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Invest in California a Guide for Irish Companies

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Invest in California a Guide for Irish Companies Invest in California A Guide for Irish Companies #AmCham4Growth ABOUT CALIFORNIA CHAMBER CALIFORNIA GOVERNOR’S OFFICE OF OF COMMERCE BUSINESS AND ECONOMIC DEVELOPMENT The California Chamber of Commerce is the The Governor’s Office of Business and AmCham Emerging Our team is here to largest, broad-based business advocate to Economic Development (GO-Biz) serves government in California, working at the state as the State of California’s leader for job and federal levels to influence government growth, economic development, and business FDI Programme support yours actions affecting all California business. As assistance efforts. Our teams are comprised a not-for-profit, we leverage our front-line of experts that span industries, geographies The Chamber’s Emerging FDI programme is aimed at If you work for an Irish company and are planning to expand knowledge of laws and regulations to provide and business backgrounds. supporting the Irish companies choosing to enter the US into the US market- this guide is here to help! We have drawn affordable and easy-to-use compliance market. from the insight and experiences of Irish companies that have products and services. successfully expanding into and across the US. They have The Chamber draws from the expertise of our established CONTACT US shared with us things that they wished they had known from working groups and Transatlantic networks, offering best the start, and their key tips for beginning the journey. CONTACT US practice sharing and peer support. This working group meets 877-345-4633 every 6-8 weeks. If you would like to learn more please Our team, along with our partners in Enterprise Ireland and PHONE (916) 444-6670 [email protected] contact Stephen Hopkins – [email protected] Select USA will make every effort to support yours- we wish you every success! FAX (916) 325-1284 California Chamber of Commerce MORE INFORMATION ADDRESS 1215 K Street, Suite 1400 In association with GO-Biz business.ca.gov Sacramento, CA 95814 Business Assistance businessportal.ca.gov WEBSITE www.calchamber.com/Ireland Permit Assistance calgold.ca.gov 2 3 CALIFORNIA PRESENT IN IRELAND California based companies with a presence in Ireland include: Irish- California Trade Relations Figure 1** According to the Irish Consul General in San Francisco (February 2019 NAICS Total All Merchandise 2019), Irish companies employ approximately 100,000 Americans Exports from California to Ireland in the US, and of those about ten percent or 10,000 jobs are in California.* Approximately 140 Irish companies now are established in the Western US, primarily in California. And CA-Irish ties run deep, with ten percent of the Bay Area identifying as Irish Americans. In 2019, California exported almost $1.1 billion to Ireland, providing 11.8% of total US exports to Ireland, and making California one 21 % of the top exporting state to Ireland. Top exported products in 2019 included computers/electronic products and chemicals, accounting for 39% and 21.9% of the total, respectively. Followed 39 % by manufactured commodities and special classification provisions. 8.6 % 9.5 % 21.9 % 10.000 Americans employed by Irish PRESENT IN CALIFORNIA companies in California Computer and Electronic Products Irish companies with a presence in the region and state include: Chemicals Miscellaneous Manufactured Commodities Special Classification Provisions $1.27 bn All Others IN EXPORTS TO IRELAND 4 * Source: Enterprise Ireland ** Source: U.S. Department of Commerce *** LA Business Journal, V. 40 No. 21, 2018 5 Ambassador Eleni Kounalakis, Lt. Governor of California • GO-Biz provides no-cost, confidential services for incentive Daunting challenges have never held us back and they never and grant navigation. A team of business development will. We will remain steadfast and committed to our values specialists will guide you through the available tax credits, that champion people and planet. Governor Gavin Newsom grants, and financing assistance options that are available often says that California is America’s coming attraction. We to your business. are where the future is born and our innovative spirit includes a commitment to creating a socially just, environmentally To our friends • In 2020, GO-Biz awarded 46 businesses $228 million sustainable level playing field – believing that anyone, no California Competes Tax Credits in exchange for those matter who they are or where they live or come from, should companies’ commitments to create just over 15,000 new, in Ireland, have access to the tools and resources needed to build a quality, full-time jobs and make over $3.4 billion in capital better future for all. investments in California over the next 5 