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BREAKING NEWS: Statement on UK Election Results

British-American Business Council (BABC) Statement on the 2017 UK Election Result

The next UK Government is charged to deliver one of the greatest political and legislative challenges of our time: Defining a new relationship between the United Kingdom (UK) and the European Union (EU).

Our network represents 22 chapters in major cities throughout the US, UK and Canada, including major British and leading American firms, the latter accounting for the largest source of Foreign Direct Investment (FDI) in the UK. The majority of transatlantic businesses wished to see the UK remain a part of the EU – the world’s largest trading block. Transatlantic business therefore has a huge stake in the outcome of Brexit negotiations. In the light of the British people’s decision we are committed to help building a fair, competitive and global Britain, in partnership with the EU and other countries in the world.

Delivering clarity on Brexit negotiations

To ensure that the UK remains an attractive place to live, work and invest in, it is imperative that the new UK Government delivers clarity as to when and how it wants to proceed with the Brexit negotiations. Any outcome of the negotiations needs to ensure that it supports British business’ trade in goods, services and data flows, secures US investment and investment-related jobs in the UK and creates the conditions that promotes the UK as an attractive destination for investment going forward.

The BABC appreciates the previous UK Government and Departments efforts in addressing our transatlantic business’ concerns and priorities. Now, with the first negotiation round in sight, we urge the new Government to show its promised openness to find practical, reasonable solutions to the complexity of issues that Brexit entails, and sufficient time for businesses to adjust. Our overall call for the new UK Government remains that the period of uncertainty needs to be as short as possible.

Ensuring a strong and sturdy UK economy now and post-Brexit

A strong UK economy is important for business, workers and consumers; and it is a crucial factor in ensuring a strong role for the UK during the negotiations with the EU.

The next Government’s objective needs to create an even more competitive business environment, particularly through a smart and encouraging tax system, investment in infrastructure, an immigration system that allows our companies to attract the skilled talent they need, and a focus on trade and investment and the delivery of a comprehensive Industrial Strategy, among others.

US-UK Economic Relationship as a source of strength and opportunity

The UK-US economic relationship stands for unparalleled business ties across the Atlantic. The US is the number one export destination for the majority of UK regions and nations. UK firms continue to grow and expand into the US. US firms employ more than one million workers in the UK.

There has never been a better opportunity to relaunch and strengthen the UK-US economic relationship as a source of strength and opportunity. We are excited about the shared commitment expressed by the political leaders to explore future options of further economic integration.

Even during the complex Brexit negotiations, much can be done to offer more opportunities for UK and US firms in each other’s markets. We encourage the next UK Government to continue efforts to open a formal dialogue on the future of the UK-US trade and investment relationship; meant to provide short- and mid-term options that can help to foster UK-US trade in goods and services, too deepen investment, and to explore options for formal trade arrangements in the future that can work in partnership with the EU and other countries.

British-American Business Council (BABC):

The British-American Business Council (BABC) is the largest transatlantic business network, with 22 chapters in the UK, US and Canada, and over 2,000 member companies based in major business centers throughout North America and the United Kingdom. Its membership includes many of the world’s largest multinationals, as well as hundreds of middle market and smaller companies.

The Secretariat as well as the Policy and Trade support for the BABC is being provided by BritishAmerican Business (London).

 

 

 

 


2017 International Soccer Night

On Wednesday, May 17, 2017 the British American Business Council of Greater Philadelphia teamed up with the Chilean, French and German American Chambers of Commerce for International Soccer Night at Talen Energy Stadium in Chester, PA. More than 50 attendees gathered on the deck overlooking the beautiful stadium and river for networking, food and drinks.  The evening was perfect – the sun was shining and it was warm and breezy.  And, Union earned their third win, ending in 2-0 against Houston.

Before guests were escorted to their reserved stadium seats, BABC sponsor companies, TD Bank, N.A., Pepper Hamilton LLP and Johnson, Kendall & Johnson as well our hosts from the Philadelphia Union spoke briefly about their businesses. Jane Rosenberg, Executive Director of the BABC of Greater Philadelphia welcomed guests, thanked the partnering organizations, and introduced the sponsors.

