MPEXA offers a single point of contact as well as a single repository of export related resources and information that is easily accessible, current and responsive. MPEXA is the “go to” outlet for all Small and Medium Enterprises (SMEs) looking for export related assistance and guidance. MPEXA … because your export success MATTERS!
The Metropolitan Phoenix Export Alliance, known as MPEXA, is a key initiative which will serve as an independent steward responsible for the implementation of the Phoenix Metropolitan Export Plan. As part of the Velocity Program and funded by JP Morgan Chase, the alliance and the Metro Phoenix Export Plan represent a collaboration between the Global Cities Initiatives and metro Phoenix export stakeholders dedicated to building a stronger export-driven regional economy.
Our call to action: Increasing exports in Greater Phoenix by making exporting easier for businesses. We aim to construct a business environment that creates quality jobs, greater prosperity and economic stability to Greater Phoenix by cultivating base industries aligned with growing global markets.
MPEXA aims to:
- Reach and leverage businesses who support export promotion
- Engage economic development leaders, export service providers and other partners
- Provide export training and education to businesses of all sizes
- Create export awareness throughout the region to enhance our competitive economic position
Background: Over the past several years, elected officials and business, civic, and university leaders in the Greater Phoenix metro area have come together to firmly establish the region as a global innovation leader and to ensure a strong economy for the long term. One of the primary objectives is to establish Greater Phoenix as a global trade hub by connecting small- and medium-sized suppliers and new businesses to growing markets while positioning the Greater Phoenix region as a location of choice for global investors.
Top Five Reasons Businesses Should Consider Exporting:
- The world is getting smaller. Your access to new, non-U.S. markets is better than ever before.
- Customers are waiting. 70% of the world’s purchasing power is outside of the U.S.
- There is money to be made. Exporting firms are more profitable and hire more employees than non-exporting firms on average. S. companies that export not only grow faster, but are nearly 8.5 percent less likely to go out of business than non-exporting companies.
- The competitive edge is there. The U.S. is known for its quality goods, innovation, customer service and business practices.
- It’s always better to hedge your bets. Companies that export have more success in weathering storms in the local U.S. economy.
(*source – International trade administration)
MPEXA – A Champion of Export Growth:
- Exports are a growing and substantial part of the U.S. economy, accounting for 13.8 percent of our nation’s GDP.
- Free trade agreements with 18 countries provide more exporting opportunities for U.S. businesses. Countries with whom the U.S. has an FTA are: Australia, Bahrain, Canada, Chile, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Honduras, Israel, Jordan, Korea, Mexico, Morocco, Nicaragua, Omen, Peru, and Singapore.
- Exports have created over 10 million jobs in America, with over 7 million of those jobs being in the manufacturing sector. Workers in jobs supported by merchandise exports typically receive higher wages, 15% higher than those who do not.
- For every $1 billion that the U.S. exports, there are 6,250 jobs in the manufacturing sector created or supported.
- Small businesses create 70 percent of the new jobs in America. It is important to help these firms increase their exports to help them grow.
- Less than one percent of America’s 30 million companies export – a percentage that is significantly lower than all other developed countries. And of U.S. companies that do export, 58 percent export to only one country. Many businesses could benefit from learning more about these international opportunities and resources available to help.
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