If you would like to market your company or become more involved in the Council, please contact the BABCNE office at babcne@comcast.com.
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The BABCNE is grateful to:
Kate Walsh, editorial assistance
Ashley Fontes, newsletter design
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BABCNE Contact Info:
Lewis Wharf, Suite 523
Boston, MA 02110
Tel: 617 720 3622
Fax: 617 720 4331
Email:
babcne@comcast.net
Web:
www.babcne.org
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Welcome to the BABC-New England Newsletter
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| From the Executive Director
Some good news on exports. Massachusetts ranked 14th in the US, and first in NE, with $26.3 billion in international exports in 2010. This represents an 11.3 percent increase from the previous year's export value, while national exports increased by 21.0 percent. Total exports from NE also grew 17.5 percent, indicating a positive trend.
- Computer and electronic parts accounted for most of the exports coming in at 28.5%, the least being electrical equipment, appliances, and component at 2.1%.
- The top five export destinations in 2010 were (in order): the UK, Canada, China mainland, Japan, Germany.
- The UK was our top trading partner in 2009 and 2010 and replaced Canada, our top trading partner in 2008.
Source: Boston Redevelopment Authority more
MassBenchmarks - economic and social data source more
This newsletter and the BABCNE fall calendar, are focused on helping you grow your company by providing business intelligence and networking opportunities. Make your fall event reservations now
We will also be sharing some pointers on marketing your company through social media and preparing for a trade mission which are proven ways of expanding your business outreach. We encourage you to check the BABCNE Resources section of our website, which provides a wealth of useful links for those engaged in US/UK trade initiatives.
Also listed are the UK delegations coming to Boston, organized by UK Trade & Investment, British Consulate General, and a list of US trade shows to be held here in the fall, to help you plan your marketing strategy.
Is your company organizing an event that may be of interest and help to fellow members? Or have job openings? Let the BABCNE office know and we will share the information.
We look forward to welcoming you soon.
With best regards,
Urszula Wojciechowska
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Recent News
Investment report reveals UK strengths A report by UK Trade & Investment shows that companies investing in the UK are staying, growing and succeeding. You can find out more about what makes the UK the number one destination in Europe for business in the UK Inward Investment Report for 2010/11. UK manufacturers report healthy order books - CBI survey UK manufacturers expect further output growth in the coming quarter, according to the Confederation of British Industry. more Tech City In November 2010, Prime Minister David Cameron announced plans for 'Tech City' which will be Europe's largest technology hub occupying East London's 2012 Olympic space following the games. Thus far, Tech City has several partners committed to developing the technology hub such as Google, Facebook, Twitter and Intel. These companies will have a presence within the hub while companies such as BT and Barclays are also taking part in developments. Additionally, the Technology Strategy Board has been accepting applications from competing digital startup companies to provide £100,000 to ten successful applicants. Due to the high volume of impressive applications, the original budget of £1,000,000 has been increased to £2,000,000. This latest budgetary increase for small businesses proposes to fulfill Mr. Cameron's goals of supporting innovative companies of tomorrow and creating new, sustainable growth in the UK. more The Duke & Duchess of Cambridge support British Business 
The newlyweds have gone straight to work promoting Britain's tech and show business scenes and finding new ways of developing jobs in America and Britain. Following their trip to Canada, William and Catherine flew to Los Angeles where they attended a reception hosted by UK Trade and Investment, British Consulate General, and were welcomed by the UK Ambassador to the US, Sir Nigel Sheinwald. As part of their three-day trip to the US, they first visited the New Media Summit where the couple viewed the technology on display such as the HP TouchPad, on which William is said to have Googled Birmingham's football club, Aston Villa. They also attended the inaugural BAFTA "Brits to Watch" event at the Belasco Theatre. Interview with the Ambassador Sir Nigel Sheinwald, the UK Ambassador to the US, recently spent some time speaking with the Huffington Post to discuss the "extraordinarily effective alliance" between the two nations. Sir Nigel reflected on both the cultural and political relationship that has been forged over the past two centuries. Leaving his post as UK Ambassador to the US, Sir Nigel and his family are due to return to England in January 2012. more London 2012 Olympics - looking for business opportunities? In a special cermoney on July 27, in Trafalgar Square, Her Royal Highness, The Princess Royal with Lord Sebastian Coe, London 2012 Organizing Committee Chair, unveiled the 2012 Olympic medals to mark the 'one-year to go point'. With only twelve months till the opening ceremonies, there is still much work to be done with over £700,000,000 in contracts to be awarded. Companies interested in contributing to the 2012 Olympics can find possible opportunities through CompeteFor, a free service outlining opportunities for new business for both the Olympics and after. more Update on the London 2012 Olympics more Paralympic Games Ticket applications open for the London 2012 Paralympic Games on September 9, 2011. To help you plan your Games experience, we are providing the link for full competition schedule and tickets. |
Social Media
The Use of Social Media in Marketing Get tips on how to optimize success on your next trade mission from Wallwork Curry McKenna's Richard McKenna. more BABCNE Social Media To continue networking with BABCNE colleagues between events, join the BABCNE groups on LinkedIn and Facebook. Also follow us on Twitter. Links are located on the left-hand side. |
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Trade Missions
Following the very successful trade mission to London and Cambridge, UK, in March, led by Massachusetts Governor Deval Patrick and follow-up business forum and reception at the State House in June, organized by the British Consulate General, Boston, we thought you may find it of interest to learn how to make the most of the opportunities trade missions present to companies looking for new markets. Dr. Phil Budden, HM Consul General and BABCNE President Richard Sotell attended the London/Cambridge mission, while BABCNE Director Richard McKenna, attended the mission to Liverpool. Richard shares some thoughts below.
