On Monday, May 8, Linda Conlin, President of World Trade Center of Greater Philadelphia (WTCGP) and Chief Operations Officer Dino Ramos, met with Kevin O’Connor, Head of Business at Derry & Strabane District Council in Northern Ireland to discuss mutual trade and investment opportunities between Northern Ireland and the Greater Philadelphia Area.
Israel’s Amazing World Rankings By Sherwin Pomerantz President, Atid EDI Ltd. and Authorized Trade Representative (ATR) for Pennsylvania for the Eastern Mediterranean Originally posted online at atid-edi.com It is nothing short of amazing that a small, young country with just over 8 million people in existence for only 69 years can rank so high on so many international comparative indices. Talk about punching above one’s weight, Israel is a prime example. For example, the World Economic Forum’s 2016-2017 Global Competitiveness Report ranked Israel as the 2nd best place for innovation in the world after Switzerland. A recent ranking of universities worldwide by MIT, found that Israel’s Technion-Israel Institute of Technology is #1 in the world among universities that support innovation. Last week, the New York-based data firm CB Insights, issued a report that shows that Israel has the second highest concentration of cyber-defense companies in the world after the United States. Cyber-defense companies in the report covered a range of subsectors including quantum, encryption, deception security, automobile security, Internet of Things security, cyber insurance, mobile security, autonomous systems, critical infrastructure security and predictive intelligence. The CB report identified the top 30 companies worldwide which included three Israeli firms, Argus (automobile security), Illusive Networks (cyber protection using deception technology) and Indegy (protection of critical infrastructure from cyber-attacks). Between them they have raised $78 million from investors, including Microsoft Ventures and Bessemer Ventures. Israel also holds a worldwide leadership position in the digital health sector. The sector in Israel grew significantly in 2016, both in terms of funding and the number of companies, with investments jumping almost 30% to $183 million in 2016 over 2015, according to a report released by the nonprofit organization Start-Up Nation Central. Cyber-defense companies in the report covered a range of subsectors including quantum, encryption, deception security, automobile security, Internet of Things security, cyber insurance, mobile security, autonomous systems, critical infrastructure security and predictive intelligence. The CB report identified the top 30 companies worldwide which included three Israeli firms, Argus (automobile security), Illusive Networks (cyber protection using deception technology) and Indegy (protection of critical infrastructure from cyber-attacks). Between them they have raised $78 million from investors, including Microsoft Ventures and Bessemer Ventures. Israel also holds a worldwide leadership position in the digital health sector. The sector in Israel grew significantly in 2016, both in terms of funding and the number of companies, with investments jumping almost 30% to $183 million in 2016 over 2015, according to a report released by the nonprofit organization Start-Up Nation Central. Personal health tools and health analytics accounted for over 70% of deal volume in 2015 and 2016 within the overall digital health sector. The health analytics subsector, focused on companies that collect and analyze data to solve medical problems for businesses and consumers, received the most funding in the past two years: $84 million in 2015, 59% of total investments, and $58 million in 2016, 32% of total investments. Considerable funding in 2016 also reached the clinical workflow subsector, which includes companies that enable hospitals, clinics, labs, and other healthcare stakeholders to work more efficiently. This sector received investments of $55 million, or 30% of total investments. The wearables & sensors subsector also received $46 million, or 25% of total investments, in 2016. The report went on to state: “Israel’s unique capabilities in information, communication, mobile, and cyber technologies, together with more than 25 years of expertise in implementing health IT, electronic medical records, and business analytics, offers Israel the opportunity to become a truly influential player in the global digital health arena.” Indeed, Israel has made great strides as a small, young country, not to mention the fact that it operates in one of the most politically volatile regions in the world with a host of nearby countries sworn to its destruction. Israel’s accomplishments to date prove that size, age, location and other classification criteria do not determine a country’s level of success or advancement. They also highlight the fact that Israel has developed innovative and entrepreneurial strengths with the capability of greatly impacting the global economy. For those companies who have not yet realized the business opportunities present in Israel, the time is now and our firm, Atid EDI Ltd., with 25 years of business development experience in the country, is uniquely positioned to assist. Sherwin Pomerantz is president of Atid-EDI Ltd., an economic development consulting firm with 24 years’ experience in assisting overseas companies and public entities in their export promotion and foreign direct investment attraction efforts.
“Now’s the time to go to Cuba!” Richard Roffman, Publisher, Cuba Trade Magazine told attendees at our Cuba Trade Seminar. According to Roffman, Cuba is bustling with new energy and welcome not only tourists, but also new US business opportunities.
On April 10th, the WTCGP partnered with the City of Philadelphia Commerce Department to present a seminar focusing on trade possibilities with Cuba. Over 40 attendees packed the Innovation Lab at the Municipal Services Building to get first-hand information on what’s currently happening in Cuba since President Obama lifted sanctions. Additional speakers included Ruben Ramos Arrieta, Minister Counselor, Economic and Trade Office, Embassy of Cuba and via teleconference, Matthew S. Borman, Deputy Assistant Secretary of Commerce for Export Administration Bureau of Industry and Security, U.S. Department of Commerce.
The WTCGP is committed to helping our client companies access opportunities in major markets like Mexico - especially during this transitional time for global trade policy. The bottom line is: free and fair trade drives our economic growth and creates jobs in our region. Click here for Philadelphia Magazine story. If you attended our Global Business Conference on March 1st, you will understand why it received such positive reviews. In short, there was no better time to hold a conference touching on the challenges and opportunities of trade. Again, many thanks to all of our expert speakers who delivered in-depth content, leaving our audience wanting to hear more. Read the summary in our newsletter and click on our photo gallery to learn more. Click here for photo gallery. As Spring approaches, it also signals the time of year for our Annual World Trade Centers Day Awards and Celebration. After 9/11 the World Trade Centers Association, in cooperation with the United Nations, chartered a day in May for all World Trade Centers to celebrate "World Trade Centers Day," to honor global peace and prosperity through trade. On May 11th at the National Constitution Center, we will gather the international business community and once again honor a global business leader and two member companies for their global vision, achievement and contribution to making Greater Philadelphia a world-class region.
Throughout the year, we remain committed to providing you with informative and timely programs to support your global success. Please refer to our calendar of events and join us for our upcoming events on China, Mexico and Cuba, among others. We also hope to hear more from you. Follow us on social media and if you aren't already a member of the WTCGP, please consider joining. Sincerely, Linda Mysliwy Conlin President, World Trade Center of Greater Philadelphia This post updated Tue March 28 2017 11:08 AM EDT - Fitzpatrick title incorrectly stated as President and CEO.
As President Trump works to come up with a plan to create jobs, he may want to look to Paulsboro, New Jersey. The blue-collar town due east of the Philadelphia International Airport is opening a 200-acre shipping port, the first major port to be built on the Delaware River in the last 50 years. ![]() With a giant steel ship as their backdrop, local officials who braved the windy weather Thursday said the port would be an attractive location to shippers and spur economic growth in South Jersey. "I hope I don't offend anybody," said Mayor Gary Stevenson, hinting at the Trump phrase he was about to employ, "but I believe this port will make Paulsboro great again!" Port officials said most of the 100 workers on the docks right now live in Gloucester County, and they claimed that the port could employ a thousand workers as more customers sign on. Go to Newsworks.org for details on the port's first customer. By Art Swift FEBRUARY 16, 2017 In US, Record-High 72% See Foreign Trade as Opportunity
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