Blog

  • 18 May 2016 by Doug Bruhnke

    We're pleased to announce that both recipients of the President's E Award for exporting are Global Chamber members.

    Congratulations City of Phoenix and Team EXOS!

    We're participating in Mayor Stanton's Mixer on Exporting this Monday the 23rd HERE, and Marty Weems of Team Exos is on our next virtual event on Tuesday the 24th HERE.

    The President’s “E” Award was initiated in 1962 by President John F. Kennedy to recognize excellence by companies and municipalities for contributions to U.S. exporting.

    Phoenix is the first city in 13 years to win the award. The reasons cited...

    • Phoenix businesses led the nation in increased export value in 2015 over 2014
    • Phoenix exporters have a four-year trend ending 2015 of double-digit annual growth
    • Phoenix and other Arizona businesses increased the export share of Arizona’s gross domestic product from 7.5 percent to 9 percent last year.

    “The city of Phoenix has demonstrated a sustained commitment to export expansion. The ‘E’ Awards committee was very impressed with the city’s significant and broad-based support to grow exports from Phoenix, which is responsible for more than half of the exports from the State of Arizona,” said Secretary of Commerce Penny Pritzker.

    “Exporting is crucial to the success of the businesses we work with,” said Mayor Greg Stanton. “Every day we see the growth of Phoenix businesses, due in large part to exporting. This growth has enabled our Phoenix businesses to add jobs and support their local communities as they expand their bottom line.”

    Team EXOS has had sustained and rapid growth in foreign markets... learn more at our Tuesday event!

    Below from left... Secretary Pritzker, Mayor Stanton and Hank Marshall.

  • 18 May 2016 by Doug Bruhnke

    Source: U.S. Commercial Service

    2016 Q1 export numbers are out and AZ decreased 14% compared to the same period in 2015, while US total exports decreased 6.85%. This can be partially attributed to the strength of the dollar and a strong 2015 Q1. 

    - Kristian Richardson, Director, U.S. Commercial Service in Arizona

  • 18 May 2016 by Doug Bruhnke

    by LeAnn Young, Global Chamber Baltimore

    With the vast resources available in the digital world, exporting abroad is no longer just for the big corporations. An increasing number of small U.S. businesses are growing by finding key markets outside the U.S.

    Here are a few items a small business should know:

    Demand: More than 70 percent of the world’s purchasing power is located outside of the United States.

    Profitability: Exporting can be profitable for businesses of all sizes. On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms.

    Competitive Advantage: The United States is known throughout the world for high quality, innovative goods and services, customer service, and sound business practices.

    Diversifying Risk: Most companies that export have an easier time riding out fluctuations in the U.S. economy and are more likely to stay in business.

    Inaccurate Assumption: Exporting requires a huge capital outlay and a scale that is too big for most small businesses.

    Truth: A business of any size can make the right connections to enter markets worldwide. Quality, competitive pricing, and business stability are among important global factors.

     

    Are Global Markets Part of Your Growth Plan?

    Small businesses continue to make the Maryland economy vibrant. In a recent MDBiz news article, Secretary Gill, Maryland Department of Commerce, reported that 97% of all business employers in the state are small businesses. 

    If you are a small business, make sure you consider connecting your business to the rest of the world. Companies across borders want American products and services. Interestingly, less than one percent of America’s 30 million companies export – a percentage that is significantly lower than all other developed countries. And of the U.S. companies that do export, 58% export to only one country. Plenty of global business opportunty awaits companies of all sizes!