Memorandum of Understanding (MOU) establishes connection between Gwinnett Chamber Economic Development and Wuhan National Bio-industry Base (Biolake) in China
(METRO ATLANTA, GEORGIA, USA) June 28, 2011 – At the annual BIO International Convention in Washington D.C., Gwinnett Chamber Economic Development signed an MOU with the Wuhan (China) National Bio-industry Base (Biolake). The agreement between the two parties is designed to foster business relationships that will further the exploration of potential foreign investment and trade opportunities between the business regions that each organization represents.
“Signing MOU’s, like this one with Biolake, lays an enabling foundation for accelerated global business development,” said Nick Masino, Vice President of Economic Development and Partnership Gwinnett at the Gwinnett Chamber. “Our goal as a region is to enhance and broaden the life science and biotech industry; Global connection is a great first step to achieving this goal.”
Gwinnett continues to build strong relations with the Chinese global market. Other recent successes in the Chinese market include the location and expansion of Chinese electronics giant, SELF Electronics, to Gwinnett County and the expansion of one of China’s largest technology conglomerates, Hisense Corporation’s USA headquarters in Suwanee. The Gwinnett Chamber also set up its first international economic development office in Wuxi, China, just last year, providing a launch pad for trade and business expansion between Georgia and Wuxi.
“Georgia’s presence on the international stage is broadened through opportunities like this one that result from productive global relationships,” said Gretchen Corbin, Georgia Department of Economic Development Deputy Commissioner for Global Commerce. “In the work we do marketing Georgia to the world, we rely heavily upon partnerships formed abroad that ultimately benefit companies that invest in Georgia, and the communities throughout our state. We are committed to working through these avenues to attract foreign investment to Georgia, and welcoming the diversity and economic benefits these projects bring.”
Wuhan National Bio-industry Base (Biolake), set up in 2007 as a biological industry base at the state level and located in one of the two nationally independent innovative demonstration zones, is a key engine for the biological industry of the Hubei Province and Wuhan City and one of the most important biological industry bases in China.
“We see Georgia and Gwinnett County as a strong potential market for the launch of Central Chinesebiobusiness into the U.S. market,” said Jiakuan Chen, on behalf of Wuhan BioLake.
“As China continues to evolve, it is enlightening to see how they have studied the world’s premiere economies and pooled numerous ideas and practices into one technology- this produces an environment that the world can avail.” said Thomas Heidelberg of North American Bio Products, who visited BioLake in Wuhan in 2009.
For more information on Gwinnett’s global business efforts and economic development activity, visit www.successliveshere.com
. And be sure to follow @nickmasino on twitter this week for the latest out of Gwinnett from the BIO Convention floor.
Photo Caption: Gwinnett Chamber VP of Economic Development and Partnership Gwinnett, Nick Masino, signs MOU with representatives from the Wuhan National Bio-industry Base (Biolake) on the BioGeorgia Pavilion at the 2011 BIO International Convention in Washington, D.C.