Imports at Philadelphia port at all-time high in January
Linda Loyd / Philadelphia Inquirer
Cargoes were up 20 percent in January at the Philadelphia port, and containerized freight in 20- and 40-foot metal containers was up 34 percent, the best month ever, port officials said.
Imports increased 5.4 percent across all the nation's ports in January on higher shipments from Europe and China, said the research firm Panjiva, which tracks commercial shipments worldwide. In Philadelphia, the biggest increases were in goods from Chile, Panama, and Peru, said Christopher Rogers, an analyst with the firm.
"It's a lot of factors," including the strong U.S. dollar and the improving economy, said Eric Holt, whose family runs Packer Avenue Marine Terminal in South Philadelphia. The terminal has added several shipping services in the past year...
Full Article (via philly.com)
World Trade Center of Greater Philadelphia News
In January 2017 the Philadelphia port handled 50,152 20-foot equivalent units (TEUs), under the same month the previous year the port handled 36,813 TEUs. TEUs is a standard measure for container cargo.
News from the Children's Hospital of Philadelphia
Imports: Part of America’s Secret Sauce
Stockton’s Atlantic City Campus Wins Award as N.J. Leading Infrastructure Project
Alliance for Action Cites Partners in Atlantic City Gateway Project
Galloway, N.J. - Stockton University’s Atlantic City campus was recognized as one of New Jersey’s Leading Infrastructure Projects with an award from the New Jersey Alliance for Action, a non-profit, non-partisan coalition of over 2,500 business, labor, professional, academic and government leaders.
The campus is part of the $210 million Atlantic City Gateway Project, which includes an academic building which will eventually accommodate 1,800 students, residences for 530 students, a parking garage with over 800 spaces and a new office tower for South Jersey Gas. The campus, currently under construction, is expected to open in fall 2018.
The Gateway Project is a public-private partnership with Atlantic City Development Corp. or AC Devco, at the intersection of Atlantic, Albany, and Pacific avenues in Atlantic City.
“Stockton is pleased to be recognized for the impact its Atlantic City campus will have on the city, the region and the state,” said Stockton President Harvey Kesselman, who accepted the award on behalf of the university. “Our mission is to provide a high-quality, affordable, accessible education to a diverse population, enabling more college students to stay in New Jersey and more graduates to succeed in their chosen fields. In addition to the proven benefits of having a highly educated workforce available, the construction and then continuous operation of this facility will provide an ongoing economic stimulus as businesses expand to serve our students, faculty and staff, many of whom will live in the city.”
“The university is grateful for this award, which includes many of our partners, such as AC Devco, county and state government, South Jersey Industries, unions and professional contractors, all of us working cooperatively to bring this project to fruition,” Kesselman said.
The Alliance awards program was created to highlight innovative, pioneering and landmark construction initiatives that greatly impact the state’s economy and to honor the businesses and organizations that work together as partners to ensure the project’s success, said Alliance President Philip K. Beachem.
“The Stockton University – Atlantic City Gateway project is a great example of what can be done when organizations work as a team to develop a fantastic project,” Beachem said.
The 6th annual awards ceremony was held Feb. 10 at the Forsgate Country Club in Monroe Township, N.J., and highlighted several billion dollars in infrastructure projects and their impact on New Jersey.
The Alliance also recognized these organizations for their work on the project:
News from Ben Franklin Technology Partners
Ben Franklin Seeks Emerging Fintech Companies in Greater Philadelphia for New Accelerator Program, in Partnership with Village Capital
The program will better prepare startups for raising capital and make valuable connections with advisors, mentors, investors, and potential customers in the region’s finance sector
Philadelphia, PA - Ben Franklin Technology Partners of Southeastern Pennsylvania (“Ben Franklin”) is announcing its Call for Companies for its Fintech Accelerator program, in partnership with D.C.-based Village Capital. The deadline to apply is March 10.
The intensive investment readiness program will run from April – June and will focus on Greater Philadelphia’s opportunities in financial services technology innovation by cultivating and assisting early-stage fintech companies. As part of the VilCap Communities program, the Ben Franklin Fintech Accelerator will employ Village Capital’s unique peer review methodology, empowering the entrepreneurs themselves to evaluate each other’s early-stage businesses across nine indicators of investment readiness. Ben Franklin will invest a minimum of $25,000 in each of the two startups chosen by their peers at the end of the accelerator.
