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<strong>GACCoM</strong> <strong>2011</strong>/<strong>2012</strong><br />
german American chamber of commerce of the Midwest, inc.<br />
AtlAntA | chicAgo | houston | new york | philAdelphiA | sAn frAncisco
2<br />
LETTER FROM THE CHAIRMAN<br />
As I am entering my tenth year of service as <strong>GACCoM</strong>’s Chairman of the Board<br />
in <strong>2012</strong>, I have seen our Chamber undergo substantial growth and development.<br />
Since I became Chairman in 2003, the number and quality of our member events,<br />
the range of our services and our staff have expanded.<br />
We could not be happier about this trend, not only because of what it says about<br />
our Chamber and its leadership, but, more importantly, because of what it says<br />
about German-American business in the Midwest: The Chamber’s continuous<br />
growth would have been impossible without the ever-increasing number of German<br />
firms doing business in our region. The past few years and <strong>2011</strong> in particular have<br />
shown that the success of German companies in the U.S. is built upon a solid<br />
basis of innovative, high-quality products and services, which allowed these firms<br />
to weather and rebound quickly and strongly from the crisis.<br />
Our Chamber now offers more professional and specialized consulting services to support your business<br />
endeavors. We have made strategic additions to our team with the goal of adding in-house industry expertise in<br />
areas most relevant for German-American business in our region. In addition to improving our existing services<br />
(career services, market entry USA, market research, business partner search, virtual office presence, etc.),<br />
we have expanded our portfolio to include food industry programs as well as site selection services for German<br />
companies entering the U.S. market. We also substantially expanded our renewable energy and energy efficiency<br />
teams in <strong>2011</strong> – which for one resulted in the traveling “DasHaus” exhibit – an exciting project of unprecedented<br />
geographic scale for our Chamber. In addition, our Christkindlmarket team expanded its reach by organizing our<br />
first “Germany’s Best & Oktoberfest”. You will learn all about our new initiatives in this report.<br />
We hope that the following pages will let you experience the breadth of our Chamber’s mission and give you new<br />
ideas of how you may profit from our activities and service offerings in <strong>2012</strong>. No matter what type of service or<br />
support you may be looking for, we wager that the following pages will show you that the Chamber is there to<br />
help you professionally and efficiently.<br />
On behalf of our entire Chamber, we wish you a healthy and successful year <strong>2012</strong>!<br />
W. David Braun<br />
Chairman of the Board of Directors<br />
German American Chamber of Commerce of the Midwest, Inc.
LETTER FROM THE PRESIDENT & CEO<br />
The following pages may not be what you expect from a typical Annual Report.<br />
After several years of growth at the Chamber and the introduction of many new<br />
programs and services, we felt that it was time for a “State-of-the-Chamber”, an<br />
illustration of the full range of activities and opportunities now available to you. In<br />
putting together these pages, we put special emphasis on aspects that don’t easily<br />
fit on paper – the countless possibilities our unique network holds for you and your<br />
business.<br />
One of our main goals over the past few years has been to strengthen the network<br />
and collaboration we have established among our three German American<br />
Chambers of Commerce in the United States. This includes our chapters, branch<br />
offices, affiliates, and also the Representative of German Industry and Trade in<br />
Washington DC, as well as Germany Trade & Invest. Add our 120 offices in 80 countries around the globe and<br />
the 80 Chambers of Industry and Commerce in Germany (IHKs) you will see just how far your membership<br />
can take you. Because of this strong partnership, we operate from a unique platform which allows us to serve<br />
our members’ and clients’ needs just the way they arise in today’s economy: locally, regionally, nationally, and<br />
globally at the same time.<br />
In <strong>2012</strong>, our Chamber will continue to focus on expanding our membership base, service portfolio, and the scope<br />
of our industry programs. Membership growth is a key goal for <strong>2012</strong> and each of us will strive to make this the<br />
strongest year ever! Yet, growth to us is about more than just numbers. We also want to continue to enhance your<br />
membership experience – by increasing the dialogue among members, by promoting the unique resources our<br />
global Chamber network has to offer, and by offering more and more opportunities to connect with contacts even<br />
beyond the German-American business community - through our enhanced cooperation with other European<br />
Chambers and institutions in the U.S.<br />
Last but certainly not least, I would like to take this opportunity to thank you - our Directors, members, clients, and<br />
partners for supporting us throughout the year and helping us make <strong>2011</strong> such a great success. To our Directors<br />
- thank you for your commitment, advice and guidance to the Chamber and to helping us promote our mission.<br />
To our over 800 Members throughout our 14 states– we thank you for your support, you are truly the backbone<br />
of our organization and what brings our network to life.<br />
Let’s all keep working together to put the network to work for our members in <strong>2012</strong>!<br />
Simone Pohl<br />
President & CEO<br />
German American Chamber of Commerce of the Midwest, Inc.<br />
3
THROuGHOuT THE WORLD:<br />
Welcome to the global network of German Chambers of Commerce Abroad (AHKs)! Our Chambers are located<br />
in markets of particular interest to German industry and commerce – and we currently count 120 locations<br />
in 80 countries around the globe. 1,700 employees work to support German businesses in their international<br />
endeavors, through consulting services provided under the joint AHK service brand DEinternational, and by<br />
connecting them to the local business communities through membership services and events. Around the world,<br />
the AHKs have 42,000 member companies. The Association of German Chambers of Industry<br />
and Commerce (DIHK) in Berlin coordinates the global network of German Chambers Abroad.<br />
In December, Dr. Volker<br />
Treier (4th from left)<br />
visited the three main<br />
Chamber locations<br />
in the U.S., Atlanta,<br />
<strong>Chicago</strong>, and New York.<br />
As the DIHK’s Deputy<br />
CEO and Managing<br />
Director of International<br />
Economic Affairs, he<br />
has been responsible for the coordination of the global AHK network<br />
since January <strong>2011</strong>. In each city, Dr. Treier was able to meet with<br />
members of the GACC boards and other German and American<br />
members of the local business communities.<br />
THROuGHOuT THE uNITED STATES:<br />
The three German American Chambers of Commerce (GACCs) in the<br />
United States, together with their three branch offices, their chapters and<br />
affiliates, support and promote German-American business in key economic<br />
and political centers. The GACCs’ network consists of approximately 2,500<br />
members, as well as excellent contacts to associations, governmental<br />
institutions, and corporations. The political liaison office of DIHK and BDI in<br />
Washington DC, the Representative of German Industry and Trade (RGIT),<br />
with whom we work closely, represents the interests of the German business<br />
community to the U.S. government.<br />
kEy PARTNERS:<br />
4
THROuGHOuT GERMANy:<br />
In Germany, the AHKs are closely connected with the 80 Chambers of Industry and Commerce (IHKs) throughout<br />
