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Why these Elite Lone Star State Cities are Right for Your Business

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Why these Elite Lone Star State Cities are Right for Your Business

When it comes to site selection, there are a lot of big choices to be made. From locating a city with a business-friendly environment to selecting the perfect site to build your business, it can be hard to find a place that has everything you need if you go it alone. But that’s not a problem when you “Choose Texas.” The Choose Texas program wants to help you make the easiest choice you’ll ever make: to choose to relocate or expand in the Lone Star State.

The Choose Texas program helps new or expanding businesses looking to relocate in the state by introducing them to cities or towns that match their individual needs. Always free for businesses, the Choose Texas program can help with locating incentives, finding properties and getting valuable facetime with local economic development professionals. For more than 25 years, the team at Choose Texas has been helping new and expanding businesses relocate to Texas, all the while helping grow the economy within the state. 

Whether you’re already considering a move to Texas or are just beginning your site selection journey, these Texas communities are eager to tell you why Choosing Texas is right for your business.

CENTRAL TEXAS

Belton

Located along the I-35 corridor between Waco and Austin, Belton has a population of just under 22,000 and access to a regional population of over 450,000. With current major industries that include military, government, manufacturing, retail, agriculture and medical, the Belton area boasts a young, skilled workforce that is perfect for shift and part-time labor. Belton is also close to Fort Hood, the largest U.S. Army training post in the country, with more than 900 retiring soldiers each month—many of whom elect to remain in the Belton area after discharge.

Ana Borchardt, director of Business Expansion and Retention for the Belton Economic Development Corp., cites the hospitable climate in Texas among the many things that make it prime for incoming businesses. “In most parts of the state, the climate allows for higher productivity, housing costs are mostly below the national average, and the people are friendly,” explains Borchardt. “In addition, the Texas hills, valleys, rivers, lakes and the Gulf Coast shoreline offer many outdoor recreational opportunities.” Belton is no exception. With its captivating scenery, highly rated schools and low crime-rate, the city is poised to welcome a variety of incoming businesses.

Mexia

Located along US 84 in the heart of the “Texas Triangle,” Mexia is just 90 miles south of the Dallas/Fort Worth metro area, and it connects to San Antonio, Houston and Austin via state and interstate highways, making it an ideal distribution hub. In fact, you can reach 93 percent of the U.S. population within 48 hours of Mexia.

Additionally, Mexia boasts a skilled workforce, with access to a more than 40-mile-wide labor pool of over 85,000 workers. Mexia workers excel in manufacturing, customer service administration and distribution, and local workforce training programs such as the Texas Workforce CommissionHeart of Texas Workforce and the Skills Development Fund can assist with training the next generation of employees for incoming businesses.

Click here to listen to their latest podcast.

NORTH TEXAS

Bowie

Just outside the Dallas-Fort Worth metro area in the famed Red River Valley area of Texas sits Bowie. Positioned at the crossroads of US 81, US 287 and TX 59, Bowie is just 90 minutes from downtown Dallas, an hour from Fort Worth and under an hour from Wichita Falls. With a variety of available properties and workforce development programs at the ready, Bowie can help your incoming business get off the ground running. 

A designated 4A and 4B sales tax community, Bowie offers incoming businesses a one-stop-shop for economic development. The city of just over 5,500 provides site selectors with a lower cost of doing business, along with highly rated schools, excellent healthcare and a thriving business community.

Corsicana

Located 58 miles south of downtown Dallas, Corsicana has made a name for itself, especially in the food manufacturing industries. Formerly the home of Wolf Chili, Corsicana today boasts the Collin Street Bakery, a famous fruitcake bakery, and Russell Stover. It is also where distribution centers for retail giants like Kohl’s and Home Depot are located. Though the city is outside of the traffic and congestion of its neighbors, thanks to its proximity to the Dallas-Fort Worth metro area Corsicana benefits from the convenience and access to the city but provides businesses and residents with lower operational costs than the big city. 

Commercial flyers are just one hour away from DFW International airport, and those looking for cargo airports are within 75 minutes of Fort Worth Alliance Airport. Just 200 miles from the Port of Houston and 230 from the Port of Beaumont, Corsicana is convenient to ocean freight terminals. It is also accessible by rail, with service from the Union Pacific and Burlington North Santa Fe railroads. It is also just over 30 minutes to the Union Pacific Dallas Intermodal Terminal.