Mr. McKenna Goes to Liverpool
Trade missions can help expand your professional network during these difficult economic times. Get tips from Wallwork Curry McKenna's Richard McKenna on how to optimize success on your next trade mission. more
Boston, Liverpool build ties
Cities form kinship with opportunities for businesses By Kevin Cullen, Globe Staff more |
Resources to help companies grow
BABCNE Resources
Utilize the BABCNE Resources page to find appropriate links to learn about government offices, business associations and trade contacts, cultural and travel information, as well as news and general information regarding both the US and UK. more
Want to market your company to fellow members?
Post a special offer on the BABC network website, which reaches over 10,000 executives involved in transatlantic trade. more
Did you know that members have access to a variety of business information databases at a highly discounted rate, including Amadeus and Icarus. more
Thinking of bringing over trainees from the UK?
The BABC members have access to the J1 Visa Program which provides an expedient, cost-effective way for member companies to bring qualified executives into the US for up to 18 months of training and work experience. more
BABC Policy Committee
As well as maintaining an active policy program to promote its members' policy interests with the US and UK Governments, the BABC issues updates to all member companies on key US, UK and EU policy issues through its Policy Focus.
If you have concerns/issues that you would like the Policy Committee to look at, please contact the BABCNE office.
Recent committee actions and policy reviews
BABC Network Investment News
This monthly summary of US/UK economic data, investment indicators and recent investments in the US/UK, can be viewed on our website.
more
Latest summaries: UK
- Gross domestic product (GDP) grew by 0.5% in the latest quarter, unrevised from the growth previously published. GDP in the first quarter of 2011 is now 1.8% higher than the first quarter of 2010.
- CPI annual inflation was 4.5% in April 2011, up from 4.0% in March. In the year to April, RPI annual inflation was 5.2%, down from 5.3% in March.
- Output price annual inflation for all manufactured products rose 5.3% in April 2011. Input price annual inflation rose 17.6% in April, compared with a rise of 14.8% in the year to March.
- In the first quarter of 2011, annual inflation for the aggregate of selected services producer price indices (SPPI) rose 2.9% compared with a rise of 2.7% in the fourth quarter of 2010.
- Year on year, output of the Service sector for March 2011 rose 1.0% compared with March 2010.
- Year on year, overall production output in March 2011 was 0.7% higher than in March 2010.
- Total manufacturing output increased by 2.7% in March 2011 compared to the same month a year ago.
Latest Summaries: US
- Real GDP grew at an annual rate of 1.8% in the first quarter of 2011. This follows a growth rate of 3.1% in the fourth quarter of 2010.
- Corporate profits grew 2.3% in the fourth quarter of 2010 and 29.2% in 2010 overall.
- Personal income increased $38.1 billion, or 0.3%, and disposable personal income (DPI) increased $36.0 billion, or 0.3%, in February 2011. Personal consumption expenditures (PCE) increased $69.1 billion, or 0.7%.
- The March 2011 international trade deficit grew 6.0%, to $48.2 billion. Exports rose by 4.6%, to $172.7 billion. Imports increased 4.9%, to $220.8 billion.
- The U.S. current-account deficit decreased to $113.3 billion, or 3.1% of GDP in the fourth quarter of 2010, down from $125.5 billion in the third quarter of 2010, or 3.4% of GDP.
UK Trade & Investment, British Consulate General, will be glad to help you if you are looking to expand or do business in the UK.
Contact: Kirsten Chambers, Consul and Head of Trade & Investment
Kirsten.chambers@fco.gov.uk 617.245.4509 |
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Immigration Update
By Steve Clark, Flynn & Clark, P.C. (Cambridge, MA)
Immigration's War on Small Business: Can We Have an Immigration Stimulus Package?
We all know that small businesses create the lion's share of our jobs and that immigrants outstrip their US counterparts when it comes to founding successful small businesses. more |
Save the date! Market your company at this special event 25th Anniversary Christmas Luncheon Friday, December 2, 2011 The British American Business Council of New England, Inc. presents its annual Christmas extravaganza. This fun filled venue enables members, guests and the British community in New England, to gather together and enjoy a traditional British holiday gathering. There will be entertainment, a raffle and gifts for all. This is the major fund-raising event of the BABCNE and helps our efforts to promote and develop transatlantic business and cultural relationships between NE and the UK. Fun at the Cayman Islands - last year grand raffle prize winner, Andrew Cockerill of BP. 
