Hofstra University’s Frank G. Zarb School of Business and the U.S. Commercial Service of the U.S. Department of Commerce’s International Trade Administration have forged a partnership to increase awareness in the U.S. business community, particularly among small- and medium-sized businesses, about exporting and the tools and resources our organizations provide to help them succeed.
The Zarb School and U.S. Commercial Service’s network of worldwide offices will work together on education programs and events leveraging both entities’ expertise to help make U.S. businesses—and particularly small- and medium-sized firms—more export savvy, according to a memorandum of understanding approved this month. In addition, this joint effort will enhance networking and educational opportunities for Zarb students and cultivate collaboration with faculty to enhance their research initiatives.
“Our partnership with the U.S. Commercial Service, the trade promotion arm of the U.S. Department of Commerce is the perfect fit, as we share in a parallel vision and continuously reach across borders to provide diversity and a comprehensive educational experience to our students,” stated Dean Patrick Socci of the Frank G. Zarb School of Business.
“We’re pleased to welcome the Zarb School of Business as a partner in our efforts to strengthen the U.S. economy and support local jobs through expanding U.S. exports,” said Under Secretary of Commerce for International Trade Francisco Sánchez. “With more than 95 percent of potential customers living outside U.S. borders, it’s imperative that American companies of all sizes consider the benefits of selling their products abroad.”
In 2010, President Obama announced the National Export Initiative (NEI) with the goal of doubling U.S. exports by the end of 2014. The partnership supports this goal by educating U.S. exporters, particularly small- and medium-sized companies, about the benefits of expanding their exports to additional markets, and the public and private sector resources to assist them. Hofstra University’s Frank G. Zarb School of Business joins several of the U.S. Commercial Service’s Strategic Partners who have connected more than 1,500 companies to federal export assistance.