SBDC International Initiative: Promoting Global Business Opportunities
EDC-VC’s Small Business Development Center has identified global business as a valuable pathway for strengthening our small businesses and regional economy. The SBDC serves as the global business development hub for the Los Angeles’ region’s eight SBDC Centers.
The program serves small businesses interested in accessing global trade opportunities by providing dedicated SBDC consultants who are Certified Global Business Professionals, the online Virtual International Business Advisor, outreach and workshops.
SBDC’s partners on the international initiative include: Southern California District Export Council (DEC), U.S. Department of Commerce, Brookings Institution, World Trade Center at the Port of Hueneme, Governor’s Office of Business and Economic Development (GO-Biz) .
Why Global Business Matters
In the conversation about global business opportunities, emerging markets—markets with the elasticity of fast growth, expanding investors, highly entrepreneurial and adaptive business professionals—are front and center. They serve as a catalyst for expanding business in a way that benefits their global partners and their country.
Economic resiliency: Firms that are diversified through global trading and business are better suited and stable within today’s fast growing global economy.
More competitive: Globally active firms are generally more competitive and have higher profitability than firms whose business solely focuses on domestic markets.
Innovation: Exporting companies strive to be competitive locally and globally, so they commit to practices that extend their productivity, profitability and create greater product innovation.