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The State of Illinois and Australia:

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Partial list of Australian companies in Illinois: ... Non-stop global gateway to 69 international business capitals ... 2nd among states in miles of freight railroad ... – PowerPoint PPT presentation

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Title: The State of Illinois and Australia:


1
The State of Illinois and Australia Advancing
Trade and Investment
2
Illinois Exports to Australia 2004 US1,325
million 2005 US1,551 million 2006 US2,
029 million Major Illinois Products Industrial
machinery, Computers, Vehicles, Electric
Machinery, Sound and TV Equipment, Optic, Photo,
Medic and Surgical Instruments, Railway and
Tramway Stock, Traffic Signal Equipment, Articles
of Iron/Steel, Aircraft, Spacecraft and Parts
etc. Partial list of Australian companies in
Illinois Amcor Ltd, Lend Lease Corporation Ltd,
Brambles Industries Ltd, Bluescope Steel Limited,
Citect Corporation Limited, Computershare
Limited, Czechoslovak Airlines, Ridley
Corporation Limited ….. Source WISERTrade,
World Trade Center Chicago
3
The Illinois Advantage
  • Outstanding Manufacturing Talent
  • Unmatched Proximity to Consumer Markets
  • World Class Cultural Educational Resources
  • Exceptional Business Climate
  • Central Location, Global Access

4
Chicago Global Business Center of North America
5
Chicago Heart of the Nation
  • Located on Lake Michigan in Northeastern Illinois
  • Chicago and surrounding cities make up the third
    largest greater metropolitan area in the US,
    after New York and Los Angeles

6
Chicago International Transportation Center
  • Busiest airport system in North America - over
    3,400 flights per day
  • Within a 4-hour flight to all major North
    American destinations 134 nonstop domestic
    routes
  • Non-stop global gateway to 69 international
    business capitals

7
Global Business Leaders Choose Illinois
  • Illinois is home to 34 Fortune 500 companies (30
    in Chicago)
  • 12 Fortune Global 500 companies
  • 17 Financial Times Global 500 companies
  • 124 major corporate world headquarters
  • Boeing Company chose Chicago for its world
    headquarters to become
  • a more global company

8
Illinois Exports
  • 1 exporting state in the Midwest and 5th biggest
    exporter in the U.S. (2006) a 19 increase last
    year and a growth rate above the national average
  • 42 billion in exports to 209 countries last year
  • Chicago is home to 100 different international
    trade organizations, more than 30 international
    Chambers of Commerce and 77 Consulates/Consuls
    General
  • Source WISER Trade, U.S. Bureau of Economic
    Analysis

9
Illinois Imports
  • More than 1,000 foreign firms in and around
    Chicago and over 1,400 in Illinois
  • Chicago recently named 1 U.S. city for
    foreign
  • direct investment and U.S. city of the future
  • by Foreign Direct Investment Magazine
  • Chicago Customs District received 79 billion
    in imports from 184 countries (2005)
  • Source World Trade Center Chicago

10
Greater Chicago Metropolitan Area
Rank Country/Metro Area Gross Product
1 United States 12,063 2 Japan 4,762 3 Ge
rmany 2,823 4 China 2,240 5 United
Kingdom 2,188 6 France 2,108 7 Italy
1,727 9 Canada 1,007 10 New York (NY-NJ-PA
MSA) 994 11 India 711 12 South
Korea 700 13 Mexico 697 15 Los Angeles, CA
MSA 637 17 Russia 600 19 Greater Chicago
Area 423 20 Switzerland 369 41 Israel 116
  • Annual Gross
  • Regional Product
  • 423 billion
  • Population
  • 9.4 million
  • Workforce
  • 4.5 million

11
Mid-North America A Major Player in the Global
Economy
12
Chicago leads the U.S. in...
  • 1 city for air travel
  • 1 private sector jobs
  • 1 in high technology workforce
  • 1 business travel destination
  • 1 in manufacturing
  • 1 distribution center for truck, intermodal,
    rail and air
  • 1 convention destination
  • 1 in data transmission by volume
  • 1 urban medical center
  • 1 in Nobel Prize winners with 77 total

