Export-Import Bank of the U.S. Chair Lewis, Director Herrnstadt to Visit BETA Technologies' Electric Aircraft Manufacturing Facility in Vermont
Burlington, Vermont – Export-Import Bank of the United States (EXIM) President and Chair Reta Jo Lewis and Director Owen Herrnstadt will travel to Burlington, Vermont on April 2 to visit BETA Technologies’ Vermont facilities and receive updates on the company’s progress since EXIM’s Board of Directors approved an historic $170 million loan under EXIM’s Make More in America (MMIA) initiative in November.
BETA Technologies, a Burlington-based company which manufactures electric aircraft and charging infrastructure, received the loan to finance a net-zero Final Assembly Production Facility. The transaction is the second deal authorized under EXIM’s Make More in America Initiative and is expected to support hundreds of jobs in Vermont.
While in Vermont, Chair Lewis and Director Herrnstadt will tour facilities and discuss the company’s progress toward manufacturing its all-electric aircraft and workforce development plans since receiving the Make More in America loan. More details to come.
About EXIM:
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Learn more at www.exim.gov.
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