years. Thank you for the many important contributions Irish companies • In October, the state’s Employment Training Panel Greetings from the Golden State, where we are so very proud Dozens of California-based companies have a presence in have made to our state and for your lasting friendship and announced an investment of more than $8 million to train of the long and intertwined history we share with the Emerald Ireland, including Adobe, Airbnb, Google, Hewlett Packard, partnership. Isle. Since our earliest days during the Gold Rush of 1849, Intel, LinkedIn, and Wells Fargo. More than 36,000 Irish more than 6,000 people. we have forged unbreakable cultural and economic ties with nationals are employed by those companies. About 140 Irish • Whether your goods move through ports, trucking We welcome you here in California Ireland that continue to bind us closely together today in the companies have operations on the West Coast of the United companies, airports, railroads, or warehouses, California and look forward to working together 21st century. And just as these ties have helped both of us to States, primarily in California, and more than 50 California- has some of the best logistics infrastructure in the world collectively with you to build a future we grow our economies, so too will they be fundamental to our based businesses have Irish founders. and our Sustainable Freight Unit maintains direct links with shared recovery following the COVID-19 pandemic. We are proud that enhanced trade and investment with industry business owners and leaders. can all be proud of! California and Ireland have long recognized that our prosperity California will be a key component of Ireland’s effort to double and economic strength depend on effective relationships the scope and impact of its global footprint in the years ahead with the people, businesses, and governments of our foreign under the Global Ireland 2025 initiative. As Irish companies look We want Ireland and the world to know that California and partners. Now, more than ever, we know that we must work to California, I want you to know that our team at the Governor’s our thriving innovation economy is open for business; that collaboratively with our international trade and investment Office of Business and Economic Development (GO-Biz) is here nowhere else will you find such a combination of future- partners to lift one another up, to support our displaced to support your efforts. oriented entrepreneurs, bold investors, skilled workers, and workers, and to continue leading the way in the realms of world-class institutions of higher education; and that our trade technological advancement and innovation for which California and investment strategy leverages the state’s leadership and Ireland are so well known. in technology, energy, and sustainability. Whether your business interests lie in technology, aerospace, biosciences, In 2019, California exported nearly $1.1 billion to entertainment, manufacturing, agriculture, tourism and Ireland—12% of total U.S. exports to the country. Total travel, or in any other field of commerce I can assure you trade, both exports and imports, between California and that you will find open doors and ample opportunities for Ireland was almost $3 billion in 2019. success and prosperity in California. 6 7 CALIFORNIA BUSINESS WHY CALIFORNIA? INVESTMENT SERVICES California Business Investment Services (CalBIS) provides assistance directly to businesses of 1,300+ any size and industry. From initial site search to Local, state, and federal grand opening, CalBIS connects private sector needs to public sector resources. partners to help business location and expansion $1.3bn Incentives available in 2020 California Business Investment Services include: SITE SELECTION PERMIT & REGULATORY ASSISTANCE #1 Companies looking to locate or expand in California CalBIS assists businesses of all sizes and industries can benefit from no-cost, confidential site selection to register, acquire licenses and permits, and remain services. CalBIS engages state, local, and utility in compliance with California regulations. CalBIS also Manufacturing Output, partners to help businesses find the right California facilitates mediation between businesses seeking location. permit assistance and relevant state and local Businesses and Employment authorities. INCENTIVE NAVIGATION The CalBIS team of business specialists guide companies through the state’s available tax credits, grants, resources, and financing assistance options. From the California Competes Tax Credit to Opportunity Zones, CalBIS is a resource for businesses that want to invest in California. * Sources: GO-Biz, ETP, California State Treasurer, CARB, National Association of Manufacturers 8 9 OUR MENTOR TEAM ACROSS THE US Sean Sheehan Joseph Barrett Chief Executive, Wisetek Chief Operating
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