Welcome to your March 2012 issue of Access U.S.! I've just returned from Toronto where I attended the Canadian Restaurant & Foodservice show. BNE will be back in Toronto on March 19-20 for FabTech Canada. To schedule a one-on-one meeting or just to learn more about how BNE helps Canadian companies expand into the U.S., contact me today!
Corporate Structure of Foreign Operations and Eligibility for Capital Gains Exemption
In the business world of today, many Canadian privately owned companies seek to transfer some of their operations to the U.S. (or other foreign countries) to capture their share of foreign markets, benefit from lower operating costs and foreign tax shelters.
3 More Canadian Companies to Expand to Buffalo Niagara
In November Nutrablend Foods finalized plans for their second expansion here, while December saw Avanti Advanced Manufacturing Corporation announce their first U.S. operation. In January, Blockbuster Costumes confirmed that they would be the next Canadian based company to locate in western New York. These companies are classified in the agribusiness, advanced manufacturing and logistics & distribution targeted industry clusters respectively, and will bring a total of 35 new jobs and just over $1 million of investment into the region.
New Video featuring Canadian Company, Electro Sonic
Last week we premiered a new video featuring Electro Sonic, Canada's largest distributor of electrical and electronic components. In 2010, I had the opportunity to work with Electro Sonic in helping them expand to Buffalo Niagara.
In the video, Electro Sonic President Eric Taylor explains why the third generation, family-owned company selected the Buffalo Niagara region as the place to locate their North American distribution center and how that decision has benefitted the company and its employees.
If you're planning on visiting the U.S., make it easy and utilize all the tools available to minimize your wait time at the border: The Niagara Falls Bridge Commission has a toll-free number (1-800-715-6722), website and even a Twitter feed to provide you with up-to-the-minute bridge traffic information.
"It enables me the opportunity to do just about anything. If I want to go shopping, go out for dinner with my husband or a night out with friends, Buffalo is the place to go."
- Ellen Brokaw, Assistant Director of Residence Life, College Village
