Washington’s leaders focus on opening up international trade opportunities for small businesses
Commerce now has in-country representation in 10 countries helping our state’s small businesses grow through exporting and international business partnerships
The math speaks for itself. Export opportunities are a winning opportunity for Washington businesses.
· Jobs: At least one in four jobs in Washington state is connected to exports. The state’s economy is more closely aligned with international trade than any other state.
· Markets: More than 80% of the world’s purchasing power is outside the United States, making exporting a consistent source of growth and opportunity for businesses of all sizes. Currently, fewer than 1% of U.S. companies engage in export.
· Profits: It’s estimated that companies that export are 17% more profitable than those that don’t.
· Resiliency: Exports and international business development have been an important factor in our state’s resilience, helping many businesses ride out the last several recessions.
Read the full story on our Medium site.