MetroConnect, World Trade Center San Diego’s flagship export assistance program, would love to see America’s Finest City catch up with the state’s next largest exporting area – the region of San Jose, Sunnyvale and Santa Clara.
The value of goods San Diego exported in 2015 was $17.4 billion, while the greater San Jose region notched $19.8 billion, according to the latest data available from the Department of Commerce’s International Trade Administration.
As part of an ongoing push to bolster local businesses’ international expansion efforts, MetroConnect is offering 15 local companies $10,000 plus other help toward going global, thanks to a JPMorgan Chase & Co. grant.
The program’s two former cohorts have together generated $10.5 million in new export sales, signed more than 70 new contracts, added 50 new jobs to the region and set up nine overseas facilities, according to program organizers. Three have been acquired or otherwise achieveD a successful exit.
Past participants include Calbiotech, Rough Draft Brewing, Deering Banjo Co., ROBO 3D and biotech company Cypher Genomics, which was acquired in 2015 by San Diego’s Human Longevity Inc.
Since 2009, goods exports from San Diego have increased by $4 billion, according to the ITA. In the last decade, on average, exports from the region have increased 2.8 percent annually. In 2015 the region originated more than 10 percent of the state’s goods export value.
Businesses looking for cash and connections to help them sell abroad can apply for MetroConnect’s assistance program at metroconnectsd.org through June 30.