The Provident Bank Partners with the Massachusetts Export Center to Encourage Overseas Trade Opportunities
Partners for Trade 2017 will help promote international trade through educational seminars and a regional collaborative of trade agencies and private industries
May 18, 2017 – The Provident Bank announces a new partnership with the Massachusetts Export Center, part of the Massachusetts Small Business Development Center Network. The Provident will help underwrite programs and assist with the development of initiatives designed to promote international trade as part of the Export Center’s 2017 Partners for Trade seminar series.
Partners for Trade is the official export training initiative of the Commonwealth. The initiative is a regional collaborative between the Export Center, economic development organizations, and the private sector working together to plan and present frequent seminars, webinars and conferences on international trade. The First Webinar “Trump on Trade,” as part of this series took place on Friday, April 28th, and covered the first 100 days of the Trump Administration and then looked beyond to what companies can expect. The session included legal experts and industry practitioners, who provided practical guidance on preparing global business examining certain indicators, such as key trade appointments, budget appropriations, development of the trade policy agenda and executive orders helping to better understand the outlook for international trade in the coming years. To learn more about the educational series please visit: http://www.mass.gov/export/events.htm.
“We are excited to be able to offer many training programs to help educate companies on international trade,” stated Paula Murphy, Director of the Massachusetts Export Center. “Export development is critical to our regional economy. Being able to offer these programs, with the support of The Provident Bank, enables local companies to take advantage of global trade opportunities as well as the resources that can help.”
“The Provident Bank has been instrumental in helping many of our clients finance complex transactions overseas,” stated Dave Mansfield, The Provident’s CEO. “We work globally to help our clients expand their business opportunities. We are the only locally chartered bank to be a delegated lender with the Export Import Bank and have our own SWIFT Code for transactions across the border. 90% of the world’s consumers are outside the United States, so it makes sense to work with the Massachusetts Export Center to help find new expansion opportunities for the companies in our region to explore.”
Since its inception, the Partners for Trade program has enabled thousands of Massachusetts companies to learn what they need to know to succeed in global markets. Partners for Trade programs offer Massachusetts companies an overview of essential issues such as international business development, legal and regulatory issues, export logistics, international distribution and many other elements crucial to a successful exporter's international business strategy. The Export Center has adapted the Partners for Trade program to keep pace with the increased demand Massachusetts companies have about exporting. In addition to basic exporting programs, the Export Center has also designed an advanced program to provide an in-depth look at critical and current issues as well as regulatory changes. On average, over 1,000 companies participate in the Partners for Trade program each year.
About The Provident
The Provident is an innovative, commercial bank that finds solutions for our business and private clients. We are committed to strengthening the economic development of the regions we serve, by working closely with businesses and delivering superior products and high-touch services to meet their banking needs. The Provident has offices in Massachusetts and New Hampshire. All deposits are insured in full through a combination of insurance provided by the Federal Deposit Insurance Corporation (FDIC) and the Depositors Insurance Fund (DIF).
About the Massachusetts Export Center
The mission of the Massachusetts Export Center is to help companies throughout the Commonwealth achieve success in global markets, thereby contributing to economic growth in the state. Our goal is to meet the complex needs of exporters by developing and providing targeted, high-impact services delivered through a statewide network of international trade professionals.