WTCGP Celebrates its Annual WTC Day Dinner on May 20, 2010
On May 20th the World Trade Center of Greater Philadelphia will host the 2010 WTC Day Dinner at the Park Hyatt at the Bellevue. This annual signature event is a celebration of the shared mission of all world trade centers to promote peace and prosperity through trade and honors those individuals and companies that exemplify that ideal.
The WTCGP has contributed greatly to the improvement of the region’s economic health and vibrancy. It has helped hundreds of area companies generate nearly half a billion dollars in export sales—and countless jobs. The WTCGP’s mission: to provide a world-class portfolio of international trade services and key global connections to help the region’s companies succeed in global markets, expanding the economic growth of the region as a whole.
Read Full Article
Ex-Im Bank Doubles Export Loan Authorizations
WASHINGTON – Export loan authorizations by the Export-Import Bank of the United States have more than doubled to $13.2 billion during the first half of the current fiscal year. That is a 125% increase compared to the previous record of $5.9 billion over the same period in 2009.
Great news! But what does it mean for your company? This means that small U.S. businesses have an additional $500 million credit available to expand their global footprint and close those ever lucrative international deals. This is a 28% increase over the first half of FY’09.
Do you know how to gain access to important funding that will increase your company’s competitive position? If you are an exporting expert or novice alike, the WTCGP can provide you with all the information and referrals you need. Click here to learn about our Export Finance Initiative.
For a full version of the recent Ex-Im press release, Click here
Federal Reserve Bank of Philadelphia Releases April 2010 Business Outlook Survey
“The expansion of the region’s manufacturing sector is continuing, according to firms polled for this month’s Business Outlook Survey. The broadest survey measures remained positive this month, with measures of general activity and new orders showing a slight improvement from March. More firms reported higher input prices this month, but prices for manufactured goods remained nearly steady. The survey’s broad indicators of future activity continued to suggest that the region’s manufacturing executive expect business activity to increase over the next six months.”
To read this full report on this survey and view a video on the release of this data, click here.
WTCGP Event in Review
Drexel MBA Students Complement a Trade Mission to Shanghai and Beijing
In the spirit of creating increased competitiveness for our region, the WTCGP, in collaboration with Drexel University’s LeBow College of Business, conducted a trade mission to Shanghai and Beijing in March of this year. Four of our client companies accepted the opportunity to benefit from this valuable partnership and 23 students experienced a once-in-a-lifetime chance to expand their understanding of international business.
The “Export for Scholars” collaboration, fresh off the heels of an outstanding mission to Malaysia and Hong Kong, not only enhanced the MBA curriculum but also benefited our client companies through highly tailored market intelligence reports prepared by the talented LeBow students. Mark DeHarde, President of Ultraflex Systems, Inc. said of the students’ participation, “[They were] very fun and stimulating. Their energy and perspective adds a lot to the mission.” In addition to the coordination of match making meetings in China, the WTCGP also arranged for a variety of visits to US based companies conducting business in China. Such visits included UPS, Boeing, IBM and LCR Electronics and provided the students with live case studies on cultural adaptation and global operations. In total our client companies participated in 38 one-on-one meetings with potential trading partners; as icing on the cake, several of our trade mission participants have continued to build on these meetings by developing the ever important relationships necessary for success in the China market.
Lest you think the Export for Scholars program is all work and no play, the students and company participant s had the opportunity to enjoy a variety of cultural activities. Among the most memorable of these activities was a day trip to an undulating section of the Great Wall where it snaked its way across the Yanshan mountain range which protects the northern side of Beijing.
WTCGP News
Welcome New WTCGP Interns
In April, two new Drexel Co-op students began their six month long internship with the WTCGP. Please join us in welcoming Oksana Slobodyan and Katelyn Feldstein.
Read Full Article
Upcoming Events
Sustainable Development: Perspectives on India
May 6, 2010
8:30am - 12:00pm
Temple University Center City, Room 320
Philadelphia, PA
The WTCGP in cooperation with Temple University’s Center for International Business Education and Research (CIBER) is pleased to present the second of five seminars on infrastructure and the environment in India. This seminar is part of the India Exchange Network program, for companies currently doing or considering doing business with India.
