Addresses Montana Manufacturing Extension Center, Montana World Trade Center, and U.S. Commercial Service Montana
FOR IMMEDIATE RELEASE September 16, 2020
Office of Communications (202-565-3203)
WASHINGTON — Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed yesterday delivered prerecorded remarks to nearly 50 registrants of a webinar hosted in partnership with the Montana Manufacturing Extension Center, Montana World Trade Center, and the U.S. Commercial Service Montana.
During the virtual event, Chairman Reed underscored how Montana businesses, particularly small businesses, can utilize EXIM’s financing tools and resources to expand their international sales, showcase their “Made in the USA” products, and sustain American jobs.
“We at EXIM want Montana companies of all sizes to attain their full potential and reach new levels of success through exporting. As the economy recovers and reopens after COVID-19, EXIM can help American companies achieve their greatest successes in the months and years ahead,” said Chairman Reed. “The Big Sky State is a great place to grow a business thanks to the ingenuity and dedication of Montana’s entrepreneurs, businesses, and workers.”
Others participating in the event were:
- Angelyn DeYoung, International Trade Manager, Montana Department of Commerce
- Jenni West, Associate Director, Montana Manufacturing Extension Center
- Brigitta Miranda-Freer, Executive Director, Montana World Trade Center
- Carey Hester, Director, U.S. Commercial Service-Montana
- James (Jim) Newton, Export Finance Manager, U.S. Small Business Administration
- Maureen Whelan, Business Development Specialist (Channel Marketing), EXIM Outreach and Education
- Sandra Donzella, Western Regional and Deputy Managing Director, EXIM
“SBA’s Office of International Trade (OIT) appreciates this opportunity to work with EXIM Bank to enhance the international competitiveness of Montana’s small business exporters,” said Jim Newton, Export Finance Manager, U.S. Small Business Administration.
The speakers outlined opportunities to support small businesses with EXIM’s export financing that can enable them to increase current sales or expand into new markets. By partnering with EXIM, exporters can mitigate the risk of nonpayment on international sales and offer credit terms to foreign buyers, and access working capital loan guarantees. They also underscored EXIM’s COVID-19 (coronavirus) relief measures for U.S. exporters and financial institutions to enhance the agency’s existing programs.
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.