Exports are critical to the American economy: they stimulate economic growth, help to balance the trade deficit, and create jobs. For manufacturers, they open up new markets: 95 percent of the world's consumers live outside of the U.S. and while increasing sales is a top priority for many manufacturers, exporting also helps businesses to be more competitive and successful. Diversifying globally protects firms from slow-downs in any one country. International networking can lead to the development of new processes, technologies, skills, and product applications and engaging with customers overseas also spurs innovation.
Results are based on average impacts per MEP Client that received services over the life of the ExporTech™ program.