Regional Export Promotion Program Seeks Applications
The Export-Import Bank of the U.S. announced Aug. 1 the launch of its Regional Export Promotion Program. Applications from potential members are being accepted, and organizations eligible for membership include city, county and state governments; local, regional or state economic development organizations; small business development centers; and world trade centers.
REPP aims to stimulate U.S. export sales through a partnership between entities with local market knowledge and the ability to personally reach companies selling internationally and the Ex-Im Bank, which offers trade finance products and expertise specifically tailored to support U.S.-based companies selling internationally. The Bank will provide assistance with outreach and trade finance counseling, free marketing and training materials, and access to qualified finance experts, lenders, insurance brokers, and U.S. government export resources. Partners are expected to meet criteria such as making trade-related assistance and international expansion services available and putting exporters in touch with Bank trade finance specialists. More information is available here.