National Aerospace Foreign Direct Investment Exposition
October 26-28, 2015
Department of Commerce media release announcing the Expo:
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 (http://aerostates.org/wp-content/uploads/2009/07/DoC-ASA-Agreement-2014-15.pdf ) The Expo be the first industry specific event of its 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. The Expo will showcase states’ prowess in aviation and aerospace as well as their opportunities for investors. 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, logistics services, 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. Sessions will also be held on investment opportunities in Research and Development (R&D). The Expo itself will begin the morning of October 27 and run for two days. It will begin with a short welcoming opening session featuring by the Secretary of Commerce, State Leaders, and ASA; then the floor will be open to begin the Exposition. ASA will facilitate meetings with investors, either prearranged appointments or from sign-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 in late January 2015. 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 by hosting the Expo.
Discussion: As part of the preliminary preparation, the Department of Commerce queried 19 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, Germany, India, Italy, Mexico, Netherlands, Norway, UK, Canada, China, Ireland, Israel, South Korea, Spain, France, Japan, and UAE
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, FL, GA, HI, IA, MO, NV, OH, OK, UT, WA & WI are expressing interest; 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.
Neel Shah and Katelyn Demyan Win ASA’s 2014 Scholarships
The ASA Scholarship Committee is proud to announce that Neel Shah an Electrical and Computer Engineering Sophmore at Northeastern University, Boston, MA has won the 2014 Edward A. O’Connor Jr. Founder’s scholarship, and Katelyn R. Demyan an Aerospace Engineering & Mechanical Engineering student at West Virginia University has won the Rockwell Collins scholarship. They were selected from a field of over 40 applicants and represent excellence for America’s future aerospace engineers.
ASA thanks Rockwell Collins for their generous donation that make these scholarships possible and Tom Hobson for his tireless efforts in support of ASA’s educational programs.
ASA Establishes State Chapters
On January 17, 2014 Aerospace States Association voted to establish State Chapters:
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.
MEMBERSHIP: ASA Members and Associate Members, Government officials and staff, allied organizations and associations, and universities and colleges.
- The Chair of each chapter will be the Lt. Governor, Secretary of State, or a Governor appointed delegate to ASA. The Vice Chair will be an ASA Member or Associate Member selected by the State ASA Chapter Chair and will actively manage the chapter.
- The Chapter will meet at least biannually, but not in conflict with the ASA national conference, and at the call of the Chair and/or Vice Chair.
- The Chapter will seek as many in-state members as possible for the most involved and complete aerospace input into state issues and events.
- Chapters are required to report on activities at ASA national meetings and provide annual chapter report to ASA.
- Allied organizations and associations must be approved by the local Chapter and the national ASA
- Depending on state laws regarding legislative involvement, Honorary Members can be established.
- Chapters must abide by the 501 (c) (3) non-profit status of ASA
- FEES & DONATIONS: Each Chapter can decide if annual dues are needed for activities. All monies collected by the chapter including donations for specific events will be sent through national ASA and will be designated for Chapter activities, minus a 10% ASA administrative fee.
ACTIVITES: Each Chapter is a forum for aerospace policy within a state. Depending on current activities within a state, each Chapter will have the flexibility to incorporate events, merge with other organization’s events, or establish new events. Chapter events should not be designed to compete with established events set up by other organizations. Activities involving the state government are at the invite of the government officials.
Activities can include but are not limited to:
- Aerospace Day or Week at the State Capitol
- Policy Symposiums
- Lunch Lecture Series
- Policy Forums
- Panel Discussions
- Data gathering and coordination
- Data sharing/best practices
- Local policy events within a state region
- Legislative Roundtables
- Legislative Receptions
ASA will provide staff support as required for state chapter activities if funding is available.
All activities are to be designed to include all entities in support of the aerospace community within that state. The activities are to be inclusive and representative of the state’s aerospace community as a whole.
Each Chapter will maintain information on state activities on the ASA website and social media pages.
ASA will provide staff for Chapter activities, provided sponsorship for such activities is achieved.