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Blog June 2014
Created on June 11, 2014
Early this month MBDA hosted a public meeting on the 2014 National Minority Enterprise Development Week Conference.
Created on June 6, 2014
This post originally appeared on the White House AAPI Blog.
Bill Imada is a member of the President’s Advisory Commission on Asian Americans and Pacific Islanders.
More than 1.5 million businesses in the United States are owned by Asian Americans, Native Hawaiians and Pacific Islanders. These firms account for $508.6 billion in spending power nationwide and have resulted in the creation of more than 2.8 million jobs. A vast majority of these companies are small and are fueled almost exclusively on creatively, ingenuity, business innovation and an unparalleled level of entrepreneurial spirit that cannot be found anywhere else in the world.
They include a robotics company designed to entice young people to consider careers in science, technology and engineering; a brick and mortar Boba tea shop that will introduce new flavors and customer enhancements to widen its appeal; a fashion design company that draws inspiration from the cultural diversity of America; and, a shoe designer who incorporates recycled and repurposed paper to create an environmentally friendly consumer product.
On May 5, the White House Initiative on Asian Americans and Pacific Islanders (WHIAAPI) teamed up with the U.S. Department of Commerce’s Minority Business Development Agency (MBDA) and the U.S. Small Business Administration (SBA) by holding a roundtable discussion to address some of the key issues facing business owners, entrepreneurs and corporate leaders in the greater Asian American and Pacific Islander (AAPI) community.
Created on June 2, 2014
This post originally appeared on the Tradeology, the ITA Blog
John Larsen is the Deputy Director of the Trade Promotion Coordinating Committee Secretariat.
Department of Commerce data show that U.S. goods and services exports set a record for the fourth consecutive year, reaching $2.3 trillion in 2013.
U.S. companies that export to our 11 free trade agreement partner countries in Latin America played a major role in this success. Through the Look South campaign, federal trade-promotion agencies hope to help more companies find success by taking advantage of these free trade agreements.
In 2013, U.S. goods exports to Look South markets increased $12.5 billion to $312.6 billion – more than double the 1.7 percent rate of growth for goods exports to the rest of the world.
This isn’t just a blip; we see a clear growth trend as market liberalization, growing middle class consumption, and diversifying industrialization by Latin American markets fuels healthy economic growth and import demand.
As U.S. exporters respond, the Look South markets’ share of total U.S. goods exports has steadily grown from 17 percent in 2009 to 20 percent in 2013.