Making global trade and foreign investment a sustainable driver of New York’s economy will be examined at 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 held be at The Business Council’s offices at 12 Corporate Woods Blvd. in Albany from 1 p.m. to 4 p.m. Attendance at the forum is free, but registration is required by clicking here.
New York has the third largest exporting economy in the nation and recent estimates show that one-third of Upstate manufacturers already trade globally.
Expanding upon this base creates an opportunity for upstate businesses, especially small- and mid-sized businesses, to increase sales and operating efficiency resulting in job creation for communities.
The forum will bring together business and economic development policy experts and practitioners who will examine:
• Trends in global trade, emerging and developed markets and how these trends 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 now underway.
• The need to make global trade and foreign investment a more integrated, sustainable part of a competitive Upstate economy in the years to come.
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 Regional Chamber of Commerce, the Buffalo Niagara Partnership, 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.
Mr. Rasco will provide an international view on trade, investment data and 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 that focuses on the region’s most pressing issues that have impeded its economic growth along with some its most valuable assets that are or have the potential to 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.