The companies were supported in part through a cooperative agreement with the US Small Business Administration.
The Alabama team will also participate in the 11th installment of the EU-US Small and Medium Enterprise (SME) Best Practices Workshop in Augsburg. The event aims to improve trade and investment opportunities for small and medium enterprises on both sides of the Atlantic.
The theme of this year’s workshop is “The Rise of SMEs: Getting Together on Both Sides of the Atlantic”.
“Through our Office of International Trade, we are leading the charge to ensure Alabama businesses are directly connected to the resources they need to access foreign markets and develop export opportunities,” said Greg Canfield, Secretary of the Alabama Department of Commerce.
“We are committed to strengthening Alabama’s international ecosystem and working with our business partners at all levels to foster a healthy climate for international business,” he added.
The Alabama team arrives in Munich, Bavaria’s capital and global center for technology, finance, innovation and science, on Sunday. The team will attend a welcome dinner sponsored by Export Alabama on Sunday and participate in business meetings on Monday, before heading to Augsburg.
Wednesday’s SME workshop in Bavaria’s third-largest city will include discussions on topics including business opportunities, pandemic transition strategies and access to finance, as well as business networking opportunities .
Alabama companies sending representatives to the trade mission include:
- Gene capturea Huntsville-based biotechnology company developing wearable technology to identify infections
- BLOC Global Groupa professional services company in Birmingham specializing in commercial property and the delivery of infrastructure projects
- Domestican electric vehicle hospitality company dedicated to creating refined user experiences through well-designed consumable products to fight climate change
- Ada Internationala Birmingham-based industrial engineering and project management services company
- ASHIPA Electric Limiteda Birmingham company that develops micro-grid management software
LINKS WITH GERMANY
Alabama’s trade ties with Germany are very strong. German companies have invested nearly $10 billion in Alabama since 1999, and the European country is one of the state’s top trading partners. Alabama opened a business development office in Stuttgart in 2019.
Christina Stimpson, director of Commerce’s Office of International Trade, said the trade mission represents an opportunity for Alabama companies to identify new growth opportunities to strengthen the future of their businesses.
“This trade mission is about helping Alabama businesses open new doors, explore new markets, and build new relationships in one of the most dynamic economies in the world,” said Stimpson.
“We are constantly working to ensure that all Alabama businesses understand the opportunities that exist in foreign markets and that foreign businesses understand the opportunities that Alabama has to offer,” she added.