A bill to reauthorize the Export-Import Bank, the American institution that provides loan guarantees, insurance and loans to credit-worthy foreign buyers for purchase of U.S. exports, has been approved by Congress and now awaits President Obama’s signature. With 90 percent of Ex-Im Bank transactions benefitting U.S. small businesses, the bill’s passage provides much-needed certainty and predictability to North Dakota exporters.
The Jamestown/Stutsman Development Corporation (JSDC) reported new business, thriving industry and continued growth in the City of Jamestown and Stutsman County at the JSDC Annual Meeting on April 25. With high value crop production and food processing, cutting edge renewable energy and a list of local entrepreneurs, JSDC continues to prove that Jamestown offers much more than just quiet neighborhoods and picturesque landscape.
By Brittany Posey, Featured in Business Watch
Many people view the U.S.- China bilateral relationship as the most important bilateral relationship in today’s world.
With 1.3 billion people and an emerging consumer class, the opportunities that exist for North Dakota companies in China are phenomenal. As the Chinese population grows at an alarming rate, the country is becoming increasingly worried about food safety and security. Furthermore, as the middle class grows, consumer tastes are becoming more sophisticated. The market is craving high quality consumer goods and foods, and North Dakota produces some of the finest food products in the world.
The Dakota Manufacturing Extension Partnership (Dakota MEP) is pleased to introduce a new “Innovation Engineering System” to North Dakota Manufacturers and would like to extend a special offer to qualified North Dakota Trade Office members.
The North Dakota Trade Office (NDTO) and regional equipment dealers and representatives RDO Equipment, Titan Machinery and Agri Machinery Sales recently returned from Uruguay where they attended ExpoActiva, the largest agriculture equipment trade show in the country. This trip was part of a larger initiative by North Dakota to cultivate a strong trade relationship with Uruguay – one which is proving to be successful. New reports from U.S. Department of Commerce show North Dakota’s exports to Uruguay have increased over 585% over the same period last year.
JM Grain, a processor and exporter of dried peas, lentils and chickpeas headquartered in Garrison, ND, was named North Dakota’s 2011 Exporter of the Year on April 11 at the 2012 Global Business Connections conference, hosted by the North Dakota Trade Office. Gov. Jack Dalrymple presented the award to Vice President Marvin Flaten and his wife, Beverly Flaten.
At the 2011 Global Business Conference, Governor Jack Dalrymple presented Bremer Bank with North Dakota’s ‘2010 Service to Exporters Award’, an accolade given to the organization which demonstrates exceptional commitment to increasing the state’s international business. Bremer’s international expertise, coupled with the small-town bank feeling created by a close network of regional offices, makes Bremer a great resource for North Dakota’s small-to-medium sized exporters.
Lt. Gov. Drew Wrigley, Agriculture Commissioner Doug Goehring and the North Dakota Trade Office (NDTO) will lead a delegation comprised of 14 North Dakota businesses and organizations on a trade mission to China, March 19-28.
According to US Department of Commerce statistics released this month, North Dakota has reported another year of climbing export numbers, with a 33.2 percent increase from 2010 to 2011. Despite global economic challenges, the state has increased exports over 300 percent in the past last decade. Today, North Dakota exports more, per capita, than the state of California.
Driving through North Dakota along I-94 or I-29, it’s easy to spot the hubs of business activity as you pass through Bismarck, Jamestown and Fargo, then up through Hillsboro to Grand Forks. However, if you venture off the beaten path, you’ll find not only thriving farms but also innovative manufacturers dotting the prairie. Sheyenne Tooling & Manufacturing, located in Cooperstown, North Dakota, is a shining example of a small-town North Dakota company that is creating one-of-a-kind, world-class products.