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BCIU Applauds Presidential Summit on Entrepreneurship, Sees Efforts Generating Goodwill, Partnerships and Jobs
Date:4/26/2010

President Obama's foreign economic policy behind summit fosters new opportunities for BCIU member companies worldwide

WASHINGTON, April 26 /PRNewswire-USNewswire/ -- The Business Council for International Understanding (BCIU) today announced its support and praise of the Presidential Summit on Entrepreneurship, co-hosted by the Departments of Commerce and State, which brings together more than 275 participants from over 50 countries around the world. A direct result of President Obama's landmark June 2009 speech in Cairo where he pledged to broaden ties between business leaders, foundations and entrepreneurs in the United States and Muslim countries, the Summit has created a platform that BCIU believes will lead to untapped economic opportunities, job creation and investment across the globe.

"President Obama's focus on entrepreneurship is leading to concrete partnerships and results," said Peter Tichansky, President and CEO of BCIU. "After attending a welcome reception hosted by the Kaufmann Foundation, it was clear that the visiting entrepreneurs enthusiastically share, as we do, the President's belief that unleashing entrepreneurship is the surest way to address the global employment deficit. The common language among the entrepreneurs attending is palpable as are their stories of successful company building; I witnessed agreements between U.S. investors and summit participants even before the conference began."

BCIU endorses the President's National Export Initiative in which he commits his Administration to doubling U.S. exports in five years and applauds the combined efforts of the Departments of Commerce and State in supporting those ambitious goals.  


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SOURCE Business Council for International Understanding
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