Todd Sturza, Managing Director for TD Securities spoke on behalf of TD Bank. Todd has been an active BABC Club Level and Board Member for the past ten years.  He has 25 years of experience in corporate and investment banking, and has spent the past nine years at TD.  TD Bank is one of the 10 largest banks in the US, with approximately 26,000 employees and deep roots in the community dating back more than 150 years. The Bank offers a broad array of retail, small business and commercial banking products and services to more than 8.5 million customers through its extensive network of approximately 1,300 locations.  In addition to banking products, TD Bank and its subsidiaries offer customized private banking and wealth management services.  TD Bank is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America.

Jay Jumper, Partner at Pepper Hamilton, in the Berwyn office spoke on behalf of the Firm. Jay is a member of Pepper’s Corporate and Securities and Life Sciences practice groups and a member of the steering committee of the Firm’s Emerging Growth Group.  His practice is focused on mergers and acquisitions, public and private securities-related transactions, and general corporate matters.  Pepper is one of the founding members of the BABC.  Pepper Hamilton is a multi-practice law firm with more than 450 lawyers nationally.  The firm provides corporate, litigation and regulatory legal services to leading businesses, governmental entities, nonprofit organizations and individuals throughout the nation and the world.

Michael McGuire, Account Executive from Johnson, Kendall & Johnson (JKJ) participated on behalf of the company. Michael has been with JKJ for two years, and has been tasked with developing new client relationships both abroad and domestically.  JKJ has been a corporate member of the BABC for several years.  JKJ is an insurance brokerage and risk management firm located in Newtown, PA, that has been managing corporate and personal needs for more than 60 years. JKJ’s personalized services in property and casualty insurance; risk and safety management services and claims consulting; group benefits; individual life, home and asset protection program development; financial services; and retirement planning allow JKJ clients to focus on their respective business while JKJ provides direction in managing the risk.  The Company is licensed in various lines of business in all 50 states, with access to all of the major insurance markets. In addition, JKJ is the founding board members of RiskProNet International and UNiBA Partners international insurance brokers. These organizations support JKJ and one another’s ability to work with and provide dedicated services to international clients, and conduct various business lines in all 50 states, with access to all of the major insurance markets.

Carl Cherkin, Vice President of Business Relations & Communications with Philadelphia Union was our last speaker.   Since the stadium opened, Philadelphia Union has been a steadfast friend to the BABC – we have hosted numerous events with them, and they have always offered coveted branded gear and tickets to games throughout the year.  Carl has been on staff with Philadelphia Union from the very beginning.   He originally joined the club in 2009, as VP, Public Relations and helped guide the successful launch of the 16th team in MLS, in one of this country’s most competitive sports environments.  Carl spoke about Philadelphia Union’s history and development.  Philadelphia was awarded Major League Soccer’s 16th team on February 28, 2008. The combination of extensive grassroots support spearheaded by the Sons of Ben and a public/private partnership between Philadelphia Union, the State of Pennsylvania, Delaware County and the City of Chester enabled the construction of a state-of-the-art soccer stadium and convinced MLS that the Philadelphia region deserved a soccer team.   On March 25, 2010, Philadelphia played its first ever match, a 2-0 loss to Seattle Sounders FC.  On April 10, 2010, the club’s Inaugural Home Opener, Philadelphia notched the first victory in team history beating D.C. United 3-2 in front of 34,870 fans.

The stadium is a magnificent place, and the international business community enjoyed a perfect evening. The weather was ideal, networking food and drink flowed freely and the Union won!  Special thanks to sponsor companies TD Bank, N.A., Pepper Hamilton, LLP and Johnson, Kendall & Johnson for sponsoring the evening.

View event photos here.


UK Prime Minister’s Statement on the Attack in Manchester

I have just chaired a meeting of the Government’s emergency committee Cobr, where we discussed the details of – and the response to – the appalling events in Manchester last night.

Our thoughts and prayers are with the victims, and the families and friends of all those affected.

It is now beyond doubt that the people of Manchester – and of this country – have fallen victim to a callous terrorist attack – an attack that targeted some of the youngest people in our society with cold calculation.

This was among the worst terrorist incidents we have ever experienced in the United Kingdom.  And although it is not the first time Manchester has suffered in this way, it is the worst attack the city has experienced, and the worst ever to hit the North of England.

The police and security services are working at speed to establish the complete picture, but I want to tell you what I can at this stage.

At 10.33 last night, the police were called to reports of an explosion at Manchester Arena, in Manchester city centre, near Victoria Train Station.

