For Release — May 27, 2014
Global Trade and Foreign Investment Forum Planned
ALBANY, N.Y. — Making global trade and foreign investment a sustainable driver of New York's economy will be the focus of a June 17 forum, presented by The Public Policy Institute of New York State, Inc. and The Business Council of New York State, Inc., as part of the Opportunity Upstate series.
The forum, Global Trade and Foreign Investment: Key Elements of a Vibrant Upstate Economy of the Future, will be held at The Business Council's Corporate Woods office in Albany, N.Y. from 1 p.m. to 4 p.m.
“New York has the third largest export economy in the nation and estimates show that one-third of upstate manufacturers already trade globally,” said Heather C. Briccetti, Esq., president and CEO of The Business Council. “Expanding on this creates an opportunity for upstate businesses — especially those that are small- and mid-sized — to increase sales and operating efficiency, resulting in job creation for their communities.”
The forum will bring together business experts, economic development policy experts, and practitioners who will examine:
- Trends in global trade and how these could impact the economy of upstate New York.
- The current role of global trade and foreign investment in upstate New York.
- Regional and state initiatives currently underway.
- The need to make global trade and foreign investment a more integrated, sustainable part of a competitive upstate economy.
Participants will include: Kenneth Adams, president & CEO of Empire State Development and commissioner of the New York State Department of Economic Development; Jose Rasco, managing director and head of investment strategy for HSBC Private Bank; and representatives of regional economic development organizations including the North Country Chamber of Commerce, the Buffalo Niagara Partnership, CenterStateCEO and the Center for Economic Growth. They will discuss programs, strategies, resources and best practices for growing foreign trade and investment.
Commissioner Adams will provide an overview of the state's efforts to promote global trade, attract foreign investment, and help restore upstate New York as a leader in foreign trade and investment through Global NY, START-UP NY, and the “go global” emphasis of the Regional Economic Development Council initiative.
Rasco will provide an international view on trade, trends focusing on how these could impact New York state as a whole, and upstate in particular.
Opportunity Upstate is an initiative of The Public Policy Institute of New York State and The Business Council of New York State focusing on upstate New York's most pressing issues impeding economic growth along with some its most valuable assets that could be key economic drivers. Through a series of forums — and an examination of issues like taxes and excessive business regulation, and assets like manufacturing, innovation, global trade and foreign investment and education — PPI and The Business Council will prepare recommendations and propose changes needed to achieve the ideal upstate business climate.
Attendance at the forum is free, but pre-registration is required. For more information or to register for this event, visit The Business Council website at www.bcnys.org or call 800.358.1202.