Job Creation

Exporting matters! It matters to firms that profit from exporting and it also matters to the national economy as a whole. Federal, state and local governments devote billions of dollars each year to encourage exporting among firms of all sizes and in all sectors. here's how RTM, hosted by USTDA can help you grow your business and strengthen the American economy.

Reverse trade missions provide unique opportunities to foster business relationships and build long-lasting partnerships between U.S. businesses and our overseas partners. During the past year, USTDA hosted more than 50 reverse trade missions to introduce U.S. businesses to more foreign delegates and business opportunities than ever before.

A key part of USTDA’s support of the National Export Initiative, these carefully planned missions enable foreign delegates to visit the U.S. to observe first-hand the design, manufacture, and demonstration of goods and services that can help the delegates achieve their development goals. The reverse trade missions are planned to target current and near-term business opportunities, creating immediate results and export successes for U.S. businesses.

This past year, USTDA introduced more than 600 foreign delegates to more than 1,000 U.S. company representatives across the United States. These foreign delegates included ministers, mayors, and senior governmental and private sector officials from emerging markets.

Expanded Tax Credit for Hiring Unemployed Veterans

The work opportunity credit has been expanded to provide employers with new incentives to hire certain unemployed veterans.

On November 21, 2011, the President signed into law the VOW to Hire Heroes Act of 2011. This new law provides an expanded work opportunity tax credit to businesses that hire eligible unemployed veterans and for the first time also makes part of the credit available to tax-exempt organizations.

President Obama sent three trade agreements to Congress for approval. While each of the trade agreements were negotiated differently, they all share one common goal - to increase opportunities for U.S. businesses, farmers, and workers through improved access for their products and services in foreign markets. Each supports President Obama’s National Export Initiative goal of doubling U.S. exports by 2015.

All Trade Promotion Agreements have one thing in common. They reduce barriers to U.S. exports, and protect U.S. interests and enhance the rule of law in the partner country. The reduction of trade barriers and the creation of a more stable and transparent trading and investment environment make it easier and cheaper for U.S. companies to export their products and services to trading partner markets.This results in jobs here in America.

The most common question about these agreements is, "What exactly is in them?"

The U.S. Small Business Administration (SBA) announced that the National Center for American Indian Enterprise Development (NCAIED) is one of eleven awardees in a Small Business Teaming Pilot Program designed to help small businesses work together to compete for federal contracts, grow, and create jobs.

On September 27, 2010, President Obama signed into law the Small Business Jobs Act, the most significant piece of small business legislation in over a decade designed to provide critical resources to help small businesses continue to drive economic recover and create jobs. The Small Business Teaming Pilot Program, one of many beneficial programs made possible by the Small Business Jobs Act, awards grants to organizations for training, counseling, and mentoring to help small businesses enter into teaming relationships and compete for larger federal contracts. Teaming may take the form of joint venture and mentor-protégé relationships.

As one of eleven grantees selected from hundreds efforts to of applications submitted, the National Center was awarded $500,000 that will go toward creating jobs, businesses, and cooperative efforts between businesses and tribes nationally and within Indian Country. The organizations in the pilot program will help small businesses find other firms interested in teaming, form teaming arrangements, and find and bid on larger contracts. Grantees will leverage their existing resources and collaborate with SBA District Offices, resource partners, and other federal, state, local and tribal government small business development programs.