International Trade v2

GOED offers a variety of programs and assistance to both Nevada and international businesses to expand trade. From assisting small businesses in their international exporting goals, to drawing in foreign direct investment, GOED strives to create and promote opportunities. In today’s global economy, businesses that think and work globally will thrive. In 2022, Nevada exported over $10.5 billion worth of goods and services. To learn more about Nevada international trade data, read the Nevada International Trade Brief document below.

PROGRAMS

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Nevada Trade Missions

GOED works with the Nevada Governor to create Trade Mission and follow-up opportunities to become immersed in new or expanding international markets.
Nevada Trade Missions
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Nevada Export Grants

Nevada’s Export Grant Program* offers four financial assistance award opportunities for small- and medium-sized businesses to start exporting, expand markets, and sell globally.
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Foreign Direct Investment

International Trade division works closely with the Select USA program of the U.S. Department of Commerce and companies from other countries who are interested in setting up U.S. operations in Nevada.
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TRADE INFORMATION

Make informed decisions as you explore new markets and grow your international presence.

Export Resources

There are several federal and state resources available to companies as they learn and expand their export business.

U.S. Commercial Service (CS)

Federal Website: https://www.trade.gov/us-commercial-service
ITA Website: https://www.trade.gov/
Nevada Website: https://www.trade.gov/nevada-las-vegas

The U.S. Commercial Service is a global network of experienced trade professionals located throughout the United States and in U.S. Embassies and Consulates worldwide. They are the trade promotion arm of the U.S. Department of Commerce’s International Trade Administration (ITA).

The ITA, of which the USCS is a part, is charged with strengthening the competitiveness of U.S. industry, promoting trade and investment, and ensuring fair trade through the enforcement of trade laws and agreements.

U.S. Small Busniess Association (SBA)

Federal Website: https://www.sba.gov/

Nevada Website: https://www.sba.gov/district/nevada

USEAC Website: https://www.sba.gov/local-assistance/export-trade-assistance/us-export-assistance-centers

Export Resources: https://www.sba.gov/business-guide/grow-your-business/export-products

Export Flyer: http://www.export-u.com/DOWNLOADS/SBA-loan-programs-2021.pdf

 

The Small Business Administration supports America’s small businesses. The SBA connects entrepreneurs with lenders and funding to help them plan, start, and grow their business.

 

The U.S. Export Assistance Centers (USEACs) help companies explore the process of exporting at centers across the country. Each one is staffed by professionals from public and private organizations with experience in export assistance for small- and medium-sized businesses

U.S. Trade and Development Agency (USTDA)

Federal Website: https://ustda.gov/

Nevada Flyer: https://ustda.gov/wp-content/uploads/Nevada-2022-Brief.pdf

 

The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority infrastructure projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.

U.S. State Department

Federal Website: https://www.state.gov/

The U.S. Department of State is leading America’s foreign policy to advance the interests and security of the American people.

Small Business Development Center (SBDC)

Federal Website: https://americassbdc.org/

Nevada Website: https://nevadasbdc.org/

Export Resources: https://www.sba.gov/local-assistance/export-trade-assistance

 

SBDCs are hosted by leading universities and state economic development agencies, and are partially funded through a partnership with SBA. Their advisors offer free business consulting and low-cost training services.

State of Nevada Department of Business and Industry

Website: https://business.nv.gov/

Export Resources: https://business.nv.gov/Resource_Center/Exporting/

The Department of Business and Industry is a cabinet level agency in Nevada State government. Their objective is to encourage and promote the development and growth of business and to ensure the legal operation of business in order to protect consumers by maintaining a fair and competitive regulatory environment.

Manufacture Nevada

Website: https://www.manufacturenevada.com/

Resources: https://www.manufacturenevada.com/resources

Manufacture  Nevada is is the go-to resource for ensuring Nevada industry is resilient and leads the world in innovation. They assist manufacturing companies with a variety of programs and/or services.

Nevada Department of Agriculture (NDA)

Website: https://agri.nv.gov/Administration/Global_Trade/Global_Trade_Home/

Export Resources: https://agri.nv.gov/Administration/Global_Trade/Resources/

 

The NDA Trade and Economic Development program offers assistance to companies with their domestic and international marketing efforts. Program resources are designed to assist companies of any size, with or without experience in marketing.

Export-Import Bank of the United States (EXIM)

Website: https://www.exim.gov/solutions

 

EXIM offers the export finance solutions your company needs to export fearlessly. To search for local EXIM contacts click here.

Foreign Trade Zones

Foreign-Trade Zones (FTZ) are secure areas under U.S. Customs and Border Protection (CBP) supervision that are generally considered outside CBP territory upon activation. Located in or near CBP ports of entry, they are the United States’ version of what are known internationally as free-trade zones. Foreign and domestic merchandise may be moved into zones for operations, not otherwise prohibited by law, including storage, exhibition, assembly, manufacturing, and processing.

Nevada has two designated FTZs:

  • Foreign Trade Zone (FTZ #89) – Clark County (managed by Las Vegas Global Economic Alliance)
  • Foreign Trade Zone (FTZ # 126) – Northern Nevada (managed by Economic Development Authority of Western Nevada)

Benefits of Foreign Trade Zone (FTZ):

Duty Elimination – No duty is paid on scrap, waste, damaged goods or re-exported goods.

Duty Reduction – “Inverted tariff,” in which finished projects may have lower duty rates than components. Also, companies can assemble products and enter products into U.S. Customs at a lower rate.

Duty Deferral – Import duties are deferred until goods leave the zone.

Logistical Benefits – Companies using FTZ procedures may have access to streamlined customs procedures (i.e. “weekly entry” or “direct delivery”).

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International Partnerships

GOED aims to increase trade relationships with strategic partners for Nevada. Through a variety of MoUs, partnerships, programs, and legislation, Nevada companies have access to a breadth of international assistance in trade and business development.

Nevada – Ontario Sister-State MoU

2023

Nevada – Quebec Economic Partnership MoU

2023

Nevada – Taiwan Sister State Agreement

2023

Nevada – Silesia MoU 2022

2022

Nevada – Slovenia MoU 2022

2022

European Union Days

2021

Nevada – Israel Economic Cooperation

2019

Past International MoUs and Partnerships

2019

Dragonfly Energy Corp. is honored to have been chosen for Governor Lombardo’s inaugural Trade Mission. As Canada strives to become a leader in the lithium battery supply chain, Dragonfly Energy has found the country’s access to raw materials, commitment to green energy, well-educated workforce, and efficient transportation system to be highly advantageous as we explore domestic lithium battery manufacturing with a supply chain compliant with IRA standards. Tiffany Moehring
Nevada is at the forefront of strengthening and driving a sustainable North American battery metals supply chain. It was such an honor to represent American Battery Technology Company as part of Governor Lombardo and the Nevada Governor’s Office of Economic Development’s first trade mission to Canada. Dominic Sinnott

MEET THE TEAM

Amanda Flocchini

International Business Development Director

Avrey Callis

Senior International Trade Manager

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