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Secretary of Commerce Penny Pritzker Highlights U.S. Commitment to Doing Business In Africa

Blogged By: 
Commerce.gov Blog
Created on August 13, 2014
 

Secretary Pritzker Joins Mayor Bloomberg and President Obama at the U.S.-Africa Business ForumOriginally posted on the Commerce.gov Blog

On August 5th, at the U.S.-Africa Business Forum, U.S. Secretary of Commerce Penny Pritzker highlighted a number of Commerce Department efforts to help more American businesses explore opportunities in Africa’s fast-growing markets. The Forum, focused on trade and investment opportunities on the continent, was part of President Obama’s three-day U.S.-Africa Leaders Summit, the largest event that any U.S. president has ever convened with African heads of state or government.

Co-hosted by the Department of Commerce and Bloomberg Philanthropies, the U.S.-Africa Business Forum was created to encourage greater U.S. investment in Africa, foster business deals, and help create jobs on both sides of the Atlantic. During remarks at the Forum, President Obama announced that U.S. businesses have already committed to investing $14 billion in clean energy, aviation, banking, and construction projects, among other commitments totaling more than $33 billion that support economic growth in Africa and thousands of U.S. jobs.

The Commerce Department leads the Doing Business in Africa (DBIA) campaign, which was launched in 2012 as part of the President Obama’s “U.S. Strategy Toward Sub-Saharan Africa.” DBIA aims to increase U.S. trade promotion to Africa, address market barriers, expand the availability of trade financing, and attract more American companies to explore sub-Saharan Africa trade and investment opportunities.

Build on U.S.-Africa Business Forum by Discovering Opportunities in Africa

Blogged By: 
Tradeology, the ITA Blog
Created on August 13, 2014
 

Discover Global Markets

This post originally appeared on the Tradeology, the ITA Blog

The United States is putting full focus on doing business in Africa, following President Obama’s  U.S.-Africa Leaders Summit and the U.S.-Africa Business Forum. Business Forum co-hosts Bloomberg.org and the Department of Commerce project the event will catalyze $14 billion in new business deals.

Even though the Forum is now behind us, there are still plenty of new opportunities available in Africa, and the International Trade Administration wants to help you find them.

The new Doing Business in Africa portal is a one-stop shop for finding resources, seeing success stories, and learning about opportunities on the continent.

The upcoming DISCOVER GLOBAL MARKETS: Sub-Saharan Africa event in Atlanta, Nov. 5-6, will bring together private and public sector experts to discuss:

U.S. Commerce Secretary Penny Pritzker Shares Economic Development Opportunities in California

Blogged By: 
Commerce Blog
Created on August 12, 2014
 

Representative Barbara Lee, Secretary Penny Pritzker, Clifton Burch, President at Empire Engineering & Construction, Inc. and MBDA National Director Alejandra CastilloLast year, U.S. Secretary of Commerce Penny Pritzker unveiled the Commerce Department’s “Open for Business Agenda,” a bold policy agenda focused on boosting trade and investment, supporting innovation and entrepreneurship, and unleashing more government data. Yesterday, she took the Agenda on the road to California. Along with Minority Business Development Agency (MBDA) National Director Alejandra Castillo, Secretary Pritzker spoke to local businesses and community leaders about the Obama Administration’s work to spur continued economic growth and job creation through support of exporters, entrepreneurs, and small, women- and minority-owned businesses.

Secretary Pritzker joined Congresswoman Barbara Lee (D-CA), a strong advocate for minority economic development and trade policy, at a regional economic development forum at the Oakland Airport, hosted by Lee. The Secretary delivered remarks highlighting a number of Commerce Department resources available to help foster economic growth. Noting that exporting is an essential tool for economic development, she discussed the Commerce Department’s NEI/NEXT initiative, a data-based, customer-driven effort to help U.S. companies increase their exports to international markets. Secretary Pritzker also talked about the work of the NIST Manufacturing Extension Partnership to help manufacturers boost productivity and growth, as well as investments by the Economic Development Administration (EDA) to help attract new industries and create jobs. Through these and other tools, the Commerce Department is helping businesses in California and across the country to grow and hire. 

Entrepreneur Builds on Family’s Example, Grows Successful Business

Blogged By: 
MBDA
Created on August 12, 2014
 

Purnima Voria

Purnima Voria’s story is one of inspiration and achievement.  Growing up in India, Voria watched her father build a successful company importing U.S. farm equipment.  After several years and many business successes, her family came to the U.S. to pursue the American dream.  Inspired by her father’s example, she merged her love for her home and her newly adopted-country, and developed a strong desire to help U.S. business owners bring high quality products overseas to India.

In 2005, Voria founded the National U.S. India Chamber of Commerce (NUICC ), which leads trade missions and delegations to India.  These missions began humbly, with her using her family and social connections to help a U.S. textile machine manufacturer with embroidery computer software to access the Indian market.  Thanks to her connections and know-how, Voria was able to help the U.S. textile manufacturer connect with the top Indian manufacturer of textiles clothing, an exporter to major U.S. clothing stores.  With only a handshake to seal the deal, they were able to sell 100 machines with software packages.  Voria had found her niche and recognized the positive impact that she could have on both countries by serving as a mentor to U.S. businesses and entrepreneurs.

Her efforts did not go unnoticed.  In 2005, she was awarded a Congressional Medal of Distinction for her outstanding leadership in business and her contributions in helping to grow the U.S. economy.  The Wall Street Journal also honored Ms. Voria as Business Woman of the Year.

Intellectual Property Webinar Series: Copyrights, Patents, and Trademarks

Blogged By: 
MBDA
Created on August 6, 2014
 

Register NowThe Minority Business Development Agency (MBDA) and the U.S. Patent and Trademark Office (USPTO) will co-host the second of three complementary three part webinar series to help business owners understand the intellectual property process, starting on Wednesday, August 12.

This webinar series will teach attendees how to electronically file a copyright, patent, and trademark application. Join us as we provide minority business owners and innovators with a wealth of information, resources, and tools to protect and promote their intellectual property. Get answers from USPTO and Copyright Office intellectual property experts Sylvester Simpkins, Craig Morris, and Jeffrey Wong.

While there is no cost for the next USPTO-MBDA webinar, virtual space is limited, so you’ll want to register as soon as you can.

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MBDA Minority Business Centers helped clients obtain capital totaling $4.76 billion during the last 5 fiscal years.
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