Reta Jo Lewis Sworn in as U.S. Export-Import Bank President and Chair
Reta Jo Lewis Sworn in as U.S. Export-Import Bank President and Chair
Historic New Chapter Begins with a Focus on Small Businesses, American Competitiveness Around the World
WASHINGTON – As America celebrates Black History Month, Reta Jo Lewis today became the first Black woman and person of color to head the Export-Import Bank of the United States (EXIM)...
EXIM Board Authorizes Nearly $194 Million Loan Guarantee Supporting Aircraft Exports to Panama’s Copa Airlines
WASHINGTON – The Export-Import Bank of the United States (EXIM) Board of Directors today unanimously approved a final commitment to guarantee an approximately $194 million loan from Citibank and JPMorgan to Copa Airlines of Panama to finance the purchase of Boeing 737 MAX 9 aircraft.
With...
Florida Export Finance Corporation in Miami Named EXIM 2021 REPP of the Year
State Trade-Finance Organization Referred 18 Small Businesses to EXIM, Resulting in $400,000 of EXIM Support in 2020
WASHINGTON –Today, the Export-Import Bank of the United States (EXIM) again awarded a state trade-finance organization, the Florida Export Finance Corporation (FEFC),...
First Solar Exports to Zacapa Solar-Energy Project in Guatemala is EXIM 2021 Deal of the Year
Ohio-based First Solar Wins Contract Over Competition from China to Export Thin-Film Solar Panels to Distributed Solar-Energy Project in Central America, Deal Financed by BankProv Backed by EXIM Loan Guarantee
WASHINGTON – The Export-Import Bank of the United States (EXIM) today gave the...
Meridian Finance Group Named EXIM 2021 Broker of the Year
California-based Trade Finance and Insurance Firm with International Reach Honored by EXIM for Fourth Time as Broker of the Year
WASHINGTON –Today the Export-Import Bank of the United States (EXIM) again recognized Meridian Finance Group , headquartered in Los Angeles, California, as...
Impello Global Named EXIM 2021 New Broker of the Year
Small Businesses Were 100 Percent of New EXIM Broker’s Customers in 2020
WASHINGTON –Today the Export-Import Bank of the United States (EXIM) awarded Impello Global Insurance Services LLC , headquartered in Seattle, Washington, as EXIM’s 2021 New Broker of the Year. EXIM presented...
AirFinance and Apple Bank Named EXIM 2021 Lenders of the Year
Aircraft Financing Arranger and Lender Recognized for Successful Collaboration Meeting Liquidity Challenges of COVID-19 Pandemic
WASHINGTON – The Export-Import Bank of the United States (EXIM) today gave the Lender of the Year award to AirFinance Leasing LLC in Virginia and to Apple...
Florida Small-Business Manufacturer Motortronics Named 2021 EXIM Exporter of the Year
EXIM’s Export Credit Insurance and Working Capital Guarantees Enabled Florida Manufacturer to Expand Existing Sales and Enter New Markets
WASHINGTON — Motortronics , a small-business manufacturer based in Clearwater, Florida, has been named an Exporter of the Year by the Export-Import...
Vermont Manufacturer Cabot Hosiery Mills, Inc./Darn Tough Named 2021 EXIM Exporter of the Year
EXIM’s Export Credit Insurance Enabled Vermont Small Business to Expand Existing Sales and Enter New Markets
WASHINGTON – Cabot Hosiery Mills, Inc./Darn Tough , a small, family-owned business in Northfield, Vermont, that manufactures high-quality socks designed to be durable for outdoor...
Pennsylvania Textiles Manufacturer AKAS Textiles and Laminations Named an EXIM Exporter of the Year
Woman- and Minority-Owned Small Business Uses EXIM’s Export Credit Insurance and Working Capital Guarantees to Increase Revenue
WASHINGTON – AKAS Textiles and Laminations (AKAS Tex), a woman- and minority-owned small business engaged in textiles design and manufacturing in Bensalem,...
