A new 2008/2010 survey issued by the Representative of German Industry and Trade (RGIT) shows that German-owned affiliates provided a total of 614,000 jobs according to the latest data available. German-owned affiliates account for 11% of the 5.6 million jobs created by foreign companies in the United States. The top 3 states nationwide when it comes to jobs created by German-owned affiliates are California with 61,000 jobs, New York with 42,000 jobs, and Pennsylvania with 38,000 jobs. U.S. subsidiaries of German-owned firms play a vital role in the U.S. economy. Competitive German businesses contribute to the economic health and prosperity of American communities. These subsidiaries create well-paying jobs for American workers.
“The United States is still an attractive place to do business. German investors continue to invest and create jobs here,” says Thomas Zielke, President of RGIT. “Investment is not a one-way street. Investment usually benefits international trade and thus creates or secures jobs on both sides of the Atlantic. We therefore welcome the White House’s commitment to an open investment policy announced on June 20, 2011,” he pointed out.
More information http://www.rgit-usa.com/news-modul/news-single/artikel/2011-update-of-german-business-matters-a-state-by-state-analysis/
RGIT's weekly German-language Newsletter „Washington News“ reports on current political, economic and legal developments in the United States, that are relevant for the transatlantic trade. The newsletter presently has over 850 subscribers and reaches up to 1550 people weekly through internal multiplication by the subscribers. Subscribers also have access to our Washington News archive on our website.
If you are interested in subscribing please send an email to firstname.lastname@example.org.
+++++ NYSE exec sees job losses after Deutsche Börse merger +++++ GM assures Opel CEO: no sale talks +++++ Evergreen Solar scales back solar panel supply +++++ US files expected tax case against Deutsche Bank +++++ Peter Loescher of Siemens AG receives McCloy Award +++++ GE and Gehrlicher Solar start solar park construction in Germany +++++ Siemens takes stake in American CPV specialist Semprius +++++ German radioactive waste approved for Tennessee +++++ American to codeshare on Air Berlin’s New York JFK-Berlin route +++++ Deutsche Bahn mulls closing US logistics arm +++++ Siemens CEO: 'mismatch' between US jobs available, skills needed +++++ Afghanistan drawdown: Germany to follow Obama's lead +++++ Senator Boxer to BMW: don't destroy California jobs +++++ Germany - new Coordinator for Transatlantic Cooperation +++++ German carmakers start US offensive +++++ Deutsche Börse buys US economic indicator +++++ Henkel cutting Scottsdale workforce +++++ TecnoSun Solar USA launches in Ohio +++++ Sales software firm Savo gets $14 million from SAP, others +++++ SolarWorld to focus on US and German PV manufacturing sites +++++ T-Mobile spent $690,000 to lobby US government in 1Q +++++ Terex clinches 68 percent Demag stake +++++ Solar monitoring firm meteocontrol in North American push +++++ Gerresheimer mulls M&A, could take on loans +++++ Providence cashes in on Kabel Deutschland +++++ Siemens USA creating 400 green jobs in efficient building technologies +++++ OM Group to buy German technology company +++++ BASF to consider genetically modified crop exit in Germany +++++ German DEV Systemtechnik expands US presence +++++ CareFusion buys German pharmacy machinery maker +++++ Jack Wolfskin buyout backed by EUR 500 million loan +++++
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Access to several US bid invitations remains closed for German companies
By Ullrich Umann (Germany Trade and Invest)
German companies wanting to participate in public bid invitations in the US should undergo a meticulous preparation process. Statutory provisions and regulations on various administrative levels regarding the support of small and medium businesses (SMBs) make it sometimes almost impossible for foreign bidders to submit a bid. In some cases, ‘Buy America‘ regulations or lack of transparency before bidding make for insurmountable obstacles. The European Commission shows concern about the current situation. While regulations set to keep foreign bidders from public procurement have somewhat of a tradition in the US - ‘Buy America‘ already played a major role in the 1930s in legislature - discrimination in the public procurement process regarding nationality or size of bidding company can only be seen as outdated in times of national economies merging and interconnecting and free world trade, which the US administration is striving for as well.