the country, as well as industry associations, and economic developers. There is a particularly close cooperation<br />
with Germany Trade & Invest (GTAI), the foreign trade and inward investment agency of the Federal Republic<br />
of Germany headquartered in Berlin. The Chambers and GTAI even share offices in <strong>Chicago</strong>, New York, San<br />
Francisco, and Washington DC, and work together on various projects.<br />
Let us support you beyond borders!<br />
“Are you looking for ways to meet more potential business<br />
partners while traveling abroad? Just let us know where you<br />
are headed, and we will be happy to connect you with our local<br />
German Chamber colleagues worldwide - so you can make the<br />
most of each business trip!”<br />
~ Simone Pohl, President & CEO<br />
DIHK CEO Dr. Martin Wansleben at the festivities<br />
SERvING GERMAN BuSINESS<br />
FOR 150 yEARS<br />
The umbrella organization of the global Chamber (AHK)<br />
network, the Association of German Chambers of Industry<br />
and Commerce (DIHK), celebrated its 150-year anniversary<br />
in March <strong>2011</strong>. The DIHK was founded 1861 in Heidelberg<br />
under the name of “Allgemeiner Deutscher Handelstag” and<br />
has since lent its voice to German business on the national,<br />
European, and international level.<br />
<strong>GACCoM</strong> Vice Chairman, Dr. Friedrich-Hans Grandin, and<br />
President & CEO, Simone Pohl, attended the festivities<br />
in Berlin that drew over 600 politicians, entrepreneurs,<br />
and Chamber representatives and included meetings<br />
with several Federal Ministers and other high-ranking<br />
government representatives.<br />
5
6<br />
MIDWEST AND CHAPTER NETWORk<br />
u COLORADO<br />
The Colorado Chapter of the German American Chamber of Commerce of the Midwest, Inc. is<br />
thriving and has set ambitious goals to further international business and cultural activities. Besides<br />
partnering with other international Chambers and the Denver World Trade Center for a variety of<br />
events, the Chapter presented its annual Biergarten Festival and Denver Christkindl Market. It<br />
also welcomed a delegation of German solar energy companies as part of the Renewable Energies Export Initiative of the German Federal<br />
Ministry of Economics and Technology. The Colorado Chapter President is Jesse Young who is supported by an active volunteer Board. Visit<br />
www.gacc-co.org for more information.<br />
BOARD OF DIRECTORS<br />
Jesse D. Young Christopher Bartlett<br />
Morgan Stanley Smith Barney Anthrope Communications LLC<br />
Fred Beisser John Bennett<br />
Tioga Consulting Corporation Granite Consulting Group, Inc.<br />
Matthias Edrich Inge Frerichs<br />
Peck, Shaffer & Williams LLP Trans World Realty, LLC<br />
Paul Maricle Karl W. Schmidt<br />
Anton Law Group Karl W. Schmidt & Associates Inc.<br />
Joshua Seeberg<br />
Guest Services Translations, LLC<br />
u MINNESOTA<br />
<strong>GACCoM</strong>’s Minnesota Chapter is flourishing, bolstered by<br />
its very successful Annual Gala in May <strong>2011</strong>, a true highlight<br />
on the Chapter calendar each year which was honored with<br />
the presence of special guest Prof. Dr. Norbert Lammert,<br />
President of the German Parliament (Bundestagspräsident).<br />
In addition, the Chapter’s scholarship program, established<br />
in 1998, continued to award scholarships of up to $1,000<br />
to Minnesota high school students to promote German<br />
language studies in high schools. On the “fun” side, the<br />
German Heritage Night including a game against the<br />
Dallas Mavericks and its former NBA MVP and Germany’s<br />
own, Dirk Nowitzki was another highlight. The Minnesota<br />
Chapter President is Lübbert Kruizenga who is supported by<br />
Executive Director Patti Wendling and a dynamic Board. Visit<br />
www.gaccom-mn.org for more information.<br />
ANNuAL GALA WITH<br />
PRESIDENT OF THE<br />
GERMAN BuNDESTAG,<br />
PROF. DR. NORBERT<br />
LAMMERT<br />
SOLAR ENERGy BuSINESS<br />
CONFERENCE AND DELEGATION<br />
TO COLORADO IN JuNE <strong>2011</strong><br />
COLORADO<br />
CHAPTER<br />
BOARD OF DIRECTORS<br />
Lübbert Kruizenga Joachim Baecker<br />
Novoterus LLC Novoterus LLC<br />
MINNESO<br />
CHAPTER<br />
Dr. Heino A. P. Beckmann Edward J. Hayward<br />
University of St. Thomas Oppenheimer Wolff & Donnelly LLP<br />
Don Keysser Mark S. McNeil<br />
Hannover Ltd. Lindquist & Vennum, P.L.L.P.<br />
Sabine Rapp Boje Siebels<br />
HP Enterprise Services Accenture LLP<br />
Christa Tiefenbacher-Hudson Louis Wendling<br />
Honorary Consul of the Wendling Financial Group, LLC<br />
Federal Republic of Germany
TA<br />
u MICHIGAN<br />
<strong>GACCoM</strong>’s Michigan Chapter represents the largest chapter membership in the country. The annual<br />
signature events (New Year’s Gala, SAE Reception, Spring Reception, Annual Fall Dinner, and Unity<br />
Day Reception) were well attended by the local membership. This past year, the Michigan Chapter<br />
and the <strong>Chicago</strong> <strong>GACCoM</strong> team worked together to host a political and business delegation from<br />
the German state of Thuringia, as well as the 2nd eMobility Forum. Resources such as the online membership directory and job board offered<br />
businesses additional opportunities to network, connect, and discover synergies. The Michigan Chapter’s Heinz Prechter Tribute Scholarship<br />
program supports Michigan college and university students going to companies in Germany to work as interns, encouraging Michigan<br />
students to learn about German business, life, and culture.<br />
Logan Robinson serves as President and Chairman of<br />
the Michigan Chapter and is supported by Administrative<br />
Director Ingrid Justice, as well as a number of dedicated<br />
volunteers. Visit www.gaccmi.org for more information.<br />
WISCONSIN<br />
CHAPTER<br />
MICHIGAN<br />
CHAPTER<br />
10 yEAR<br />
ANNIvERSARy<br />
CELEBRATION<br />
WITH WISCONSIN<br />
GOvERNOR,<br />
SCOTT WALkER<br />
BOARD OF DIRECTORS<br />
Logan G. Robinson<br />
University of Detroit Mercy<br />
Horst M. Busse<br />
Martin Windsor & Associates<br />
Owen Johnston<br />
Bekum America Corporation<br />
William P. Kelly<br />
Environmental Solutions & Technologies<br />
Dr. Manfred Mueller<br />
Robert Bosch Corporation<br />
Martina Schlagwein<br />
Access Europe, L.L.C./MEDC<br />
Meredith Upward<br />
United Airlines<br />
Walter Wegmueller<br />
Comerica Bank<br />
Peter Zieringer<br />
Daimler Financial Services Americas<br />
u WISCONSIN<br />
<strong>GACCoM</strong>’s Wisconsin Chapter<br />
celebrated a true milestone in<br />
<strong>2011</strong> – the 10th Anniversary! We<br />
were honored that Governor Scott<br />
Walker accepted the invitation to address over 70 distinguished guests at the<br />
Anniversary celebration at the Grohmann Museum in Milwaukee. A recurring<br />
highlight is the annual get-together at the German Fest in Milwaukee during<br />
the summer when members bring family and friends to enjoy live music, brats<br />
and German Gemütlichkeit. Dr. John Gatto is the President of the Wisconsin<br />
Chapter and is supported by Vicki Fox, Treasurer.<br />
Visit www.gaccwi.com for more information.<br />
BOARD OF DIRECTORS<br />
Dr. John D. Gatto<br />
NRW.INVEST (North America) LLC<br />
SPRING RECEPTION WITH<br />
MINISTER-PRESIDENT OF<br />
THuRINGIA, CHRISTINE<br />
LIEBERkNECHT<br />
Peter I. Beswerchij<br />
UBS Financial Services, Inc.<br />
Frederick W. Hoffman<br />
Honorary German Consul<br />
Peter Kaub<br />
Re-Sol, LLC<br />
Dr. Walter Maisel<br />
Kostal of America, Inc.<br />
Simone Pohl<br />
German American Chamber of<br />
Commerce of the Midwest, Inc.<br />
Bruce C. Thelen<br />
Dickinson Wright PLLC<br />
Dr. Janet Van Valkenburg<br />
University of Michigan<br />
Johan Wesslen<br />
ThyssenKrupp Steel North America, Inc.<br />
Victoria Fox<br />
Eisen Fox & Company, LLC<br />
