Attracting Investment and Re-Investment: Maximizing Partnerships & Opportunities #PEDAspring15 @investPA @myPEDA.

Attracting Investment and Re-Investment: Maximizing Partnerships & Opportunities
#PEDAspring15 @investPA @myPEDA

Office of international business development
With the largest network of overseas offices of any state in the U.S., Pennsylvania’s Office of International Business Development (OIBD) is committed to supporting Pennsylvania companies by working with them to increase their export sales and encouraging foreign companies to invest in Pennsylvania.

PA Authorized International Representatives 25 offices covering 55 countries around the world

Objectives of PA Authorized Investment Representatives Prospective investors identified/tracked Business retention meetings Performance-based compensation based on: Site visits to Pennsylvania Completed projects Marketing of Pennsylvania: Investment seminars and events Direct Mail Campaigns Special activities and visits from Pennsylvania delegations/businesses

Office of international business Development
Pennsylvania’s Assets Stable Economy Large, growing and diverse economy Comprehensive Infrastructure Transportation, water resource, energy Strategic Location Central to U.S and Canadian businesses and consumers Modern Workforce Well-educated, highly skilled Diversified Industries Highly diversified with a strong manufacturing base World-class Education Hundreds of world-class institutions of higher education Game-changing Resources Supply and demand, Marcellus Shale, manufacturing

FDI Trends for PA – Reasons Proximity to markets or customers Skilled workforce availability Domestic Market Growth Potential Government support Infrastructure and logistics Source: FDI Markets database, Dec. 2014

We are the 22nd Largest Economy in the World Pennsylvania’s Gross State Product - USD $ billion USD $2, billion USD $603.8 billion USD $517.5 billion USD $330.6 billion USD $291.3 billion France Pennsylvania Poland Denmark Israel Source: World Development Indicators Database, World Bank, Sept 2014 Source: U.S. Bureau of Economic Analysis, 2010 GDP by State, 2014

Investment Services Include: Aiding companies in setting up US entities Providing information on Pennsylvania’s labor, average wages, business tax structure and more Coordinating site and building searches with regional partners Work with the Governor’s Action Team to vet projects for business assistance programs Networking with potential partners, including: Suppliers Colleges and universities Law firms Accounting firms Banks Real estate professionals Construction and engineering firms

FDI Impact 6,450 foreign-owned business locations in PA* PA jobs supported by foreign firms* Of those, 1,457 are manufacturing companies* 140,402 PA manufacturing jobs* 4th largest state in the U.S. in number of workers employed by majority-owned foreign-owned affiliates Pennsylvania is ranked 5th for in-sourced manufacturing jobs 4th for in-sourced research and design jobs *Source: Dun & Bradstreet, Dec 2014, at least 50% foreign owned

Office of International business development
World FDI Trends The U.S. continues to be the world’s top destination country measured by number of jobs created by FDI, with a growth of 6% Japan and Germany maintain their positions as the second and third largest origin countries for FDI globally, with UK and France at 4th and 5th respectively. Source: IBM, “Global Location Trends, 2014 Annual Report”

PA FDI Trends Pennsylvania had a 6% increase in FDI over the previous year PA ranks 14th in the US for FDI projects FDI to PA ( ) No. of Projects 339 Total Job creation 29,335 Average project size (jobs) 86 Total Capital Investment (Capex) $12.17 b Average project size (capex) $35.90 m Source: FDI Markets database, data , Dec, 2014

FDI Trends for PA – Source Markets Source: FDI Markets database, Dec. 2014

FDI Trends - Industry Transportation equipment remains the largest sector for FDI measured by the number of jobs, accounting for 18% of jobs created from foreign investment in 2013. Tourism has emerged as a key source for foreign investment in recent years and is maintaining its position as the second largest sector for foreign investment, while chemicals is third. The life sciences sector no longer features among the top 10 sectors for foreign investment, after a decline of 25% in jobs created globally. Natural resource dependent sectors, such as minerals, metals, agriculture and forestry all experienced significant declines, with falls of 30% , 20% and 35%, respectively. Source: IBM, “Global Location Trends, 2014 Annual Report”

Re-Shoring China has in recent years experienced a significant decline in inward production investment of 44 percent compared to 2010 levels, as increasing costs and questions about quality deterred companies from locating new or expanding facilities in the country. For production activities that are less labor intensive but are relatively more sensitive to transportation costs, such as many of the production activities in the transport equipment supply chains, the changing operating conditions in China, coupled with improvements in conditions closer to home markets, are resulting in some companies locating new production facilities near or within their key markets. Key beneficiaries of this development have been Mexico and various U.S. states for the North American market. Source: IBM, “Global Location Trends, 2014 Annual Report”

Implications for Economic Development – Organizations should… Assess their location’s capabilities and competencies in areas of growth, resulting in a wish to be closer to market or leverage the latest technological improvements. emerging services competence centers new types of manufacturing facilities, Ensure that their locations align skills supply and demand in key target sectors.

