Greater Baltimore Committee President and CEO Donald C. Fry and other members of Baltimore’s Global Cities Initiative Exchange team presented Greater Baltimore’s Metro Export Plan to the Brookings Institution in Salt Lake City July 20-22.
The Baltimore team laid out its market assessment, which was developed after months of research, survey and interviews, setting out a framework to increase export activities particularly for small and middle sized companies.
The team presented directly to cohorts from Seattle and St. Louis. Baltimore and St. Louis had many common market factors and challenges and collaboration may prove to be useful in developing best practices. The team’s presentation was received favorably and resulted in lively discussion of Baltimore’s economic make up.
Earlier this year Baltimore joined the economic development network created by the Global Cities Initiative, a five-year joint project of the Brookings Institution and JPMorgan Chase.
Launched in 2012, the Global Cities Initiative helps business and civic leaders grow their metropolitan economies by strengthening international connections and competitiveness. GCI activities include producing data and research to guide decisions, fostering practice and policy innovations, and facilitating a peer learning network. This network, the Global Cities Initiative’s Exchange, assists metropolitan areas as they develop plans to achieve sustainable growth, first addressing exports and then foreign direct investment. Baltimore will start its involvement in the Exchange by developing a metropolitan export plan in 2015.
Baltimore was one of eight metro areas accepted to the GCI Exchange’s 2015 group, the final cohort of the 28-metro-area network. The Brookings Institution selected metro areas for the Exchange through a competitive process based on their readiness and commitment to pursue the Exchange’s global competitiveness principles.
In addition to Baltimore, the members of the cohort include Fresno, Calif.; Houston; Kansas City, Mo.; Philadelphia; Salt Lake City; Seattle; and St. Louis. They join Atlanta; Charleston, S.C.; Chicago; Columbus, Ohio; Des Moines, Iowa; Indianapolis; Jacksonville, Fla.; Los Angeles; Louisville-Lexington, Ky.; Minneapolis-Saint Paul; Milwaukee; Phoenix; Portland, Ore.; Sacramento, Calif.; San Antonio; San Diego; Syracuse, N.Y.; Tampa Bay, Fla.; Upstate S.C. representing the Greenville-Spartanburg-Anderson CSA; and Wichita, Kan., to share best practices as they create and implement their global trade and investment strategies.
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