Small and mid-size companies can grow and prosper through exports was the theme of today's meeting with Under Secretary for International Trade Francisco Sánchez and Representatives George Miller (CA-7), Jerry McNerney (CA-11), John Garamendi (CA-10). The discussion focused on how Bay Area businesses can become more competitive in the global marketplace and create jobs in California by exporting. Small and medium-sized businesses comprised more than 96 percent of California businesses that exported in 2008, and generated 44 percent of California's total merchandise exports that year.
"Exporting is important to our economic future," said Sánchez. "That's why President Obama launched the National Export Initiative, or NEI, which mobilizes departments throughout the federal government to work together to help double U.S. exports by the end of 2014 supporting several million jobs."
"Northern California has extraordinary opportunities to manufacture cutting edge goods and to export them abroad. We need to Make It In America, and sell it to the world," Congressman Garamendi said. "From UC Davis to the Livermore Labs, from UC Berkeley to the Silicon Valley, our region is ready for another economic revolution. We are already blessed with successful clean energy, transportation, and biomedical firms, and the International Trade Administration and Small Business Administration are working closely with us to broaden our manufacturers' reach."
"When we invest in our schools, our infrastructure, our research and development, and make it in America, we not only create jobs but our kids will be able to 'make it' in America," Congressman Miller said. "Today's forum represents the next steps we can take to create good jobs at home and support small businesses, entrepreneurs, and the middle class."
"As a former small business owner, I know firsthand both the challenges our local businesses face and the great potential they have to create jobs," Congressman McNerney said. "That's why today's event -- which aims to give small and medium sized businesses the tools to export goods -- is so important. This type of growth is key to our country's economic future. Our country will be stronger and our recovery more certain when small businesses are expanding and creating jobs."
The International Trade Administration (ITA) supports the NEI through expanding the number of small businesses entering the world market -- and increasing the value of exports for small businesses that are already exporting. In 2010, ITA's U.S. and Foreign Commercial Service assisted more than 5,500 companies export for the first time or increase their exports -- 85 percent of which were small and medium-sized businesses.
The International Trade Administration (ITA) is the premier resource for American companies competing in the global marketplace. ITA has 2,100 employees assisting U.S. exporters in more than 100 U.S. cities and 75 countries worldwide. For more information on ITA visit www.trade.gov.