Ben Franklin is leveraging its extensive network of regional mentors and advisors, proven ability to coach early stage ventures to first investments, and readiness of capital to invest in promising early stage ventures, to create this 12-week accelerator program. The cohort will consist exclusively of Greater Philadelphia companies focused on fintech innovation, and will connect these companies to Village Capital’s global network of communities.
“Ben Franklin’s mission in Greater Philadelphia is well aligned with Village Capital’s focus on facilitating innovation and entrepreneurship to develop communities,” said RoseAnn B. Rosenthal, President and CEO of Ben Franklin. “Consistent with our support for initiatives like ImpactPHL, Village Capital’s focus on democratizing entrepreneurship, and building the meaningful connections that grow communities, will help bring new national and international resources to companies in our region, and draw new attention to Philadelphia’s burgeoning technology ecosystem. We look forward to hosting a small cohort of entrepreneurs at Ben Franklin, offering them the deepest engagement we can offer, connecting top-flight, nationally recognized curriculum with the generous involvement of Ben’s broad network of investors and other stakeholders.”
Ross Baird, Village Capital's CEO, said, "With the launch of Ben Franklin’s Fintech Accelerator, Village Capital is pleased to build on its long-standing relationship with Philadelphia. We believe the combination of Village Capital’s proven investment readiness programming and unique peer reviewed investment process, coupled with the extensive network of relationships and resources that Ben Franklin and Greater Philadelphia can provide to startups, will provide best-in-class support for fintech entrepreneurs tackling problems in the financial services sector."
Village Capital program participants have raised over $220M in additional capital and have generated, with entrepreneurs who have graduated from its programs, over 11,000 jobs and served over 5.3 million customers. One year after a Village Capital program, alumni companies generated 43% more revenue, created 43% more jobs, and raised 8.6x more investment than a control group.
Throughout the program, participants will receive mentoring from industry experts and potential investors on business model development, customer hypothesis testing, financial modeling, partnership and customer development, and investor engagement. The entrepreneurs will also receive one-on-one time with mentors, industry experts, investors, top local business leaders, and potential customers.
Interested companies can learn more and apply here.
In this Philadelphia magazine business feature World Trade Center of Greater Philadelphia President Conlin hints at the possible impact of a change in trade policy with Mexico. Mexico was Philadelphia’s third-biggest export market in 2015.
Just How Much Does Philly Trade With Mexico?
Philly aims to lure discretionary cargo from NE rivals
Statement from the National District Export Council (NDEC)
Exports of American goods and services constitute a critical foundation of the U.S. economy. Numerous studies have shown that exports are a key component of economic growth. In order for this growth to continue, however, U.S. governmental policies that encourage exports are essential. These policies include commercial diplomacy that promotes U.S. goods and services in foreign markets, aggressive combatting of foreign trade barriers to U.S. exports, and enactment and enforcement of trade agreements that advance the state of American exports.
The National District Export Council, which is an organization that represents 1300 companies in the 60 District Export Councils throughout the United States, is the voice of the American small and medium-sized enterprises (SME) exporter. It seeks to advance the interests of American exporters by advocating for those governmental policies that will result in the increase of global competitiveness for American manufacturers thus resulting in jobs, economic development and rising wages in the U.S. In the current climate of economic uncertainty, U.S. exports can and should lead the way to increased prosperity for the American worker and American manufacturers as a whole.
The Trump Administration has signaled its desire to expand American exports. While by Executive Order President Trump on Monday formally withdrew the United States as a signatory to the Trans Pacific Partnership (TPP), the Administration seeks to begin separate bilateral trade negotiations not only with the former 11 TPP partner countries but also with other countries as well. The National District Export Council stands ready to do its part by working with the new Administration as it crafts new trade agreements that will open foreign markets and level the playing field for American goods and services.
