Trade & Industry Development Magazine

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May/June 2011
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.

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In this issue...

Raising start-up capital is one of the biggest hurdles a would-be entrepreneur faces. The days of pitching investors with a fabulous dot.com idea have come and gone, so idea-generators looking to establish a small business need to develop a solid business plan and be willing to be flexible and creative to secure the necessary financing. In an article written by Robert Langley, he quotes a source as saying, "[It's] not like the good ole' days when you used to approach the banker in your town, provide a feasibility study and a five-year plan then ask for their support and guidance. Now you only qualify if you have proven a three-year track record. Who needs them after the first three years?" Fortunately, the economic growth plans of virtually all states include some type of small business financing incentives. They can take the form of direct small business grants, tax breaks, subsidized SBA loan rates, as well as the opportunity to be a part of business incubator programs and technology parks. more...

Departments
Managing the Blindside: Critical Decision Making Under Pressure
Features
Aerospace Site Selection Trends
The Automotive Industry and Site Selection Issues in North America
Unlocking the Solution to Accessing Capital
Outlooks
AIA: Strengthening Safeguards Against Counterfeit Parts
OESA: The North American OE Supplier Industry Outlook
Special Reports
FL: Hernando - The Place to Grow
The Right Stuff: Jackson, Mississippi
In the Best Company: Savannah, Ga.
From Deal-Making to Ground-Breaking: Overcoming the Financial Hurdle at the Local Level
Whether Short or Long, Supply Chains are Fostering Deep Roots in Communities Throughout the Country
Spotlights
Auto and Aerospace Going Strong in Mississippi
Aerospace Industry Soaring in Oklahoma
Washington State Leading Country's Aerospace Industry
South Carolina: State of Business. World of Opportunity.
There is Simply No Place Like Iowa

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