This year, as part of the yearly conference program, the Transatlantic Entrepreneur Partnership (TEP) is hosting the NYC International Day in Brooklyn.
It has become clear that in a globalized world broader international entrepreneurship is a boon for city economies. However, starting in a new city is still challenging. That is why TEP is hosting this discussion on international expansion – to begin a dialogue on how to bring the international community closer together and how to enable local chambers of commerce and consulates to better tap into NYC’s resources.
A recent study by McKinsey Global Institute highlights a noticeable shift in the face of globalization in recent years toward cross-border exchange of knowledge-based and creative services. “Whereas it used to be money and low-cost production that jumped across borders, now ideas and services are following suit courtesy of the internet,” according to the Financial Times.
Due to this increased exchange, cities must work even harder to keep up with innovation and remain globally competitive. Keeping a fresh flow of ideas is crucial to keeping industries such as tech and manufacturing vibrant and growing. One of the best ways to do this is by encouraging outside talent to come to the city and settle there.
It is important that city governments remain involved in order to fully take advantage of the new economic opportunities offered by this increase in cross-border business flow. Implementing smart policies to encourage international entrepreneurism and idea exchange is imperative.
The NYC International Day brings together a variety of speakers to discuss the promising opportunities for cities, with perspectives from the UN, the New York City Economic Development Corporation, and several international startups.
The aim is to bring the international entrepreneur community closer together, learn from best practices around the world, and start a dialogue about supporting growth in Berlin, New York, and abroad.
To see the agenda and register for the event, visit eventbrite and sign up.