13
Chicago Area Economic Drivers
  • Wired Telecommunications
  • Securities Commodities Trading
  • Professional Technical Services
  • Administrative Support Services
  • Arts, Entertainment Recreation
  • Banking Investment
  • Insurance
  • Management of Companies
  • Educational Services
  • Non-Profits
  • Chemicals
  • Packaging Containers
  • Printing
  • Primary Fabricated Metals
  • Machinery, Electrical Equipment Appliances
  • Durable Non-Durable Goods Wholesalers
  • Transportation, Logistics Warehousing

14
Low Business Taxes
  • Corporate income taxes
  • Illinois 7.3 flat rate
  • California 8.84 flat rate
  • New York 7.5 flat rate
  • Individual income taxes
  • Illinois 3.0 flat rate
  • California 9.3 above 41,477
  • New York 7.7 above 500,000
  • City income taxes
  • Chicago No income tax
  • New York 4.8 above 500,000
  • Source Federation of Tax Administrators

15
Office Cost Comparison
Total annual office space operating costs ( per
square foot/square meter)
  • Chicago 23/247
  • Boston 36/391
  • San Francisco 31/335
  • Shanghai 46/495
  • Toronto 53/568
  • New York 62/668
  • New Delhi 82/881
  • Mumbai 106/1,142
  • Hong Kong 116/1,251
  • London 145/1,558

Source CB Richard Ellis, Global Market Rents,
November 2006
16
Private Equity Firms in Illinois
Almost 100 firms with 55 Billion in Assets Under
Management
Assets Under Management MM
Fund of
Funds,
10,570
Early/VC,
8,463
Buyout/Other
PE, 35,918
Source IVCA Research Committee, NVCA Thomson
Venture Economics
17
Chicago Center of Telecom Innovation
  • Unrivaled advanced telecom infrastructure and
    interconnection of regional, national and
    international networks
  • Foremost US terrestrial telecom network 25.7
    terabytes/second lit capacity (915 Tbps total
    capacity), 153 lit fiber pairs (1,140 total), 18
    fiber providers, 31 bandwidth providers
  • 27 of 28 North American NSPs have
    point-of-presence in the Chicago area
  • Chicago Network Access Point - worlds largest
    commercial internet exchange point
  • Lakeside Technology Center North Americas
    largest server/data storage/routing hardware
    facility
  • Science Technology and Research Transit Access
    Point (STAR-TAP)
  • Worlds only cooperative interconnection facility
    - international advanced networks (35 countries)
  • Includes StarLight, the leading Optical Internet
    Exchange in the U.S.

18
Manufacturing Leader
  • 709,882 jobs
  • 74.8 billion GDP
  • 1 Food Beverages (GRP)
  • 1 Paper (Emp.)
  • 1 Plastics Rubber (Emp. GRP)
  • 1 Primary Metals (Emp. GRP)
  • 1 Fabricated Metals (Emp. GRP)
  • 1 Machinery (Emp. GRP)
  • 1 Electrical Equipment/Comp. Appliances (Emp.
    GRP)
  • 2 Printing (Emp. GRP)
  • 2 Chemicals (Emp.)

19
Unparalleled Freight Rail Transport System
  • Centerpoint of the Interstate Highway System
  • 3rd largest interstate network in the US
  • 4th largest intermodal container handler in the
    world - 1 in Western Hemisphere
  • Americas only 50/50 Asia/Europe transit point
  • 2nd in number of rail shipments originating and
    terminating in state
  • 2nd among states in miles of freight railroad
  • 3 in tonnage of freight shipments by state of
    origin
  • 3rd in number of freight railroads
  • 2nd largest rail gateways in the nation
  • Only gateway where all six Class 1 North American
    railroads can interchange traffic

