Trade Alliance Receives Public Private Partnership Award on 1st Anniversary
August 27, 2013
Albuquerque, NM— Today Albuquerque Mayor Richard J. Berry recognized the successes of the Albuquerque-Bernalillo County Trade Alliance that was formed by the City and County in August of 2012. The Trade Alliance celebrated its first anniversary by receiving a Public-Private Partnership Award from the Mid-Regional Council of Governments during their annual meeting and awards ceremony.
"Forming the Trade Alliance was an important step in our international trade promotion and economic development efforts," said Mayor Berry. "Export numbers are now on the rise and I expect to see our economy grow and diversify as more New Mexico companies sell internationally."
Since the City and County launched the Trade Alliance last August it has assisted over thirty New Mexico companies, led thirteen companies to foreign markets (Mexico and Israel), and is actively working multiple foreign company recruitment leads that were generated as a result of the Alliance’s initiatives.
"We are excited about this award because the Trade Alliance is a true partnership," added City Economic Development Director, John Garcia. “Not just between the City and County, but with the New Mexico Office of International Trade, the International Trade Administration, S.B.A., University of New Mexico, Sister Cities Foundation, Council for International Visitors, and the list goes on and on."
Recent trade numbers released by the U.S. Department of Commerce International Trade Administration (ITA) placed Albuquerque 25th among of 370 U.S. Metropolitan Statistical Areas (MSAs) growing from $1 billion in exports in 2011 to about $1.8 billion in 2012, an 88.1 percent increase. Albuquerque was the fastest growing exporting MSA (of MSA’s exporting more than $1 billion) from 2009-2012 and the second fastest growing of all U.S. metro areas over the same period.
"The Trade Alliance has made great momentum in its first year," noted County Economic Development Director, Mayling Armijo. "We are looking forward to seeing this continue as the Alliance kicks off its second year with the 2013 Trade Mission to Taiwan in September."
"We’ve got big things planned for the future," said Randy Trask, Trade Alliance Manager. "We are developing some great opportunities for New Mexico companies, including some great International Business Seminars and a 2014 Aviation and Infrastructure Development trade mission to Brazil next spring."
The Albuquerque-Bernalillo County Trade Alliance is a public/private partnership created to expand the region’s international trade promotion efforts. The Trade Alliance offers international business assistance to local companies and actively promotes the City/County as a strategic location for foreign industry to set up operations.