• Heidelburg, Germany
• London, England
• Mexico City, Mexico
• Shanghai, China
Source: Tennessee Department of Economic and Community Development
Tennessee officials said Monday that new export offices in Mexico, England, Germany and China will open added markets to Chattanooga companies and others in the state.
“We want to de-mystify the process of exporting and take the risk and uncertainty out for small to midsize companies,” said Samar Ali, the state Department of Economic and Community Development’s assistant commissioner of international affairs.
Slated to open as early as later this week, the offices will mark the first time since 1997 that the state will have overseas sites solely dedicated to advancing Tennessee exports.
“Almost 20 percent of all Tennessee workers depend on the manufacture and sale of exported goods for their jobs,” said Gov. Bill Haslam in a statement.
During the last decade, Tennessee’s total export volume has more than tripled, according to the state. More than 6,400 Tennessee businesses employing 80,000 workers sold nearly $30 billion worth of Tennessee products around the world in 2011 alone, ranking Tennessee the 14th largest exporting state in the U.S., officials said.
ECD Commissioner Bill Hagerty said that when facing an uncertain global economy, it’s imperative Tennessee businesses take steps to access both untapped markets and those exhibiting an increase in purchasing power due to fluctuating currency rates.
Ali said large companies operating in Tennessee most likely already have international divisions so most of the benefit will be seen by small- to medium-size businesses.
The expectation is that each trade office will service 40 companies over the next year and link them with distributors and buyers, she said.
A variety of free services will be offered including business intelligence, market analysis, sales and marketing planning, identification of distribution partners and service providers, and company matchmaking.
“What we hope to do is that the more exports we sell abroad is the more jobs back home,” Ali said, adding that the effort is a long-term strategy by the state.
Mike Pare, the deputy Business editor at the Chattanooga Times Free Press, has worked at the paper for 27 years. In addition to editing, Mike also writes Business stories and covers Volkswagen, economic development and manufacturing in Chattanooga and the surrounding area. In the past he also has covered higher education. Mike, a native of Fort Lauderdale, Fla., received a bachelor’s degree in communications from Florida Atlantic University. he worked at the Rome News-Tribune before ...
related articles »
Tennessee exports have tripled in the past decade, but the state’s top economic development official said today there is room ...
Focusing on increasing the exports of Tennessee goods to key markets around the globe, plans are to open trade offices ...
Fifteen years after closing its state-run export office to save money, Gov. Bill Haslam decided to bring back an office ...
American businesses looking for a growing economy to market their goods should look south of the border, a top U.S. ...