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The OPIC Blog


U.S., Jordan commit to work together to support SMEs

October 27, 2011

On Oct. 25, OPIC President and CEO Elizabeth Littlefield joined U.S. Ambassador to Jordan Stuart Jones, and Acting USAID Mission Director Kevin Rushing and Dr. Saleh Kharabsheh, Secretary General of the Ministry of Planning and International Cooperation, in committing to work together to support the development of Jordanian small and medium-sized enterprises to help create jobs and encourage economic growth. “Today’s
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Project profile: Brazilian plant supports growth of U.S. juice maker

October 21, 2011

Sambazon Inc. of San Clemente, Calif. was formed in 2000 when a couple of friends traveling in Brazil noticed the local popularity of the antioxidant-rich açai berry and saw an opportunity to introduce it into the U.S. They started by purchasing a container of frozen pulp and peddling it to juice bars in southern California, but as sales took off
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Project profile: Mexican food project in Russia fuels sales of American-made equipment

October 21, 2011

American entrepreneurs build a Mexican food business in Russia using an OPIC loan to fund its expansion, ultimately driving sales of equipment from a supplier in  southern California. That’s the short story behind ZAO Solntse Mexico, a 2007 OPIC loan recipient, which was so successful introducing Mexican food products to Russia that it generated $9 million in revenues in 2010.
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For small businesses, adapting to tough times often means expanding their horizons

October 21, 2011

Ricardo Tejada, Founder and Managing Director of Vnesto Capital, delivered the keynote address at the Expanding Horizons seminar in Orange County, CA, where he shared his story of adapting to the recession by expanding his business into South Korea and Ecuador. Vnesto Capital was founded in Los Angeles in 2005 to help small firms obtain capital and build successful business plans,
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Small firms also have a role in the global economy

October 18, 2011

OPIC President and CEO Elizabeth Littlefield recently published a piece in the Miami Herald about the economic benefits of small businesses expanding into developing markets overseas. Attached is the full text of the piece, which can also be found at MiamiHerald.com Today’s business news is dominated by the affairs of America’s largest corporations, like Apple, Boeing, GE and Google. The
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“OPIC can transform the way we think about the business community and its relationship with international development.”

October 13, 2011

OPIC President and CEO Elizabeth Littlefield is featured this month in Forbes, where she discusses OPIC’s work supporting U.S. businesses investing in emerging markets, the agency’s increased focus on renewable resources and its quick response to the Arab Spring earlier this year. In the interview Littlefield notes that, because 95 percent of the world’s customers live outside of the United
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Photos: In India, telecom sector taps solar power

October 12, 2011

OPIC’s board recently approved $150 million in financing to expand the use of solar energy to power telecommunications towers in India. Applied Solar Technologies plans to use the financing to supplement the diesel-powered generators on the cellular towers with solar hybrid energy systems. Attached are some photos of the project.

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Expanding Horizons: “We have to change our perspective of where our next customers are coming from.”

October 07, 2011

“A big business can walk into a bank, get in the door and probably even end up with financing for an overseas investment. But for a small business, it is particularly challenging,” Lawrence Spinelli, OPIC’s Director of Public Affairs, (pictured)  noted at the start of OPIC’s Expanding Horizons Seminar last month in Southern California. The Expanding Horizons event for small
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