The President recognizes the critical role that entrepreneurship plays in creating jobs and economic opportunity for the American people. The Administration is committed to creating public-private partnerships to support current entrepreneurs and spark the next generation of urban entrepreneurs who will strengthen our economy, create sustainable economic opportunities, and compete globally.
"President Obama wants the U.S. to out innovate, out educate and out build the rest of the world but seems to forget there are Americans all throughout the world working to stimulate entrepreneurship in emerging markets and create economic opportunities and jobs abroad, states Proctor. Look at Hyundai. They built a $1 billion manufacturing plant in Birmingham, AL that provides thousands of jobs. Read the back history on them. The Hyundai Pony built in 1974 was a collaborative effort among multiple countries including Italy, U.S.A., UK and France. Over the course of a generation, Hyundai now manufactures cars in their entirety and owns all its engine technology. The U.S. needs to create with the world, starting with their neighbors in Latin America.¨
Proctor was joined by Dan Brewington, Founder of I Love Chile (www.ilovechile.cl)
Proctor writes the Entrepreneur Hunter column for I Love Chile and hosts an English language radio program on the I Love Chile Radio Network. She is also a host of their Community Engagement group which helps to make local brands more global and global brands more local . For more information on the U.S. White House Urban Entrepreneurs Summit, visit whitehouse.gov
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Renegade CEO's is a global virtual incubator for TEEN entrepreneurs, creatives, inventors and thought leaders. Renegade CEO's supports teens in more than 25 countries on 6 continents. Teens and young changemakers in the program have written and published books, designed and manufactured products and launched peer to peer investment programs. In 2010 Renegade CEO's moved more than $1 million USD through the global economy. More information can be found at www.TeenEntrepreneurBlog.com