TexAmericas Center

The New Boston, Texas-based TexAmericas Center is one of the largest industrial centers in the Americas. Located just 15 miles west of Texarkana, the center boasts 12,000 acres with 3,000,000 square feet of industrial space, and it is the lowest aggregate mile location in Texas to reach the North American market.

TexAmericas Center Executive Vice President Eric Voyles believes businesses should Choose Texas because of the state’s diverse economy “where many industries can flourish.” According to Voyles, his center prides itself on working with small to medium-sized companies that may not have otherwise gotten a chance—and helping them flourish in a competitive marketplace. “We know these companies are growing and need to move quickly,” says Voyles. “They have opportunity NOW, and our focus is on providing speed-to-market real estate solutions. The match is perfect, and TexAmericas Center has developed a niche of meeting the needs of these often-overlooked employers.”

That’s a sentiment that Voyles says rings true throughout Texas and the Choose Texas partners. “Texas and many of its communities have invested in themselves in order to make choosing the right location less risky, especially when it comes to workforce development decisions. TexAmericas Center prides itself on being a ‘can-do’ company. We actively challenge the companies we work with to ask us to help solve their business problems.” 

 Cedar Hill

Just 20 minutes from downtown Dallas, Cedar Hill is a rising star in the economic development marketplace. Cedar Hill offers incoming businesses low taxes, low costs of living and a skilled workforce of more than 1 million people within a 30-minute commute. Cedar Hill hosts over 3 million square feet of retail and class-A office space, all without the cost and congestion of larger nearby cities.

Andy Buffington, Marketing and Research manager with the Cedar Hill Economic Development Corp., says site selectors should bring their businesses to Texas because the of the state’s reputation as a growth leader, especially when it comes to business incentives. “It’s estimated the state spends 1.3 percent of its GDP on business incentives,” says Buffington. “Texas also offers a variety of non-profit and government-backed programs for assisting small businesses with funding, coupled with the fact that neither corporate nor personal income tax are put on enterprise.”

DeSoto

Not far south from downtown Dallas, DeSoto is a uniquely poised city with the benefits of access to the big city and major highways, but without the higher cost of doing business in a metropolitan area. DeSoto currently has more than 400 acres of shovel-ready land, and 93 percent of U.S. markets are within two days or less via truck from the city of just over 56,000. With 90 percent of DeSoto’s workforce holding a high school diploma or higher, it’s no wonder that the city boasts a low 5 percent unemployment rate for its labor force of nearly 30,000. In fact, DeSoto’s labor force is growing faster than the national average.

 Joe Newman, CEO of the DeSoto Economic Development Corp., believes that the labor force and partnerships with organizations such as the Texas Workforce Commission are just a few of the key reasons businesses are so eager to call Texas home. That, coupled with a little help from their friends. “Oftentimes large companies see what their peers in other industries are doing and inquire as to why that firm moved,” Newman says. “Most often it is logistics or workforce, and most communities offer attractive incentives to justify such a move. As more and more companies move to Texas, it causes a synergy that attracts others.”

GULF COAST

 Brazoria County

One of the fastest-growing counties in Texas is home to the Brazoria County Alliance, an organization that was formed to “promote and diversify” the county’s economic base and attract high-wage jobs. 

Located in the southeast part of the state in the Houston statistical area, Brazoria County has a population of more than 313,000.

 Matagorda County

Beautiful Matagorda County is halfway between Galveston and Corpus Christi and just 65 miles from the Houston metropolitan area. The county boasts a population of more than 36,000 with a total workforce population of over 18,000. The average household income of Matagorda County residents is $40,860, and the major industries include education, healthcare, farming, ranching, seafood, petroleum, manufacturing, pipeline and production among others.

The county, which is part of a growing energy cluster, is seeking retail and residential partners to help fill the growing needs for the workforce of the future and for the tourism industry for beachfront needs. The county is home to the Port of Palacios, which boasts one of the largest shrimping fleets in the Gulf of Mexico, and the Port of Bay City, which is home to a terminal turning basin and includes a modern concrete dock, metal shed and liquid cargo dock. With a 200-foot-wide channel and an average depth of 12 feet, the Port Turning Basin and Terminal Facility are conveniently located 15 miles from the Colorado River locks at the ICW.

EAST TEXAS

Grapeland/Crockett

Named for the legendary David Crockett, who is said to have camped in the town on his way to The Alamo, Crockett, Texas is the Houston County seat. Today, the storied town of 23,000 is more than just a stop along the way; it’s home to a thriving community with industries ranging from manufacturing to logistics.

