Texas Tops US Exports

In terms of GDP, Texas ranks 2nd in the USA after California, contributing 8.8 percent to the national GDP of the United States. The “Lone Star State” occupies the 1×2 field of the G8x8 chess board. 2016 GDP stood at $1,616.8 billion, which was more than the national GDP of Canada or Russia.

Texas has been the top exporting state in the USA for 14 consecutive years. With over $251 billion in exports for 2015, this state continues to be the USA leader in international trade. It combines the following advantages:

  • a strategic location
  • the largest US rail and road infrastructure
  • the most US ports of entry
  • a multilingual workforce twice the national average
  • a vibrant international banking center
  • a diplomatic hub with a Consular Corps representing some 90 nations
  • and a concentration of corporate and financial resources

Many international firms base facilities such as warehousing, distribution, and manufacturing here to take advantage of excellent access to global markets.

From Texas, small, medium, and large businesses alike have found great success in doing business globally. Far from being the exclusive domain of large corporations, export trade here is driven by its most innovate, nimble, and oftentimes small firms. In fact, more than 90 percent of exporters are small businesses – and their numbers continue to grow. With its extensive global ties, Texas has a natural advantage in exporting knowledge-intensive services. It has become a major global exporter of high value-added services, including

  • accounting
  • communications
  • consulting
  • engineering
  • financial services
  • legal services
  • medical services
  • transportation services

With the slogan “Go Big in Texas”, the Department of Business Assistance (DBA) serves businesses and communities. It works to strengthen their competitiveness by promoting international trade, foreign direct investment, business retention and expansion. It also provides small business advocacy and entrepreneurial support. See their website at https://businessintexas.com/. For an overview of Texas trade and foreign direct investment, see especially this 2016 Report.

Image source: Texas Department of Business Assistance.

Côte d’Azur Innovation

The GDP of Provence-Alpes-Côte d’Azur ranks 6th among French top-level regions, to sit at the 6×6 spot of the global G8x8. In 2014, the GDP was 151.0 billion €, about 7.1 percent of the French total. Comparing the economic power of this French territory with whole countries, it would rank higher than Iraq, but lower than New Zealand.

Since April 2014, the Regional Agency for Innovation and Internationalization of Companies Provence-Alpes-Cote d’Azur (ARII PACA) is the agency in charge of economic development, attractiveness and innovation in that French region.

It provides assistance to facilitate the emergence, acceleration and deployment of structuring projects and  high-potential business growth.

The ARII website aims to enhance the range of services daily developed to meet regional challenges.

ARII
General Manager Mr. Jean-Yves Longere
22 rue Sainte Barbe
CS 30394
13217 Marseille Cedex 02
France

Telephone: +33 4 96 17 07 40
E-Mail: contact@arii-paca.fr

 

Financial Center Hessen

Hessen ranks fourth in GDP among the German laender, and is positioned at the 4×4 slot within the G8x8. In 2016, it achieved a GDP of 269.4 billion € and a share of 8.6 percent of the German total. Its GDP was higher than that of Israel and Hong Kong, but slightly lower than that of Egypt.

Frankfurt is the seat of the European Central Bank and the German Bundesbank. It is the location of a major stock exchange in Europe. Frankfurt is not the capital, but the largest city in the state of Hessen, which has distinguished itself as an attractive location for foreign direct investment.

No other German territorial state receives as much foreign investment relative to the number of jobs. Hessen is one of Germany’s and Europe’s most attractive locations for international investors.

The federal state has used Hessen’s central location in Germany to build a transportation infrastructure that is unparalleled in Europe. The Rhine-Main area in particular occupies a top position in Europe for its status as an international hub for air, road and rail traffic.

For more information, try https://english.hessen.de/economy.

Aichi Business Access

Aichi ranks third in GDP among Japanese prefectures and takes position 3×3 within the G8x8. Its 2013 GDP of 35,448 billion Yen contributed 7.0 percent to the total of Japan.