NEWS PROVIDED BY PRNewswire/Lenox Corporation
One-of-a-Kind Crystal Bowls from Lenox will be the Official Inaugural Gifts From the American People
Lenox Selected to Produce the Official Inaugural Gifts
For the President and Vice President of the United States on Inauguration Day
BRISTOL, Pa., Jan. 17, 2017 /PRNewswire/ -- For the eighth consecutive inauguration, Lenox Corporation has created the official Inaugural gifts from the American people, given to the President and Vice President of the United States. On January 20, 2017, Lenox on behalf of the American people will present the custom-made, one-of-a-kind engraved crystal bowls at the Inaugural Luncheon following the swearing-in ceremonies at the U.S. Capitol. Lenox offered these stunning gifts to the Joint Congressional Committee on Inaugural Ceremonies (JCCIC), and the design was approved by the committee.
Lenox Corporation, the oldest and most prestigious maker of crystal and fine china in the United States, has designed and created the Inaugural gift for the incoming president since George H. W. Bush in 1989. For each Inauguration, the Lenox team of experts work for months to create a gift that encapsulates the spirit of the American people and the new presidency.
"It is my pleasure to accept Lenox's official gift for the 58th Inaugural Ceremonies," said U.S. Senator Roy Blunt, Chairman of the Joint Congressional Committee on Inaugurations. "Lenox has once again created a thoughtful and beautifully-crafted gift fitting of this historic occasion, and I look forward to presenting it to the President and Vice President on behalf of the American people."
After working on this project for more than five months with master glass-cutter Peter O'Rourke, Timothy Carder, Lenox Vice President of Design, handed over the stunning pieces of craftsmanship to Senator Roy Blunt at an intimate ceremony held earlier today on Capitol Hill in the Rules Committee Hearing Room.
The inspiration for the bowls comes directly from the work of Pierre L'Enfant and Andrew Ellicott who created the layout for the plans of the city of Washington, and defined the borders of the District of Columbia. The bowl for the President features an illustration of the White House on one side overlooking the Jefferson Memorial on the opposite side. For the Vice President there is an image of the Capital overlooking the Lincoln Memorial, and each bowl has a compass rose cut into the base with the points of the compass aligned correctly with the buildings. The bowls are made of lead crystal and are 12 inches in diameter and will be placed on top of black cherry wood bases that bear an inscription of the date and occasion engraved into silver-plated plaque.
"Lenox is honored to have been the first American china to be used in the White House and to have been selected as the designer and manufacturer of choice for the past 28 years to produce the Inaugural Commemorative Gift for the President and Vice President of the United States of America," said Katrina Helmkamp, CEO of Lenox Corporation.
For 99 years, Lenox has created fine china dinnerware for the White House as well as the vice president's official residence, over 300 U.S. Embassies and more than half of the governors' mansions. Lenox became the first American china to be used in the White House in 1918 when President Wilson commissioned the company to create a 1,700-piece service bearing the presidential seal in raised gold. Over the years, Lenox has created new state services for five additional presidents - Roosevelt, Truman, Reagan, Clinton and George W. Bush - that reflect not only the style of the day, but the timeless beauty of Lenox's renowned ivory china.
About Lenox Corporation
Founded in 1889, the Lenox Corporation is the largest manufacturer, designer and marketer of tabletop products in the United States. Lenox markets products under the Lenox, Reed & Barton, Dansk, and Gorham brands. Lenox's products which include dinnerware, stemware, flatware, giftware, and seasonal products are sold around the world through fine department and specialty stores, as well as online. For more information, please visit the Lenox website: www.Lenox.com.
Pennoni President to Receive OPAL Award
Reston, Va. – Anthony S. Bartolomeo, P.E., ENV SP, F.ASCE, President and CEO of Pennoni Associates, Inc. (Pennoni), a multidiscipline firm in Philadelphia, Pennsylvania, will be honored by the American Society of Civil Engineers (ASCE) as one of five 2017 Outstanding Projects and Leaders (OPAL) award winners. Bartolomeo is being honored for leading the development of the ASCE Grand Challenge to reduce our nation’s infrastructure lifecycle costs by 50 percent by 2025, encouraging youth to attain 21st century skills and post-secondary education, and for his ongoing commitment and leadership to community and non-profit organizations. He will receive the award on March 16, 2017, during ASCE’s annual OPAL Gala in Arlington, Va.
