OPIC to Host Seminar in Delaware for Small Business Expanding to Emerging Markets
April 30, 2018
WASHINGTON, D.C. – The Overseas Private Investment Corporation, the U.S. Government’s development finance institution, is headed to Wilmington, Delaware next month to host its first small business seminar of the year. On May 18, American small businesses can attend the half-day seminar to learn about the opportunities of expanding into emerging markets overseas, and the OPIC finance and political risk insurance tools that are available to support them.
Since 2006, OPIC has hosted more than 40 workshops and seminars across the United States, educating more than 4,500 American small business owners and entrepreneurs about the ways OPIC can help them compete in the global marketplace.
OPIC works with American businesses to stimulate economic development both abroad and at home. Massachusetts-based QuantumID Technologies, for example, used two OPIC loans to introduce its innovative, cloud-based cargo tracking technology in India and the Philippines. With OPIC’s support, the company has become a growing business that offers an efficient, low-cost alternative to traditional methods of shipping cargo in developing countries. The company has also been able to hire more employees in its Massachusetts headquarters, creating job opportunities for American workers.
“For a small business to expand into emerging markets outside of the U.S. is very challenging. OPIC was very much aligned with our objectives,” said Milind Tavshikar, CEO and Founder of QuantumID Technologies.
Emerging markets can be a vital source of growth for American companies, and OPIC will continue its ongoing commitment to help American small businesses expand into high growth markets by hosting an additional seminar this year in Indianapolis.
Register for OPIC’s Wilmington small business seminar here.
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.