National Aerospace Foreign Direct Investment Exposition
October 26-28, 2015
Background: During the April 2014 Aerospace States Association (http://aerostates.org/) annual meeting held at the Space Foundation in Colorado Springs, CO a request by the Department of Commerce asking ASA to host a national aerospace Foreign Direct Investment (FDI) event as part of the department’s Select USA (http://selectusa.commerce.gov/) initiative was presented. Since then the Chair of ASA and Chandra Brown, Deputy Assistant Secretary for Manufacturing , International Trade Administration, U.S. Department of Commerce have signed a formal agreement to co-sponsor the National Aerospace Foreign Direct Investment Exposition ( DoC – ASA Agreement 2014-15). It is to be the first industry specific event of it’s kind. The basic concept is:
Why: Foreign Direct Investment is a way to expand aviation and space related manufacturing and operations in a state or region resulting in economic growth, high paying jobs, increased tax revenue, and workforce education/training opportunities, as well as creating new ideas and increasing knowledge. http://www.going-global.com/articles/understanding_foreign_direct_investment.htm
How: ASA will collaborate with the Department of Commerce (DoC) to establish an aviation and aerospace FDI Exposition. DoC will support the Expo through American embassies around the world and on-line to identify and invite investors from foreign industry, investment firms, and banks. Interested investors will be identified in advance of the Expo so that matches can be made with state investment needs and desires. ASA has identified the state of California to be the host state for the Expo, has hired a professional event management firm, and will provide each state and its municipalities and companies the opportunity to connect with foreign investors.
What / Who: The Expo will be designed to “facilitate business.” This FDI event will not be a conference, but a business event akin to a trade show. Primary attendees will be States (and their economic development organizations), firms seeking foreign investment, and foreign investors. Other attendees include service providers (consultants, legal firms, etc.).
When / Where: The expo will be held October 26-28 of 2015 at the iconic Hyatt Century City Hotel in Los Angeles CA. We plan to formally announce the Expo, initial sponsors, and Expo website by January 15, 2015 and begin the exchange contact information between investors and states in June 2015. Attendees should plan to arrive by Monday October 26 for introductory educational panels and the kickoff networking reception. DoC has offered to run educational panels on FDI regulations and procedures this day prior to the Expo and in parallel sessions during the Expo for investors not familiar with US requirements. The Expo will begin the morning of October 27 and run for two days. It will begin with a short welcoming opening session by the Secretary of Commerce, State Leaders, and ASA then the floor will be open to begin the networking. ASA will facilitate meetings with investors, either prearranged appointments or from sig-up sheets at the Expo. A networking reception will also be held at the end of the first day, October 27. Plenty of time will be available for US participants to interact with potential investors. A more detailed agenda will be available on the Expo website early January. The Expo will end the evening of Wednesday October 28 to allow foreign investors to travel to states to enter into more in-depth discussions. We are grateful to the State of California for helping ASA and DoC host the Expo. Lt Gov Newsom_CA FDI
Discussion: As part of the preliminary preparation, the Department of Commerce queried 18 of the major aerospace trading partners of the United States that would like be interested in a state level aerospace FDI exhibition. U.S. Embassies and consults in the following countries were queried:
Australia Belgium Brazil Canada China France Germany India Italy Ireland Israel Japan Mexico Netherlands Norway South Korea Spain UAE UK
All respondents indicated some level of interest in an aerospace FDI event in their countries and the majority indicated high to moderate interest. Level of interest was predicated on the current FDI levels in the United States. All embassies and consulates indicated they would support the event in their locations.
Thus far, AK, AL, AZ, CA, CO, CT, GA, HI, IA, MO, NV, OH, OK, UT, WA & WI are expressing interest; FL, IN, KS, MA, MI, TX, SC are expected to be heard from shortly. Given the active endorsement of the DoC and current state interest, 500 to 700 attendees are anticipated.
Given the interest in such an event, there is a strong likelihood that senior business and governmental officials will attend the exhibition. The DoC will ensure that appropriate U.S. Government officials will attend the event.
Sponsors: ASA is actively seeking early sponsors for the Expo. There are several levels and types of sponsorship available. Please contact General Bob Mansfield for more information at MANSFIR1@erau.edu.
Monthly ASA Telecon
For Lt. Governors, Delegates, Associate Members, and guests every third Thursday at 4:00 Eastern Time.
State Chapter Formation
MISSION: To educate, coordinate, facilitate, and advance the aerospace community within each state through policy development, educational discussions, and focused events, involving state elected and other government officials.
GOAL: Establish active state Chapters in all 50 states and 5 territories within 5 years. The chapter’s primary goal will be to host at least one aerospace educational event each year for their state legislature. Over time, each Chapter is to become a key resource for state policy makers. The Chapter is to become the repository of information for the state’s aerospace community and connection to ASA.
Contact Ross Garelick Bell at GarelickBell@aerostates.org
Implementing STEM Real World Design Challenge 2014
- The Real World Design Challenge is an annual high school competition run by a public-private partnership with the goal of sustainably increasing the Science, Technology, Engineering, and Mathematics (STEM) workforce. The partners are focused on working within the context of the American educational system to transform STEM education in the United States by providing professional science and engineering and learning resources to students and teachers.
- For additional information contact: Dr. Ralph K. Coppola, Real World Design Challenge Director: phone: 703-298-6630, email: email@example.com, or go to the RWDC website to register a team and learn more www.realworlddesignchallenge.org.
Ongoing meetings of State Aerospace Organization Committee.
The purpose of the committee is to help bring state based aerospace and aviation organizations under the ASA banner to help grow aerospace and aviation in our states. Committee goals include:
- helping state aerospace and aviation organizations collaborate and share information to grow the aerospace and aviation enterprises in their states
- developing a database of state aerospace and aviation organizations
- sharing best practices, lessons learned, business models, charters, organizational models
Ongoing meetings of Aerospace Manufacturing Committee.
The goal of this committee is to improve the global competitiveness of U.S. small to medium-size aerospace manufacturers in such a way that will benefit local, state, regional and national economic interest