FOR IMMEDIATE RELEASE September 19, 2017
Linda Formella (202-565-3204)
Washington, D.C. – The World Trade Center (WTC) Delaware, based in Wilmington, has joined the Regional Export Promotion Program (REPP) of the Export-Import Bank of the United States (EXIM). REPP engages state and local organizations to provide information and guidance about the use of EXIM’s programs and products especially tailored for small businesses.
“EXIM is pleased to welcome the World Trade Center Delaware as a member of REPP to provide Delaware businesses with the tools and resources to empower them to increase exports and create the high-quality jobs that those exports support,” said EXIM Acting Chairman and President Charles J. Hall. “The Export-Import Bank serves the people of the United States by helping American businesses grow through selling their products to other countries. We are proud of our role as a mechanism for job creation and economic prosperity.”
“The WTC Delaware is the state’s liaison for a number of U.S. government agencies and international organizations, including the Department of Commerce and the U.S. Trade and Development Agency. This new partnership with EXIM will greatly expand the portfolio of services that we can offer to Delaware companies,” said the WTC Delaware Executive Director Carla Sydney Stone.
The WTC Delaware is a not-for-profit organization that helps Delaware businesses to engage in international trade. It provides services that enable them to reach their international business goals and identifies market opportunities from many sectors, including government, private industry, nongovernmental organizations and multilateral aid funders. As a member of the World Trade Centers Association, the WTC Delaware provides access to resources supported by over 320 WTCA member centers in more than 90 countries.
EXIM’s REPP brings state, county, and local non-profit economic development entities together with EXIM Bank in a partnership designed to expand export opportunities for U.S. exporters. To learn more about the REPP, please see the REPP section on EXIM’s website.
ABOUT EXIM BANK:
EXIM Bank is an independent federal agency that helps create, support, and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S. goods and services abroad. Almost 90 percent of the bank’s transactions directly serve American small businesses.
In fiscal year 2016 (October 1, 2015, through September 30, 2016), EXIM approved $5 billion in total authorizations to support an estimated $8 billion of U.S. export sales. Since FY 2009, EXIM has supported more than 1.4 million American jobs in communities across the country and sent $3.8 billion in revenue to the U.S. Treasury for deficit reduction.
For more information about EXIM, please visit www.exim.gov.