#PartnerUSA

Newsletter Highlights

German American Business Outlook 2020:

Companies remain upbeat about US business environment

For a third consecutive year, German companies are overwhelmingly optimistic about their business prospects in the US, expecting further growth and robust profit margins. They are a little more cautious, however, when it comes to investments. That’s the key finding of the GACC’s annual German American Business Outlook (GABO) survey which was released the beginning of this year.

More than 150 GACC members and other representatives of the German-American business community converged at the midtown New York conference center of J.P. Morgan for an exclusive presentation of the GABO survey results. Andreas Fibig Chairman & CEO of International Flavors & Fragrances (IFF) welcomed the guests and stressed how important and valuable the survey is for them.

The survey results were tabulated by KPMG Germany and presented by Andreas Glunz, Managing Partner International Business, KPMG Germany. Prior to his presentation, Jesse Edgerton, Senior Economist, Executive Director, at J.P. Morgan, provided insights on the US economy. One of the things he noted was that although recessions aren’t easy to predict, current factors such as continued uncertainty about fiscal policy, including trade tensions, suggest a lingering caution on behalf of businesses.

The GABO presentation included a candid panel discussion and audience Q&A featuring on the implications of the survey results. The panel was comprised of business leaders in the German-American business community: Siegbert Rottach, President & CEO, MAN Capital Corporation, Katrin Zimmermann, Managing Director, The Americas, TLGG and Manuel Merkt, President & COO, Hermle USA, Inc. Katharina Kort, a New York correspondent at the German business media outlet Handelsblatt moderated the panel.

GABO events were also organized by the GACC Philadelphia and in Boston, where the GACC partnered with the German American Business Council (GABC) to present the survey results. Consul General Nicole Menzenbach of the German Consulate General Boston was among the many noteworthy guests at the Boston GABO forum.

Click HERE for the full survey report.

GACC NY Hosts Annual New Year's Reception

The GACC NY's annual New Year's Reception at the Harvard Club of New York City last month was among our first big events of the year and our way of ringing in the New Year.

Important representatives of the German-American community gathered for great conversations, new and old connections and to listen to valuable insights on the Germany economy from keynote speaker Prof. Dr. Christoph Matthias Schmidt - Chairman of the German Council of Economic Experts.

Among the prominent attendees was Consul General David Gill and Deputy Consul General Jens Janik, of the German Consulate General New York , as well as more than 20 GACC NY board members who met prior to the reception to review the GACC NY's 2019 performance and discuss what lies ahead for the organization this year!

Industry 4.0 Forum Focuses on Manufacturing

We're proud to have hosted the Transatlantic Forum on Industry 4.0 last month at LMHQ (Lower Manhattan HQ) featuring high-ranking speakers in the fields of ai, cybersecurity, IoT and advanced manufacturing. The event resulted in a capacity crowd of more than 120 guests.

Panelists from Techstars , TRUMPF , relayr , NYC ITAC and NYU Future Reality Lab shared their expertise and experiences on opportunities and challenges in the manufacturing industry in New York, especially for German companies.

The conference was part of a delegation trip comprised of seven German companies that were in New York to explore business opportunities and meet with US counterparts in their respective industries. The program was sponsored by the Federal Ministry of Economic Affairs and Energy.

GACC Pittsburgh Names Apprentices of the Year:

Awards Presented at Annual Ice Gala

A huge thanks to everyone who attended the GACC Pittsburgh's Grimm's Fairy Tales-themed Ice Gala presented by Bank of America on Saturday January 25th at the  Energy Innovation Center Pittsburgh !

Paul Overby and Rachel Mauer of the GACC PITT welcomed 230 guests (our biggest crowd yet!) to celebrate German-American business relationships.

We heard from distinguished guest speakers, including: County Executive Rich Fitzgerald, John Tkach (Keystone Partnership Development.) Brian Sheridan (Bank of America, Presenting Sponsor of the night), bestowed the Apprentice of the Year  Award  on two of our very talented apprentices, Andrew Knez, Ensinger Inc. and Jacob Graleski, Impact Guard, LLC.

Always a highlight of this popular event are the enchanting ice sculptures, which our guests enjoyed during the after party with  Glühwein  and DJ tunes in the Ice Room.

The proceeds raised at this event will support and grow our Pre-Apprenticeship and Apprenticeship programs. Our member support plays an important role in helping us to continue our mission of providing debt-free college education and practical on-the- job training to local students, which in turn helps build a strong and competitive  workforce  in our region.

Click HERE for details on the Apprenticeship Award/Winners

STEP USA Alum Nitrobox Secures Major Financing

Kudos to one of our recent STEP USA alums, Nitrobox GmbH, which has just concluded a financing round in the single-digit million euro range!

The “NeueCapital Partners” fund from Silicon Valley and Porsche Ventures, the

venture capital unit of the Stuttgart-based sports car manufacturer, took a stake in Nitrobox, a Hamburg-based software startup.

Nitrobox has developed a cloud platform which can be used for automatic monetization and billing of digital business models.. The company intends to use the funds from the financing round primarily to further expand its market position in Germany and to prepare for its entry to the US market.

Since 2014, the GACC NY STEP Startup and Entrepreneurship Program has hosted 29 intensive, week-long delegations of young companies from Germany to the US. These new companies are introduced to New York's s tart-up ecosystem, where contacts with customers and potential partners are established and pitch training is organized for them. To date, more than 300 companies have participated in the 29 STEP trips we've organized.

Click HERE for more details on Nitrobox.

Upcoming Events

Please click HERE for a full list of GACC NY events!

The GACC NY supports companies in recruiting skilled personnel as well as applicants in finding permanent employment or internships in the US through posted job advertisements.

The GACC NY is currently looking for: 

Our clients are looking to fill the following positions:

 

Details on these listings can be found at  www.gacctalentnetwork.com .

 

GACC NY is also an official sponsor for J-1 visas in the categories of "Intern" and "Trainees" and can help you in obtaining your J-1 visa. Please contact us at  [email protected]  and visit our website at  www.go-j1.com .

transport logistic  is the world's leading trade show for logistics, mobility, IT,

and supply chain management   with shows in Germany, Turkey, China and India.

With its premiere in the United States in November this year, transport logistic now covers the entire world! From November 10 – 12, 2020 transport logistic will take place in Miami Beach, FL and bring the logistics world together.

TL Americas will be the only show in the US that combines rail, sea and road all in one place. The Air Cargo Forum, taking place simultaneously in an adjacent hall and attracting over 2,000 visitors, will provide synergies with TL Americas!

As a "Gateway to the World", Miami additionally attracts many professionals from Latin America.

Come and join this November for the only multi-modal trade show in the US! Feel free to contact me with any questions you may have: Karoline Bogedale – [email protected]

CONTACT



James Freeman T: +1 (212) 974-8855 | F: +1 (212) 974-8867 | E:  jfreeman@gaccny .com