-1B, O-1, and TN visas. Below these are student and cultural exchange visas as well as short term visitor visas. The document also lists various green card paths including those for multinational executives, outstanding researchers, skilled professional workers, and family sponsorship through marriage or diversity lottery. Business visitor visas are outlined that allow negotiating contracts, consulting, and training for 6 month projects.
Access to the High Tech Market in the United States: Aides les entreprises fr...Eliot Norman
The document discusses legal strategies for French companies to successfully establish and grow their operations in the United States. It recommends choosing the optimal corporate structure, securing necessary visas for key personnel, understanding government regulations, carefully managing contracts, and working with experienced legal advisors. The rest of the document provides more details on these topics, such as types of visas, partnership structures like joint ventures, and intellectual property protection.
intellectual property considerations for French Start-ups in the USA Eliot Norman
This document provides an overview of intellectual property (IP) protection and licensing for emerging companies in the United States. It discusses evaluating existing IP rights, protecting IP through trademarks, copyrights, patents and trade secrets, licensing IP safely through contracts, and complying with data privacy laws. Costs to obtain IP protections like trademarks and patents in the US range from $1,200 to over $20,000 depending on the type of filing. Key considerations for licensing include defining the licensed IP, payment structures, liability, applicable law and limitations.
10 faq for foreign companies establishing operations in the united statesEliot Norman
THese Frequently asked questions (FAQ) cover corporate formation, protection of Intellectual property, contracts, visas, taxes and more. A checklist of what you need to consider before setting up a company in the USA.
Part 2 Deep Dive: Navigating the 2024 Slowdownjeffkluth1
Introduction
The global retail industry has weathered numerous storms, with the financial crisis of 2008 serving as a poignant reminder of the sector's resilience and adaptability. However, as we navigate the complex landscape of 2024, retailers face a unique set of challenges that demand innovative strategies and a fundamental shift in mindset. This white paper contrasts the impact of the 2008 recession on the retail sector with the current headwinds retailers are grappling with, while offering a comprehensive roadmap for success in this new paradigm.
Industrial Tech SW: Category Renewal and CreationChristian Dahlen
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
SATTA MATKA SATTA FAST RESULT KALYAN TOP MATKA RESULT KALYAN SATTA MATKA FAST RESULT MILAN RATAN RAJDHANI MAIN BAZAR MATKA FAST TIPS RESULT MATKA CHART JODI CHART PANEL CHART FREE FIX GAME SATTAMATKA ! MATKA MOBI SATTA 143 spboss.in TOP NO1 RESULT FULL RATE MATKA ONLINE GAME PLAY BY APP SPBOSS
Implicitly or explicitly all competing businesses employ a strategy to select a mix
of marketing resources. Formulating such competitive strategies fundamentally
involves recognizing relationships between elements of the marketing mix (e.g.,
price and product quality), as well as assessing competitive and market conditions
(i.e., industry structure in the language of economics).
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Tastemy Pandit
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Top mailing list providers in the USA.pptxJeremyPeirce1
Discover the top mailing list providers in the USA, offering targeted lists, segmentation, and analytics to optimize your marketing campaigns and drive engagement.
Event Report - SAP Sapphire 2024 Orlando - lots of innovation and old challengesHolger Mueller
Holger Mueller of Constellation Research shares his key takeaways from SAP's Sapphire confernece, held in Orlando, June 3rd till 5th 2024, in the Orange Convention Center.
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...my Pandit
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
IMPACT Silver is a pure silver zinc producer with over $260 million in revenue since 2008 and a large 100% owned 210km Mexico land package - 2024 catalysts includes new 14% grade zinc Plomosas mine and 20,000m of fully funded exploration drilling.
Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
Editable Toolkit to help you reuse our content: 700 Powerpoint slides | 35 Excel sheets | 84 minutes of Video training
This PowerPoint presentation is only a small preview of our Toolkits. For more details, visit www.domontconsulting.com
Understanding User Needs and Satisfying ThemAggregage
https://www.productmanagementtoday.com/frs/26903918/understanding-user-needs-and-satisfying-them
We know we want to create products which our customers find to be valuable. Whether we label it as customer-centric or product-led depends on how long we've been doing product management. There are three challenges we face when doing this. The obvious challenge is figuring out what our users need; the non-obvious challenges are in creating a shared understanding of those needs and in sensing if what we're doing is meeting those needs.
