Thought Leadership - HORAN Wealth 12-2024
United States Corporate Transparency Act Update The Corporate Transparency Act (CTA), enacted in 2021 as part of the Anti-Money-Laundering Act of 2020, aims to combat illicit financial activities such as money laundering, terrorism financing, and tax evasion. It establishes a national registry for beneficial ownership information, requiring certain U.S. businesses to disclose the individuals who own or control them to the Financial Crimes Enforcement Network (FinCEN), a bureau of the U.S. Department of the
Thought Leadership - DHL Express
Should Majesty Fall to Folly: A Cautionary Word for the U.S. and EUThese days a dedicated free trader isn’t that different from a twenty-year-old Beatles fanatic: both living well outside the glory days of their respective devotions. But in an era where escalating protectionist measures would undermine global trade relationships, it’s ever more important to swim against these tides. Our geopolitical future, supply chains, and economic health have so much to gain by holding tight to our deep common
Thought Leadership: Roedl-VL 11/ 2024
Trump's tax plans at a glanceThe election of the 47th President of the United States on November 5, 2024 and the victory of Donald Trump means potential changes, especially for European owned companies and investors. Four years after leaving the oval office, Donald Trump will now return to the White House in January 2025. In his election night speech, he already announced that he would "not rest until we have created a strong, secure and prosperous America". It is awaited how US tax law will change under
EACC Cincy Launches Global Cincy Magazine
Global Cincy Magazine EACC Cincy is proud to spearhead a new publication focused on highlighting the Cincinnati Region's rich international community. From industry to restauration to art to education, Cincinnati is home to not only foreign expats, but also to former U.S. expats, who themselves have experienced life and work abroad. Having a richly international community brings a transformative range of benefits to any region, weaving global perspectives into the local fabric in ways that
Member News: Perfetti van Melle
Perfetti Van Melle’s Sylvia Buxton Inducted into NCSA Candy Hall of Fame Erlanger, KY – (Oct. 30, 2024) Congratulations to Sylvia Buxton, President and CEO of Perfetti Van Melle Americas Business Unit, who has been inducted into the 2024 National Candy Sales Association (NCSA) Candy Hall of Fame. The ceremony took place on Saturday, Oct. 26 in Orlando, FL, and is one of the highest honors in the confectionery industry, recognizing lifetime career achievements, loyalty to the industry and going above and
Thought Leadership - CVG
CVG’s nonstop routes are key to boosting transatlantic trade Transatlantic air service is the backbone of global business and economic growth. The Cincinnati/Northern Kentucky International Airport (CVG) currently offers two nonstop flights to Europe. One to London, United Kingdom (LHR), with British Airways, and the other to Paris, France (CDG), with Delta Air Lines. These flights are not just about travel; they connect the region to key European markets, investors, and global supply chains. Now is the
TRANSFORM 2024
Unlocking Industrial AI: Seizing Opportunities and Simplifying ComplexityIndustry conferences, AI conferences, chamber events, seminars, luncheons, keynotes... all very ubiquitous nowadays and frankly a little overwhelming. Business leaders are being solicited left, right and center as they try to go about their daily lives - managing crises, maintaining strategic focus, and keeping the vision alive! The EACC strives to be different, not only keeping our promise of concrete value to our members, but
Thought Leadership - Miller Valentine
How Lean/Integrated Project Delivery (IPD) can Create Certainty in a VUCA World Like just about every other market sector, the construction industry has entered VUCA territory: Volatile, Uncertain, Complex, and Ambiguous. In a VUCA market, traditional construction methods, such as design-bid-build, are becoming riskier undertakings. Projects that progress along a straight line marked by distinct hand-offs between design and construction lack the agility to effectively manage labor shortages, pricing
Thought Leadership - HORAN Wealth
Maximizing Your Charitable Impact: The Benefits of Bunching with a Donor Advised Fund (DAF) Relocating from Europe to the United States involves so much change! A significant difference you will encounter is the approach to charitable giving. Social safety-nets and cultural pursuits are often publicly funded in Europe. In the United States, individual giving to charitable organizations is critical to the survival of these organizations. Accordingly, the tax benefits of charitable giving differ
Ops Showcase - FESTO
