GREAT WINE, Inc, located in Bellevue, WA, has been chosen to be one of the 102 winners of the 2018 American Small Business Championship, by SCORE, the nation’s largest network of volunteer, expert business mentors. Founded in 2015 by Danni Lin, a former Data Scientist at Microsoft, GREAT WINE, Inc. promotes the idea that wines could cater to individual taste profiles with the help of technology. The company collaborates with Tim Hanni, MW, the first American to earn the prestigious title, Master of Wine. GREAT WINE’s wine collection PERCIPIO is also the first in the world produced based on the concept of “vinotype.” Founded in both the US and China, Great Wine is recognized for its success in accessing the global wine market.
According to the Washington Wine Commission’s most recent study on the economic and fiscal impact of Washington state wine, reported out-of-state sales in 2013 totaled at least $659.9 million, including $24.9 million in foreign exports. The global appetite for Washington state wine is growing with the UK, Japan and Canada as the state’s top target markets in addition to China, Northern Europe and South Korea. The commission anticipates an average growth rate of 10%+ annually across all target markets for Washington state wines.
Washington State Small Business Profile
According to the U.S. Small Business Administration (SBS), small businesses in Washington state employed 1.3 million people, or 51.4 percent of the private workforce, in 2014, the most recent year the data is available.
- In 2014, small businesses created 42,672 net jobs.
- 12,656 companies exported goods from Washington state, from those, 11,352, or 89.7% were small businesses.
- Small businesses contributed 20.3% of Washington state’s $84.1 billion in total known exports.
Greater Seattle is a convenient location for exporting to all corners of the globe. According to the U.S. Census Bureau, Washington state’s top international trade partners are China, Canada, Japan, the United Arab Emirates, and South Korea as of 2017. Top exports include aerospace and agricultural products.