OPIC Workshop in Fort Worth Draws Over 100 Small Businesses From 10 States
Thursday, June 27, 2013
Fort Worth, Texas – An Expanding Horizons workshop in Fort Worth for small businesses organized by the Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, drew over 100 small business owners from 10 states today, educating participants about how OPIC products can help them take advantage of lucrative investment opportunities in emerging markets.
Rep. Kay Granger (R-TX) in a statement to the gathering applauded OPIC for selecting Fort Worth as the site of the latest Expanding Horizons workshop and commended the agency "for its commitment to helping America's small businesses compete in the global marketplace."
OPIC Director of Outreach and Public Affairs Dr. Larry Spinelli noted that “the Expanding Horizons conference equips small businesses with the information and resources they need to compete in the global marketplace. By making the most of the many investment opportunities in emerging markets, they are helping to grow their businesses and to bring their entrepreneurial spirit and innovative skills to where they are most needed.”
David Ickert, Chairman of the National Small Business Association and Vice President of Finance for Air Tractor, offered keynote remarks at the conference on how American small businesses can thrive as exporters and investors. OPIC speakers outlined the innovative financial tools – among them financing and political risk insurance – that the agency has used for 40 years to help U.S. businesses successfully invest in emerging markets. Other speakers included senior government representatives from the Small Business Administration, the Export-Import Bank of the U.S., and the U.S. Department of Commerce.
Local organizations supporting the conference included the North Texas Small Business Development Center, the Economic Development Office of the City of Fort Worth, the African Chamber of Commerce, the International Trade Center, the Organization for Women in International Trade, the non-profit Knowledge for Success, and the Texas Renewable Energy Industries Association.
Today’s event is the latest in a highly successful series that has educated more than 2,500 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, Cleveland, Los Angeles, Miami, Newark, Houston, San Francisco, Boston, St. Louis, Denver, Philadelphia, Orange (CA), Raleigh, Seattle, 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 277,000 American jobs. Visit www.opic.gov for more information.