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Economic Development Corporation And Asian Business Committee Welcome New Chair And Provide Opportunities For International Growth To Local Companies

(EDC President & CEO Jim Coleman with members of the Asian Business Committee, The Honorable Li Bin, Counselor of Commerce for the Embassy of the People's Republic of China, Rosa Hong, Assistant Director of Korea Trade Investment Promotion Agency, and the EDC Team)Largo, MD, February 9, 2016 - This afternoon, members of the Asian Business Committee (ABC) gathered at the Prince George's County Economic Development Corporation (EDC) to induct their new chairman, to connect the 30 Asian business owners in attendance to billions of dollars in business resources and contracting opportunities, and to celebrate the Lunar New Year. The Honorable Li Bin, Counselor of Commerce from the Embassy of the People's Republic of China and Rosa Hong, Assistant Director of the Korea Trade Investment Promotion Agency (KOTRA) addressed the ABC and highlighted their respective countries' economies and the importance of the work the EDC does to connect businesses, locally and abroad, with County resources.

"It is not enough for the County to only rely on business opportunities in our own backyard to increase our economy," said Jim Coleman, President and CEO of the Prince George's County Economic Development Corporation. "This County is on fire with possibilities and we are focused on expanding our reach to all parts of the globe. Our 'Activate Prosperity' initiative, coupled with County Executive Baker's International Business Development Plan provides our residents with the skills necessary to become multi-millionaires within the next three years."

Sharon Jackson, Acting Executive Director of the Supplier Development and Diversity Division also spoke to the Committee about the power and importance of being a Prince George's County Certified Business.

"There are goals attached to specific minority certifications, and this information is power," said Ms. Jackson. "Companies who are registered as County businesses and principally located in the County can have access to contracts that are specifically available for County businesses. We are here to help you maximize your opportunities through certification."

Nabee Yi, head of JMF, LLC and new chair of the Asian Business Committee emphasized the importance of the EDC's efforts to inform and attract Asian business to Prince George's County.

"As an Asian business community, we should participate in the explosive business growth that is taking place in Prince George's County within the next four to five years," said Ms. Yi. "With projects on the horizon totaling $6 million to $10 million, we see this opportunity as a win/win for both the Asian business community and the County."

As part of County Executive Baker's long-term international business development plan, the EDC has been tasked with executing 12 locally hosted international development summits and to prepare local businesses to export goods and services. Today's event is the first step in operationalizing this plan and provided the framework for a Friendship Agreement between Prince George's County and Korea.

To learn more about exporting, be sure to attend County Executive Baker's County Export Forum on February 17th at 10 a.m. at EDC Headquarters, 1801 McCormick Drive, Suite 140, Largo, MD 20774. Please contact Crystal Ballard at 301-583-4650 or cballard@co.pg.md.us to reserve your seat.