Created on June 2, 2015
A new data tool--International Trade and Investment Country Facts Application--on the Bureau of Economic Analysis website gives users a snapshot of statistics on trade and investment between the United States and another country by simply clicking on a world map.
These fast facts at your fingertips can include:
- Total exports, imports and trade balance between the United States and the country you select.
- The top five categories of goods and services the United States buys from and sells to that country.
- Country level data on U.S. direct investment abroad and foreign direct investment in the United States and on the activities of multinational enterprises such as employment and sales.
Created on June 1, 2015
On May 6th, NerdWallet hosted a Google Hangout with U.S. Department of Commerce representatives from the Minority Business Development Agency (MBDA). On behalf of the agency, Carmen West and Nick Perkins, of MBDA’s Access to Capital team, spoke with Cindy Yang, a small business expert at NerdWallet about how MBDA helps minority-owned businesses to grow in size and capacity.
San Francisco-based NerdWallet hosted the conversation as part of a mission to provide clarity on all of life’s financial decisions. To that end, NerdWallet provides various educational materials and tools for small businesses to use when tackling financial, legal and tax challenges.
Created on May 28, 2015
Cash flow is the lifeblood of all small businesses. Across the nation, thousands of small firms are searching for term loans, equipment financing, lines of credit, invoice financing, and real estate loans to help them build their business and create new jobs. Finding a business loan can be time consuming, and often times frustrating and disappointing.
Changes in technology have made the process of finding and securing a small business loan less tedious and time consuming. Online matchmaking services, pairing lenders with prospective borrowers, comprise a multibillion dollar industry. Examples include the TV commercial in which a creditworthy home buyer goes online and is delighted to find banks competing to finance her home. Small business lending is the next frontier for these online “matchmaking” services. Using the power of the Internet, commercial lenders are finding creditworthy business borrowers, while entrepreneurs are finding loan officers who are ready to sit down and talk specifics.
Created on May 26, 2015
With the Atlantic hurricane season beginning June 1, now is a good time to put a plan in place to protect your business, your employees and your family. May 24-30 is National Hurricane Preparedness Week, an initiative supported by FEMA’s Ready.gov campaign and the National Hurricane Center.
For tips and information about hurricane preparedness, visit www.ready.gov/hurricanes.
Created on May 22, 2015
This post originally appeared on the Tradeology, the ITA Blog
For more than 75 years, A Basic Guide to Exporting has helped U.S. companies make their first international sale and grow their businesses through exporting. Now, with an 11th edition, you may ask, what’s different? I’ll give you a few examples.
In this new edition, there is expanded information on cross-border e-commerce and export controls, as well as a new chapter on rules of origin in Free Trade Agreements. This edition also provides updated content on creating export plans to strategically start or increase export sales. Good news for the many small- and medium-sized businesses who might be “winging” their current export sales.
Additionally, A Basic Guide to Exporting features all new case studies including “micro multinationals,” which are small U.S. companies that sell to buyers in 30 or more countries. For example, Chapter 3 profiles Pennsylvania-based Zeigler Bros., Inc., a firm that researches and develops foods for animal and aquatic diets. The company made an early strategic decision to boost its bottom line by doing business overseas and has never looked back. Today, Zeigler supplies 300 different products to 50 countries, with exports accounting for more than 50 percent of overall sales. In Chapter 3, the guide describes how International Sales Manager Chris Stock overcame the challenges the company faced when trying to sell internationally, including helping customers deal with localized issues such as diseases that affect fish species being farmed, finding reputable partners, and gaining an understanding of environmental regulations in the countries where the firm does business.