The North Dakota Trade Office (NDTO) led a delegation of five North Dakota pulse and dry bean processors to Colombia on April 6-10. Companies met with potential buyers in the cities of Bogotá and Medellín. This was the fourth North Dakota trade mission to Colombia.
In recent months, U.S.-Cuba relations have rapidly thawed. Late in 2014, the administration announced efforts to normalize relations with Cuba and supported ending the embargo on trade with Cuba that has lasted more than 50 years. Since then, the U.S. has expanded its diplomatic presence in Cuba, and provided more flexibility for U.S. banks to do business with Cuba. Many in Congress are now working together in support of measures that will normalize trade relations with Cuba.
Press Release: Superior Manufacturing, Four Anchors Worldwide, Hoffmann Angus Farms, Receive Global Business Awards
Superior Manufacturing, a family-owned and operated grain bin manufacturing company headquartered in Kindred, ND, was named North Dakota’s 2014 Exporter of the Year on Thursday for their international expansion and support to the state’s export community. Four Anchors Worldwide, an international marine insurance broker, received the 2014 Service to Exporters Award for their dedication to assisting North Dakota exporters. Hoffmann Angus Farms was recognized as a North Dakota Trade Office Global Ambassador in consideration of their hospitality to North Dakota businesses conducting international trade. Lt. Gov. Drew Wrigley presented the awards during the Global Business Awards ceremony, the annual international business event hosted by the North Dakota Trade Office (NDTO).
We’ve all found ourselves in a clinic or hospital at some point and witnessed the hustle and bustle that is a daily part of the lives of doctors, nurses, and healthcare administration. Many of us also have family members working in healthcare that come home and share the highlights and low points of stressful, rushed days. Or perhaps you’ve experienced the action from the patient’s perspective, left waiting an inordinately long time alone in a doctor’s exam room, gown-clad and wondering – Do they know I’m still here?
Exports from the state to China up 112 percent due to grains and pulse crops
North Dakota’s high-quality crops are beginning to have a strong reputation with Chinese food manufacturers, thanks in part to the annual ‘North Dakota Better for You Food Ingredients’ conference and exhibition hosted in China by the North Dakota Trade Office (NDTO). Twelve NDTO members and partner organizations showcased the state’s agricultural commodities and food products at the third annual event, held on March 31 in Qingdao, Shandong, China. More than 110 of China’s largest food manufacturers and processors attended the event.
NDTO Member Profile: North Dakota and India Look to the Sky and Weather Modification, Inc. for Rainfall
As any farmer in North Dakota can tell you, when you’re looking up to the sky and see rain clouds forming during a dry summer heat wave, it can be awfully disappointing when the storm bypasses your land. The same goes for a farmer on the other side of the world in India. When he’s looking to the sky and sees the clouds rolling in at the beginning of the monsoon season, it’s pretty disappointing when the monsoon doesn’t quite live up to expectations. In India, a “bad” monsoon season is the one that does not produce enough rainfall to ensure an adequate water supply for the entire crop growing season. Monsoons typically provide 80% of India’s rainfall. With nearly half of India’s workforce in agriculture, that’s quite a few faces looking towards the clouds in anticipation of the annual monsoon.
NDTO will lead a delegation of five North Dakota pulse and dry bean processors to Colombia April 6-10. Companies will have tours and meetings with potential buyers in Bogota and Medellin. This will be the fourth North Dakota trade mission to Colombia; NDTO led missions to the market in 2008, 2012 and 2013.
North Dakota companies often see growth opportunities in global markets, but lack the skill set and resources to make it happen. The result is reactively selling to international customers who find them, rather than taking a proactive and strategic approach to identifying their best opportunities. Customized training is needed in order to accelerate growth in global markets.
Seven NDTO member companies and organizations will travel to Qingdao, China the last week of March to showcase the state’s high-quality agricultural commodities and food products to some of the China’s largest food manufacturers and processors.
Now that the holiday season has passed and with tax season underway, it’s time to explore whether your company can benefit from the R&D Tax Credit and the Interest Charge Domestic International Sales Corporation (IC-DISC) savings. The R&D Tax Credit is not an income tax deduction – it is a bottom-line, dollar-for-dollar credit against income taxes due (and in addition to the deductions you are already claiming). An IC-DISC is an entity that is not subject to the regular U.S. corporate income tax. U.S. exporting companies have the ability to create an IC-DISC and pay a commission for selling products internationally.