Oregon partner manufactures American-made equipment that improves irrigation in Mexico
As OPIC prepares to travel to Portland, Oregon to kick off our 2017 Expanding Horizons workshop series for U.S. small businesses looking to expand abroad in emerging markets we feature one of our partners, Wade Rain, Inc., which uses OPIC political risk insurance to support the sale of its American-made irrigation equipment to Mexico. OPIC political risk insurance allows American businesses to expand into emerging markets, mitigating risk to help them compete in the global marketplace.
Wade Rain, of Tualatin, Oregon is the oldest family-owned business in the state. Founded in 1865, the company has expanded its operation by selling increasingly advanced equipment that enables farmers to irrigate in a targeted manner, dramatically reduce water consumption, and preserve crops through periods of drought. Today overseas sales account for about 80 percent of Wade Rain’s revenue.
“OPIC political risk insurance gave us the confidence to do business in Mexico,” said Wade Rain President Ed Newbegin.
In just a few weeks, on May 4, small businesses are welcome to attend OPIC’s half-day seminar to learn about the benefits of expanding overseas and the OPIC finance and political risk insurance tools that can support them. Register and learn more about OPIC’s Expanding Horizons workshops here.