OPIC to Welcome New Jersey, Regional Entrepreneurs with Expanding Horizons Workshop
September 10, 2014
WASHINGTON – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, will be in Trenton, NJ Sept. 23 for its final Expanding Horizons workshop of 2014. Small and medium-sized businesses interested in expanding into developing countries are encouraged to attend, and can register at www.opicevents.com.
The workshop, a cornerstone of OPIC’s outreach to U.S. businesses, is designed to help educate businesses about the opportunities in developing markets and the ways OPIC and other U.S. government agencies can support them. OPIC offers financing and political risk insurance to support U.S. businesses looking to expand into emerging economies worldwide.
“Over the past eight years, business communities around the country have been drawn to the Expanding Horizons events to learn how OPIC can help them grow,” said Dr. Lawrence Spinelli, OPIC’s Director of Outreach and Public Affairs. “The final workshop of 2014 brings OPIC to New Jersey, a state rich in industry, entrepreneurial spirit, shipping and transport infrastructure, and outward-looking diaspora communities. I look forward to welcoming the engaged, eager participants from New Jersey and the surrounding region.”
Since its establishment in 1971, OPIC has committed more than $1.8 billion in financing and political risk insurance to projects sponsored by New Jersey companies, supporting over 13,000 U.S. jobs and $3.1 billion in U.S. exports resulting from these projects.
The Trenton workshop is the latest in a highly successful series that has educated more than 2,600 small and medium-sized business owners across the United States about OPIC products and services and those of its sister agencies. Since 2006, OPIC has held Expanding Horizons events in Atlanta, Boston, Charleston, Chicago, Cleveland, Denver, Fort Worth, Houston, Kansas City, Los Angeles, Miami, Minneapolis, Newark, New Orleans, New York City, Orange (CA), Orlando, Philadelphia, Phoenix, Raleigh, Salt Lake City, San Francisco, San Jose, St. Louis and Seattle.
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, guaranties, 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 $76 billion in U.S. exports and supported more than 278,000 American jobs.