Pennsylvania has the most robust trade network in the nation, thanks in part to Team PA and our support of the state’s international programs.
In 1997, Team PA provided the seed funding for the Department of Community and Economic Development’s (DCED) Office of International Business Development (OIBD) to establish international trade and investment offices around the globe.
Pennsylvania employs a two-pronged approach to international assistance: the Center for Trade Development provides export development assistance through local and overseas offices, while the Center for Direct Investment promotes PA to an international audience through a network of global investment representatives and in-state partners.
In fiscal year 2012-13, the Center for Trade Development network initiated assistance with 261 new companies and supported 1,176 companies in total. This enabled the program to surpass the half-billion dollar mark for the second year in a row, bringing in an impressive $830 million of supported export sales for the year.
In 2011, we strengthened our partnership with OIBD by hiring an International Initiatives Manager to oversee the development of an International Business Advisory Board (IBAB) to increase private sector support, assist with special projects, and facilitate communications between network partners.
The first mission was so successful (read an Impact Report), the governor led another delegation to Brazil and Chile in April 2013.
During the South America mission, Team PA provided two small businesses (Brookville Equipment Corporation and Regenex) with $5,000 scholarships each to participate in the trip following a review by IBAB members.
Only a few months after the second successful trade mission ended, Team PA helped sponsor two trade delegation visit from France and Chile to the commonwealth. The French delegation came to learn more about the state’s robust economy and higher education system while the Chilean delegation came to the Keystone state to discuss energy opportunities with Pennsylvania’s abundant natural gas play.