OPIC Expanding Horizons workshop in Houston draws nearly 250 small businesses and entrepreneurs
June 16, 2016
OPIC Offers Financing and Political Risk Insurance to Support American Businesses Looking to Expand into Emerging Economies Worldwide
Houston, TX – The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, drew nearly 250 small businesses and entrepreneurs to the 10th Anniversary of the Expanding Horizons small business workshop in Houston today.
OPIC has hosted over 30 Expanding Workshops nationwide since 2006 to educate small businesses about the opportunities of expanding into developing markets, and the ways that OPIC can support this growth.
“We are excited to be in Houston for our latest Expanding Horizons workshop, which are now in their tenth year,” said Elizabeth L. Littlefield, OPIC’s President and CEO. “American small businesses face many challenges when carrying out their critical role in the global economy. Expanding Horizons provides local businesses an opportunity to meet key personnel to learn about the programs and resources that OPIC has to help them participate in emerging markets.”
OPIC speakers outlined the innovative financing and political risk insurance products that the agency has provided for more than four decades to help U.S. businesses successfully invest in emerging markets. Other speakers at the workshop included the Houston District Export Council, Women's Business Enterprise Alliance, Houston Intercontinental Chamber of Commerce, Houston West Chamber of Commerce, and the U.S. Global Leadership Council.
Josh Becker, Co-Founder & CEO, Impele Consulting Group & Impele Capital, gave today’s keynote address. Mr. Becker, the son of missionaries who moved to Zambia from the U.S. when he was an infant, grew up in Africa and co-founded Impele Capital which operates in nine countries throughout Africa.
Since 1971, OPIC has helped U.S. businesses of all sizes expand in emerging markets, and is open for business in more than 160 countries. OPIC has supported nearly $200 billion of investments and operates on a self-sustaining basis at no cost to American taxpayers. To date, OPIC has provided $7.9 billion in support to Texas businesses investing in emerging markets ranging from agriculture to energy to infrastructure.
Expanding Horizons is a unique opportunity for businesses to hear directly from U.S. Government officials about programs that support U.S. companies entering developing markets. Regional companies and entrepreneurs are able to 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.
Expanding Horizons workshops have educated 3,000 U.S. small businesses and entrepreneurs since the program’s launch. OPIC will host additional Expanding Horizons Workshops in Denver and Baltimore this fall. Details and registration are available at www.opicevents.com.
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 commercial 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 aims to raise the industry and regional standards of the countries where it funds projects. OPIC services are available for new and expanding business enterprises in more than 160 countries worldwide.