FOR IMMEDIATE RELEASE August 15, 2019
Kristin Rudman (202) 565-3201
Washington, D.C. – Kimberly A. Reed, president and chairman of the Export-Import Bank of the United States (EXIM), met with representatives from businesses today in Phoenix, Arizona, to discuss their exporting challenges and offer solutions to help them compete in the global economy.
Chairman Reed led the small business roundtable at the Arizona Chamber of Commerce and Industry. Reed, who was introduced by Glenn Hamer, the Chamber’s president and CEO, explained how EXIM’s financing options can help Arizona’s companies, both large and small, grow through the export of “Made in the USA” goods and services.
Participating in the event were more than 40 representatives of Arizona-based small businesses, banks, and a variety of industries and associations. Officials from the offices of Senator Kyrsten Sinema (D-AZ), Senator Martha McSally (R-AZ), and Representative Debbie Lesko (R-AZ 8th District) also attended.
EXIM President and Chairman Kimberly A. Reed meets with Glenn Hamer, president and CEO of the Arizona Chamber of Commerce and members
Chairman Reed kicked off her two-day outreach tour in Phoenix yesterday with a roundtable discussion at Arizona State University’s SkySong Innovations. The dialogue focused on expanding new frontiers and bringing together academia, technology, innovation, entrepreneurship, and exports.
Chairman Reed, with Senator Sinema, then visited the Copper State Bolt & Nut Company in Phoenix, a family- and women-owned business, which manufactures and distributes fasteners to customers in mining, construction, steel fabrication, energy production, transportation, heavy equipment, and wholesale/retail industry sectors, among others. Copper State Bolt & Nut Company utilizes EXIM’s export credit insurance to help support more than $1 million in exports.
“I had a very productive time in Phoenix hearing from EXIM stakeholders, including small businesses, about the importance of supporting our U.S. companies and workers as they compete for business around the world,” said EXIM President and Chairman Kimberly A. Reed. “My time at SkySong Innovations shows what is possible when we pave a path from the incubation of an idea to business success.”
Reed added, “I also was privileged to join Senator Sinema with workers at Copper State Bolt & Nut Company and to meet with local businesses at the Arizona Chamber of Commerce, along with representatives from the offices of Senator Sinema, Senator McSally, and Representative Lesko to discuss how the Export-Import Bank of the United States can help support small businesses thrive in the global marketplace. President Trump is committed to helping America’s small businesses thrive. The Export-Import Bank of the United States is an important tool for companies, particularly small businesses, in exporting their U.S.-made products overseas so that they grow Arizona’s economy and create American jobs.”
Reed continued, “In the past five years, EXIM has supported more than $2 billion in exports from 63 companies across Arizona. I am fully committed to meeting EXIM’s congressional mandate in assisting small businesses across the country grow and create jobs. We want America’s small businesses to know we can assist them as they compete for and win deals around the world.”
EXIM provides a portfolio of solutions for U.S. businesses, including export credit insurance to minimize financial risk and improve cash flow, working capital guarantees to provide credit lines for producing goods and services, and term financing to support sales of American capital goods and services.
ABOUT EXIM BANK:
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, 90 percent of the total number of the agency’s authorizations has directly supported small businesses.
For more information about EXIM, please visit www.exim.gov.