We now know that a single terrorist detonated his improvised explosive device near one of the exits of the venue, deliberately choosing the time and place to cause maximum carnage and to kill and injure indiscriminately. The explosion coincided with the conclusion of a pop concert, which was attended by many young families and groups of children.

All acts of terrorism are cowardly attacks on innocent people, but this attack stands out for its appalling, sickening cowardice –deliberately targeting innocent, defenceless children and young people who should have been enjoying one of the most memorable nights of their lives.

As things stand, I can tell you that, in addition to the attacker, 22 people have died and 59 people have been injured. Those who were injured are being treated in eight different hospitals across Greater Manchester. Many are being treated for life-threatening conditions.  And we know that among those killed and injured were many children and young people.

We struggle to comprehend the warped and twisted mind that sees a room packed with young children not as a scene to cherish, but as an opportunity for carnage.

But we can continue to resolve to thwart such attacks in future, to take on and defeat the ideology that often fuels this violence, and if there turn out to be others responsible for this attack, to seek them out and bring them to justice.

The police and security services believe that the attack was carried out by one man, but they now need to know whether he was acting alone or as part of a wider group.  It will take some time to establish these facts, and the investigation will continue. The police and security services will be given all the resources they need to complete that task.

The police and security services believe they know the identity of the perpetrator, but at this stage of their investigations we cannot confirm his name.

The police and emergency services have – as always – acted with great courage and on behalf of the country I want to express our gratitude to them.  They acted in accordance with the plans they have in place and the exercises they conduct to test those plans, and they performed with the utmost professionalism.  400 police officers were involved in the operation through the night, and many paramedics, doctors and nurses have worked valiantly – amid traumatic and terrible scenes – to save lives and care for the wounded.

Significant resources have been deployed to the police investigation and there continue to be visible patrols around Manchester, which include the deployment of armed officers.

For people who live and work in Manchester, there remains a large cordon in place around Manchester Arena and Victoria Station, which will be in place for some time. The station is closed and will remain closed while a detailed forensic search is underway.

We know that many friends and relatives of people caught up in the attack are still trying to find out what has happened to their children, brothers and sisters, parents, and loved ones. So please think of those people who are experiencing unimaginable worry, and if you have any information at all relating to the attack, please contact Greater Manchester Police.

The threat level remains at SEVERE.  That means that a terrorist attack remains highly likely.  But the independent Joint Terrorism Analysis Centre, which sets the threat level on the basis of the intelligence available to them, will continue to assess this throughout today and in the days ahead.

Later today, I will travel to Manchester to meet the Chief Constable of Greater Manchester Police, Ian Hopkins, the Mayor of Greater Manchester, Andy Burnham, and members of the emergency services who have come to Manchester’s aid in its moment of need.  And – as I announced last night – the general election campaign has been suspended.  I will chair another meeting of Cobr later today.

At terrible moments like these it is customary for leaders, politicians and others to condemn the perpetrators and declare that the terrorists will not win.  But the fact that we have been here before, and the fact that we need to say this again, does not make it any less true.

For as so often, while we experienced the worst of humanity in Manchester last night, we also saw the best.

The cowardice of the attacker met the bravery of the emergency services and the people of Manchester. The attempt to divide us met countless acts of kindness that brought people closer together.

And in the days ahead, those must be the things we remember.

The images we hold in our minds should not be those of senseless slaughter, but of the ordinary men and women who put concerns about their own safety to one side and rushed to help.

Of the men and women of the emergency services who worked tirelessly to bring comfort, to help and to save lives.

Of the messages of solidarity and hope of all those who opened their homes to the victims.

For they are the images that embody the spirit of Manchester and the spirit of Britain – a spirit that, through years of conflict and terrorism, has never been broken. And will never be broken.

There will be difficult days ahead. We offer our thoughts and prayers to the family and friends of those affected. We offer our full support to the authorities, the emergency and the security services as they go about their work. And we all – every single one of us – stand with the people of Manchester at this terrible time.

And today, let us remember those who died and let us celebrate those who helped, safe in the knowledge that the terrorists will never win – and our values, our country and our way of life will always prevail.

 


Uber & Out – What Happens After Start Up?

