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LARExC is pleased to forge new partnerships with our federal partners. Notably, LARExC signed agreements with the U.S. Trade Development Agency to become a Making Global Local partner for Southern California.
Due in part to the strong City/State partnership agreement with both CITD and the Los Angeles Area Chamber of Commerce, the City of Los Angeles was selected to be the third pilot city invited by the Export-Import Bank of the United States to participate in their new Global Credit Express pilot program. The other cities participating in the Global Credit Express Program are New York and Chicago.
The Los Angeles Area Chamber of Commerce continues its partnership agreements with the Overseas Private Investment Corporation (OPIC) as a Global Trade Network partner and the World Bank as a Private Sector Liaison Officer.
The Global Initiatives Council works to create employment opportunities throughout Southern California by increasing exports, imports and foreign investment for companies of all sizes, and for the communities in which they conduct business. Global Initiative Council meetings in 2013 include:
The Los Angeles Regional Export Council (LARExC) works with the U.S. Census Bureau to bring this valuable training to Los Angeles on an annual basis so exporters can attend training locally and consistently. The first annual training attracted 83 participants (58 businesses) to the full-day seminar and 33 participants continued on to join the PcLink computer software training half-day workshop.
The updated Federal Trade Regulations (FTR) will be implemented on January 8, 2014. If you are a U.S. Principal Party in Interest (USPPI) or represent a USPPI, then this workshop is for you! Join us in May 2014 for our next training.
The Asia Pacific Business Outlook is the premier conference for exporters and investors targeting Asian markets. Get key intelligence on 17 markets by choosing from 60 focused sessions and private one-on-one consultations with senior commercial officers who have flown in from American embassies/consulates.
358 individuals from 141 businesses served; 480 appointments with U.S. Commercial Service Officers
The U.S. has signed 12 free trade agreements with countries in the region, providing you with the legal framework to conduct sound business without leaving California. Learn more about exporting your products and services to growing middle class consumers in Canada, Brazil, Mexico, Colombia, Peru and other developing markets in Latin America.
More than $16 million in new exports sales were generated by manufacturers and exporters of U.S. made products (at least 51% US content)
MBA students at UCLA Anderson School of Business and USC IBEAR conduct an extensive international business consulting project for firms seeking to develop their international business. Research includes extensive primary and secondary market analysis, including an in-country study trip for the student team to interview local experts, consumers, customers and government. Companies receive trade leads of potential foreign buyers and partners for international expansion with a rigorous analyses that support recommendations to accelerate your organization’s export strategy.
Exporting Made Easier for Small Businesses
The California State Trade Export Assistance Promotion (STEP) program combines a network of state, federal, private and non-profit trade promotion organizations in California to facilitate export promotion activities, serving targeted industries, to drive exports for small businesses. STEP is funded in part by the U.S. Small Business Administration.
Market Development Program (MDP) – Support to California Small Businesses for discounted participation
LARExC Trade Shows and Trade Missions
Select USA Roadshow in Mexico
LARExC participated in the SelectUSA roadshow in Mexico City, Guadalajara, and Monterrey, Mexico to promote and attract foreign direct investment to the Los Angeles region and California. LARExC partnered with the State of California, Governor’s Office on Business and Economic Development (GO-Biz) and the City of Los Angeles.
Select USA Summit
The first Select USA Summit will take place in Washington, D.C. this October and LARExC will again partner with GO-Biz to have representation for California. LARExC helps infuse support to our government leaders so they may participate in these vital activities for the benefit of our state and the Southern California region.
Creation of LARExC Task Forces
Designed/Made in Los Angeles (D/MinLA)
The creation of the D/MinLA apparel hangtag supports the ever-advancing fashion industry in Los Angeles by building a consistent LA brand for increased tradeshow participation, exporting opportunities, and developing a manufacturing base that is transparent and agile. The insignia will inform consumers around the world that Los Angeles is creating unparalleled fashion. It is a symbol of excellence.
Southern California Export Finance Office (SCEFO)
Recognizing the need for small business to access asset-based financing for greater cash-flow, SCEFO provides the necessary working capital secured by your accounts receivable and inventory to facilitate exports. Working with Pacific Coast Regional, we fill the gap of smaller loan amounts to support new exporters.
Los Angeles Regional FDI Team
Comprised of representatives from the local U.S. Export Assistance Centers, the City of Los Angeles, LAEDC, and GO-Biz, our Los Angeles Regional FDI Team will work with The Brookings Institution on the next phase of the Metropolitan Export Initiative.