Small businesses in Tennessee and South Carolina, Texas lender, Louisiana broker, and California trade agency to be recognized at 2018 Annual Conference
FOR IMMEDIATE RELEASE April, 12, 2018
Linda Formella (202-565-3204); Chad Crowley (202-565-3216)
Washington, D.C. – In recognition of their outstanding contributions to supporting U.S. jobs through exports, the Export-Import Bank of the United States (EXIM) today announced the winners of its small business awards for exporter, new exporter, lender, broker, and member of EXIM's Regional Export Promotion Program (REPP). The awards will be presented at EXIM's 2018 Annual Conference, which is being held at the Omni Shoreham Hotel in Washington, D.C., on April 19-20.
The winners of this year's small business awards are:
Exporter of the Year: Classic American Hardwoods (Memphis, Tennessee) used EXIM's export credit insurance to rebuild its export portfolio, rehire 60 employees, and continue to add jobs.
New Exporter of the Year: Veteran-owned Tactical Medical Solutions (Anderson, South Carolina) uses EXIM's export credit insurance to export critically needed medical equipment and supplies to save lives.
Broker of the Year: Longstanding insurance broker J. Maxime Roy, Inc. (Lafayette, Louisiana) specializes in selling EXIM's export credit insurance and increased EXIM authorizations in 2017.
Lender of the Year: Experienced trade finance bank, Comerica (Dallas, Texas), is a leading provider of EXIM-guaranteed working capital loans in support of America's small business exporters.
REPP of the Year: The California Centers for International Trade Development (CITD) is an EXIM REPP member and a strong supporter that helps California small business owners learn about and access EXIM products to realize export opportunities in global markets.
"Small businesses are the 'backbone' of our nation's economy, and increasing their exports is critical to U.S. economic growth and expanding employment. We are pleased to recognize these outstanding customers and trade professionals who are succeeding in the global marketplace and committed to our mission of supporting American jobs through exports," said EXIM's Executive Vice President and Chief Operating Officer Jeffrey Goettman, who is serving as EXIM's acting head of agency.
In the five states where these award-winning companies are headquartered, EXIM supported approximately 420 exporters in 2017, more than 330 of which were small businesses, including 125 women-owned and minority-owned firms. EXIM authorizations to these states last year topped $600 million, which supported more than $2 billion of exports.
Over the past five years, EXIM support nearly 2,000 exporters in these five states, which includes almost 1,200 small businesses. EXIM authorizations over this period exceeded $14.5 billion, which supported almost $35 billion in exports from these states.
ABOUT EXIM BANK:
EXIM Bank is an independent and self-sustaining federal agency that provides competitive and necessary export credit to overseas purchasers of U.S. exports to promote and support American jobs. A robust and fully functioning EXIM Bank can assist the United States in leveling the global playing field for U.S. exporters when they compete against foreign companies that receive the support of their national export-credit agencies. EXIM also contributes to U.S. economic growth and the support of more than a million jobs through the support of thousands of small and medium-sized enterprises (SMEs) around the country. Since 2000, EXIM Bank has provided $14.6 billion to the U.S. Treasury after paying for all of its administrative and program expenses.