Kentucky Woman-Owned Small Business Two Rivers Fisheries Named EXIM Exporter of the Year
EXIM’s Export Credit Insurance Enabled Environmentally Beneficial Small Business to Expand Existing Sales and Enter New Markets
WASHINGTON – Two Rivers Fisheries Inc. , a woman-owned small business in Wickliffe, Kentucky, that processes and exports local fish to 12 countries, has been...
EXIM Renews Supply Chain Finance Guarantee of $180 Million Purchase Facility Supporting Sales of CFM International Aircraft Engines
Transaction Will Support an Estimated 600 American Jobs, Including Employment in the Aircraft Manufacturing Supply Chain
WASHINGTON – Yesterday the Board of Directors of the Export-Import Bank of the United States (EXIM) approved the renewal of a 90 percent guarantee of a $180 million...
EXIM Signs Memorandum of Understanding with Ukraine’s Ministry of Economy
Agreement Expresses Intent to Facilitate Procurement of U.S. Goods and Services for Ukrainian Infrastructure Projects and Key Sectors
WASHINGTON – Export-Import Bank of the United States (EXIM) Acting President and Chairman James Burrows and Deputy Vice Prime Minister of Ukraine and...
EXIM Approves $97.2 Million Working Capital Guarantee Facility to Support Embraer Executive Aircraft Exports Manufactured in Melbourne, Florida
Transaction Supports an Estimated 700 U.S. Jobs in Business Aircraft Manufacturing and Supply Chain
WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) yesterday unanimously approved a $97.2 million, two-year revolving working capital loan guarantee...
EXIM Approves $500 Million in Financing to Support U.S.-Manufactured Commercial Aircraft Exports to WestJet
Transaction Supports an Estimated 2,900 U.S. Jobs in Aircraft Manufacturing and Supply Chain
WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) yesterday approved a $500 million loan guarantee to support exports of U.S.-manufactured Boeing 787-9...
EXIM Approves $832.5 Million in Financing to Support U.S.-Manufactured Commercial Aircraft Exports to Turkish Airlines
Transactions Support 4,500 American Jobs in Aerospace Industry Affected by COVID-19 Pandemic
WASHINGTON – Yesterday, the Board of Directors of the Export-Import Bank of the United States (EXIM) approved two transactions totaling $832.5 million in loan guarantees to support exports of...
EXIM Approves $80.7 Million to Support SpaceX Launch Services and U.S.-Brokered Insurance for Hispasat Satellite
First EXIM Satellite-related Deal Since 2015, Counters Foreign Competition
WASHINGTON – The Board of Directors of the Export-Import Bank of the United States (EXIM) unanimously approved $80.7 million in EXIM financing to support launch services by SpaceX and also U.S.-brokered launch and...
EXIM Board of Directors Approves $54.9 Million Loan Guarantee Supporting Aircraft Engine Exports to Turkish Airlines
WASHINGTON – On May 20, the Board of Directors of the Export-Import Bank of the United States (EXIM) approved a $54.9 million guarantee of a loan from BNP Paribas, S.A., to support the export of a GEnx spare engine and two GEnx spare propulsors from GE Aviation to Turkish Airlines (Turk Hava...
EXIM Finalizes First-Ever U.S. LNG Export Transaction in Support of 200 American Jobs
Action Finalizes EXIM Board’s September $50 Million Authorization for Houston-Based Freeport LNG; First Use of EXIM’s Groundbreaking Supply Chain Transaction with Funder Guarantee
WASHINGTON — Building on the Export-Import Bank of the United States (EXIM) Board of Directors’...
EXIM Board Votes to Authorize $327 Million Loan Guarantee in Support of 1,300 U.S. Jobs in Hard-Hit Aviation Sector
Following Congressional Notification Period, EXIM Board Unanimously Approves Copa Airlines Final Commitment
WASHINGTON — The Export-Import Bank of the United States (EXIM) Board of Directors today voted unanimously to approve a final commitment to guarantee a $327 million loan from...
EXIM Chairman Reed Presents American Botanicals with Exporter of the Year Award
Missouri Small Business Supplier of Spices, Herbs, and Botanicals Utilizes EXIM’s Export Credit Insurance to Export More Than $8 Million in Past Six Years
EOLIA, Missouri — Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed yesterday presented an...
