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asowah's blog


Interested in Operating an MBDA Business Center?

Blogged By: 
MBDA
Created on June 14, 2013
 

Recently MBDA announced a grant competition to operate MBDA Business Centers in Baltimore, Houston, New York City, San Francisco, St. Louis and Washington, D.C., as well as one additional city with a large American Indian and Alaska Native population.  The successful applicants will join a network of around 40 MBDA Business Centers across the United States and Puerto Rico.

The business centers provide strategic consulting services to minority-owned firms that aim to create and retain American jobs through business growth. MBDA Business Centers have had notable success in increasing public and private sector contracts and capital investments obtained by minority-owned firms. Successful applicants to this grant competition are also expected to foster global business expansion by promoting export opportunities.

MBDA Business Center Spotlight: Detroit

Blogged By: 
Al Betancourt, Press Secretary
Created on June 14, 2013
 

Nestled on the banks of the Motor City’s Detroit River where approximately one mile of water separates America with Canada, the Detroit MBDA Center uses the city’s international urban flair to expand its clients’ business reach across the globe, including to South Korea and Myanmar (formerly Burma).

To facilitate exporting opportunities with our free-trade partner South Korea, the Detroit MBDA Business Center is drafting a Memorandum of Understanding (MOU) with the Korea Importers Association (KOIMA). According to KOIMA, an organization comprised of 8,000 business members, Korea imported over $600 billion worth of goods and services in 2012 and expects to import close to $1 trillion dollars of goods and services in 2013. In partnership with KOIMA, the Detroit MBDA Business Center will pursue reverse trade missions with Korean companies to showcase U.S. minority-owned firms and promote business partnerships.

Unlike the well-established market of South Korea, Myanmar is an emerging market.  A country rich in natural resources, it is geographically bordered by five countries including India and China. Acknowledging the recently signed United States and Myanmar bilateral trade and investment framework agreement, the Detroit Center secured meetings with the Ministers of Commerce, Construction, and senior officials of the Myanmar Chamber of Commerce.  These meetings led to a MOU with the Myanmar Minister of Commerce that will be used to inform the MBDA Business Center network of the numerous export opportunities.   

Pre-Registration Opens For SelectUSA 2013 Investment Summit

Blogged By: 
MBDA
Created on June 14, 2013
 

SelectUSA 2013 Investment SummitPre-registration is now open for the SelectUSA 2013 Investment Summit! This first-ever event will take place in Washington, DC on October 31 and November 1. 

The two-day SelectUSA 2013 Investment Summit will connect international and domestic investors and firms with economic development organizations (EDOs) from across the country in an effort to promote investment here and support the creation of American jobs.

Through a series of presentations and panel discussions, Summit participants will hear from world-class business leaders, senior Administration officials, and industry and technical experts. The Summit will feature an exhibition area where EDOs can showcase their business opportunities. Participants will also learn what Federal resources are available for investing in the United States. Another key component of the Summit will be matchmaking sessions, with opportunities for extensive networking.

SelectUSA, located within the International Trade Administration of the U.S. Department of Commerce, was established by President Obama in 2011. This Presidential initiative is charged with leading federal government efforts to promote the United Sates as the premier global investment destination and facilitate investment in the nation. SelectUSA provides counseling to the global investment community, serves as an ombudsman for investors, and advocates for U.S. cities, states, and regions competing for global investment.

Facts You Should Know About Direct Line for American Business

Blogged By: 
MBDA
Created on June 10, 2013
 

Direct Line for American Business: Market Information U.S. Business Can Use

“Let me be very clear: more than ever, foreign policy is economic policy. One of the best things our diplomatic presences abroad can do is to advance our economic interests and help create jobs here at home.” – Secretary of State John Kerry

With 96 percent of global consumers living outside the United States, exports are a great way to increase jobs and income here at home. Successful exporting requires accurate and up-to-the minute information on opportunities and market conditions abroad.

Direct Line to American Business

Direct Line lets U.S. business hear directly from our Ambassadors and our economic and commercial experts at over 260 Embassies and Consulates in over 190 countries. Our staffs are trained to identify promising market sectors and to help U.S. exporters capitalize on new opportunities.

Working Together with Indian Country

Blogged By: 
Guest blog post by Dee Alexander, Commerce's Senior Adviser on Native Ameri
Created on June 5, 2013
 

Dee AlexanderLast month, Acting Secretary of Commerce Rebecca Blank signed the “Tribal Consultation and Coordination Policy," (PDF) which establishes the manner in which the Department works with federally-recognized Indian tribes when developing Department policies that have tribal implications.

The Consultation Policy follows from President Obama’s Presidential Memorandum on Tribal Consultation from November 2009 which strengthens former President Bill Clinton’s Executive Order on “Consultation and Coordination with Indian Tribal Governments” (PDF). Upon signing, President Obama stated the importance of the Presidential Memorandum: “History has shown that failure to include the voices of tribal officials in formulating policy affecting their communities has all too often led to undesirable and, at times, devastating and tragic results. By contrast, meaningful dialogue between Federal officials and tribal officials has greatly improved Federal policy toward Indian tribes.

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