Implications for Economic Development – Organizations should… Ensure that people obtain skills that are relevant for industries targeted for growth. Review the performance of their organization (along with local government, stakeholders, etc) to ensure that activities are aligned with the wider economic development strategy. Widen the mandate beyond traditional investment promotion activities to include cluster development, focusing on key target sectors and clusters and involve a number of activities to foster innovation, skills development, partnerships and entrepreneurship among indigenous and foreign companies.

Top 3 Issues for Economic Development – International Affairs 1 Export Promotion Programs Despite exports being the bright spot of U.S. economic recovery, only 1% of small businesses are exporting, describing their greatest barrier as lack of information or understanding. State international trade agencies are on the front lines steering companies through the export promotion process, from identifying opportunity in foreign markets to assisting companies with export control compliance. Exporting companies create good jobs and boost state economies. Source: Council of State Governments, Jan 2015

Top 3 Issues for Economic Development – International Affairs 2 Attracting Foreign Direct Investment The contributions to the U.S. economy by subsidiaries of foreign companies were nearly double that of U.S. companies in FDI is a proven catalyst for economic growth and states are leading the charge attracting international partners across the globe. Global trends show the U.S. share of FDI stock is facing tough competition from other regions, particularly the European Union and developing nations. Source: Council of State Governments, Jan 2015

Top 3 Issues for Economic Development – International Affairs 3 International Trade Agreements The U.S. is negotiating major agreements with the Trans- Pacific and European Union regions. On completion, these agreements will provide enhanced access to 39 new markets. States will be readying themselves for this opportunity by providing resources to exporters and preparing for challenges that may arise as a result of the trade deals. Source: Council of State Governments, Jan 2015

David Briel Executive Director, International Investment Office of International Business Development PA Department of Community and Economic Development Commonwealth Keystone Building 400 North Street, 4th Floor Harrisburg, PA

The Importance of Foreign Direct Investment:
Opportunities for Pennsylvania The Pennsylvania Economic Development Association April 21, 2015 Rebecca Moudry Acting Director, Investment Promotion & Facilitation SelectUSA, U.S. Department of Commerce @selectUSA © International Trade Administration 2015 SelectUSA.gov

Business Investment in the United States
FDI Trends and the U.S. Economy and in Pennsylvania SelectUSA: How the Federal Government Facilitates Business Investment in the United States Your Global Strategy

1. FDI Trends and the U.S. and State Economy
SelectUSA 1. FDI Trends and the U.S. and State Economy

FDI Benefits the U.S. Economy
#1 22% of U.S. Exports ~6 million U.S. jobs Average annual wage $78,927 R&D Investments The United States is the largest recipient of foreign direct investment in the world. In 2012, U.S. subsidiaries of foreign-owned firms accounted for over 22 percent of all U.S. goods exports. In 2012, subsidiaries employed 5.8 million U.S. workers. In 2011, subsidiaries contributed $455 billion in wages to U.S. employees In 2012, subsidiaries invested $47.0 billion in research and development in the United States The United States hosts the largest amount of FDI in the world. Currently, the total U.S. stock of FDI is $2.8 trillion. In 2014, the United States received $92 billion in FDI flows, according to preliminary estimates from the Bureau of Economic Analysis. U.S. subsidiaries of foreign-owned firms contribute significantly to the economy of the United States. In 2012, they supported: 5.77 million U.S. workers $455.5 billion in wages paid to employees $47.9 billion invested in research and development (R&D) $201.4 billion in property, plant and equipment expenditures Over 22 percent of all U.S. exports of goods Talking Points: FDI strengthens our economy: The United States is the largest recipient of FDI in the world. Nearly 15 percent of all goods exported from the United States are by U.S. operations of foreign-owned companies. As the U.S. government focuses on maintaining balanced trade and encouraging firms to export, it is important to encourage FDI as a means to increasing U.S. exports. When companies invest in the United States, they hire U.S. workers. Not only are 5.6 million people workers across the United States employed by U.S. subsidiaries of foreign-owned firms, they earn substantial wages: more than $77,000 per year on average. When companies operate in the United States, they are a part of its economy in the long term and invest in their physical and intellectual property. In 2011 alone, these firms owned $1.6 trillion in gross PP&E and invested $177 billion in improvements. They also spent more than $45 billion in R&D in 2011, alone. The economic impact of FDI goes far beyond capital and jobs. Companies investing in U.S. cities and communities are a part of their economic climate. They are a source of tax income, participate in the development of training programs and infrastructure, and are a valuable part of the value chain in their respective industries and business activities. Sources: Bureau of Economic Analysis; UN Conference on Trade & Development © International Trade Administration 2014

