By investing – and mobilizing the private sector to invest – in development overseas. OPIC also generates large volumes of exports and helps create jobs here in the United States.
How many jobs? This 2010 table on OPIC’s local impact presents a state-by-state count of the American jobs that OPIC projects have supported, since OPIC was founded in 1971. As it shows, almost all 50 U.S. states, as well as Washington D.C., Puerto Rico and the U.S. Virgin Islands have benefited. Some of the states reaping the greatest benefits include California, where OPIC investments have supported more than 42,000 jobs and more than $11 billion in U.S. exports, and Texas, where OPIC activities have supported more than 30,000 jobs and more than $7 billion in U.S. exports. Smaller states have benefited too. Rhode Island shows more than $68 million in exports supported by OPIC investments.
By working with private sector businesses, OPIC helps U.S. businesses gain footholds in emerging markets, which creates growth opportunities both at home and abroad.