Tuesday, September 23, 2014

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North Country business looking to go global

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CNY/NNY/S. Tier: North Country business looking to go global
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Going global is a goal for many businesses. And companies in the north country looking to expand may have a head start on the competition. Matt Jarchow shows us how politicians are trying to help area businesses showcase themselves around the world.

OGDENSBURG, N.Y. -- North Country businesses looking to enter the global market have one major advantage - location. Constant imports and exports put northern New York in the perfect position.

"We are an international region," North Country Chamber of Commerce President Garry Douglas said. "We are New York's other international gateway."

Exporting across the St. Lawrence River to Canada is one thing, but expanding to other continents is more difficult. Senator Gillibrand showed business leaders in Ogdensburg Friday, what resources are available to help. Among them, the federal Export-Import Bank.

"It makes a lot of difference for our local businesses to be able to ask Fred Hochburg, the chair of the bank, how he can help them to export their products further to Canada to China to anywhere in the world," Gillibrand explained.

That bank can help North Country businesses big and small. Providing working-capital guarantees, export insurance, and financing. It's a major asset for local businesses.

"It has a lot of potential to be used by companies in the North Country," Douglas said. "Far more than it has been. They've just kind of not been visible. Today they are becoming visible up here."

They become visible and available to provide assistance.

"We need to take more advantage of that expertise to expand beyond what will always be number one for us which is Canada but also use that base of knowledge to take us elsewhere," Douglas said.

Hopefully this will help North Country businesses break into a global economy.

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