Long Tradition Of Strong Swedish Ties
Sweden was the first country to enter a trade agreement with the U.S. (read more on Currents) and has a long and strong tradition of cultural, economic and knowledge exchange. For various reasons the U.S. has always been an attractive place for Swedes to build their business, and to live. Today over 5 million people of Swedish descent live in the United States and the Swedish community is very influencial. Swedes have a great reputation as being honest and professional in business situations and will be warmly greeted in the U.S. Low barriers to trade between Sweden and the U.S. make it attractive for entrepreneurs to export and establish in the U.S.
A Major Global Economy
A hub of innovation and economic progress, the United States of America has the world’s largest national economy and export market, representing significant potential for foreign businesses. In fact, about one-third of the economy is dependent on foreign trade.
Entrepreneurial and Market-Oriented Economy
The U.S. is home to a thriving business and entrepreneurial culture, comprised of some of the world’s most successful corporations (the U.S. companies that make up the Fortune 500 alone would be equivalent to the world’s 2nd largest and 4th-fastest growing economy) as well as over 100,000 small and medium enterprises with which to do business. Within this strongly market-oriented economy, businesses generally face lower regulatory barriers than in other developed economies.
The U.S. population is well-educated and has a high income per capita. Home to many of the world’s top universities, the U.S. is a center for high-tech business and is a technological leader in a variety of industries; regions such as Silicon Valley provide hubs for new and expanding businesses in leading sectors. Each year there are numerous graduates in the field of commerce, adding skilled individuals to the growing numbers of businesses across the country. This equal-opportunity nation allows for a wide business and clientele base. There is a high rate of entrepreneurship and over half of the American workforce is employed in small and medium enterprises. The U.S. strives to provide diversity in the workplace, and many of these businesses are owned by women and minorities. America’s large and diverse population provides both a capable workforce and a major business market.
With recent legislation pushing the U.S. towards “going green,” American businesses and governments are making significant investments in biotechnological and renewable resources. The American communication system is also a vital and ever-expanding field across the country.
50 Markets in One Country
With over 300 million people in an area over twice the size of the European Union, the United States remain the world´s biggest consumer market. This also makes the population is less dense and less centralized than in most of Europe. When entering the U.S. you will get access to a variety of regional markets. The federal nature of the U.S. government allows each of the 50 states the ability to form many of their own laws and regulations. Thus, for the purpose of doing business in the U.S., it is often beneficial to think in terms of state and regional markets. SACC has 18 regional chambers across the United States to focus on these different areas of business.