In this webinar, we won't focus on the research methods for discovering user-needs. We will focus on synthesis of the needs we discover, communication and alignment tools, and how we operationalize addressing those needs.
Industry expert Scott Sehlhorst will:
• Introduce a taxonomy for user goals with real world examples
• Present the Onion Diagram, a tool for contextualizing task-level goals
• Illustrate how customer journey maps capture activity-level and task-level goals
• Demonstrate the best approach to selection and prioritization of user-goals to address
• Highlight the crucial benchmarks, observable changes, in ensuring fulfillment of customer needs
Recruiting in the Digital Age: A Social Media MasterclassLuanWise
In this masterclass, presented at the Global HR Summit on 5th June 2024, Luan Wise explored the essential features of social media platforms that support talent acquisition, including LinkedIn, Facebook, Instagram, X (formerly Twitter) and TikTok.
2. THE NEW
AEROSPACE
CLUSTER IN THE
SOUTHEAST USA
Eliot NormanEliot Norman
Williams MullenWilliams Mullen
www.williamsmullen.comwww.williamsmullen.com
enorman@williamsmullen.comenorman@williamsmullen.com
001/804.420.6000001/804.420.6000
Washington, DC USAWashington, DC USA
John Elink-Schuurman
Managing Director-Europe
Business Attraction
Virginia Economic Development Partnership
Phone: 804-545-5756
Mobile: 804-305-1756
jelink-schuurman@yesvirginia.org
www.yesvirginia.org
2
4. Des notions essentielles :
exemples des journaux
• Walll Street Journal: Observation d’un
Belge
(Olivier Legrain, CEO , Ion Beam
applications) (proton therapy): « the
entreprenurial spirit—to me, is part of
the DNA of America)
• Le Figaro: Gaz de Schiste (USA)
4
10. THE NEW
AEROSPACE
CLUSTER IN THE
SOUTHEAST USA
Part 2: Les NouvellesPart 2: Les Nouvelles
OpportunitésOpportunités
10
11. • Mobile, AL (Airbus)
• Melbourne, FL (Embr)
• Savannah, GA (Gulfstream-General Dynamics)
• Charleston, SC (Boeing)
• Greensboro, NC (Hondajet)
• Durham, NC (GE Aviation)
• Prince George, VA (Rolls-Royce) 11
12. INVESTMENTS
• Gulfstream – Savannah, GA
– Announced in 1966 and has grown since
– By 1982, 2,500 employees
– 2006: $400 million 7-year plan to expand
manufacturing and service facilities (additional
1,100 jobs)
– Research and Development Center – 750
employees
– 2007: additional manufacturing and engineering
buildings
– 2010: $500 million 7-year expansion (additional
1,000 employees)
12
13. INVESTMENTS
• Hondajet – Greensboro, NC
– $60 million/300 jobs for HQ
– $80 million/419 jobs for manufacturing
plant
– Announced February, 2007
– World headquarters and Maintenance
Repair and Overhaul (MRO) and
component parts manufacturing plant
– 500,000 square feet on 80 acres
13
14. INVESTMENTS
• GE Aviation – Durham, NC
– 320 jobs
– Announced in 1993 and has grown since
– 500,000 square feet on 500 acres
– Aircraft engines (GE90 and GEnx)
– Expansion into South Carolina: turbine
blades and airfoils
14
16. INVESTMENTS
• Rolls-Royce – Prince George, VA
– $500 million/500 jobs
– Announced November, 2007
– 1,100 acre site with “supplier park”
– First factory - $170 million / 150 jobs (180,000 s.f.)
