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Why Entrepreneurs are Vital to Emerging Markets: OPIC Featured in Silicon Valley Business Journal

Blogged By: 
MBDA

“Innovative thinkers and early adopters exist everywhere: In Silicon Valley, but also in Sub-Saharan Africa; in the legendary startup garages … and in even more humble venues that may lack electricity,” Overseas Private Investment Corporation (OPIC) Vice President Judith Pryor wrote this week in the Silicon Valley Business Journal.

The United States-Colombia Trade Promotion Agreement – Four Years Later

Blogged By: 
Fernando Gracia, ITA
Created on July 15, 2016
 

Fernando Gracia is an Intern in the Office of the Western Hemisphere at the International Trade Administration

Four years ago, the United States Colombia free trade agreement went into effect, representing a commitment to trade and prosperity between our two countries.  Today, we look back at the four years since the United States-Colombia Trade Promotion Agreement (CTPA) entered into force and analyze what it has meant for trade between our two countries.

The overall trend for U.S. exports to Colombia has been positive since the CTPA was implemented in 2012.

MBDA Staff Look Inward to Support Operational Excellence

Blogged By: 
MBDA
Created on July 15, 2016
 

MBDA employees discuss their recent DISC assessments Communication and teamwork are two of the most critical components of any organization, regardless of its mission. Without communication and teamwork, it’s almost impossible to achieve or sustain operational excellence.  For the Department of Commerce, operational excellence is defined as “strengthening the Department’s capacity to achieve its objectives, maximize return on program investments and deliver quality, timely service.”

One of the ways that the Minority Business Development Agency (MBDA) is focusing on operational excellence is by completing individual DISC Behavioral Assessments.

DISC is a personal assessment tool used to improve work productivity, teamwork and communication; and to increase employee engagement.  The assessment is based on the DISC theory developed by psychologist William Moulton Marston, and focuses on four behavior types: Dominance, Inducement, Submission, and Compliance (DISC).

Entrepreneur of the Month – July 2016

Blogged By: 
MBDA
Created on July 15, 2016
 

Barry Corona“I’ve always had the drive to be an entrepreneur… Of course, getting here was not easy,” said Barry Corona, the Co-Founder & President of Production Products Manufacturing & Sales Co. Inc., and the Minority Business Development Agency’s (MBDA) July Entrepreneur of the Month. Corona truly exudes the qualities of an entrepreneur and has recognized his capabilities, utilized his resources, and demonstrated an undeniable work ethic to build his company from the ground up. Production Products is a recognized manufacturing company that specializes in medical isolation and CBRN protection.

Corona was raised in a conservative household that thrived on the premise of stability. His father grew up as a first-generation American during The Great Depression, and admirably quit school in sixth grade to get a job that was needed to help his family survive. As a result, having a job was always the goal in his childhood household—it represented survival and security—but he aspired for more.

Mexico and the United States Expand Relationship Through TPP

Blogged By: 
Leslie Wilson is the Mexico Desk Officer at the ITA
Created on July 12, 2016
 

Shipping containersThe United States and Mexico share a deep, longstanding relationship that goes far beyond diplomatic relations to include extensive commercial, cultural, and educational ties, with over $1.6 billion in two-way trade of goods and services and roughly one million legal border crossings each day.  Mexico is our second largest export market and third largest source of imports, with annual two-way trade of $580 billion, reflecting the highly integrated nature of our bilateral value chains.

These deep commercial ties not only make Mexico a favorable market for businesses to expand their operations, but they also make it an ideal first market for new exporters.  Mexico is a high-performing, diversified economy with strong macroeconomic fundamentals.  It provides significant opportunities for U.S. exporters in key sectors such as chemicals, automotive products, metals and ores, machinery, and information and communication technologies. In fact, more than 18,000 U.S. companies have operations in Mexico and more than 57,000 U.S. companies exported goods to Mexico in 2013. These goods exports supported over 952,000 U.S. jobs, and services exports supported an additional 192,777 U.S. jobs. In addition to these market opportunities, initiatives between our governments such as the U.S.-Mexico High Level Economic Dialogue promote mutual economic growth, job creation, and competitiveness.

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