International Trade
NEVADA: WHERE GLOBAL
IDEAS LAND
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.
Nevada Trade Activities
GOED works with the Nevada Governor’s Office and other state stakeholders to develop Trade and Investment Missions and create international activity opportunities. Nevada companies are encouraged to explore our upcoming events.
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.
*Nevada Export Grants are “Funded in part through a Cooperative Agreement with the U.S. Small Business Administration. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.” Please see the SBA State Trade Expansion Program for more information.
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.
Export Resources
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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.
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U.S. Small Business 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.
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.
To learn about FTZ please visit: An Introduction to Foreign-Trade Zone _ US Custom and Border Protection.
Foreign Trade Zones
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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”).