Hosted by Tomas Hult, this segment of the globalEDGE Business Beat focuses on how MSU’s International Business Center serves Michigan and the Nation’s companies and educators, and provides prestigious leadership around the world through the Academy of International Business.
The regional impact of IBC in the last year has been tremendous. Under the auspices of IBC’s Michigan Export Growth Program (global.broad.msu.edu/MEGP), in the last year, the center participated in 30 business outreach programs involving 4,474 business people. IBC also engaged in 45 educational programs involving 2,336 higher education participants (four-year institutions and community colleges), ultimately impacting 154,980 students nationwide. Also, 168 companies received IBC market research reports through the Michigan Export Growth Program and attended events/trainings organized by Global Business Club of Mid-Michigan.
In 2018, these companies collectively generated $105.5 million in new export sales by achieving 939 new international market entries to 112 countries. It is estimated that one job is created for every $210,000 in export sales. So, these companies created an estimated 502 additional jobs in the state of Michigan during the 2018 fiscal year.