In fact, Grapeland/Crockett is in an ideal position for your business’ logistics needs of the future. With projected area growth of 25 million more people to the Texas Triangle area in the next 30 years, Grapeland/Crockett provides a low traffic impact that will likely avoid the bottlenecks and traffic congestion that is projected for other nearby areas. Plus, with its proximity to highways US 287, TX 19 and Highways 21, 7 and 9, it has access all its own.

Mount Pleasant

Located in Titus County, Mount Pleasant has a population of 32,000. Thanks to its proximity to major transportation routes, the community owes much of its success to the transportation industry as well as the people working behind the scenes to ensure that sector’s success.

 Also known for its timber and poultry industries, Mount Pleasant is currently working to expand its workforce repertoire through a partnership between the Mount Pleasant Economic Development Corp. and the local community college system. Called the Manufacturing Technology Training Center, this workforce education program trains students in entrepreneurial skills that will help ensure Mount Pleasant remains a leader in Texas business for years to come.

WEST TEXAS

Floydada

Located in Floyd County, Floydada is known as the Pumpkin Capital of Texas. With high premiums on education, Floydada is the only city in the state that has the honor of their schools being Apple Computers’ distinguished schools. 

Floydada also has many free workforce training programs for residents that are run through the Floydada Professional Development Center and the Floydada Economic Development Corporation. Employers can even request financial assistance to train workers through the Skills Development Fund and the Self-Sufficiency Fund as administered by the Texas Workforce Commission

Seminole

Located at the northern portion of the Permian Basin and along the southern portion of the agricultural South Plains of Texas, Seminole is best known for its agriculture and oil and steel production. The town has a highly skilled workforce with expertise in fields ranging from metal and woodworking to carpentry and construction.  

A family-oriented community, Seminole also boasts a low crime rate and diverse business community.

Andrews

A city experiencing tremendous transformation, Andrews was initially built on oil and has since become one of the “most progressive” communities in West Texas, diversifying its portfolio of businesses in recent years. “Andrews is in the middle of the shale oil boom and we provide a great location for companies to set up business and serve clients all over the Permian Basin,” says Morse Haynes, executive director of Economic Development for Andrews.

 With significant investments in the city and education system, Andrews is now a modernized community poised to take on new businesses, but with expertise in everything from manufacturing to energy to chemicals. It is that very investment in the Texas workforce that Haynes believes is what sets the state apart from other states. “Texas has over 14 million productive workers along with top-notch schools that continue to grow our workforce,” he says. That, combined with the world’s most diverse economy, “provides job opportunities and a quality of life second to none.”

 Stamford

Part of the Rolling Plains area of Texas, Stamford has a population of just over 3,000 people. Located along US Highway 277, the small town has a strong economy in agriculture and natural resources.

Named in 1900 for the Stamford, Connecticut, birthplace of Central Texas Railroad President Henry King McHarg, the town today boasts a convenient location that is desirable to incoming businesses. Just 41 miles north of Abilene, and fewer than 150 miles west of Fort Worth, Stamford is close to both DFW International airport and the DFW Metroplex. It is also under 150 miles southeast of Lubbock.

Dumas

Located in Moore County, Dumas is halfway between Dallas and Denver, Colorado, and just 45 miles north of Amarillo. With just over 14,691 people, Dumas has one of the lowest unemployment rates in the U.S., and it leads the state in retail growth. Dumas counts as major industries beef slaughtering, chemicals, gas and oil. 

The city places a high premium on education, with a branch of Amarillo College located in town as well as the North Plains Opportunity Center, a training center for  at-risk students and continuing education.

Check out their GT Podcast here. 

NORTHWEST TEXAS 

 Amarillo

The largest city in the Texas Panhandle, Amarillo is the 14th most populous city in the state, with a population of approximately 276,000 in its metropolitan area. Amarillo boasts a young, educated and non-unionized labor force that grew by more than 15 percent from 2000 to 2011. 

Amarillo prides itself on being able to match incoming businesses with valuable incentives and a skilled workforce, and it offers a number of workforce training programs.

Canadian-Hemphill County

Referred to as the “Oasis of the High Plains,” Canadian-Hemphill County is situated on the Oklahoma border. Founded in 1876, the county was named for Judge John Hemphill. The name Canadian comes from the Canadian River, a nearby tributary of the Arkansas River. Though Canadian-Hemphill County has a population of fewer than 11,000 people, it has a lot to offer incoming businesses, including available land, incentives and access to workforce training programs. 

