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The Asian American Business Development Center (AABDC) was established in New York City in 1994 with a mission to assist Asian American businesses strengthen their capacities to compete in the mainstream marketplace, to expand business opportunities, and to promote greater recognition of Asian American businesses' contributions to the general economy. The Asian American Business Development Center is a private, nonprofit, nonpartisan organization that is dedicated to the promotion of greater awareness, understanding and cooperation between United States and China. Over the years, AABDC has created a significant presence within the Asian American business community in the U.S., and following the global economy, has established a credible position as an effective liaison (middleman), introducing business opportunities between China and New York.

Function
An important function of the organization is to educate and motivate Asian American businesses to take a more active role in New York’s various federal, state and city programs that help minority businesses compete for and get a fair share of the business opportunities with government entities. It's functions include:

• Advocate for Fair Representation: AABDC has worked to create equal opportunities for Asian American owned businesses in local government projects, and has been a strong advocate of positive policy changes in the small business community.

• Business Networking: Several times a year, networking events are organized for Outstanding 50 alumni and the New York area business community.

• New Majority Alliance: Together with the African American and Hispanic business associations in New York, the New Majority Alliance was formed to grow businesses and expand opportunities.

• Rebuild New York City: After the tragic events of 9/11, Chinatown was devastated. By working with the NY City and State government agencies, the AABDC Financial Assistance Center and Chinatown Tourism Project were created to provide financial business development assistance to small businesses.

Outstanding 50 Asian Americans in Business Award Gala Dinner
AABDC documents Asian Americans’ accomplishments in business and industry, and recognizes their individual achievements by honoring them in an annual Outstanding 50 Asian Americans in Business awards dinner.

Established in 2001, the Outstanding 50 Asian Americans in Business Award dinner acknowledges the achievements of Asian American corporate executives and entrepreneurs across a wide spectrum of industries and their contributions to the U.S. economy.

This annual event is a forum to highlight the achievements of Asian Americans across the United States. The awards recipients represent a microcosm of Asian American business owners, professionals and corporate executives who are engaged in a wide range of business interests. The Outstanding 50 Asian Americans in Business Award recognizes entrepreneurs for their role in driving the U.S. economy and provides corporations with the opportunity to honor top Asian American executives within its ranks.

Over 700 guests attended the 2011 awards dinner with honorees representing a variety of ethnic Asian backgrounds. The highest award of the evening, The Pinnacle Award, is presented to a person who has reached the top of his or her professional career and is acknowledged as a leader in his or her field.

Lunar New Year Celebration
The Lunar New Year, the most important holiday for Asians around the world, has always meant great joy and happiness – the closing of the old year and the welcoming of a prosperous new beginning. Following that tradition, AABDC has been organizing an annual event of festivities to celebrate the Lunar New Year with all New Yorkers.

From 1998 to 2005, an annual lighting ceremony and private reception were held on the evening before the Lunar New Year on top of the 86th floor of the Empire State Building where various government officials were invited to present proclamations in recognition of the Lunar New Year. That night, the 1327 bulbs on the top of the Empire State Building were illuminated in gold and crimson which are the auspicious colors of Asian traditional festivities and with the lighting we ushered in the arrival of the Lunar New Year.

Since 2007, AABDC has held the annual Lunar New Year gala at the historic Federal Hall National Memorial on Wall Street, the executive suite at Macy’s Headquarters and the Magic Room at the LVMH Tower in midtown Manhattan etc

Delegations to China
Having led its first New York business delegation to China in 2003, AABDC now has the added support of the Beijing-based New York in China Center, when organizing trade delegations of New York elected officials and business owners to visit targeted cities in China.

Focused on some of the most important cities of China – Beijing, Shanghai, Chengdu, Dalian, Hangzhou and others – these trips provide participants with an opportunity to visit and meet with leaders of regions and cities that are keys to China’s economic growth.

Past Delegations include:

2011 New York State Legislators and "Invest in New York" Trade Mission: This trade mission marked AABDC's 9th trade mission to China since the organization's founding. The delegation included New York State senators Malcolm A. Smith, Hugh T. Farley, Joseph A. Griffo, and George D. Maziarz. It also included New York State assemblymen Peter J. Abbate, Jr., Alec Brook-Krasny, Steven H. Cymbrowitz.

2010 New York State Delegation on High Speed Rail (September): The New York State Delegation on High Speed Rail, headed by Senator Malcolm A. Smith, visited China on September 17 – 22 to study their high speed rail system. The Delegation met with the Chinese Ministry of Railways to discuss potential cooperation between New York State and China on the building of high speed rail in New York.

