Northwest Aerospace News — Issue No. 38 April | May 2024 | Page 47

Furthermore , the Washington State Department of Commerce showcased its commitment to fostering partnerships with international aerospace companies by hosting a dedicated booth at the conference . This booth served as a focal point for networking and information exchange , providing the German delegation with valuable insights into the state ’ s aerospace industry ecosystem , incentive programs , and investment opportunities . Representatives from the Department of Commerce engaged in productive discussions with the delegation , offering tailored support and guidance to facilitate their entry into the local market . The booth also arranged introductions to other conference attendees , fostering connections that could lead to future collaborations and business ventures . Overall , the presence of the Washington State Department of Commerce booth underscored the state ’ s proactive approach to attracting foreign investment and promoting economic growth in the aerospace sector .

In addition to its active engagement with international aerospace companies , the Washington State Department of Commerce is deeply committed to supporting local businesses in expanding their exporting activities . By showcasing its dedication at events like the PNAA Advance Conference , Washington State not only demonstrates its proactive approach to attracting foreign investment but also emphasizes its role as a valuable resource for businesses seeking to enter global markets . Through initiatives like the STEP Export Voucher Program and partnerships with organizations like the U . S . Commercial Services and the SBA , the Department of Commerce offers a comprehensive suite of resources and support services to help businesses thrive in the competitive global marketplace .
The Washington State Department of Commerce provides a range of resources to assist your company in expanding its export activities into foreign markets . Exporting is not only important but also beneficial for your business , as it contributes significantly to each state ’ s GDP . In 2022 , the Pacific Northwest exported nearly $ 100.7 billion , with aerospace products accounting for $ 43 billion of that total . Washington State alone exported goods valued at $ 56 billion in 2020 , with aerospace products making up $ 32 billion of that amount , according to the U . S . Census Bureau . Washington State companies play a substantial role in aerospace exports in the region , accounting for nearly 75 percent of the aerospace products exported from the Pacific Northwest .
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