20
Top-Notch Educational Institutions
  • Nearly 548,000 students enrolled in 129 higher
    education institutions
  • 6 medical schools, including nations largest,
    and 31 teaching hospitals
  • Over 26,100 masters degrees, 3,600
    Professional degrees, and 1,700 Doctoral
  • degrees awarded annually
  • Illinois institutions of higher education host
    more than 25,000 foreign students
  • University of Chicago has generated more Nobel
    Laureates (77) than any other
  • American university
  • 83 Nobel Prize winners overall
  • Home to two of Americas top business schools
  • 1 University of Chicago
  • Graduate School of Business
  • 3 Northwestern University
  • Kellogg School of Management

21
Home for Technology Innovation
  • 440 companies operate RD facilities in
    Illinois, with over 330 in the Chicago metro
    area. Technology-based industry firms,
    entrepreneurs, researchers, employers and
    jobseekers are coming to Illinois from across the
    globe to grow their businesses by building on the
    cluster of activity in biotechnology and the life
    sciences, clinical development and drug
    discovery nanotechnology, homeland security and
    food and agricultural research.
  • Top Intellectual and Scientific Infrastructure
    Home to one of the worlds most educated
    workforces with more than 44,000 biotech jobs a
    deep talent pool made up of more than 1.2 million
    people working in biotechnology and related
    fields, armed with the skill and expertise to put
    science to work and support the growth of life
    science companies.
  • Diverse Life Science Applications RD community
    is on the cutting-edge of the commercialization
    of pharmaceuticals (encompassing drug discovery),
    agricultural, food and industrial products,
    diagnostics and research tools and enabling
    technologies such as bioinformatics,
    nanotechnology, genomics and proteomics.
  • World-Class Research Facilities Home to more
    than 200 academic, government, and non-profit
    research institutions, 7 research and tech parks
    and 71 federal research centers, Illinois
    continues to develop state-of-the-art facilities,
    including quality office and wet-lab space for
    emerging and developed technology companies.

22
Biotech and RD Assets in Illinois
  • Argonne National Laboratory
  • Fermi National Accelerator Laboratory
  • The Illinois Medical District
  • University of Illinois
  • University of Chicago
  • Northwestern University
  • Abbott Labs
  • Astellas
  • Baxter International
  • Hospira
  • Pharmaceuticals North America
  • Takeda
  • TAP Pharmaceuticals
  • Illinois Science Technology Park
  • University Tech Park at Illinois Institute of
    Technology
  • UIUC Institute for Genomic Biology
  • DuPage National Technology Park
  • NUs International Institute for Nanotechnology
  • UIUC National Center for Supercomputing
    Applications

23
Leading the U.S. for Life Sciences
Life Science Industry Employment
Total Jobs California
101,298 New Jersey
93,214 Illinois 57,930 New York
39,140 Pennsylvania
37,639 Minnesota 31,356 Indiana
29,541 Massachusetts
25,388 North Carolina
21,707 Ohio 17,298 Michigan
16,789 Wisconsin
8,530 Maryland 7,944 Total
Midwest (6 states) 161,444

24
Building Trade Relationships
  • Encourage scientific exchange and increase
    foreign trade, investment
  • between thriving sectors of Illinois economy
    and high-growth Indian markets.
  • Forge strong relations between Illinois-based
    homeland security companies
  • and Indian security industry leaders, firms
    and researchers.
  • Encourage international trade, investment,
    partnerships opportunities and
  • RD collaboration in homeland security and
    other high growth sectors,
  • such as
  • Home Security
  • Biotechnology Life Sciences
  • Agricultural Technology
  • Information Technology

25
Illinois Office of Trade Investment
  • OTIs Chicago headquarters provides a variety of
    import/export assistance programs designed to
    help link Illinois companies to foreign markets
    and help international companies locate
    distribution channels for their products and
    services in Illinois
  • Develops and facilitates industry specific
    international trade missions.
  • Exchanges business, educational and cultural
    projects and ideas
  • Identifies and participates in international
    trade programs worldwide
  • Utilizes international market and industry
    research for evaluating key international
    opportunities and identifying buyers, agents and
    distributors.
  • Partners with various governmental, and public
    and private trade industry associations and
    service providers to promote international trade