On Thursday, April 27, 2017, the BABC of Greater Philadelphia Young Professionals Group (YPG) hosted the sixth annual panel discussion and networking event: Uber and Out – What Happens After Start Up? Young professional entrepreneurs are the driving force behind current economic development in our region and around the world.  The creative and information technology sectors are two of the fastest growing industries.  This discussion focused on our region’s entrepreneurial-friendly environment, and how Philadelphia compares to other Smart Cities.  Panelists addressed the Internet of Things and how this topic is shaping not only regional development, but the trajectory of the global economy.  Creative and information technology sectors, innovation, Smart Cities, young professional entrepreneurs, Brexit, and cybersecurity were all part of the discussion.  Jason Gosselin, Partner at Drinker Biddle & Reath LLP, moderated the session and led the panelists through their talk.  It was a free-flowing, dynamic discussion with questions from the audience peppered throughout.

Dimitris Horiatis, Vice-Consul, ICT & Creative Media, Department for International Trade, set the stage. He discussed the creative sector, the largest sector in the UK after financial services.  The UK is setting trends in music, art, and advertising.  The largest global brands are concentrated in London.  The UK spends a higher proportion of its GDP on advertising than other major markets, and leads Europe in digital advertising. Its £8.6bn digital advertising market is bigger than the French and German markets combined and only second to China’s in terms of its share in proportion to the overall advertising market.  Technology is creating new developments in the creative sector.  The crossover generated by VR / AR technology and creative approaches to traditional industries and enterprise is a key UK opportunity.  UK software and tools businesses are creating new platforms for content development.  While hardware manufacture is unlikely to form a key part of the UK VR industry, UK companies are able to deliver software tools and peripherals to support VR content production and experience.  US companies looking to expand internationally choose to look toward the UK first for automotive, consumer goods, multiculturalism, and a large talent pool.  The UK is interested in negotiating a favorable trade deal with the EU – this will create and grow the international talent pool.  Philadelphia is a key market for the UK due to geography/accessibility.  The Greater Philadelphia region boasts a burgeoning tech sector and artistic community, making it a great partner for UK businesses.

Ellen Hwang, Program Manager for Innovation Management, City of Philadelphia and Archna Sahay, Director of Entrepreneurial Investment, Department of Commerce, City of Philadelphia explained the “Smart City” initiative and how the region compares to other areas. They discussed the important economic development impact of start-ups, and the entrepreneurial community, and civic tech organizations in Philadelphia.  Archna highlighted the StartupPHL program – a platform supporting entrepreneurs in the City – and what commerce is doing to enhance this initiative.  Philadelphia is at the forefront and can provide leadership outside of the City.

Jay Jumper, Partner, Pepper Hamilton LLP spoke about emerging companies and venture capital markets. He provided data and other findings from 2016 and talked about the economic outlook for 2017.  Jay’s discussion touched upon market performance, trends and expectations, and the “hot” sectors.  Where and what are the trends for entrepreneurs to seek capital and grow their business?  What does “working smarter” mean and how are emerging companies embracing these trends?  For example, Jay highlighted shared workspace, networking and meet-up groups, online resources and tools.  Jay discussed what’s unique about Philly and the local start-up environment.

Sophie Ding, Senior, Advisory Services – Cybersecurity, Ernst and Young LLP highlighted the key trends in the global cybersecurity market. She talked about Brexit and cybersecurity and what BABC members need to know.  Disruptive technology, like that of Uber for example, creates new risks for businesses and individuals.  Sophie also touched upon her Firm’s entrepreneurial environment, innovation and thought leadership in emerging technologies.

Shari Shapiro, Senior Manager for Public Affairs for Pennsylvania and Delaware at Uber, talked about the City’s adoption of Uber, drivers and riders. She provided interesting international visitor stats for the Greater Philadelphia region.  Uber had riders from 76 different countries last month, and many more during the DNC and other major events.  Shari explained how Uber has met with success and grown through partnerships with local institutions.  She explained how there have been challenges and hurdles in the regulatory environment both at the State and City levels.  Uber and companies like Uber are imploring the City to translate “Philadelphia is open for business” into practice.

While each presenter covered a different topic, a consistency across the board was the importance of education – developing a pipeline of STEM students and ensuring diversity and minority participation. Mentoring future professionals and grooming the up and coming working pool of potential employees will provide a competitive advantage for businesses and our region.