– Manufactures turbine disc components for
Dreamliner (Boeing 787) and Airbus 380
– Second plant to be announced in 2012:
– Third factory: in near future
– Founder: Commonwealth Center for Advanced
Manufacturing (CCAM)
16
18. INVESTMENTS
• Boeing – Charleston, SC
– $750 million/3,800 jobs (some expect
greater than 6,000 jobs by 2016)
– Announced October, 2009
– 787 Dreamliner final assembly and
delivery line: deliveries began April
2012. now manufacturing interior
components
– 1.2 million square foot facility 18
19. INVESTMENTS
• Airbus - Mobile, AL
– $600 million/1,000 jobs
– Announced July, 2012
– A320 family jetliner final assembly line
– Only site in Western Hemisphere to
assemble Airbus aircraft
– Airbus and parent EADS North
American Headquarters are in Northern
Virginia
19
20. •
•Alabama
•Welcome, Airbus!
•The future home of Airbus’ U.S. A320 Family final assembly line is strategically positioned to benefit from water, road, rail and air links –
facilitating the company’s first-ever production of jetliners on American soil.
•This production facility will comprise 53 acres of buildings, aprons and roadways contained within a 116 acre site – with the option for
future expansion. The location at Mobile, Alabama’s Brookley Aeroplex places it in the middle of the Gulf Coast aerospace cluster, between
Mississippi and the Florida Panhandle.
•Being situated on Mobile Bay adjacent to the Port of Mobile will enable Airbus to deliver fully-equipped aircraft sections from the
European continent to Brookley Aeroplex via standard freight container ships.
•Some U.S.-origin parts for jetliners built at Brookley Aeroplex will be supplied directly to the facility using the Class 1 network of
railroads and interstate road system that serve the region.
•Flight testing and customer delivery of A320 Family aircraft from the U.S. final assembly line will be made at Mobile Downtown Airport,
located within the Brookley Aeroplex, which has two existing runways with lengths of 9,600 ft. and 7,800 ft.
•Airbus’ Alabama Location •Airbus Assembly Line View
•Location: Mobile, Alabama
•Announced: July 2, 2012
•Production Start: 2015
•Products: A319, A320, and A321
•aircraft
•Investment: $600 million
•Job Creation: 1,000 jobs within the
•production facility
•“The time is right for Airbus to expand
in America. Mobile is now becoming
part of Airbus’ global production
network, joining our successful and
growing assembly lines in Hamburg,
Toulouse and Tianjin.”
•- Airbus President & CEO Fabrice Bregier
• Economic Development Partnership of
Alabama www.edpa.org
21. THE NEW
AEROSPACE
CLUSTER IN THE
SOUTHEAST USA
Part 3: Les OpportunitésPart 3: Les Opportunités
SupplémentairesSupplémentaires
• Government Business
• HQ for U.S. Operations
• Space Sector
• Using Southeast as
Manufacturing
Center for Worldwide
Exports 21
22. Its not just about Commercial
Business
• Department of Defense Dollars and Military
• Orientation of Boeing, EADS, Government sales
• Virginia $56+ Billion #1 among 50 States, 5,000 Defense
Contractors in Virginia
– Defense Contractors HQ Northern Virginia:
General Dynamics, Northrup Grumman, Boeing
SAIC, Booz Allen, CACI, CSC, Raytheon, Thales,etc.
• So Locate where the decisions are made
• South Carolina $3 Billion
• Alabama $10 Billion Alabama : Huntsville
Aerospace/Defense Community Huntsville Marshall Space Flight
Center
• Consider State Government Business (50 Customers)
22
24. HQ: Fairfax County (Va)
Location
• Prime US east coast
location.
