May/June 2011 | Trade and Industry Development

May/June 2011

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Trade & Industry Development Magazine

Trade & Industry Development - May/June 2011

One of the chief problems that has plagued the business world since the beginning of the Great Recession is the ability to finance new projects and expansions. While the credit market isn't frozen, it's been moving at a pace much closer to glacial speed than the speed of light. This inability to access capital has frustrated many companies that need to grow, and has hampered the economic recovery - because before there can be a significant acceleration in job creation, facilities need to be built and equipment needs to be purchased. And before any of that can occur, more often than not capital needs to be raised. This is especially true for small business, which, as is widely known, creates two thirds of all new jobs. Therefore, in this issue we have put together a "dream team" of experts from diverse backgrounds to offer sound advice and solutions for overcoming the financial roadblock. They have the knowledge and experience to help you "work the problem" and get your projects moving forward.

We also focus on the Aerospace and Automotive industries in this edition. Dennis Donovan offers excellent advice on what needs to be taken into account when siting Aerospace facilities. And Larry Gigerich provides a close examination of the Auto sector, and what ought to be considered when expansions become necessary. In her Supply Chain article, Jennifer Alten explores various trends taking place across the country, and Linda Dobel describes how local economic development corporations have helped companies finance their projects. We have enlightening updates from the AIA, focusing on the counterfeit parts situation, and the OESA, offering a macro view of the automotive supply chain. And don't miss the outstanding Insights piece from John Tillison, where he provides crucial problem solving advice for those faced with sudden change or dealing with a crisis.

In this issue

Aerospace Industry Soaring in Oklahoma

BY: Governor Mary Fallin

Since Oklahoman Wiley Post made aerospace history as the first pilot to fly solo around the world in 1933, Oklahoma has been internationally known as an important aerospace hub. The industry is an integral part of the state's fabric and a vital part of Oklahoma's economy and culture. With more than 500 aerospace-related companies doing business in Oklahoma and 150,000 workers supported by the industry, aerospace accounts for 10 percent of the state's economy. In addition, Oklahoma's aerospace industry has an industrial output that exceeds $12 billion and $60.6 million in state sales tax revenue annually. more....