State Focused…Globally Connected
26
OTI Foreign Investment Services
  • Reverse Trade Missions Taking Chicago-based
    Foreign Trade Commissioners to
  • prospering locations - Rockford, Peoria,
    Galesburg, Moline, Bloomington and Champaign.
  • Trade Zones Marketing the seven Illinois
    Foreign Trade Zones internationally through the
  • Foreign Trade Offices. 3rd in the U.S. for jobs
    associated with trade zone activities at 29,726.
  • Trade Shows 17 trade shows at McCormick Place
    were tied into sectors with international
  • trade potential. Over 1,400 Illinois companies
    attending these trade shows were visited and
  • provided with international trade materials.
  • Sister Cities International Helps cities and
    communities in Illinois develop relationships
    with
  • international cities to enhance the
    development of bilateral trade, investments,
    tourism, science,
  • technology, education, and culture.
    Currently, 60 Illinois cities are involved with
    99 Sister City
  • agreements in 33 countries on 6 continents.
  • Study Illinois A consortium of 27 Illinois
    universities, community colleges and colleges
    that
  • collectively recruit foreign students and
    encourage foreign exchange program 6th in the
    U.S.
  • for of foreign students at 25,609 with
    estimated expenditures totaling 617 million

State Focused…Globally Connected
27
Foreign Direct Investment
  • If your firm is interested in opening an office
    in Illinois, DCEOs Office of Trade Investment
    (OTI) provides individual assistance through our
    Chicago Headquarters, nine Foreign Trade offices,
    and our network of professional service
    providers. Some areas of assistance include
  • Legal
  • Accounting
  • Real Estate
  • Financial
  • Freight Forwarding
  • Human Resources
  • Personnel Relocation
  • Government Assistance and Resources

State Focused…Globally Connected
28
Culture Recreation
  • 80 miles/129 kilometers of public shoreline along
    Lake Michigan, including 94 vacation beaches
  • 9,000 boat slips, the most public boat slips in
    the U.S.
  • Museum Campus Field Natural History Museum,
    Shedd Aquarium, Adler Planetarium
  • Millennium Park (2005), Grant Park, Lincoln Park
  • Lake Shore Drive 3 of Zagats top 10 U.S. hotels
    are in downtown Chicago - The Peninsula Chicago
    (1), The Four Seasons (3) and the Ritz-Carlton
    (7)
  • Chicago is emerging as a cradle of the first
    truly adult American cooking New York Times
  • Five Star Charlie Trotters
  • Eight Four Star restaurants (Mobil Travel Guide)
  • 200 theater companies, including three Tony
    Award winners
  • Chicago Symphony, Lyric Opera, Joffrey Ballet and
    the Art Institute of Chicago the finest
    Impressionist collection outside Paris
  • In the city of Chicago alone

29
ILLINOIS Income Tax Comparison
30
ILLINOIS Tax Incentives ITP
  • Technical Support Consultation Site/Building
  • Tax Incentive
  • EDGE (Economic Development for a Growing Economy)
    Program (tax credit)
  • Enterprize Zone Program
  • High Impact Business Program
  • Low Cost Financing (Federal, State and Local)
  • Employer Training/Investment Program (ETIP)

31
Contact Us
Marcelino Garcia, Assistant Managing
Director Office of Trade and Investment
(OTI) Illinois Department of Commerce and
Economic Opportunity 100 W. Randolph Street,
Suite 3-400 Chicago, Illinois 60601 Phone
1.312.814.2319 Fax 1.312.814.6581 E-mail
Marcelino.Garcia_at_illinois.gov Website
www.illinoisbiz.biz
Norman L. Li, Managing Director State of Illinois
Far East Office DCEO Office of Trade and
Investment (OTI) 2808, 28/F, Wu Chung House 213
Queens Road East Wanchai, Hong Kong Phone 852.
2544-3863 Fax 852. 2543-6246 E-mail
hongkong_at_illinoistrade.org Website
www.illinoisbiz.biz
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