2009 New York State Legislators and “Invest in New York” Trade Mission (October): The 2009 New York State Legislators and “Invest in New York” Trade Mission was co-led by President of the New York State Senate Malcolm A. Smith and Assemblyman Ronald Canestrari, Majority Leader of the State Assembly. This was the seventh delegation of New York State elected officials and business executives to visit China since 2003. The delegation had the four goals of holding "Invest in New York" seminars, visiting various Chinese companies, and expanding research and activities.

2008 New York State Legislators Trade Mission (April): This trade mission took New York State legislators to Beijing, Hangzhou, and Shanghai and also saw the official opening of the New York in China Center in Beijing. Furthermore, the 2008 “Invest in New York” Trade Mission focused on promoting the Buffalo-Niagra region.

2007	New York State and City Legislators Trade Mission to China (September): The “2007 New York State and City Legislators Trade Mission to China” visited Beijing, Guangzhou, Hangzhou and Shanghai where delegates were informed of the developing business environments.

2006	“Outstanding 50’’’ Trade Mission to China (October): This mission included a group of seven business leaders, many of whom were recipients of AABDC’s annual “Outstanding 50 Asian Americans in Business” Award. The mission visited five cities: Shanghai, Hangzhou, Haining, Chengdu, and Beijing to learn about China’s economy, government, history, and culture.

2006 “New Majority” Trade Mission to China (September): Five New York State Assembly members, representing African American, Hispanic and Asian American constituents, participated in this mission. 2006 Western China International Economy-Trade Fair (May): AABDC organized a business delegation to attend the Western China International Economy-Trade Fair in Chengdu, Sichuan Province. The fair is approved by the State Council of the People’s Republic of China.

2004	New York State Trade Delegation (April): The delegation visited China to explore deepening ties between New York and China and the expansion of New York products export to China. The trip met with the Minister of Commerce, Bo Xilai, to discuss U.S.-China trade.

2004 The New York in China Trade Mission (November): This mission helped small and mid-size companies from New York introduce, market and sell their products and services, and assisted them in developing important contacts to take advantage of the growing business opportunities in China.

2003	New Majority Trade Mission (November): This mission was organized to bring a level of understanding to leaders of New Majority communities about China’s economic development. The trade mission hope to open doors for New Majority entrepreneurs to explore cooperation with Chinese enterprises.

2003 Outstanding 50 Chinese Americans in Business Trade Mission to China (September): AABDC organized the first Outstanding 50 Chinese Americans in Business Trade Mission to China, taking honorees from the Outstanding 50 Award show to learn about economic opportunities in China. 2001	New York Area Chambers of Commerce Presidents’ Trade Mission to China: Capitalizing on the extraordinary opportunities that exist for American companies with the passing of the Permanent Normal Trade Relations with China Agreement Congress and China’s entry into the World Trade Organization, the Asian American Business Development Center organized the first of its trademark trade missions.

Delegations from China
Official Chinese trade delegations worked with AABDC to organize visits to New York:

2009	Changzhou-Buffalo Sister City: A delegation headed by Mr. Li Peiran, Deputy Secretary-General of Changzhou Municipal People’s Government, visited Buffalo on August 13 & 14 to sign a Friendship City agreement with Mayor Byron Brown.

2007	An Information Session and Networking Luncheon at the Waldorf-Astoria: AABDC sponsored a networking luncheon at the Waldorf-Astoria on November 14th that was attended by the Executive Vice Mayor of Haining, Zhejiang Province who shared details on export trade, investment and SME business development opportunities.

2006	JianShan New District: AABDC helped the Zhejiang Government in organizing the “Zhejiang Week” event in New York City to promote business and trade with the United States.

2005	All China Federation of Industry and Commerce (September): Led by Mr. Huang Mengfu, Chairman of All-China Federation of Industry and Commerce, 25 of China’s 100 largest non-state-owned companies visited New York City to explore investment opportunities.

Partnership with Columbia Business School
AABDC has worked and continues to work with Columbia Business School's Eugene Lang Entrepreneurship Program, partnering past Outstanding 50 Award Honorees with Columbia's MBA candidates. The honorees work with the the candidates as a way to improve business connections and help rising entrepreneurs improve their business and management skills.

New York in China Center
In 2008 AABDC opened the New York in China Center assists New York businesses in entering the China market and promoting incoming investment into New York State. NYICC identifies markets and promotes business and trade opportunities in China for New York State business services and products. The center introduces to China the state's unparalleled strategic position as the center of commerce, culture, education, tourism and high technology in the U.S.

NYICC works with partners including local and regional government, NGOs, and other institutions to meet the needs of businesses in the area. With offices in New York, Beijing, Hang Zhou and Dalian, NYICC supports business development and investment opportunities in those areas and beyond.