Washingt hington on-China China Chamber mber of Commerce mmerce Delegation to China September 16th – 27th, 2012 FAUQUIER COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT
PUR URPOSE POSE OF OF VI VISI SIT Establish Sister-City relationship with City of Liyang, located in the Province of Jiangsu Establish relationships with government officials and potential business investors Information Exchange Learn about economic development in southern Jiangsu Province Learn the interests of Chinese investors & entrepreneurs
MEMBERS OF DELEGATION Pe Peter er Su Jack k Barry Mark k Zhou Virginia Governor’s Office and Assistant President, Stone’s Cove Kitbar Vice President, Washington China Secretary of Commerce and Trade Chamber of Commerce John Owen President, Yuhua Electric Equipment Jimmy Yang President, Beach Development Group President, Washington China Chamber Allen len Xue of Commerce Ricky ky Brow own Vice President/Attorney, Washington President, RL Brown, Inc. China Chamber of Commerce Terry Kilgor lgore Founder, Anova Law Firm Virginia House of Delegates and Norman an Wear Chairman of Commerce and Labor Managing Partner, UTS Management Yunming ing Song Committee Services, LLC President, Chinese Association for Science and Technology John Sample le Sheryl l Rutledge edge Schultis ultis Electronic Marketing Specialist, Virginia Attorney, Charles L. Fishman, P.C. Richa hard d Tao Department of Business Assistance Secretary General, Washington China William liam Y. Tao Chamber of Commerce Larry Joe McReynolds nolds Investment Associate, Provident President, Wuxi Association of Principal, Oliver Coal Sales, Inc. Healthcare Partners Greater DC Area Thomas Baker Anton ony Ni Attorney and Business Affairs Manager, Chairman, Washington China Chamber Kilgore Law Office of Commerce President, New World Times Ali i Eshgh President, The Devin Group
JI JIANGSU NGSU PROVINCE VINCE
JI JIANGSU NGSU PROVINCE VINCE • Arrival in Shanghai, drive to Jintan • Jintan (1 night) • Liyang (2 nights) • Changzhou (2 nights) • Nanjing (2 nights) • Wuxi (1 night) • Shanghai (2 nights)
ACTIVITIE IVITIES The purpose of organized activities were to make introductions and build relationships among members of the delegation, government officials, and potential business investors, and provide opportunities for group members to learn about economic development in southern Jiangsu. • Liyang Sister-City Signing Ceremony • Business Signing Ceremonies Formal and informal luncheons and dinners • with government officials • Trade Shows, including the Changzhou Intelligent Robot Technology & Application Forum , and Opening Ceremonies for the Changzhou Science & Technology Trading Fair
ACTIVITIE IVITIES S (CONTINUED CONTINUED) • Information exchanges – presentations on visiting cities and presented information about Fauquier County Tours of several Development Zones • • Tour of university campus, and vocational school • Several tourism sites including Bamboo Grove in Liyang, Tianmu Lake in Liyang, and religious and cultural sites
SI SIST STER ER-CIT CITY LIY IYANG NG A primary purpose of the visit to China was to establish a Sister-City relationship with the city of Liyang. On September 19 th , a large signing ceremony was held during which information about Liyang and Fauquier County was exchanged, and a formal signing of the Letter of Intent was held.
ABO BOUT UT LIY IYANG NG • Located in the coastal area of East China and the center of the Yangtze River Delta • Several river channels and canals that can accommodate 1000-ton ships for bulk cargo • Liyang 592 square miles in area • Large consumer market with a population of 780,000 in Liyang, and a population of nearly 200 million within a 124-mile radius of Liyang • High per capita disposable income of urban residents Business projects of less than $30 million are examined and • Five International Airports within 155-mile radius approved within one working day if all documents required • Four major expressways and two additional under are complete. construction • Express Rail under construction
ABO BOUT UT LIY IYANG NG • 60% Farmland, 30% Mountain and 10% Water • Agricultural products such as forest, tea, and fruit are grown in the Southern Mountain area; Poultry raised in Northwestern Mountain area; Fisheries, white celery and fish head soup are local specialties. • Over 4,000 Manufacturing enterprises with four traditional Industries: • Power Transmission/Distribution Equipment Manufacturing • Metallurgy and Metal Processing • Mechanical Equipment Manufacturing • New Construction Materials • Well-developed vocational education of over 5,000 technical skills required for the different needs of local manufacturing companies
ABO BOUT UT LIY IYANG NG • Liyang has a healthy rural tourism industry, boasting three resorts, Tianmu Lake, Nanshan Bamboo Grove, and Yushui Hot Springs; and over 200 farmhouses, where visitors can pick their own fruit and taste local foods. • Liyang received 9.2 million tourists from China and abroad in 2011.
GROWTH INDUSTRIES While traditional industries, like the textile industry are still growing, there has been a focus on growing manufacturing in three particular industries: New Energy, New Materials, and Advanced High-end Equipment. Textile Manufacturing Solar & Wind Power Equipment Manufacturing High-end Equipment Manufacturing Electronic Equipment Manufacturing Biomedical Manufacturing
DEVELOPMENT ZONES Within Development Zones or Industrial Clusters, are various industry-specific Industrial Parks with corresponding infrastructure. In this example of the Changzhou zhou Nationa nal Hi Hi-Tec ech h Distr strict ct, several industrial parks are located in Zone 7, including: • Semiconductor Lighting Industrial Park • Robot and Intelligent Equipment Industrial Park Wind Power Industrial Park • • Changzhou Science & Education Town Other Common Industrial Parks: • New Energy Vehicle Industrial Park Biopharmaceutical and Medical • Industrial Park PV Industrial Park •
PROMOTION OF DEVELOPMENT ZONES • Each city visited offered facilities for the promotion of economic development, featuring information and sophisticated displays about development zones and projects. • Exceptional promotional materials • Large business signing ceremonies
PROMOTION OF DEVELOPMENT ZONES
POTENTIAL OPPORTUNITIES • Fauquier County business owners and entrepreneurs seeking investors • EB-5 Program Opportunities • Wine Exporting and other Agricultural Opportunities • Opportunities working with other members of the delegation
THE EB-5 PROGRAM The EB-5 program was created by Congress to encourage foreign investment in the U.S. that would create jobs. • Foreigners must invest a total of between $500,000 (in areas that are rural or have an unemployment level that is 150% of the national average) to $1 million in all other areas in new commercial enterprises that produce at least 10 jobs. • In exchange for these investments, the US government will issue the investors greencards allowing the investor and his family to become permanent residents of the US. Initially the approval to live in the US is conditional. However, after a period of about 3 years from the time of investment, the investor's conditional status can be changed to permanent if it can be proven that at least 10 jobs were created. • The program has become increasingly popular for business seeking investment during the economic downturn and for foreigners seeking entry to the United States. The program is attractive to businesses because most investors receive a minimal return on their investment -- 3% to 5%. Moreover, because the investor's money must be "at risk" during the investment period, businesses are not required to promise that the investment will be returned at the end of the time period over which most investments are made -- 5 years. On the other hand, investors will chose projects that they think are the most secure. Businesses seeking investment will be required to provide to prospective investors an extensive business plan for the project that outlines how the money will be spent and the jobs created. • The program was reauthorized for a period of 3 years in 2012. While there are 10,000 visas allotted to the program per year, the government has never reached the maximum levels.
Washingt hington on-China China Chamber mber of Commerce mmerce Delegation to China September 16th – 27th, 2012 FAUQUIER COUNTY DEPARTMENT OF ECONOMIC DEVELOPMENT
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