For small business owners, expanding beyond the Rockford area and into the global market can seem foreign, so to speak, but one Rockford group can help expand the horizon for those people.
"Any program, even those that may not have the sufficient operational or capital infrastructure to launch a large foreign investment can use the Global Partner Search program to mitigate risk as well as reduce the financial expenses required in international trade." -says RAEDC International Trade Director Carrie Zethmayr.
It's all in the name. GPS, through the Rockford Area Economic Development Council offers a way to navigate through an international market. The first step is identifying your business.
"Any company in the Rockford region or in a foreign market can use our process by answering a series of about 14 questions that really drill-down to the essence of who their company is, their core competencies, how large they are, and drill-down to what they're partnership goals are." -says Zethmayr.
One area company has already jumped on this opportunity, Midwest Aero Support, a manufacturing business.
"We're hoping to build on our current base of foreign partnerships and expand to other foreign companies." -says Midwest Aero Support President Brent Johnson.
A piece of the global marketplace is also excited to get started. The city of Lidköping, Sweden hopes to create partnerships in the Rockford area.
"It's a city with a lot of small and medium size companies in machine technology, bio-technology and food processing primarily and they need help. We don't just have big companies that can do it on their own we have small companies and they need our assistance." -says Lidköping International Business Developer Linnea Bengtsson.
For more information on how to access the GPS survey, click here.
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