For several reasons—from rising wages in emerging countries, to a growing appetite for US-made goods, to recognition of the abundant resources in our own backyard—the manufacturing industry is poised for revival, and helped along by investments from the private and public sectors. Areas like Western New York have abundant resources and tools to get in on this promising momentum as well.
Last Thursday evening the CBRE|Buffalo team released its 2016 Buffalo MarketView reports to a jam-packed crowd of real estate professionals, economic developers and municipal officials from across Western New York at One Seneca Tower.
In my time with Invest Buffalo Niagara, I’ve had a chance to help 32+ Canadian companies make their way to this side of the border. Along with being part of helping the Buffalo Niagara region boom—to the tune of $706 million in investments and more than 1,600 jobs—I’ve also seen the pitfalls that Canadian business owners need to look out for. For the first in this two-part series, we’ll focus on the beginnings of due diligence: the questions you need to ask yourself when you’re looking to enter the US market.
Let’s get the bad news out of the way: yes, there are legal and tax obligations when Canadians do business in US markets. At Invest Buffalo Niagara, we help companies navigate these requirements—and often, they’re pleasantly surprised at their being less daunting than expected. Here’s a high-level idea of what companies should be aware of when choosing to do business in the market.
Maybe you’re taking a meeting with a prospect. Or making your way to an initial face-to-face with an investor. Or doing a site visit with a new supplier. No matter what you’re traveling for, cross-border business moves faster than ever—and waiting in bumper-to-bumper lines at the Canada-US border isn’t the best use of your limited time. Enter the NEXUS program, designed to move low-risk, pre-approved travelers across the border quickly. Here’s a quick primer on all your NEXUS need-to-knows.