Tag Archives: San Diego Regional Economic Development Corporation

SDIDEC Friend Nikia Clarke named to U.S. Investment Advisory Council

Via Sarah de Crescenzo at the San Diego Business Journal

A San Diego woman is among the 19 people announced this week as appointees to the newly established U.S. Investment Advisory Council.

Nikia Clarke, executive director of World Trade Center San Diego, was among the public and private sector leaders named by U.S. Secretary of Commerce Penny Pritzker on June 7 as inaugural members of the advisory body.

Established in April, the council, whose members serve two-year terms, is intended to give input on how the nation should attract and retain foreign direct investment.

According to the Commerce Department, 18 percent of the nation’s GDP — $2.9 trillion — stems from foreign direct investment.

“U.S. affiliates of foreign companies directly employ 6.1 million people across our nation and pay higher than average wages which positively impacts nearly every facet of our economy,” Pritzker said, in a statement. “Attracting more job-creating foreign investment has always been a priority for the Obama administration. I look forward to working closely with the U.S. Investment Advisory Council to implement policies and strategies to ensure the United States remains the top destination for foreign investment.”

World Trade Center San Diego, which recently became an affiliate of the San Diego Regional Economic Development Corp., has been in San Diego since 1994. The organization helps small- and mid-sized businesses conduct foreign market research and participate in foreign trade missions.

Clarke, hired to lead the group in 2015, has a doctorate in international relations from the University of Oxford, where she studied Chinese manufacturing firms’ investments across Africa.

The board’s inaugural meeting is slated for June 21 in Washington, D.C., to coincide with the annual SelectUSA Investment Summit, an event that promotes foreign direct investment in the U.S.

MetroConnect Prize Applications Now Open!

MetroConnect Prize San Diego and Imperial District Export Council SDIDEC

The San Diego Regional Economic Development Corporation and World Trade Center San Diego are now accepting applications for the MetroConnect Prize. MetroConnect provides 15 San Diego companies $10,000 each in matching funds to cover up to 50 percent of the costs associated with a company’s next step in going global. Thanks to the support from JPMorgan Chase & Co., these funds assist companies in any scenario that increases their presence abroad. The application period opened April 1, 2016 and closes May 2nd, 2016. Finalists will be notified by May 20, 2016. Applications will be accepted on a rolling basis.