Conversation and questions from the audience could have gone on well into the evening. Jason thanked partnering organizations: Philly Startup Leaders (PSL) and Select Greater Philadelphia.  PSL began in September of 2007 as a handful of entrepreneurs meeting in the back of a neighborhood bar to trade war stories – fast forward and PSL years later has thousands of members.  PSL is a volunteer, grassroots organization of startup entrepreneurs dedicated to helping each other on their entrepreneurial journeys.  PSL provides emotional and practical support to mentor and coach new entrepreneurs.  The group collaborates and connects with other people and organizations who are not themselves entrepreneurial.  Select Greater Philadelphia is the region’s business attraction organization for the 11 counties within the Greater Philadelphia Region.  Select provides comprehensive regional data to help companies, site selectors, economic development teams, real estate professionals and others make informed decisions when relocating to and expanding across the Greater Philadelphia marketplace.  Jason asked Jane Rosenberg, BABC Executive Director to pull the winning business card for four tickets to a Philadelphia Union home game this season.  Lastly, he thanked BABC Marketing & Communications Chairman and long-time board member Ian Cross, proprietor of the Trestle Inn for hosting us.  Jason encouraged attendees to join us for our next program – International Soccer Night at Talen Energy Stadium to watch Philadelphia Union vs. Houston Dynamo on Wednesday, May 17 from 6-9:30 pm.

Attendees networked long after the formal part of the program ended. Everyone enjoyed their signature whiskey sours, while developing new and enhancing old business ties. http://www.thetrestleinn.com/

Special thanks to Philly Startup Leaders and Select Greater Philadelphia for partnering with us.

Click here to view photos from the event.

Philadelphia Business Journal Article


Opening of “Their Finest”

STX Entertainment’s new British historical drama, THEIR FINEST, opened at the Ritz Five last week and is expanding to additional theatres including the United Artists King of Prussia and Bryn Mawr Film Institute.

Inspiring, funny and genuinely romantic, “Their Finest” is a solid, refreshing crowd-pleaser.” Lindsey Bahr, ASSOCIATED PRESS

“A heart tugging salute to all the impossible dreamers who believe in the magic of the movies” Allan Hunter, SCREEN INTERNATIONAL

‘Their Finest’ delivers in a way that would please the Ministry of Information: it’s rousing and emotional, there are laughs and tears, and it portrays people trying and, mostly, succeeding at being their best selves in the service of their country.” Alonso Duralde, THE WRAP

Cast:

Gemma Arterton, Sam Claflin, and Bill Nighy

Director:

Lone Scherfig

Writer:

Screenplay by Gaby Chiappe

Based on the novel by Lissa Evans

Producers:

Stephen Woolley, Amanda Posey Finola Dwyer, Elizabeth Karlsen

With London emptied of its men now fighting at the Front, Catrin Cole (Gemma Arterton) is

hired by the British Ministry as a “slop” scriptwriter charged with bringing “a woman’s touch”

to morale-boosting propaganda films. Her natural flair quickly gets her noticed by dashing

movie producer Buckley (Sam Claflin) whose path would never have crossed hers in peacetime.

As bombs are dropping all around them, Catrin, Buckley and a colorful crew work furiously to

make a film that will warm the hearts of the nation. Although Catrin’s artist husband looks

down on her job, she quickly discovers there is as much camaraderie, laughter and passion

behind the camera as there is onscreen.

 


BREAKING NEWS – UK Triggers Article 50

BAB Statement – please attribute all comments to BritishAmerican Business CEO Jeffries Briginshaw

“Today, the UK Government officially notified the European Commission of its intention to withdraw from the European Union. While the majority of BritishAmerican Business members had not been in favor of leaving the EU, they remain fully committed and ambitious when it comes to their business in the UK and in the transatlantic economy.

“Our members want the UK to remain an attractive place to live, work and invest in. For that to work, it is imperative that the UK makes its relationship with the EU work for business and that Government delivers on its promise to offer the business community a clear and realistic time frame and pathway for an ambitious future relationship with the EU, post-Brexit, right from the start of the negotiations.

“We welcome the UK Government’s efforts to consult and work with the business community in this important time of change, and we look forward to increasing the level of exchange between all departments involved; particularly as the negotiations will need to address complex issues, such as talent mobility, data flows, customs and regulation/ standards. It will be critical to provide clarity on how these issues are addressed during the time of the negotiations and after in order to minimize business disruption and facilitate the transition to the post-Brexit state.

