Delegation to China September 16th 27th, 2012 FAUQUIER COUNTY - - PowerPoint PPT Presentation
Washingt hington on-China China Chamber mber of Commerce mmerce Delegation to China September 16th 27th, 2012 FAUQUIER COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT PUR URPOSE POSE OF OF VI VISI SIT Establish Sister-City relationship
Establish Sister-City relationship with City of Liyang, located in the Province of Jiangsu Information Exchange Establish relationships with government
business investors Learn about economic development in southern Jiangsu Province Learn the interests
& entrepreneurs
Pe Peter er Su Virginia Governor’s Office and Assistant Secretary of Commerce and Trade Jimmy Yang President, Washington China Chamber
Terry Kilgor lgore Virginia House of Delegates and Chairman of Commerce and Labor Committee John Sample le Electronic Marketing Specialist, Virginia Department of Business Assistance Larry Joe McReynolds nolds Principal, Oliver Coal Sales, Inc. Thomas Baker Attorney and Business Affairs Manager, Kilgore Law Office Ali i Eshgh President, The Devin Group Jack k Barry President, Stone’s Cove Kitbar John Owen President, Beach Development Group Ricky ky Brow
President, RL Brown, Inc. Norman an Wear Managing Partner, UTS Management Services, LLC Sheryl l Rutledge edge Schultis ultis Attorney, Charles L. Fishman, P.C. William liam Y. Tao Investment Associate, Provident Healthcare Partners Anton
Chairman, Washington China Chamber
President, New World Times Mark k Zhou Vice President, Washington China Chamber of Commerce President, Yuhua Electric Equipment Allen len Xue Vice President/Attorney, Washington China Chamber of Commerce Founder, Anova Law Firm Yunming ing Song President, Chinese Association for Science and Technology Richa hard d Tao Secretary General, Washington China Chamber of Commerce President, Wuxi Association of Greater DC Area
drive to Jintan
The purpose of organized activities were to make introductions and build relationships among members of the delegation, government officials, and potential business investors, and provide
about economic development in southern Jiangsu.
with government officials
Intelligent Robot Technology & Application Forum, and Opening Ceremonies for the Changzhou Science & Technology Trading Fair
visiting cities and presented information about Fauquier County
Liyang, Tianmu Lake in Liyang, and religious and cultural sites
A primary purpose of the visit to China was to establish a Sister-City relationship with the city
On September 19th, a large signing ceremony was held during which information about Liyang and Fauquier County was exchanged, and a formal signing of the Letter of Intent was held.
center of the Yangtze River Delta
accommodate 1000-ton ships for bulk cargo
780,000 in Liyang, and a population of nearly 200 million within a 124-mile radius of Liyang
construction
Business projects of less than $30 million are examined and approved within one working day if all documents required are complete.
are grown in the Southern Mountain area; Poultry raised in Northwestern Mountain area; Fisheries, white celery and fish head soup are local specialties.
traditional Industries:
Manufacturing
technical skills required for the different needs of local manufacturing companies
boasting three resorts, Tianmu Lake, Nanshan Bamboo Grove, and Yushui Hot Springs; and over 200 farmhouses, where visitors can pick their own fruit and taste local foods.
and abroad in 2011.
Textile Manufacturing High-end Equipment Manufacturing Solar & Wind Power Equipment Manufacturing Electronic Equipment Manufacturing Biomedical Manufacturing
While traditional industries, like the textile industry are still growing, there has been a focus on growing manufacturing in three particular industries: New Energy, New Materials, and Advanced High-end Equipment.
Within Development Zones or Industrial Clusters, are various industry-specific Industrial Parks with corresponding infrastructure. In this example of the Changzhou zhou Nationa nal Hi Hi-Tec ech h Distr strict ct, several industrial parks are located in Zone 7, including:
Industrial Park
Other Common Industrial Parks:
Industrial Park
for the promotion of economic development, featuring information and sophisticated displays about development zones and projects.
is 150% of the national average) to $1 million in all other areas in new commercial enterprises that produce at least 10 jobs.
and his family to become permanent residents of the US. Initially the approval to live in the US is
status can be changed to permanent if it can be proven that at least 10 jobs were created.
and for foreigners seeking entry to the United States. The program is attractive to businesses because most investors receive a minimal return on their investment -- 3% to 5%. Moreover, because the investor's money must be "at risk" during the investment period, businesses are not required to promise that the investment will be returned at the end of the time period over which most investments are made -- 5 years. On the other hand, investors will chose projects that they think are the most secure. Businesses seeking investment will be required to provide to prospective investors an extensive business plan for the project that outlines how the money will be spent and the jobs created.
program per year, the government has never reached the maximum levels.
The EB-5 program was created by Congress to encourage foreign investment in the U.S. that would create jobs.