Engages in Outreach and Education Initiatives, Reaffirms EXIM Commitment to Empowerment of U.S. Businesses and Workers
FOR IMMEDIATE RELEASE July 29, 2020
Office of Communications (202) 565-3207
WASHINGTON – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today highlighted the agency’s recent efforts in conjunction with President Trump and the entire Administration in recognizing Pledge to America’s Workers Month, celebrating the extraordinary contribution America’s workforce has made to our country, and also committed to empower U.S. businesses and workers as they export “Made in the U.S.A.” goods and services around the world.
“As we recognize the resilience and dedication of the American workforce during Pledge to America’s Workers Month, EXIM reaffirms our commitment to work with our interagency partners and the private sector to support U.S. businesses and the workers they employ,” said Chairman Kimberly A. Reed. “I commend President Trump, Ivanka Trump, Commerce Secretary Wilbur Ross, Labor Secretary Eugene Scalia, and the entire Trump Administration for their dedication to supporting the American workforce as we safely reopen and grow the United States economy.”
Throughout July, EXIM has responded to President Trump’s call-to-action to create new education and training opportunities to better serve the American worker. EXIM’s Office of Small Business has hosted 17 educational teleconferences and Chairman Reed signed a Memorandum of Understanding with the National Association of Federally-Insured Credit Unions, advancing EXIM’s targeted outreach to credit unions through educational initiatives to support American businesses and workers, that was announced earlier in a joint partnership with the National Credit Union Administration. This month, EXIM’s Board of Directors also approved two transactions, supporting an estimated 13,450 jobs across the United States.
Additionally, in recent months, EXIM has hosted a series of calls as part of its Strengthening American Competitiveness initiative, which provides valuable stakeholder input to EXIM’s new Program on China and Transformational Exports. The program, established as part of EXIM’s historic seven-year reauthorization, directs EXIM to provide financial products to directly neutralize export subsidies offered by the People’s Republic of China, helping to ensure a level playing field for U.S. businesses and workers as they compete globally. The program has the aim of advancing the comparative leadership of the United States and supporting U.S. innovation, employment, and technological standards globally in ten transformational export industries.
Further information on each of the calls as part of the Strengthening American Competitiveness Initiative can be found below:
- May 7, 2020 – Renewable energy;
- May 14, 2020 – Wireless communication;
- June 11, 2020 – Artificial intelligence, high-performance computing, and quantum computing;
- June 18, 2020 – Water treatment and sanitation;
- July 9, 2020 – Space technology;
- July 16, 2020 – Biotechnology and Biomedical Sciences;
- July 23, 2020 – Semiconductors; and
- July 30, 2020 – Emerging financial technologies (register here).
In Fiscal Year 2019, EXIM supported an estimated 34,000 U.S. jobs, and thus far in Fiscal Year 2020, EXIM has supported approximately 12,000 U.S. jobs. Since May 2019, EXIM has also held export finance trainings and webinars in nearly all 50 states.
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.