Small Business Exports

A new campaign led by the Commerce Department and the Small Business Administration’s out to help small firms tap faster-growing economies, including emerging markets like China. Small firms are at the heart of the effort, since they create 66% of new jobs in an economic recovery. Executives at Osagian Canoes of Lebanon, have taken the leap, thanks to a workshop at the Commerce Department. Osagian’s opened a small factory in Denmark, and exports are on pace to make up 15% of sales this year. NewsFactor.com reports the Commerce Department and the SBA, along with the Export-Import Bank, are making a big push to help small and midsize firms dramatically increase exports. The effort is part of President Obama’s National Export Initiative, launched early last year, to double U.S. exports in five years and create 2 million jobs.