OPIC to Host Expanding Horizons Workshop for Detroit Small Businesses and Entrepreneurs on May 7
April 14, 2015
OPIC Offers Financing and Political Risk Insurance to Support American Businesses Looking to Expand into Emerging Economies Worldwide
WASHINGTON – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s Development Finance Institution, will host an Expanding Horizons workshop in Detroit on Thursday, May 7 at the Westin Book Cadillac Detroit. OPIC’s outreach to U.S. businesses through Expanding Horizons educates attendees about opportunities in developing markets, presenting a full day’s agenda offering tools to enable business growth.
Expanding Horizons is a unique opportunity to hear directly from U.S. Government officials about programs that support U.S. companies entering developing markets. Regional companies and entrepreneurs will learn about OPIC’s finance and insurance products and how to take advantage of the resources OPIC offers to gain access to emerging markets overseas.
Participants will have the opportunity to arrange one-on-one meetings with OPIC and other government agencies. Joining OPIC will be officials from the Small Business Administration, U.S. Trade and Development Agency, U.S. Department of Commerce and others.
Since its establishment in 1971, OPIC has helped U.S. businesses of all sizes expand into more than 160 countries. OPIC has supported nearly $200 billion of investments. OPIC operates on a self-sustaining basis at no cost to American taxpayers. Expanding Horizons workshops have educated nearly 3,000 U.S. small businesses and entrepreneurs since its launch in 2006.
Small and medium-sized businesses interested in expanding into developing markets are encouraged to attend, and can register at www.opicevents.com.
Area organizations supporting the workshop include the Arab-American Chamber of Commerce, Council of Ethnic Chambers of Commerce, Tejara Global Business Development Center, Van Andel Global Trade Center, East Michigan District Export Council, Ann Arbor SPARK, World Trade Center of Detroit and Michigan State University International Business Center.
WHAT: OPIC Expanding Horizons Workshop
WHEN: Thursday, May 7, 2015 at 7:30 AM
WHERE: Westin Book Cadillac Detroit
1114 Washington Boulevard
Detroit, Michigan 48226
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help address critical development challenges and in doing so, advances U.S. foreign policy and national security priorities. 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, political risk insurance, and support for private equity investment funds, when funding cannot be obtained elsewhere. 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.
All OPIC projects adhere to high environmental and social standards and respect human rights, including worker's rights. By mandating high standards, OPIC helps raise the industry and regional standards of the countries in which its projects operate. OPIC services are available for new and expanding business enterprises in more than 160 countries worldwide.