• Washington, D.C. metro
area
• 60% of the U.S.
population within one to
two-hour flight of Fairfax
County:
• Washington-Baltimore-
Northern Virginia area is
4th largest US market
• Immediate ACCESS to
U.S. Government and
Dept. of Defense
• (Population 8.7 million)
24
30. Case Example: Huntsville
Alabama
• Marshall Space Flight Center
– Responsable for launch vehicles, propulsion
systems, space station programs
– Heritage: Werner Von Braun and Redstone
Arsenal (U.S. Army): Saturn V Rocket, Apollo
4, rocket boosters for Space Shuttles
– 400 aerospace/defense companies
– Boeing, Lockheed Martin, SAIC, Northrup
Grumman, Raytheon, Teledyne Brown
30
31. Case Example: Space in
Virginia and NASA
• Space launches from NASA Wallops Flight Facility –
Mid-Atlantic Regional Spaceport (MARS)
• $145 investment in launch pad by Virginia
Government
• Orbital: 10 Missions with Antares Rockets to
International Space Station Begin April 2013
• Space systems integration expertise at
NASA Langley Research Center
• Orbital Sciences Corporation manufactures
satellites near Dulles Airport, Virginia
31
32. Aerospace Exports from the United States:
Another Reason to Manufacture “ dans la Zone
Dollar”?
• A growth opportunity
• Comment y participer?
• Size of U.S. Aerospace Exports Market: $85
Billion
• 72% of all civil aircraft and component
production: exported from the USA
• 42% of all U.S. aerospace production is exported
• Positive Trade Balance: $44 Billion for U.S.
Aerospace Industry
• Southeast mirrors national figures
32
34. Southeast: Center for Exports
• Supply Chain Logistics
• Volatility of Currency Exchange Rates
– Dollars against the Euro
• Contracts: in Dollars
• Lower Production Costs than EU
• Government Incentives favoring
Exports
– Foreign Trade Zones (FTZ)
– Export-Import Bank www.exim.gov 34
35. IC DISC Structure
Summary of Benefits
1. IC DISC can be paid commissions
• Statutory formula – not required to be Arms
Length
• Greater of - 4% of gross export sales from the
USA, or 50% of taxable income on those sales
2. Can get Rate Arbitrage
• Commission deduction – up to 40% benefit (Fed &
States)
• Payment from IC DISC to Qualified Foreign Co –
likely zero Withholding Tax.
• Replaces dividends from fully taxed income of
ABC Aerospace, Inc. (USA) with deductible
commissions followed by Dividend from IC-DISC
3. IC DISC may also be used for export finance
• May receive factoring fees of 2-3%
• Additional Commission $3M for $100M export
sales, resulting in additional $1.2M tax savings
Issues
1. Need to structure properly to get rate benefit
ABC Aerospace SA
(Toulouse)
ABC Aerospace USA
Inc. (South Carolina)
(deducts Commissions)
IC DISC (ABC Exports, Inc.
Non-taxable
(South Carolina)
Commissions
Dividends
Bottom Line: Reduce U.S. Taxes on Exports by 35% to 40%.
36. IC DISC Structure – Illustrative Example
Summary of Calculation
1. IC DISC calculates commissions
• Determines Export Sales and related COGS
• Assumed 25% Gross profit here
• Allocates and Apportions SG&A
• Assumed 10% SG&A on export sales
2. IC DISC receives commissions
• 50% of taxable income on export sales
3. IC-DISC may also receive factoring Income
4. IC-DISC is not taxed on its profits
5. IC DISC pays dividend to foreign owner
• Payment from IC DISC to Qualified Foreign Co –
likely five percent or zero Withholding Tax.
Issues
1. Maximization of benefits needs to be calculated correctly
IC-DISC
12/31/2012
TAX IMPACT OF DISC
No detail considered - 25% Gross Profit
Sales 100,000,000
COGS (75,000,000)
Gross profit 25,000,000
S.G.& A. * (10,000,000)
Net income 15,000,000
Commission calculation:
4% of sales 1 4,000,000
50% of profits 2 7,500,000
Commission (greater of 1 or 2) 7,500,000
= Taxable income of IC-DISC
Tax benefit C-Corp 40.0% 3,000,000
Dividend withholding tax ** 5.0% (375,000)
Tax savings Fed & states 2,625,000
(Based on 0% Dividend W/H Rate)
* SG&A on export sales generally less as exclusions apply
Assumed overall net profit achievable on exports 15%.
