Delaware News

Governor’s Weekly Message Transcript: Strengthening Our Economy By Making Global Trade More Accessible

Former Governor Jack Markell (2009-2017) | News | Date Posted: Friday, April 3, 2015



Delaware’s economy continues to get stronger, with shrinking unemployment and the best job growth in the region. A recent study rated us among the top two best-prepared states for the new economy, which will increasingly rely on new technology and innovation. But we’ll only realize our great potential if we ensure Delaware businesses have opportunities to engage with customers around the world – more than 95 percent of whom are outside the United State. Companies involved in global trade do 25 percent more business than those who don’t, and export-related jobs pay 20 percent above the average wage.

We must do all we can to ensure Delawareans gain from these benefits. But it’s not that easy. Less than one percent of American businesses export. Sixty percent of those that export trade with only one country. The result is a tremendous amount of lost opportunities – especially for small and medium sized companies that lack resources to get started internationally. So we’ve announced a Strategic Export Plan for our state.

We researched the countries with the greatest potential to purchase Delaware products, which has led to our upcoming trade missions in Canada, Mexico, Germany, and South Korea. We’ll also support businesses by providing export counseling, connecting them with foreign buyers, and offering grants to cover certain expenses. And we’re already seeing the impact.

Recently, we traveled north with four Delaware farmers to meet with Canadian retailers – all of which made commitments to purchase Delaware produce for the first time. To learn more about our efforts, visit our new website: global.delaware.gov and click on Expand. By making global trade more accessible for our employers and workers, we’ll thrive in the new economy. And we’ll keep Delaware moving forward.

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Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

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Governor’s Weekly Message Transcript: Strengthening Our Economy By Making Global Trade More Accessible

Former Governor Jack Markell (2009-2017) | News | Date Posted: Friday, April 3, 2015



Delaware’s economy continues to get stronger, with shrinking unemployment and the best job growth in the region. A recent study rated us among the top two best-prepared states for the new economy, which will increasingly rely on new technology and innovation. But we’ll only realize our great potential if we ensure Delaware businesses have opportunities to engage with customers around the world – more than 95 percent of whom are outside the United State. Companies involved in global trade do 25 percent more business than those who don’t, and export-related jobs pay 20 percent above the average wage.

We must do all we can to ensure Delawareans gain from these benefits. But it’s not that easy. Less than one percent of American businesses export. Sixty percent of those that export trade with only one country. The result is a tremendous amount of lost opportunities – especially for small and medium sized companies that lack resources to get started internationally. So we’ve announced a Strategic Export Plan for our state.

We researched the countries with the greatest potential to purchase Delaware products, which has led to our upcoming trade missions in Canada, Mexico, Germany, and South Korea. We’ll also support businesses by providing export counseling, connecting them with foreign buyers, and offering grants to cover certain expenses. And we’re already seeing the impact.

Recently, we traveled north with four Delaware farmers to meet with Canadian retailers – all of which made commitments to purchase Delaware produce for the first time. To learn more about our efforts, visit our new website: global.delaware.gov and click on Expand. By making global trade more accessible for our employers and workers, we’ll thrive in the new economy. And we’ll keep Delaware moving forward.

image_printPrint


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.