Plano's International Resources

Plano Economic Development works hand-in-hand with a number of federal and international agencies, including the U.S. Department of Commerce Foreign Commercial Service, the U.S. Small Business Administration Office of International Trade, the multi-lateral development banks, and the Export-Import Bank. Through this network, the PEDB provides access to major global markets.

U.S. Commercial Service 
 
The U.S. Commercial Service, the trade promotion unit of the International Trade Administration, has trade specialists in nearby Grapevine, Texas and 107 other U.S. cities. Coupled with representation in more than 80 countries, the U.S. Commercial Service works with your company to help you get started in exporting or increase your sales to new global markets. Their services include: 

  • World class market research 
  • Trade events that promote your product or service to qualified buyers 
  • Introductions to qualified buyers and distributors 
  • Counseling and advocacy through every step of the export process
U.S. Small Business Adminstration Office of International Trade 

The mission of SBA's Office of International Trade is to enhance the ability of small businesses to compete in the global marketplace; facilitate access to capital to support international trade; and ensure that the interests of small business are considered and reflected in trade negotiations.

The U.S. Small Business Administration provides international trade financing for U.S. small businesses. It has a variety of trade finance programs, including SBA Export Express and Export Working Capital.

Export-Import Bank 
 
The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States. Ex-Im Bank's mission is to assist in financing the export of U.S. goods and services to international markets. Ex-Im Bank enables U.S. companies — large and small — to turn export opportunities into real sales that help to maintain and create U.S. jobs and contribute to a stronger national economy. Ex-Im Bank does not compete with private sector lenders but provides export financing products that fill gaps in trade financing. Generally, they assume credit and country risks that the private sector is unable or unwilling to accept. They also help to level the playing field for U.S. exporters by matching the financing that other governments provide to their exporters.

Ex-Im Bank provides working capital guarantees (pre-export financing); export credit insurance; and loan guarantees and direct loans (buyer financing). No transaction is too large or too small. On average, 85% of their transactions directly benefit U.S. small businesses. With more than 70 years of experience, Ex-Im Bank has supported more than $400 billion of U.S. exports, primarily to developing markets worldwide.

Dallas/Fort Worth Foreign Trade Zone (FTZ) No. 39 
 
A foreign trade zone (FTZ) is an area designated by the federal government as outside of U.S. Customs territory. Businesses operating with FTZ designation typically get relief from paying Customs duties and tariffs, which in turn lowers the cost of engaging in international trade.

Foreign trade zones are established in or adjacent to U.S. ports of entry and operate under the supervision of the U.S. Customs and Border Protection. The DFW International Airport Board administers the DFW Foreign Trade Zone. The Board participates in the Foreign Trade Zones Board's Alternative Site management framework, which allows an expedited process for approving new "Usage-Driven" foreign trade zone locations. Any business located in the Dallas, Tarrant, Collin, Denton, Grayson and Rockwall counties is eligible for the expedited process.

With the agreement of local officials, the federal government will provide any eligible business with a foreign trade zone designation on an expedited and simplified basis. Formerly, that designation took about a year. The new process to designate a “Usage-Drive Foreign Trade Zone Site” will now take 45 to 60 days and carry a nominal expense (approximately $6,000).