Pennsylvania Ireland Northern Ireland A Strategic Partnership OUR - - PowerPoint PPT Presentation
OFFICE OF INTERNATIONAL BUSINESS DEVELOPMENT Pennsylvania Ireland Northern Ireland A Strategic Partnership OUR MISSION The Office of International Business Development (OIBD) is committed to helping Pennsylvania companies increase
OFFICE OF INTERNATIONAL BUSINESS DEVELOPMENT
Pennsylvania – Ireland – Northern Ireland A Strategic Partnership
OUR MISSION The Office of International Business Development (OIBD) is committed to helping Pennsylvania companies increase their export sales and to encouraging foreign companies to invest in Pennsylvania.
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WHERE IS PENNSYLVANIA?
Pennsylvania is located in the northeastern United States, and is
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States, and is flanked by other major hubs like New York City and Washington, D.C.
WHERE IS PENNSYLVANIA?
Pittsburgh Philadelphia
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Philadelphia
Philadelphia and Pittsburgh are Pennsylvania’s two largest cities and metropolitan areas, and Philadelphia is America’s 5th largest city. They’re both in the top 14 cities in the U.S. for fostering entrepreneurial growth, and in the top 20 cities in the country that attract the most startups.
PENNSYLVANIA’S ECONOMY
largest economy in
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the world
A GDP of
(~ EUR 605 billion ~ GBP 559.4 billion)
Pennsylvania is located in a region that is so prosperous that, if the area within a 320-km radius of Philadelphia was considered to be a single economy, its GDP would be greater than France, the 6th largest economy in the world.
ECONOMY
Pennsylvania Ireland
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~ 12.8 million
population labor force
5.7%
unemployment rate land area
70,273 km2 ~ 4.7 million IRL 2.2 million IRL 8.3% IRL 119,283 km2 6.5 million ~ 1.87 million NI 5.5% NI 837,000 NI
ACCESS TO TALENT AT WORLD-CLASS UNIVERSITIES
PA universities are leaders in engineering, life sciences, applied technology education, plastics, finance, and more.
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ACCESS TO CAPITAL IN PENNSYLVANIA
Provides capital to both early- stage, technology-based firms and established manufacturers with funding, business and technical expertise, and access to
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a network of innovative, expert resources. Invests in novel, early-stage life sciences technology with strong market potential.
ACCESS TO SUPPORT IN PENNSYLVANIA
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Development
INFRASTRUCTURE
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8 Foreign Trade Zones 6 international airports 3 ports to the Atlantic Ocean, Gulf of Mexico & Great Lakes 4 Class 1 railroads
PENNSYLVANIA’S ECONOMIC OPPORTUNITIES
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Large to small, we have it all.
PEOPLE READY INCLUSIVE EXTENSIVE
We welcome international businesses. Our workforce is ready for you. We offer a ready-made market
businesses
employees
consumers
workers
AREAS FOR OPPORTUNITY
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LIFE SCIENCES
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employees
firms
R&D Expenditure
(~ EUR 1.8 billion ~GBP 1.6 billion )
for amount of NIH funding in 2015
ranked
$3.2 billion (~ EUR 2.9 billion ~ GBP 2.3 billion) in private follow-
AGRIBUSINESS
Welcome
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fastest-growing exporting industries in the state.
1,420+
food manufacturing employers produces nearly $38.4 billion (~ EUR 34.2 billion / ~ GBP 27.9 billion) worth of manufactured food products annually
1st – Mushrooms 2nd – Butter 2nd – Organic Eggs 4th – Apples
Food manufacturing ranks among the
ENERGY
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Largest unconventional
and second-largest
field in world In 2014, annual gross natural gas production exceeded
4 trillion ft3
ENERGY OPPORTUNITIES
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ENERGY OPPORTUNITIES
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Source: EPA
MANUFACTURING
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8th largest
in the U.S.
workforce
(~ EUR 74 billion ~ GBP 67.8 billion)
CONNECTIONS
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PENNSYLVANIA TRADE WITH IRELAND
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Organic Chemicals $253,400,901 Pharmaceutical Products $152,789,391 Industrial Machinery, Including Computers $45,390,260 Plastics $24,729,529 Optical/Photo/Medic/Surgical Instruments $12,385,442 Total of all Commodities $554,817,230
Top 5 PA Exports to Ireland in 2015 (in USD)
Source: WISERtrade
IRISH TRADE WITH PENNSYLVANIA
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Top 5 PA Imports from Ireland in 2015 (in USD)
Pharmaceutical Products $1,000,600,631 Special Classification Provisions, Nesoi $284,616,606 Optical/Photo/Medic/Surgical Instruments $110,075,461 Essential Oils/Perfumery/Cosmetic $99,181,506 Industrial Machinery, Including Computers $16,233,766 Total of all Commodities $1,559,825,241
Source: WISERtrade
IRISH INVESTMENT IN PENNSYLVANIA
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# of Firms # of Jobs Rank #
Rank #
Source: Dun & Bradstreet, July 2016
NORTHERN IRELAND INVESTMENT IN PENNSYLVANIA
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# of Firms # of Jobs Rank #
Rank #
Source: Dun & Bradstreet, July 2016
INVESTORS IN PENNSYLVANIA
Ireland
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Source: Dun & Bradstreet, July 2016
Northern Ireland
SERVICES
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OUR INVESTMENT SERVICES
Aiding companies in setting up U.S. entities Providing information on Pennsylvania’s labor, average Coordinating site and building searches with Work with the Governor’s Action Team to vet projects for
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Networking with potential partners, including:
wages, business tax structure, and more regional partners business assistance programs
universities
professionals
engineering firms
JOINT VENTURE PARTNERSHIP PROGRAM
The PA Office of International Business Development regularly receives economic development lead opportunities originally furnished to OIBD by its authorized international representatives concerning international businesses that may be interested in:
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businesses located in Pennsylvania. The opportunities are updated and shared every 5 weeks to our regional economic development partners across the commonwealth.
LOCAL REPRESENTATION
Pennsylvania Authorized Investment Representative (Ireland & UK)
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Richard Kilner 133 Coombe Lane London SW200QY United Kingdom rjkilner@aol.com
CONTACT US
Joseph Burke Deputy Secretary
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Deputy Secretary Office of International Business Development Pennsylvania Department of Community & Economic Development jburke@pa.gov 1-717-720-7366 http://dced.pa.gov/international @investPA
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Pennsylvania Department of Community & Economic Development http://dced.pa.gov @PADCEDnews