World Trade Center Utah Named to OPIC's Partners Program
July 10, 2013
(OPIC)
WASHINGTON, D.C. – World Trade
Center Utah was named as the newest member of the Overseas Private
Investment Corporation’s Partners Program, a public diplomacy initiative
designed to expand knowledge of OPIC’s role as the U.S. Government’s development
finance institution. The designation was announced in Salt Lake City at OPIC’s
Expanding Horizons seminar for Utah’s small businesses which was cosponsored by
the WTCUtah.
Through the Partners Program, OPIC works with selected trade, business and
foreign policy organizations nationwide to increase public knowledge of OPIC’s
work. By utilizing the resources of geographically-diverse organizations with
different memberships, information about OPIC is disseminated to a larger
audience. WTCUtah will join the eighteen other national and regional
organizations which are members of the program.
“Today’s announcement formally recognizes the long relationship that has existed
between OPIC and the World Trade Center Utah,” said OPIC’s Director of Outreach
and Public Affairs Dr. Lawrence Spinelli. “They have served as an important
link with the Utah business community in helping to share information about
OPIC’s programs and how OPIC can help America’s businesses compete in the global
marketplace. The World Trade Center Utah will be a great addition to our
Partners Program and I look forward to building on our strong relationship in
the future.”
“We commend OPIC’s long standing commitment to success of U.S. businesses
overseas and look forward to our strengthened partnership,” said Elizabeth
Goryunova, Executive VP & COO, World Trade Center Utah. “No matter what size
business you run, there are international opportunities that can catalyze your
revenue stream and add jobs. Through partnership with OPIC, WTCUtah will be able
to increase awareness of Utah companies about those opportunities, private
sector financing, insurance and support, while emerging markets all over the
world will be able to benefit from the extensive expertise and solutions offered
by Utah companies.”
Since its establishment in 1971, OPIC has committed more than $62 million in
financing and political risk insurance to projects sponsored by companies in
Utah, supporting over 200 U.S. jobs and another $57 million in U.S. exports.
OPIC is the U.S. Government’s development finance institution. It mobilizes
private capital to help solve critical development challenges and in doing so,
advances U.S. foreign policy. Because OPIC works with the U.S. private sector,
it helps U.S. businesses gain footholds in emerging markets catalyzing revenues,
jobs and growth opportunities both at home and abroad. OPIC achieves its
mission by providing investors with financing, guarantees, political risk
insurance, and support for private equity investment funds.
Established as an agency of the U.S. Government in 1971, OPIC operates on a
self-sustaining basis at no net cost to American taxpayers. OPIC services are
available for new and expanding business enterprises in more than 150 countries
worldwide. To date, OPIC has supported more than $200 billion of investment in
over 4,000 projects, generated an estimated $75 billion in U.S. exports and
supported more than 277,000 American jobs.
The mission of WTCUtah is to guide Utah companies into profitable global
markets. WTC Utah builds Utah’s international community by offering signature
services: Assessment of a company’s current global position or international
strategy, Education in the form of seminars and workshops to help develop global
strategy, and Connections through the World Trade Center network and co-hosted
local events to help in executing global strategy. In addition, WTCUtah offers
customized market intelligence reports and access to the network of over 330
World Trade Centers around the globe that facilitates international trade and
investment.
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