The SBA has waived its fees on Export Express loans of $150,000 or less - no guaranty fee and no ongoing fee. Guaranty percentage remains at 90%. An Export Express loan can be used as revolving line of credit for export purposes, to support standby letters of credit or as a term loan. Borrowers also qualify for 25% Ex-Im Bank credit insurance discount. For more information call SBA Export Solutions Group 216-522-4731 or email Patrick.Hayes@sba.gov.
GlobalTarget Mentorship Program MAY 2014 - FEB 2015
Only in Ohio: Learn from Northeast Ohio's best exporting companies!
The GlobalTarget program is the nationally awarded flagship program for the CSU Global Business Center, and is a program unique to Ohio. The program is designed to provide companies with the know-how (and the where-how), experience and networking skills required to so they may enter new global markets more quickly and effectively.
GlobalTarget members will benefit from partnerships with top exporting companies of Northeast Ohio, U.S. Commercial Service, the Ohio International Trade Assistance Center and FedEx. Enrolling in GlobalTarget includes:
- access to a designated mentor from companies such as Swagelok, Step2, Codonics and Hyland Software among others;a customized export market research report;one sponsored service from the U.S. Commercial Service office (courtesy of FedEx);access to Cleveland State University students and faculty to lead customized investigative research for your company; and
- and access to many other groups through CSU (e.g., Sustainability, Innovation, Research); Ohio Development Services Agency and other providers in Northern Ohio and beyond.
To enroll or for questions, contact Nate Ward.
US Commercial Service DISCOVER GLOBAL MARKETS Business Forum Series 2014
The US Commercial Service is proud to announce this unprecedented national series of conferences to help US business compete, win, and grow in the international marketplace. Looking to penetrate new overseas markets and boost your bottom line through exports? Then reserve your place now at a DISCOVER GLOBAL MARKETS (DGM) event in 2014.
DGM: Greater China - October 7-8, 2014, New York, NY
DGM: The Americas - October 29-31, 2014, Charlotte, NC
DGM: Africa - November, 5-6, 2014, Atlanta, GA
DGM: Healthcare and Life Sciences - November 17-18, 2014, Minneapolis, MN
Learn more/register: http://export.gov/discoverglobalmarkets/
Issuance of Ukraine-related Executive Order
This Executive Order allows the United States to sanction any individual or entity that is responsible for or complicit in actions or policies that undermine democratic processes or institutions in Ukraine or that threaten the peace, security, stability sovereignty, or territorial integrity of Ukraine. For more information on this specific action, please visit: www.treasury.gov/resource-center/sanctions/OFAC-
The US Small Business Administration's (SBA) Export Express, International Trade Loan and Export Working Capital Program (EWCP) are designed to help support small business exporters. SBA provides participating lenders with up to a 90% guarantee on amounts up to $5 million as an enhancement to facilitate the small business loan or line of credit. The SBA fees on loans less than $150,000 have been waived if approved before September, 2014. Exporters can use these loans for: general lines of credit for export purposes, standby lines of credit, debt refinance, participation in a foreign trade show, translation of product brochures or catalogues for use in overseas markets, service contracts from buyers located outside the US, transaction specific financing needs associated with completing actual export orders or purchase of real estate and equipment to be used in production of goods or services that will be exported.
Learn more: Contact Pat Hayes at 216-522-4731 or email@example.com
The U.S. Commercial Service is organizing the following events:
Healthcare Industry Sector in Thailand
YouTube video on opportunities in Thailand
Learn more: www.youtube.com/watch?v=s1XxbFPnIWA&feature=youtu.be
Our office is supporting the following partner events. This information is provided as a service to USEAC clients, and is in no way an endorsement of any firm or company:
Ohio Export Internship Program - Now Accepting Company Applications!
Upcoming Trade Missions and Trade Shows
November 11 - 13, 2014: Food-Focused Trade Mission to Turkey
The Ohio Development Services Agency and Food Export Association invite U.S. food companies to join a Food-Focused Trade Mission to Turkey. Mission participants will travel to Istanbul where they will have an opportunity to meet one-on-one with targeted buyers, receive a product market analysis prior to the visit, an in-market briefing, tours of supermarkets, a product showcase, assistance with lead follow-up and a networking reception. For more info and to register, please click here or contact Emily Tucker at (614) 466-5336.
Early registration deadline is July 8, 2014
New ITAC Office in Akron
Cleveland State University's Monte Ahuja College of Business, in partnership with the Small Business Development Centers of Ohio and the Akron Global Business Accelerator, has hired Mr. Nour Chehade to serve as its primary Trade Counselor in Akron's new International Trade Assistance Center.
Chehade's office, based at the Akron Global Business Accelerator, serves businesses located in Medina, Portage, Summit, Stark and Wayne counties.
The center provides free and confidential assistance to small and medium-sized enterprises looking to grow through exports. If you'd like to set up a free and confidential appointment with the International Trade Assistance Center at the Akron Global Business Accelerator, please contact Nour at firstname.lastname@example.org
RESOURCES FOR GOING GLOBAL
ITA Utilizes Free Trade Agreement to Keep US Company Competitive in Chile
Epson Chile reported that Chile’s customs agency had accused the company of undervaluing its imports of ink cartridges and other printing supplies. Epson maintained that it had not undervalued its goods and should not be subject to over $4 million in potential penalties and fines. ITA raised these concerns with the Chilean government specifically pressing the importance of transparent customs valuation procedures and predictable appeal mechanisms consistent with its trade agreement obligations. After review, the Chilean customs agency found that Epson was not guilty of undervaluing its products, in turn demonstrating the value of the WTO Customs Valuation Agreement and the U.S. – Chile FTA. If you have encountered a trade barrier you can report it by visiting http://tcc.export.gov/Report_a_Barrier/index.asp. Learn more about the Trade Agreements Compliance Program by watching our video at http://www.youtube.com/watch?v=UJu5JcdVot8
Promote Your Products Worldwide, In Print and Online
Commercial News USA, the official export promotion magazine of the U.S. Department of Commerce, offers exporters an inexpensive way to promote their products and services in 178 countries worldwide. Advertising rates start at just $499 for the USA Product Showcase section. In addition to free translation, you can take advantage of a special offer: Advertise in the next issue and receive a free featured listing on the ThinkGlobal.com B2B trade leads website. Commercial News USA reaches more than a quarter million buyers worldwide. Reserve your space in the next issue today. For more information, call 1-800-581-8533 x 822, go online to www.thinkglobal.us, or send e-mail to email@example.com. Follow Commercial News USA on LinkedIn and Twitter @comnewsusa.
Read the Digital Edition of Commercial News USA
Commercial News USA, the official export promotion magazine of the U.S. Department of Commerce, has launched a new interactive PDF edition. The new edition is available for free at http://cnusa.thinkglobal.us Commercial News USA offers exporters an affordable way to promote their products and services in 178 countries worldwide. Now, you can take advantage of a special offer: Buy two ads and get the third ad for free (Based on one-time rates. Does not include Showcase section). Moreover, you will receive a free online listing in Arabic. Commercial News USA reaches more than a quarter-million buyers worldwide. Reserve your space in the next issue today. For more information, contact your U.S. Commercial Service trade specialist, call 1-800-581-8533 x 822, go online to www.thinkglobal.us, or send e-mail to firstname.lastname@example.org
The U.S. Commercial Service - Your Global Business Partner. With offices across the United States and in more than 75 countries, the U.S. Commercial Service of the U.S. Department of Commerce's International Trade Administration uses its global Network and international resources to connect U.S companies with international buyers worldwide.