Showing posts with label EXPORT-IMPORT BANK CHAIRMAN HOCHBERG. Show all posts
Showing posts with label EXPORT-IMPORT BANK CHAIRMAN HOCHBERG. Show all posts

Saturday, February 7, 2015

EX-IM BANK CHAIRMAN MAKES STATEMENT ON EXPORT DATA

FROM:  U.S. EXPORT-IMPORT BANK 
Export-Import Bank Chairman Fred P. Hochberg Statement on the Release of Export Data from the Commerce Department
U.S. Sets Record for Fifth Consecutive Year

Washington, D.C. – Ex-Im Bank Chairman and President Fred P. Hochberg issued the following statement with respect to the FY 2014 export data released today by the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. According to BEA, the United States exported a record $2.345 trillion of goods and services in FY 2014, which represents a 2.9 percent increase and a record high for the fifth consecutive year.

In December, the United States exported $194.9 billion of goods and services. This figure represents a decrease from November’s $196.4 billion exports total, which was revised slightly upward.

“These export numbers are a testament to the quality and innovation of American goods and services, but they don’t mean we can rest on our laurels,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “The thousands of U.S. businesses, small and large, that count on Ex-Im Bank being there to support them to win export sales and add good-paying jobs here in America can’t afford an unforced error that would threaten the positive momentum demonstrated by today’s news.”

Wednesday, November 19, 2014

EXPORT-IMPORT BANK CHAIRMAN PROMOTES U.S. EXPORTS TO INDIA

FROM:  U.S. EXPORT-IMPORT BANK 
Ex-Im Bank Chairman Hochberg Visits India to Promote Made-in-America Exports

Washington, D.C. – Export-Import Bank of the U.S. (Ex-Im Bank) Chairman Fred P. Hochberg is visiting India this week to promote made-in-America exports in support of U.S. jobs.

“The U.S. and India share complementary aspirations when it comes to our economic future,” said Chairman Hochberg. “When quality American goods and services are deployed to buyers in India, their nation benefits from increased capacity and a reliable foundation for long-term economic growth—and the U.S. benefits by creating new jobs back home.”

Today, Chairman Hochberg delivered comments at a roundtable hosted by the U.S.-India Business Council, where he discussed energy growth, especially when it comes to the renewable energy sector, and infrastructure expansion in India and what role U.S. companies can play in both. He also addressed similar subjects at the Federation of Indian Chambers of Commerce and Industry later in the day.

In addition, Chairman Hochberg held a lunch with Indian businesswomen, to learn more about the challenges and opportunities they have in starting and growing a business in the country.

Throughout his trip, Chairman Hochberg has also taken the opportunity to highlight how Ex-Im Bank’s financing tools have enabled American businesses both large and small to export their products to India.

Some examples include:

Polyguard, of Ennis, Texas, employs 120 people and manufactures corrosion-preventing and waterproof linings for industrial processes and pipelines. The company utilizes Ex-Im trade credit insurance and is exporting to 34 countries. Since making use of Ex-Im insurance, the company’s export sales have increased by more than 230 percent.

Preferred Popcorn of Chapman, Nebraska is a small-business vendor that exports popcorn, concessions supplies, and coconut oil to India and other international markets. Started in 1998, the company currently employs 40 people in Nebraska, Indiana, Illinois, Ohio, and Kentucky. Since its founding, the company has relied upon Ex-Im Bank products and now fills orders in 60 countries around the globe. As a consistent policy holder of Ex-Im Bank export credit insurance, Preferred Popcorn has watched its sales mount to $43 million, 50 percent of which are export-related. Moreover, Ex-Im Bank support has translated into approximately 25 new jobs.

Tomorrow, Chairman Hochberg will attend and give keynote remarks at the India-U.S. Technology Summit. The Summit will be an opportunity for businesses, research institutions and government agencies from both countries to exchange ideas and forge new partnerships to increase trade and investment in the knowledge sector. Chairman Hochberg’s remarks will focus on the mutual benefits that can be realized by choosing quality U.S. goods and American innovation.

Tuesday, June 5, 2012

EXPORT-IMPORT BANK WORKS TO GIVE LONG ISLAND BUSINESSES A GLOBAL COMPETITIVE EDGE


Photo Credit:  Wikimedia.
FROM:  U.S. EXPORT-IMPORT BANK
Rep. Israel, Ex-Im Bank Chairman Hochberg Host Forum for Long Island Businesses to Help Them Gain Competitive Edge in Global Economy
Long Island, New York -- Today, Long Island businesses were told how they can successfully grow their sales and their businesses by selling their products around the world instead of focusing on just selling around the corner.

Representative Steve Israel (D-NY-2) and Export-Import Bank Chairman Fred P. Hochberg hosted an exporter forum for local small businesses at the Long Island Association. More than 75 representatives from local companies attended the event, which focused on how American companies can gain a competitive edge when exporting their products overseas. Long Island small businesses also received one-on-one trade counseling from Export-Import Bank experts.

“Long Island small businesses should be aware of the enormous consumer base that exists beyond our national borders and take advantage of it when selling their products,” Rep. Israel. “I invited Chairman Hochberg to Long Island so our local businesses could learn about the resources available to them to help increase their exports and grow the economy in Long Island.”

“Our nation’s small businesses are the backbone of our economy, and it is critical that we give them the tools they need to compete in international markets,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “Ex-Im Bank will continue to host Global Access forums throughout the country so we can provide businesses with the resources they need to expand globally and reach the President’s goal of doubling U.S. exports by 2015.”

“The Export-Import Bank is a vital tool to help the Long Island business community export more of its goods, which will strengthen those businesses, grow our economy and create jobs,” said Kevin Law, president & CEO of the Long Island Association. “The LIA is proud to host this forum, and I applaud Congressman Israel and Chairman Hochberg for their leadership on economic development issues.”

Chairman Hochberg gave an overview of Export-Import Bank's Global Access for Small-Business initiative, aimed at increasing the number of small businesses across the United States that export goods and services produced by U.S. workers. This is an integral part of the President’s National Export Initiative (NEI), led by the Commerce Department, to double U.S. exports by 2015.

Since 2009, Ex-Im Bank has authorized $80 million for Long Island businesses and supported approximately $515 million in export sales.

Small-business owners who missed the Global Access forum can still learn how Ex-Im Bank can enable them to generate new export sales by contacting the Bank's Regional Export Finance Center at (212) 809-2650, or by calling toll-free to 1-800-565-EXIM (3946). Ex-Im Bank offers information specifically designed to assist small-business exporters secure export financing on its website at http://www.exim.gov/smallbusiness/.

Global Access is supported by a wide variety of business, financial and government partners, including the U.S. Chamber of Commerce, the National Association of Manufacturers (NAM), and the Bank’s 60-plus city/state partners located throughout the U.S. This year, Export-Import Bank plans to hold more than 40 Global Access forums around the country.

About Ex-Im Bank:
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years, Ex-Im Bank has earned for U.S. taxpayers $1.9 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.

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