“Simply put, Texas is open for business,” says Shane Spencer, executive director at the Canadian Hemphill County Economic Development Corporation. “Its lower tax rates and lack of personal income tax make Texas great for employers.” And that includes smaller communities, like Canadian-Hemphill County. “Texas consistently has a growing economy,” Spencer says. “It is such a huge state, there is plenty of room to grow and also to reuse sites for new companies.”

 With connections to nearby highways such as US 60, US 83 and Highway 33, Canadian-Hemphill County is well connected to the rest of Texas and Oklahoma. “Texas has a huge interstate system and roads that are built to carry those across the country,” says Spencer. “The Dallas-Fort Worth, Austin and Houston areas can support global sized companies with large amounts employees, and our other towns and cities can play host to smaller ones.”

But don’t let the size of those smaller cities and towns fool you. As Spencer notes, smaller infrastructure doesn’t equate to slower service. “Companies continue to take advantage of Texas’ business climate because of ease and speed of getting a company up and running. Also, infrastructure is always growing to allow expansion of businesses.” Ultimately, Spencer believes when it comes down to it, it’s the people of Texas that make doing business there so much better than anywhere else. “When your employees are happy, the company performs well. Companies have discovered that there are a lot of happy workers in Texas!”

Click here to listen to their GT Podcast.

Shamrock

The first Route 66-city in Texas upon eastern approach, Shamrock is home to not just the famous historic U-Drop Inn but to a vibrant, thriving West Texas community. Located at the intersections of I-40 (Route 66) and 83, the city of just under 2,000 residents is a well-connected cultural hub in the Panhandle, with landmarks, museums and a famous St. Patrick’s Day festival that is so big it’s considered the official St. Patrick’s Day Celebration of the State of Texas.

With more than 600 hotel rooms, the city is well equipped to handle tourism and visiting business guests. It is also a notable hunting community. Shamrock is just 90 minutes from Amarillo (along I-40), three hours to Lubbock and about two-and-a-half hours to Oklahoma City.

SOUTH TEXAS

Harlingen

Located in the Rio Grande Valley, along the border of Mexico, Harlingen, was recently named the No. 1 Least Expensive Urban Area in the U.S. by the Council for Community and Economic Research. Though not a household name, Harlingen has become somewhat of a “best kept secret,” with an economic climate that’s heating up as the city continues to attract more businesses thanks to its proximity to the border. But besides location, Harlingen offers incentives and workforce training programs from South Texas that make it a bargain for many incoming businesses.

“Texas is so appealing to many people because of our diversity in climate, culture, geography and much more,” says Raudel Garza, the manager and CEO of the Harlingen Economic Development Corporation. “Our workforce training partners such as Texas State Technical College, with campuses throughout the state, work locally to help solve labor requirements for companies. Local utility companies along with the Texas Department of Transportation invest in Texas to improve access to electricity, clean water, great highways, rail and so much more. Texas has everything a growing company needs to succeed, from a young trainable diverse workforce to easy access to markets.”

But, according to Garza, the reason businesses are flocking to Texas is that the state has more to offer than just business incentives. “Texans enjoy all the amenities of both big city life and country living,” he explains “Large companies know about our standard of living and they understand that Texas is drawing people in because of all they can do here—not only during work hours but also when one is at home or nearby at play. Companies want a reliable labor force, and Texas provides all the amenities such a labor force wants, thus keeping people happy and productive.”

Orange County

Located in the southeast corner of Texas, Orange County has a population of more than 81,000. Orange County’s major industries include petroleum, rice farming, shrimping, paper milling and recently, shipbreaking. The county provides workers with training programs and opportunities to help advance skills zero in on the specific industries that help the county thrive. Orange County is home to a workforce of 39,824 workers, with an unemployment rate of just 5.5 percent.

With its convenient border location, Orange County is close to navigable waterways, major railways, interstate highways and the Louisiana border. As for air travel, Orange County has access to 18 airports within 50 miles, including Orange County Airport and Lake Charles Regional Airport in Lake Charles, Louisiana.

SOUTHWEST TEXAS

Boerne-Kendall County

With a growing population that currently exceeds 46,000, Boerne-Kendall County is projected to expand by 24 percent over the next five years. The seventh fastest growing county in the U.S., and the third fastest growing in Texas, Boerne-Kendall County is already home to a vast multi-skilled, multi-cultural workforce with above average levels of education. Boerne-Kendall County workers have a strong background in biosciences, aerospace, cybersecurity, renewable energy, military and more.

