OPIC and MBDA to Co-Host Seminar for Ohio Small Businesses in Cleveland
SMEs can learn how to access promising emerging markets; March 14 at Renaissance Cleveland Hotel
February 19, 2013
WASHINGTON, D.C. – Ohio small businesses will have an opportunity to learn how to gain access to emerging growth markets overseas with the support of the U.S. Government’s development finance institution, the Overseas Private Investment Corporation (OPIC), when OPIC and the Minority Business Development Agency (MBDA) Business Center-Cleveland host a seminar in Cleveland on March 14.
Since being established in 1971, OPIC has committed more than $1.4 billion in financing and political risk insurance to projects sponsored by Ohio companies, supporting 12,522 U.S. jobs and another $1.4 billion in U.S. exports, as well as $119 million in goods and services from Ohio suppliers and 350 local jobs in Ohio.
The Expanding Horizons seminar will outline the innovative financial tools that OPIC has used for 42 years to help U.S. businesses successfully invest in emerging markets.
The OPIC-MBDA Business Center-Cleveland seminar will be held Thursday, March 14, at the Renaissance Cleveland Hotel as part of the two-day MBDA Business Conference. Companies interested in attending may register online at MBDA Business Center-Cleveland.
The event is the latest in a highly successful series that has educated more than 2,100 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, New York City, Seattle and Kansas 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 277,000 American jobs.
The Minority Business Development Agency (MBDA) Business Center-Cleveland strives to create a new generation of minority businesses enterprises (MBEs) generating $100 million in annual revenues. Our strategic focus is to maximize job creation and global competitiveness for minority-owned businesses and to foster innovation and entrepreneurship with minority-owned businesses in high-growth industries. Visit http://www.mbda.gov/businesscenters/cleveland for more information.