SelectUSA 2022 Preparation A Visit with Stephen Cheung, Los Angeles County EDC and WTC Los Angeles
Link to podcast found HERE Transcript to podcast found below: Bill : Hi, and welcome to the next episode of belly to belly and today we’re going to talk about preparing for select USA. And we’re joined by Stephen Cheung from the LA Economic Development Corporation. So welcome Steven. Steven : Thank you so much for having me, Bill. Bill : It’s wonderful to have you and so, you know, LA, DC does so much great work to help drive the Los Angeles economy. You have a particular effort to help international companies coming into the LA region. Can you talk through some of the services that you offer to companies coming into the US and particularly LA? Steven : Sure. When people look at Los Angeles, sometimes they are overwhelmed by our size, especially international companies that when they think of Los Angeles, they usually think of Hollywood, Hollywood traffic and Hollywood. And what they don’t realize is that we’re home to about 10 point 2 million people just in LA County alone, and they’re at different cities within Los Angeles County. Most most folks when they think of Los Angeles they think of one city Los Angeles City, which is a great city of 4 million people but they already know about other great cities like Santa Monica, Beverly Hills, Pasadena combined together, you have 10 point 2 million consumers located in one single location and our industry so so diverse. Were the really international trade center when it comes to trade and logistics because we have the Port of Los Angeles and the Port of Long Beach and number one, the number two container ports in North America. We have a huge aerospace and defense sector, bioscience sectors, clean tech sector, all these other sectors that folks don’t know about. That’s our job with LA, DC. We help them understand the markets that they can go into, and also the complexities between all the various jurisdictions and the municipalities. So between the world trade and Los Angeles as well as the LA, DC, which by the way, the World Trade Center is a component of LA, DC where the international trade arm of LA, DC combined together we provide education information that’s necessary for these international companies to understand how to do business in Los Angeles, and we connect them to our partners so in short, our motto is very simple. We attract, we educate and we connect, we attract the types of companies we want to bring to La we have to understand Los Angeles and then we connect them with the right partners so that they can be successful and entering the markets. Bill : Oh, that’s brilliant, what a great summary and you know, thinking about the companies that are listening to our podcasts, you know, they’re really interested in understanding the US and sort of so many is, you know, think of San Francisco and they think, you know, Silicon Valley, and they think of New York, and so giving them exposure to you know, all the other great regions of the country and certainly LA is just a massive opportunity with such a great intermodal port and all the all the wonderful high tech industries that are there, um, you know, select USA, you know, LA EDC has been participating in for years, what it can you know, again, thinking of our audience, what is it that you particularly find attractive about Select USA in terms of connecting with companies? Steven : Well, it’s a great location, a great forum for us to be able to meet international participants from all over the world, not just the companies but also their government representatives as well. At the same time it becomes a very great forum for us to meet other EDOS around the nation to see how we can best learn from each other. There are a lot of synergies that are there that sometimes because of a geographical location, we’re not able to connect as closely and sometimes we see that we’re aligned. For example, we actually worked very closely with our friends over in San Francisco and San Diego, but usually, we don’t really get a chance to work with our California partners, except that Select USA. So this is both an opportunity for us to work with domestically as well as internationally to make sure that we’re connecting with the right partners to plan out our strategies and our work for the next few years. Bill : Oh, that’s really cool. And I’m thinking about Select USA. One of the features that many companies may not know about are their spin off events and you’re hosting a spin off event. Do you want to give us some highlights as to kind of when your spin off event is and what some of the features and who should be coming to your spin off event? Steven : Sure. We’ve actually been doing this enough events for many many years now and this partnership with Select USA and what we want to do at the beginning when we first created this spin off events about seven years ago as really highlights the importance of attending Select USA, and we saw that a lot of our partners that are coming into the United States to go to Select USA will have to transfer planes anyways and most of them are actually doing it at LA. So why not create a separate event that is free actually to all international visitors coming to Los Angeles so that we could becomes an additional incentive for them to go to Select USA. So we work with a Select USA team as well as Department of Commerce to ensure that we attract the right types of companies that are wanting to learn about the Los Angeles market. And our select LA Investment Summit this year is going to be on June 22 And June 23