Business Oregon Export Grants Help Portland Firm Fly High
Thanks to export assistance from Business Oregon, Portland's Simplex Aerospace found customers in Russia and Latin America.
Participating in international trade shows and trade missions is among the most effective ways for companies to enter into new international markets or expand their visibility in existing markets. Trade shows offer the opportunity to meet potential buyers, test market interest and evaluate the competition. A trade mission can be a cost effective way to meet potential distributors and buyers, secure licensing agreements and explore joint venture opportunities.
The state of Oregon offers financial assistance to Oregon companies who wish to take advantage of international trade shows and trade missions to enter new markets or expand existing ones. Through the Oregon Trade Promotion Program (OTPP), Business Oregon will reimburse up to 50 percent of a company's eligible expenses up to $5,000 per pre-approved strategic event (maximum reimbursable amount may vary depending on budget for specific event). Eligible expenditures may include:
Applications for the OTPP must be submitted in advance of the event to allow ample time for application review and contract preparation. Successful applicants will be selected based on the criteria of fund availability and if the trade show (or mission) fits within the state's priority business clusters. Priority business clusters for export potential include:
Oregon's energy costs are among the lowest industrial rates in the U.S. averaging fewer than 5 cents per kilowatt hour in some areas. This is about half of the industrial rates in California.