EXIM Chairman Reed Visits Interstate Narrow Fabrics to Present Exporter of the Year Award
North Carolina Textile Industry Small Business Manufacturer Utilizes EXIM Export Credit Insurance to Expand International Sales, Swiftly Turned to Producing Face Mask Elastics at Start of COVID-19
HAW RIVER, North Carolina — Export-Import Bank of the United States (EXIM) President and...
EXIM Chairman Kimberly Reed Presents Exporter of the Year Award to Minnetonka, Minnesota Small Business Fireaway, Inc.
Presents Award to Minnesota Small Business Providing Fire Suppression Equipment
MINNETONKA, Minn. – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today presented an Exporter of the Year award to Fireaway, Inc. (link is external), a small...
EXIM Chairman Kimberly Reed Presents Exporter of the Year Award to Fort Lauderdale Small Business Greenfield World Trade
Foodservice Equipment and Supply Company Honored During Economic Club of Florida Keynote
TALLAHASSEE, Fla. – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today presented its Exporter of the Year award to Greenfield World Trade (link is...
EXIM Chairman Kimberly Reed Presents Exporter of the Year Award to Wilmington Paper in Pine Brook, New Jersey
Presents Award to Third-Generation, Family-Owned Business, Specializing in Creating Recycling Management Programs
WASHINGTON – Export-Import Bank of the United States (EXIM) President and Chairman Kimberly A. Reed today presented an Exporter of the Year award to Wilmington Paper...
EXIM Honors 13 Small Businesses as Exporters of the Year During 2020 Annual Conference
Winners from 12 States Exemplify EXIM’s Mission of Supporting American Jobs by Facilitating U.S. Exports
WASHINGTON — The Export-Import Bank of the United States (EXIM) today announced that 13 small businesses representing a cross section of American innovation and industry sectors...
JZJ Insurance Services, Inc., Named 2020 EXIM New Broker of the Year
Ohio Small Business Relies on Decades-Long Experience to Support U.S. Exporters
WASHINGTON — JZJ Insurance Services, Inc. (link is external), a specialized insurance agency headquartered in Columbus, Ohio, has been named New Broker of the Year by the Export-Import Bank of the United...
Global Business Solutions Named 2020 EXIM Broker of the Year
WASHINGTON — Global Business Solutions (link is external) (GBS), a woman-owned export risk mitigation firm headquartered in Winston-Salem, North Carolina, has been named Broker of the Year by the Export-Import Bank of the United States (EXIM) for its exemplary service and commitment to small...
EXIM Honors Regions Bank, Based in Birmingham, Alabama, with Lender of the Year Award for Outstanding Support of U.S. Exports
Regional Lender Operating in 15 States Throughout the South and Midwest Processes More Than $65 Million of Transactions Over Past Year
WASHINGTON – The Export-Import Bank of the United States (EXIM) today presented a Lender of the Year award to Regions Bank (link is external),...
EXIM Honors GBC International Bank as Lender of the Year for Outstanding Support of America’s Small Business Exporters
California Lender Has Facilitated More than $1 Billion in Support of 200 U.S. Small Business Exporters Since 1999
WASHINGTON – The Export-Import Bank of the United States (EXIM) today presented a Lender of the Year award to GBC International Bank (link is external) (GBCIB),...
llinois SBDC International Trade Centers Named 2020 EXIM Regional Export Promotion Program Member of the Year
Trade Centers Connect Illinois Small Business Exporters to the Global Marketplace
WASHINGTON — The Illinois Small Business Development Center (SBDC) International Trade Centers (link is external) have been named the Regional Export Promotion Program (REPP) Member of the Year by the...
EXIM Board Votes to Notify Congress of a Potential $450 Million Transaction to Support U.S. Exports to Iraq and an Estimated 1,700 American Jobs
Transaction Could Support U.S. Agriculture and Engineering Exports and Address COVID-19 Challenges; Underscores EXIM’s Commitment to $5 Billion MOU with Republic of Iraq Ministry of Finance
WASHINGTON – The Export-Import Bank of the United States (EXIM) Board of Directors today...