“The significant ties between Germany and Wisconsin, from ancestry to sister city and state relationships, and especially with respect<br />
to trade and investment, reflect the importance of building on these relationships to further strengthen investment and job creation.”<br />
~ Wisconsin Governor Scott Walker<br />
7
8<br />
ABOuT uS<br />
In existence since 1963, <strong>GACCoM</strong>’s continuing mission is to further, promote and assist in the expansion<br />
of bilateral trade and investment between Germany and the United States, especially the Midwest. Our<br />
organization combines the elements of a trade commission, a membership association, and a professional<br />
consultancy - quite a unique concept in international trade promotion. <strong>GACCoM</strong>’s territory covers 14 U.S. states:<br />
the 13 states of the Midwest and Colorado, comprising together approximately one quarter of the nation’s<br />
geographical area, its population, and its GDP. <strong>GACCoM</strong>’s office is located in the heart of downtown <strong>Chicago</strong>.<br />
As the official representative of German business, we have unparalleled access to German firms in our region<br />
and insight into their activities.<br />
OuR THREE kEy TASkS:<br />
OFFICIAL REPRESENTATIvE OF GERMAN BuSINESS: We are uniquely positioned as the official and direct channel for<br />
German trade and investment. Our function is similar to that of the trade commission of other European states. In<br />
this role, we are a conduit for trade missions from Germany to our region and offer ongoing support for German<br />
companies entering the U.S. market. We work closely with German diplomatic missions such as the Consulate<br />
General and the Embassy to bring official representatives of German Government and Federal Ministries to our<br />
region. In addition, we generally inform and educate the broader business community on German business and<br />
trade.<br />
MEMBERSHIP: Our unique position provides us with unparalleled access to German firms operating in our region.<br />
We have over 800 members throughout the Midwest. Our members consist of the U.S. subsidiaries of German<br />
firms, the service providers supporting this market (lawyers, accountants, consultants, etc), as well as U.S. firms<br />
active in transatlantic trade.<br />
CONSuLTING: We are the “first stop” or “go-to point” for German firms interested in entering into and investing in<br />
the U.S. market. We assist from start to finish, offering services ranging from initial market research, market entry<br />
strategies, site selection, career services for bi-lingual candidates, and much more. Aligning with the strengths of<br />
German firms in our territory, <strong>GACCoM</strong> has particularly strong expertise in the following key industries:<br />
u Automotive & eMobility<br />
u Machinery & Automation<br />
u Medical Technology<br />
u Renewable Energies: Bio Energy; Solar Energy; Wind Energy<br />
u Energy Efficiency in Buildings & Industry<br />
u Food Products
yOuR CONTACTS<br />
OuR SERvICES<br />
BuSINESS PARTNER SEARCH<br />
COLLECTION SERvICES<br />
INTERCuLTuRAL TRAINING<br />
MARkET ENTRy SERvICES<br />
SITE SELECTION SERvICES<br />
TRADE SHOW SERvICES<br />
Virginia Attaway Rounds<br />
Director, Consulting Services<br />
rounds@gaccom.org<br />
(312) 494 2163<br />
OuR PRIMARy INDuSTRy CONTACTS<br />
MEDICAL TECHNOLOGy<br />
Mark Tomkins<br />
Vice President<br />
tomkins@gaccom.org<br />
(312) 494 2172<br />
RENEWABLE ENERGy<br />
James Hollis<br />
Renewables Project Manager<br />
hollis@gaccom.org<br />
(312) 644 3785<br />
FOOD PRODuCTS<br />
Werner Gruenberg<br />
Manager, Consulting Services<br />
gruenberg@gaccom.org<br />
(312) 494 2166<br />
MEMBERSHIP CONTACTS<br />
MEMBERSHIP<br />
SPONSORSHIP OPPORTuNITIES<br />
Jayne Riemer-Chishty<br />
Director, Membership & Chamber Development<br />
riemer-chishty@gaccom.org<br />
(312) 494 2169<br />
vIRTuAL OFFICE<br />
MARkET RESEARCH<br />
Laura Flamm<br />
Manager, Consulting Services<br />
flamm@gaccom.org<br />
(312) 494 2167<br />
CAREER SERvICES<br />
Justin Flaxbart<br />
Manager, Career Services<br />
flaxbart@gaccom.org<br />
(312) 644 3369<br />
AuTOMOTIvE AND eMOBILITy<br />
MACHINERy AND AuTOMATION<br />
ENERGy EFFICIENCy IN INDuSTRy<br />
Virginia Attaway Rounds<br />
Director, Consulting Services<br />
rounds@gaccom.org<br />
(312) 494 2163<br />
ENERGy EFFICIENCy IN BuILDINGS<br />
Daniela Daus<br />
Senior Manager, Transatlantic Relations<br />
& Transatlantic Program<br />
daus@gaccom.org<br />
+49 (0) 4036138 954<br />
EvENT SERvICES<br />
Anna Cournoyer<br />
Manager, Membership & Events<br />
cournoyer@gaccom.org<br />
(312) 494 2176<br />
9
10<br />
INFORM, CONNECT, & CREATE OPPORTuNITy<br />
Is there a recipe for business opportunity? We believe that timely information, combined with the right contacts<br />
can go a long way and will help to put you in just the right place at the right time. Our membership and consulting<br />
departments work together to make sure you are always in the know about the most promising industries, trends,<br />
and partners.<br />
u TAkE OuR BuSINESS DELEGATIONS PROGRAMS<br />
The Chamber brings groups of German companies from promising industries to the U.S. for content-driven encounters with potential<br />
business partners. In addition to setting up targeted matchmaking appointments, the week-long trips typically feature a conference at<br />
which German and U.S. speakers provide updates on industry trends and developments in their respective country, before the German<br />
guests have a chance to present their products and solutions to potential American partners. In <strong>2011</strong>, <strong>GACCoM</strong> organized four such<br />
delegations, all of which were supported by the export initiatives of different German Ministries:<br />
BIO ENERGy BuSINESS DELEGATION<br />
AND CONFERENCE TO WISCONSIN<br />
ENERGy EFFICIENCy IN<br />
INDuSTRy DELEGATION<br />
AND CONFERENCE<br />
TO MICHIGAN<br />
u GACC AND RGIT ANNuAL ECONOMIC<br />
FORuM<br />
Always the first signature event of the year, the Annual Economic<br />
Forum is a great example of how Chamber events bring you<br />
timely information and top networking opportunities with over<br />
200 members of the German American business community.<br />
Participants can work the crowd at our pre-event reception, hear<br />
keynotes of top economists, and connect with fellow members at<br />
lunch, followed by an interactive panel discussion during which<br />
U.S. and German economists are joined by executive-level<br />
industry speakers.<br />
SOLAR ENERGy BuSINESS CONFERENCE<br />
AND DELEGATION TO COLORADO<br />
SWEETS AND SNACkS<br />
BuSINESS DELEGATION<br />
AND RECEPTION<br />
IN CHICAGO<br />
u WORk WITH OuR TEAM TO GAIN A FOOTHOLD IN THE u.S. MARkET<br />
A successful example of the Chamber’s market entry expertise put to work is our “Virtual Office” or “Geschäftspräsenz” Service. At the<br />
basic level, <strong>GACCoM</strong> provides virtual office clients with a U.S. postal address and phone line, and one of our staff members is personally<br />
responsible for each client’s account. Building up from this structure, our bi-lingual team will provide these companies with varying levels<br />
of support in their U.S. market activities, involving initiatives ranging from U.S. customer service, to research of potential clients, all the<br />
way to assistance in U.S. market strategy implementation. In <strong>2011</strong>, the Chamber supported no less than 13 companies from a variety of<br />
industries through virtual office services.<br />
The <strong>2011</strong> panelists (from left): Rolf Meyer, President & CEO - HARTING Inc. of<br />
North America; Diane Swonk, Chief Economist - Mesirow Financial; Moderator<br />
Michael Backfisch; Caroll Neubauer, President & CEO - B. Braun Medical, & Prof.<br />
Dr. Joachim Scheide, Head Forecasting Center & Research Economist - Kiel Institute<br />
for the World Economy.