** Based on 5% withholding Tax
For Illustration Purposes only
37. • IC DISC provisions have been in US tax code since 1971
• IC DISC is nontaxable and can be owned by a non-US company
• If IC DISC owner is owned by a shareholder who has a treaty with the USA that
was ratified after 1984 the tax treaty would control the taxation of the dividend paid
from the IC DISC to its parent – last in time rule
• Under certain circumstances the US / Denmark treaty the withholding tax rate is
zero
How an IC-DISC works:
• IC DISC ABC Exports, Inc. is formed as a sister company to ABC Aerospace
USA , Inc.
• ABC Aerospace USA, Inc. pays IC-DISC ABC Exports, Inc. a commissionon on
exports
• ABC Aerospaced USA , Inc. deducts commission from ordinary income taxed at
35 percent federal tax (possibly it is also deductible for state tax purposes)
• IC-DISC ABC Exports, Inc. pays no tax on the commissions on exports
• IC DISC can pay a dividend to ABC Aerospace SA, Toulouse, France, effectively
repatriating 50% of the profits on Exports to France
• Result is 35 – 40% percent tax savings on commissions and substantial subsidy
to finance exports or other operations of ABC Aerospace USA, Inc. in the United
States.
Summary of IC DISC “Incitations Fiscales”
38. Conclusion : Les Opportunites
dans le Sud-Est des USA
1. Boeing, Embraer, Rolls Royce, Airbus, General
Dynamics, GE/Honda, GE, etc.
2. Defense Department Business & 50 States
3. Establish an HQ for commercial and government
business near Washington D.C.
4. Worldwide Manufacturing Center for Exports
« avec les incitations fiscales du gouvernement
federal »
5. Space and Aerospace
6. Multiple Customer Market:
38
39. PART 4: WHY THE SOUTHEAST?
Answer: The 50 States:
are not all the same.
No Accident: New Aerospace
Cluster Is in the Southeast
39
40. WHY THE SOUTHEAST?
• Quality of Life
– low crime rate
– availability/quality of
health care
– cost of living
– recreational opportunities
– cultural opportunities
– quality of education (K-12 & universities)
– housing opportunities and costs 40
41. THE NEW
AEROSPACE
CLUSTER IN THE
SOUTHEAST USA
Part 4: Pourquoi LePart 4: Pourquoi Le
Southeast?Southeast?
John-Elink SchuurmanJohn-Elink Schuurman
Directeur,Directeur,
Virginia Economic DevelopmentVirginia Economic Development
PartnershipPartnership
41
42. WHY THE SOUTHEAST?
Top states for business(Virginia)
Forbes.com CNBC Pollina Corporate Real Estate, Inc.
#2 Best States for Business #3 Top States for Business #2 Most Business Friendly State
Forbes.com
•Business costs
•Labor Supply
•Regulatory Environment
•Economic Climate
•Growth Prospects
•Quality of Life
CNBC
•Cost of Doing Business
•Workforce
•Quality of Life
•Economy
•Transportation & Infrastructure
•Technology & Innovation
•Education
•Business Friendliness
Pollina
•19 business climate categories including
taxes, human resources, right-to-work
legislation, energy costs, infrastructure
spending, worker compensation
legislation, and jobs lost or gained
•13 state government-controlled factors
such as financial incentive programs and
state economic development department
evaluations
42
45. WHY THE SOUTHEAST?
• Sites
– availability of sites, including airport
sites
– need large sites
– under control
– engineered, etc.
– all utilities
– rail access, etc.
45
46. WHY THE SOUTHEAST?
• Lower operating costs
– electricity costs 5.9
cents per KW Hour (SC)
6.15 cents per KW Hour (VA)
California (9.2 cents) New York (12.49 cents)
– lower taxes
– land costs (often donated)
– lower workers’ compensation rates
– lower unemployment insurance rates 46
47. Why the Southeast
• Transportation assets: Southeast may be
#1in USA
– Ports: Norfolk, Charleston, Mobile,
Savannah : deep water, supply chain
advantages. Panamax at Norfolk
– Airports:
• VA: 9 commercial, 57 general aviation, 47 FAA repair
facilities, MRO firms employ 1400 persons
• Dulles International: 34% lower costs for air cargo
than JFK in NY, next day service to Southeast
• Alabama: airports important for Airbus and MRO:
(Mobile 6,000 ft and 7,000 ft runways)
– Roads I-55, I-95, I-85 I-77 (multiple interstates)
– Rail (Norfolk Southern and CSX) 47
48. A look at the Map
48
SAME DAY DELIVERIES THROUGHOUT
THE SOUTHEAST
49. WHY THE
SOUTHEAST?
