DOC, SBA Unveil New Online Tool to Promote Exports by Small Businesses


Source: WorldTrade Interactive
Related Topics: International Trade Department of Commerce Small Business Administration (SBA) Small Business

The Department of Commerce and the Small Business Administration have launched a new online tool designed to help small businesses begin exporting to foreign markets. The tool consists of a six-step process that begins with a self-assessment to help potential exporters gauge their readiness to successfully engage in international trade. Upon completing the self-assessment, businesses receive a score indicating their level of export readiness and that score is used to identify additional resources that fit their specific needs. The self-assessment is followed by sections on training and counseling programs, resources to create an export business plan, information on conducting market research, assistance for finding foreign buyers, and information on export financing and foreign investments.

This online tool is part of President Obama’s National Export Initiative, which seeks to double U.S. exports over the next five years as part of a comprehensive effort to provide employment to an additional two million U.S. workers.

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