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U.S. Health IT Companies Experience a Boost in Export Opportunities

Blogged By: 
Matthew Hein, International Trade Specialist
Created on August 4, 2015
 

Healthcare ITThe Health Information Technology (Health IT) sector has become an important, dynamic sector reshaping the healthcare system in the United States.  As other countries increase investments in their healthcare systems, they are interested in investing in digital products and services, driven by computers and mobile phones, rather than through paper-based systems. As a result, U.S. Health IT companies have become prime candidates to offer the technologies and services needed to meet the requirements of the 96 percent of patients based outside of the United States. The International Trade Administration (ITA) is committed to providing U.S. Health IT exporters the data-driven market intelligence they need to succeed globally – whether finding a company’s next export market or comparing opportunities for first-time exporters.

This is the first Top Markets Report on the Health IT sector, providing exporters with analysis of future export opportunities, and possible barriers companies may encounter overseas. The Health IT Top Markets Report, part of the larger Top Markets Series, includes a methodology used to rank 80 potential export markets, eight country case studies, and several charts and graphs which show the market potential for the sector. The Health IT Top Market Report is forward looking, using data and analytics to project the strongest markets for future export growth; designed to help exporters compare opportunities across borders, identify opportunities for market expansion and/or market entry; and help exporters prepare effective strategies for entering or expanding their presence in foreign markets.

So what does the future hold for the sector? With approximately $7 trillion in healthcare expenditures worldwide, the opportunities available for the Health IT sector are vast. However, since the rules and regulations governing the sector may not be keeping up with the innovations being developed, companies would greatly benefit from counseling and guidance from ITA when exploring opportunities overseas, both from the Top Market Report, but also through the ITA network of resources located worldwide.

Small Business Funding: How to Get a Business Loan

Blogged By: 
NerdWallet
Created on August 4, 2015
 

This is a guest blog post by NerdWallet, which provides clarity for all of life's financial decisions and helps connect small business owners with resources to answer their funding, tax and legal questions. NerdWallet featured MBDA on a recent Google Hangout and is engaged in sharing resources with the MBDA network. A series of shared blogs will feature content provided by NerdWallet staff as part of MBDA’s continued support for Small Business Week 2015.

Business Loan ApplicationThe old adage that “it takes money to make money” often rings painfully true for small businesses struggling to grow and prosper. From overhead to inventory, the expenses required to run a business often seem staggering. Thankfully, plenty of funding is out there for small businesses in every sector.

Where can I find small business funding?

When it comes to loan offerings, small businesses have a number of possible entry points:

Five Drivers of Export Opportunity: U.S. Building Products and Green Building

Blogged By: 
Joanne Littlefair, Senior International Trade Specialist
Created on July 29, 2015
 

Green TechnologyThe vibrant global trend seeking a greener built environment will help create some $46 billion in export opportunity for a group of U.S. building product manufacturers by 2017, according to new report Top Markets, Building Products and Sustainable Construction from the International Trade Administration. U.S. manufacturers of heating, ventilation, air conditioning and refrigeration equipment (HVACR), lighting, plumbing, insulation, wood products, doors and windows and glass construction products are well positioned to deliver on the resource conservation and environmental improvement benefits that are key goals of green building, and to meet traditional construction requirements.

The ITA Top Markets study ranks 75 international markets in terms of 2017 sector export prospects, supported by country-specific case studies detailing market trends and the competitive state of play.  The study elaborates at least 5 key drivers of export opportunity:

Interested in Doing Business In Cuba? Join SBA Conference Call on July 29

Blogged By: 
SBA News
Created on July 22, 2015
 

Conference Call Small business owners often tell us that they have many questions about how to enter a new market - and those questions are magnified when it comes to doing business with Cuba.  There have been several changes to the bilateral relationship in recent months, and, to address your questions, I hope that you will join SBA Administrator Contreras-Sweet and other senior officials on July 29 at 4:00 p.m. ET to discuss the opportunities that exist for exporting to Cuba.

Today’s re-establishment of diplomatic relations with Cuba and reopening of embassies in Washington and Havana is an historic step marking the new direction in U.S.-Cuba relations announced by President Obama last December. This step was preceded by a series of significant measures: in January, the Departments of Commerce and Treasury amended their regulations to increase travel, trade and the free flow of information to and from Cuba.  In April, during the Summit of the Americas in Panama, President Obama met with Cuban President Raul Castro.  And after a six-month review, Cuba’s designation as a State Sponsor of Terrorism was rescinded.  Significant challenges remain, and the President has acknowledged the U.S. will continue to press the Cuban government on areas of concern, in particular human rights and basic freedoms.  And the trade embargo remains, which can only be lifted through Congressional action.  Nonetheless, the President’s decision to reestablish diplomatic relations with Cuba and ease some commercial and travel restrictions is a step toward increased economic opportunity in our hemisphere - particularly for American small businesses. 

New Top Markets Series Provides Data and Analysis to Help U.S. Exporters Compare Opportunities Across Borders

Blogged By: 
Marcus Jadotte, International Trade Administration
Created on July 22, 2015
 

Top Markets SeriesLast year, the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy. As the significance of exporting grows, the Obama administration and the Department of Commerce is committed to providing the data and analytics U.S. companies need to compete effectively in foreign markets.

To meet this objective, the International Trade Administration (ITA) is leading the NEI Next Initiative, a customer service-driven strategy that is delivering improved information to American businesses to help them win when competing abroad. Of course, winning in foreign markets is often a case of investing resources as strategically as possible – i.e., picking which market to introduce a new product; or choosing whether to expand in one market or focus on opportunities elsewhere. That is why we are proud to release a new product line today: ITA’s Top Markets Series.

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