OPIC Workshop in Portland Draws Small Businesses from 16 States
May 4, 2017
OPIC Offers Financing and Political Risk Insurance to Support American Businesses Looking to Expand into Emerging Economies Worldwide
Portland, Ore. – The Overseas Private Investment Corporation (OPIC), kicked off the 2017 Expanding Horizons workshop series in Portland today that drew over 60 small business and entrepreneurs. Since 2006, this outreach program has held over 40 events throughout the United States and educated more than 4,500 American small businesses about the resources available from OPIC to help them compete in the global marketplace.
OPIC is the primary federal agency helping small businesses gain footholds in emerging markets through investment. Businesses attending the seminars and workshops will learn the details of OPIC’s financing and political risk insurance, as well as have an opportunity to have one-on-one meetings with OPIC staff.
OPIC 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 supporting organizations at the workshop included The Portland Business Alliance, Oregon Entrepreneurs Network, World Affairs Council of Oregon, and African Chamber of Commerce of the Pacific Northwest.
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 accss to emerging markets overseas.
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. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States. To date, OPIC has provided $69.3 million in support to Oregon businesses investing in emerging markets ranging from agriculture to energy to infrastructure.
The next Expanding Horizons Workshop for 2017 is Jun. 16 in New York City. Details and registration are available at www.opicevents.com.
The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers.
OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.