►
From YouTube: Doing Business with the Asian Development Bank
Description
The Asian Development Bank (ADP) is a regional development bank with aims to promote social and economic development across Asia. Mayor Wu joined ADP ambassador Chantale Wong at the
Edward M. Kennedy Institute for the U.S. Senate to highlight Asian investment opportunities for Boston Businesses.
Watch Promo Video Here: https://youtu.be/Zf17X3dpazI
A
My
name
is
I
have
the
privilege
of
serving
as
the
chief
of
Economic
Opportunity
and
inclusion
for
mayor
Michelle
Wu
for
the
city
of
Boston.
We
are
very
delighted
to
have
you
here
at
the
Edward
M
Kennedy
Institute
and
in
particular
we
want
to
thank
our
partners
at
the
Asian
development
Bank
Ambassador
Wong.
Thank
you
so
much
for
your
partnership
and
collaboration
on
this
event
to
bring
so
many
people
from
across
the
region
together
for
this
important
discussion
and
opportunities
to
build
new
and
long-lasting
relationships.
I
am
here
to
take
up
your
time.
A
You
all
are
not
here
to
see
me
you're
here
to
in
particular
hear
from
our
mayor,
who
is
joining
us
and
will
be
coming
in
shortly.
I
have
to
say
that
for
me,
it's
especially
meaningful
to
be
be
here
behind
this
Podium
I
actually
used
to
work
here
at
the
Edward
M
Kennedy
Institute
for
the
United
States
Senate.
We
are
not
allowed
to
call
it
the
emk
Institute,
it's
the
Edward
M
Kennedy
Institute
for
the
United
States
Senate
always
remember
that.
A
But
we
are
really
delighted
to
have
you
in
this
replica
model
of
the
U.S
Senate
chamber,
where
all
of
you
are
Senators
for
a
day
and
so
I'm
just
going
to
say
a
little
bit
about
the
work
that
we've
been
doing
in
the
cabinet,
Economic,
Opportunity
and
inclusion.
Before
welcoming
the
mayor
to
the
podium.
A
When
I
was
asked
by
the
mayor
to
come
into
this
role,
we
talked
a
lot
about
what
she
heard
on
the
campaign
Trail
and
what
she
learned
and
and
felt
with
the
residents
of
Boston
as
a
city
councilor
for
10
years.
And
what
that
was
is
that
when
people
heard
the
term
Economic
Development,
they
had
a
little
bit
of
a
negative
reaction,
because
in
the
city
of
Boston
on
the
streets
of
Boston
many
residents,
when
they
thought
of
that
term,
Economic
Development,
they
didn't
see
themselves
in
it.
A
They
thought
of
all
the
cranes
in
the
skies
and
how
they
thought
that
their
development
was
not
for
them.
And
so
for
myself.
For
the
mayor,
it
was
important
that
before
they
meet
me
or
any
of
the
members
of
the
team,
who'll
be
called
out
momentarily
that
they
understand
the
work
that
we're
doing
and
who
we're
doing
it
for,
and
so,
while
all
of
the
actions
and
programs
and
policies
that
we
are
implementing
and
thinking
of
and
pushing
forward
fall
under
the
umbrella
of
Economic
Development.
A
What
was
important
for
the
mayor
is
that
we
are
creating
new
opportunities,
but
also
understanding
that
there
is
no
such
thing
as
Economic
Opportunity
without
illusion
and
ensuring
that
every
single
resident
every
single
stakeholder
within
the
bounds
not
just
of
the
city
of
Boston
but
within
the
Commonwealth
and
within
the
region.
If
they
are
not
at
the
at
this
at
the
table.
A
Is
our
office
of
global
affairs
and
I
want
to
very
quickly
thank
the
director
of
business
strategy,
Aaliyah
Forest
who's
here
and
who
manages
our
Global
Affairs
team
James
Coleman
who's
here,
but
in
particular,
I
want
to
thank
and
I'm
going
to
ask
her
to
wave
her
hand
as
Yushi
Wong
who
helped
organize
this
entire
event,
with
our
partners
at
The,
Institute
and,
of
course,
at
the
Asian
development
bank.
