SEMA eNews Vol. 17, No. 43, October 23, 2014

SEMA Members Report $52.68 Million in Export Sales

By Linda Spencer

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The $500,000 MDCP grant to SEMA is passed along to members to defray the cost of participating in SEMA Middle East, China and/or Russia Business Development Programs.

SEMA members taking advantage of a 2011 Market Development Cooperator Program (MDCP) grant of $500,000 awarded to SEMA have reported $52.68 million in export sales. Funds provided by the U.S. Department of Commerce through this program support projects aimed at increasing U.S. exports to key overseas markets.

The SEMA grant is passed along to members to defray the cost of participating in SEMA Middle East, China and/or Russia Business Development Programs and to bring vehicles popularly accessorized globally but not sold in the United States. SEMA was recently awarded another MDCP grant for $300,000, which SEMA will use to initiate international vehicle measuring sessions abroad and further assist members in selling to the Middle East, China and Russia.

For more information contact Linda Spencer at lindas@sema.org.

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