ANNAPOLIS: Maryland Department of Commerce has started a new program designed to increase the state’s exports.
The Maryland Partners in International Trade program combines existing programs with new assistance from partners such as the University of Maryland’s Center for International Business Education and Research.
The hope is to increase “awareness and usage” of the existing programs, which offer grants and other help to companies hoping to expand their global presence, the Department of Commerce said in a release. The state also is planning training sessions for local economic development agencies.
“As our economy becomes more competitive, it is critical to connect our businesses with every opportunity to engage in global trade,” said Commerce Secretary Mike Gill. “Between the programs offered at the local, state and federal level, as well as those offered by key stakeholders, Maryland has a wealth of international trade resources. This program will bring all those resources together and help ease of process for businesses who want to market products and services overseas.”
The Greater Baltimore Committee issued a report in October that identified exports as a “missed opportunity” for the Baltimore region, with exports representing about 6.9 percent of area GDP, lowwer than many other metropolitan areas.
Maryland had $12.2 billion in exports in 2014.