USTDA Generates Record Results for U.S. Exporters
Arlington, VA – Today, the U.S. Trade and Development Agency announced a record-breaking return on investment and the highest since its founding in 1992. USTDA is now generating an average of $117 in U.S. exports for every dollar it programs toward advancing infrastructure projects in emerging...
USTDA Advances Sustainable Public Transit in Ecuador
Arlington, VA – The U.S. Trade and Development Agency has awarded a technical assistance grant to Quito’s public transit bus operator, Empresa Pública Metropolitana de Transporte de Pasajeros de Quito (EPMTPQ), to help modernize its bus fleet and expand related intelligent transportation...
USTDA Supports Smart Grid Deployment in Brazil
Arlington, VA – The U.S. Trade and Development Agency awarded a grant to the Brazilian Association of Electricity Distributors (ABRADEE) for technical assistance to enable large-scale smart grid deployment throughout Brazil.
“USTDA’s assistance will support ABRADEE’s efforts to...
USTDA Supports Electric Vehicle Transition in Thailand
Arlington, VA – The U.S. Trade and Development Agency has awarded a grant to SCG International Corporation Co., Ltd. (SCG International), a wholly owned subsidiary of leading Thai conglomerate SCG, to advance the company’s ambitious decarbonization strategy. USTDA’s assistance will provide...
USTDA Supports Renewable Energy in Pakistan
Arlington, VA – The U.S. Trade and Development Agency has awarded a feasibility study grant to Pakistan-based engineering and construction company, Times Group (Private) Limited, for a renewable biofuels project that will improve environmental conditions in Karachi. Times Group selected...
USTDA Supports Banking Modernization in Solomon Islands
Arlington, VA – Today, the U.S. Trade and Development Agency awarded a grant to the Central Bank of Solomon Islands (CBSI) for technical assistance to modernize the country’s banking infrastructure. USTDA’s grant, its first in the Solomon Islands, will develop an information and...
USTDA Supports Healthcare Electrification in Nigeria
Arlington, VA – The U.S. Trade and Development Agency awarded a grant to Nigeria’s EM-ONE Energy Solutions Limited for a feasibility study that will strengthen healthcare delivery in rural and underserved regions of Nigeria through solar minigrid systems.
“USTDA’s support for this...
Enoh T. Ebong Appointed USTDA Acting Director
Arlington, VA – Today, President Joseph R. Biden, Jr. appointed Enoh T. Ebong as the Acting Director of the U.S. Trade and Development Agency. The appointment meant a return to USTDA where from 2004 to 2019, Ms. Ebong had served in a variety of roles, most recently as the Agency’s General...
USTDA Announces New Export Multiplier, Highest ROI in Agency History
Arlington, VA – Today, the U.S. Trade and Development Agency announced another record-breaking return on its investment and the highest since its founding in 1992. USTDA is now generating an average of $112 in U.S. exports for every dollar the Agency invests in its infrastructure projects...
United States Signs $217 Million Agreement to Fund Power Plant
FREETOWN, Sierra Leone – In a letter dated July 14, 2021, United States International Development Finance Corporation (DFC) committed to provide $217 million in debt financing for a new 83 megawatt power plant in Freetown. The Western Area Power Generation Project (WAPGP), sponsored by Milele...
Department of Commerce Honors U.S. Companies with Presidential Award for Export Achievements
WASHINGTON – Today, the Department of Commerce honored 31 U.S. companies and organizations that export goods and services overseas by naming them winners of the 2021 President’s “E” Awards. This year’s winners hail from 20 states, and of the 31 honorees, 25 are small and medium-sized...
Commerce Secretary Gina Raimondo Awards 13 Grants to Boost U.S. Exports, Support High Quality Jobs
Today, U.S. Secretary of Commerce Gina Raimondo announced 13 new grants designed to support the export success of U.S. businesses in key industries. The Market Development Cooperator Program (MDCP), administered by Commerce’s International Trade Administration, awarded nearly $3 million in...