Government = pro-
business
Yes, there are variations among theYes, there are variations among the
states in terms ofstates in terms of
• regulation of businessregulation of business
• encouraging businessencouraging business
49
50. WHY THE SOUTHEAST?
• Pro-business regulatory environment
– taxation
– environmental
– OSHA
– government “attitude” is friendly toward
manufacturing
– Legal issues (to discuss later)
50
51. WHY THE SOUTHEAST?
• Right to work States
– important consideration
– Union penetration 2% to 4%
– all Southeastern US states have right to
work laws
51
52. WHY THE SOUTHEAST?
• Workforce
– skilled trades
– training programs
– community colleges
– availability of workers
52
54. Workforce Advantages :
Example of South Carolina
• Right to work state
• Rate of unionization in manufacturing: 1.6%: 2nd
lowest in USA
• Low cost business-friendly climate
• 180 related aerospace companies,
– 20,000 workers
• South Carolina a été classé No.1 à l’échelon national pour
sa part de main-d’œuvre employée par des entreprises
étrangères. En 2009, les investissements étrangers
représentaient 19% du capital d’investissement et 13% des
emplois totaux créés.
54
55. Workforce Advantages:
Example of Virginia
• Right to Work State
• 8,900 people in Virginia make aerospace
products
• 4,000 people in Virginia make composite
products
• 5,300 people in Virginia work in machine
shops
• TOTAL AEROSPACE Workforce: 29,200 at
230 firms 55
56. WHY THE SOUTHEAST?
• Large Number of Graduates from
University Engineering Programs
• NASA (provides a highly qualified
aerospace engineering pool)
– NASA Langley (VA)
– NASA Stennis (AL)
– NASA Melbourne (FL) 56
57. Part Five: What
Methodology and
Analysis Should
Apply to a Decision
to Locate within the
Southeast Aerospace
Cluster ?
Key Factors:Key Factors:
Long-term not short-term;Long-term not short-term;
Can you be competitive?Can you be competitive?
Innovation and R&D;Innovation and R&D;
Avoid dependence on 1 customer;Avoid dependence on 1 customer;
Multiple Markets and Customers:Multiple Markets and Customers:
Government &, Commercial;Government &, Commercial;
Incentives and Long-Term BusinessIncentives and Long-Term Business
CostsCosts 57
58. VIRGINIA’S COMPETITIVE COST OF DOING BUSINESS
USE THIS CHART FOR OTHER STATES: ALABAMA,
SC, NC, GEORGIA
Virginia
Right-to-Work Yes
6.00%
Single Sales Factor Apportionment Yes
Sales and Use Tax 5.00%
Average Workers’ Compensation Insurance for Manufacturers
(VA 44% lower than National Avg., 4th
lowest in Nation)
(Loss cost portion for code 4484—companies engaged in composites and related
manufacturing is $1.65)
$2.09
Unemployment Insurance Tax Per Employee (VA 32% lower than National
Avg., 3rd
lowest in Nation)
$155
Average Industrial Electric Rate (cents per kilowatt hour--8% lower than national
average)
6.15
Average Price of Natural Gas Delivered to Industrial Customers
(dollars per thousand cubic feet)
6.68
State Corporate Income Tax
58
59. VIRGINIA’S AEROSPACE STRENGTHS : COMPARE
WITH OTHER STATES USING SAME CRITERIA: SOUTH
CAROLINA, ALABAMA, NC, GEORGIA, ETC.
