Texas Small Business Development Center Network Building the Texas Economy One Business at a Time
How significant are exports to the Texas economy? Although trade is often thought of in terms of policy issues, its impact on Texas is significant. From a big picture perspective, trade can raise the living standards of those around us, both in Texas and worldwide. Can you quantify the impact? Texas is one of the top 10 economies in the world, and one of the top exporting states in the USA. The state’s exports, according to the federal government, totaled more than $248 billion in 2015. In addition to that, SelectUSA reports that Foreign Direct Investment in Texas supports 545,000 jobs that directly supported by majority foreign-owned affiliates in the state. What countries are the state’s leading trade partners? The state’s top export destinations are Mexico, Canada, China, Korea and Brazil. D ear Texas Exporters, Development Center (SBDC) Network is driving exports among small and medium size companies, contributing to Texas’ role as a leader in international trade. In 2016, the U.S. Bureau of Economic Analysis (BEA) reported Texas as the top exporting state in the nation for the 14th consecutive year, with over $251 billion in goods exported in 2015. Exports from Texas alone accounted for more than 16% of U.S. goods exported that year. The unique and strategic location of Texas allows the state to operate the most U.S. ports of entry and maintain a multilin- gual workforce twice the national average. In addition,Texas also boasts the largest U.S. rail and road infrastructure. And as a gateway to Mexico, the efforts from our Texas SBDC Network is fueling economies and growth on both sides of the border. International firms continue basing facilities for warehousing, distribution, and manufacturing in Texas to capitalize on the state’s access to global markets. And, while large businesses in Texas play an integral role within the international trade market, more than 90 percent of all Texas exporters are small and medium size businesses. Of the AlSalgado South-WestTexasBorderSBDCNetwork Al S lgado South-WestTexasBorderSBDCNetwork Craig Be NorthwestTexasSBDCNetwork Texas remains the number one exporting state in the country, serving as a global leader in inter- national trade. Across the state, the Small Business
over two million small businesses in Texas, more than 725,000 are women and minority owned. The Texas SBDC Network operates over 60 centers throughout the Lone Star state and strives to support Texas as it leads the country in the global market. To learn more about the Texas SBDC Network, visit sbdctexas.org Texas SBDC Network Executive Team:
Albert Salgado, South-West Texas Border SBDC The University of Texas at San Antonio Al Salgad South-WestTexasBorderSBDCNetwork Craig Bean NorthwestTexasSBDCNetwork Mark Langford NorthTexasSBDCNetwork
F. MikeYoung TexasGulfCoastSBDCNetwork
Craig Bean, Northwest Texas SBDC Texas Tech University
Mark Langford, North Texas SBDC Dallas County Community College District M rkLangford NorthTexasSBDCNetwork F.MikeYoung TexasGulfCoastSBDCNetwork
CraigBean NorthwestTexasSBDCNetwork
Mike Young,Texas Gulf Coast SBDC University of Houston F. MikeYoung TexasGulfCoastSBDCNetwork
Mark Langford NorthTexasSBDCNetwork
Q&A: Texas Is a Global International Trade Powerhouse
Greg Sandler, publisher of the Texas Export Guide and past chairman of the National District Export Council, talks about the strength of the Texas economy from a global perspective.
Which industry sectors offer the best opportunities? The leading export sectors in Texas include Computer & Electronic Products, Petroleum & Coal Products, Chemicals, Machinery, and Transportation Equipment. Nearly 42,000 companies currently export from Texas. Moreover, 93 percent of those exporters are small- and medium-sized companies. Those exporters support more than one million jobs. How can exporters get export assistance? Export assistance is readily available from the Texas Small Business Development Centers (SBDC) throughout the state, as well as from trade specialists at the U.S. Commercial Service, and the EXIM Bank. For more information about trade assistance in Texas, contact a local SBDC office. More information is online at SBDCTexas.org.
Texas.Think.Global
2017 Texas Export Guide
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