Global FDI Trends UPDATE Talking Points:
U.S. Share of Global FDI Inflows, 1980 – 2013 UPDATE Talking Points: While the United States is the largest recipient of FDI in the world, its share of global FDI has been on a consistent decline for several decades. There are several explanatory variables for this trend: First, the amount of cross-border investments happening today are exponentially higher than the 1980s. Today, the global stock of FDI stands at nearly $23 trillion. Second, more economies have opened their markets to international investments than ever before. As their economic regimes liberalize and they become players in the worldwide economy, they represent viable destinations for a company considering to invest beyond its borders. This means that the United States has competition. We are no longer the default choice a company seeking to ‘go global.’ In the 1980s, when a company was looking to invest globally, the United States was its destination of choice nearly half the time. This rate has declined to just about 12 percent today. As the United States has been the largest recipient of FDI in the world, we have not actively competed in global investment competitions. We are the only developed economy without a comprehensive national level investment promotion program. SelectUSA is the first U.S. federal government initiative to promote business investment in the United States, and to support U.S. states and regions as they compete to attract, retain, and grow business investment from across the world. Currency displayed at market values. Source: UN Conference on Trade and Development, 2013 © International Trade Administration 2014

U.S. FDI Trends Top 15 FDI Stock Positions, 2013
10% | $280.5b 20% | $540.5b 10% | $278.3b 9% | $239.0b 2% | $ 48.6b 1% | $ 41.0.b 5% | $137.3b 5% | $140.1b 4% | $117.1b 2% | $52.1b 1% | $38.4b 1% | $34.3b 12% | $344.1b 1% | $32.9b Largest Sources of FDI in the United States by 2013 Stock Position Rank Market % of total stock (2.76 trillion) Million USD 1 United Kingdom 19.55% 540,489 2 Japan 12.45% 344,143 3 Canada 10.15% 280,536 4 Germany 10.07% 278,283 5 France 8.65% 238,977 6 Switzerland 5.07% 140,142 7 Netherlands 4.97% 137,333 8 Ireland 4.24% 117,090 9 Spain 1.88% 52,085 10 Australia 1.87% 51,709 11 Sweden 1.76% 48,582 12 Norway 1.48% 40,986 13 Italy 1.39% 38,445 14 Belgium 1.24% 34,260 15 Mexico 1.19% 32,878 2% | $51.7b Source: Department of Commerce, Bureau of Economic Analysis – FDI Position by Ultimate Beneficiary Owner, 2013 © International Trade Administration 2014

U.S. FDI Trends Top 15 FDI Growth Markets, 2013
34.6% | $23.8b 20.8% | $140.1b 18.9% | $2.0m 36.6% | $202.0m 29.1% | $41.0b 14.6% | $48.6b 41.5% | $8.0b 29.3% | $11.0b 24.1% | $1.5b 21.7% | $31.5b 15.3% | $21.2b 19.6% | $14.9b 15.6% | $5.2b 14.6% | $2.0b Fastest Growing Sources of FDI in the United States by Compound Annual Growth Rate (CAGR) Rank Market 2013 Stock million USD CAGR 1 China 8,023 41.54% 2 Hungary 202 36.61% 3 Luxembourg 23,823 34.56% 4 India 11,040 29.34% 5 Norway 40,986 29.11% 6 Malaysia 1,540 24.11% 7 Korea, Republic of 31,520 21.72% 8 Switzerland 140,142 20.83% 9 Brazil 14,852 19.55% 10 Malta 18.92% 11 Venezuela 5,190 15.62% 12 United Arab Emirates 21,204 15.25% 13 Sweden 48,582 14.64% 14 Colombia 2,022 14.63% 15 South Africa 3,647 14.31% 14.3% | $3.6b Note: Figures denote 5 year compound annual growth rate ( ) of the stock FDI position and the total stock of FDI in the United States Source: Department of Commerce, Bureau of Economic Analysis – FDI by Ultimate Beneficiary Owner © International Trade Administration 2014

