Despite popular opinion, millennials are growing up. And though they may still let their man buns down as they take their French bulldog named Henry for a walk, they are also starting to settle down and search for homes.
.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 U.S. market.
Niagara Food Specialties (NFS), incorporated in 2001, is a food processor, distributor and wholesaler, specializing in the production of prosciutto ham for the foodservice (restaurants & hotels) industry and gourmet retail markets. NFS adds value to raw pork, producing artisanal quality charcuterie, including prosciutto, capicola, pancetta, salami, guanciale, and sausage. This family operated business is currently headquartered in Niagara Falls, ON. NFS began to investigate US expansion when they faced with growth limitations due to border crossing restrictions and rules on imported meats to the US.
This week Buffalo will host the 7th Annual Bright Buffalo Niagara Entrepreneur Expo, an event designed to connect startup companies in Buffalo, New York with potential investors. In addition to a keynote address from Bill Rancic, the original Apprentice, 32 competitively selected companies will deliver 5 minute and 90 second investor pitches.
Last April I spent four days in Las Vegas, the first two meeting with site selection consultants at the Business Facilities LiveXchange and the following two days at the Collision Conference encouraging dynamic tech startups to apply to the 43North Business Plan Competition. Two days suite and tie, two days sport coat and t-shirt. Two very different atmospheres.