Ex-Im Bank Annual Conference Highlights U.S. Jobs Created Through Exporting
Washington, D.C. - The Export-Import Bank of the United States concluded its 38th Annual Conference in Washington, D.C on Friday with a keynote address from Vice President Joe Biden. The Vice President, who was introduced by small business owner Jenny Fulton, spoke at length about how exports are critical to maintaining a robust economy and sustaining U.S. job creation and growth.
On Thursday, Ex-Im Bank Chairman Fred P. Hochberg kicked off the conference by highlighting the more than 255,000 America jobs that were sustained by the Bank's record-breaking $38.5 billion in financing last fiscal year.
By growing sales through exports, there are 255,000 families that are supported by good, middle class jobs, said Chairman Hochberg. Our goal at Ex-Im Bank is to ensure that more small- and medium-sized American businesses export, which will keep our economy moving and fuel job creation and growth.
The conference was held April 4 and 5, and more than 1,200 participants from 40 countries were in attendance. Speakers also included Transportation Secretary Ray LaHood, former National Security Advisor General James Jones, Xerox Corporation CEO Ursula Burns, WPP Group CEO Sir Martin Sorrell, and Citibank Chairman Michael O'Neill. A full listing of speakers, panelists, and moderators, including photos, is available on Ex-Im's website: www.exim.gov. Video of the main plenary session speakers and panels will be available on the same site soon.
About Ex-Im Bank:
Ex-Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. Ex-Im Bank's total authorizations are supporting an estimated $50 billion in U.S. export sales.