In the Pacific Northwest region, startups and established businesses partner with OPIC
Next month, OPIC will take its Expanding Horizons seminar for small businesses to the Pacific Northwest, a region where OPIC has a long and successful track record of helping American businesses gain footholds in emerging markets. Since 1994, the year OPIC began compiling state data, OPIC has committed $781.6 million in insurance and financing to help local businesses in Oregon, Washington, Idaho, Wyoming, and Montana invest overseas. These OPIC-supported projects have supported over 2,000 American jobs and more than $275 million in procurement of goods and services from suppliers in the Pacific Northwest.
OPIC partners from the region include a range of startups and established businesses that have expanded into global regions from Latin America to Southeast Asia. Ashland, Oregon-based Big Tree Farms is using OPIC financing to build a sustainable agriculture business that sells sweeteners and other products derived from the nectar of coconuts that grow in Indonesia. Tualatin, Oregon-based Wade Rain Inc. uses OPIC political risk insurance to support the sale of American-made irrigation equipment in Mexico. Wade Rain is the oldest family-owned business in the state, but has increasingly found demand for the irrigation equipment it sells in overseas markets.
OPIC will continue its ongoing commitment to support Pacific Northwest small businesses in the global economy at its first Expanding Horizons small business seminar of the year in Portland, Oregon on May 4. Small businesses can attend this half-day seminar to learn about the benefits of expanding overseas and the OPIC finance and political risk insurance tools that can support them. Learn more about OPIC’s Expanding Horizons workshops here.