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African Ambassadors Make the Case for U.S. Companies to Do Business in Africa

Blogged By: 
Bill Fanjoy is the Director of a U.S. Export Assistance Center
Created on February 11, 2015
 

H.E. Ambassador Girma Birru of Ethiopia discussed the bilateral benefits of U.S.-Africa trade at a networking event with business leaders at the Embassy of Ethiopia.It was our honor for the International Trade Administration to join the Virginia-Washington D.C. District Export Council and Ambassadors from three of Africa’s fastest-growing economies at a recent networking event focused on U.S. companies doing business in Africa.

The message from the Ambassadors from Ethiopia, Kenya, and Tanzania was loud and clear: “We are ready for your business to come to Africa.”

It’s not just these Ambassadors who think your business should be looking at Africa. The facts support them:

  • Seven of the 10 fastest-growing economies in the world are in Africa.

  • Consumer spending is expected to reach $1.4 trillion by 2020, up from $860 billion in 2008.

Affordable Care Act (ACA) Videos

Blogged By: 
MBDA
Created on February 10, 2015
 

Healthcare WebsiteAs a business owner, it’s important to understand what the new health care law means for you and how you can benefit. There are a lot of misconceptions out there, so here are the facts you should know.

Before the Affordable Care Act (ACA), small businesses paid on average 18% more in premiums than their larger competitors for the same benefits. The ACA helps small employers by lowering premium cost growth and increasing access to quality, affordable health insurance.

Expansion of American Supplier Initiative with Matchmaking Events to be held throughout 2015

Blogged By: 
SBA News
Created on February 6, 2015
 

American Supplier Initiative with matchmaking eventsThe U.S. Small Business Administration will expand the American Supplier Initiative with matchmaking events that will be held throughout 2015.  The matchmaking events will help provide small businesses with the tools and resources needed to become effective suppliers and connect with federal and commercial supply chain opportunities.

“The American Supplier Initiative is part of a comprehensive plan to create jobs through growing small businesses while also ensuring that America has a strong, deep and diverse supply chain,” said SBA Administrator Maria Contreras-Sweet.  “Becoming a corporate supplier can be a true catalyst for business growth, but accessing those supply chains can be challenging for small businesses.  The American Supplier Initiative exists to help our nation’s small businesses find their footing in these supply chains.”

African Diaspora Marketplace III Business Plan Competition Application Is Now Extended to March 7, 2015!

Blogged By: 
MBDA
Created on February 6, 2015
 

African Diaspora Marketplace III Business Plan CompetitionThe United States Agency for International Development (USAID) and Western Union  have launched the third round of the African Diaspora Marketplace business plan competition (ADM III). 

Successful ADM III applicants will receive a matching grant of up to $50,000 and will have access to technical assistance and other support services. The ADM III website is now live and entrepreneurs are urged to go online and apply for this grant opportunity. In order to accommodate the anticipated volume of applications, the application deadline for the concept proposals is extended to March 7, 2015.

U.S. Exports Hit Record High for the Fifth Straight Year

Blogged By: 
Secretary of Commerce, Penny Pritzker
Created on February 5, 2015
 

Trade Agreements Will Help Accelerate Economic Growth

New data that show U.S. businesses exported $2.35 trillion of our goods and services in 2014, hitting a record high for the fifth straight year. U.S. goods exports increased 2.7 percent to a record $1.64 trillion in 2014.Today, the Commerce Department announced new data that show U.S. businesses exported $2.35 trillion of our goods and services in 2014, hitting a record high for the fifth straight year. U.S. goods exports increased 2.7 percent to a record $1.64 trillion in 2014. Records were set in exports of capital goods; consumer goods; petroleum products; foods, feeds, and beverages; and automotive vehicles and parts. Annual services exports hit an all-time high of $710.3 billion, led by record export levels in the travel, transport, charges for the use of intellectual property, and financial services sectors.

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