US-KOREA FTA!

On October 22, 2011, with an overwhelming 278 votes in the House and 83 votes in the Senate, the U.S. Congress passed the Korea-U.S. Free Trade Agreement! This is a true victory for the enduring relationship between the United States and South Korea. Thank you for being part of this historic moment, and we could not have come where we are now without your relentless support.

The U.S.-Korea FTA, which was originally signed on June 30, 2007, is the largest U.S. trade agreement in over a decade and will generate significant new benefits and opportunities for U.S. manufacturers, farmers, service providers, and consumers. The U.S. International Trade Commission estimates that U.S. GDP will increase by $10 billion to $12 billion from the reduction of tariffs on U.S. goods under the agreement.

FTA support letters by the Korean American Chamber (Houston Business Journal, Houston Chronicle)



U.S. Korean Population: 1,423,784

The U.S. Census data was organized to show the Korean population in each state (www.factfinder2.census.gov). Many Koreans did not cooperate with the Census, and it is believed to be more than 1,423,784 Koreans in the U.S. Since only 0.5% of the total population is Korean, the U.S. government does not give many benefits to Koreans compared to African Americans or the Chinese, who are 12.6% and 1.1%, respectively. The top 5 states with the largest Korean populations
are:

1. California: 451,892 Koreans (Los Angeles County: 216,501)
2. New York: 140,994 Koreans (Queens County: 64,107)
3. New Jersey: 93,679 Koreans (Bergen County: 56,773)
4. Virginia: 70,577 Koreans (Fairfax County: 41,356)
5. Texas: 67,750 Koreans (Harris County: 11,813)



New Website Offers Data about Exports, Jobs

A recently unveiled website by the U.S. Chamber of Commerce 
offers details on U.S. exports and the jobs they support for all 50 states and 435 Congressional Districts, as the business community intensifies its advocacy for the trade agreements with S. Korea, Colombia and Panama.  

  
Houston Ranks No.2 in U.S. for young adults starting career

According to a new report from the American City Business Journals, Houston has become No. 2 in the country for young job seekers.  .
  1. Austin
  2. Houston
  3. Washington
  4. Raleigh
  5. Dallas-Fort Worth
  6. Boston
  7. Oklahoma City
  8. Salt Lake City
  9. Seattle
  10. Baton Rouge, La.

To read more, click here

Mayor Announces $25 Million Partnership to Help Businesses


Houston has been selected to join the Goldman Sachs 10,000 Small Businesses initiative. The program comes with a $25 million commitment to provide loans to help local small businesses 
with limited financial resources. Apply at: www.hccs.edu/10KSB.