The SelectChicago conference sessions on Wednesday, September 23, 2020 focused on how local reps help. US accounting and biopharma contacts from the Greater Chicago Area explained their services for global companies. Canadian and Mexican trade commissioners detailed how they support inbound business and imports from Canada and Mexico.
Boots on the Ground
Why engage a local representative?
Elke Rehbock and Ginta Rubin discussed the necessity of working with a local guide for business success.
Ginta explored the strategies successful businesses implement, such as looking for opportunities amid crisis, instead of panicking. Both ladies showed us the true value of having a local resource, pointing out the even personal, pre-screened introductions are worth gold to international businesses seeking to set up a facility in Chicagoland.
Elke Rehbock – Dentons (manufacturing sector legal)
Ginta Rubin – INI Today
Accounting, Business and Tax Concerns for Doing Business in the USA
Steve Handler and Joe Rozani of MichaelSilver highlighted the key accounting rules and regulations all businesses should be privy to. Steve explored in great detail the necessary steps for setting up your business for success from the get-go, like developing a written strategic plan.
Joe Rozani gave us practical advice on operation forms and how those impact taxation. Joe also explored important forms businesses should be aware of, in order to avoid hefty fines later on.
Why Chicagoland for Biopharma?
SelectChicago attendees enjoyed hearing from the dynamic trio, Leslie Murphy, Michael Rosen, and Scott Brandwein of JLL, on why BioPharma businesses should look to Chicagoland. We learned about the benefits of how accessible Chicago truly is, the benefits of clusters for life science companies, and all the resources available in the midwest region.
Life sciences companies really want a physical cluster of other biotech and pharma companies to collaborate with. Everyone benefits from that collaboration and shared resources like the many universities and labs present in the midwest.
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Leslie Murphy – Skokie Tech Park
Michael Rosen – Helix51 BioPharma Incubator (Rosalind Franklin University)
Scott Brandwein – JLL (Commercial Real Estate)
What about the new NAFTA?
Ginta Rubin joined us again to moderate an engaging discussion between Canadian and Mexican representatives, Martine Hebert and Karla Orozco. We learned about the important chapters in the new NAFTA as well as the benefits and drawbacks of USCMA.
Martine shared some exciting figures about Canadian trade, like how more than 9 million US jobs are reliant on trade and investment from Canada! The most important takeaway from this session is how important ongoing conversations between all 3 countries are. Explore both ladies’ presentations as well as a live recording of the session in Pheedloop.
Ginta Rubin – INI Today