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EX-IM BANK DIRECTOR DAN RENBERG TO MEET WITH MINNESOTA TRADE, CHAMBER OF COMMERCE OFFICIALS TO DISCUSS EXPORT FINANCING OPPORTUNITIES FOR LOCAL BUSINESSES

FOR IMMEDIATE RELEASE August 12, 2001

Media Contact Name/Phone: 

Marianna Ohe or Niki Shepperd 202-565-3200

Export-Import Bank of the United States (Ex-Im Bank) Director Dan Renberg will meet with exporters, local banks, state trade officials and Chamber of Commerce representatives in Minneapolis, MN, Tuesday, August 14, 2001, to discuss how Ex-Im Bank's financing programs can help Minnesota businesses large and small compete in emerging foreign markets.

Renberg will visit the headquarters of Bell Boy Corp., a wholesaler of food products and hotel and restaurant supplies located in St. Louis Park, MN, that has used Ex-Im Bank financing to sell to Saudi Arabia, Kuwait and Egypt.

Tuesday, August 14, 2001
1:30 p.m.,
Visit to Bell Boy
2220 Florida Avenue South
St. Louis Park, MN
(Event is open to press)

Ex-Im Bank wants to do more to help Minnesota companies export, said Renberg. Minnesota already is a strong exporter of agricultural products and equipment, software and related services, machinery, and environmental consulting services. But there is even greater potential for these and other industries to export to many emerging markets around the world. Ex-Im Bank can provide the financing products to make this happen.

In Minnesota, Ex-Im Bank supported 30 communities, 83 companies and financed a total of $371.3 million in exports during the last five years.

Ex-Im Bank is an independent U.S. government agency that assists in financing the export of U.S. goods and services to markets around the world, through export credit insurance, loan guarantees, and direct loans. In fiscal year 2000, Ex-Im Bank helped to finance nearly $15.5 billion of U.S. exports worldwide.