Senior Officials from the Western Hemisphere to Visit Innovation and Entrepreneurship Hubs throughout Central Texas
AUSTIN, TX - April 4, 2017 - The City of Austin’s Economic Development Department will host 51 high-level representatives from 27 countries participating in the Seventh Americas Competitiveness Exchange (ACE) on Innovation and Entrepreneurship on April 7.
ACE brings together decision-makers from throughout the Western Hemisphere and other nations to explore global and regional partnerships and economic development opportunities that will strengthen innovation and entrepreneurship in the region. The tour is sponsored by the U.S. Department of Commerce International Trade Administration (ITA) and Economic Development Administration (EDA), in coordination with the Organization of American States (OAS) and the U.S. Department of State.
While visiting Austin on April 7, the group will learn more about Austin’s creative and entrepreneurial ecosystems; Smart Cities clean technology initiatives; and the MedTech Innovation District, in addition, the group will tour public-private partnership projects, Seaholm redevelopment and SoundCheck at Austin Film Studios, led by the City of Austin’s Economic Development Department.
“Austin’s creative, startup and innovative ecosystems are essential keys to the city’s unique and distinctive identity - these approaches and subsequent collaborations are what drive economic change and advancement in our city,” said Kevin Johns, Director of the City's Economic Development Department. “We look forward to the discussion and learning more about opportunities for global partnerships.”
The delegation will also tour advanced manufacturing, bioscience, cybersecurity, life sciences, disaster recovery and resiliency, and IT in cities ranging from small towns like New Braunfels, Fredericksburg, and San Marcos to major metropolitan areas like San Antonio, College Station, and Austin.
“ACE is a proven vehicle for showcasing the incredible innovation capacity of U.S. regions and for establishing global commercial relationships and Foreign Direct investment (FDI) partnerships that can boost business development and job growth in the United States,” said Dennis Alvord, EDA Deputy Assistant Secretary for Regional Affairs. “We look forward to spotlighting the great work being done to advance the innovation economy in Central Texas and the work that the Department of Commerce is doing in the region to support their efforts.”
About the U.S. Economic Development Administration (www.eda.gov)
The mission of the U.S. Economic Development Administration (EDA) is to lead the federal economic development agenda by promoting competitiveness and preparing the nation's regions for growth and success in the worldwide economy. An agency within the U.S. Department of Commerce, EDA makes investments in economically distressed communities in order to create jobs for U.S. workers, promote American innovation, and accelerate long-term sustainable economic growth.
International Trade Administration (www.trade.gov)
The International Trade Administration (ITA) is the premier resource for American companies competing in the global marketplace. ITA has more than 2,200 employees assisting U.S. exporters in more than 100 U.S. cities and 75 markets worldwide.
About the City of Austin Economic Development Department (www.austintexas.gov/ecodev)
The City’s Economic Development Department (EDD) develops and leads innovative programs that increase the prosperity of all Austinites, our businesses, and our diverse communities.