World Trade Center Utah Named to OPIC's Partners Program
July 10, 2013
(OPIC)
WASHINGTON, D.C. – World Trade Center Utah
was named as the newest member of the Overseas
Private Investment Corporation’s Partners
Program, a public diplomacy initiative designed
to expand knowledge of OPIC’s role as the U.S.
Government’s development finance institution.
The designation was announced in Salt Lake City
at OPIC’s Expanding Horizons seminar for
Utah’s small businesses which was cosponsored
by the WTCUtah.
Through the Partners Program, OPIC works with
selected trade, business and foreign policy
organizations nationwide to increase public
knowledge of OPIC’s work. By utilizing the
resources of geographically-diverse
organizations with different memberships,
information about OPIC is disseminated to a
larger audience. WTCUtah will join the
eighteen other national and regional
organizations which are members of the
program.
“Today’s announcement formally recognizes the
long relationship that has existed between OPIC
and the World Trade Center Utah,” said OPIC’s
Director of Outreach and Public Affairs Dr.
Lawrence Spinelli. “They have served as an
important link with the Utah business community
in helping to share information about OPIC’s
programs and how OPIC can help America’s
businesses compete in the global marketplace.
The World Trade Center Utah will be a great
addition to our Partners Program and I look
forward to building on our strong relationship
in the future.”
“We commend OPIC’s long standing commitment to
success of U.S. businesses overseas and look
forward to our strengthened partnership,” said
Elizabeth Goryunova, Executive VP & COO,
World Trade Center Utah. “No matter what size
business you run, there are international
opportunities that can catalyze your revenue
stream and add jobs. Through partnership with
OPIC, WTCUtah will be able to increase
awareness of Utah companies about those
opportunities, private sector financing,
insurance and support, while emerging markets
all over the world will be able to benefit from
the extensive expertise and solutions offered
by Utah companies.”
Since its establishment in 1971, OPIC has
committed more than $62 million in financing
and political risk insurance to projects
sponsored by companies in Utah, supporting over
200 U.S. jobs and another $57 million in U.S.
exports.
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
$75 billion in U.S. exports and supported more
than 277,000 American jobs.
The mission of WTCUtah is to guide Utah
companies into profitable global markets. WTC
Utah builds Utah’s international community by
offering signature services: Assessment of a
company’s current global position or
international strategy, Education in the form
of seminars and workshops to help develop
global strategy, and Connections through the
World Trade Center network and co-hosted local
events to help in executing global strategy. In
addition, WTCUtah offers customized market
intelligence reports and access to the network
of over 330 World Trade Centers around the
globe that facilitates international trade and
investment.
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