Economy Update – October 2016
Aviation took the first place prize of $20,000 in the inaugural Metro Export Challenge, which will go towards expanding their brand into new markets such as China and Ireland.
The 2016 Atlanta Metro Export Challenge is a JPMorgan Chase-powered grant program created to help businesses begin or expand their exporting programs. The grants were awarded through a process that included a “Shark Tank”-style pitch competition and public online voting.
“Ninety-five percent of the world’s consumers live outside of the United States, so we must encourage local businesses to sell internationally” said Hala Moddelmog, president and CEO of the Metro Atlanta Chamber. “We’re excited to watch these winners utilize their grant funds to make more meaningful worldwide connections. Their success in the international marketplace will ultimately enhance our city’s economy and global presence.”
Over the past decade, Atlanta has climbed to 64th from 71st among the Top 100 U.S. metros for exports. In fact, export businesses can now be found in every single metro Atlanta county and in more than 80 percent of Georgia’s 159 counties,” said Dwayne C. Meeks, UPS South Atlantic district president and Atlanta Metro Export Plan (MEP) chairman.
“We are delighted that the MEP has recognized the potential export growth in our region, and we look forward to the continued support and guidance as we pursue our goals.” said Talha Faruqi, Vice President Operations of Aventure Aviation. For more information about the Atlanta MEP and the region’s export initiatives, visit www.atlantaexportportal.com.
Aventure Aviation is a leading ASA-100 accredited aviation parts and services company headquartered in Peachtree City. With offices in Toronto, Dubai, Riga and Istanbul as well as representatives in strategic locations worldwide. Since 2001, Aventure has earned numerous industry recognitions, including Aircraft Technology Engineering & Maintenance’s (ATE&M) “Best Spare Parts Provider 2011” award. Aventure also has been ranked among America’s fastest growing private companies for 2011, 2012, 2013, and 2014 by Inc. Magazine.