Commerce and Economic Development Bureau

As U.S. Economic Recovery Persists, Equity and Inclusion Take Root

Retrieved on: 
Wednesday, May 10, 2023

WASHINGTON, May 10, 2023 /PRNewswire-PRWeb/ -- Leadership from the New Growth Innovation Network (NGIN) today released a capstone report as part of its Inclusive Recovery Initiative, a national program supported by the U.S. Economic Development Administration and delivered in partnership with the National Association of Development Organizations Research Foundation (NADO RF). The initiative aims to support Economic Development Organizations and Districts in embedding inclusive and equitable growth into their COVID-19 recovery strategies and in the development of regional Comprehensive Economic Development Strategies (CEDS).

Key Points: 
  • The initiative aims to support Economic Development Organizations and Districts in embedding inclusive and equitable growth into their COVID-19 recovery strategies and in the development of regional Comprehensive Economic Development Strategies (CEDS).
  • A Comprehensive Economic Development Strategy that explicitly focuses on equity will advance economic growth and long-term American competitiveness.
  • Elevating Equity in Economic Development: An Inclusive Recovery Toolkit, is presented as both an online interactive toolkit and in-depth downloadable guide.
  • The 85 page guide includes resources tailored for Comprehensive Economic Development Strategies and serves as a reference when planning for inclusive economic growth.

Shenzhen and Hong Kong Collaborate on the Promulgation of 16 Measures for the Creation of an Intellectual Property and Innovation Hub

Retrieved on: 
Monday, February 27, 2023

It is understood that the 16 Measures cover initiatives in four key areas: promoting the harmonization of IP rules and systems between Shenzhen and Hong Kong, supporting the exploitation and transformation of Hong Kong's IP in Qianhai, fostering cross-boundary IP services, and developing the Qianhai Shenzhen-Hong Kong IP and Innovation Hub.

Key Points: 
  • It is understood that the 16 Measures cover initiatives in four key areas: promoting the harmonization of IP rules and systems between Shenzhen and Hong Kong, supporting the exploitation and transformation of Hong Kong's IP in Qianhai, fostering cross-boundary IP services, and developing the Qianhai Shenzhen-Hong Kong IP and Innovation Hub.
  • Additionally, any Hong Kong or international IP service provider who settles in Qianhai will be entitled to a subsidy of up to 2 million yuan.
  • Some analysts say that the 16 Measures will effectively assist Hong Kong IP service providers to tap the mainland market by utilizing Qianhai as a "bridgehead".
  • A holistic protection system, covering judicial, administrative, arbitration, notary, and legal services related to intellectual property is taking shape in Qianhai.

Shenzhen and Hong Kong Collaborate on the Promulgation of 16 Measures for the Creation of an Intellectual Property and Innovation Hub

Retrieved on: 
Monday, February 27, 2023

It is understood that the 16 Measures cover initiatives in four key areas: promoting the harmonization of IP rules and systems between Shenzhen and Hong Kong, supporting the exploitation and transformation of Hong Kong's IP in Qianhai, fostering cross-boundary IP services, and developing the Qianhai Shenzhen-Hong Kong IP and Innovation Hub.

Key Points: 
  • It is understood that the 16 Measures cover initiatives in four key areas: promoting the harmonization of IP rules and systems between Shenzhen and Hong Kong, supporting the exploitation and transformation of Hong Kong's IP in Qianhai, fostering cross-boundary IP services, and developing the Qianhai Shenzhen-Hong Kong IP and Innovation Hub.
  • Additionally, any Hong Kong or international IP service provider who settles in Qianhai will be entitled to a subsidy of up to 2 million yuan.
  • Some analysts say that the 16 Measures will effectively assist Hong Kong IP service providers to tap the mainland market by utilizing Qianhai as a "bridgehead".
  • A holistic protection system, covering judicial, administrative, arbitration, notary, and legal services related to intellectual property is taking shape in Qianhai.

Hong Kong's Middle East mission lays groundwork for new business opportunities

Retrieved on: 
Friday, February 10, 2023

The Hong Kong delegation engaged with senior representatives of government, local Chambers of Commerce and key corporations via business meetings and seminars.

Key Points: 
  • The Hong Kong delegation engaged with senior representatives of government, local Chambers of Commerce and key corporations via business meetings and seminars.
  • The signing of 13 Memoranda of Understanding (MoU) during the mission signals new collaboration opportunities between Hong Kong and Middle East companies and organisations in business, finance, innovation and technology, sustainability and transport.
  • As Hong Kong reopens to the world, we have lost no time in organising this Hong Kong business delegation to the Middle East, led by the Chief Executive and three principal officials.
  • Apart from over 30 international trade fairs and conferences in Hong Kong, the HKTDC organises large-scale overseas mega promotions, such as Think Business, Think Hong Kong, which will be held in Thailand in July to promote the Hong Kong brand together with the Hong Kong family of organisations.

Hong Kong and UAE explore collaboration opportunities

Retrieved on: 
Thursday, February 9, 2023

Panel speakers discussed the opportunities for deeper UAE-Hong Kong collaboration at the business forum before a dinner for the Dubai and Hong Kong business communities.