“Anthony is an exceptional leader committed to excellence in everything he does. Pennoni has been overwhelmingly successful and is a coveted place to work, thanks to his dedication and expert leadership,” said Norma Jean Mattei, Ph.D., P.E., F.SEI. F. ASCE, president of ASCE.
Bartolomeo is a respected and recognized leader in both the Greater Philadelphia region and the Architecture, Engineering and Construction (A/E/C) industry as a whole. During his time on former Pennsylvania Governor Tom Corbett’s Marcellus Shale Advisory Commission, Bartolomeo’s efforts directly contributed to greater measures regarding the safe, efficient, and environmentally responsible extraction and use of unconventional natural gas reserves in Pennsylvania.
As past chairman of the Board of the World Trade Center of Greater Philadelphia (WTCGP) for seven years, Bartolomeo was instrumental in accelerating global business growth for companies in the Greater Philadelphia Region. Under his direction, the WTGCP assisted companies in generating more than $1 billion in increased export sales, creating more than 12,500 jobs. The growth and success of the WTCGP during his tenure reflects his dedication and support for the organization, earning Bartolomeo the Philadelphia Business Journal’s “Outstanding Director” Award in 2014.
Under Bartolomeo’s leadership, Pennoni has grown to more than 1,200 employees in over 30 offices across the country. Offering a variety of planning, design and construction services, the firm is committed to delivering projects that are innovative and resilient, that are cost-effective throughout their duration of use and meet stringent standards of quality. Across all market sectors, Pennoni works with project owners, end users, stakeholders, and teaming partners to develop solutions that help to close the ever-widening infrastructure gap, truly making Pennoni a “Partners For What’s Possible.”
Bartolomeo joined Pennoni in 1986 and has more than 40 years of engineering experience. Bartolomeo holds a bachelor’s degree in civil and urban engineering from the University of Pennsylvania.
Founded in 1852, the American Society of Civil Engineers represents more than 150,000 civil engineers worldwide and is America’s oldest national engineering society. For more information, visit www.asce.org.
News from the U.S. Trade and Development Agency
UPS Acquires Freightex Ltd. To Accelerate Expansion Of U.K. And European Truckload Brokerage Business
Panitch Schwarze Belisario & Nadel Partner Re-Elected to Board of World Trade Center of Greater Philadelphia
Panitch Schwarze Belisario & Nadel Partner Re-Elected to
Board of World Trade Center of Greater Philadelphia
Martin G. Belisario will continue to serve as board’s secretary
PHILADELPHIA (January 2017) – The Philadelphia intellectual property law firm of Panitch Schwarze Belisario & Nadel is proud to announce that partner Martin G. Belisario will continue to serve on the board of directors of the World Trade Center of Greater Philadelphia and will continue to serve as the organization’s secretary.
The mission of the World Trade Center of Greater Philadelphia is to accelerate global business growth for companies in the region. Since 2002, the organization has assisted companies in generating more than $1.5 billion in increased export sales and has helped create nearly 20,000 jobs. To learn more, visit www.wtcphila.org.
Belisario practices intellectual property and technology law, including technology licensing, trademarks, copyrights, counseling and litigation, and representation before the U.S. Patent and Trademark Office and foreign patent offices. His patent practice focuses primarily on the mechanical arts, including transmissions, HVAC systems, small appliances, medical devices, software and electro/mechanical devices.
Belisario’s experience encompasses a broad range of intellectual property and technology issues, including litigating disputes concerning validity and infringement of patents; providing opinions on patent infringement and validity; supervising the preparation and prosecution of both U.S. and foreign patents for large high-technology portfolios; and providing counsel on IP portfolio strategy, including protection options.
After earning a bachelor’s degree in mechanical engineering from Drexel University, Belisario went on to earn his law degree from Widener University. Prior to joining Panitch Schwarze Belisario & Nadel LLP, he was a partner at Akin Gump Strauss Hauer & Feld, LLP and Panitch Schwarze Jacobs & Nadel, P.C. He began his career as a patent examiner with the United States Patent and Trademark Office.
