basic-guide-to-exporting_Latest_eg_main_086196

Millennium Development CorporationThe Millennium Development Corporation is an agency of the federal government that specializesin assisting the world’s poorest countries to develop their economies. Each year, Millenniumprocures millions of dollars in goods and services for work in participating countries, which mustpledge to improve their governance in return for the assistance.Many U.S. companies get their start in doing businessglobally by winning a contract from the MillenniumDevelopment Corporation. In fact, many federal agenciescontract with U.S. companies to work abroad. This businessis worth many billions of dollars, and the money goes tocompanies of all sizes. When large companies win bidsfor larger projects, they often subcontract with smallerspecialty companies. Yours could be one of them. That’s whyit’s important to monitor Federal Business Opportunities(FedBizOpps, fbo.gov). Bookmark this site.Many U.S. companies get their firstchance at international businessthrough a contract from theMillennium Development Corporation.U.S. Trade and Development Agency (ustda.gov)The U.S. Trade and Development Agency (USTDA) assists in the creation of jobs for Americans byhelping U.S. companies pursue overseas business opportunities. Through the funding of feasibilitystudies, orientation visits, specialized training grants, business workshops, and various forms oftechnical assistance, USTDA helps American businesses compete for infrastructure and industrialprojects in emerging markets.USTDA’s dual mission is to help companies get in on the ground floor of export opportunitiesand to make them competitive with heavily subsidized foreign companies. Because of its focusedmission, USTDA considers only infrastructure and industrial projects that have the potential tomature into significant export opportunities for American companies and to create jobs in theUnited States. Projects are typically in the areas of agriculture, energy and power, health care,manufacturing, mining and minerals development, telecommunications, transportation, andenvironmental services.To be considered for USTDA funding, your product or service must meet these criteria:• Must face strong competition from foreign companies that receive subsidies and othersupport from their governments• Must be a development priority of the country where the project is located and must have theendorsement of the U.S. embassy in that nation• Must represent an opportunity for sales of U.S. goods or services that is many times greaterthan the cost of USTDA assistance• Must be likely to receive implementation financing and must have a procurement processopen to U.S. companiesChapter 6: Finding Qualified Buyers81