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Montana Manufacturing Center Winter Newsletter 2007

My recent participation in a trade mission to Italy rekindled the conviction that opportunities to expand markets internationally are very real for Montana companies.

Did you know that 97% of U.S. exporters are “small and medium-
size enterprises” (SME’s, having fewer than 500 employees)? What’s relevant here is that 70 percent of those exporting actually have fewer than 20 employees, not unlike Montana where 84 percent of manufacturers employ fewer than 20.

Two-thirds of SME’s that export currently sell to just one foreign mar-
ket, and nearly half to just four. Similarly, in Montana, four markets attract most of the export business, with Canada at roughly 50 percent followed by Japan and Germany each with 10 percent and Taiwan at 6 percent.

A real window for capturing market share around the world is in the offing as domestic demand surges in many developing nations and skyrockets in China. Just think; 95 percent of the world’s consumers live outside of the U.S.

For more on this opportunity and the full newsletter:
http://www.mtmanufacturingcenter.com/PDFs/winter07.pdf

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