WASHINGTON, Feb. 5, 2015 /PRNewswire-USNewswire/ -- The Export-Import Bank of the U.S. (Ex-Im Bank) recently marked the fourth anniversary of its Global Access Forum for Small Business, which debuted in Portsmouth, New Hampshire back on January 31, 2011.
The Global Access Forums are town-hall discussions – often co-hosted by members of Congress, the Department of Commerce, the Small Business Administration, the Chamber of Commerce, and local officials – that provide small companies with the insights and expertise needed to access foreign markets.
"From Portsmouth to Los Angeles, from Fargo to Houston, we have traveled the nation to educate small businesses on how Ex-Im Bank can equip them to sell their products abroad and support jobs at home," said Ex-Im Bank Chairman and President Fred P. Hochberg. "It should be no surprise, then, that small business transactions accounted for 90 percent of Ex-Im Bank's total authorizations in FY 2014."
Ex-Im has hosted more than 75 Forums in communities across the nation, educating thousands of small business owners about the benefits of exporting. Ex-Im has also completed more than 12,000 financing authorizations for U.S. small businesses over that time, supporting nearly $50 billion worth of exports and well over one hundred thousand American small business jobs.
For a complete list of previous Forum locations throughout the U.S. and additional information, please visit http://www.exim.gov/smallbusiness/global-access-for-small-business.cfm.
And to see an OpEd that Chairman Hochberg co-authored with Senator Jeanne Shaheen to celebrate the first Global Access Forum, visit http://thehill.com/opinion/op-ed/231527-expanding-global-access-for-small-biz
ABOUT EX-IM BANK:
Ex-Im Bank is an independent federal agency that supports and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S. goods and services abroad. Ninety percent of its transactions directly serve American small businesses.
In fiscal year 2014, Ex-Im Bank approved $20.5 billion in total authorizations. These authorizations supported an estimated $27.5 billion in U.S. export sales, as well as approximately 164,000 American jobs in communities across the country.
SOURCE Export-Import Bank of the United States