On August 1st we will settle into our NEW, larger office space at the same time we begin to expand on some NEW exciting initiatives:
The only thing changing is our address (Email and telephone contact information remain the same.):
One Penn Center, Suite 1690
1617 John F. Kennedy Blvd.
Philadelphia, PA 19103
Come visit! Stay tuned for our open house.
Download the 2017 WTC Network Business Meeting Application Form here.
Leadership Council Partner Stockton University Recognized in Two Student Success Rankings by Money Magazine
STOCKTON UNIVERSITY PRESS RELEASE
Galloway, N.J. – Stockton University has been recognized as an excellent value for students in two recent rankings.
The university is again included in Money Magazine’s “Best Colleges for Your Money” 2017 edition.
The list includes 711 colleges and universities chosen from among 2,400 across the nation. The ranking combines educational quality, affordability, and alumni success. It considers the cost of attendance, merit and need-based aid provided to students, and alumni earnings after graduation.
Stockton is also ranked seventh nationally, and first in New Jersey for Public Masters Universities in the Eduventures 2017 Student Success Ratings.
A national higher education research firm, Eduventures compared predicted student retention and graduation rates with the actual rates using criteria that also included academics, affordability and social factors.
“Our top rankings in this performance measure are a validation of Stockton’s value to students and parents,” said Harvey Kesselman, President of Stockton University. “This independent research firm confirms our belief that a Stockton degree becomes more valuable each and every day for our graduates.”
Money Magazine's Best Colleges For Your Money 2017 can be found at: http://time.com/money/best-colleges/rankings/best-colleges/
More information on the Eduventures ratings can be found at: Eduventures 2017 Student Success Ratings
For more information about Stockton University, visit Stockton.edu.
President Donald Trump announced his intention Tuesday to nominate former Utah Gov. Jon Huntsman to be U.S. ambassador to Russia.
If confirmed, the former 2012 GOP presidential candidate would take over a high-profile post amid ongoing investigations into Russian meddling in the 2016 election and potential contacts between Russian officials and the Trump campaign.Huntsman has twice served as an ambassador. He was the nation's top diplomat to Singapore under President George H.W. Bush and then served in that role in China under President Barack Obama before returning to the U.S. to run for president.
Huntsman was also briefly under consideration to be Trump's secretary of state. Still, the White House misspelled Huntsman's first name in its press release announcing Trump's intention, calling him "Governor John Huntsman Jr. of Utah" instead of Jon. The White House made the announcement shortly after it confirmed that Trump had a previously undisclosed conversation with Russian President Vladimir Putin during a dinner at the G-20 summit in Hamburg, Germany, earlier this month. Read More
Greater Philadelphia Selected to Develop New Market Prioritization and Metropolitan Economic Partnership Strategies as Part of the Global Cities Initiative
WTCGP President, Linda Conlin participated in the first GCI Cohort Working Session on July 11-12, 2017.
Greater Philadelphia has been selected to join a group of eight city-regions seeking to amplify the impact of trade strategies through new research and problem-solving that will determine how city-regions can best prioritize and execute economic partnerships with international metro counterparts. In April 2016, WTCGP and Economy League of Greater Philadelphia participated in the Global Cities Initiative (GCI), a joint project of Brookings and JPMorgan Chase. In April 2016, the Greater Philadelphia Export Plan was released.
“Even with strong trade and investment strategies, all metros face resource and capacity constraints to engaging internationally. In the global market haystack, metros need tools to focus on where they are most likely to find the needles,” said Marek Gootman, Brookings fellow and director of strategic partnerships and global initiatives. “We selected this diverse group of metros to test new approaches to identify, prioritize, and structure economic connections with specific foreign counterparts for maximum returns.”
Selected by Brookings through a competitive application process, Greater Philadelphia will join Atlanta, Columbus, Louisville/Lexington, Phoenix, San Antonio, San Diego, and Wichita in producing a locally-tailored market prioritization assessment, and initiating or expanding at least one metro-to-metro collaboration. These activities will yield an approach that can be replicated by other metropolitan areas.
