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

Washington State Leading Country's Aerospace Industry

BY: Governor Chris Gregoire

If the world's aerospace industry were a jigsaw puzzle, Washington State would have all the pieces. Washington is leading the next-generation of general aviation, defense and space technology by rewriting how commercial airplanes are built, developing alternative fuel systems and investing millions in cutting-edge avionic research and development programs. These innovations shine a global spotlight on Washington, keeping it a hot spot for aerospace today with a highly skilled workforce of more than 82,000 engineers, machinists, assembly workers, scientists and academics - making up 17 percent of all U.S. aerospace workers. Washington is the largest U.S. aerospace exporter, with more than $26.3 billion in aerospace products in 2009 -- a third of all U.S. aerospace exports. The state also imported $3.5 billion in aerospace parts in 2009, more than any other U.S. state. more....