November 6 was all about "Uncle Sam" at the WKÖ Sky Lounge: Over a dozen official US officials from the European offices of Arkansas, Florida, Georgia, Iowa, Indiana, Kentucky, Missouri, Ohio, Oregon, Pennsylvania, South Carolina , Tennessee and Virginia answered questions on concrete issues about expansion in & into the United States. The United States is our second largest export partner worldwide.
AUSSENWIRTSCHAFT AUSTRIA, with the US Embassy in Vienna and the Council of American States in Europe (CASE), organized a potpourri of lectures and panel discussions with practice-oriented information on doing business and investing in the United States.

Keynotes by Prof. Gabriel Felbermayr, the director of the IFO Center for International Economics in Munich and the political scientist Andrew B. Denison gave a sound and sometimes surprising insight into the economic and political relationship between Europe and the United States.
The discussions with many practical examples from the business life in the USA showed clearly that no one waits "over the big pond" already for suppliers from Austria: one must first earn the success. The recommendation is not to be reluctant to constantly prove and market yourself. Networks and local presence are critical success factors, only winners count. Entrepreneurs are required within a few minutes to be able to explain to their counterparts from the USA how the advantage and return on investment actually stand - then the market can also move on very quickly, since the willingness to take risks for new and innovative things is high.

Other service providers, such as the law firm Arnall Golden Gregory, the tax consultancy LeitnerLeitner and the logistics provider cargo partner completed the wide range of services offered to advise participants on their activities in the US in depth. The aim of the event was to anchor Austrian companies even more strongly in the USA.

The US Ambassador in Vienna, Trevor D. Traina, intends to accompany a company delegation from Austria to the Select USA Investment Summit on 10-12 June 2019 in Washington DC to support their expansion into the US market.

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Fritz Winter North America LP celebrated on opening phase one of its iron casting foundry and manufacturing facility in Franklin, Kentucky a large-scale project producing brake rotors and brining about 200 new jobs to Southwest Kentucky, serving also as the company’s new US headquarters.

The German-owned parent company, Fritz Winter Eisengiesserei GmbH & Co. KG in Stadtallendorf will grow its investment to about $194 million with this expansion and the number of employers could surpass 300. This company is a global leader in the automotive supply industry and supplied the American market from Germany for more than 50 years. It serves the international car and truck industry and has developed a competitive advantage in lightweight and material-specific design. The family-owned company currently employs 3,700 people worldwide. 

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~ Monogram Foods to invest $30 million in fourth manufacturing operation expansion ~

MARTINSVILLE, VA —Governor Ralph Northam today that Monogram Food Solutions, LLC, a Memphis-based manufacturer of value-added meats, will invest $30 million to expand its manufacturing operation, Monogram Snacks, in Henry County. The company will expand its product lines to accommodate new and expanding contracts, which will create 300 new jobs.

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