I
also
want
you
can
see.
I
also
ate
the
luncheon.
A
So
now,
but
I
want
to
thank
other
members
of
the
eoi
team
who
are
here:
I,
see
Donald
who's,
our
deputy
chief
I
see
Sarah
who's.
Our
director
of
operations,
I
see
Shanice
who's,
leading
our
work
and
business
strategy
and
other
members
of
the
city
hall,
team,
I,
see
Sam,
I,
see
Stephen
and
I'm
sure
I
missed
did
I
miss
okay
great.
So
again,
we
are
so
grateful
that
all
of
you
are
here
very
shortly.
A
The
mayor
will
be
coming
in
to
deliver
some
remarks
and
I
I
just
want
to
give
a
little
preview
before
she
gets
here
that
you
know.
A
lot
of
the
work
that
we
have
been
doing
at
her
Direction
has
helped
to
make
sure
that
we
are
expanding
opportunities
for
so
many
of
the
folks
here
in
our
city,
and
we
want
to
thank
all
of
you
as
our
partners
in
the
business
Community,
for
helping
to
make
this
a
economy.
What
it
is,
this
growing
and
vibrant
economy.
A
A
couple
quick
things
is
all
the
work
that
we're
doing
to
support
our
small
businesses.
Many
of
you
who
were
in
this
room
the
amount
of
resources
that
have
been
made
available
at
as
a
result
of
this
Administration
and
focusing
on
inclusion,
but
also
thinking
of
our
work
and
ensuring
that
many
of
our
partners,
particularly
in
communities
of
color,
are
having
access
to
opportunities
to
do
business
with
the
city
of
Boston.
A
The
city
has
not
had
a
great
reputation
in
the
past
for
making
sure
that
contracts
and
other
resources
are
getting
to
businesses
owned
by
people
of
color
by
women
by
veterans.
But
what
we
are
grateful
for
is
because
of
the
leadership
of
under
the
direction
of
Mayor
Wu,
that
we
have
taken
significant
policy
steps
to
address
this.
And
so
we
were
in
the
we
weren't,
even
at
single
digits
in
the
past,
but
because
of
the
work
that
our
teams
have
done
in
the
last
18
months.
A
In
just
the
first
couple
of
quarters
of
2023
the
fiscal
year
at
least
12
percent
of
our
con
of
contracts
that
were
awarded,
which
are
millions
and
millions
of
dollars,
went
to
diverse
companies,
which
is
really
important
for
the
city
of
Boston.
In
moving
us
forward
and
ensuring
that
all
of
our
businesses
have
an
opportunity
to
participate
in
our
economy,
and
so
with
that,
I
am
not
going
to
stall
any
more
because
I
know
you
all
have
actually
come
here
to
hear
from
our
wonderful
mayor.
B
For
all
that,
you
do
thank
you
for
your
approach,
which
has
been
around
making
sure
that,
as
we
grow
the
pie,
it
truly
is
including
everyone,
and
that
is
reflected
with
the
day-to-day
work
of
this
incredible
team
that
serves
in
our
cabinet
for
Economic
Opportunity
inclusion.
So
could
you
join
me
in
just
thanking
them?
One
more
time
all
the
team
members
have
been
recognized
and
those
who
couldn't
be
here
today
as
well.
B
It
is
an
honor
to
be
here
with
you
and
how
many
folks
have
been
in
this
space
before
okay,
so
some
people,
but
for
for
many
others
this
might
be
a
first
experience
and
the
first
time
I
remember
the
first
time.
I
was
in
here
just
the
the
feeling
of
gravity
and
connection
to
the
the
functions
of
our
government,
reflected
in
every
little
detail.
B
To
recreate
this,
space
is
not
only
a
breathtaking
experience
to
be
in,
but
it
also
creates
the
opportunity
for
members
of
our
community,
some
of
whom
might
not
have
had
or
might
not
ever
have
the
opportunity
to
go
to
the
capital
and
be
in
DC
and
and
and
the
you
know.
There's
such
a
small
number
of
people
who've
ever
sat
in
those
seats
on
the
floor
to
have
this
experience
and
to
situate.
This
very
important
conversation
about
making
connections
and
growing
the
pie
for
everyone.