FDI in Pennsylvania PA Dept of Community & ED: 6,400 foreign firms
Major international companies including B. Braun Medical, Volvo Construction, Siemens, Almac, Nestle, Toshiba and others have all found a place in Pennsylvania’s vibrant business community. According to Brookings: 5.4% of private sector employment in foreign owned enterprises (above national average and up from 1991) Charles & Alice into the United States October Charles & Alice (France) is investing $10.00 m in Pennsylvania, United States in the Food & Tobacco sector in a Manufacturing project, creating 50 jobs France-based food manufacturer Charles & Alice has announced it will open a new $10m plant in East Hempfield Township, Pennsylvania, US. The company will create 50 jobs at the 5110 sq m plant by It will manufacture sugar free apple sauce. The site covers 5110 sq m. May Kydex [Subsidiary of Sekisui Chemical] (Japan) is investing in Pennsylvania, United States in the Plastics sector in a Design, Development & Testing project Kydex, a global manufacturer of design-forward thermoplastics and a subsidiary of Japan-based Sekisui Chemical, has opened a new testing facility at its operations in Bloomsburg, Pennsylvania, US. The FSTLab provides a space for suppliers, engineers, processors, and end users to collaborate with Kydex research, development and design teams on new fire-resistant technologies and materials. April Hormann Flexon [Subsidiary of Hormann Group (Hoermann)] (Germany) is investing in Pennsylvania, United States in the Metals sector in a Manufacturing project Hormann Flexon, a manufacturer of motorized doors and a subsidiary of Germany-based Hormann, has relocated its manufacturing facility from Leetsdale to Burgettstown, Pennsylvania. The company expanded to a 6320 sq m facility. January Torcomp Usinagem e Componentes (Brazil) is investing $9.00 m in the city of Chambersburg (PA) (Pennsylvania), United States in the Metals sector in a Manufacturing project, creating 73 jobs Brazil-based Torcomp Usinagem e Componentes, which manufactures machined parts and midsized mechanical assemblies plans to open a $9m, 1525 sq m machining and assembly facility in Chambersburg, Pennsylvania. Due to open in autumn 2014 within the Cumberland Valley business park, the plant will employ 73 staff by 2017. November Almac Group Ltd (UK) is investing in Pennsylvania, United States in the Pharmaceuticals sector in a Headquarters project UK-based clinical research company Almac Group has expanded API and drug product stability storage capacity at its North American headquarters in Souderton, Pennsylvania. Almac’s new storage capacity enable conditions of 25, 30, 40, five and –20 degrees centigrade to be offered. This move forms part of a $2m investment programme. October Osstem (South Korea) is investing $ m in the city of Falls (PA) (Pennsylvania), United States in the Medical Devices sector in a Manufacturing project, creating 70 jobs Osstem, a South Korean manufacturer of titanium dental implants, is to establish a new manufacturing facility in Falls, Pennsylvania. The company will invest US$70 million over the next five years, and expects to create 600 jobs. 29

FDI in Pennsylvania In 2012, U.S. subsidiaries of foreign owned firms employed 275,300 workers in Pennsylvania, with 111,000 workers in the manufacturing sector. The majority of FDI is from Western Europe and Canada. FDI into Pennsylvania by Major Industry FDI Employment in Pennsylvania by Market, 2012 United Kingdom…..20% Germany…..14% Netherlands…..13% Japan…..8% France…..8% Canada…..7% Foreign Direct Investment (FDI) in Pennsylvania plays a role in supporting jobs in the states. Majority-owned, U.S. affiliates of foreign firms now employ approximately 275,300 workers in the state. Since 2003, 343 FDI projects have been announced in Pennsylvania. At their announced levels, these projects represent $12.35 billion in capital investment. The largest sectors attracting FDI investments are Industrial Machinery with 11% of all projects and Business Services with 10%, as shown by the accompanying graph. Manufacturing is the leading industry sector with approximately 111,000 jobs in Source: U.S. Bureau of Economic Analysis