Military
R&D
Space
Airports
MFG
59
60. INVESTMENTS
• Rolls-Royce – Prince George, VA
– $500 million/500 jobs
– Announced November, 2007
– 1,100 acre site
– First factory- $170 million / 150 jobs (180,000 s.f.)
– Manufactures discs for Dreamliner (Boeing 787);
A380.
– Second factory to be announced soon:
– Founder: Commonwealth Center for Advanced
Manufacturing (CCAM)
60
Clusters and Mini-Clusters
61. South Carolina Mini Clusters
• Aerospace Manufacturing
• More than Boeing and its direct suppliers
• 2009 GE aviation: turbine airfoils &
blades
• BAE: electronics engineering
• GKN: all composite fuselage for HondaJet light
business jet . (HondaJet is in North Carolina)
• Honeywell International
• Message: diversification of opportunities
61
63. Innovation Decision
Factors
R&DR&D
University Research CentersUniversity Research Centers
Government Research CentersGovernment Research Centers
Consortium: Business & Universities forConsortium: Business & Universities for
Advanced ManufacturingAdvanced Manufacturing
63
64. VIRGINIA’S R&D ASSETS
Defense Advanced Research
Projects Agency—directs and
conducts military research
NASA conducts aerospace
research at its Langley Research
Center and Wallops Flight
Facility
National Institute for Aerospace
—conducts research and awards
advanced degrees in aerospace
engineering through a partnership
with nine universities: Airbus
contracts with the Institute
Commonwealth Center for
Aerospace Propulsion Systems
—a joint UVA-Virginia Tech—
Rolls-Royce research effort
Virginia Modeling and
Simulation Center—applies
simulation techniques to solve
problems and provide training for
industry, military and
governments
National Center for Hypersonic
Combined Cycle Propulsion—
advances understanding of critical
mode transitions and
supersonic/hypervelocity flow
regimes of combined cycle
propulsion
The Naval Surface Warfare
Center Dahlgren Division—the
premier research and
development center for advanced
weapons system integration
64
65. R&D Alabama and Virginia
• Huntsville Cummings Research Park: 2nd
largest R&D Technology Park in USA
• National Institute of Aerospace (Virginia):
has R&D contract with AIRBUS
• Center for Aerospace Propulsion Systems:
Univ. Of Virginia, Va Tech & Rolls Royce
• NASA Research: Langley Research
Center, Wallops Flight Facility, (Boron
nitrate nanotubes, etc)
65
66. Best-in-class manufacturers & Virginia’s flagship
universities
Delivering “production-ready” manufacturing solutions while combining
the speed & ROI expectations of business with the intellectual rigor and
innovation of universities.
CCAM (Virginia)
66
67. • A global Center of Excellence in
advanced manufacturing research
– Manufacturing Systems
– Surface Engineering
• Focus on translation research
– Accelerate new technologies into
commercialization
– Reduce cost and improve quality
– Complement with workforce training
efforts
• CCAM growth in 5-10 years to:
– 10 year business plan & financial model
complete
– ~60 Employees (49 PhD Researchers)
– 35 graduate research assistants resident
at CCAM
– 35 undergraduate interns resident at
CCAM
– More than 30 Industry Members
– $15-20 Million annual research budget
Aerospace
Energy
Shipbuilding
Transportation
Electronics
Automotive
Defense
Vision
CCAM
67
68. AEROSPACE IN VIRGINIA: USE THIS TYPE OF
CHART FOR OTHER STATES: ALABAMA, SC, NC,
GEORGIA
68
70. Incentives
• Incentives: Different types
– tax credits
– cash grants / closing funds
– payroll tax rebates
– donation of land
– special legislation performance grants
(Aerospace)
– job training funds
– Enterprise Zones
– collaboration with universities 70
71. COMPARABLE PROJECTS
Project Name Why Virginia Won the Deal
Rolls-Royce Crosspointe
($501.4 million/642 jobs)
•1,000+ acre, publically-owned site zoned industrial
•Proximity to U.S. headquarters, transportation, and deep labor base
•Creativity in solving higher education & workforce development needs
•Performance grants to encourage aerospace cluster development
Canon
($623.5 million/1,032 jobs)
•Long-term relationship with the locality
•Creation of a workforce development plan heavily influenced by the
company’s needs
RTI International Metals
($100.0 million/150 jobs)
•Publically-owned, partially constructed building with expansion potential
•Ample labor force in a non-union environment
•Financial solution lowering upfront costs
Orbital
($45.0 million/125 jobs)
•Long-term relationship with the Mid-Atlantic Regional Spaceport (MARS)
•Wallops Island location allowed for a shared political support between
Virginia and Maryland
•Structured bond response
Merck
($250.0 million/70 jobs)