u BE AT THE CuTTING EDGE OF TECHNOLOGIES<br />
Together with our partners, we continuously offer initiatives to keep you informed about industrial and technological developments that<br />
could translate into new opportunities or competitive advantages for your business. Each event is planned carefully to ensure you will not<br />
only walk away with the latest and most relevant information - we always build in ample networking time to give you the opportunity to<br />
meet and connect with our speakers and presenters that are at the forefront of their respective industries.<br />
uGACC EMOBILITy SERIES<br />
With Germany and the United States<br />
both being leaders in the emerging<br />
electric vehicle industry, we are<br />
committed to fostering transatlantic<br />
dialogue and business-to-business exchange in this important field with the U.S.wide<br />
GACC eMobility Series. <strong>2011</strong> was out most active year yet with four events<br />
throughout the U.S. and Germany: A seminar at the Hannover Fair in April educated<br />
German companies on the U.S. market for electric vehicles, another one in San<br />
Francisco in June informed U.S. companies about opportunities in eastern Germany.<br />
In the fall, <strong>GACCoM</strong> and GACC South organized two eMobility conferences in the<br />
same week in September, allowing guests and speakers from Germany to attend<br />
both events during a single trip. Each event was organized in close cooperation and<br />
with the support of Germany Trade & Invest.<br />
Recognizing electric mobility as a topic of global scope and significance, the GACCs<br />
are also a part of the international eMobility peer group of the German Chamber<br />
Network and Germany Trade & Invest, where they discuss trends and developments<br />
with colleagues from China, Japan, and France.<br />
u GERMAN AMERICAN WATER FORuM<br />
This new program was organized jointly with Germany Trade & Invest and<br />
the Transatlantic Climate Bridge Initiative and informed manufacturers<br />
about best practices in energy efficiency and industrial water systems.<br />
At two stops in <strong>Chicago</strong> and Cincinatti, German and American speakers<br />
shared water and energy-saving strategies with a very engaged audience.<br />
Germany is the number one exporter of sustainable water technologies<br />
worldwide and fostering transatlantic dialogue in this field has been<br />
among the Chamber’s focus areas in <strong>2011</strong>. Besides the premier of the<br />
German American Water Forum, one of our Transatlantic Program -<br />
Young Technology Leaders trips introduced American students and young<br />
professionals to the use of water management technologies in Germany.<br />
(More about this program on page 15)<br />
“Throughout this past year, we have really started<br />
leveraging our network for our eMobility activities.<br />
For the “eMobility in the USA” seminar, our<br />
partners at the Hannover Fair and U.S.<br />
Commercial Service were a great help. Our<br />
second German American eMobility Forum was<br />
organized in cooperation with Germany Trade &<br />
Invest, and was coordinated with a similar event<br />
by the GACC South in Atlanta. Our first event in<br />
<strong>2012</strong> will expand this cooperation even further, as<br />
the German Chamber Network will jointly present<br />
opportunities for German suppliers in the USA,<br />
Japan, China and France at the Hannover Fair.”<br />
~Virginia Attaway Rounds<br />
Director, Consulting Services<br />
u RSNA GERMAN NIGHT<br />
NETWORkING RECEPTION<br />
<strong>GACCoM</strong> and Fraunhofer were proud to<br />
present the next generation of German High<br />
Tech Champions in medical imaging technology<br />
at this unique trade show networking reception.<br />
Germany’s top talent, RSNA exhibitors,<br />
visitors, and <strong>GACCoM</strong> members gathered to<br />
celebrate the award winners and to learn about<br />
their winning business cases. The Chamber<br />
organizes networking receptions at different<br />
trade shows throughout the year, always with<br />
the goal of connecting the local business<br />
community to visiting industry experts from<br />
Germany and around the United States.<br />
11
12<br />
LEvERAGE GERMAN BuSINESS, TECHNOLOGy, AND CuLTuRE<br />
IN THE u.S.<br />
Germany is known for innovation and engineering prowess that is not only demonstrated in high-end products<br />
like world-renowned cars, but also in technology solutions addressing timely challenges in energy, environment,<br />
and sustainability. Through their activities, German companies in the United States are creating over 500,000<br />
well-compensated jobs. Part of the Chamber’s mission is to leverage the impact of German business in the<br />
U.S. and the Midwest in particular, thereby helping companies achieve their goals and further expand their<br />
engagement in the U.S. Finally, in addition to business, there is also room for the celebration of German culture<br />
– a number of our Chamber’s events and programs even combine the two.<br />
u HONORING “ExCELLENCE IN GERMAN-AMERICAN BuSINESS”<br />
ANNuAL MERLIN AWARDS GALA<br />
u LENDING A vOICE TO GERMAN BuSINESSES IN THE u.S.<br />
GERMAN AMERICAN BuSINESS OuTLOOk SuRvEy<br />
When it comes to leveraging the impact of German business in the U.S., we need<br />
to mention our annual survey among German subsidiaries. In cooperation with the<br />
Representative of German Industry and Trade (RGIT) and Roland Berger Strategy<br />
Consultants, we ask firms to review the ending year, fill us in on their expectations<br />
and strategic plans for the year ahead. Respondents also share their perspective<br />
on a topic of special interest each year, such as the skilled workforce challenge in<br />
<strong>2011</strong>. The presentation of the survey results in New York City is an annual highlight<br />
and again drew broad coverage in the press last December. Turn to page 16 for a<br />
summary of the survey results.<br />
Our Annual MERLIN Awards Gala is a fixture on calendars throughout the German-<br />
American business community and the perfect example of how our Chamber<br />
celebrates the achievements of German firms in the U.S. market. Combining the<br />
award ceremony with a glamorous evening filled with exquisite food, drinks, and<br />
music, the Gala is a perfect opportunity to entertain clients and make new contacts<br />
and friends in a great atmosphere.<br />
The <strong>2011</strong> MERLIN Award Winners:<br />
Best New Company– K+S North America Salt Holdings LLC<br />
Best Innovator – Bosch Software Innovations<br />
Best Service Provider <strong>2011</strong> – Hegele Logistic LLC<br />
Excellence in Training & Education <strong>2011</strong> –<br />
Richard Wolf Medical Instruments Corporation<br />
u COMBINING BuSINESS AND PLEASuRE IN THE BEST POSSIBLE WAy<br />
ANNuAL ExECuTIvE WINE DINNER<br />
Wine may not be the best-known beverage coming from Germany, but the Annual Executive Wine Dinner<br />
is definitely one of our most popular events. 200 members of <strong>Chicago</strong>’s international business community<br />
enjoyed an exquisite seven-course meal paired with fine wines in early November <strong>2011</strong>. Whether you<br />
want to entertain your own table of clients, friends, and family or be seated with a hand-picked round of<br />
guests sharing similar business interests, the Wine Dinner is one of the prime opportunities throughout<br />
the year to connect with the business community while enjoying some of the finest delicacies Germany<br />
and Europe have to offer.
u PROMOTING DIALOGuE AND INNOvATION IN RENEWABLES AND ENERGy EFFICIENCy<br />
DAS HAuS TOuR<br />
The Das Haus tour is a traveling pavilion and exhibition<br />
showcasing the latest German technologies for energy<br />
efficiency and solar energy use in building, which is being<br />
coordinated by <strong>GACCoM</strong>. It promotes international dialogue<br />