Key Points: 
  • Panel speakers discussed the opportunities for deeper UAE-Hong Kong collaboration at the business forum before a dinner for the Dubai and Hong Kong business communities.
  • Hong Kong's Chief Executive Mr John Lee said: "The UAE is Hong Kong's largest trading partner in the Middle East region.
  • With the presence of our new international office in Hong Kong, I look forward to seeing continued collaboration with our Hong Kong counterparts and seeing the relationship between our countries thrive and prosper even more."
  • Chaired by Mr Yau, panel speakers included Mr Nicolas Aguzin, Chief Executive Officer of Hong Kong Exchanges and Clearing Ltd, Dr Sunny Chai, Chairman of the Federation of Hong Kong Industries and Chairman of the Hong Kong Science & Technology Parks Corporation (HKSTP), Mr Horace Cheung, and H.E.

HKTDC: Hong Kong ready for business

Retrieved on: 
Monday, February 6, 2023

Riyadh is the first of three stops on this week-long mission to the Middle East, organised by the Hong Kong Trade Development Council.

Key Points: 
  • Riyadh is the first of three stops on this week-long mission to the Middle East, organised by the Hong Kong Trade Development Council.
  • As our integration with the Mainland continues to deepen, so, too, do the opportunities for Hong Kong - and the economies and companies that work with Hong Kong."
  • Other business leaders from Hong Kong and Saudi Arabia also exchanged views at the investment forum yesterday.
  • Additionally, at the press conference, Mr Darryl Chan, Chief Executive of the Hong Kong Monetary Authority, the city's financial regulator, as well as Dr Sunny Chai, Chairman of the Hong Kong Science and Technology Parks Corporation and Federation of Hong Kong Industries, and Mrs Betty Yuen, Chairman of the Hong Kong General Chamber of Commerce, represented various sectors in Hong Kong, including finance, technology and smart city and sustainability development as well as business and professional services.

2023 Toys & Games Fair, Baby Products Fair, Stationery & School Supplies Fair Open Today

Retrieved on: 
Monday, January 9, 2023

The physical Hong Kong Toys & Games Fair, Hong Kong Baby Products Fair and Hong Kong International Stationery & School Supplies Fair open today and run until 12 January 2023 at the Hong Kong Convention and Exhibition Centre.

Key Points: 
  • The physical Hong Kong Toys & Games Fair, Hong Kong Baby Products Fair and Hong Kong International Stationery & School Supplies Fair open today and run until 12 January 2023 at the Hong Kong Convention and Exhibition Centre.
  • Brand Name Gallery at the Hong Kong Toys & Games Fair and Hong Kong Baby Products Fair presents branded products with outstanding design and innovative functions from over 120 internationally renowned brands.
  • The Hong Kong Toys & Games Fair and Hong Kong Baby Products Fair have various themed zones for easy sourcing.
  • - HKTDC Hong Kong Toys & Games Fair: http://hktoyfair.hktdc.com/
    - HKTDC Hong Kong Baby Products Fair: http://hkbabyfair.hktdc.com/
    - Hong Kong International Stationery & School Supplies Fair: http://hkstationeryfair.com/

JFF Selected by U.S. Economic Development Administration to Lead Good Jobs Challenge Cohort

Retrieved on: 
Thursday, August 4, 2022

BOSTON, Aug. 4, 2022 /PRNewswire/ -- Jobs for the Future (JFF), a national nonprofit driving transformation in the American workforce and education systems, announced today that it has been awarded a $4.6 million grant from the U.S. Economic Development Administration (EDA) to convene and lead a Community of Practice (CoP) as an extension of the Good Jobs Challenge. Under JFF's leadership, the CoP will share best practices, provide technical assistance, and extend professional networks among the Good Jobs Challenge's 32 grantee organizations, which were announced yesterday..

Key Points: 
  • Announced in August 2021 as part of President Biden's American Rescue Plan, the Good Jobs Challenge is a $500 million nationwide initiative to support the American worker.
  • Through the Good Jobs Challenge, EDA is supporting innovative approaches to seed and scale industry-led workforce training partnerships across the country.
  • JFF will also ensure resources developed as part of the CoP are made available to the wider community of economic development practitioners.
  • "The Good Jobs Challenge supports EDA's mission to lead the federal economic development agenda and recognizes that workforce development is a critical pillar of locally-led innovative and competitive economic development," explained Assistant Secretary of Commerce for Economic Development Alejandra Y. Castillo.

EDA head visits Greater MSP region for first-hand look at bio-innovation and inclusive economic growth initiatives

Retrieved on: 
Tuesday, April 12, 2022

"We are delighted to host Assistant Secretary Castillo for a conversation with leaders who are working to transform our region with a new model of inclusive economic growth," said GREATER MSP President and CEO Peter Frosch.

Key Points: 
  • "We are delighted to host Assistant Secretary Castillo for a conversation with leaders who are working to transform our region with a new model of inclusive economic growth," said GREATER MSP President and CEO Peter Frosch.
  • "The Assistant Secretary is interested to learn about the bold actions we are taking in the Greater MSP region to accelerate our economy through innovation and inclusion."
  • The Greater MSP region submitted its application to the EDA competition on March 15, 2022.
  • GREATER MSP is the economic development partnership for the 15-county Minneapolis Saint Paul region.

Asia Video Summit Wraps Up a Week of Events Highlighting the Resilience of the Industry

Retrieved on: 
Friday, November 26, 2021

"We look forward to working closely with the industry to ensure its sustained development," said Yau.

Key Points: 
  • "We look forward to working closely with the industry to ensure its sustained development," said Yau.
  • With Asia accounting for 47% of global streaming subscriptions, it is clearly a very significant market, with influence way beyond its borders.
  • The Asia Video Industry Association (AVIA) is the trade association for the video industry and satellite ecosystem in Asia Pacific.
  • It serves to make the video industry stronger and healthier through promoting the common interests of its members.