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Governor Sets Goal to Increase $16.1 Billion Export Total by Another $1.4 Billion

September 25 2014 - 9:34 am

News Release
For Immediate Release

September 25, 2014

Contact:
Michael Sullivan, GOED Communications Director
801-538-8811
mgsullivan@utah.gov

Governor Sets Goal to Increase $16.1 Billion Export Total by Another $1.4 Billion
Businesses initiate international outreach at premier exporting event

Salt Lake City, UTAH — Governor Gary R. Herbert presented the first annual Utah Global Forum (UGF) where 450 people throughout the day enjoyed 15 rapid-fire presentations covering a variety of export topics—including export readiness, global brand management and finance risk mitigation.

In 2013, Utah exports totaled $16.1 billion, of which $7.6 billion were value-added exports. Governor Herbert challenged Utah exporters to grow that $16.1 billion by another $1.4 billion over the next five years.

“We have scarcely tapped the surface of what is possible,” said Governor Herbert in his address. “More than 95 percent of our customers live outside of the United States. Think about it—that is 7 billion potential customers, 2.4 of whom are online.”

UGF was designed to help Utah businesses reach the new goal by tapping further into the global marketplace. Business leaders gained confidence as they learned the necessary skills to reach international markets. Attendees were instructed in a group setting with a rapid-fire presentation format. Several breaks throughout the day further allowed presenters to interact with attendees on a personal basis, where attendees received individual instruction on how to start their company in exporting. A one-of-a-kind environment flourished while vital networking connections were made between business leaders, state exporting leaders and successful and influential exporters—specifically in the marketplaces of Europe, China, Mexico and the Middle East.

Exhibitors had a lively interaction with attendees, with one exhibitor noting they had over 150 people who visited their booth. Booths were placed among five of Utah’s Own Foods serving stations which allowed  hungry forum attendees, booth exhibitors and forum presenters to all intermingle in an energetic, lively and productive setting.

The UGF was presented by Governor Herbert in conjunction with the Governor’s Office of Economic Development, World Trade Center Utah, the Salt Lake Chamber and a host of sponsors.

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Photo Credit: Joseph Canfield
Governor Gary R. Herbert spoke to attendees at the Utah Global Forum. This first-of-its-kind event was presented by Governor Herbert as part
of an effort to further Utah toward reaching an increase in exports by $1.4 billion over the next five years.

 
Photo Credit: Joseph Canfield
Tarek Mango of Mango Enterprises teaches business leaders that the Middle East is an important market to tap into and that Middle Easterners want U.S. products. 


Photo Credit: Joseph Canfield
Laurel Delaney of GlobeTrade speaks to forum attendees about being export ready. Forum attendees received a copy of Delaney’s book,
Exporting: The Definitive Guide to Selling Abroad Profitably. 

 
Photo Credit: Joseph Canfield
Utah’s Own Foods provided the food for the forum with five serving stations and various food options. Forum attendees were able to pick their food up at the stations and visit with other business leaders and forum presenters. 

About the Utah Governor’s Office of Economic Development (GOED)
Web: business.utah.gov

The Governor’s Office of Economic Development (GOED) charter is based on Governor Gary Herbert’s commitment to economic development statewide. Utah’s economic development vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business destination. The mandate for this office is to provide rich business resources for the creation, growth and recruitment of companies to Utah and to increase tourism and film production in the state. GOED accomplishes this mission through the administration of programs that are based around targeted industries or “economic clusters” that demonstrate the best potential for development. GOED utilizes state resources and private sector contracts to fulfill its mission. For more information please contact:  Michael Sullivan, 801-538-8811 or mgsullivan@utah.gov.