Hernon Manufacturing, Inc. Receives the President's
"E" Award for Exports
The Deeper Dive into Trade and Investment
Selig is the Under Secretary of Commerce for International Trade.
discussing the merits of trade and investment, it is easy to focus on big
national numbers: 11.7 million U.S. jobs supported by exports, $2.34 trillion
in goods and services exported last year; 5.8 million Americans who work in
U.S. subsidiaries of foreign companies. But it is just as important to focus on
how trade and investment directly benefits small and medium sized enterprises
(SMEs), metropolitan areas, and individual states. And several reminders of these benefits have
reminder that exports spur growth for SMEs emerged last month during the presentation of the
President's "E" Awards.
Of the 45 recipients of the "E" Award—which recognizes significant contributions
to expanding U.S. exports—35 of them were SMEs. One of those SMEs was Hernon
Florida based-producer of adhesive sealants and precision dispensing equipment,
which today exports to 44 countries throughout the world. The "E" Awards also
highlighted the fact that SMEs comprise 98% of U.S. exporters.
areas like Des Moines also demonstrate to us how exports have elevated localities
into major hubs of growth, prosperity and jobs. The Des Moines metro area has
developed and expanded
its export prowess to encompass the areas of financial services, international
education, biotechnology, and value-added foods. That prowess also reminds us that U.S. metro areas in 2013 exported
$1.4 trillion in
goods while 156 metro areas exported more than $1 billion in goods each.
states like Florida and Michigan serve as reminders of our singular ability to
import capital through foreign direct investment. Florida currently ranks 6th
among all U.S. states
in employment by majority foreign owned firms. And last month, Michigan became the home of the
first ever North
American manufacturing facility for ABB, the Swiss automation company.
there are the towns, cities, and states that serve as the engine of our leading
travel and tourism sector. It is easy to forget that every dollar spent on
passenger fares and tourism is considered a services export. And with Travel and Tourism Week taking
place last month,
we recognized the industry's banner 2014: a record number of international
visitors, 74.7 million, who spent a record $220.6 billion.
course, reminders of the benefits of exports are not as important as an
understanding of how to export in the first place. That is why we are proud to offer
the 11th edition of our “Basic Guide to Exporting." In addition to providing
guidance on how to increase export sales, there are also detailed sections on
how to best utilize our 14 free trade agreements as well as information on
e-commerce and export controls.
it is always worth remembering that American businesses are not only the
recipients of the benefits of trade and investment. They are also the creators
for everything you do to support U.S. exports, business investment, and job
U.S. Commerce Secretary Pritzker honored 45 American companies and organizations at the 2015 President's "E" Awards ceremony. Th is award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.