Read the full version of the article on page 18 here.
The German American Chamber of Commerce, Inc. cordially invites you to a luncheon honoring
Philip D. Murphy
Ambassador of the United States to Germany
The Ambassador will speak on German American economic relations:
"The Transatlantic Business Relationship: Greater than the Sum of its Parts”
Please join us for this special occasion on
Wednesday, August 3rd, 2011
12:00 – 2:00 PM
To register and for more information, please click here.
Feeling a slight summer crave for a chilled lager or a “kühles Blondes” as we say in Germany? We would like to invite you to join us on a tour of the Brooklyn Brewery to find out more about this brew and the brewing facilities. In the 19th century, Brooklyn, with a growing German population, became one of America’s most important brewing centers. Let’s explore how much German is in this Brooklyn beer, because it is claimed that the recipe for the Brooklyn Lager was actually developed by a 4th generation German-American who had inherited the brewing recipe from his German grandfather.
Come and venture out of Manhattan for a change to join us for this year’s YEC summer social. The tour of the brewery starts at 5:00 p.m. (sharp!) and will include a guided tasting.
Date: Thursday, August 11th, 2011 at 5:00 p.m. (sharp)
To RSVP and for further information, please click here.
Dress to Express
Recently, an intern we know confessed that it was hard for him to get to know people in his primarily-German company because people didn’t dress to express themselves individually. Sounds odd at first, but hear us out. Everyone in his office was very concerned about ‘dressing the part’ and coming across as a generic polished business person. He was accustomed to the more American way of outward individual expression, through the use of color (or purposeful lack of), patterns (or solids), or…well, anything but the traditional suit and tie. It took him forever to learn who everyone was because to him, everyone seemed like carbon copies of everyone else.
In Germany, ‘business pedigree’ is important. Before a major meeting happens, respective parties want to know who they are meeting and what makes these people important. Are they on the same business level? Is this going to be worth my time? The typical German business person wants to know that whomever they are making the time to meet and do business with has ample experience and authority within their company. How a person presents himself/herself and the resume he/she can offer is crucial in German business interactions.
>>> Continue reading How We Sink, our intercultural blog.
September 13 -16, 2011, New Delhi, Pragati Maidan
electronica India and productronica India 2011 are the leading shows of their kind in India and South Asia. Presenting electronic components and systems as well as electronics production, the international platform provides information about innovations of the entire value-added chain of the electronics industry. More…
Book your booth space today – there are still a few spots left!
The admission is free upon registration. You may register online starting October 2011.
Register online now and save waiting time onsite!
Please contact Ms. Sabine Kallup, PH: 646-437-1012, Email: email@example.com
ENEREXPO MAROC offers an international platform for the leading energy industry and will be launched as a part of the established “Salon International de l’Eléctricité & des Energies 2011”.
Morocco has a booming renewable energy market, which needs an international platform to exchange business activities. Supported by the Office National de l’Eléctricité, the German Chamber of Commerce and Industry in Morocco and the German-African Business Association, ENEREXPO MAROC gives you the advantage of changing and establishing lasting business relationships in the fast- growing market. More…
Fill out the application form today and reserve your booth space!
In case you need more information, please contact Sabrina Weimer, PH: 646-437-1016, Email: firstname.lastname@example.org
“We are happy to introduce our All-Inclusive Trip to productronica 2011 in Munich, Germany. productronica is the world’s leading trade fair for all aspects of innovative electronics production. In 2009, the show attracted 1,150 exhibitors and more than 28,000 visitors from 87 countries. Besides all that, Munich, host city for the trade fair, also has a lot to offer – Bier, Lederhosen and the world-famous Bavarian flair. Come and join the trip. More…"
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