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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 />

AtlAntA | chicAgo | houston | new york | philAdelphiA | sAn frAncisco

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