MICHIGAN Exporting goods and services. Importing opportunity. In 2013, Michigan export revenue exceeded $58.4 billion. The Michigan Economic Development Corporation (MEDC) is the state’s marketing arm and lead 14 1 advocate for business development, talent and 8 11 4 15 12 jobs, tourism, film and digital media incentives, arts 3 9 2 5 7 and cultural grants, and overall economic growth. The MEDC offers a number of business assistance 13 services and capital programs for business attraction and acceleration, entrepreneurship, strategic partnerships, talent enhancement, and urban and 10 community development. 6 TOP MICHIGAN EXPORT MARKETS for 2013 1. Canada 2. Mexico 3. China 4. Germany 5. Japan 6. Australia 7. South Korea 8. Belgium $25.9 billion $12.2 billion $4.2 billion $1.7 billion $1.4 billion $1.1 billion $1.1 billion $814 million 9. Saudi Arabia $775 million 10. Brazil $773 million 11. U.K. $733 million 12. Italy $598 million 13. United Arab Emirates $525 million 14. Russia $480 million 15. France $444 million In 2011, a total of 14,814 companies exported from Michigan locations, 90% were small or medium-sized enterprises with less than 500 employees. These firms generated over one-fifth of Michigan’s total exports. michiganbusiness.org 888.522.0103 2860_05-14 Michigan is helping companies do business around the world. In a state long known for Michigan is a manufacturing leader and innovation and productivity, innovator. Now is the time to share this Michigan is once again the leadership and innovation with consumers preferred place to do business. across the globe. The Michigan Economic Possibilities begin with a flat 6 percent business tax. The elimination of personal property taxes. Development Corporation (MEDC) can help Michigan businesses reach new customers in global markets. Together, we can continue to reinvent Michigan by looking beyond our borders and opening them up to the promise regulatory processes. All on the heels of wiping out a $1.5 billion budget deficit. Add it all up and you have an ideal combination of opportunity, resources and passion that’s Pure Michigan. Michigan/Canada center STEP assists qualifying Michigan companies with export sales strategy. The program has been developed to: • Increase the dollar value of Michigan exports • Expand the number of Michigan companies that export • Introduce current exporters to new foreign markets and buyers Canada is the largest export market for Michigan companies, with over $25 billion in goods exported in 2012. Michigan joined the Michigan/Canada Center, located in Toronto, to help companies research, identify and capitalize on market opportunities in a broad range of industry sectors across Canada. Exports to Canada include transportation equipment and machinery, oil and gas, primary metal manufacturing, among others. STEP was launched in 2011 by the U.S. Small Business Administration (SBA) as part of the president’s National Export Initiative with a goal to double U.S. exports and give America a stronger competitive edge. International trade offices Michigan Export Program Global trade is responsible for thousands of jobs in Michigan and is helping grow companies and our economy. The Michigan Export Program gives businesses the tools they need to become globally competitive, while helping businesses that already export goods and services raise the value of their products and expand their territory. The program is designed to: • Increase awareness of export opportunities and resources • Provide business strategy to reach international buyers • Help small businesses compete effectively in multiple markets • Generate increased sales and expand the Michigan workforce • Provide financial assistance to qualifying companies The MEDC offers a comprehensive resource to identify and determine key markets and provides assistance in all areas of the export process. The MEDC has international trade offices available to help companies enter and expand into foreign markets. The MEDC also offers specific programs tailored to support all types of business export needs. For more information, visit michiganbusiness.org/grow/export-assistance or contact [email protected]. MEDC Strategic Partner networks • U.S. Export Assistance Centers: export.gov • U.S. Small Business Administration: sba.gov • Export-Import Bank of the United States: exim.gov • Michigan Department of Agriculture and Rural Development: michigan.gov/mdard • Michigan District Export Council, West Michigan: exportwestmichigan.com • Michigan State University International Business Center/CIBER: global.broad.msu.edu/ibc • East Michigan District Export Council: exportmichigan.biz • Michigan Small Business and Development Center: sbdcmichigan.org • Michigan Manufacturing Technology Center: mmtc.org Michigan/China center and potential of the global marketplace. Redesigned incentive programs and streamlined State Trade Export Program (STEP) In addition to STEP, the MEDC has four foreign offices through a partnership with the Council of Great Lakes Governors (CGLG). These centers provide export trade development services to small and mediumsized companies interested in expanding their sales to Brazil, Canada, China and Mexico. Michigan/Brazil center Brazil is a growing market for Michigan companies, with export sales increasing significantly over the last five years due to a sharp rise in Brazil’s purchasing power. Michigan recently joined the Brazil trade office of the CGLG to meet increased demand for Michigan-made products and services. The center provides access to market research and assistance in identifying export opportunities from a broad range of industry sectors. Exports include transportation equipment and machinery, medical devices, agriculture, information technology and many other Michigan products. Located in Shanghai, the Michigan/China Center provides a physical presence for Michigan and offers an experienced export services staff in collaboration with CGLG. The center opened in September 2012 to expand the partnership and business opportunities between Michigan and China. The center provides export trade development support for companies looking to break into China. Opportunities exist in the following industry sectors: transportation equipment and machinery, primary metal manufacturing, chemicals, waste and scrap, and computer and electronic products. Pure Michigan One brand. One state. All of Michigan has the opportunity to participate in the highly successful, Pure Michigan brand. Pure Michigan has been expanded to support the pro-business approach for an attractive, reinvigorated and strong Michigan. Both the private and public sectors of Michigan can apply Michigan/Mexico center to incorporate the brand into their marketing and Mexico is the second largest market for Michigan products. Located in Mexico City, the Michigan/Mexico Center assists Michigan companies with research, market entry strategy and agent/distributor searches. Michigan exports, valued at $10.5 billion in 2012, include transportation equipment and machinery, chemicals, and computer and electronic products. promotional campaigns. Visit michiganbusiness.org/marketing-toolkit to submit a request to use the logo.
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