U.S. Secretary of Commerce Wilbur Ross Honors U.S. Companies With Presidential Award for Export Achievements
39 American Companies Receive Highest U.S. Honor for Export Success
WASHINGTON – Today, U.S. Secretary of Commerce Wilbur Ross honored 39 U.S. companies and organizations, recognizing their contributions to American export growth by naming them winners of the 2020 President’s “E”...
Commerce Announces Non-Profit Partnerships to Address Trade Barriers on American Goods
WASHINGTON – Today, Deputy Under Secretary for International Trade, Performing the non-exclusive functions and duties of the Under Secretary for International Trade Joseph Semsar announced 10 new partnerships designed to create or sustain U.S. jobs by increasing or maintaining the export of...
Florida Small Business Wins SBA’s 2020 Exporter of the Year Award
Genesis Water Technologies assists 43 countries worldwide with water treatment challenges
WASHINGTON – Genesis Water Technologies, Inc. (GWT) has been named 2020 Small Business Exporter of the Year by the U.S. Small Business Administration. The Maitland, Florida-based company will be...
Export Compliance Program Eighth Element: Build and Maintain Export Compliance Manual
by Blake Gill *
We have made our way to the final element of our Export Compliance Program (ECP). This element can be placed last in the steps for its maintenance function, or in the event of a newly established export compliance manual, it can be the first element. You will need to ensure...
Export Compliance Program Seventh Element: Handling Violations and Taking Action
by Blake Gill *
As we come to the last of functional elements of an Export Compliance Program (ECP), we arrive upon one of the dreaded topics of how to handle violations and take action. This element must be clear and concise on how an organization should handle any potential violations and...
Export Compliance Program Sixth Element: Audits
by Blake Gill *
As we begin to get closer to the last of our Export Compliance Program (ECP) elements, we turn our focus from how to implement the ECP to how to ensure the elements are properly aligning with our business. This can be accomplished by performing audits against your ECP....
Export Compliance Program Fifth Element: Training
by Blake Gill *
Our last discussion was on the recordkeeping element . One of the most critical points of recordkeeping is the proper training of who, what, when and where. In order to properly record and store documents, the appropriate individuals need to be trained on their...
Export Compliance Program Fourth Element: Recordkeeping
by Blake Gill *
In our last discussion, we reviewed the third element of Export Authorization . Once you have determined your path to exporting an item in a legal, compliant manner, you must keep the supporting documentation. Recordkeeping is mundane, I’m sure we can all agree upon...
Export Compliance Program Third Element: Export Authorization
by Blake Gill *
Hello again! Last time we discussed how important a risk assessment is when building an Export Compliance Program (ECP). The results for the assessment will be a determining factor in the steps your organization must take to gain authorization for an export. If your...
Export Compliance Program Second Element: Risk Assessment
by Blake Gill *
Last time we discussed our first element of management commitment . Once you have successfully gained the support from management that is required to properly create and run an Export Compliance Program (ECP), a risk assessment should be completed to identify those risks...
Export Compliance Program Introduction
by Blake Gill *
So, you were voluntold into a position of export compliance? Don’t worry, this is a path that many individuals are forced into. Some even embrace the challenge and turn the new assignment into a prosperous career. After all, it’s not every day a child tells their...
Export Compliance Program First Element: “Management Commitment”
by Blake Gill *
Welcome back friends! Our last topic was an introduction to the Export Compliance Program or ECP . We went over the basic elements of an ECP and some factors of the organization that may affect the outcome of the ECP. As promised, we will take a deeper dive now into the...
Quality within a compliance program
by Blake Gill * Oops, they did it again! A well-known company has recently agreed to pay some hefty fines for violations of the ITAR. I won’t spill the beans and spoil all the details, but the company was dinged for the same or similar actions before. They promised to get their act...
Compliance Overlap: The Importance of Understanding
by Blake Gill *
In my many years of experience working with international trade controls, I like to think I have seen a large sample of possibilities that can arise in export control. Of course, nobody can really know and see it all; therefore, regulations constantly change. Recent action...