Eastern Mediterranean Regional Office Tel Aviv

Presentation at AgroMashovRichard Schottenstein January 13, 2010

Office Location

Ohio Office – Tel Aviv

What We Do

• A Find Distributors and Agents for Ohio Companies

• Help Israeli companies enter the US market (j.v., marketing,

production, service or distribution)

The State of Ohio• Ohio Stats:

– 11.5 million– 7th in the nation in population– GDP of $471 Billion (2008)– 3rd largest manufacturing State

• Three Large Industrial Cities:– Cincinnati (2.1 million)– Cleveland (2.2 million)– Columbus (1.75 million)

Ohio – Our Other Homes for Business

• Akron – World’s Plastic and Rubber Capital

• Dayton – Home of America’s largest Airbase & Air Force R&D, NCR, Mead

• Toledo – World’s Glass Capital: Owens-Corning, Libbey Glass, Owens-Illinois

Location, Location,

7th in the nation in population size with 11,478,000 Ohioans.5.8 million strong labor force exceeds the population of 35 other

states.

Ohio is located within 1,000 km •80 percent of U.S. corporate headquarters•70 percent of North American manufacturing•62 percent of all US and Canadian manufacturing locations•61 percent of the U.S. population•50 percent of the Canadian population

Easy access to profitable markets lowers your cost of doing business

• For the third year in a row Ohio ranked first in the United States in the number of private investments.

• Ohio has over 1,000 international-owned establishments from 26 different countries. Employing over 180,000 Ohioans.

• Ohio is a leading exporter – ranked 7th nationally

Ohio: A Global Business Leader

Strong supply chain across numerous key industries improves efficiency and increases profits

• Advanced Energy & Environmental Technologies– First Solar

• Motor Vehicles and Parts Manufacturing– Honda, GM, Ford, Chrysler

• Instruments, Controls and Electronics – AK Steel, Timken, ABB, Lincoln Electric

• Polymers and Advanced Materials– Goodyear, PolyOne

• Bioscience and Bioproducts– P&G, Amylin, Cleveland Clinic, Cardinal Health

• Distribution & Logistics– BAX Global, Cardinal Health

• Aerospace & Aviation– GE Aircraft Engines

• Corporate and Professional Services– Nationwide Insurance, National City Bank, Fifth Third Bank

• Agriculture & Food Processing– Kroger, JM Smucker,

Ohio Exports

• Ohio exports had a total dollar value of $45.5 billion in 2008

• In 2008, Ohio was the 7th largest exporting state

• Ohio is the only state whose exports have increased every year since 1998

Why Ohio Works forFood and Agribusiness

• 6th in U.S. food processing• 935 food processing facilities• $80 Billion Industry• New ethanol production facilities

Why Ohio Works forFood and Agribusiness

Profitable faster because Ohio’s strategic location brings all elements comprising food production and food processing.--farming, seed supply, agrichemicals, agro-bioscience, farm machinery, production, marketing and distribution.

Ohio is home to food industry leaders such as:Kroger, J.M. Smucker, Honeybaked Foods, Inc., Chiquita Brands International, and Bob Evans Farms.Ohio’s food and beverage manufacturing industry exports equal $25 billion annually.

Attracting New Foreign Direct Investment

• Site Selection Assistance• Supply Chain and Market Assistance• Investment Incentives

– grants– financing– tax credits and abatements

What’s New in OhioTAX REFORM

• NO Corporate Income (Franchise) Tax• NO Tangible Personal Property Tax• Only other states with no corporate tax:

Wyoming, Nevada and Washington State

Tax Reform

What you need to know:OHIO

Cost of LivingApprox. 30% Cheaper than

either coast

What’s New in OhioTHIRD FRONTIER PROJECT

• $1.1 billion in state funds approved to strengthen Ohio’s technology-based economy – similar to Israel’s Chief Scientist program

Thank You!Richard Schottenstein, Managing

DirectorOhio Eastern Mediterranean Regional

Office Tel-Aviv

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