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National Export Initiative: Export Your Products, Grow Your Business
December 08, 2016 Elizabeth Thomas, Business Development Specialist, Office of Small Business
Exporting strengthens America’s economy, creates U.S. based jobs, fuels small business growth and can sustain companies during economic downturns at home. In his 2010 State of the Union Address, President Obama announced the National Export Initiative (NEI), aimed at improving the conditions that affect companies’ ability to sell to overseas buyers and to “renew and revitalize our efforts to promote American exports abroad.”

The NEI fact sheet reports that in 2012, just two years after launching the NEI:

  • U.S. exports hit an all-time record of $2.2 trillion 
  • American jobs supported by exports increased to 9.8 million
  • Over 4,000 small and medium-size businesses exported for the first time or increased their exports by selling to new markets

In support of the NEI, the U.S. Census Bureau published a special edition of the TradeSource newsletter subtitled, “The Exporter’s Toolkit:  Your Guide to U.S. Government Exporting Resources.” The guide is a step-by-step framework for going global and covers topics including:

  • Where to Start
  • Prepare Your Business to Export
  • Picking Your Market/Trade Research
  • Finding Buyers/Making Contacts
  • Financing
  • Documents and Shipping
  • Understanding Regulations
  • Avoiding and Resolving Problems
  • Exporting Agricultural or Food Products
  • Useful Web Sites by Agency

Under each of these headings is a description of available services and resources provided by U.S. federal government agencies and links to online tools. The chapter on financing details how the Export-Import Bank of the U.S. (EXIM) helps small business exporters by providing export credit insurance to protect against nonpayment by foreign buyers, and working capital loan guarantees to improve cash flow and assist exporters in building the products needed to fulfill international orders.

It is widely reported that 95 percent of the world’s consumers live outside of the U.S. and that U.S. goods and services are in high demand throughout the world. There is opportunity, there are resources and there is practical advice.  What’s holding you back?

Learn More

Want to learn more? Download the U.S. Census Bureau’s July 2012 TradeSource Special Edition The Exporter's Toolkit:  Your Guide to U.S. Government Resources and contact EXIM Bank for a free consultation.

Get a Free Export Finance Consultation Today!