Is your small business exporting? If you’ve ever thought about it,
now’s the time. New statistics from the Commerce Department show that
U.S. exports of goods and services rose by 16.7 percent in the first
quarter of 2010.Part of that growth is due to enhanced efforts by Export-Import Bank (Ex-Im Bank) of the United States to reach out to small businesses and help them get the financing they need to get involved in exporting. The efforts are part of the federal government’s National Export Initiative, which President Obama announced earlier this year. The initiative seeks to double U.S. exports and create 2 million U.S. jobs in the next five years.
U.S. exports in the first quarter of the year totaled $434 billion, with the largest percentage increases occurring in Taiwan (80%), Korea (66.2%), Malaysia (49.2%) and China (46.6%). “Major opportunities exist for U.S. companies to break into or expand business in that region, backed by Ex-Im Bank financing,” said Fred P. Hochberg, chairman and president of the Ex-Im Bank. “Our goal is to create more opportunities in more countries so U.S. businesses can reach more customers, and in doing so create more jobs.”
To read the full, original article click on this link: Increased Opportunities for Small-Business Exports | Small Business Trends
Author: Rieva Lesonsky
