International Trade and Diplomacy
INTERNATIONAL TRADE AND DIPLOMACY
The International Trade and Diplomacy Office (ITDO) grows Utah’s economy by:
• supporting foreign direct investment (FDI) opportunities in Utah through promotion of the state’s dedicated workforce and vibrant economy; • helping Utah businesses secure international business contacts and increase goods and service exports; • facilitating diplomacy meetings for the state and leveraging diplomatic contacts to develop and expand foreign markets for Utah.
FY 2016 Summary and Outcomes
Utah is a globally-minded state. According to U.S. Census data, Utah residents speak more than 120 languages in daily business. Our strong international ties serve as a bridge from the Intermountain West to the world. ITDO facilitates diplomacy for the state and leverages diplomatic contacts to develop and expand foreign markets for Utah. The partnerships and alliances developed through diplomatic relations are a key component to the promotion of Utah’s business community and the recruitment of foreign direct investment in the state. In FY 2016, the state of Utah hosted approximately 60 diplomatic visits, including, ambassadors and other high-level diplomats. Visiting delegations represented more than 30 countries, as indicated by the dark blue areas in the map below.
As part of the State Trade and Expansion Program, and in cooperation with the U.S. Small Business Administration, ITDO awarded matching grants to 52 companies for participation in international trade shows, trade missions or independent sales trips. Participating companies reported $3.12 million in actual sales at these events in the FY 2016 period. When attending international trade shows, companies have the option of exhibiting independently or joining a Utah booth hosted by ITDO. State-hosted booths help smaller companies establish a presence, find partners or buyers, and boost their visibility within their industry. In FY 2016, 24 companies attended six international trade shows as part of a Utah booth. Governor’s Office of Economic Development • 2016 Annual Report • www.business.utah.gov
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