Page 22 - MidJersey Business - July-August 2014

The Mid-Jersey Guide to Exporting

OH, CANADA!
PRIME

RESOURCE

Doing business with our
THE BUSINESS

ACTION CENTER

n eighbors to the north. HAS YOUR BACK

International Busi-

Oness Advocates

from the Ofice of
By Larry Richards
International Busi-

n March 23, 2005, the York and one in Philadelphia—also play a vital ness Development
State of New Jersey and role in economic development between New
and Protocol can
the Province on Ontario Jersey and Canada.
signed a Memorandum New Jersey, because of its central location
help your com-
of Understanding and along the Northeast Corridor, represents an
pany access free
Cooperation creating a ideal point-of-coordination and interface for
Sister State Agreement Ontario’s economic development activities
export and import

between the two regions. This agreement rec- along the eastern seaboard. New Jersey and consulting, iden-
ognized and strengthened the strong trading Ontario share a common language, a common
tify buyers and
relationship and economic ainity that exist culture, and similar economic development
between New Jersey and Ontario.
interest. Biotech, life sciences, inancial new international

Today Canada ranks as New Jersey’s lead- services, advanced technology, healthcare, markets for your
ing export partner with $6.7 billion worth of energy eiciency, and advanced manufactur-
products or ser-
goods passing from New Jersey businesses ing are vital components of both regions’
to Canadian customers during 2013.
economies. Both regions are home to vices, ind partners

This igure was three times larger than
world-class colleges and universities
for joint ventures
New Jersey’s second-leading
that serve as focal points
and strategic
export partner (Mexico at
for business accelerators,
$2.2 billion) and accounted
entrepreneurial businesses,
alliances, and

for approximately 18.5
and technology transfer.
take advantage of

percent of the state’s total
Rutgers, Rider, The College inancing oppor-
export revenue.
of New Jersey, and Princeton
tunities and site
The relationship between
all represent attractive research
New Jersey and Ontario represents
and development partners for On- selection services

a win-win partnership for both
tario-based academic institutions.
for new investors
regions. In response to Canada’s economic Ontario stakeholders are anxious to
seeking a corpo-
ties to New Jersey, Ontario—Canada’s
discuss these opportunities in more detail.
largest province and home to almost 40 We look forward to ongoing, expanded con-
rate presence in

percent of the nation’s total population—has versations with business owners, economic the state.
taken steps to strengthen its resources along development personnel, investors, academic

the Northeast Corridor. The Ontario Min- institutions, and public/private groups in the For more in-
istry of Economic Development, Trade, and mid-Jersey region. An open door and a warm
formation, call
Employment (MEDTE) currently employs Canadian welcome exist for any mid-Jersey
two resources in the New Jersey/New York stakeholders who would like to explore On- 866.534.7789 or

region—a senior economic development oicer tario in more detail.
email feedback@
(Michael Stewart) and support staf in New
sos.state.nj.us.
York, and an international investment devel- Larry Richards is the international investment

opment oicer (Larry Richards) in Princeton. development oicer for the Ontario Ministry of
The Canadian Consulate General in New York Economic Development, Trade, and Employ-

(John Prato, counsel general) along with its ment. He can be reached at 609.683.5803 or at
three technology accelerators—two in New
Larry.Richards2@ontario.ca.

20 business.com
midJersey