Our thanks to the Coral Stone Club & American Airlines for their support Companies are invited to consider promoting themselves by becoming a sponsor or donating a prize for this enjoyable event, eagerly anticipated by the business community. Please contact Urszula at the BABCNE office for details ASAP. Sponsorship opportunities Raffle donation form more Sponsors to date: 
Last year's sponsors & prizes Time: Reception 11:30a.m. - 12:15a.m., Festive luncheon: 12:30p.m. - 2:30p.m. Location: Harvard Club of Boston, 374 Commonwealth Avenue, Boston Reservations Corporate table of 10, $1,500; individual reservation, $175. There are only 30 tables available. These sell quickly, so early reservations are advised. Full payment is a MUST by November 21 to guarantee your reservation. Names of guests are requested before the Thanksgiving holiday. Regrettably, no refunds, but names of guests can be substituted. 
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Trade delegations from the UK Organized by the British Consulate General, Boston Health in Aging October 24 - 27, 2011 Three to four day Boston visit to participate in a signature Health in Aging Congress, with options to participate in the MassMedic Medtech Investors Conference and/or Boston World Health Forum Potential for company pitches to New England Venture Capitalists, bespoke meeting programs with potential partners and collaborators, tailored receptions and networking opportunities. Interested in learning more? Contact: Anne Avidon, Vice Consul Anne.Avidon@fco.gov.uk 617.245.4573 Clean tech First week of November, 2011 UK Trade and Investment, British Consulate General, is hosting a clean tech trade mission to coincide with Massachusetts Global Clean Energy Week. Delegates will participate in the 7th Massachusetts Clean Energy Conference on November 1 and engage with policy and business officials to strengthen and build clean tech commercial relations. Contact: Rob Dietel, Vice Consul rob.dietel@fco.gov.uk 617.245.4507 Homeland Security November 14 - 18, 2011 Three day Boston program to coincide with the IEEE International Conference on Technologies for Homeland Security. In partnership with the Mass High Tech Council and its Innovation Access Network UK Trade & Investment will provide matchmaking and partnering services for all delegates. Contact: Anne Avidon, Vice Consul Anne.Avidon@fco.gov.uk 617.245.4573 |
Upcoming Trade Shows in Boston
BioPharma
September 7 - 9, 2011
4th Annual International Partnering Conference BioPharma America 2011
Westin Boston, Boston, MA
more
September 21 - 22, 2011
Predictive In Vitro Models
Double Tree Suites Hilton, Boston, MA
more
November, 7 - 8, 2011
Infectious Diseases World Summit
Omni Parker House, Boston, MA
more
Clean Tech
September 27 - 28, 2011
3rd Annual Water Innovations Alliance Conference
Seaport World Trade Center, Boston, MA
more
Financial
September 21-23, 2011
Endowment & Foundation Forum
Boston Marriott Long Wharf, Boston, MA
more
October 12, 2011
Women Advisors Forum
Colonnade Hotel, Boston, MA
more
November 1 - 3, 2011
2001 Governance, Risk Management and Compliance Summit
Hilton Back Bay, Boston, MA
more
November 6 - 9, 2011
AFP Annual Conference
Boston Convention And Exhibition Center, Boston, MA
more
Homeland Security
November 15 - 17, 2011
2011 IEEE Conference on Technologies for Homeland Security (HST '11), Westin Hotel, Waltham, MA
more
Pharmaceutical
September 19 - 21, 2011
15th Annual eClinical Integration Summit
Seaport Hotel and World Trade Center Boston, Boston, MA
more
September 19 - 21, 2011
4th Annual BioRepositories 2011
Seaport Hotel and World Trade Center Boston, Boston, MA
more
September 19 - 21, 2011
9th Annual Central Labs
Seaport World Trade Center, Boston, MA
more
September 19 - 21, 2011
The Cell Therapy Commercialization Summit
Seaport World Trade Center, Boston, MA
more
September 19 - 21, 2011
Clinical Business Expo
Seaport World Trade Center, Boston, MA
more
September 19 - 21, 2011
3rd Annual Business of Biosimilars & Biobetters
Seaport World Trade Center, Boston, MA
more
September 20 - 21, 2011
8th Annual Project & Portfolio Management for the Drug & Device Industry
Sheraton Seaport, Boston, MA
more
October 3 - 4, 2011
Pharmaceutical Competitive Intelligence and New Product Planning Conference
more
November 2-3, 2011
6th Annual Digital Innovation in Pharma Summit 2011
The Radisson Boston, Boston, MA
more
November 2 - 4, 2011
Discovery on Target - Novel Drug Targets
Park Plaza Hotel & Towers, Boston, MA
more
November 9 - 10, 2011
Drug Development Boot Camp
The Harvard Club, Boston, MA
more
November 15 - November 16 2011, Boston, MA
Biomarker Applications for Improved Clinical Trial Outcomes
Hilton Boston Back Bay, Boston, MA
more
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