B
I'm
really
grateful
to
our
hosts
here
and
to
be
in
a
space
built
on
the
legacy
of
a
leader
who
dedicated
his
life
of
service
to
making
sure
that
everyone
could
be
reflected.
I
also
want
to
thank
and
recognize
representatives
from
various
state
and
federal
agencies
who
partner
with
our
amazing
City
team.
Every
day
we
are
joined
by
the
Massachusetts
export
Center,
the
U.S
Department
of
Commerce
U.S,
small
business
administration,
U.S
trade
and
development
agency
and
the
export
import
Bank
of
the
United
States
as
well.
B
And,
of
course,
it
is
a
privilege
to
be
with
Madam
Ambassador
Madam
Chantal
Wong
U.S,
director
of
the
Asian
development
bank
and
someone
who
insists
on
making
sure
that
we
not
only
are
working
at
policies
at
a
high
level,
creating
that
that
system-wide
change,
but
really
seeing
the
local
human
impact
of
everything
that
she
does
from
her
founding.
The
conference
on
Asian
Pacific
American
leadership
to
her
photography
to
her
years
of
public
service
that
Mindful
and
impact-oriented
Leadership
is
critical
and
we're
so
thankful
for
for
your
partnership.
B
We
need
this
kind
of
vision
and
we
need
this
kind
of
collaboration,
especially
now
as
governments
and
businesses
and
the
people
we
collectively
serve
continue
to
emerge
from
several
years
of
disruption
under
the
kobit
19
pandemic.
Alongside
economic
recovery
and
development,
ADB
is
increasingly
focused
on
issues
that
are
maybe
traditionally
thought
of
as
beyond
the
scope
of
the
the
economic
sector,
but
really
are
just
as
fundamental
to
the
impacts
that
people
are
feeling
in
their
day-to-day
lives
like
climate
change.
B
Ambassador
Wong
has
been
focused
on
how
each
decision
helps
us
in
our
fight
against
climate
change
globally
and
how
each
decision
impacts
residents,
especially
the
most
marginalized
locally
for
nearly
60
years.
The
Asian
development
bank
has
been
there
to
empower
our
neighboring
Nations
to
the
West
as
they
work
to
lift
up
their
residence
and
adb's
projects
not
only
receive
more
visibility
and
transparency,
but
also
more
scrutiny
and
security.
To
ensure
that
members
funds
are
invested
ethically
and
have
the
greatest
impact
possible
that
same
philosophy
of
having
a
positive
impact
on
our
residents.
B
While
we
do
everything
we
can
even
to
try
to
prepare
for
and
mitigate
what's
beyond
our
control,
such
as
climate
change
that
drives
everything
we
do
here
in
Boston
from
the
climate
resilience
work
of
our
environment,
Department
to
the
grants
and
Investments
we
make
through
our
office
of
Economic
Opportunity
and
inclusion
to
lift
up
our
small
businesses,
help
our
city
recover
from
the
pandemic
and
to
help
us
close.
The
racial
wealth,
Gap
and
his
team
have
led
the
way
in,
for
example,
Distributing
and
putting
resources
right
back
into
community
nine
million
dollars.
B
They've
invested
more
than
five
million
dollars
in
our
main
streets
program,
which
helps
us
Revitalize,
our
neighborhoods,
by
supporting
our
20
commercial,
small
business
districts,
everything
from
relief
funding
to
beautification
and
programming
and
they've
invested
a
million
dollars
through
Boston's
Legacy
business
program,
which
showcases
and
sustains
the
stores,
shops
and
restaurants
that
have
been
long-standing
anchors
of
our
community.
We
are
proud
to
put
the
resources
that
we
have
available
at
the
city
level
in
right
back
into
working
with
our
communities,
creating
opportunity
and
closing
gaps
wherever
possible.
B
We've
designed
these
Investments
to
support
the
diversity
of
our
city
and
ensure
that
everyone
who
calls
Boston
home,
whether
your
family's
been
here
for
Generations
or
you're,
one
of
our
newest
neighbors,
that
you
have
the
opportunity
and
the
security
to
thrive,
and
that
also
means
investing
in
our
economic
relationships
abroad.