I-BAC (Aichi-Nagoya International Business Access Center) offers free “one stop” services including incubation facilities to foreign companies desiring to enter the Aichi-Nagoya region. Check this for more information: http://www.i-bac.jp/o/

Guangdong Free Trade Zone

Guangdong ranks first in GDP among Chinese provinces and is placed at field 2×1 on the G8x8 chess board. In 2015, its GDP of 7,281.3 billion CNY contributed 10.1 percent to the national total of China. In international comparison, this is more than the GDP of Indonesia and a bit less than Mexico.

The pilot free trade zone of Guangdong province, aiming at the promotion of foreign trade and investment, has been opened in 2015 with great enthusiasm. Their website at http://www.china-gdftz.gov.cn , however, has no “news” in English since June, 2016. You might think that enthusiasm has died down, but no! News in Chinese are updated almost daily. Seems that only the English language team has been on vacation…

California Business Portal

California ranks first in GDP among US states, placing it at the 1×1 pole position within the G8x8 territories. In 2016, California took a share of 14.1% of the USA total GDP. This was worth $2,602,672 million or 2.6 trillion US Dollars, just as much as the GDP of the United Kingdom (ranking 5th among countries).

The official California website promoting international trade and investment is found at http://www.businessportal.ca.gov. Their address is

1325 J St., Suite 1800
Sacramento, CA 95814

And their telephone: +1 877 345-4633

 

Andhra Pradesh Economic Development

The Economic Development Board (EDB) has to accelerate the inclusive economic growth of Andhra Pradesh. The board acts as a catalyst to facilitate economic growth, investment climate, reforms, and competitiveness in Andhra Pradesh.

The functions of the Economic Development Board include:

  • Strategic investment planning and promotion
  • Nodal point of contact for investments
  • Mobilisation of resources required for supplementing public and private investment
  • Facilitating inter-departmental coordination
  • Economic and policy research

For more information, check out http://apedb.gov.in/

Andhra Pradesh ranks 7th among India’s states, and is located at slot 7×7 of our G8x8.

New York Promotes Guangxi

The State of New York ranks third among US states in GDP, placing it on the 1×3 field of the global G8x8 chess board of most productive territories of the most productive countries. In 2016, the state contributed 8.1 percent to the national GDP. This was an amount of $1,488 billion, almost as much as all of Canada produced at the same time. Guangxi Autonomous Region, on the other hand, ranks only 17th among Chinese provinces and is not yet listed a G8x8 member.

The Greater New York Chamber of Commerce will hold an investment and trade promotion event for Guangxi province of China on 25 October 2017. Participation is free for members, non-members will be charged $25. Contact +1 212-686-7220 or info@chamber.nyc for more information and to register, or see their event announcement here.

The event is promoted by the Guangxi provincial department of commerce.

A similar event was hosted by the Greater New York Chamber in October 2015. At that time, the Guangxi delegation included six governmental delegates, six economic and trade delegates, and five delegates from the Chinese Consulate General in New York. They spoke about investment opportunities in Guangxi.

Information and image source: Greater New York Chamber of Commerce.

Scotland’s Space Sector is Soaring

Scotland ranks 5th in GDP among the top-level administrative territories of the United Kingdom, placing it at the 5×5 spot of the G8x8. In 2015, the scottish GDP amounted to 127.3 billion €. This was about 7.6 percent of the UK total and just about the same as that of the State of Qatar.

In the last two years, Glasgow has built more satellites than any other city in Europe.

Scotland punches above its weight when it comes to the space industry, particularly around the NewSpace area of small satellite systems (smallsats) and space data solutions companies.

It is estimated that more than 250 smallsats will be launched into space in 2017 across the global industry – four times the number of all other satellites combined.

NewSpace companies in Scotland include:

  • Orbital Access – horizontal launch provision
  • Clyde Space – design and build of cubesats
  • Spire Global – inward investor focusing on the development/operation of cubesat constellations and providing data products across marine-based sectors
  • Ecometrica – end-to-end environmental software as a service
  • Astrosat – data software service working across earth observation and satellite communications