Source: www.FDIMarkets.com
FDI in Pennsylvania Since 2003, fDimarkets.com reports 347 global companies have announced investment projects in Pennsylvania. If completed at announced levels, they represent more than $12.45 billion in capital investment and creation of 29,400 jobs. Why do foreign firms choose Pennsylvania? Canada 4 Proximity to markets or customers 39.3 Skilled workforce availability 28.6 Domestic Market Growth Potential 21.4 IPA or Govt support 21.4 Infrastructure and logistics 14.3 Industry Cluster / Critical Mass 10.7 Lower Costs 10.7 Finance Incentives or Taxes or Funding 8.9 Attractiveness / Quality of Life 7.1 Presence of Suppliers or JV Partners 7.1 Other Motive 14.3 Source:

SelectUSA 2. How the Federal Government Facilitates Business Investment in the United States

About SelectUSA SelectUSA’s mission is to promote and facilitate business investment in the United States. It is housed in the U.S. Department of Commerce and represented by the Commercial Service at U.S. Embassies and Consulates around the World. SelectUSA is geographically neutral and represents the entire United States. It upholds the U.S. open investment policy and performs uniquely federal functions. Our Clients: U.S. States, Regions, and Localities Companies (investors) SelectUSA Report: Winning Business in the United States We periodically put out reports, which are published on our website. They can contain quotable snippets

SelectUSA Can Help Key SelectUSA Services Offered to Companies and EDOs: Information and Counseling: To offer strategic insights and subject-matter expertise to companies and EDOs on business investment in the United States. Ombudsman Assistance: for companies and EDOs with questions or concerns about U.S. federal rules and regulations. Advocacy: For EDOs facing international competition on investment projects by engaging support from high-profile U.S. Government officials. In-Market Investment Promotion Platform: Fee-based platforms EDOs use to market their locations to targeted investor audiences. We offer facilitated investment missions (FIMs) and organize Single Location Promotion (SLP) programs.

Information & Counseling
SelectUSA Services: Information & Counseling SelectUSA can assist communities: Identify and utilize resources Connect with colleagues in-market Develop in-market promotion events Implement a global strategy EDA Best Practices Case Studies interactive tool Cluster Mapping tool and registry Goals: Market research to inform your FDI strategy/justify your FDI strategy to legislators – the same tools we can use to assist companies, we can use to assist EDOs ACE Tool FDI Best Practices Cluster Mapping Tool – EDA funded venture with Harvard Business School; macro level open source data that can show cluster activity – not just where you would expect the existing clusters, but potential future clusters (those that are just gaining momentum)

Lufthansa SelectUSA Case Study:
A new aviation maintenance, repair and overhaul facility, which will service short-haul and medium-haul aircraft. Expected to create up to 400 permanent jobs. With the support of Vice President Biden, the White House National Economic Council, and the President’s Task Force on Puerto Rico, the SelectUSA team worked with the Puerto Rico team to offer Lufthansa information and assistance from across federal agencies and departments that not only assisted in making their decision but demonstrated why the United States is the top destination for foreign direct investment. Washington, DC – April 10: Penny Pritzker, Alejandro Garcia Padilla, August Wilhelm Henningsen, and Peter Ammon attend a signing ceremony for an agreement to create a new Lufthansa Aviation Facility in Puerto Rico at the German Ambassador Residence on April 10, 2014 in Washington, DC.

In Market Promotion SelectUSA Connections for U.S. States and Regions:
Single Location Promotion Tailor-made events developed collaboratively, promoting individual U.S. jurisdictions as FDI destinations Promotion events or receptions, one-on-one meetings with investors and other key partners Facilitated Investment Missions USFCS-led program that provides participating EDOs a suite of fee-base services Sector-based trade shows, participants receive competitive registration fees including attendance at special events, booth space, translation services, schedule of meetings and logistical assistance SelectUSA-organized events and Road Shows to multiple stops in one country or a group of markets

In-Market Promotion Programs*
SelectUSA Services: In-Market Promotion Programs* Visit for details: 2015 March 23-24: Washington, DC – SelectUSA Investment Summit April 13-17: Hannover – Hannover Messe May 4-7: SelectUSA at Offshore Technology Conference May 12-14: Mexico Road Show May 18-29: Greater China Road Show May 19: Spain Forum June 15-18: SelectUSA at BIO 2015 June 18-20: SelectUSA at the International Franchise Expo October 26-28: Aerospace FDI Exposition TBA: Japan, Brazil, India, Nordics Road Shows *Outreach Programs offer information and services to both firms and EDOs

