[Best_Wordpress_Gallery id="2" gal_title="March International Outreach"]
March was a busy four weeks for the Maryland Department of Business and Economic Development (DBED), especially within the Office of International Investment and Trade (OIIT).
With the month coming to a close, the International team recaps its recent outreach efforts aimed toward promoting Maryland in the global marketplace.
SelectUSA Summit
Hosted by the U.S. Department of Commerce, the SelectUSA Investment Summit highlights America as the prime location for business and investment. This year's conference attracted more than 2,600 people from 70 different markets, as well as economic development organizations, government officials, and investors from across the country.
In addition to showcasing Maryland during the conference, DBED teamed up with Prince George's County to host a reception for the State's economic development community and potential foreign prospects. Governor Larry Hogan was on hand to welcome the evening crowd.
"Our goal is to attract foreign investors to establish operations in Maryland, create jobs, and grow business in our state," said Signe Pringle, Program Director of OIIT. "SelectUSA is designed to attract investors from all over the world – and it provides Maryland with the opportunity to show off the advantages it has to offer."
Chinese Investment Showcase
DBED and Lt. Governor Boyd Rutherford hosted a delegation of senior executives from Chinese companies to showcase Maryland's assets and available opportunities for investment. Over 10 Chinese companies attendedall of which are considering establishing a U.S. presence.
Did you know? Maryland and China have a particularly strong business relationship, even though Maryland borders the Atlantic while China is a Pacific country. China is Maryland's 3rd largest export market and 2nd largest import origin market.
Indian MOU signings
DBED also held roundtable discussions between Maryland businesses and a delegation of 28 Indian companies, while presenting investment opportunities within the State. Additionally, Secretary Mike Gill signed MOUs with the Indo-American Chamber of Commerce and the US-India Investor's Forum to strengthen Maryland's relationship with India.
The MOUs establish a collaborative relationship between the State and the two Indian business organizations while encouraging the increase of trade and investment between the regions. India presents Maryland with multiple opportunities for new partnerships and investments, particularly in the biosciences, pharmaceuticals, and more.
