(ROCKVILLE, M.D.) – Goldfarb & Associates, Inc. was honored today with an Export Achievement Award by the U.S. Department of Commerce’s Deputy Assistant Secretary for U.S. Operations, Ana Guevara. Congressman Jamie Raskin (MD-08) joined the ceremony for Goldfarb & Associates, a client of the U.S. Commercial Service.
The U.S. Commercial Service Export Achievement Award program was created in 2001 to recognize small and medium-sized enterprises that have successfully entered the international marketplace for the first time or that have successfully entered a new market.
“We’re proud that federal assistance helped enable Goldfarb to expand their customer base, garnering the firm more than 100 international customers and totaling over $2.8 million in repeat business,” said Deputy Assistant Secretary Guevara. “Our Commercial Service offices around the country assist U.S. businesses in assessing their export potential and provide solutions that make their goals of operating internationally a reality.”
The Rockville-based distributor has been in business twenty-two years. The company exports injection pumps, fuel injectors, and turbochargers to over 60 countries. In the six years that Goldfarb & Associates has been working with U.S. Commercial Service, international trade specialists have delivered on business opportunities in twelve countries including Chile, Guatemala, Honduras, Mexico, Nicaragua, Panama, Peru, Thailand, the Netherlands, Turkey, UAE, and Vietnam.
“With the help of the U.S. Commercial Service’s Gold Key program and SBA’s State Trade Expansion Program, Goldfarb & Associates has steadily grown its global sales year after year through international trade shows, site visits abroad, and the international optimization of its website,” said Operations Manager Scott Goldfarb. “We are currently expanding from an 11,000 square foot warehouse to a new 26,000 square foot facility, with plans to continue increasing our global footprint through these proven strategies.”
“The company’s exports have driven the firm’s facility expansion and created jobs here in Rockville,” said Congressman Raskin. “Given the complexities of modern trade, we need to do everything we can to help U.S. businesses increase global sales and create new jobs through exporting. I am proud to present the Export Achievement Award to our district’s own Goldfarb & Associates today.”
In 2018, exporters like Goldfarb & Associates supported over 45,000 jobs in Maryland and contributed to the state’s $12.1 billion in goods exports.