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EXIM Chairman Kimberly Reed and U.S. Labor Secretary Alexander Acosta Discuss Impact of Exports on U.S. Workforce

FOR IMMEDIATE RELEASE May 31, 2019

Media Contact Name/Phone: 

Media Contact: Linda Formella (202-565-3204)

Chairman Reed and Secretary AcostaWashington, D.C. – Kimberly A. Reed, president and chairman of the Export-Import Bank of the United States (EXIM), met with U.S. Secretary of Labor Alexander Acosta to discuss the importance of supporting U.S. exports in sustaining and growing the jobs of America’s workers. Chairman Reed and Secretary Acosta also talked about the competitive global marketplace and how the two federal agencies can best work together to position U.S. businesses to compete for and win export sales around the world.

 “Secretary Acosta and I agree that a strong, skilled workforce is critically important in supporting the export of ‘Made in the USA’ products in markets around the globe. America’s workers are the finest in the world, and I am committed to empowering EXIM in fulfilling its mission to help our great U.S. businesses and their workers showcase their ingenuity and craftsmanship,” said EXIM President and Chairman Kimberly Reed. “International business competition has never been fiercer, and EXIM is a powerful tool in the economic and strategic toolbox in growing the U.S. economy, supporting the creation of jobs, and assisting America’s private sector to fight and win opportunities in foreign markets.” 

“Because I have known Chair Reed for so many years, I was not surprised to hear such a bold vision for EXIM under her leadership,” Secretary Acosta stated. “The investment in workforce education is a competitive advantage for our nation in the global marketplace. Our economy is strong and we will work to ensure a level playing field to offer the most opportunities to the greatest workforce in the world, the American workforce.”

Chairman Reed’s biography can be accessed on EXIM’s website, www.exim.gov.

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 bank’s authorizations has directly supported small businesses. Since 2000, EXIM has sent $14.8 billion to the U.S. Treasury after paying for all of its administrative and program expenses.