The Nance College of Business today was awarded the Presidential "E" Award for Exports by U.S. Department of Commerce Secretary Gary Locke at the Department's headquarters in Washington, D.C. The "E" Awards are the highest recognition any U.S. organization may receive for making a significant contribution to the expansion of U.S. exports.
"Our Nance College of Business and its Global Business Center fundamentally elevate Northeast Ohio global success through unparalleled service to the export community. We are honored to accept the Presidential "E" Award for Export Service and to join a select group of organizations that are responsible for moving the President's National Export Initiative forward," said Robert Scherer, Dean of the Nance College of Business. "Since 2007, the Global Business Center has served over 2,000 participants in its programs to support business practitioners as they overcome key exporting challenges."
The Nance College of Business and its Global Business Center, both integral parts of the global emphasis at Cleveland State University, deliver export service through international business-focused academic programs, applied research, extensive collaboration with valued private and public partners such as the U.S. Commercial Service, and superior training programs like GlobalTarget - an innovative year-long mentorship program.
"Exports are a key driver of America's economic recovery," said Secretary of Commerce Gary Locke. "President Obama's National Export Initiative (NEI), which aims to double U.S. exports by 2015 in support of several million American jobs, is a robust, forward-looking trade agenda with an emphasis on domestic job growth. The Nance College of Business is being honored today for making significant contributions toward fulfilling that agenda."
"I congratulate you on your significant export achievement. It is organizations like yours that will help us meet or exceed the President's NEI goals. Your institution provides an example we hope more American companies will follow," Locke added.
The Nance College of Business values its relationship with the Cleveland U.S. Export Assistance Center (USEAC,) and businesses, students, and faculty benefit from this highly effective collaboration. Cleveland USEAC is a key partner on the GlobalTarget program, and Nance and Cleveland USEAC consistently partner on events for the global business practitioner. This partnership results in high-quality programming and assistance to Northeast Ohio companies seeking to export and allows for programming that is both responsive and forward thinking to meet the business challenges of today and tomorrow.
U.S. companies are nominated for the "E" Awards through the U.S. Commercial Service office network in 108 U.S. cities and more than 75 countries that helps U.S. companies export. Criteria for the award are based on four years of successive export growth, usually accompanied by a rising percentage of export sales within total sales. An applicant's demonstration of an innovative international marketing plan that led to the increase in exports is a significant factor in making the award.
All nominations are reviewed by the "E" Award Committee, which is chaired by the Department of Commerce, and includes representatives from ExIm Bank, and the Departments of Labor, State, and Transportation.
President John F. Kennedy revived the World War II "E" symbol of excellence to honor and provide recognition to America's exporters. Thus, the "E" Award Program was established by Executive Order 10978 on December 5, 1961.
A total of 27 U.S. companies were presented with the "E" Award at the May 16, 2011 World Trade Week ceremonies in Washington D.C.
Founded in 1964, Cleveland State University is a public research institution that provides a dynamic setting for engaged learning. With an enrollment of more than 17,000 students, seven colleges and approximately 200 academic programs, CSU was again chosen in 2011 as one of America's Best Colleges by U.S. News & World Report.
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