Boston
is
a
hub
for
our
region.
We
are
how
New
England
businesses
stay
connected
to
markets
around
the
world.
B
Currently,
the
port
of
Boston
serves
2500
businesses
across
the
region,
creating
nine
thousand
direct
jobs
and
supporting
66
000
total
jobs
they're
connecting
businesses
all
over
the
world
to
14
million
consumers
in
Greater
Boston
and
throughout
New
England.
Now
make
no
mistake.
Goods
and
services
flow
in
both
directions
through
the
port
of
Boston
last
year,
our
exports
to
Europe
through
our
Port
totaled,
more
than
3.3
billion
dollars
and
our
exports
to
Asia
totaled,
nearly
one
and
a
half
billion
dollars,
and
those
are
just
to
our
largest
export
destinations.
B
Boston's
own
exports
are
on
the
rise
as
well
year.
Over
year,
we
saw
an
increase
in
exports
of
nearly
13
million
dollars
and
we
are
hoping
to
show
even
more
growth
working
towards
that
in
the
next
year.
We
want
all
the
businesses
represented
in
this
room
and
across
New
England
to
be
a
part
of
that
growth.
The
value
of
our
ports,
exports
to
China
and
Japan
was
less
than
half
of
what
we
shipped
to
Germany,
the
Netherlands
and
France.
There
is
a
huge
growth
opportunity
and
potential
there.
B
This
is
the
most
natural
disaster
prone
region
in
the
world.
We've
seen
that
in
the
floods
in
China,
south
Asia,
the
Philippines
and
South
Korea
heat
wave
that
had
tremendous
impact
across
the
South
across
the
South
and
Southeast
Asia
and
landslides
in
Indonesia,
Myanmar
and
South
Asia
I
know.
Ambassador
Wong
often
says
that
the
battle
against
climate
change
will
be
won
or
lost
in
Asia,
and
the
Pacific
I
also
know
that
when
all
of
adb's
member
countries
and
Business
Leaders
work
in
Coalition
that
that
battle
will
be
won
in
Asia
and
the
Pacific.
B
A
C
Oh
thank
you
mayor.
So
much
for
hosting
us
here,
and
certainly
my
team
is
very
anxious
and
and
very
happy
to
be
here,
to
want
to
get
all
of
the
companies
that
you
mentioned
to
come
and
really
help
us
with
the
work
that
we
do
at
the
in
Asia
and
the
Pacific.
It
is
very
critical.
I
have
to
tell
you
that.
C
The
the
reason
why
we're
doing
this
four
cities
tour
and
the
reason
why
we're
coming
to
Boston
not
only
to
to
meet
with
you
but
and
bring
your
companies
around,
is
that
we
we're
we're
in
competition
in
in
ADB
getting
contracts,
and
my
role
is
to
make
sure
that
that
the
American
companies
do
well
and
so
we're
here
to
really
do
encourage
a
lot
of
more
American
company,
Japanese
U.S
companies
to
come
and
do
do
the
work,
because
guess
what
we
have
the
best
ideas.
We
have
the
best
technology.
C
We
know
how
to
do
it.
Do
it
and
the
fact
that
the
President
Biden
has
invested
so
much
into
the
Green
Technology
in
this
country.
We
have
all
the
capabilities
to
come
in
and
do
all
the
work
in
Asia
and
the
Pacific,
and
the
other
aspect
is
the
diaspora,
we're
looking
at
the
huge
diaspora
that
comes
around
here
in
in
the
Boston
area,
but
also
around
the
country,
Asia
and
Pacific.
C
We
a
lot
of
us
call
the
U.S
home,
but
our
our
ancestors
come
from
the
region
and
that
that
is
really
what
we
want
to
appeal
to
the
diaspora
to
come
back
and
do
and
invest
in
the
home
country
or
the
mother
countries
that
you
all
come
from,
and
so
we're
very
happy
to
be
here
and
it's
been
a
long
time.
I
know
we
we've
talked
about
coming
and
so
now
we're
here
and
we're
very
happy
to
be
here
what
a
great
City
you
have
and
I'm
I
miss
it
too.