Bellevue as a Center for International Trade

PresentationNovember 10, 2009

Thomas Boydell Economic Development Manager

Purpose of International TradeDiversify local economy and feed

expansionDowntownBel-Red visionSupport to technology entrepreneurismInvestment

Build off Bellevue’s StrengthsInternationally diverse populationSchools, cultural amenities, and

communityGood access, parking, and low crime Location in region and globallyBusiness Strengths – e.g., proximity to

MSFT, Boeing, UWExpand based on global market

opportunities

Downtown Bellevue

Tomorrow’s Bel-Red Innovation Corridor (912 acres)

Cultural Amenities

Parks and Public Gathering Places

Expanded Shopping and Entertainment

New Upscale Retail

New Office and Residential Towers

Expedia Inc.

Lincoln Square

Summit

The Bravern - Microsoft

City Center 989 Elements

Tenzo Tower

Bellatini

BRE Ashton

DemographicsDiversity growing at a galloping pace A global workforce

30%+ foreign born (compared to 25% in Seattle)

30%+ speak a language other than English 70 languages spoken in Bellevue schools (up from

36 in 2002) Compared to >100 in Seattle schools Compared to >130 different languages spoken

in the Bellevue-Seattle Metropolitan area 30%+ non-Caucasian

A well-educated workforce 60% of those over 25 with at least a bachelors

degree (national average of 27%) High number of PhDs per capita

Importance to the city’s economy International funds and investments transfer

is huge business Attracting top professionals from around the

world fuels technology sector Top talent people will nurture institutions that

will, in turn, nurture their children’s talents Nearby universities, community colleges and

technical training institutes Award-winning Bellevue Public Schools

International Companies in Bellevue

Bellevue Companies - National &

International

AAA of Washington Boeing CH2M Hill Coinstar Eddie Bauer Expedia Inc. Microsoft Mulvanny G2 Architecture PACCAR Pokémon USA, Inc. Symetra Financial T-Mobile USA (formerly

Deutsche-Telecom)

Example List of Asian Companies in Bellevue or nearby

China CompaniesLoci Software Kiloboat.comLongtop International

Taiwan CompaniesChina Trust Bank

India CompaniesAditi Aztecsoft Congruent SoftwareCordant iLink PhyswarePrithvi Second SpaceWiPro Pacific Consulting Services

Japan CompaniesICOM Pacific Software Publishing Inc.Nintendo Grape CityTokai Denpun USA

* Total of 125 foreign-owned companies, more than 900 firms involved in international trade

Why “Initiative India”Follow up on recent China efforts and strong

connections to China and other countries in AsiaIncrease services and cultural programs to Bellevue’s

citizens and international residentsFastest growing demographic segment is Indian/South

AsianGrowth of 1000% 2000-2008, largest concentration in

WashingtonIncrease outreach to technology businessesMarket research on trade between Wash and IndiaHistoric new policy and trade agreements in 2008/2009Test out ideas and have fun

Experience – May ‘08 to Nov ‘09

Explosive Success, due to …Outstanding leadership and encouragement

of the local Indian-American communityRegionally collaborative approachFortunate timingActions based on analysis of opportunitiesEfforts to connect people

In ProcessTypes of activities or ideas being explored

Cultural ~ Gandhi Memorial, Crossroads, ISAFF, SAM exhibit, Fashion show, Summer outdoor films, 1020, BAM

Economic ~ NFIA Convention, Business networking and civic engagement, WTC India Dinner event, Mobile Technology event, “Culture and communications” workshop and training for Bellevue staff, Business relocations, SBI, Air India, Global Health Program/Nurses Training Exchange, Proposed trade mission (Orissa)

Policy Connections ~ Interactive media strategy, A&E strategy, ESI, and existing state and federal export assistance programs

Government Of India~ Ambassadors Sen and Shankar, Consul General, new PNW Consulate proposed for Bellevue

US Government ~ Federal, state, and local officials

Other Foreign Governments ~ New engagement from Great Britain, Mexico, Australia, and potentially Indonesia

Investment ~ EB 5, II Advisory Committee, Youth Entrepreneurs workshop, Entrepreneurs' Boot Camp

Potential Outcomes – Trade & Investments

AgricultureCivil and Military Airplane SalesTransportation Equipment Computer Technology, SoftwareMobile Device Technology and SoftwareMedical Equipment, Devices, and ManagementHigher EducationArchitecture and Engineering ServicesEnvironmental ServicesClean Energy (e.g., Smart Grid systems)Corporate FinanceInvestments and Private BankingLegal ServicesFranchisesCouture Fashion, Garments & TextilesSpices