“BritishAmerican Business brings together leading British firms and major US investors, who alone stand for 46% of Foreign Direct Investment in the UK. During these uncertain times, the UK-US economic relationship is, and remains, a significant source of strength and opportunity. To further build on this transatlantic relationship, it is important that the relationship between the UK and the EU delivers a healthy business environment for both the UK and the EU”.

## ENDS ## 

For more information please contact: Tim Horan, Communications Manager
Email: thoran@babinc.org; Tel: +44(0)207 2909878


Human Interest Feature: Paul McConnell

Paul McConnell: The Power of Education and Economic Development

By Alicia Talucci, BABC Coordinator

Paul McConnell is proof of the American Dream. The year is 1974, and Paul is graduating from the University of Delaware. Paul and his brother had just started their business McConnell Brothers Inc. Prior to officially starting their business, the brothers worked together in construction to make money. Upon graduation, they had enough funds to buy their first property, fix it up, and sell it.  Then they bought two more.  Within the first five years of working together, they had renovated more than 100 homes. Since then, Paul has continuously developed properties, and his development projects now total more than five million square feet.

Paul attributes his success to working hard, networking, and staying current. “My success has been based on a lot of people helping me.  I’ve been very fortunate in that regard.”  He says, to be successful in business, you must constantly work with other people that can bring something else to the table.  Developing partnerships, working well, and communicating with others is the key.  At one point in his career, he had more than 100 partnerships.  He is also constantly brainstorming new ideas, and reading as much as possible.  Currently, Paul is dedicated to education and economic development; an area he has promoted and supported during the past several years.

Paul, the current CEO of McConnell Johnson Real Estate LLC, BABC Board and Club Level Member, realizes the importance of uniting education and economic development. Paul has spent the last four decades becoming an inspiration for innovation, especially for aspiring entrepreneurs.  Paul has started several programs for economically disadvantaged youth as well as those with learning differences.  Most recently, his Alma Mater created the Paul and Linda McConnell Youth Entrepreneurship Initiative.  The goal of the initiative is to cultivate the belief that entrepreneurship can lead to a successful career, using education to develop that success, especially in youth.  “Universities are all about the future. When you see the universities connect, and then business, it just creates this great atmosphere for talent, thinking, and doing.”  The Initiative creates opportunities for students to flourish.  Today, there are more than 3,000 students from 35 countries involved in the program.

A prosperous entrepreneur, Paul was inducted into the Delaware Business Hall of Fame in October 2016. The night was not only commemorative to Paul’s success, but special to him as he was inducted with his own mentor, former President of Commerce Bank Delaware, Fred Sears.  Sears not only inspired Paul to get involved in business, but he helped finance Paul’s business.  The two met Paul’s sophomore year of college at his fraternity where Fred was a guest speaker.  As a political science major, Paul helped run Fred’s campaign when he was Director of Economic Development for the City of Wilmington.  The rest is history.

Paul has been a major influencer in both the real estate development and start-up communities in Wilmington and the surrounding areas, founding 1313 Innovation along the way. 1313 Innovation’s mission is to “cultivate an environment of partnership; providing mentoring and education that attracts and develops talent for a stronger community,” a true testament to his goals of cultivating education and economic development.

McConnell Johnson Real Estate LLC joined the BABC in 2011 because the UK is one of Delaware’s largest trading partners. “There are a lot of international businesses in Wilmington.  Flights are easy back and forth, so why not foster those relationships.”  In February 2016, the company became a Club Level Member, and is a major participant in events.  The BABC has provided valuable introductions and networking opportunities for Delawareans in an international setting, and has attracted top talent in the region to open greater opportunities.

While some consider the close proximity to Philadelphia, Washington DC, and New York City a threat, Paul considers Delaware’s proximity an opportunity. “We definitely don’t want to take business from Philadelphia; we want a more collaborative effort.”  With the entertainment, restaurants, and housing boom in Philadelphia, Paul believes the import of talent for jobs and the export of talent for recreation and entertainment aspect can be a challenge.  “70% of our millennials that work here live in Philadelphia.  We have the banking and tech jobs, but we want to have both.”  Along with banking and technology jobs, Delaware provides one of the nation’s top life sciences and pharmaceutical job opportunities.  Together, Delaware, Pennsylvania, and New Jersey represent more than 80% of the US pharmaceutical industry.

