How far is Nebraska’s reach? Growth opportunities for Nebraska businesses are increasingly found in international markets. Domestic competition is fierce and free trade agreements have opened up markets in Australia, Chile, Singapore, Jordan, Israel, Canada, Mexico, and Central America, creating more opportunities abroad for U.S. businesses.
The benefits to exporting are many:
- Businesses can supplement an already saturated or sluggish domestic market, providing wider markets and greater profits.
- They can increase efficiency in production by increasing output and spreading the fixed costs over a greater number of units produced.
- Cyclical demand for products may be leveled out by exporting to countries where seasons are the reverse of ours, thereby increasing sales.
- Progressive companies can smooth the transition between gearing up to provide new and improved products, and gearing down the production of older models, thereby maintaining current markets while expanding sales to new international markets.
The Nebraska Department of Economic Development international trade team, located in Lincoln and Omaha, assists Nebraska businesses enter new international markets and expand sales in current export markets.
Trade missions, trade shows, partnership and international business activities support the Departments’ mission statement: “To provide quality leadership and services that enable Nebraska communities, businesses, and people to succeed in a global economy.”
The Nebraska Department of Economic Development has established a variety of programs and services to promote Nebraska’s economy through the expansion of foreign markets for Nebraska products.
The International Trade Team is here to provide:
- One-on-one counseling & technical assistance
- Initial market research
- Training seminars & workshops
- Trade show promotion
- Governor-led trade missions
- Foreign trade offices located in Japan and China
- Referral to local export service providers
We network locally, nationally, and internationally to provide the best information and assistance available. This network includes the U.S. Department of Commerce, U.S. Small Business Administration, U.S. Customs, U.S. embassies and consulates abroad, Nebraska Department of Agriculture, Nebraska Business Development Center, Nebraska District Export Council, Midwest International Trade Association, University of Nebraska, international bankers, transportation companies, freight forwarders, attorneys, accountants, and experienced exporters across the state.
Exporting becomes a thread that runs throughout a business, affecting all aspects of the business (i.e., marketing, management, personnel, warehousing, production, quality control, accounting, etc.) Export development is an ongoing process, not an event. It’s a long-term commitment for our businesses, as well as the agencies supporting their efforts.