WASHINGTON--(BUSINESS WIRE)--The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, will host an Expanding Horizons workshop for Arizona small businesses on Thursday, May 22, at the Hyatt Regency in Phoenix, Arizona.
The workshop is designed to help small businesses learn more about the benefits of entering developing overseas markets and the ways OPIC and other U.S. Government agencies can support them. OPIC offers financing and political risk insurance to support U.S. businesses in challenging markets.
OPIC’s continued focus on small business is clear – in 2013, nearly 75% of the projects committed were with U.S. small and medium-sized businesses.
Michael Finney, PhD, Associate Professor of Global Management and Faculty Lead of the Emerging Markets Laboratories at Thunderbird School of Global Management is a scheduled guest speaker at the workshop. Additional speakers will include senior officials from OPIC, the U.S. Small Business Administration, the Export-Import Bank of the U.S., the U.S. Trade and Development Agency and the U.S. Department of Commerce.
Since its establishment in 1971, OPIC has committed more than $550 million in financing and political risk insurance to projects sponsored by companies in Arizona, supporting more than 1,247 local jobs and $342.5 million in exports from the state, a large share which has come from small businesses.
The Phoenix workshop is the latest in a highly successful series that has educated more than 2,500 small and medium-sized business owners across the United States about OPIC products and services. Since 2006, OPIC has held Expanding Horizons events in Atlanta, Boston, Charleston, Chicago, Cleveland, Denver, Fort Worth, Houston, Kansas City, Los Angeles, Miami, Minneapolis, Newark, New Orleans, New York City, Orange (CA), Philadelphia, Raleigh, Salt Lake City, San Francisco, San Jose, St. Louis and Seattle.
Companies interested in attending may register online at www.opicevents.com.
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. 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, guarantees, political risk insurance, and support for private equity investment funds.
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. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported more than $200 billion of investment in over 4,000 projects, generated an estimated $76 billion in U.S. exports and supported more than 278,000 American jobs.