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Global Opportunities and New Markets


  • Submitted on 02 August 2013

    Posted on August 2, 2013
     

    Secretary of CommerceSince I was confirmed as Secretary of Commerce, I’ve been meeting with business leaders, entrepreneurs, and foreign leaders to let them know that America is “open for business.” The United States is one of the most desirable places to do business; our $16 trillion economy, with its productive workforce and diverse consumer base, could not do what it does without domestic as well as foreign investment. Yesterday, I participated in the White House Forum (Forum) on Global Investment to highlight the administration’s support for, and benefits of, foreign direct investment (FDI) in the United States. 

    For the meeting, I was joined by Acting Deputy Secretary of Commerce Pat Gallagher, Under Secretary of Commerce for International Trade Francisco Sánchez, Assistant Secretary of State for Economic and Business Affairs Jose Fernandez, and 21 foreign ambassadors and representatives to highlight the United States’ whole-of-government approach to attracting foreign direct investment.

  • Submitted on 15 July 2013

    Created on July 15, 2013
     

    After hitting new highs in 2011, exports from U.S. metropolitan areas continued to increase in 2012, with 170 of the 370 metro areas with available data reporting record-high merchandise exports.

    Houston-Sugar Land-Baytown, TX topped the list as the largest metro exporter in 2012, shipping $110.3 billion of goods abroad.

    Overall, many areas saw continued growth in 2012, with exports increasing in 220 metro areas from the previous year.

    The Seattle, WA area saw the highest dollar growth in 2012, up $9.2 billion from 2011. Other areas showing high dollar growth included:

  • Submitted on 10 July 2013

    Created on July 10, 2013
     

    Trade MissionJorge Lozano said he arrived in America from his native Bolivia when he was 10 years old with a suitcase full of clothes and pocket full of dreams. Today, 50 years later, Lozano is the President and CEO of Condortech Services, Inc., an integrated security solutions company that protects over $1.8 billion in assets in Washington, D.C.

    In his 2013 State of the Union speech, President Obama outlined his vision for making America a magnet for investment, innovation, and economic growth. He said that if we are going to keep our economy growing, we need to ensure that opportunities to prosper are open to all the innovative risk-takers and entrepreneurs who are pursuing the American dream, especially our minority business entrepreneurs.

    Lozano, a client of the Minority Business Development Agency’s (MBDA) Federal Procurement Center in Washington, D.C., took that risk and made his American dream come true—and he’s not done yet.

    He recently accompanied former Acting Secretary of Commerce Rebecca Blank on an infrastructure business development trade mission to Brazil, Colombia, and Panama. The purpose of the trip was to promote U.S. exports by helping U.S. companies in infrastructure sectors make the connections they need to expand their business opportunities in the three countries.

  • 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.

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Number of jobs created as a result of services provided by MBDA business centers during the last 5 fiscal years.
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