about advanced technologies for construction and solar energy<br />
use. Each stop features a series of expert presentations,<br />
symposiums, networking opportunities, and guided tours of<br />
the exhibition pavilion. Following Atlanta and Houston in <strong>2011</strong>,<br />
Das Haus will visit 10 additional cities throughout the U.S. and<br />
Canada in <strong>2012</strong>, including <strong>Chicago</strong> and Denver in the fall. It is<br />
presented by the German Federal Ministry of Economics and<br />
Technology, as part of its export initiatives in renewable energy<br />
and energy efficiency, and in cooperation with the German<br />
Federal Ministry of Transport, Building, and Urban Affairs.<br />
“Das Haus embodies an exciting idea: that a traveling exhibition of advanced German technologies can spur an ongoing international<br />
dialogue on the use of energy efficiency and renewable energy. It’s working, judging from the incredibly strong interest from industry and<br />
the media we experienced at our first four stops on the 12-city tour. At the same time, this project is really taking the logistical cooperation<br />
between our Chambers throughout North America to a new level – and I have been proud to witness the smooth and successful<br />
execution thus far. To me, Das Haus exemplifies “our network put to work”, not only here in America, but also among our German<br />
partners that have been instrumental in bringing Das Haus to life. We can’t wait for it to reach the Midwest in the fall of <strong>2012</strong>!”<br />
~ Mark Tomkins,Vice President<br />
u SWEETENING HOLIDAy<br />
SEASON IN CHICAGO<br />
CHRISTkINDLMARkET CHICAGO<br />
After 16 years, our Christkindlmarket<br />
<strong>Chicago</strong> has become a true institution.<br />
From Thanksgiving weekend through Christmas Eve <strong>2011</strong>, the market<br />
once again turned downtown <strong>Chicago</strong>’s Daley Plaza into a German<br />
Christmas Village, much to the delight of visitors and <strong>Chicago</strong>ans alike.<br />
The Christkindlmarket is a beloved Christmas tradition for many families<br />
and travelers, and creates yet another reason to visit the city during the<br />
winter season.<br />
uBRINGING THE BEST OF GERMAN BuSINESS<br />
AND CuLTuRE TO A LARGE AuDIENCE<br />
GERMANy’S BEST & OkTOBERFEST<br />
Germany’s Best & Oktoberfest, held at <strong>Chicago</strong>’s popular Navy Pier,<br />
was yet another <strong>2011</strong> premier. Over a full 18 days, the event attracted<br />
over 50,000 visitors with a unique combination of technology and cultural<br />
exhibits portraying modern-day Germany AND a traditional Munich-styled Oktoberfest. The<br />
large festival tent featured authentic entertainment, beverages, food, and dancing. Many<br />
companies took advantage of the opportunity to reserve tables with designated wait staff to<br />
entertain clients and business partners. Visitors also had the chance to meet the Chamber’s<br />
staff and learn about German business in the Midwest at <strong>GACCoM</strong>’s exhibitor booth that was<br />
permanently staffed throughout the festival.<br />
13
BuILD NETWORkS – ACROSS CONTINENTS, INDuSTRIES,<br />
AND GENERATIONS<br />
It is hard to put a number on the value of a network. Instead, let us simply tell you what ours can do for you. We<br />
believe that the most useful business networks are multi-dimensional. Therefore, we strive not only to connect<br />
you to peers that share similar interests and challenges, but across different industries and generations. The<br />
Chamber’s unique positioning at the crossroads of business, transatlantic institutions and associations, and<br />
government also allows us to act as a facilitator between these parties - to transport your message and make<br />
you aware of new opportunities as they arise.<br />
u CONNECTING THE PuBLIC AND PRIvATE SECTOR<br />
In <strong>2011</strong>, <strong>GACCoM</strong> was proud to welcome several high-level political delegations to the<br />
Midwest. These trips, organized in close cooperation with the German Consulate General in<br />
<strong>Chicago</strong>, are the ideal opportunity to connect business leaders and political decision makers<br />
and further deepen economic and cultural ties between countries, regions, and cities.<br />
CHICAGO HAMBuRG BuSINESS FORuM –<br />
SISTER CITIES TALk BuSINESS<br />
In June <strong>2011</strong>, Hamburg’s business and political<br />
leadership was the first international business delegation<br />
to be welcomed personally by <strong>Chicago</strong>’s new Mayor<br />
and former White House Chief of Staff, Rahm Emanuel.<br />
The conference on “Green Technology: Cooperation<br />
Perspectives for the Midwest and Northern Germany”<br />
brought over 120 business and policy experts from both<br />
countries to <strong>Chicago</strong> to discuss the current state of the<br />
industry in both regions and identify opportunities for<br />
future collaboration.<br />
u CONNECTING PEOPLE ACROSS GENERATIONS, INDuSTRIES<br />
AND LANGuAGE BARRIERS:<br />
MONTHLy INTERNATIONAL BuSINESS NETWORkING/FORMER<br />
yEC STAMMTISCH<br />
In <strong>2011</strong>, we re-invented <strong>GACCoM</strong>’s networking classic, the YEC Stammtisch, to better<br />
reflect the multi-national character of <strong>Chicago</strong>’s business community and our Chamber’s<br />
network. Now held together with the French-American Chamber of Commerce, and, as of<br />
early <strong>2012</strong>, the British-American Business Council, our monthly get-together has become<br />
one of <strong>Chicago</strong>’s prime opportunities to mingle with an international crowd and practice<br />
up to three languages in one evening. Yet, some of the old rules still apply: Everyone<br />
is welcome at “Stammtisch” and you will find a diverse crowd from C-level executives,<br />
newly or not so newly arrived expats, international students and young professionals, and<br />
<strong>Chicago</strong>ans with professional or personal ties to either of the three hosting countries.<br />
14<br />
Minister-President of Hesse, Volker<br />
Bouffier, visits the Sister State of<br />
Wisconsin<br />
“I extend a special welcome to the German<br />
companies that have traveled to <strong>Chicago</strong> for the<br />
<strong>Chicago</strong> Hamburg Business Forum. While in<br />
<strong>Chicago</strong>, I hope you will experience all our city has<br />
to offer, from a dynamic business community, to<br />
vibrant neighborhoods, world renowned cultural<br />
institutions, breathtaking architecture and much<br />
more. I invite you to make <strong>Chicago</strong> your regional home in North America.<br />
With our premier location as a global transportation hub, our dynamic<br />
workforce, and our business-friendly attitude, our city offers an unrivaled<br />
setting for you to grow and expand your business. (...) I look forward to<br />
the new economic opportunities this dialogue will bring to enhance the<br />
quality of life for citizens in the great cities of <strong>Chicago</strong> and Hamburg.”<br />
~ Rahm Emanuel, Mayor of the City of <strong>Chicago</strong>
OuR NETWORk AS A RESOuRCE FOR PROBLEM-SOLvING<br />
Take one of <strong>2011</strong> most discussed topics as an example - the challenge of securing and maintaining a skilled workforce, both here in the<br />
U.S. and in Germany. By offering different initiatives and services, we wanted to put our network to work and provide a multi-dimensional<br />
approach to the topic that could help you solve your company’s specific challenges.<br />
u PROMOTE ExCHANGE AMONG PEERS<br />
PANEL DISCuSSION: FIND, TRAIN, RETAIN<br />
In November, we held a very well-received panel discussion on the mitigation of skilled<br />
workforce shortages in manufacturing. Four panelists gave insights into different types<br />
of training initiatives established at their respective facilities. This event was the perfect<br />
