Bridging Trade Finance Gaps: State-Led Innovations to Bolster Exporting by Small and Medium-Sized Firms. Brookings-Rockefeller Project on State and Metropolitan Innovation. Kati Suominen and Jessica A. Lee. January 2015.
Fostering increased levels of exports continues to be an important component of states’ economic development strategies. Exports helped bring the United States out of the Great Recession, with particularly rapid growth in certain states and metropolitan areas.
Despite these recent gains, many companies remain reluctant to enter into foreign markets. This is especially true of small and medium-sized enterprises (SMEs), which have long been content to conduct business exclusively within the United States. However, as emerging markets expand and demand for U.S. products and services grows, SMEs would be remiss in continuing to
avoid exporting. [Note: contains copyrighted material].
[PDF format, 14 pages, 750.19 KB].