OUR THOUGHTS ON:

Investment in U.S. Business and Manufacturing

International|Manufacturing

By Mary Richter

Recently, Schneider Downs participated in an education session hosted by Pittsburgh Regional Alliance for several U.K. companies on a trade mission from the North West of England.  The companies are visiting the U.S. with plans to expand sales of goods and services by establishing a presence here.  In many cases, these entities, which vary in scope and size, already have U.S. customers.  They recognize the opportunity that the U.S. market provides.

We provided the companies with an overview of U.S. tax and business considerations related to operating in country.  In our discussions with the companies, it was clear that they were excited at the prospect of expanding in the U.S.   What was perhaps a bit surprising was that every company that manufactured a product was looking to add U.S. manufacturing activity, once they established a local market.  Not only are we seeing U.S. companies bringing manufacturing back to North America, but now we see foreign businesses recognizing the skill and productivity of American workers.

U.K. Trade & Investment, the U.K. government organization that arranged the trade mission, is actively working to help develop the North American markets for U.K.- based companies.

Note that the U.S. also has similar outbound programs for U.S. companies looking to expand overseas.  These programs are generally administered by various state agencies, including Pennsylvania and Ohio.

If you are interested in expanding to other countries, you can contact me to discuss or read a previous article that I wrote discussing expansion.

© 2014 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

This advice is not intended or written to be used for, and it cannot be used for, the purpose of avoiding any federal tax penalties that may be imposed, or for promoting, marketing or recommending to another person, any tax related matter.

You’ve heard our thoughts… We’d like to hear yours

The Schneider Downs Our Thoughts On blog exists to create a dialogue on issues that are important to organizations and individuals. While we enjoy sharing our ideas and insights, we’re especially interested in what you may have to say. If you have a question or a comment about this article – or any article from the Our Thoughts On blog – we hope you’ll share it with us. After all, a dialogue is an exchange of ideas, and we’d like to hear from you. Email us at contactSD@schneiderdowns.com.

Material discussed is meant for informational purposes only, and it is not to be construed as investment, tax, or legal advice. Please note that individual situations can vary. Therefore, this information should be relied upon when coordinated with individual professional advice.

© 2018 Schneider Downs. All rights-reserved. All content on this site is property of Schneider Downs unless otherwise noted and should not be used without written permission.

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