Operations Showcase at FESTO On September 18, 2024 FESTO welcomed EACC members and prospects to their facility in Mason, OH. FESTO is a big name in our region - and around the world - and this Operations Showcase helped illustrate why. A Google search, and FESTO's own website (above right), will tell the story of a globally-active family-owned German business that manufactures process control and factory automation solutions. Our operations showcase showed us A LOT MORE! A few of the stats we
Ops Showcase - Butler Tech / Miami University
Operations Showcase at VORA with Butler Tech & Miami University Following an intriguing and exciting news headline that appeared earlier in 2024 (pictured above), a sizable group of leaders from industry and academia came together on on September 25, 2024 at the former VORA Technology Park in Hamilton, OH to learn - and see - what the advanced Manufacturing Workforce, Development, Research, and Commercialization Hub (The Hub) is all about. This groundbreaking initiative is spearheaded by a collaborative
USCIS Extends Green Card Validity Extension to 36 Months for Green Card Renewals
USCIS Extends Green Card Validity Extension to 36 Months for Green Card Renewals Effective Sept. 10, 2024, U.S. Citizenship and Immigration Services automatically extended the validity of Permanent Resident Cards (also known as Green Cards) to 36 months for lawful permanent residents who file Form I-90, Application to Replace Permanent Resident Card. Extensions and Receipt Notices: Form I-90, Application to Replace Permanent Resident Card Lawful permanent residents who properly file Form I-90 to
New Member Introduction - Bank of America
Bank of America: Helping you grow and prosper in a dynamic world Stay ahead of trends, uncover opportunities and drive growth with a bank you’ll never outgrow. Our relationship managers use local expertise, global resources, and best-in-class technology and solutions to help companies succeed and thrive. Bank of America offers integrated financial services to clients across all major industries in more than 100 U.S. and Canadian cities and 15 countries. Global Commercial and Business Banking teammates have
New Member Introduction - Mohawk Global
Supply chain management can be so much more than moving cargo from point A to point B. As supply chain solution experts with a global network of carriers and partners, we handle shipments both domestically and internationally. Since 1993, Mohawk Global has grown from our Syracuse, New York headquarters to a strong presence across the U.S., Asia, and Europe. Our core offering is comprehensive customs brokerage, where compliance is paramount. With over 30 licensed customs brokers, we ensure strict adherence
New Member Introduction - BRIDDGE Legal & Finance
Start your journey in Europe with BRIDDGE Legal & Finance Briddge is your one-stop solution offering broad client-oriented, tailor-made services for US-based companies that are planning to or have already expanded into Europe and the Netherlands. We can assist you in understanding all the requirements for getting established in Europe, or other solutions like acquiring only an EU-VAT number. We can provide all the expertise needed to start your company in the Netherlands successfully. We help manage every
New Member Introduction - SPRIMAG
COMPLETE COATING SYSTEMS FROM ONE SUPPLIER Sprimag Inc. (North America) is the premier equipment supplier for custom painting systems, surface coating applications, and internal coating equipment. The company is the leading provider of custom painting systems for the automotive, aerospace, medical, manufacturing, and consumer products markets. With almost 100 years of experience starting from the design and manufacture of industrial spray guns to the development of entire coating machines and automated
Melink Solar - Thought Leadership
Your Future Customers and Employees Want You to be Invested in SustainabilityGen Z is reaching adulthood and joining the workforce – their needs and desires must matter to businesses. As Generation Z enters adulthood, their influence over politics and consumerism is growing. Gen Z is the generation born roughly between 1997 and 2012, meaning that roughly all of Gen Z will be legal adults by 2030 and will make up a large portion of the consumer base and workforce. Now is the time to start thinking about
Paul Hemmer - Thought Leadership
Key Considerations for European Companies Relocating Operations to the U.S. Market Locating and/or relocating operations from Europe to the United States involves navigating a complex landscape of logistical, legal, and cultural differences. As European Companies look to tap into the robust American market, understanding the implications of site selection, design-build processes, and facilities maintenance becomes pivotal. This article offers insights for transatlantic business leaders to make informed
Thought Leadership - Roedl-VL
IRS Transfer Pricing Enforcement: What Your Company Needs to Know On October 20, 2023, the IRS unveiled its new transfer pricing enforcement initiative in response to the increased funding provided by the Inflation Reduction Act. This legislation allocated $80 million to the IRS for enhancing tax compliance efforts and other activities. What have we observed so far? The IRS has directed its attention toward medium and large foreign-owned businesses as part of this initiative. Their goal is to ensure
