Category: Business News
Small business exports currently account for $541 billion and nearly six million jobs in the United States. However, small businesses face several barriers to exporting, primarily foreign regulations, tariffs and customs procedures, and payment collection issues. 73% of small businesses are not aware of digital resources that can help them reach customers around the world. If small businesses had better access to global markets, it could increase the GDP of the United States by $81 billion and add 900,000 new jobs. The report surveyed over 3,800 small businesses across the United States and examined the landscape of small business exporting. In addition, the report provides policymakers with several recommendations to enhance small business exporting and grow the American economy and increase jobs.
Read full report HERE.