The county is also conveniently located just 10 miles north of San Antonio, and it is central to numerous highways that lead to the Dallas and Austin metropolitan areas, as well as the Texas coast. Within 50 miles of Boerne-Kendall County, there are 25 colleges, universities and trade schools that provide a population of nearly 150,000 college students, who add new energy to the pool of approximately 387,000 workers that already call Boerne-Kendall County home.

WEST CENTRAL TEXAS

Leander

Ranked by Forbes magazine as No. 3 in America for the Best Small Cities for Families, Leander is a northwest suburb of Austin that was also named the Fastest Growing City in the Nation with a population of over 15,000 by the U.S. Census Bureau.

Leander has all the benefits of doing business in Austin without the high overhead and traffic. Leander has its own commuter rail, a lower cost of living and an award-winning education system that consistently ranks high in Texas’ STAAR testing. The city is poised to welcome not just new businesses but a new workforce, too. With more than 14,000 new housing units expected to be built within the next decade, this dynamic community is prepared to welcome you and your business.

To learn more about doing business in Texas and how the Choose Texas team can aid in finding a new location for your expanding or relocating business, visit www.Choose-Texas.com to register your project or request information. 

demand

Adapting Supply Chains for Increased Consumer Demand and Same Day Shipping

Same-day and next-day shipping options are increasing, and consumers are beginning to desire expedited shipping options with minimal delay. Through new technologies, space optimization, and supply chain auditing, there are various ways companies can adapt to this demand.

There used to be a tattered cartoon taped to every dry cleaner’s cash register. There’s a man laughing — holding his stomach, actually, as the joke is so funny — with a bold face caption that reads: “YOU WANT IT WHEN?!”

Faced with minimal competition, it was a time when companies held production and delivery control, with consumers at their mercy to indeed receive their press garments at a time of the dry cleaner’s choosing.

Those days are long gone. Armed with just a digital device, consumers have numerous options in finding suppliers who can provide things whenever they desire. As such, they expect — rather, demand —products and services on their terms.

As a result, companies must either adapt their supply chains to accommodate these expectations or find themselves with diminished market share. Below are key areas that companies must address to compete in today’s on-demand environment.

Take inventory of your inventory

As a first step, perform a comprehensive audit of your entire supply chain, even hiring a third-party specialist to develop the critical assessment. Such a deep-dive look will measure delivery accuracy, on-time performance, worker productivity and even call center effectiveness, all significant contributors to the overall efficiency of your suppliers and their impact on your supply chain.

Find a better mousetrap

Once the audit is complete, it’s time to take action, which may mean making fundamental changes to your supply chain. If you’re currently operating with a hub-and-spoke distribution model, for instance, the feedback may point to achieving greater efficiencies by adopting a decentralized distribution model (and vice versa). Especially when it comes to last-mile delivery, partnering with a third-party provider can also help, providing you with the fast turnaround that your customers expect without straining your existing operations.

Get your house in order

Any fundamental change to the supply chain must include enhancements to warehouses, adopting technological advances that deliver greater efficiencies. For some, this may mean incorporating a short-interval waving warehouse management system (WMS), which allows orders to be dispatched in clusters or waves. Other advances automate the sizing and selection of cartons, which makes packing more efficient while streamlining costs.

Taking things personnel-ly

Until supply chain logistics can all be outsourced to robots, bottom-line performance ultimately depends on the availability and performance of your employees. To those ends, leverage technology to minimize labor supply disruptions, especially during holiday seasons when demand peaks. (This is increasingly important as unemployment reaches record lows, further diminishing the labor pool.) Technology should also be used for scheduling and training, which delivers greater efficiencies and even job retention, as greater scheduling flexibility leads to increased employee satisfaction and loyalty.

Consumer demand for ever-shrinking delivery timelines makes ongoing supply chain refinements no longer optional, but mandatory. Your long-term success depends on it.

_________________________________________________________________

Neil Wheeldon is vice president — solutions at BDP International in The Hague, Netherlands.

SMEs

HOW TO EXPORT TO THE UNITED STATES: 6 SIMPLE STEPS FOR SMEs

According to the Organization for Economic Cooperation and Development, International Trade Statistics 1, participation in exports remains largely led by large enterprises (250 or more employees) in industrialized countries. In developing countries, the story is the same, and only a small percentage of small and medium sized businesses export at all. The World Trade Organization (WTO) reports that SMEs in developing countries make up roughly 45%, on average, of a country’s Gross Domestic Product (WTO, 2016), but SMEs’ exports represent on average 7.6 per cent of total manufacturing sales, compared to 14.1 per cent in the case of large manufacturing firms (WTO, 2016).

