Florida Export Finance Corporation in Miami Named EXIM 2021 REPP of the Year
September 23, 2021
(Ex-Im Bank)
State Trade-Finance Organization Referred 18 Small Businesses to EXIM, Resulting
in $400,000 of EXIM Support in 2020
WASHINGTON –Today, the Export-Import Bank of the United States (EXIM) again
awarded a state trade-finance organization, the Florida Export Finance
Corporation (FEFC), headquartered in Miami, Florida, as EXIM’s 2021 REPP
of the Year. EXIM’s Regional Export Promotion Program, known as REPP, enlists
state and local organizations as members to enable EXIM to reach more
companies—especially small businesses—and help them achieve greater success
in export markets. EXIM presented the award during EXIM’s 2021 Annual
Conference held virtually September 21-23.
FEFC—a third-time winner of EXIM’s REPP of the Year award—is a longtime
member of EXIM’s REPP program and is one of the most active in recent years.
In FY 2020, FEFC referred 18 small businesses to EXIM, which resulted in
authorizations totaling $400,000. FEFC’s strong commitment to providing export
assistance for small business owners is one of the keys to the organization’s
success.
“EXIM strives to directly reach as many U.S. small business exporters as
possible, but local trade organizations often have greater knowledge of their
markets and companies, and their business relationships are very effective,”
said EXIM Business Development Officer Aerek Stephens, who presented the award
to FEFC. “We are grateful to have the opportunity to work with the Florida
Export Finance Corporation and other REPP members that provide invaluable local
assistance to EXIM’s customers. We look forward to a bright future continuing
to work together to enable more small businesses to grow and add jobs by
expanding their exports.”
“EXIM’s assistance gives Florida’s small-to-medium-sized enterprises that
are exporting the opportunity to realize the entrepreneurship dream. Small
manufacturers in our state benefit from EXIM’s risk mitigation programs like
no other. Extending credit terms to foreign buyers is important to small
businesses, but their knowing that they will get paid and eliminating the burden
of uncertainty from their daily business activities is even more important.
Without it, export growth would be limited,” said FEFC President and CEO Daisy
Ramos.
The Florida Export Finance Corporation or FEFC was created by the state of
Florida in 1993 as a not-for-profit corporation with a mandate to expand
employment and income opportunities to Florida residents by increased exports of
goods and services. The organization also connects Florida exporters with EXIM
and the U.S. Small Business Administration.
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