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Global Opportunities and New Markets


  • Submitted on 03 July 2013

    Created on July 3, 2013
     

    President Obama believes sub-Saharan Africa could be the world’s next major economic success story. That is why in June 2012, he issued the U.S. Strategy Toward Sub-Saharan Africa (PDF) to escalate the U.S. efforts to stimulate economic growth, trade, and investment in the region. One year later, the President is in Africa to highlight our success under this strategy.

    A key component of the President’s strategy is the Doing Business in Africa (DBIA) Campaign, which was launched by the U.S. Department of Commerce in Johannesburg, South Africa last November. Its main objective is to bolster federal trade promotion and financing capabilities in order to help U.S. businesses obtain trade and investment opportunities. With these opportunities, the United States’ commercial relationship with Africa will continue to grow.

    Since its unveiling, Commerce has been working alongside other federal agencies to encourage U.S. companies–with a focus on small- and medium- sized businesses and African Diaspora-owned business–to trade and invest in the region. A little more than six months into the Doing Business in Africa Campaign, we wanted to share some of successes with you.

    The first of these developments was an online Africa Business Portal. This portal was created to give businesses the federal resources necessary to succeed in African markets, specifically with export and investment opportunities.

  • Submitted on 03 July 2013

    Created on July 3, 2013
     

    Global InvestorsGlobal investors are “rediscovering” the United States.

    This week the consulting firm A.T. Kearney published its annual Foreign Direct Investment (FDI) Confidence Index. The Index surveys top executives from more than 300 leading global companies – representing more than $2 trillion in annual global revenue – on where they are directing their investment strategies. For the first time since 2001, the United States ranked #1 on this list, retaking the top spot!

    The Department of Commerce’s SelectUSA program has seen this trend coming through the work we conduct on a daily basis. Companies both large and small increasingly understand that the United States is the destination of choice for capital, and an unparalleled place to invest and do business.

    Markets such as Brazil, Canada, China, and Europe will continue to receive significant cross-border investment. However, the survey suggests that the resurgence of investment in American manufacturing is not just a temporary trend but the new reality.

  • Submitted on 02 July 2013

    Created on July 2, 2013
     

    President Obama recently said sub-Saharan Africa is poised to be the world’s next greatest economic success story, with U.S. exports to Africa topping $21 billion a year. In fact, Sub-Saharan Africa is home to six of the ten fastest-growing economies in the world, and enormous opportunities exist for U.S. companies to not only do well – but to do good.

    That’s why then-Acting Commerce Secretary Rebecca Blank launched the Doing Business in Africa Campaign (DBIA) last November in Johannesburg, South Africa. The campaign furthers the President’s vision of more robust commercial engagement in sub-Saharan Africa by helping U.S. businesses benefit from the export and investment opportunities in the region.

    President Obama said on the day of its launch, “Through the DBIA campaign, we are responding to the emergence of African regional economic communities, and working with our partners to deepen integration, reduce barriers to trade and investment, and support existing and new investments by American businesses.”

  • Submitted on 14 June 2013

    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.

  • Submitted on 10 June 2013

    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.

  • Submitted on 15 May 2013

    Created on May 15, 2013
     

    David Hinson, National Director

    At the end of last month, the Acting Secretary of Commerce Rebecca Blank announced the 20 companies that joined the infrastructure business development trade mission to Brazil, Colombia, and Panama.  The purpose of the trip is to promote U.S. exports by helping U.S. companies in infrastructure sectors to make the connections they need to expand their business opportunities in the three countries.  I am pleased to acknowledge that two of those companies – Integra Design Group, and the DeValle Group, are based in Puerto Rico and clients of the Puerto Rico MBDA Business Center.

    Integra Design Group, an architecture and engineering firm, will be represented by Co-founder and Vice President Richard Cuebas Ramirez.  Integra Design Group Architects & Engineers was established in 2000 and ranks as Puerto Rico’s fourth largest architectural services firm according to Caribbean Book of ListsTM.   Integra Group is a conglomerate whose companies also provide construction management & management solutions.  Integra Group has numerous projects in Puerto Rico, Aruba and the Dominican Republic to its credit design. 

