Page Two	E-mail PagePrint Version

WASHINGTON, DC – 07/10/07 – Los Angeles-based small and medium-sized businesses looking to compete in global markets will have easier access to financing through a new partnership agreement between the and the US Export-Import Bank (EXIM).

The EXIM’s new City-State Partners Program is a nationwide marketing initiative that brings state and local government offices and private-sector organizations into partnerships with EXIM to expand export opportunities.

As an EXIM City/State Partner, the LAACOC will be able to assist local businesses learn about and apply for a range of EXIM financing products, including short-term export-credit insurance to mitigate the risk of foreign buyer nonpayment, loan guarantees to increase export-related working capital, and medium-term financing for foreign buyers.

Over the past five years, EXIM has helped more than 700 California companies in 227 communities export $8 billion in goods and services, including 27 companies in Los Angeles proper.

In fiscal year 2006, the bank authorized more than $12.1 billion, including nearly $3.2 billion for small business authorizations, to support an estimated $16.1 billion of US exports.

With the addition of the LAACOC, EXIM has 46 City/State Partners in 36 states and the Commonwealth of Puerto Rico.

Go back, or read the latest Page Two stories:

OLD DOMINION UNVEILS NEW FACILITY, CHINA SERVICE

LONG BEACH – 08/15/07 – North Carolina-based Old Dominion Freight Line has opened a new service center in Long Beach, California; the opening of the new 47-door Long Beach Service Center coincides with the inauguration of the less-than-truckload carrier’s international transportation service between China and the US.