Building on Presidential Proclamation, Agency Will Feature U.S. Exporter Success Stories During Week-Long Recognition
FOR IMMEDIATE RELEASE October 5, 2020
Office of Communications (202) 565-3207
WASHINGTON —Building on President Trump’s proclamation designating today, October 5, 2020, as Made in America Day and October 4 through October 10, 2020, as Made in America Week, Export-Import Bank of the United States (EXIM) President and Chairman Kimberly Reed issued the following statement.
“Our nation’s workers—including our nation’s builders, ranchers, crafters, entrepreneurs, and all those who work with their hands every day to make America great—are at the heart of what we do every day at EXIM. As we recognize Made in America Day and Made in America Week, our agency stands ready to help America’s businesses of all sizes succeed in the global marketplace, and will highlight exporter success stories to raise awareness of the unique tools EXIM can provide,” said Chairman Reed. “As President Trump underscored in his proclamation, we ‘will continue to fight for American workers, American jobs, and American businesses to ensure prosperity today and for America’s future generations.’ Day in and day out, all of us at EXIM are committed to supporting America’s small businesses and manufacturers and ensuring products stamped with the words ‘Made in the USA’ are available to customers around the world. In recent years, 90 percent of EXIM’s authorizations have directly supported small businesses and we look forward to continuing to support these businesses now and in the future,” Chairman Reed added.
In September, EXIM held its virtual 2020 Annual Conference, titled “Keeping America Strong: Empowering U.S. Businesses and Workers,” the largest conference in EXIM’s history with over 1,700 registrants from across the United States. During the conference, EXIM honored 13 small businesses representing a cross-section of American innovation and industry sectors as ‘Exporters of the Year,’ for their work utilizing EXIM’s financing tools and resources to increase international sales, showcase ‘Made in the USA’ products, and sustain American jobs.
On October 2, 2020, Chairman Reed personally presented Wilmington Paper Corporation, a small business in Pine Brook, New Jersey, that exports scrap paper for recycling, with their Exporter of the Year award. The company has used EXIM’s export credit insurance to support its international sales since 2009.
Since May 2019, when a Board quorum was restored, EXIM has approved over 2,000 small business authorizations in support of American exporters. In that time, EXIM has authorized over $8.8 billion in financing to support tens of thousands of U.S. jobs across the United States.
EXIM exporter success stories will be featured EXIM’s Twitter handle @EximBankUS.
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to support sales of U.S. goods and services to international buyers. 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, approximately 90 percent of the total number of the agency’s authorizations has directly supported small businesses. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt.
For more information about EXIM, please visit www.exim.gov.