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Framing International Trade Opportunities through the Regional Economies Project

Framing International Trade Opportunities through the Regional Economies Project. Barry R. Sedlik Business, Transportation and Housing Agency International Trade Partnership Meeting October 4, 2006.

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Framing International Trade Opportunities through the Regional Economies Project

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  1. Framing International Trade Opportunities through the Regional Economies Project Barry R. Sedlik Business, Transportation and Housing Agency International Trade Partnership Meeting October 4, 2006

  2. California is not just one economy but is the beneficiary of the diversity of its nine regional economies.

  3. California’s diversity of world class industries provides a platform for economic growth and stability. • Computers & Electronic Products • Bioscience and Biotechnology • Machinery (except electrical) • Transportation Equipment • Chemicals • Agricultural & Food Manufacturing Products • Electrical Equipment Appliances & Components • Tourism • Logistics • Motion Picture/Television Production • Business and Professional Services • Textile and Apparel Source: Regional Economies Project

  4. California’s industries concentrate within regions to leverage specialized resources, institutions, and skills. • Tourism • Computers & Electronic Products • Computers & Electronic Products • Bioscience and Biotechnology • Tourism • Logistics • Tourism • Agricultural & Food Manufacturing Products • Chemicals • Logistics • Computers & Electronic Products • Machinery (except electrical) • Transportation Equipment • Chemicals • Electrical Equipment Appliances & Components • Tourism • Motion Picture/Television Production • Textiles and Apparel • Bioscience and Biotechnology • Tourism

  5. Cabinet Cabinet Legislature LW LW & & D D BT BT & & H H CDFA CDFA California Economic Development Partnership Economic Vitality Conversation Partners California Economic Strategy California Workforce Panel Investment California Partnership Board for the San Joaquin Valley Technical Advisory Group California Partnership for International Trade Proposed Network of Regional and Economic Development California Regional Organizations Economies Project ( Local leaders representing business , community and civic interests ) March , 2006 The State of California is organizing its resources to better identify its key industries by region and work with local organizations to help businesses increase awareness of international opportunities.

  6. The state’s economic development activities are based upon the building blocks of comparative advantage.

  7. Infrastructure is a building block of competitive advantage and an industry cluster. Source: California Economic Strategy Panel

  8. The infrastructure cluster is comprised of major sub-sectors, industries, and occupations.

  9. Each sub-sector has a range of high-paying jobs.

  10. The concentration of each cluster sub-sector varies by region.

  11. Each sub-sector has innovation components which form the basis for new industries and international trade and investment opportunities.

  12. California Statewide

  13. Southern California Region

  14. Southern Border Region

  15. Mining the analyses of the Economic Strategy Panel and Regional Economies Project can focus international trade and investment targets. • International trade • Targeted trade shows and missions • Sub-regional specialization • Foreign direct investment • Sub-regions • Industries • Technologies • Strategic alliances • Joint ventures

  16. Leveraging the building blocks of comparative advantage provides a means to grow and sustain California’s economic prosperity.

  17. A global model for an innovative and integrated goods & people movement transportation system Export-orientated value chain that leverages its specialization in the development & operation of advanced infrastructure systems A WORLD CLASS INFRASTRUCTURE VALUE CHAIN Sustainable & secure infrastructure system that maximizes life-cycles, preserves the environment, and protects human health A skilled and diverse workforce that can meet the demands of an advanced infrastructure system .

  18. California’s diversity of people, regions, and industries coupled with the state’s world-class research institutions provides an environment for leadership in innovation. Source: American Electronics Association. Cyberstates 2006

  19. Innovation is driven by California’s small and mid-sized businesses which employ nearly 80 percent of the state’s workforce. Employees Source: Employment Development Department

  20. Primary Activities The Value Chain Inbound Logistics Operations Procurement Human Resource Management Infrastructure Technological Development Outbound Logistics Marketing and Sales Services Support Activities Innovation and productivity gains among California’s industries result from redefining the processes and the inter-relationships among the components of the value chain. Source: Michael Porter

  21. 59,420 13,101 (TEUs in thousands) LA/LB 2004 2020 Global trends will force all industries to rethink their contribution to the value chain and how best to sustain competitive advantage. Volume of Trade: 2004 and 2020 15,835 2,557 1,776 Seattle 4,478 4,396 NY/NJ 1,798 Tacoma 5,566 1,809 3,382 2,043 Virginia Oakland 6,639 1,860 Charleston 6,165 9,420 1,437 1,662 Houston 2,152 1,010 Savannah Miami Source: U.S. Department of Transportation

  22. Working with the Consular Corps, the State of California and its local partners will be better positioned to provide information that improves the likelihood of mutual job creation. • Trade shows • Trade missions • Trade transactions • Collaborative efforts • Strategic alliances • Joint ventures • Direct investment

  23. Working together, the virtuous cycle for growing mutual prosperity is within reach.

  24. World Leader in Innovation • California has more than twice as many technology jobs as second-place Texas.* • $10.43 billion of venture capital in 2005, 48% of United States total.* • Over 63,000 students in science and engineering graduate programs** • Ranked #1 in patents awarded (703) to academic institutions in 2003.** • 102,202 new business incorporations in 2004.*** * American Electronics Association. ** National Science Foundation. *** California Department of Finance.

  25. To Take Away • California is a global market force. • California’s diversity means mutual economic prosperity • California is a leader in innovation. • California is an integrated system of several diverse regional economies. • California is open for business.

  26. California is a Global Player In 2004, California’s gross domestic product was over $1.55 trillion

  27. California is Global Player California is the world’s 8th largest economy. * billions of US dollars Source: World Bank. World Development Indicators. 2004 GDP.

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