EXIM Bank joins forces with local communities to boost exports

The REPP already boasts 38 members across 26 states and two US territories.

The Dollar Business Bureau

Export-Import Bank of the US (EXIM) on Monday announced the launch of its Regional Export Promotion Program (REPP), a joint effort between EXIM and regional organisations with a view to stimulating US export sales abroad and bolstering job growth at home.

The program, which already boasts 38 members across 26 states and two US territories, is welcoming applications from potential members.

“Since 2009, EXIM has demonstrated a historic commitment to small business exports, and our local partners were key contributors to that success,” said Fred P. Hochberg, Chairman and President of EXIM.

“Through REPP, the Bank will continue to grow its network of regional, state, and local partnerships. We need to ensure small businesses have additional tools and access to US Government resources for exporters,” he added.

Benefits of the program for companies, especially small businesses, include assistance with outreach and counseling; introduction to marketing and training materials; and access to qualified finance experts, lenders, insurance brokers, and US Government export resources.

The Alabama International Trade Center, for example, assists small businesses in Alabama to enter foreign markets and expand their export sales and is part of The University of Alabama’s efforts to boost the state’s economic development.

“The Alabama International Trade Center at The University of Alabama has a thirty-five year history of working with EXIM Bank programs, and we look forward to growing that relationship with the new Regional Export Promotion Program,” said Bill Cummins, Executive State Director, Alabama Small Business Development Center Network.

“I’ve seen first-hand how EXIM programs really help small businesses grow their international sales, create jobs, and improve Alabama’s economy,” he added.

Organisations eligible for membership include local, regional, or state economic development organisations or World Trade Centers that assist small businesses.

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The Dollar Business Bureau - Aug 02, 2016 12:00 IST