Chinese delegation seeks strategies on optimizing opportunities
Visit county to learn ‘best practices,’ economic initiatives
The Prince George’s County Economic Development Corporation (EDC) hosted a 24-member delegation from the Qinghai Province of China to share its best practices for optimizing international business development in the county during a meeting July 15 at the EDC’s headquarters in Largo.
EDC president and CEO Jim Coleman, along with Prince George’s County Assistant Deputy Chief Administrative Officer for Economic Development and Public Infrastructure David Iannucci, gave presentations on what the county does to promote development
of small- and medium-sized companies, the success of the county’s prior trade missions to China, how important international trade missions are for the local economy as well as the county executive’s four-point international plan, according to an EDC press release.
Coleman said his corporation’s goal is to generate $100 million in new revenue for the county’s local businesses, both domestically and internationally. Part of achieving that goal is to host international delegations which can help grow the economy and make all of the county’s businesses and residents sustainable far into the future, he said.
“This is just another continuation of County Executive [Rushern L. Baker’s] overall strategic plan and having a good relationship with China, but also his international focus on expanding our business sector in Prince George’s County,” said Coleman.
Iannucci, who spoke on Baker’s behalf, informed the Chi- nese delegation about how important international trade missions are for the local economy and how specifically the county is partnering with the Maryland Department of Commerce to expose more state companies to international business development.
For Iannucci, spurring economic growth entails using international trade and foreign investment as a way of growing the county’s tax base and creating jobs. Having good relationships with international delegations is critical for mutual cooperation and mutual economic growth, he said.
“I know Mr. Baker puts great value on the personal connection that we have among our nations,” Iannucci said. “I’ve had the great pleasure of traveling to your nation five times in the last 12 years and I spent a lot of my life literally living in Asia. So I have the highest respect for your culture, your history and the great accomplishments of the Chinese people.”
EDC’s International Business Development Specialist Isabelle Wang — a native of Fujian, China — translated each speakers’ remarks in Mandarin and also gave an overview of the corporation’s tools and strategies to help connect local businesses with opportunities.
More and more, Wang said Chinese delegations are looking to Prince George’s County to expand their international footprint which fits in with the county’s mission of becoming the gateway to the U.S. Qinghai is exploring international markets and looking for future cooperation between Chinese and U.S. governments. Learning about the county will provide great opportunities to introduce Chinese businesses to the American market and promote economic activity, Wang said in the press release.
“[We hope that] when they go back to China, they will talk about us — talk about our benefits to the local businesses in China and invite more delegations [to come here] to us,” Wang said.
Last year, Baker led a 22-member trade mission to China which included 13 business owners, many of whom brought back successful business partnerships. In addition to helping the county become a gateway, Baker launched a global marketing initiative entitled, “Prince George’s International!,” to showcase the county as an international investment destination and the center of international commerce, according to the press release.
“We are very appreciative of the Prince George’s Economic Development Corporation for hosting this meeting. It has been really successful,” said Vice Mayor Wang Jianfeng, the People’s Government of Xining City, Qinghai Province. “The main purpose of the delegation’s visit was to learn from a public administration perspec- tive. What we will share from today’s experience, through our Chamber of Commerce, is your focused support for smalland medium-sized businesses and the services and environment you are creating for the local economy. This is a great beginning. We will have further cooperation with each other by bringing new clients to your international business center, and also have your businesses come to Qinghai.”
Over the next four months, the EDC will host mutual international briefings with the embassies of South Africa, Canada, Nigeria, China and Mexico. The briefings will focus on growing revenue through international trade, gaining market leads on lucrative business opportunities and connecting with international trade resources through the Maryland Department of Commerce and the U.S. Department of Commerce.
Prince George’s County Assistant Deputy Chief Administrative Officer for Economic Development and Public Infrastructure David Iannucci briefs a 24-member delegation from the Qinghai Province of China on how important international trade missions are...
EDC’s International Business Development Specialist Isabelle Wang, a native of Fujian, China, translated each speakers’ remarks in Mandarin and also gave an overview of the corporation’s tools and strategies to help connect local businesses with...