Best Way to Stimulate an Economy? Export!

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According to Rob Lawley, head of international trade at UK Trade & Investment (UKTI) West Midlands, exporting makes people think more about their products and company.  In addition, he says, "Businesses that trade internationally have a better survival rate. They can become more profitable and are more likely to grow."

And I just love this line in the article:

EXPORTING could be the shot in the arm businesses need to survive as the economy flatlines.

Read the entire article here.

Export: How Ventrac Did It

One Way to Expand a Small Business Is To Export

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More and more small businesses are positioning themselves to go global.

"According to small businesses, the only way a business can expand is to export," said trade consultant Al Elgendy at a recent San Bernardino Economic Development Agency workshop for entrepreneurs looking to expand globally, as quoted by the Inland Valley Daily Bulletin. "It reduces the dependency on the domestic economy. When there's a downturn in the economy, the only way to expand is to go global."

Read more here.

New Rule Benefits Women-Owned Global Small Businesses

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A rule, published in the Federal Register, by the United States SBA to boost opportunities for small businesses owned by women was finalized this week and expected to be fully implemented in 2011.

The program authorizes 5 percent of federal contracts to be set aside for women-owned small businesses where the anticipated contract price does not exceed $5 million in the case of manufacturing contracts and $3 million in the case of other contracts.

Under the Jobs Act provisions that went into effect recently, SBA has permanently increased 7(a) and 504 limits from $2 million to $5 million, and for manufacturers and certain energy-related projects seeking 504 loans, to $5.5 million.

At it relates to international trade:

The maximum for International Trade and Export Working Capital loans also has been increased from $2 million to $5 million.

SBA also permanently increased microloan limits from $35,000 to $50,000, raised the limit on Export Express loans, from $250,000 to $500,000, and made the program permanent.

SBA Express loan limits have been temporarily raised from $350,000 to $1 million for one year.

Read more here.

Entrepreneurial Export Enabler

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Meet Paul Yap, age 37, born in Selangor and currently living in San Pablo, California as an Entrepreneur. Or, as we call him: Entrepreneurial Export Enabler

Read about what he's up to: Crutch for small businesses

When It Comes To Exporting, Don't Think It, Do It

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The Small Business Administration (SBA) is encouraging you to export.

Go here for more details.

Posted by: The Global Small Business Blog

Let's Work Together to Invigorate SMB Exports!

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Who stands the best chance at boosting American exports? Small and medium-sized businesses (SMBs).

'Every team within our building will be involved in this effort to determine what we can do now to make our trade policies more effective in helping small and medium-sized businesses, as we are in assisting ... multinational corporations,' U.S. Trade Representative Ron Kirk told reporters.

Read more here.

Export Boomcountry

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Surging American exports lighten the gloom. As the dollar skids, small businesses manage to hit a home run with exports. Thank goodness we knew this was coming. Read more here.