east michigan edcs/edos information and strategy meeting
DESCRIPTION
East Michigan EDCs/EDOs Information and Strategy Meeting. Regional Exporting Strategies Project Michigan State University Center for Community and Economic Development Thursday, December 15, 2011 10:00 am – 12:00 pm. Overview of today’s presentation . - PowerPoint PPT PresentationTRANSCRIPT
![Page 1: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/1.jpg)
East MichiganEDCs/EDOs Information and
Strategy MeetingRegional Exporting Strategies Project
Michigan State UniversityCenter for Community and Economic Development
Thursday, December 15, 201110:00 am – 12:00 pm
![Page 2: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/2.jpg)
• November 4th Think Global, Go Global Workshop at Delta College Onsite Survey Results.
• East Michigan Online SME Exporting Survey Results and Findings, Fall, 2011.
Overview of today’s presentation
![Page 3: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/3.jpg)
• East Michigan EDC/EDO Responses
– 8 Local EDC/EDO responses.
– 5 Currently provide export info. to companies.
– 5 Want to provide info./assistance.
– 7 Want to expand export assistance capacity.
Nov 4, 2011 Think Global Workshop at Delta College Onsite survey results summary
![Page 4: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/4.jpg)
• East Michigan Business Responses
– 7 Business responses (5 attended workshop).
– 6 Currently exporting.
– 5 need exporting assistance.
Nov 4, 2011 Think Global Workshop at Delta College Onsite survey results summary
![Page 5: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/5.jpg)
• East Michigan Business Export Assistance Needs
– Basic knowledge about exporting.
– Info. on foreign markets.
– Foreign contacts to promote business.
– Sources of capital to finance exports.
– Legal advice about trade regulations/foreign markets.
– Logistics support/knowledge.
Nov 4, 2011 Think Global Workshop at Delta College Onsite survey results summary
![Page 6: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/6.jpg)
East MI Online Exporting Survey (Fall 2011)Survey link distribution
Distribution Outreach Requested AgreedChamber of Commerce 21 17
EDC/EDOs 12 12
Business Assistance Providers 7 6
![Page 7: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/7.jpg)
• 47 businesses responded.– 17 (~36%) Saginaw– 11 (~23%) Midland– 4 (~8%) Gratiot – 4 (~8%) Bay– 3 (~6%) Tuscola– 2 (~4%) Gladwin
• 26 of 44 companies (59%) < 50 employees.– 17 companies (39%) < 10 employees.
• 32 of 43 companies (74%) > 10 years old.
• 23 of 46 companies (50%) engaged in manufacturing.
East MI Online Exporting Survey (Fall 2011)Characteristics of survey respondents
![Page 8: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/8.jpg)
• 16 businesses in 6 counties export:– 8 Saginaw.– 2 Gratiot.– 2 Midland.– 2 Ogemaw.– 1 Bay.– 1 Tuscola.
• Industry sector– 13 manufacturing.– 1 agriculture, forestry, fishing, and hunting.– 1 wholesale trade.– 1 accommodation and food services.
East MI Online Exporting Survey (Fall 2011)Characteristics of exporting companies
![Page 9: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/9.jpg)
East MI Online Exporting Survey (Fall 2011)Characteristics of exporting companies
Less than 10
10-25
26-50
51-100
101-500
Greater than 500
0 1 2 3 4 5 6 7
Full-Time Equivalent Employees
Less than 1 year
1-5 years
6-10 years
Greater than 10 years
0 2 4 6 8 10 12 14 16
Company Age
![Page 10: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/10.jpg)
• East Michigan companies largely exporting to Canada.– Followed closely by Mexico, the UK, and China.
• 13 exporters want to expand their exporting business.
• 2 non-exporting companies want to start exporting.
East MI Online Exporting Survey (Fall 2011)Potential export market development
![Page 11: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/11.jpg)
– 10 of 15 companies cited at least one Knowledge barrier:• Lack of knowledge about export regulations; • logistics/transportation; and• foreign markets.
– 10 of 15 companies cited at least one Financial barrier:• insufficient working capital; and• labor resources; • excessive financial risk; • administration costs; and• cost to compete.
East MI Online Exporting Survey (Fall 2011) Major exporting barriers
![Page 12: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/12.jpg)
– 5 of 15 companies cited at least one Regulatory barrier:• excessive trade regulations; • Unfair foreign trade practices; and• foreign tariffs.
– 3 of 15 companies cited at least one Infrastructure barrier:• Insufficient information/communications technology; and• access to international crossings.
East MI Online Exporting Survey (Fall 2011) Secondary exporting barriers
![Page 13: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/13.jpg)
• 13 companies indicated they could use assistance to overcome exporting barriers.– 9 need general export and trade information– 9 Marketing – 8 Logistics – 7 Market research– 4 Legal matters– 4 Export financing
East MI Online Exporting Survey (Fall 2011) Export assistance needs
![Page 14: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/14.jpg)
East MI Online Exporting Survey (Fall 2011)
US International Trade Administration
US Commercial Service
US Export Assistance Centers
US District Export Councils
US Export-Import Bank
SBA Export Working Capital Program
SBA International Trade Loan Program
SBA Export Express Program
Overseas Private Investment Corporation (OPIC)
US Trade and Development Agency
USDA Foreign Agriculture Service
Export.gov website
TradeStats Express website
Market Research Library website
USA Trade Online website
US Exporters' Yellow Pages
0 5 10 15 20 25
Awareness of Exporting Assistance
Very HelpfulSomewhat HelpfulNot HelpfulAware/But Not UsedNot Aware
![Page 15: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/15.jpg)
• 5 companies indicated they used business counseling or assistance to start exporting.
• 4 of these 5 companies found counseling/assistance very useful or somewhat useful.
East MI Online Exporting Survey (Fall 2011) Export assistance experience
![Page 16: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/16.jpg)
East MI Online Exporting Survey (Fall 2011) Reactive character of export market development by SMEs
• How did companies get connected with foreign customers?– 11 of 15 companies contacted by prospective foreign customers.– 6 of 15 connected at industry trade show or conference.– 4 of 15 referred by foreign contact or distributor.
![Page 17: East Michigan EDCs/EDOs Information and Strategy Meeting](https://reader036.vdocuments.site/reader036/viewer/2022081520/56816853550346895dde6213/html5/thumbnails/17.jpg)
• Foster “Sister City” relationships.
• Identify and support industry and geographic clusters.
• Inventory/assessment of exporters and potential exporters in region.
• Access to capital (loans, loan guarantees, grants, venture capital, angels).
• Resources to reduce burden of export market entry.
• Market research for specific countries and specific products/services.
• Export education, training, and outreach (community college, universities, other).
Potential Elements of Regional Exporting Strategies