OPIC to Hold Workshop for Small Businesses in Chicago Area
Thursday, August 16, 2012
WASHINGTON, D.C. – Small businesses in the greater Chicago area will have an opportunity to learn how to gain access to lucrative emerging markets overseas with the support of the U.S. Government’s development finance institution, the Overseas Private Investment Corporation (OPIC), when OPIC hosts a workshop in Rosemont on October 18.
Since its establishment in 1971, OPIC has committed $2.1 billion in financing and political risk insurance to projects sponsored by companies in Illinois, supporting more than 8000 U.S. jobs and another $2.1 billion in U.S. exports (data current as of August 2012).
The Expanding Horizons workshop will outline for participants the innovative financial tools that OPIC has used for 40 years to help U.S. businesses successfully invest in emerging markets. Special emphasis will be placed on opportunities in the renewable energy and clean technology sectors, an OPIC priority.
Speakers will include senior government officials from OPIC, as well as from the Small Business Administration, the Export-Import Bank of the U.S., the U.S. Trade and Development Agency, the U.S. Department of Commerce, including the U.S. Commercial Service and the Minority Business Development Agency.
The OPIC workshop will be held Thursday, October 18, at the Embassy Suites Rosemont at 5500 North River Road in Rosemont. Companies interested in attending may register online at www.rgameetings.com/opic.
The event is the latest in a highly successful series that has educated nearly 2000 small and medium-sized business owners across the United States about OPIC products and services. Since 2006, OPIC has held Expanding Horizons events in Atlanta, Chicago, Los Angeles, Miami, Newark, Houston, San Francisco, Boston, St. Louis, Denver, Philadelphia, Orange (CA), Raleigh, New Orleans and New York City.
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 276,000 American jobs.