As we reported to you previously, A2IM partnered with New York State and was a recipient of Federal Small Business Association STEP (State Trade and Export Program) Grant funding for our New York members. This marks the first federal grant received by A2IM, bringing an estimated $200,000 plus in funding for A2IM New York based members in travel subsidies and overseas field for our mission to Asia. The mission is aimed at increasing exports by A2IM’s small and medium-sized New York State based music businesses and the trip itinerary dates are listed below. To qualify a business must have a domicile in New York State (it does not need to be your headquarters) and have books and records to book trip revenues in New York State. Applications are due by Wednesday May 2nd and return on investment will be a key determinant considered by NY State in selecting the mission participating companies. The trip dates and agenda are below. The trip will cost between $9,000 and $10,000 per participant but A2IM members will need to contribute only $2,000 plus Visa costs for mainland China to attend, U.S. commerce and NY State will pick-up the balance. Non-A2IM members can apply as well but their cost will be 50% of the trip cost ($4,500-$5,500 per participant). If you wish to apply for the mission please contact Rich Bengloff at Rich@a2im.org , 212-999-6113 Ext 1.
Asia Mission itinerary:
9/5: Wednesday Early AM- flight from NYC to Seoul
9/6: Thursday- Arrival Seoul 3PM, possible short afternoon orientation
9/7: Friday, South Korea briefing presentations & matchmaking meetings, reception at night
9/8: Saturday free day Seoul
9/9: Sunday early Flight to Shanghai, arrive 10AM (2 hour flight) free day in Shanghai
9/10: Monday-China briefing presentations & matchmaking meetings, reception at night, will be working with our friends at CAVA (the only officially recognized national audio-video industrial society approved by the General Administration of Press and Publication and Ministry of Civil Affairs in the PRC) on getting Beijing people to attend too as well planning a visit to their new facility!
9/11 Tuesday- Flight to Hong Kong, time of flight is TBA, as we may be visiting the new Shanghai music facility on this date.
9/12: Wednesday- Hong Kong briefing presentations & matchmaking meetings, reception at night (we will have buyers who also represent Singapore, Malaysia, etc., working on more)
9/13 Thursday- Flight back to U.S., arrive the same day.
Our local U.S. commerce offices are supporting our mission but we are open to, and have received a number of, trade partner suggestions from our members. Potential partners include:
*Recorded music sales – primarily digital licenses but also shipments of physical CD’s too
*Recorded music via Telco subscription services and other subscription services
*Merchandising including clothing and other items (for touring and at retail)
*Licensing of music for branding, TV, radio, games, advertisements, etc.
Please send any trade partner suggestions that you may have to Rich@a2im.org
Finally, rest assured, we are applying for other funding that will cover all A2IM members and other states and hopefully will report back to you on those in the coming months