Q&A: Gary Locke on Boosting Small Biz Exports
President Obama wants to double American exports by 2015—and is targeting small businesses to help drive that growth. Small companies make up half of private nonfarm GDP but only 30% of exports. The Administration wants to use federal resources, such as trade missions abroad and financing from the Export-Import Bank, to spur more companies to export and help those that already do reach new markets. On Apr. 15, Bloomberg Businessweek's John Tozzi spoke with Commerce Secretary Gary Locke about turning the ambitious goal into reality. Edited excerpts of their conversation follow.
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