The 2015 SelectUSA Investment Summit
March 23-24, 2015 2,600+ attendees 1,300 Foreign Firm Participants led by 45 U.S. Ambassadors Thank You, Pennsylvania! Pennsylvania Dept. of Community and Economic Development (exhibitor) Core PA Global (exhibitor) Cambria County Economic Development Authority City of Philadelphia,Commerce Department Pittsburgh Regional Alliance York County Economic Alliance Innovation Collaborative SelectUSA.gov

SelectUSA 3. your global strategy

The Need for Strategy What are your assets? What makes sense for your unique region? Outline the strengths and weaknesses in your investment climate Conduct a “Globalization Audit” Identify possible source markets and priority sectors for investment What comparative advantage exists for your region? Be realistic - Focus on a finite number of target sectors 630,000 publicly-traded companies in the world 125 million formal micro, small and medium enterprises in 132 economies What global companies are currently in your region? Do you have a relationship and understand their needs? Have you analyzed where investment and exports come from and go to? What assets are in place to attract and retain global companies? Have you mapped gaps in the supply chain? Where is there room for improvement in supporting FDI promotion, as well as BRE? What policies will correct deficiencies?

The Need for Strategy Moving into Action: When you Go
Know the decision making process for an investor What will they look for? What are their sticking points? Familiarize yourself with the markets you visit, and the industries and firms you want to attract – be an expert Be the chief salesperson for your region, always from the perspective of the investor Implement Business Retention and Expansion Tools Prioritize Investor Care Quick response time to inquiries (some from SelectUSA) Create a standardized framework for managing cases Establish metrics to track clients, successes, and areas for improvement Open communication with decision makers at the state and local levels Be prepared and willing to handhold an investor throughout the process Always follow-up with Aftercare Your presentation must go beyond describing your region. Be the salesperson..idenitfy with the the

The Where and Why of Your Location
Tactical introduction to your state, region, city What is your brand? Don’t go it alone! Partnerships are key New York, California, Florida and Texas are the most frequently recognized States by foreigners

What about Reshoring? It is a reality, largely due to:
Calculations of total operation costs Rising costs internationally A move to regional production and distribution U.S. competitiveness in energy and input costs A strong export platform Do you need a reshoring strategy? Covers the top reasons for investing and sourcing in the U.S. Canada 4

Resources Country Fact Sheets
Customized investment data, talking points and investment overviews Competitiveness of the U.S. economy Announced investments and investment successes POC with international specialists Let Us Know How can we Help What are your target markets? Where are you planning activities? Are firms confronting challenges?

Follow @SelectUSA on Twitter | Join us on LinkedIn
Thank You Rebecca Moudry Acting Director, Investment Promotion & Facilitation SelectUSA - U.S. Department of Commerce Catherine Werner Investment Specialist – Regional Portfolio Manager Twitter | Join us on LinkedIn © International Trade Administration 2015 SelectUSA.gov

Two Companies in PA after I located One in Alabama?
Why Did I Locate Two Companies in PA after I located One in Alabama? Seung-woo Song (Freelancer)

LOCATION 5 major airports in 3 hours 2 hours to NY & 3 hours to D.C.
NY – Buyers & money (Information) D.C. – Regulation (FDA / NIH) and information

EMPLOYMENT Easier for healthcare related employment
There are many good universities, colleges and institutes Lower salary burden than NY and D.C. Very good school districts (Good education for children)

COST Buildings & rents are more reasonable than NY and D.C.
Housing price is lower General living costs are economic

SUPPORT FROM PA STATE Dedicated and detailed supports from Pennsylvania state on foreign start-ups Helped family settlement well(This is one of the most important facts but many overlooked.) David Briel helped us macro and micro. Many overlooked to help family matters but family matters more than job sometimes so when family is happy then I can locate the company even better. David found almost all my family needs to locate the life here so I located two companies very easy.

SUCCESS STORIES Osstem Implant
* Sales was USD 30 Mil last year (90 Jobs) Meta Biomed * Sales was USD 8 Mil last year (8 jobs) * More than 50% growth every year in South America * In preparation of manufacturing facility

Korea South Has 5,000 years old history Capital City : Seoul
Population : 50 Million Economy : 13th largest in the World Located among China, Japan and Russia First Female President Famous Singer : Psy Kangnam Style Korean Companies: Samsung, Hyundai, LG, Kia

Thank You S.W Song

Attracting Investment and Re-Investment: Maximizing Partnerships & Opportunities #PEDAspring15 @investPA @myPEDA.

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