For Immediate Release
Aimee Edwards, GOED Communications Director
Utah Companies Join Trade Mission to Korea and Taiwan
SALT LAKE CITY (March 27, 2016) – The Governor’s Office of Economic Development (GOED) led a delegation representing 20 Utah businesses on a trade mission to Seoul, Korea and Taipei, Taiwan from March 15-23. The trade mission provided the participating companies with valuable opportunities for networking and market research as well as exhibition at international trade shows.
“Korea and Taiwan are both among Utah’s top 10 export destinations,” said Brett Heimburger, director of GOED’s International Trade and Diplomacy Office. “Trade missions deepen our relationships with these countries and provide important opportunities especially to small companies that may not be able to make essential connections otherwise.”
The trade mission began in Korea, where company leaders received briefings on the intricacies of conducting business in the country and participated in business-to-business meetings and networking receptions designed to open doors for trade opportunities and international expansion. The delegation also visited the University of Utah Asia Campus in Songdo, a “smart city” leading out on sustainability and technology infrastructure. Five companies presented as part of the Utah booth at the Korea International Medical and Hospital Equipment (KIMES) Show.
In Taiwan, GOED worked with the local government and media to highlight Utah as an important trade partner and destination for foreign direct investment. Several Utah companies also joined the Utah booth at the Taipei International Cycle Show.
Six of the 20 companies traveled to both countries for site visits and business meetings. Salt Lake City-based software development company Pixio was one of them.
“What began as an exploratory adventure into Asian government and trade groups has rapidly turned into a hotbed of new projects and new associations,” said Lorenzo Swank, founder and chairman of Pixio. “We did not expect to have such direct access to high level government and industry officials. It was an extremely productive trip.”
Among other outcomes, Pixio developed working relationships with several associations and is poised to launch joint projects with the Korea Integrated Logistics Association, Korea Fashion Association and the Taiwan Ministry of Economic Affairs.
The trade mission was organized by GOED with support from World Trade Center Utah, and trade show participation was made possible by the U.S. Small Business Administration and State Trade and Expansion Program (STEP).
- Businesses that participated in the Utah Trade Mission to Korea and Taiwan:
- Fiber Fix
- Larada Sciences
- Lizard Skins
- Mercury Wheels
- Summit Medical
About the Utah Governor’s Office of Economic Development (GOED)
The Governor’s Office of Economic Development (GOED) charter is based on Gov. Gary R. Herbert’s commitment to statewide economic development. The state’s economic vision is that Utah will lead the nation as the best performing economy and be recognized as a premier global business environment and tourist destination. GOED provides extensive resources and support for business creation, growth and recruitment statewide, as well as programs to increase tourism and film production for the benefit of Utah residents. All administered programs are based upon strategic industry clusters to develop a diverse, sustainable economy. GOED accomplishes its mission through unprecedented partnerships. For more information please contact: Aimee Edwards, (801) 538-8811 or email@example.com.
About the U.S. Small Business Administration (SBA) and the State Trade Expansion Program
The State Trade Expansion Program (STEP) is funded in part through a cooperative agreement with the U.S. Small Business Administration. The U.S. Small Business Administration (SBA) is an independent agency of the federal government to aid, counsel, assist and protect the interests of small business concerns, to preserve free competitive enterprise and to maintain and strengthen the overall economy of our nation. The SBA helps Americans start, build and grow businesses. For information regarding the STEP Grant Program, please contact Ariel Briggs, STEP Project Director, firstname.lastname@example.org. For information regarding other US Small Business Administration services, please contact Melinda Workman, Utah District International Trade Officer, email@example.com.