This month on the Project Blog:
- June 21, US Department of Transportation Announces National Freight Advisory Committee
- June 20, U.S. Exports Set Quarterly Record in 2013
- June 18, Celebrate National Small Business Week from June 17-21
- June 7, Nine Michigan Companies and MEDC Go to Brazil on Trade Mission to Strengthen Ties and Expand Markets
- June 4, International Economic Development Council to Showcase MSU Regional Exporting Strategies Project
US Department of Transportation Announces National Freight Advisory Committee
U.S. Department of Transportation Secretary Ray LaHood recently announced the establishment of a National Freight Advisory Committee to provide information, advice, and recommendations to the Secretary on matters relating to freight transportation in the U.S. and implementation of the freight provisions in the Moving Ahead for Progress in the 21st Century Act (MAP-21).
The Committee includes 47 professionals from various industrial sectors, modes of transportation, and U.S. regions and will meet three times per year. Committee goals include developing a National Freight Plan and strategies to assist in the implementation of State Freight Plans. Achieving these goals will help improve the economy and reach President Obama’s goal of doubling U.S. exports by 2015.
The inaugural meeting will be held on June 25, 2013 at 9:00am at the Department of Transportation in Washington, DC.
U.S. Exports Set Quarterly Record in 2013
United States exports reached the highest quarterly total on record for the first quarter of 2013 at nearly $555 billion, according to the updated National Export Initiative Fact Sheet.
The Obama administration has made it a top priority to improve the conditions that directly affect the private sector’s ability to export, working to remove trade barriers abroad, help firms of all sizes and farmers overcome hurdles to entering new markets, and assist with financing.
Other notable achievements in the updated fact sheet:
- In 2012, U.S. exports hit an all-time record of $2.2 trillion.
- Exports as a share of U.S. GDP were 13.9 percent in 2012, tying the record set in 2011.
- American jobs supported by exports increased to 9.8 million in 2012, up 1.3 million since 2009.
- A record 295,000 U.S. SMEs exported goods in 2011, accounting for 98 percent of all identified exporters.
- In 2011, SMEs accounted for 33 percent of the overall value of U.S. merchandise exports.
The United States achieved record levels of goods exports in 2012 to the major emerging markets of Brazil ($43.7 billion), China ($110.6 billion), India ($22.3 billion), Russia ($10.7 billion) and South Africa ($7.6 billion). In fact, despite lagging growth in these countries, exports to Brazil, India, China, and South Africa have grown by 60 percent (or $73 billion) since 2009.
View the complete National Export Initiative Fact Sheet at Commerce.Gov
Celebrate National Small Business Week from June 17-21
The U.S. Small Business Administration is celebrating American entrepreneurship during National Small Business Week from June 17-21. Events honoring small businesses will be held in Seattle, Dallas, St. Louis and Pittsburgh and Washington D.C.
"... This week, we celebrate America's entrepreneurial spirit, and we recommit to helping our small businesses get ahead."- President Barack Obama
Individuals can also participate in the celebration remotely through Google+ hangout presentations on topics including: Getting Started with Social Media, Managing Your Business's Online Reputation, How a Mentor Can Help Your Business and How to Get a Business Loan.
The week will end with the announcement of the National Small Business Person of the Year.
Nine Michigan Companies and MEDC Go to Brazil on Trade Mission to Strengthen Ties and Expand Markets
Nine Michigan companies accompanied Michigan Economic Development Corporation (MEDC) staff on a 6-day trade mission to Sao Paulo, Brazil to strengthen relationships and attract new job-creating investments in Michigan, according to Michigan.gov.
In the South American market, Brazil represents a particularly strong growth market for Michigan companies. Michigan companies exported $692.6 million in goods and materials to Brazil last year, making it Michigan's 8th largest export market.
Other key Michigan-Brazil economic facts include:
- Michigan ranks 18th among U.S. states for exports to Brazil.
- Key Michigan exports to Brazil include transportation equipment, chemicals, machinery (except electrical), and computers and electronic products.
- Nine Brazilian-owned companies in Michigan employ some 887 Michiganders in 27 locations.
MEDC also announced the opening of the Michigan Brazil Center providing the state with a physical presence in Sao Paulo to attract foreign direct investment and expand export trade development.
International Economic Development Council to Showcase MSU Regional Exporting Strategies Project
The Regional Exporting Strategies Project at the MSU Center for Community and Economic Development will be showcased on a panel at the International Economic Development Council spring conference at 10:30 a.m. on June 11 in Ann Arbor, Mich.
Project director J.D. Snyder will participate on a panel entitled: FDI and Exports: The Economic Developer's Guide to Looking Abroad. The panel will be moderated by Russell Riblett, director of sales at GIS Planning in San Francisco. Other speakers include: Christopher Knight, international sales manager at FDI Intelligence in London, UK; and Mark O’Connell, CEO of OCO Global in Belfast, Antrim, UK.
“I’m honored to be on a panel with distinguished industry leaders from around the world,” Snyder said. “Our project is attempting to connect regions in Michigan with the global marketplace through exports and I sincerely appreciate the opportunity to present our work in front of an international audience at the IEDC spring conference.”
The International Economic Development Council (IEDC) is a non-profit membership organization dedicated to helping economic developers do their job more effectively and raising the profile of the profession. When we succeed, our members create more high-quality jobs, develop more vibrant communities, and generally improve the quality of life in their regions.
More information on the conference can be found at the IEDC Website.