Defining Success in
Ken Hyatt is the
Acting Under Secretary of Commerce for International Trade.
In international trade, success comes in many forms.
It could be the key introduction to a business partner,
leading to a company's first sales in the Middle East, as it was for Virginia-based
It could be the key networking connections made on a state
trade mission, as it was for Kentucky's
Last week, I was pleased to join Secretary Pritzker to honor
65 other unique success stories during the President's E Award Ceremony,
recognizing the top companies and organizations supporting U.S. exports. The
awardees included some great stories:
- IMS Dredges
has seen international sales comprise more than half of their total sales in
the last four years;
Vitamix has taken its old-fashioned product demonstrations global, seeing
its international sales increase 218 percent in four years, and;
Mobile, Ala. Chamber of Commerce has connected area businesses to global
opportunities, helping the state nearly set an export record in 2013.
One key ingredient to
success is data, and the Department of Commerce has a lot of that. We'll be
highlighting it throughout June, from the data NOAA provides to help Americaâ€™s
transportation costs, to our travel data that is informing
Maineâ€™s tourism strategy.
Make sure to follow
ITA on Twitter to learn about more ways we and the larger Department of
Commerce team use data to support U.S. businesses.
And be sure to follow the discussion
around our Discover Forum in Los Angeles (#DGMLosAngeles) to
learn about how we're supporting American companies doing business in Europe.
There are five more Discover
Forums this year, so find the one right for your business and let us help
you tap into the global marketplace!
Thanks to all of you for your support of international
Less than 10 percent of Maryland businesses are exporting. Leaders in the state and our team in Baltimore are working to support more global businesses.