ChamberBrief 2017: December Edition

Dear Members and Friends,

Seasons Greetings from GACC Midwest!

2017 has been an exciting year for transatlantic business. As German companies in the US are flourishing, they are carefully watching the political landscape. Major initiatives like NAFTA renegotiations, the tax law restructuring and changes in immigration are still ongoing, and we are monitoring these developments and their potential impacts on our members closely.

Despite these political uncertainties, our German American Business Outlook 2018 reports that optimism remains high among German companies in the US. For the first time since this survey was launched, 100% of the participating companies expect growth for their business next year. This is great news for transatlantic trade and the future of our German-American business community. For more detailed results we encourage you to check out the brochure.

Thank you for being a part of our network. We hope 2018 will be a successful year for you all!

Happy Holidays!

Your GACC Midwest Team

The GACCs together with RGIT and KPMG presented the results of the German American Business Outlook (GABO) 2018 at J.P. Morgan in NYC on December 11. The survey results highlight important trends for German firms in 2018, including skilled workforce, expansion via M&A and manufacturing, and data analysis. Read the complete results here.

Our Business Conference focusing on technologies driving the manufacturing industries in brought 13 German innovators together with US companies in Troy, MI in order to promote partnerships and new business in the field of Industry 4.0. The conference was part of a trade mission discussing opportunities and challenges for manufacturers implementing Industry 4.0 solutions, the difficulties of setting a ROI for these solutions, the workforce of the future and cultural changes of companies. Read more about Industry 4.0 and the opportunities it presents for German American cooperation.

2017 has been an amazing year for our Skills Initiative. Our ICATT Apprenticeship Program has grown steadily this year, from expanding to Wisconsin, to further developing clusters in Illinois and Indiana. We'd like to welcome all our new ICATT Network Companies who have joined us in 2017:

Basin Precision Machining
BBS Automation
BorgWarner Inc.
Bourn & Koch, Inc.
Clyde's Donuts
Endress+Hauser Inc
Engis Corporation
Fibro, Inc
GF Machining Solutions, LLC

Greenlee Textron, Inc.
Hydraforce, Inc.
Inland Die Casting Company
J&M Plating, Inc.
Krones, Inc.
Mason Manufacturing
Pepperidge Farm
Phoenix Modular Elevator
Standfast Group

Become an ICATT Network Company today and start training the workforce of tomorrow!

As German automotive companies look to expand into the US market, two trends are dominating the discussion: electric mobility and autonomous driving. These emerging technologies have the potential to completely reshape the automotive industry, and many innovative German companies want to invest. Michigan, the home of the Big Three and countless other suppliers, is well-positioned as an investment location for German automotive companies. Read more about these trends in our Automotive Newsletter

GACC Midwest has many upcoming projects and initiatives planned for 2018. Our Chamber will be hosting initiatives on a wide variety of topics, from Energy Storage and Water Infrastructure, to Agriculture Perspectives and Transatlantic Clusters. Connect with us at our many events in the Midwest, or at the German American Business Forum (DAWT) in Germany. Finally, get news about our network and projects in our many publications, studies and White Papers. Follow us on Facebook, Twitter and LinkedIn to stay in touch. 

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Licensed to process apprenticeship program certifications to German standards in the US.