As the front door to the United States, the New York / New Jersey metropolitan area has served as a beacon of inspiration and prosperity for countless generations coming to this country. The US AFRICA Business week happening September 12 - 15th in NYC attests, the connections between our two continents only grows stronger each year and with leadership from Mayor of NYC Eric Adams, Vince Vicari of the NJ Small Business Development Corporation and a host of other dignitaries, the future of this important collaboration is certain.
In recent years, the bilateral trade relationship between the United States and Africa has witnessed a remarkable surge, ushering in a new era of economic collaboration and mutual benefit. This growth can be attributed to a combination of factors, including policy initiatives, increased investment, and evolving trade dynamics that have contributed to the strengthening of ties between the two regions.
One of the driving forces behind the growth in bilateral trade is the proactive policy approach adopted by both sides. African nations have been implementing reforms aimed at improving the business environment, enhancing infrastructure, and simplifying trade procedures. These efforts have not only attracted American investors but have also paved the way for increased trade flows. On the US front, initiatives like the Prosper Africa program have provided a framework to facilitate trade and investment, enabling American businesses to explore opportunities across the African continent.
Furthermore, the surge in bilateral trade can be attributed to the growing interest and investment from both American and African businesses. As economies diversify and consumer markets expand, businesses are recognizing the immense potential for growth in Africa. Sectors such as technology, energy, agriculture, and manufacturing have witnessed significant investments, leading to the creation of jobs, transfer of knowledge, and skills development in African countries. Similarly, African entrepreneurs are leveraging partnerships with US counterparts to access advanced technologies and global markets, fostering innovation and economic growth.
Evolving trade dynamics have also played a pivotal role in the expansion of US-Africa trade relations. Traditional commodity-based exchanges have given way to a more diversified trade portfolio, encompassing not only raw materials but also value-added products and services. This shift has led to a more balanced trade relationship, promoting sustainable development and reducing dependency on a limited range of exports.
Business is about people and ideas becoming reality and this year, The 2023 USAfrica Business Week offers more than 50 learning activities spread across five days that are designed to get you focused, engaged, and learning. The depth and breadth of this program is simply unmatched.
The USAfrica Business Expo brings stakeholders, political leaders, agencies, and professionals worldwide to promote and strengthen international trade and investment by connecting them with new buyers, suppliers, and investment opportunities.It is an opportunity to learn from expert speakers with new ideas and inspiration. At the expo, attendees/exhibitors connect with a vibrant trade, export-import community and get the tools to advance in their businesses.
As the only B2B Trade Show, Conference & networking event in the margins of the UN General Assembly in NYC, It is a B2B matchmaking with a potential investor, franchisor, or partner. During this weeklong event, attendees have access to relevant vendors, resources, tools, products, & services.
As the Regional Director of the Bergen County Small Business Development Center (SBDC), Vincent J. Vicari has leveraged his private and public sector successes to lead the New Jersey Small Business Development Center to address not only the growth of small businesses in NJ but also to share them with the world.
A lifelong student and entrepreneur, Mr. Vicari continues to share his knowledge base with education in land surveying, tax, technology, and international trade with hundreds of businesses across the region and the country.
By increasing the profile of the SBDC through private and public industry stakeholders to bring businesses to NJ, Vicari’s passion for his home state is evident. The outcome of these strategies is an expansion of the service area for the SBDC due to increased funding partner awareness and reliance, industry referrals, and client attraction. “It is the staff of the local centers and the support of a central headquarters which provides the foundation of a successful center and to serve citizens of New Jersey from the SBDC vantage point, and to be selected for State Star is an honor”, Vincent Vicari.
If you are thinking about growing your business in NJ or the surrounding states or expanding to Africa, the team at the SBDC is here to help. If you would like to attend the Business Week, please go this site to get your free tickets: https://www.usafricabusinessexpo.com/
To learn more about what Vince and his team at the NJ SBDC can do for you, please visit their website: https://njsbdc.com/
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