Eastern Mediterranean Regional Office Tel Aviv Presentation at

Eastern Mediterranean Regional Office Tel Aviv Presentation at Agro. Mashov Richard 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 7 th in the nation in population GDP of $471 Billion (2008) 3 rd 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,

Easy access to profitable markets lowers your cost of doing business 7 th 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

Ohio: A Global Business Leader • 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 7 th nationally

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, Poly. One • 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 7 th largest exporting state • Ohio is the only state whose exports have increased every year since 1998

Why Ohio Works for Food and Agribusiness • • 6 th in U. S. food processing 935 food processing facilities $80 Billion Industry New ethanol production facilities

Why Ohio Works for Food 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 Ohio TAX 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 Living Approx. 30% Cheaper than either coast

What’s New in Ohio THIRD 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 Director Ohio Eastern Mediterranean Regional Office Tel-Aviv

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