OPIC Workshop for Orlando Area Offers Opportunity to Small Businesses from 10 States
June 30, 2014
ORLANDO, Fla. – The Overseas Private Investment Corporation, the U.S. Government’s development finance institution, last week drew more than 125 guests to its Expanding Horizons small business workshop in Orlando. The workshop is part of a series OPIC hosts each year to educate small businesses about the benefits of expanding into developing markets, and the ways OPIC can support them.
“OPIC’s Expanding Horizons has been touring the country for nearly a decade, and I’ve been encouraged by the interest I’ve seen from small business owners,” said OPIC’s Director of Outreach and Public Affairs Dr. Lawrence Spinelli. “The entrepreneurs who came to Orlando from so many states see OPIC as a go-to resource to expand overseas and remain competitive in developing markets, where so much opportunity exists.”
OPIC speakers outlined the innovative tools including financing and political risk insurance that the agency has provided for more than 40 years to help U.S. businesses successfully invest in emerging markets. Other speakers at the workshop included senior government representatives from the U.S. Trade Development Agency, the Minority Business Development Agency, the Small Business Administration, the Export-Import Bank of the U.S., and the U.S. Department of Commerce.
Since its establishment in 1971, OPIC’s support of $2 billion of financing and insurance commitments to Florida companies has supported nearly 5,000 U.S. jobs, generated $1.5 billion in exports and an estimated $774 million in procurement of goods and services from the state. Small businesses and job growth have also benefitted from OPIC support in nearby Georgia, Alabama, Mississippi, Tennessee and the Carolinas.
The June 26 Orlando event was the latest in a highly-successful series that has reached over 2,700 small and medium-sized business owners across the United States Since 2006, OPIC has held Expanding Horizons events in Atlanta, Boston, Charleston, Chicago, Cleveland, Denver, Fort Worth, Houston, Los Angeles, Miami, Minneapolis, Newark, New Orleans, New York City, Orange (CA), Philadelphia, Phoenix, St. Louis, Salt Lake City, San Francisco, Seattle and Raleigh.
The next workshop is scheduled for September in Trenton, NJ. Registration is open at www.opicevents.com.
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 $76 billion in U.S. exports and supported more than 278,000 American jobs.