  • Submitted on 14 May 2013

    Created on May 14, 2013
     

    With 95 percent of the world’s consumers living outside U.S. borders, helping U.S. companies find partnerships and customers in fast-growing markets is crucial to creating a strong and vibrant economy built on good middle class jobs.

    As a part of our overall goal to increase American exports, next week, 20 U.S.-based companies will join me on an infrastructure-focused trade mission to Sao Paulo, Brazil; Bogota, Colombia; and Panama City, Panama.  Each of the governments of these fast-growing countries have ambitious infrastructure expansion and improvement plans for the years ahead. 

    This trade mission will allow U.S. companies to highlight their cutting-edge technologies and world-class engineering services. The trade mission will also allow them to make the personal connections they need to expand their businesses and it will build on President Obama’s National Export Initiative, a government-wide strategy to promote American exports and create 2 million export-supported jobs by the end of 2014. Last year, U.S. exports hit another all-time record, reaching $2.2 trillion.  Between 2009 and 2012, exports have supported 1.3 million additional jobs.

  • Submitted on 06 May 2013

    Created on May 6, 2013
     

    Sana International Commerce Awarded Ex-Im Bank Minority Business Exporter of the YearSana International Commerce, Inc. (Sana International Commerce) received the Minority Business Exporter of the Year award from the Export-Import Bank of the United States (Ex-Im Bank). The award was presented at the Bank's 38th Annual Conference in Washington, D.C.

    "By selling their products to customers overseas, Sana International Commerce has been able to drastically increase sales and sustain American jobs," said Ex-Im Bank Chairman and President Fred P. Hochberg. "I am proud that we supported a record level of exports by minority-owned businesses last year, and Ex-Im Bank remains committed to ensuring that business owners of all backgrounds have access to the financing they need to succeed."

    "The support of the Ex-Im Bank has helped our company bloom," said SANA International Commerce Manager Rossie Ortiz. "When we started our operations, we often had to reject orders due to lack of capital. However, with the support of Ex-Im Bank, we have increased our sales and created jobs in our community."

  • Submitted on 02 May 2013

    Created on May 2, 2013
     

    Export, trade and finance related agencies across the federal government are teaming up during World Trade Month - May 2013 - to host a series of Twitter Q&A’s for U.S. companies. Businesses can participate by tweeting their questions using the hashtag #TradeChat during the scheduled times.

    Twitter chat

    This Twitter chat series will provide U.S. companies with exporting solutions, including information on the resources available to begin or expand exporting goods and services to overseas markets. The Twitter chats will also provide an opportunity for firms to ask questions and connect directly with the U.S. government agencies that support President Obama’s National Export Initiative (NEI) and BusinessUSA.gov – a new one-stop resource for small businesses and exporters.

    Schedule and topics:

    Thursday, May 9th at 2:00pm EDT: Export Opportunities

    Information about export assistance, international business partnership programs, match-making, and market research will be shared. U.S. companies will also learn about the new BusinessUSA.gov website and how this one-stop resource can help businesses begin exporting or increase their exports.

    Thursday, May 16th at 2:00pm EDT: Financing

    Export financing is often a key factor in a successful sale. U.S. companies should be aware of the many financing options available from U.S. government agencies to assist them with the export and trade process. This Twitter chat will provide firms with more information about the available financing options, including buyer financing, insuring foreign receivables, and working capital loans and guarantees.

  • Submitted on 02 May 2013

    Created on May 2, 2013
     

    May brings warmer weather, longer days, and, most importantly for us at the Department of Commerce, World Trade Month. For years, this has been a special time to reflect on the importance of trade to our nation’s economic well-being.

Did you know...

Between 2002 and 2007, minority-owned firms outpaced the growth of non-minority firms in gross receipts, employment, and number of firms. Minority firms are an engine of job creation.
Graph for MBE Growth

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