MINNEAPOLIS (Oct. 15, 2015) — Well-known Minnesota small business leader, Susan Rani, President and Founder of Rani Engineering, has signed a document formalizing a partnership with a key entity in South Korea. The new memorandum will create a deeper understanding of overseas business and lead to new business development possibilities.
The event was supported by South Korea’s President Park Geun-hye, who spoke of the need to make research and development investments and support high tech and emerging disruptive technologies. President Park holds a degree in electrical engineering.
Ms. Rani signed a Memorandum of Understanding with KENCA, the Korea Engineering & Consulting Association. KENCA also signed a Memorandum of Understanding with ACEC, the American Council of Engineering Companies.
This landmark signing took place in Washington D.C. yesterday afternoon, October 14, 2015 at the Willard Intercontinental Hotel. Dr. Jae Wan Lee, chairman of KENCA, signed the MOU on behalf of KENCA. KENCA was established in 1974 and plays a large part within Korea’s developing engineering industry. Rani Engineering was one of ten U.S. signatories at the event including General Electric, the University of North Carolina, Aspen Technology and Southern Company.
“We are glad that Rani Engineering is part of this historic event,” said Dr. Jae Wan Lee. “I look forward to working with Rani Engineering.”
Rani Engineering is one of the first women-owned/minority-owned engineering firms in Minnesota. Starting in 1993, the company has grown from two staff to more than 50. Rani Engineering specializes in engineering, rail signal engineering, and land surveying. Rani is starting their first international project in Waterloo, Ontario, Canada, completing transit rail signal/communication for the City’s expanding LRT system. The firm and Ms. Rani have won numerous awards including the 2014 White House Champion of Change for Transportation and the 2013 Minnesota ACEC Firm of the Year.
“I look forward to working collaboratively with members of KENCA on the high tech applications of infrastructure projects and transit rail signal communication,” said Susan Rani, President and Founder of Rani Engineering. “Governor Dayton’s 2011 trade mission to South Korea opened the opportunities to today’s event for Rani Engineering. We are very proud to grow high paying, STEM -focused jobs here in our home state. We truly believe high quality of life, excellent education, and high trust in the business transactions in Minnesota creates the home field advantage for Rani Engineering.”