If you want your small or medium-sized business to get a piece of the export pie, according to the OECD Trade Committee, there are a number of challenges to be overcome. These include everything from limited access to credit, insufficient use of technology, and lack of export experience, to border controls. The most significant challenge posed, remains learning the ins and outs of getting your product from your country to foreign markets in a cost effective manner. These tips can help your small business become better equipped to enter the exciting world of exports.

The first stage in export planning is to investigate the market and identify your reasons for exporting to customers.
First, determine demand. You need to know where in the U.S. your product is needed. If you sell bathing suits, better export to Florida and California than to Nebraska or Alaska.

Second, you’ll need access to buyers. Start with researching buyers on the Internet, use your local U.S. Chamber of Commerce as a first resource, followed by the Economic Officer in the U.S. Embassy or Consulate in your country. Then, watch for upcoming trade shows where your goods could be featured.

Next, either start selling directly on your own ecommerce platform (secure payment and delivery systems should be integrated), or build a relationship with an international trade agent, whom you trust to help you navigate state and city markets, regulations, and opportunities for you to sell your goods in the U.S. , either to wholesale distributors, or directly to retailers. Improved logistics channels, eCommerce, and free trade agreements make that possible.

Third, find out what, if any, tariffs or exemptions exist for your goods. If there are no trade agreements between your country and the U.S., exempting your goods from tariffs, you’ll need the help of a U.S. licensed Customs Broker. A U.S. Customs Broker will be familiar with the Harmonized Tariff Schedule of the United States (“HTSUS”), and help you classify your goods and determine the tariffs you’ll have to pay to the U.S. Customs and Border Patrol, before your goods can enter the United States.

The National Customs Brokers and Freight Forwarders Association of America can easily provide brokers in the state or region you’re targeting.

Fourth, once you’ve got a better understanding of your profit margin to determine how you’ll sell your goods in the export market, you may wish to consider how to potentially mitigate any risks that can occur while your goods are being shipped, or once your goods arrive at their destination and are with the buyer(s). There are payment risks, damage or destruction of goods risks, documentary risks with customs, and many others.

You may have access to a good trade and customs attorney in the originating country, but he or she may not be thoroughly familiar with U.S. trade compliance requirements. In that case, you may benefit from consulting with a U.S. international trade lawyer to learn how they can help you mitigate risks in exporting by intervening with customs on your behalf, managing disputes through a properly drafted contract, and putting you in touch with relevant agents for information on U.S. trade insurance and compliance with government regulations.

In the U.S., generally, a phone or email consultation with a reputable lawyer would be free. If they want you to pay to talk with them for a few minutes about your problem and find out if they can help you, then hang up and call another lawyer.

Fifth, you need to build a relationship with a reputable freight forwarder or consolidator, who will help you decide: whether to ship by air or by sea; what documents are required for the country you are exporting to; how to pack your products for shipment; label them, and insure them. Normally, the freight forwarder will take care of it all, for a premium, but beware of INCOTERMS (regulations that define the responsibilities of buyers and sellers involved in commercial trade).

You must have at least a basic understanding of them to comprehend the shipping documents your freight forwarder will have you sign, and to protect your rights and limit liability.

Sixth, yes exporting is exciting, but it’s also risky doing business across oceans and continents with buyers you don’t know and may never see. To that end, there are many export resources in the originating country that companies, small and large, can benefit from. Usually Chambers of Commerce are a good starting point. There are associations of American Chambers of Commerce in every region of the world; just check the American Chamber of Commerce online directory for the specific one in your region or country.

Your own government’s resources can usually also offer invaluable information and global networks, including relevant contacts in the U.S. This is particularly helpful if you have a problem that can be fixed by your government seeking the intervention of commercial or economic officers at the local U.S. embassy in your country (keep in mind though that the Embassy is meant to assist U.S. citizens and residents, not foreigners).

Further, your local manufacturers association(s) may have members who have exported in the past, and can share their expertise. Lastly, commercial banks and local Export-Import Banks can guide you on how to leverage export financing, and minimize your financial exposure, when transacting business with foreign buyers.

Against this backdrop, you can reduce the external challenges SMEs face in trading, and better manage the uncertainty inherent in doing business internationally, all while making a healthy profit and expanding to new markets.

Magda Theodate is an international trade attorney and Director of Global Executive Trade Consulting Ltd. She works as a senior consultant for international development agencies in lower and middle income countries, resolving project execution challenges affecting trade, procurement and governance. To learn more, please visit: www.globalexecutivetrade.com