“It is an honor for Philadelphia to be selected for this new phase of the Global Cities Initiative,” said Mayor Jim Kenney. “The economy becomes increasingly global with each day that passes, and in order to remain competitive, our city and region must identify ways in which we can more strategically focus our efforts internationally. Philadelphia’s participation in the Global Cities Initiative will allow the region to examine our existing economic strengths and opportunities for growth, while simultaneously identifying key markets around the globe where we can create or expand partnerships.”
The GCI metros will test a new evidence-based methodology to prioritize international markets for high-potential economic relationships. Through an assessment, each metro area will identify existing and potential market connections, sector synergies, and growth trends. Additionally, the cohort will examine different models to operationalize international metro–level economic partnerships targeted through prioritization, exploring bilateral and multi-lateral sector, geographic, and intermediary relationships.
“The World Trade Center of Greater Philadelphia is pleased to join Greater Philadelphia's regional leaders in this important GCI learning cohort that will take our metro export plan to the next level, identifying best markets and global partners, and tapping into the extensive network of world trade centers worldwide,” added Linda Conlin, President, World Trade Center of Greater Philadelphia.
Since its launch, the Global Cities Initiative (GCI) has raised awareness about the importance of international economic connections and competitiveness for growth and job creation, and spurred dozens of metropolitan areas to reorient their economic strategies toward engaging world markets. GCI has become a hub for coalitions of metro leaders across public, private, and civic sectors to connect with their counterparts for peer learning, problem-solving, and economic collaboration.
“Greater Philadelphia is a truly global region, and we’re delighted it’s getting this critical support to further develop international growth strategies,” said Mark Schrieber, Managing Director and Region Manager, JPMorgan Chase. “We must look beyond our metro area for growth opportunities; this effort will create international economic connections for local businesses and greater economic opportunity for all residents.”
The regional project team includes the City of Philadelphia, Select Greater Philadelphia Council, World Trade Center of Greater Philadelphia, and Temple University’s Fox School of Business.
Participation in the Global Cities Initiative will allow Greater Philadelphia to build on other ongoing efforts with an international focus. In 2016, the region worked with the Brookings Institution to release its three-year metro export plan, which identified several goals to create a more dynamic export economy. Just last month, City officials convened a group of local business and economic development leaders to begin building out a plan for more effective, cohesive marketing of the region for business and talent attraction.
BASSETT'S ICE CREAM PRESS RELEASE
Bassett’s Ice Cream Company, a fifth-generation family business since 1861, has successfully opened its first store in Seoul, South Korea and is now looking for opening 30 additional stores within this year. Bassett’s Ice Cream, located in Philadelphia, is a full-service frozen dessert distributor, offering over 100 flavors.
OIBD’s Korea Office has been working together with Bassetts’ Ice Cream-Korea Office since 2016 to meet with the local rules and regulations in Korea, including its manufacturing facility registration at the Korea’s Ministry of Food and Drug Safety. On June 7th, the delegation from Pennsylvania DCED, City of Philadelphia, Team Pennsylvania and Philadelphia Orchestra attended the grand opening of the first store of Bassett Ice Cream.
Bassett’s Ice Cream Korea targets for opening additional 15 stores nationwide by the end of August to fulfill the demands of Korean consumers’ premium ice cream, which will certainly increase the shipments from Philadelphia, PA to South Korea. Read More
*Picture: Grand Opening ceremony on June 7th, there are several recognizable people attended to celebrate a new journey for Bassett’s Korea. Michael Strange (President of Bassett’s Ice Cream), the City of Philadelphia (Harold Epps – Deputy Mayor for Commerce and Sylvie Howard), Commonwealth of Pennsylvania OIBD (Ken Yang and Mike O’Rourke), Team Pennsylvania Foundation (Lindsay Helsel), the Agricultural Trade Office of the U.S Embassy in Seoul (Lynn Larrabe – Director)