Small businesses across Arkansas — and that includes, say, tech-based startups — should look into exporting. The Arkansas exports awards banquet is set for May 22, and nominations are being sought.
Global trade has a huge impact on Arkansas’ economy, and companies that export, on average, grow about 1.3 percent faster and are 8.5 percent more likely to stay in business than non-exporting firms.
Innovate Arkansas client BlueInGreen jumped into exports last year and already has a person on the ground in Brazil marketing the firm’s water oxygenation and ozonation products. In fact, the company is looking into a pilot project with a Sao Paolo water district.
Francisco Sanchez, the undersecretary of commerce for international trade who leads the International Trade Administration, recently touted BlueInGreen’s efforts in an Arkansas Business commentary.
The ITA operates offices across the country and the globe, including Little Rock, to help promote U.S. exports.
Speaking of, Arkansas exports are on the rise, and why not? About 95 percent of the world’s customers live outside the U.S.
All of which leads us back to this — nominations are being accepted for the 2013 Governor’s Award for Excellence in Global Trade (the Arkansas export awards). The fourth-annual event will go down at a May 22 luncheon hosted by Gov. Mike Beebe at the Governor’s Mansion.
Go to Exports.gov/Arkansas to nominate a company, sign up to attend or perhaps even look at one of the many sponsorships available.
For more information, call the Arkansas export assistance office in Little Rock at 501-324-5795.
Here’s coverage of last year’s event from AB: