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Local entrepreneur gets a boost from Small Business Development Center

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On an average day, Trina Worrell Benjamin handles invoices, returns calls and emails, directs a team of nearly a dozen employees and manages a client roster that has included big names like Rite Aid and Toys“R”Us. She admits her first steps into entrepreneurship were not easy. But with the help of…

Local entrepreneur gets a boost from Small Business Development Center

  • SBDC: Temple University SBDC
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Wharton School SBDC Hosts International Trade Events for Brazil and Nigeria

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The Wharton School Small Business Development Center (SBDC) co-hosted “2014 FIFA World Cup Brazil: Opportunities for Trade, Investment and Tourism in Brazil” on June 5 at its University of Pennsylvania location.  Guest speakers included Mauro Viera, ambassador of Brazil to the United States and Ney Campello, secretary of state of Bahia. 

During their remarks, Ambassador Viera discussed opportunities for trade, investment and tourism in Brazil with a focus on small to medium sized businesses.  Secretary Campello reviewed opportunities relating to the 2014 FIFA World Cup that will be hosted in Brazil. 

Philadelphia Councilwoman Jeannie Blackwell and Councilman David Oh were among the City of Philadelphia representatives in attendance.  To view photos of the event, visit the World Trade Center of Greater Philadelphia’s Flickr album.

In addition, on June 24, Wharton School SBDC also welcomed Dr. Kingsley Chiedu Moghalu, deputy governor of the Central Bank of Nigeria.  Dr. Moghalu discussed small business development and growth within the Nigerian economy.

According to Wharton Magazine, Dr. Moghalu noted that almost 90% of the Nigerian economy is composed of small and medium sized businesses.  He added that SME’s only account for 10% of the Nigerian economy, citing that issues in funding and adequate credit add to this alarming statistic.  He discussed the importance of government funding and venture capital as a way to create and sustain small business within Nigeria and across the world.  Moghalu hopes to adapt small business models from the United States to help grow the Nigerian economy.

The Pennsylvania SBDC has recently signed a strategic partnership with the U.S. Commercial Service to work together on marketing, educational programs and events leveraging both entities’ expertise to help make U.S. businesses—and particularly small and medium-sized, Pennsylvania based firms—more export savvy.  To learn more about this initiative, read the partnership announcement.