About Panitch Schwarze Belisario & Nadel LLP – Panitch Schwarze Belisario & Nadel LLP is a boutique intellectual property law firm with offices in Philadelphia and Wilmington, Delaware. The firm’s IP law practitioners provide strategic litigation, licensing and counseling service relating to patents, trademarks, copyrights and trade secrets, domain names and Internet issues domestically and internationally. The firm’s long-standing relationships with a network of associates worldwide enable its attorneys and advisors to provide clients with global intellectual property advice and protection.
News from the Export-Import Bank of the United States
Washington, D.C. – Today the Export-Import Bank of the United States (EXIM Bank) released its Fiscal Year 2016 Annual Report highlighting its support of more than $8 billion in U.S. exports and an estimated 52,000 U.S. jobs.
The Bank also announced it has transferred $284 million in deficit-reducing receipts to the U.S. Treasury's General Fund for fiscal year 2016.
EXIM Bank is a self-sustaining federal agency and operates at no cost to the taxpayers. Since 2009, EXIM has sent nearly $3.8 billion of surplus to the U.S. Treasury for deficit reduction. In the last decade, EXIM has supported more than 1.7 million jobs in all 50 states.
“The Bank is proud of its 2016 performance in leveling the playing field for U.S. exporters who must compete with foreign state-backed companies around the globe for important sales,” said Fred P. Hochberg, EXIM chairman and president. “It is now more crucial than ever to leverage EXIM’s capabilities to stimulate U.S. exports abroad and bolster U.S. jobs at home.”
Among the highlights in the 2016 Annual Report are the following:
ABOUT EX-IM BANK:
EXIM is an independent federal agency that supports and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S. goods and services abroad. Almost 90 percent of its transactions directly serve American small businesses.
In fiscal year 2016, EXIM approved $5 billion in total authorizations to support an estimated $8 billion in U.S. export sales. Since 2009, EXIM has supported more than 1.4 million American jobs in communities across the country and sent $3.8 billion of surplus to the U.S. Treasury for deficit reduction.
Small business exporters can learn about how EXIM products can empower them to increase foreign sales by clicking here. For more information about EXIM, visit www.exim.gov.
Media Contact: Lawton King (202-565-3408)
World Trade Center of Greater Philadelphia is an EXIM Regional Export Promotion Program Partner
NEWS PROVIDED BY PRNewswire/Ben Franklin
From the Drexel University Charles D. Close School of Entrepreneurship
This year we are particularly proud of the success our companies in Pennsylvania and New Jersey have achieved. With the guiding hand of our trade counselors, these exporters, many of them small and medium‐sized businesses, now have customers around the world ‐ registering over $174M in increased export sales.
Their success is our success and it's at the heart of what we do as a member‐based, 501(c)3 non‐profit organization.
This year we partnered with the Economy League of Greater Philadelphia and area business and civic leaders, as part of a national Brookings/JP Morgan Chase "Global Cities Initiative" to launch a dynamic export strategy to drive economic growth and job creation for the Greater Philadelphia Region. The resulting "Export Plan" for Philadelphia underscored that there are many more businesses in the Greater Philadelphia region who can and should be exporting ‐ and need the services of the WTCGP.
As part of our commitment to the international business community to provide timely and relevant information on the global economy and celebrate our global leaders, this year's key signature events and international meetings included:
Every day the WTCGP opens its doors to help "grow trade" in the Greater Philadelphia region thanks to our member companies, and sustaining and leadership partners. As we continue to grow trade, we need to ensure that we can continue to expand this important work.
A 47-year-old woman whose CT scan shows several pulmonary nodules visits a doctor in Shanghai. The doctor, who that day may have seen as many as 200 patients, tells her she mostly likely has cancerous lesions in her lungs and will need chemotherapy and surgery to remove all 7 of them. He doesn’t perform a biopsy.
Fortunately, this woman is one of a growing number of people in China who are seeking medical care in the United States, and can afford it. In her case, a medical tourism agent in China reached out to Ruth Wu, President of Premier Global Care (PGC) and Ruth stepped into action. After an appointment with a pulmonary doctor at Penn Medicine, it was determined that the woman did not require chemotherapy or surgery, as the lesions were too small and low in density to be diagnosed as malignant. Instead, the doctor told her not to worry and suggested a six-month follow-up.
