by: Grow VC Group
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A key to expanding any business is finding more customers. Right now our country could expand access to customers in countries that represent two-thirds of the global economy. This expanded access would not only help large corporations, but it would also be particularly beneficial for the small businesses that drive our nation’s job growth. 

I’ve worked with many small and medium-sized businesses over my career, and I also co-own a small export management business. So I know firsthand that, although these businesses are smaller in staff and budget than the larger corporations that usually dominate headlines, small businesses are powerful. They are often the source of technological innovations and new and exciting business models. And they are the biggest generator of jobs. More than half of U.S. workers either own or work for a small business, and in recent decades, small businesses have generated almost two-thirds of the nation’s new jobs. 

Recent data shows that small businesses that export their products to foreign markets are outperforming small businesses that don’t. They not only are increasing their sales, but they are also able to pay higher wages and employ more workers. In addition, exporting businesses tend to have higher productivity rates and more highly paid workers. While exporting creates numerous benefits, few small businesses are actually doing it. 

Fortunately, current trade agreements under consideration, the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership, could be a big help to small businesses’ exporting efforts.

These trade agreements with countries in the Asia Pacific and the European Union— countries that make up two thirds of the world’s economy—will level the playing field for all involved. In other words, everyone would be operating under the same safety, environmental and labor standards and regulations. This stability would be significantly helpful to small businesses in particular. 

It’s time to unleash the power of small businesses by helping them reach new markets. Giving them this boost to grow their businesses abroad will boost our economy here at home. 

Read the whole article on TradeUp Blog.

APEC members trade

APEC Member States (source: Wikipedia)

By Kimberly A. Benson, TradeUp Director. This article first appeared in The Hill: http://thehill.com/blogs/congress-blog/economy-budget/240242-expanding-international-trade-for-small-businesses


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Grow VC Group The Grow VC Group is the world leading, global pioneer of securities crowd funding, peer to peer marketplaces, new investment models and global business development. Established in 2009, the Group has developed new investment models on six continents and continues to innovate the global market.

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This entry was posted on Friday, May 8th, 2015 at 4:00 pm and is filed under Business Updates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.