Lehigh Valley Event to Host International Trade Representatives
By Colin McEvoy on September 1, 2022
The state of Pennsylvania has a network of business investment representatives stationed all around the world, speaking regularly with international companies in such countries as France, Germany, India, and the United Kingdom, encouraging them to establish U.S. operations in the Commonwealth.
A dozen of these Pennsylvania Authorized Trade Representatives will be visiting the Lehigh Valley to provide their insights about the business, social and political environment of their counties and regions during the Bringing the World to Pennsylvania event on Sept. 22.
The Lehigh Valley Economic Development Corporation (LVEDC) is a sponsor for the event, which will be held at Lehigh University’s Iacocca Conference Center on Sept. 22 from 10 a.m. to 3 p.m. Visit here to register or for more information.
The 12 trade representatives at the event represent 44 markets across the world, located in nations including Austria, Australia, Canada, the Czech Republic, Germany, India, Israel, Italy, Mexico, the Netherlands, New Zealand, Singapore, South Korea, Switzerland, Taiwan, and the United Kingdom.
The event will provide an opportunity for Pennsylvania companies to meet one-on-one with these trade representatives to discuss foreign market intelligence, agent and distributor candidates, industry and government contacts, and on-the-ground assistance abroad.
“Whether your company is exploring new markets or looking to increase sales in an existing market, attending Bringing the World to PA is a great way to gain valuable insight to guide your international business strategy,” according to the Pennsylvania Department of Community and Economic Development.
There is a $35 fee to attend. For more information, contact Andrea Hampton at the Lehigh University Small Business Development Center at 610-758-2938 or via email at [email protected].
Additionally, LVEDC has helped organize a presentation during the event about the Foreign Trade Zone (FTZ) incentive program, which helps companies improve cash flow, increase global logistics efficiency, and reduce redundant or unnecessary logistics costs.
An FTZ is a physical location within a United States custom territory where merchandise receives the same treatment as if it were outside the commerce of the United States. Therefore, by establishing an FTZ at their facility, a business can defer, reduce or altogether eliminate their customs duties and other tariffs or taxes.
The FTZ presentation will be made by Rebecca Williams, Managing Director at Rockefeller Group Foreign Trade Zone Services, a division of Rockefeller Group Development Corporation and a part of The Rockefeller Group.
The Lehigh Valley is home to more than 70 internationally-owned companies, and about 40% of the business prospects LVEDC were working with as of July were from outside the country, according to Kristin Cahayla-Hoffman, LVEDC Vice President of Business Development and Attraction.
The Lehigh University SBDC is a member of the Pennsylvania Network of Small Business Development Center, whose mission is to provide entrepreneurs and small business owners with the knowledge needed to make smart decisions and prosper.
Lehigh University’s SBDC has served small businesses in Lehigh, Northampton, Bucks, and Montgomery counties since 1978. It annually consults with over small businesses and provides free consulting to businesses in all stages of development, from pre-venture to mature.
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