ARLINGTON, Va. - The U.S. Trade and Development Agency is expanding its investments in sustainable energy projects across sub-Saharan Africa. An implementing agency of the U.S. government's Power Africa initiative, USTDA invests in project preparation activities designed to generate renewable and gas-fired power, modernize electric grids and increase energy efficiency. The Agency's programs are available to help African project sponsors prepare bankable clean energy projects.
To begin the proposal process, please contact [email protected]. Further information, including a list of USTDA's regional staff, can be found at: http://www.ustda.gov/program/regions/sub-saharan-africa. Press Release Contact/Media Inquiries: Tom Hardy (703) 875-4357
Pittsburgh Mayor Bill Peduto concerned TPP deal will erode what remains of the steel industry while Philadelphia will look to expand into the Pacific Rim. House Speaker Paul Ryan has indicated a TPP ratification vote could come before the next U.S. president takes office in 2017. On a recent press call arranged by the White House, Mr. Nutter told reporters the deal is good for his city and, as a whole, for Pennsylvania. He said the agreement would expand market access for services, software, telecommunications and more — resulting in higher-paying jobs. It also would reduce tariffs and ensure that trading partners are following the same environmental and labor rules as the U.S., he said... Related Post: the-text-of-the-trans-pacific-partnernship
The U.S Trade and Development Agency recently released their annual report for 2015. The World Trade Center of Greater Philadelphia is honored to work so closely with USTDA as one of their "Making Global Local" partners. PDF download available below. ![]()
Brazil Business News and Updates for Opportunity Seekers via TradeBRZ at the Sao Paulo, Brazil WTC Business Tower In this month's edition of Brazil Buzz, pharmaceutical company GlaxoSmithKline (GSK) is featured for their recent announcement regarding plans to double their size in Brazil over the next five years. GSK's US headquarters are located in Warren, New Jersey. "GlaxoSmithKline (GSK), one of the world’s largest pharmaceutical companies, announced plans to double its size in Brazil over the next five years. More than 120 nations attend MEDICA 2015; Pennsylvania delegation features 5 WTCGP Member Companies12/31/2015
The Pennsylvania Global Access Program (GAP) is a grant designed to enhance the capability of small to mid-sized companies to increase export sales. GAP offers up to $3,500 per year in grant assistance to qualifying Pennsylvania companies to reimburse 100% of eligible expenses associated with specific export promotion activities. Program funding has been secured through September 29, 2016, and a company's upcoming international business trip or other export promotion activity may qualify. This program is funded in part through the U.S. Small Business Administration (SBA) State Trade and Export Promotion (STEP). Find a contact through the Regional Export Network (REN) here or contact World Trade Center of Greater Philadelphia trade representatives directly if operating out of these counties: Delaware, Chester, and Montgomery Counties Ron Drozd, Manager - Export Services 215-586-4248, [email protected] Bucks and Philadelphia Counties Dale Foote, International Trade Specialist 215-586-4231, [email protected] Pennsylvania Small Businesses can secure low-interest financing through Dec. 31, 2015:
Pennsylvania Industrial Development Authority (PIDA) program will support the continued growth of Pennsylvania small businesses that are projected to create and retain jobs and support private sector growth. PIDA approved $1.4 million in low-interest loans for four projects in Bedford, Berks, and Monroe counties, generating more than $5.8 million in total investments. Selected applicants can secure low-interest financing through Dec. 31, 2015. PIDA assistance is provided through Certified Economic Development Organizations only. Contact your county representative or contact the PIDA Office at (717) 787-6245 for assistance. Review Eligibility and Terms / Application Assistance (via newpa.com) PHILADELPHIA, Pa /CBRE Press Release/ - Over the next decade, 20 markets worldwide—including Philadelphia, Seattle and Miami—are set to emerge as global logistics hubs, according to a new report from CBRE Group, Inc. These emerging locations share a number of characteristics, including significant investments in infrastructure, new trade policies and agreements, and more advanced supply chains and technologies.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2014 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com. Full Press Release/Source Related Links:
12/21/2015 - Philadelphia Named Top Emerging Logistics Hub via Select Greater Philadelphia 11/19/2015 - The Next Global Logistics Hubs via The Wall Street Journal 06/26/2015 - Report: Pennsylvania among top five states for logistics via Central Penn Business Journal Export Credit Insurance FAQs from Export Finance Solutions, The Official Blog of the Export-Import Bank December 22, 2015 / Kathy Yao Q: Is Export Credit Insurance cost-prohibitive for small businesses? A: Depending on an exporter’s needs and risk exposure, costs may vary from $0.55 to $1.77 per every $100 of invoice value [1]. Our most popular product Express Insurance, for example, allows the exporter to pay $0.65 per every $100 of invoice value for credit terms up to 60 days. For a shipment of $10,000 to a foreign buyer, the premium due is just $65 ($10,000 x .0065). The best way to find out the exact costs for your business is to contact an EXIM export finance specialist directly.
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The new air transport agreement replaces an existing agreement between the two countries dating back to 1960 and is the result of more than two years of negotiations led by the US Department of State with the Department of Transportation and the Department of Commerce. According to figures reported by Reuters Mexico, the US and Mexico share 19 million passengers a year, with the US possessing a fleet of 7,500 aircraft, against 300 for Mexico. The deal awaits approval by the Mexican Senate, but Mexico Transportation Secretary Gerardo Ruiz Esparza predictes that will come early in the new year. No such ratification is required in the U.S. Joint Statement by Secretary Kerry and Secretary Foxx on the U.S.- Mexico Air Transport Agreement Media Note Office of the Spokesperson Washington, DC December 18, 2015 We welcome the signing this morning of a new air transport agreement between the United States and Mexico. This landmark agreement with one of our largest aviation partners will significantly increase future trade and travel between the United States and Mexico. The signing of this important agreement is the result of more than two years of negotiations led by the Department of State with the Department of Transportation and the Department of Commerce. The new agreement will benefit U.S. and Mexican airlines, travelers, businesses, airports and localities by allowing increased market access for passenger and cargo airlines to fly between any city in Mexico and any city in the United States. Cargo carriers will now have expanded opportunities to provide service to new destinations that were not available under the current, more restrictive agreement. This new air transport agreement further elevates and strengthens the dynamic commercial and economic relationship between the United States and Mexico and advances our goal of shared prosperity. By allowing air carriers to better meet increasing demand in both countries, the agreement will help drive economic growth in sectors beyond aviation, including tourism and manufacturing. Following internal ratification procedures in Mexico, both governments will be in a position to bring the new agreement into force. Source Related Links:
12/18/2015 - Mexico, US sign agreement to increase air passenger and cargo routes via Reuters Mexico 12/18/2015 - Mexico-US accord lifts airline restrictions via Mexico News Daily |
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