After coming to Tennessee twice in the last three months, the Obama administration gave the Volunteer State even more while announcing executive actions in his “Made in Rural America” initiative.
Tennessee’s merchandise exports made a record-breaking $33 billion in 2014 according to a release from the White House Press Secretary citing a Department of Commerce study.
Tennessee’s exports, led by transportation equipment ($7.4 billion), computer and electronic products ($5.3 billion), and chemicals ($5 billion), were highlighted in the administrations discussion of their plans for boosting rural commerce.
These executive actions will include:
- Reverse trade missions and outreach events to introduce rural businesses to foreign partners
- The creation of a new National rural Export Innovation Team
- A partnership with banks to educate local lenders on the needs of external lenders
- “Grow Your Business” Day workshops in 75 Postal Service locations to provide rural businesses education on exporting, e-commerce, online forms, and planning for export shipping.
- Launching an i6 Rural Challenge, which will focus on providing funding to rural communities to build capacity for commercializing technology by collaborating across agencies and providing funding to Challenge winners.
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