•Demonstrated productivity of existing workforce
•Company desire to diversify asset locations
•Virginia’s positive regulatory environment and strong relationship with
local government
71
72. Why is a State a Top state for business?
Incentives are only one consideration.
Forbes.com CNBC Pollina Corporate Real Estate, Inc.
#2 Best States for Business #3 Top States for Business #2 Most Business Friendly State
Forbes.com
•Business costs
•Labor Supply
•Regulatory Environment
•Economic Climate
•Growth Prospects
•Quality of Life
CNBC
•Cost of Doing Business
•Workforce
•Quality of Life
•Economy
•Transportation & Infrastructure
•Technology & Innovation
•Education
•Business Friendliness
Pollina
•19 business climate categories including
taxes, human resources, right-to-work
legislation, energy costs, infrastructure
spending, worker compensation
legislation, and jobs lost or gained
•13 state government-controlled factors
such as financial incentive programs and
state economic development department
evaluations
72
73. Part 6: What
Preparation and
Assistance is
Required if your
company decides to
Locate in the
Southeast?
73
74. Your Economic Development
Team
• Can assist with preparation of business plans, analysis,
using multidisciplinary experts: site selection
consultants/engineers, accountants, investment bankers,
• Choose advisors who have played key roles in major
economic development projects
• Negotiate packages of incentives for foreign multinationals
– Contract formalities
– Le diable se trouve dans les details, les garanties de nouveaux
emplois , etc., les “Performance-Based Grants”
• Evaluate competitive offers from different states, regions
and clusters
• Can assist with finding financing from Private Equity,
Commercial Lenders, or advising on M&A as strategy for
entry into the U.S. market 74
75. Your Legal Team:
Services Essentielles
• Government relations, federal, state, local
• Commercial supply contracts, subcontracts
• Government supply contracts, subcontracts
• Visas/Immigration
• Real estate, land use, environmental permits
• Corporate and tax law,
• M&A, raising capital from private equity, debt/mezzazine
financing
• Advice on imports/exports, including IC Disc for exports
• Export Controls compliance , including consultants & legal
• Supply chain logistics: international trade issues ( ALENA
ou NAFTA options)
• Labor, employment, benefits
• Intellectual Property 75
77. Conclusion
• Southeast cluster can be more than
simply another local market
• It can be your center for innovation,
R&D, networking within the cluster and
your base for worldwide exports—
subsidized by U.S. government (IC
DISC)
• With the right team to plan your start-up
and guide your business expansion,
you can participate and compete in the
dollar zone 77
78. 78
Thank You
Eliot Norman, Esq.
enorman@williamsmullen.com
www.williamsmullen.com
001/804.420.6000
Washington, DC USA
79. 79
Questions?Questions?
Eliot Norman, Esq.
enorman@williamsmullen.com
Williams Mullen
1666 K Street NW Suite 1200
Washington DC 20006
Direct Dial: 804.420.6000
www.williamsmullen.com
•John Elink-Schuurman
•Managing Director-Europe
•Business Attraction
•Virginia Economic Development Partnership
•Phone: 804-545-5756
•Mobile: 804-305-1756
•jelink-schuurman@yesvirginia.org
•www.yesvirginia.org
Editor's Notes
1-Cal Poly—San Luis/Obispo
2-Purdue University
3-(tie) University of Maryland/Rochester Institute of Technology
4-Georgia Institute of Technology