Tag Archives: exports

TN Expands Operations in Four Foreign Countries

Tennessee is opening four offices abroad in efforts to expand the state’s exports of products and services, which already total $30 billion annually, according to the Tennessean.
Export development offices are being set up in China, Mexico, Germany and the United Kingdom with the goal of increasing the state’s exports by 10 percent — or $3 billion — over the next three years, said Bill Hagerty, commissioner of the Department of Economic and Community Development.
The initiative will be led by the department’s International Division, and it will be the first time since 1997 that the state has operated offices abroad “solely dedicated to advancing Tennessee exports,” the department said in an announcement.
In picking the four countries for the export initiative, “We basically just ran the math and put them where the largest flow (of Tennessee exports) exists today,” Hagerty said. The office in Germany will serve the entire European Union.

‘TNTrade’ Uses Fed Grant to Boost Tennessee Exports

NASHVILLE, Tenn. (AP) — The state has announced an initiative to boost Tennessee exports.
TNTrade, announced Wednesday, is designed to help small and medium businesses increase their exports.
Under the program, eligible businesses will receive a reimbursement equal to half of any one-time export-related expense such as consultant fees or trade show participation. The maximum reimbursement amount is $5,000 per company.
Additionally, the state will fund the majority of the costs of a trade mission to China and South Korea for medical device manufacturers and other health care companies next April.
The initiative is funded by a $375,000 grant from the Small Business Administration.