opportunity for manufacturing executives to discuss challenges and solutions and share<br />
their experiences in training their own employees.<br />
u PROvIDE PRACTICAL SOLuTIONS FOR yOuR BuSINESS<br />
CAREER SERvICES<br />
As part of our consulting services portfolio, we find highly-qualified, bi-lingual job seekers to match your hiring needs. For our candidate<br />
search, we can draw upon a constantly updated database of highly-qualified job seekers and an extensive network of personal contacts<br />
in the German-American business community and beyond.<br />
u SECuRE TOMORROW’S TALENT AND BuILD<br />
BRIDGES BETWEEN GENERATIONS:<br />
TRANSATLANTIC PROGRAM yOuNG<br />
TECHNOLOGy LEADERS (TAP-yTL)<br />
With this on-going program, <strong>GACCoM</strong> organizes content-driven,<br />
topical delegation visits for young Americans to Germany.<br />
Select groups of students and young professionals from various<br />
technology sectors have the chance to experience first-hand how<br />
a given technology is applied in Germany, improve their language<br />
and intercultural skills, and start building international networks<br />
early in their careers. The program’s alumni organization with<br />
its annual get-togethers, on-going exchange on social media<br />
platforms, and frequent participation in other Chamber events is the<br />
perfect gateway for young talent to the German-American business<br />
community.<br />
“Whether it’s ensuring new members feel welcome,<br />
introducing members with complementary<br />
business interests, or discussing who we are<br />
with potential members, it all comes down to<br />
connectivity between people and their business<br />
and establishing relationships. <strong>GACCoM</strong>’s<br />
Executive Roundtables for CEOs, Finance, and<br />
HR executives of U.S. subsidiaries of German<br />
companies are one of the ways we try to<br />
further this dialogue among our member firms.<br />
These “circles” provide the opportunity for peers<br />
from German manufacturing companies to<br />
exchange ideas and discuss common challenges<br />
in an exclusive, confidential environment. These<br />
executives are also our “go to” sources for business<br />
issues related to strengthening EU-U.S.<br />
trade via comment to the Representative of<br />
German Industry and Trade in Washington DC.<br />
We strive to not only connect you with our vast<br />
national and global network but to make you an<br />
integral part of that network.”<br />
~Jayne Riemer-Chishty<br />
Director, Membership & Chamber Development<br />
15
16<br />
Effects on business sales volumes and prices in Effects 2009-<strong>2011</strong> on business s<br />
GERMAN FIRMS IN THE u.S. CONFIDENT DESPITE POLITICAL AND ECONOMIC<br />
uNCERTAINTIES - COMPANIES CONTINuE TO INNOvATE, Effects on GROW, business' AND sales HIRE volumes and Effects prices on in business' 2009-11<br />
I STATE OF THE BUSINESS<br />
In its third consecutive year, this survey conducted by the GACCs, the Representative of German Industry and Trade, and Roland<br />
Berger Firms Strategy experienced Consultants has strong become top-line an institution growth in German-American as CHANGE IN SALES VOLUMES IN 2009-11<br />
business. In fall <strong>2011</strong>, we once again approached CHANGE IN 1,900 SALES VOLUM<br />
headquarters of German-owned subsidiaries in the U.S. to review the ending year and ask for their expectations and strategic plans going<br />
forward. Firms sales volume experienced has continued strong top-line to increase growth and as sales volume has<br />
49%<br />
∑ <strong>2011</strong>: 72%<br />
44%<br />
45%<br />
price levels have recoverd<br />
38%<br />
44%<br />
38%<br />
27%<br />
continued to increase and price levels have recovered 23%<br />
17%<br />
23%<br />
14%<br />
u FIRMS ExPERIENCED STRONG TOP-LINE GROWTH<br />
9%<br />
12%<br />
6%<br />
10%<br />
14%<br />
6%<br />
Effects on business sales volumes and prices in 2009-<strong>2011</strong><br />
2%<br />
6% 0% 2%<br />
AS SALES vOLuME HAS CONTINuED TO INCREASE<br />
Much worse<br />
Worse<br />
No change<br />
Better<br />
Much better<br />
Effects AND on PRICE business' LEvELS sales HAvE volumes RECOvERED and prices in 2009-11<br />
Much worse<br />
Worse<br />
CHANGE IN SALES VOLUMES IN 2009-11<br />
38%<br />
I<br />
6%<br />
2%<br />
STATE OF THE BUSINESS<br />
In response to this top-line growth, companies<br />
Much worse<br />
In increased response their to workforce this top-line and 67% growth, expect companies further increased their<br />
workforce and 67% expect further headcount growth for <strong>2012</strong><br />
2009 > On 2010average,<br />
<strong>2011</strong> firms have<br />
CHANGE headcount IN SALES PRICES growth IN 2009-11 for <strong>2012</strong><br />
experienced a NEUTRAL<br />
Source: German American Business Outlook 2009, 2010, <strong>2011</strong><br />
IMPACT ON SALES<br />
52%<br />
u IN RESPONSE 47% TO THIS TOP-LINE 47%<br />
PRICES<br />
42%<br />
GROWTH, COMPANIES<br />
Changes in headcount by company size [employees] Insights DID YOU KNOW?<br />
INCREASED 24% THEIR WORkFORCE AND 28%<br />
21%<br />
67% ExPECT > However, an ongoing trend<br />
19%<br />
Changes FuRTHER HEADCOuNT in headcount GROWTH by company 9% FOR size <strong>2012</strong> [employees] in sales price change<br />
2% 3% 1%<br />
0% 2% 3%<br />
indicates CONTINUING<br />
better<br />
Much worse<br />
Worse<br />
No change<br />
Better<br />
Much better<br />
RECOVERY<br />
volumes<br />
IN PRICES<br />
0-50 51-500 501+<br />
INSIGHTS<br />
Insights 45%<br />
IncreaseREBOUND<br />
61% from sales 64% volumes drop in 2009 has further<br />
INTENSIFIED throughout <strong>2011</strong>, with more 75% firms experiencing<br />
73% 71%<br />
82%<br />
better volumes<br />
On average, firms have experienced a NEUTRAL IMPACT<br />
ON SALES PRICES<br />
43%<br />
However, an ongoing trend in sales price change indicates<br />
No CONTINUING RECOVERY IN PRICES<br />
38%<br />
32%<br />
change<br />
10%<br />
13%<br />
23%<br />
21%<br />
Reduction<br />
12%<br />
4% 8%<br />
13%<br />
4% 8%<br />
<strong>2011</strong><br />
(planned)<br />
<strong>2011</strong><br />
(actual)<br />
<strong>2012</strong><br />
(planned)<br />
Source: German American Business Outlook 2010, <strong>2011</strong><br />
Insights<br />
44%<br />
23%<br />
14%<br />
Worse<br />
2009 2010 <strong>2011</strong><br />
9%<br />
6%<br />
No change<br />
Source: German American Business Outlook 2009, 2010, <strong>2011</strong><br />
12%<br />
10%<br />
<strong>2011</strong><br />
(planned)<br />
49%<br />
45%<br />
Better<br />
<strong>2011</strong><br />
(actual)<br />
27%<br />
17%<br />
0%<br />
Much better<br />
<strong>2012</strong><br />
(planned)<br />
∑ <strong>2011</strong>: 72%<br />
I<br />
<strong>2011</strong><br />
(planned)<br />
Firms sales volume experienced has continued strong top-line to increase growth and<br />
Firms sales volume experienc as has s<br />
price levels have recoverd price levels have r<br />
continued to increase and price continued levels have to incr re<br />
CHANGE INSIGHTS IN SALES PRICES IN 2009-11<br />
Much worse<br />
> REBOUND 47% from sales<br />
42%<br />
volumes drop in 2009 has<br />
further INTENSIFIED<br />
24% 21%<br />
throughout <strong>2011</strong>, with more<br />
1%<br />
firms experiencing better<br />
volumes Worse<br />
<strong>2011</strong><br />
(actual)<br />
STATE OF THE BUSINESS<br />
Firms experienced strong top-line Firms growth experienced as<br />
52%<br />
47%<br />
47%<br />
28%<br />
19%<br />
24% 21%<br />
2% 3%<br />
9%<br />
2% 3% 0% 1% 2% 3%<br />
No change<br />
> Workforce has increased by<br />
5<br />
an AVERAGE OF 7% IN<br />
<strong>2011</strong> – reaching almost<br />
10% for Automotive and<br />
Manufacturing firms<br />
STATE OF THE BUSIN<br />
CHANGE IN SALES PRICE<br />
Better Much worse Much better Worse<br />
2009 2010 <strong>2011</strong><br />
REBOUND from sales volumes drop in 2009 has REBOUND further from<br />
