The International Economic Development Council tells us there isn’t a single definition for economic development. Instead, it’s commonly described as the achievement of goals that entail job creation, job retention, tax base enhancements and improved quality of life. At Greater Spokane Incorporated our programs and services assist companies in job creation, growth and retention, which lead to corresponding increases in tax revenues and a better economy in Spokane County. But competition for new jobs and new investments is not just focused on the U.S.; it happens on a global basis.
And while many organizations are focused heavily on business recruitment – bringing new companies to their region – most growth occurs through existing businesses. GSI’s slate of economic development programs includes business recruitment, along with a targeted focus on business assistance which includes meeting individually with local companies, supporting startups and entrepreneurs, educating on international trade, and certifying companies to get connected with government contracting.
Over the next few months we’ll share an overview of different GSI’s business development programs. Today we’ll focus on our international trade services.
GSI assists businesses with international trade opportunities and expansion into foreign markets. Our International Trade program works to enhance the regional economy and support job creation through the growth of local trade activity. With more than 95 percent of the world’s population – and roughly 75 percent of the purchasing power – located outside the United States, the global marketplace represents a significant opportunity for small- and medium-sized businesses to expand their customer base.
To support businesses in capitalizing on this opportunity, GSI’s trade program works in multiple facets:
Promotion & Advocacy:
Upcoming trade events include:
If your company is interested in exploring international trade activities, please contact Drew Repp, our International Trade and Economic Development Manager at 509.321.3634.