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International Business and Resources
Businesses in Michigan's Great Southwest are reaching beyond the boundaries of the United States to offer their goods and services to the global arena. Some of the major local companies that are global competitors include Whirlpool Corporation; Gast Manufacturing, an IDEX Corporation; LECO Corporation; as well as many others.
Located in the southwest corner of Michigan, Michigan's Great Southwest joins with other companies throughout the state to make Michigan the second largest exporter of transportation equipment. Additionally, Michigan is the top U.S. exporter of fabricated metal products.
Michigan is the nation's fifth largest exporting state, with 95% of exports going to markets served by the state's regional trade offices in Toronto, Brussels, Tokyo and Hong Kong and representatives in Mexico City and Harare, Zimbabwe. Fifty-nine percent of Michigan's Great Southwest's exports are to NAFTA countries (Canada and Mexico) and Europe.
Foreign Trade Zone Opportunities
Local import and export businesses located in Michigan's Great Southwest have the opportunity to take advantage of a foreign trade zone designation for the St. Joseph River Harbor and the city of Benton Harbor. This unique opportunity was made possible thanks to a partnership between the city of Benton Harbor, Cornerstone Alliance and Battle Creek Unlimited.
A foreign trade zone, an area considered to be outside the U.S. customs territory yet under its supervision, provides a variety of economic benefits, including the following:
- Foreign and domestic merchandise may be entered without payment of Customs duties or excise taxes.
- Materials can be exhibited and sold before paying duties.
- Duties are eliminated when merchandise is transshipped, re-exported, or destroyed in the zone.
- Operating capital risk kept free because duties are deferred until goods are sold.
- Goods in the zone can be used as collateral.
- And much, much more...
For further information regarding Foreign Trade Zones, please contact Cornerstone Alliance at (269) 925-6100.
Michigan District Export Council (MDEC)
The Michigan District Export Council (MDEC) is an organization of
leaders from the local business community whose knowledge of
international business provides a source of professional advice for
local firms. Closely affiliated with the Commercial Service's Export
Assistance Centers (http://www.export.gov/comm_svc/eac.html), the MDEC
combines the energies of over 30 volunteers to supply specialized
expertise to small and medium-sized businesses in their local community
who are interested in exporting. MDEC creates seminars that make trade
finance both understandable and accessible to small exporters, hosts
international buyer delegations, designs breakthrough guides to help
firms export, puts exporters on the Internet and helps build export
assistance partnerships to strengthen the support given to local
businesses interested in exporting.
The goal of MDEC, as it is with all other councils throughout the United
States, is the furtherance of our nation's export efforts directed by
the Trade Promotion Coordination Committee (TPCC). MDEC
encourages and supports export expansion activities by counseling local
businesses, identifying export finance sources, building local export
assistance partnerships with other organizations, and promoting
international education at the community level.
MDEC encourages and supports export expansion activities by counseling
local businesses, identifying export finance sources, building local
export assistance partnerships with other organizations, and promoting
international education at the community level.
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If you see this image then click it to find locations in that category in our area!
For more information
Cornerstone Alliance
P.O. Box 428, Benton Harbor, MI 49022
tel: (269) 925-6100
webmaster@michigansgreatsw.com
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