INTENSIFIED throughout <strong>2011</strong>, with more firms experiencing INTENSIFIED thro<br />
better volumes<br />
On average, firms have experienced a NEUTRAL On IMPACT average, firms<br />
ON SALES PRICES<br />
ON SALES PRICE<br />
However, an The ongoing Directory trend of in Subsidiaries sales price change of German However, indicates Firms an ongo<br />
CONTINUING RECOVERY IN PRICES<br />
in the U.S. is a unique resource CONTINUING compiled REC<br />
and published jointly by the GACCs. Detailed<br />
73%<br />
27%<br />
64%<br />
36%<br />
information on over 3,500 U.S. operations of<br />
German firms is available online as well as in an<br />
> Last year, 69% OF FIRMS<br />
Annual Print Edition. This Who’s Who of German<br />
WERE PLANNING to<br />
business in the U.S. offers our members and<br />
increase headcount in <strong>2011</strong>,<br />
clients a perfect platform to find new business<br />
but ONLY 55% ACTUALLY<br />
partners or leverage their company’s profile within<br />
FOLLOWED THROUGH<br />
the German-American business community and<br />
beyond. > Firms It is also INTEND an invaluable TO resource for the<br />
Chambers RECOUP themselves, THIS HIRING allowing us to solicit<br />
<strong>2012</strong><br />
(planned)<br />
feedback DELAY from in hundreds <strong>2012</strong> – on of firms in surveys<br />
such as average, the Annual 67% German of total American firms Business<br />
Outlook, plan making to increase the directory their an important pillar<br />
of our mission workforce to represent German businesses<br />
in the United States.<br />
I<br />
Source: German American Business Outlook 20<br />
Insights<br />
7
Looking I STATE OF forward, THE BUSINESS surveyed firms are very<br />
optimistic about their own businesses and<br />
confident Looking forward, about the surveyed U.S. economy firms are very optimistic about their<br />
own businesses and confident about the U.S. economy<br />
u LOOkING FORWARD, SuRvEyED FIRMS ARE vERy OPTIMISTIC<br />
Outlook for the coming year<br />
29%<br />
ABOuT THEIR OWN BuSINESSES AND CONFIDENT ABOuT 2% 2%<br />
THE u.S. ECONOMy<br />
Unclear<br />
Outlook for the coming year<br />
I STATE OF THE BUSINESS<br />
U.S. GROWTH OUTLOOK<br />
Following this optimism, firms expect to keep<br />
their focus on growth-oriented 91% 89% initiatives ∑ <strong>2011</strong>: 93% and<br />
62%<br />
double-dip recession<br />
Following increasing this workforce optimism, firms expect to keep their focus on<br />
29%<br />
> 18% Overall, 48% of<br />
8%<br />
14%<br />
2% 2%<br />
2% 4%<br />
1% 5% 5%<br />
5% 7%<br />
4% 7%<br />
growth-oriented initiatives and increasing workforce<br />
respondents are expecting<br />
Unclear<br />
ContractionStrategic<br />
initiatives<br />
Flat to<br />
moderate growth<br />
OWN BUSINESS GROWTH OUTLOOK<br />
Strong growth<br />
the Unclear ECONOMY TO Contraction<br />
GROW moderately (43%)<br />
2009 or strongly 2010 (5%) <strong>2011</strong><br />
Source: German American Business Outlook 2009, 2010, <strong>2011</strong><br />
> Firms are even MORE<br />
Flat to<br />
moderate growth<br />
Strong growth<br />
69%<br />
59%<br />
61%<br />
18%<br />
14%<br />
5% 7%<br />
4% 7%<br />
+24<br />
+7<br />
Unclear<br />
Contraction<br />
Flat to<br />
moderate growth<br />
2009 60% 2010 <strong>2011</strong><br />
59% 62% +6<br />
53%<br />
+12 55%<br />
Source: German American Business Outlook 2009, 2010, <strong>2011</strong><br />
49%<br />
22% 25%<br />
9%<br />
-1<br />
Strong growth<br />
54%<br />
57%<br />
53%<br />
OPTIMISTIC ABOUT<br />
THEIR OWN OUTLOOK<br />
INSIGHTS<br />
compared to U.S.<br />
Insights<br />
Insights<br />
economy<br />
> German-American firms are<br />
> 86% expect 96% DO moderate NOT GROWTH-ORIENTED foresee to a double-dip recession and<br />
strong growth FOR THEIR<br />
OWN BUSINESS plan to engage both in<br />
-1 TO GROW moderately short-term (43%) and long-term or strongly (5%)<br />
9 strategic initiatives<br />
40%<br />
36%<br />
34%<br />
34%<br />
35% 33% 34% OUTLOOK u> FOLLOWING compared Focus remains to U.S. on economy THIS OPTIMISM,<br />
26%<br />
III WORKFORCE DILEMMA<br />
FIRMS introducing ExPECT new product TO kEEP THEIR<br />
Insights 22%<br />
86% expect moderate to strong growth FOR THEIR<br />
lines, but INCREASING<br />
In response to OWN a potential BUSINESS FOCuS ON shortage GROWTH-ORIENTED of skilled<br />
III WORKFORCE DILEMMA WORKFORCE has seen<br />
96% DO NOT foresee a double-dip recession<br />
INITIATIvES AND INCREASING<br />
workforce, German-American the biggest jump firms - firms plan mostly rely<br />
Overall, 48% of respondents are expecting the In ECONOMY response to a potential WORkFORCE<br />
on in-house training to add more shortage employees in of skilled<br />
Increasing TO GROW Entering moderately new Introducing (43%) or newstrongly<br />
Investment (5%) Process Investment<br />
workforce, German-American <strong>2012</strong> – an average firms growth mostly rely<br />
workforce<br />
Firms<br />
geographies<br />
are even MORE<br />
product<br />
OPTIMISTIC<br />
lines in PPE<br />
ABOUT THEIR<br />
production/<br />
OWN<br />
in R&D<br />
of 10% vs. 7% in <strong>2011</strong><br />
OUTLOOK compared to U.S. economy on optimization in-house training<br />
Measures for potential skill > shortages Interestingly, on all the firms U.S. labor market<br />
implemented their<br />
53% 86% expect 35% moderate to strong 55% growth FOR 33% THEIR 49% 34%<br />
OWN BUSINESS<br />
STRATEGIC INITIATIVES<br />
Measures for potential skill shortages<br />
AS PLANNED<br />
on<br />
LAST<br />
the U.S.<br />
YEAR<br />
labor market<br />
Strategic initiatives<br />
Planned<br />
for <strong>2011</strong><br />
Taken in 2010 Taken in <strong>2011</strong> Planned for <strong>2012</strong><br />
Source: German American Business Outlook 2009, 2010, <strong>2011</strong><br />
Insights<br />
U.S. GROWTH OUTLOOK<br />
10<br />
MEASURES [%] TRAINING BENEFITS<br />
German-American firms are GROWTH-ORIENTED and Others plan<br />
to engage both in short-term and long-term strategic initiatives<br />
Do not have<br />
Focus remains on introducing new product lines, but<br />
in-house programs<br />
INCREASING WORKFORCE has seen the biggest jump<br />
- firms plan to add more employees in <strong>2012</strong> – an Collaboration average with<br />
growth of 10% vs. 7% in <strong>2011</strong><br />
community colleges<br />
Planning in-house<br />
Interestingly, all firms implemented their STRATEGIC<br />
training or cooperation<br />
INITIATIVES AS PLANNED LAST YEAR<br />
with community college<br />
In-house<br />
programs<br />
1)<br />
8% Do not have<br />
33% in-house programs<br />
Collaboration with<br />
u IN RESPONSE TO A<br />
33%<br />
8%<br />
community colleges<br />
POTENTIAL SHORTAGE<br />
4% Planning in-house<br />
OF SkILLED WORkFORCE,<br />
training or cooperation<br />
8%<br />
GERMAN-AMERICAN FIRMS<br />
4% with community college<br />
MOSTLy RELy ON IN-HOuSE<br />
In-house<br />
TRAINING<br />
47%<br />
programs<br />
47%<br />
In response to a potential shortage of skilled wo<br />
In American response firms to a mostly potential rely shortage on in-house of skilled training wo<br />
American firms mostly rely on in-house training<br />
Measures for potential skill shortages on the U.S. labor marke<br />
MEASURES [%] TRAINING BENEFITS<br />
Others1) 8%<br />
9% Lower risk of injuries<br />
THE FuLL RESuLTS Source: German OF American THE SuRvEy Business Outlook ARE <strong>2011</strong>AvAILABLE<br />
AT WWW.GACCOM.ORG/GABO<br />
1) Example: bring technicians from Germany<br />
Source: German American Business Outlook <strong>2011</strong><br />
Outlook for the coming year<br />
8%<br />
OWN INSIGHTS BUSINESS GROWTH OUTLOOK<br />
> 96% DO NOT foresee a<br />
Outlook for the coming year<br />
2%<br />
Contraction<br />
4%<br />
62%<br />
18% 9%<br />
18%<br />
25%<br />
25%<br />
47%<br />
91%<br />
CHANGE IN SALES VOLUMES<br />
IN<br />
89%<br />
38%<br />
6%<br />
1% 2%<br />
Lower employee<br />