Along with excellent professional opportunities in finance and health sectors, among others, Delaware has been a business-oriented state for the majority of its history. The legal and tax systems are very beneficial toward corporate business.  Delaware boasts a low corporate tax rate at just 8.7%, no sales or personal property tax at the state or local level, and no inventory tax.  The business scene has always been very open to international relations.  Easy access to seaports and airports allow Wilmington’s international trade partners to continue to be successful.  “Most recently, many of the pharma companies and start-ups have come from international (companies).  DuPont was one of the first companies to build a manufacturing plant in China,” explained Paul.  The long standing culture of international partnership as well as the tax and legal advantages given to businesses in the state of Delaware has made Wilmington the ideal place for many businesses to call home.

With Brexit as well as the results of the November 2016 Election, there is a positive future. However, one thing that Paul is sure of is the effect education will have on growth of business and a bright future for the area.  “This region is poised to take off.  We have connected education to our business community.  I think we are more connected today than we have ever been, and I don’t think this election will set us back.  It may accelerate certain change, but maybe people will be open to new ideas,” he explained.  At the university level, the most challenging issue is the high cost of education.  But Paul has an idea for that too, “Maybe there are different programs that can be sponsored by business, or maybe different ways industry can connect to the universities to help defray the crazy cost escalation that has occurred.”

From his work ethic to his philanthropic attitude, no one can deny the impact Paul McConnell has had on those around him. He has worked to build his business from the ground up, and is now looking long term to expand the future for great minds.  Paul’s focus on education is admirable.  He understands the future of business lies with the next generation, and he wants to continue to make Wilmington competitive, but also collaborative with the big cities that surround it.  His constant motivation to reinvent and improve his business where necessary is a lesson for all entrepreneurs.  Paul is a man who sees a bigger picture for local and international business.

The BABC is honored to work with Paul and with McConnell Johnson Real Estate. McConnell Johnson will host our annual Wilmington, Delaware event later this year.  The event brings a high ranking government official, foreign diplomats, and local business leaders together to discuss current global economic affairs, political climate, and social issues and how these factors can affect business on both sides of the Atlantic Ocean.  Stay tuned for the program date, speakers, and topic.

 


2016 Annual Holiday Luncheon – Press

CBS Philly: “Philadelphia Welcomes British Diplomat” 

 

 


London is Open and the Opportunities for Business are Great

Friday, September 16, 2016 
11:45 am (CST) – 12:45 pm
“LONDON IS OPEN and the Opportunities for Business are Great”
Click this link on September 16 to access the YouTube live stream.

On the 16th September, the British-American Chapter in Chicago will be hosting a panel discussion “London is Open and the Opportunities for Business are Great” with the Mayor of London, Sadiq Khan who will be joined on stage by Rick Waddell, Northern Trust CEO; Sheila Penrose, Chairman of JLL; and leading academic, Azeem Ibrahim.

The Chicago chapter offers you the chance to join them in viewing this panel discussion of exceptional thought leaders by live-streaming the program.

 

babcne-presenters

Participants (left to right): Mayor Sadiq Khan, Rick Waddell, Sheila Penrose, and Azeem Ibrahim.

Click Here for More Information

The theme of the discussion will emphasize Mayor Khan’s messages of reassurance post-Brexit vote. However, it will also offer the other panelists an opportunity to explain the current global business climate.
 

 


Brexit Decision

On June 23, 2016, the British voted for the UK to leave the European Union.  Other than the immediate shock and ensuing market reaction, it is going to take some time for the real effects of the British exit from the European Union to be felt. Business contracts will be honored and things will evolve slowly. This is unchartered territory for the EU, and plans will be carefully developed. Tourism and commerce are likely to increase as the US dollar will be stronger against the British pound and the euro. The UK is one of our region’s most significant trading partners, and BABC of Greater Philadelphia, serving Southeastern Pennsylvania, Southern New Jersey and Delaware will do everything we can to maintain and build that relationship not only with the UK but with all of Europe.

Read more  for the BritishAmerican Business CEO’s statement on the matter.

For local press clippings please click here.

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The BABCPHL recognizes our Club Level Members:

  • American Airlines
  • Bartlett
  • Cigna
  • Deloitte
  • Drinker Biddle & Reath LLP
  • Duane Morris
  • Ernst & Young
  • HSBC
  • KPMG
  • McConnell Johnson Real Estate
  • Morgan Lewis
  • Law Firm of Pepper Hamilton
  • PriceWaterhouseCoopers
  • TD Bank
  • United Airlines
  • Virgin Atlantic