OPIC to Host Seminar in Indianapolis for Small Businesses Expanding to Emerging Markets
June 7, 2018
WASHINGTON, DC – The Overseas Private Investment Corporation, the U.S. Government’s development finance institution, will go to Indianapolis, Indiana on August 16th to host its second small business seminar of the year. 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.
California-based Sambazon, for example, used an OPIC loan of $3.7 million to construct an environmentally sustainable açaí berry processing facility in the Brazilian Amazon that would allow it to vastly expand its production capabilities. With OPIC’s support, Sambazon’s business in the U.S. grew rapidly. The company’s açaí juice and other products can now be found across the country and beyond. Sambazon has since more than doubled its employee base, creating job opportunities for American workers.
OPIC has a history of partnering with Indiana businesses to support their overseas ventures. In 2016, OPIC committed $92.4 million to projects sponsored by Indiana companies. From the same year, it is expected that OPIC’s portfolio will bring $167.4 million back to Indiana for the procurement of goods and services from local businesses.
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 continuing to hold these seminars around the country.
Register for OPIC’s Indianapolis 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 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.