Our expert speakers include:
Prasad D. Aysola, MS, MSC, CAIH, CHMM
N.C. Vasuki, P.E., BCEE, Chief Executive Officer (Retired), Delaware Solid Waste Authority
Michael G. Cosmos, P.E., Vice President, Global Business Management, Weston Solutions
Learn about industry drivers, green initiatives and the status of environmental awareness in India. Additionally, attendees will learn about several large green development projects Weston Solutions is doing in India, such as a LEED Platinum eco-tourism project and a sustainable, up-scale housing development.
Register Today!
WTC Day Dinner
May 20, 2010
6:00pm - 9:00pm
Park Hyatt at the Bellevue
Philadelphia, PA
Governor Rendell has been invited to receive the “Global Business Leadership Award” this year, in recognition of his outstanding record of achievement in advancing economic growth and jobs through international trade. Pending his schedule, we hope he will be able to join us at the event.
Schramm, Inc. will be honored with the Member of the Year Award at this annual event.
Mark your calendar today to participate in the region's leading international business event of the year. Join fellow business leaders and the WTCGP in networking and recognizing the region's global success and the contribution of World Trade Centers to peace and stability through trade.
Register Today!
International Trade Opportunities in Today's Global Economy
May 25, 2010
7:30am - 9:30am
Sheraton City Center Hotel
Philadelphia, PA
There is no secret, dramatic change in the world economy and shifting international landscapes have created both challenges and opportunities for U.S. importers and exporters.
Join Philadelphia Business Journal and HSBC Bank USA, N.A. for an informative breakfast discussion on navigating in the new global economy. A panel of experts will focus their discussion on real life examples, issues to consider and share what works and doesn’t in the competitive environment.
Additional information and registration forms can be accessed here
Haiti Reconstruction: Accessing Opportunities in the Medium to Long-Term
June 7, 2010
8:00am - 12:30pm
Beharakis Grand Hall, Drexel University
Philadelphia, PA
The WTCGP is proud to be partnering with the U.S. Department of Commerce on a seminar that will address how to provide your products and services to the massive scale, Haitian reconstruction effort. Since mid January, when an earthquake devastated the Haitian economy and infrastructure, it has become apparent that the international community will need to band together and help with the rebuilding process.
Do you believe that your company can supply products that will be needed for the reconstruction efforts in Haiti? Do you not know where to begin but want to start learning about the process for bidding on U.S. government contracts or those with multilateral organizations like the U.N.? If you can say yes to either of these questions or even ponder them for a brief moment, this event is a must attend for your organization.
Click here for more information and registration instructions.
Counseling with Life Science Consultant from PA Authorized Trade Rep Office in Japan
June 9, 2010
9:00am - 3:00pm
World Trade Center of Greater Philadelphia
Philadelphia, PA
As the Regional Export Network Representative for the Commonwealth of Pennsylvania's Center for Trade Development, the WTCGP is pleased to announce that on Wednesday June 9, 2010 Ms. Tomomi Okamoto, the Life Science Consultant for the PA Authorized Trade Representative (ATR) Office in Japan will be available to provide One-On-One counseling to qualified export ready companies in the Bio / Pharma / Life Science sector. She will also discuss with the attendees the June 6 to 10, 2011 Pennsylvania Bio / Pharma Trade Mission to Japan. The One-On-One meetings are by appointment only.
To schedule your One-On-One appointments, please contact one of the following WTCGP Trade Specialists:
For Chester, Montgomery, and Delaware Counties:
Ron Drozd
rdrozd@wtcphila.org
215-586-4240 x 122
For Bucks and Philadelphia Counties:
Dale Foote
dfoote@wtcphila.org
215-586-4240 x 117
Upcoming Trade Missions
June 9-11, 2010, Buiding a New Haiti: Business, Commerce, and Investment
October 5-13, 2010, Vietnam, Singapore, and Indonesia
Upcoming Trade Shows
April 12-16, 2010, Expomin - Santiago, Chile (Mining)
June 8-10, 2010, Canada Global Petroleum Show - Calgary, Alberta
July 19-25, 2010, Farnborough International - Farnborough, England (Aerospace)
September 1-3, 2010, JAIMA 2010 - Tokyo, Japan (Instrumentation)
September 13-16, 2010, Rio Oil and Gas Expo and Conference, Brazil
September 14-15, 2010, Health and Technology Congress - Arnhem, Netherlands (Healthcare)
September 7-10, 2010, China Furniture Show - Shanghai, China (Furniture)
September 21-25, 2010, HUSUM Wind Energy - Husum, Germany (Environmental)
October 25-28, 2010, Taiwan International Green Industry Show - Taipei, Taiwan (Environmental) |