Lower turnover risk rates of injuries<br />
Lower employee<br />
turnover Increase rates productivity<br />
Increase productivity<br />
Higher product/<br />
service quality<br />
Higher product/<br />
service quality<br />
5%<br />
∑44% <strong>2011</strong>: 93%<br />
5%<br />
Flat to Much worseStrong<br />
growthWorse<br />
moderate growth<br />
59%<br />
69%<br />
Effects on business' sa<br />
CHANGE IN SALES PRICES<br />
><br />
61%<br />
Effects on business sale<br />
22%<br />
2% 3%<br />
9%<br />
1%<br />
23%<br />
14%<br />
25% 24% 21%<br />
Much worse Worse<br />
REBOUND from sal<br />
INTENSIFIED throug<br />
Overall, 48% of respondents are expecting the better ECONOMY volumes<br />
On average, firms h<br />
Firms are even MORE OPTIMISTIC ABOUT THEIR ON SALES OWN PRICES<br />
47%<br />
2009 2010 <strong>2011</strong><br />
Source: German American Business Outlook 2009,<br />
However, an ongoing<br />
CONTINUING RECO<br />
Measures for potential skill shortages on the U.S. labor marke<br />
1) Example: bring technicians from Germany<br />
Insights<br />
47%<br />
17<br />
><br />
><br />
>
18<br />
BOARD OF DIRECTORS <strong>2011</strong>/<strong>2012</strong><br />
CHAIRMAN<br />
W. David Braun<br />
Partner<br />
Quarles & Brady LLP<br />
vICE CHAIRMAN<br />
PRESIDENT & CEO vICE PRESIDENT<br />
Simone Pohl<br />
German American Chamber of<br />
Commerce of the Midwest, Inc.<br />
Patricia H. Besser<br />
Managing Director<br />
US Trust, Bank of America Private<br />
Wealth Management<br />
Merrill Lynch, Pierce, Fenner & Smith<br />
Ambassador J.D. Bindenagel<br />
VP for Community,<br />
Government & International Affairs<br />
DePaul University<br />
Dr. John D. Gatto<br />
President & CEO<br />
NRW Invest (North America) LLC<br />
Fred Hoffman<br />
Honorary German Consul<br />
Wolfgang Hoffmann<br />
Vice President,<br />
Finance and Administration<br />
Robert Bosch LLC<br />
Lübbert Kruizenga<br />
Shareholder/CFO<br />
Novoterus LLC<br />
HONORARy DIRECTORS<br />
Luke Baer<br />
President<br />
Bosch Management Services North America<br />
Dieter A. Schmitz<br />
Partner<br />
Baker & McKenzie<br />
vICE CHAIRMAN<br />
Dr. Friedrich-Hans Grandin<br />
President & CEO<br />
Komet of America Holding, Inc.<br />
THANk yOu TO OuR <strong>2011</strong> PLATINuM AND PATRON SPONSORS<br />
PLATINuM<br />
SPONSORS:<br />
PATRON SPONSORS:<br />
Mark Tomkins<br />
German American Chamber of<br />
Commerce of the Midwest, Inc.<br />
Karl Lehman<br />
Director Regional Sales, Central USA<br />
Lufthansa German Airlines<br />
Dr. Walter Maisel<br />
President & CEO<br />
KOSTAL North America<br />
Karl-Georg Mielke<br />
CEO<br />
K+S North America Salt Holdings LLC<br />
Jürgen Reers<br />
Managing Partner<br />
Roland Berger Strategy Consultants, LLC<br />
Jack S. Richter<br />
Director<br />
J.S. Richter Ltd., CPAs<br />
Logan Robinson<br />
University of Detroit,<br />
Mercy School of Law<br />
Uwe Schoberth<br />
Executive Vice President, Head of<br />
Regional Management/Distribution<br />
North America P&C<br />
XL Insurance America, Inc.<br />
Markus Schyboll<br />
CEO<br />
Schunk of North America<br />
Ronald L. Skwarek<br />
Partner<br />
Deloitte & Touche LLP<br />
Geoffrey Somary<br />
President & CEO<br />
Ipsen, Inc.<br />
Norbert Weichele<br />
CEO<br />
Zentis Food Solutions North America LLC<br />
Jesse D. Young<br />
Financial Advisor<br />
Morgan Stanley Smith Barney<br />
Harry E. Huff Peter H. Merlin<br />
... AND ALL OuR OTHER <strong>2011</strong> SPONSORS
STAFF<br />
<strong>2011</strong>/<strong>2012</strong> INTERNS<br />
Thank you to all of the interns who have worked with <strong>GACCoM</strong> in<br />
some capacity over the past year. Your efforts are greatly appreciated.<br />
Katrina Denny<br />
Florina Gamp<br />
Helene Hartmann<br />
Frederike Holdhof<br />
Corinna Jess<br />
Anne Koenig<br />
Ulrike Leifheit<br />
Norman Leonhardt<br />
Dolly Livingston<br />
Afra Lucas<br />
William Mrazek<br />
Nicholas Negulescu<br />
Morgan Pendleton<br />
Kingsland<br />
Colin Preszler<br />
Ranja Radwan<br />
Sabine Rehbein<br />
Ian Rinehart<br />
Julia Schubert<br />
Isabell Steinert<br />
Theresa Toewe<br />
Franziska Weyer<br />
Alicia Weippert<br />
Matthias Woort<br />
MANAGEMENT<br />
Simone Pohl President & CEO<br />
Mark Tomkins Vice President<br />
Kerstin Fooken Executive Assistant<br />
ACCOuNTING & FINANCE<br />
Matt Wallace Director, Accounting & Administration<br />
Sylvia Knoerzer Accounting Manager<br />
Brad Hamburger Office Manager & Bookkeeper<br />
MEMBERSHIP SERvICES<br />
Jayne Riemer-Chishty Director, Membership and Chamber<br />
Development<br />
Anna Cournoyer Manager, Events and Membership<br />
Eva Krause Manager, Public Relations<br />
Nadine Schieban Event Coordinator<br />
Renate Weber Manager, Web Services<br />
CONSuLTING SERvICES<br />
Virginia Rounds Director, Consulting Services<br />
Daniela Daus Senior Manager, Transatlantic<br />
Relations & Transatlantic Program<br />
Laura Flamm Manager, Consulting Services<br />
Justin Flaxbart Manager, Consulting & Career Services<br />
Christian Goetz Consultant<br />
Werner Gruenberg Manager, Consulting Services<br />
James Hollis Renewables Project Manager<br />
Corinna Jess Renewables Consultant<br />
Afra Lucas Consultant<br />
Meredith Marsh Das Haus Project Coordinator<br />
GERMAN AMERICAN SERvICES INC.<br />
Ray Lotter Vice President & Managing Director<br />
Maren Biester Vice President & Manager,<br />
Christkindlmarket<br />
Sonja Martinez Assistant Manager, Christkindlmarket<br />
19
EvENTS <strong>2012</strong> – MARk yOuR CALENDARS!<br />
JANuARy FEBRuARy MARCH<br />
MI Chapter: New Year’s Gala<br />
MI – Jan. 17<br />
GACC and RGIT Annual<br />
Economic Forum<br />
Rosemont, IL – Jan. 26<br />
APRIL MAy JuNE<br />
MI Chapter: SAE Reception<br />
MI – Apr. 24<br />
MN Chapter Annual Gala<br />
Minneapolis, MN - Apr. 27<br />
JuLy AuGuST SEPTEMBER<br />
Annual <strong>GACCoM</strong> Family Boat Cruise<br />
<strong>Chicago</strong>, IL– July TBD<br />
Members Forum<br />
<strong>Chicago</strong>, IL - July TBD<br />
CO Chapter: 16th Annual Biergartenfest<br />
Morrison, CO – July 13-14<br />
WI Chapter: Annual German Fest Reception<br />
July TBD<br />
OCTOBER NOvEMBER DECEMBER<br />
Das Haus – Innovation in<br />
Renewables and Energy Efficiency<br />
Denver, CO – Oct. TBD<br />
Wind Energy Business Delegation<br />
and Conference<br />
<strong>Chicago</strong>, IL - Oct. 29-31<br />
<strong>GACCoM</strong> Members Reception<br />
<strong>Chicago</strong>, IL – Feb. 9<br />
Annual MERLIN Awards Gala<br />
<strong>Chicago</strong>, IL – May 4<br />
Business Delegation<br />
“Sweets and Snacks”<br />
<strong>Chicago</strong>, IL – May TBD<br />
AHK World Conference<br />
Berlin, Germany - May 21-23<br />
International Business Networking<br />
<strong>Chicago</strong>, IL - Aug. 15<br />
Annual Executive Wine Dinner<br />
<strong>Chicago</strong>, IL – Nov. 2<br />
Christkindlmarket <strong>Chicago</strong><br />
<strong>Chicago</strong>, IL – Nov. 21-Dec. 24<br />
RSNA German Night Reception<br />
<strong>Chicago</strong>, IL – Nov. TBD<br />
Visit www.gaccom.org/events regularly for updated information and additional events.<br />
MN Chapter: Annual German<br />
Scholarship Award Dinner<br />
St. Paul, MN – Mar. 3<br />
Solar Energy Business Delegation<br />
and Conference<br />
Denver, CO – Mar. 15-16<br />
Stammtisch on the Road – Mar. 29<br />
Energy Efficiency as the<br />
Competitive Edge for Manufacturers<br />
Milwaukee, WI - June 5<br />
Stammtisch on the Road – June 28<br />
IMTS/IANA Reception @ McCormick Place<br />
<strong>Chicago</strong>, IL – Sep. 11<br />
Stammtisch on the Road – Sep.TBD<br />
Das Haus – Innovation in<br />
Renewables and Energy Efficiency<br />
<strong>Chicago</strong>, IL – Sep.TBD<br />
Stammtisch on the Road – Dec. TBD<br />
German American Business Outlook<br />
Press Conference & Reception<br />
New York, NY – Dec. TBD<br />
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