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Blog Entries from February 8, 2011

Kent Displays: Trade Mission to India Working for Companies of All Sizes!

Dr. Al Green, CEO of Kent Displays

Guest blog post by Dr. Albert Green, CEO of Kent Displays. 

Ed note: Founded in 1993, Kent Displays, Inc. is a world leader in the research, development and manufacture of Reflex™ No Power LCDs for unique, sustainable applications including electronic skins, writing tablets, smartcards and eReaders. Improv Electronics was formed in 2010 as the consumer products subsidiary of Kent Displays. 2010 sales of its first product, the Boogie Board™ LCD Writing Tablet, exceeded forecast by 10 times. Its paperless LCD technology represents a significant opportunity to reduce global paper consumption for everyday tasks such as memos, reminders, to do lists, sketching and other writing and drawing activities.

Kent Displays is honored to be a representative on this trade mission to India. It’s only a few days into the mission, and the benefits of participating are already immeasurable. I cannot begin to express my gratitude to the U.S. Commerce Department and Secretary Gary Locke for organizing the trip and selecting Kent Displays for the business delegation.

Going into the trade mission, Kent Displays had limited focus on the India market. We considered a greater focus in the past, but decided that the upfront exploratory effort to “get the ball rolling in India” would require a commitment beyond our available resources.

By participating in the mission, we hope to gain a better understanding of its business, government and consumer dynamics. We also expect to establish relationships with business and government leaders that would help identify immediate and future business opportunities. In the final analysis, this mission is the impetus for convincing us that now is the time to explore business possibilities in India. 

Black-Owned Businesses Outpace Growth of Non-Minority-Owned Businesses

Today the Commerce Department’s Minority Business Development Agency (MBDA) and U.S. Census Bureau released new data from the U.S. Census Bureau’s 2007 Survey of Business Owners showing that the number of African American-owned firms in the United States increased by 60.5 percent between 2002 and 2007 to 1.9 million firms. African American-owned businesses also drove job creation over the five-year period, with employment growing 22 percent, exceeding that of non-minority-owned businesses.

“We are encouraged by the overall growth of the minority business community, including African American-owned businesses, but we still have a lot of work to do,” said MBDA National Director David A. Hinson. “Creating new businesses and new jobs on a path to entrepreneurial parity in size, scope and capacity is our primary goal.”

While minority-owned firms are experiencing substantial growth, African American-owned businesses still only represent 7 percent of all classifiable firms but 12 percent of the adult population. MBDA works to promote the growth and global competitiveness of minority businesses, so they are better equipped to create jobs, boost their local economies and compete in the global marketplace. 

Find out more about African American-owned businesses.

Next stop: Bangalore to Inaugurate the U.S. Pavilion at Aero India and Visit Hindustan Aeronautics Ltd’s Facilities

Locke and And Ambassador Roemer in HAL helicopter

Today Secretary Locke flew to Bangalore for the second stop of his high-technology business development trade mission to India.

Locke’s first stop on his visit was Hindustan Aeronautics Ltd.’s (HAL) facilities. HAL is one of Asia’s largest aerospace companies, employing approximately 34,000 people with roughly $2 billion in annual revenue. The company has partnered with leading U.S. aerospace manufacturers – Boeing, Honeywell, and Lockheed Martin – on several projects. The U.S export content value for HAL is $40 to $50 million dollars annually with hundreds of millions in future export opportunities.