Premier Global Care, a newly created medical tourism company was established to fill the growing need and desire for China’s growing middle class to receive life saving medical care in the United States. China’s medical care procedures are standardized and due to high volume, doctors are forced to seek the fastest treatments, leading to increased medical errors. Every year an average of 60,000 Chinese seek medical assistance abroad, especially for conditions related to China’s pollution problem. A recent article in Time Magazine reported that by 2020 lung cancer cases in China are expected to top 800,000.
For the past year, PGC has been working in China to create personalized medical tourism packages for Chinese people seeking anything from critical medical care and In Vitro Fertilization to corporate executive physical exams.
Once a patient has connected with PGC, Ruth Wu will work with her team to create a personalized package.
First step to a personalized package – review the patient’s medical records and connect with the hospital in Philadelphia (or other US city) most suitable for the patient’s case to come up with the best treatment plan. After discussing the plan with the patient and his/her family, the PGC team will handle all necessary details which may include: obtaining a Visa; arranging housing and transportation to and from hospital and doctor appointments; providing translation services, organizing tourist excursions for family members, and providing other needs such as weekly food shopping.
Once the patient returns to China, PGC continues to provide assistance with prescription refills; medical report translation and other needs that may arise such as remote follow up sessions.
PGC has brought over 30 patients from China to the United States, most often to Philadelphia. In Philadelphia, Ruth Wu works closely with Philadelphia International Medicine, which matches international patients and physicians with access to a network of world-renowned doctors, surgeons and hospitals.
Sometimes time is of the essence, as in the case of a three year old girl who had received radiation in China for a tumor that was growing inside her mouth. Unfortunately, by the time the toddler arrived at New York’s Lenox Hill hospital, the cancer had advanced and doctors were unable to save her life.
“I accompanied Baby Yao to Lennox Hill Hospital. It was heart breaking to see that we got to Yao, a precious 3 year old, too late for treatment. I ask myself often what if her parents had sought out help a few months earlier,” says Dr. John Bennett, CEO of Premier Global Care. ”
PGC is currently managing 4 patients in the Unites States and their prognosis is great. One of those patients is a 34- year old woman who was recently diagnosed in China with cirrhosis of the liver. Chinese doctors told her that she had ten years to live. Follow-up tests in the United States determined she did not have cirrhosis of the liver – she was fine.
“She and her husband are so happy about this result” says Ruth Wu. “I have a mission now to help more patients to get the proper care and to avoid unnecessary procedures.”
About Premier Global Care (PGC)
Premier Global Care is a medical tourism company leveraging Devon International Group’s years of experience in the healthcare and medical industries. PGC is dedicated to advanced medical treatment and personalized patient services.
About Devon International Group (DIG) www.devonintlgroup.com
DIG is a multinational group of businesses spanning the healthcare, information technology, manufacturing, and international industries. DIG’s nine companies employ over 500 people in 20 countries. The Group routinely partners with entities ranging from small private companies to Fortune 500 enterprises to help achieve its goals of driving affordability and access in healthcare, technology and other industries.
DIG has built an extensive relationship in northern, mid and southern China over the past 15 years, and has an office in Shanghai and a factory in Nantong.
Exclusive Offer for World Trade Center of Greater Philadelphia Members Only!
We’ve partnered with the Pyramid Club to give WTC Philadelphia members an opportunity to meet, network and take advantage of the many conveniences offered when you need to take care of business - downtown!
“My office is in the suburbs but I often have to meet clients in Philadelphia. I recently joined the Pyramid Club through my [WTC Philadelphia] membership and I have already hosted a series of meetings, used the discounted parking and have impressed new clients with my new “downtown meeting place,” says Jeff Ji, President U-Combination Technology. “And I’m starting to meet new potential clients.”
Here’s what you get with Pyramid Club Philadelphia Membership:
For an additional $50 per month you can upgrade to O.N.E membership which offers:
*Eligible parties include primary holder plus one additional executive from each individual member company. If the primary holder is already a Pyramid Club member, this offer can be extended to another executive within the company. Primary holder benefits include children under 23 and spouse.
**Existing Pyramid Club members are not eligible.
Beginning on Jan. 1, 2017, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
Read Full IRS Announcement
Watch this space for WTCGP news, events, press, and more!