International Trade Office Will Help Local Businesses Export Products Abroad

2, December 2013

The Gainesville Area Chamber of Commerce will be opening an international trade office tomorrow, Dec. 3, that will offer consulting services for businesses that want to export its products abroad.

The Gainesville Chamber says that local businesses have a desire to do business abroad, but that many think it is too difficult or too risky. However, according to UF business professor Larry DiMatteo, that isn't the case.

“International trade has just exploded over the last 20 to 30 years,” DiMatteo said to WUFT News. He went on to say that the risks of trading abroad have been drastically reduced over that time period.

The office's consultations, provided to businesses once a month, will be provided in coordination with Enterprise Florida, the state's official economic development organization, and the United States Commercial Service.

The goal of the new service is to increase exports from Gainesville. Many local manufacturers enjoy a loyal customer base and these are the organizations that will benefit the most from expanding internationally.

As exports expand from Gainesville's current 3.5% of GDP, jobs will be added to the local economy. As money is brought in from other areas of the country and world, that additional income will be distributed among the community through more, higher-paying jobs.

“Instead of money going out, money’s going in,” DiMatteo said.

According to the Gainesville Chamber, there are multiple reasons a local company should be considering exporting their goods:

  • Demand: More than 70 percent of the world’s purchasing power is located outside of the United States. Your competitors are increasing their global market share, and you can too.
  • Profitability: Exporting can be profitable for businesses of all sizes. On average, sales grow faster, more jobs are created, and employees earn more than in non-exporting firms.
  • Competitive Advantage: The United States is known throughout the world for high quality, innovative goods and services, customer service, and sound business practices.
  • Risk Mitigation: Most companies that export have an easier time riding out fluctuations in the U.S. economy and are more likely to stay in business.

For more information on the Export Gainesville Initiative or to arrange an appointment please contact Staci-Ann Bertrand, Director of Industry Development for the Gainesville Chamber & C.E.O. at 352.334.7105 ext. 323 or before the 5pm on the last Thursday of each month.