Tag Archives: Market Development Cooperator Program

Syracuse company to boost digital exports

CenterState Corporation for Economic Opportunity, a nonprofit that promotes economic development in the Syracuse area will receive a $225,000 federal grant, which is expected to generate an estimated $29 million in exports during the next three years for the digital device industry.

CenterState will provide $475,000 in matching funds for the grant through the International Trade Administration’s Market Development Cooperator Program for exports to Asia.

The Brookings Institution estimates that for every $1 billion in increased export sales, more than 5000 jobs are created and workers earn 1 percent to 2 percent higher wages. Doubling exports in the Syracuse metro area from $3.3 billion to $6.6 billion offers the potential to create 18,000 new jobs, according to CenterState.