Thought Leadership - Gilman Partners
How Hiring Practices Differ Between the U.S. and EuropeJulie George, Partner & Executive Search Consultant – Gilman Partners For European companies establishing operations in the U.S., hiring the right leadership team on the ground is critical to jumpstarting success. Naturally, job applicants need the proper mix of experience, temperament, and skillset to be considered. However, as I’ve learned in over 25 years as an executive search consultant, differing expectations on each side of the table can
Ops Showcase - Salvagnini
Operations Showcase at SalvagniniOn May 29th, 2024, Salvagnini welcomed over 30 guests to their factory in Hamilton, OH, for the EACC's first Operations Showcase. On their US location's 40th anniversary, attendees experienced a unique behind-the-scenes view of the Italian machinery manufacturer's products, culture, history and mission. Because, even though Salvagnini has the largest panel-making machinery base in the world, they are about so much more than "just making machinery". In fact, when you listen
SUSTAIN 2024
Sustainability Leadership in PracticeOn April 25th, 2024 at the Cincinnati Zoo & Botanical Garden, the EACC hosted it's second, invitation-only SUSTAIN Conference for EACC members and industry leaders. Just over 100 people gathered to listen to keynote presenter Maureen Kline, VP Public Affairs & Sustainability for Pirelli Tire North America, Mark Fisher, VP Facilities Planning & Sustainability at the Cincinnati Zoo & Botanical Garden. and 2 panels - the first with Maura Nespoli, Chief Sustainability
2024 - Expansion Barometer Survey
2024 Expansion Barometer: Hurdles and Opportunities for European and US Mid-size Businesses How can mid-size businesses better capture European and US market opportunities? Entering the year 2024, new opportunities and potential hurdles have appeared for businesses with foreign trade and investment projects. Notable regulations such as the Inflation Reduction Act (IRA) in the US and the EU’s 2020 Green Deal have opened new markets. However, it is uncertain whether all businesses are benefiting
2024 - Thought Leadership - GCFTZ
ABC, XYZ, FTZ? What does it mean? We are familiar with many acronyms that areused in our business and personal life: EOD, ETA, QCDP, LOL, ASAP to name a few. How about these? Do the acronyms FTZ, CBP or ASF mean anything to you? If you suddenly feel like I am speaking a foreign language, I assure you that I am not. FTZ is the acronym for Foreign Trade Zone. The Foreign Trade Zone Program has been around since the 1930’s but has not garnered much attention over the years unlike Free Trade Agreements
2024 - Thought Leadership - HUB HORAN
SOLVING THE US HEALTHCARE PROBLEM - OVER DINNER! Based on a true story. The following discussion occurred at an EACC CXO dinner right here in Cincinnati. One of the attending European business leaders began to talk about his health insurance renewal experience... The names of the guests have been disguised to pique your interest! Picture, if you will, a large, rustic dining table surrounded by lively European business leaders enjoying a lavish dinner. The mood is animated, with a mix of
EACC welcomes new member BHDP
BHDP, an award-winning international architectural firm, is recognized for innovative and inspiring solutions in architecture, planning, interior design, experiential graphic design, project management, and strategic consulting. BHDP serves seven markets: Industrial, Workplace, Higher Education, Discovery & Science, Healthcare, Government, and Retail from its offices in Cincinnati and Columbus, OH, and Charlotte and Raleigh, NC. BHDP originated in 1937 when Cyrus Baxter formed his architectural firm in
2024 - Thought Leadership - Altix Consulting
Scaling Strategies for Foreign Industrial Companies in the US Market by Anne Cappel, Co-Founder and Chief Marketing Officer, Altix Consulting The US market, with its vast opportunities, presents foreign industrial companies with a landscape rife with potential rewards, from access to a vast customer base to enhanced brand recognition and global competitiveness. However, foreign industrial companies will encounter hurdles that demand strategic adaptation as they seek to scale in the US
EACC welcomes new Ambassdor member Bannockburn Global Forex
EACC Greater Cincinnati is excited to welcome Bannockburn Global Forex as new Ambassador Member.Bannockburn Global Forex, a division of First Financial Bancorp, is a capital markets trading firm specializing in foreign currency advisory, hedge analytics, and transaction processing for closely held enterprises. We create distinctive value by optimizing our clients’ forex policies and processes to manage volatility and enhance EBITDA, recapturing earnings lost to inefficiencies. As our client’s integrated
