Impact: Expanding Business

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Eds and Meds continue to be the sectors that attract international businesses and delegations. Philadelphia continues to reach out to China and Japan to expand business opportunities.

“In order to stay competitive in our increasingly global economy, we must continue to explore opportunities and increase our region’s connections outside of the United States,” said Commerce Director Epps. “Philadelphia is a global city and we need to maintain direct outreach to our international business partners in order to attract new capital, talent and connectivity that will spur increased economic growth in our city.”

Advancing Philly’s Reputation in Life Sciences

In June, the biotech world came to Philadelphia for its largest industry convention, BIO, which brought more than 20,000 visitors to Philadelphia (40% of whom are international). Numerous Sister City delegations visited from Tianjin, Kobe and Tel Aviv. The Sister City delegations benefited from our close ties to learn about opportunities for partnerships and our amazing tourism attractions.

Promoting Small Business Development

Dr. Christine Martey-Ochola, co-founder and president of the Sub-Saharan African Chamber of Commerce, hosted 21 entrepreneurs to examine policy, innovations, and private sector support for small business development. She fielded the entrepreneurs’ questions on market access issues for African products, mobilzing diaspora communties to promote a business, and building a culture of entrepreneurship. Visitors were energized by her comprehensive knowledge and spirited optimism for the future of African business. The Enterprise Center’s Victoria Hosendorf talked with the group on how to assess best practices to overcome common hurdles faced by entrepreneurs.

Expanding Business Relationships in Japan

In November, Commerce Director Harold T. Epps and other representatives from the City of Philadelphia’s Department of Commerce traveled to Japan for a one-week business mission to Tokyo and our Sister City, Kobe. Business development was the key focus of the trip. The City, Citizen Diplomacy, Philadelphia International Airport, PHLCVB, Philadelphia International Medicine and the Japan America Society of Greater Philadelphia participated in more than 20 meetings, speaking engagements, business outreach and other events planned to support city-to-city relationship building, tourism and enhance the awareness of the flourishing medical and educational ecosystem in our region.

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