Export-Import Bank of the United States Board of Directors Approves Eighth Make More in America Initiative Transaction
Washington, D.C. – Today, the Export-Import Bank of the United States (EXIM) Board of Directors approved a $16 million direct loan to New York-based Empire State Mines, marking the eighth Make More in America (MMIA) transaction.
“I am proud that the Board approved our eighth Make More in America transaction,” said Acting President and Chairman James Cruse. “This deal underscores EXIM’s commitment to strengthening U.S. supply chains, competing with the People’s Republic of China, and supporting good-paying American jobs.”
The financing from this transaction supports the procurement of zinc mining equipment and updating infrastructure for Empire State Mines, further advancing the goals of EXIM’s China and Transformational Exports Program. Zinc, a critical mineral used in a range of transportation and infrastructure applications, plays a significant role in supporting the economic and national security of the U.S. This transaction will strengthen the critical mineral supply chain and enhance U.S. competitiveness with the People’s Republic of China, which are shared Bank and Administration priorities.
The transaction is expected to support an estimated 10 full-time and 22 temporary jobs in Gouverneur, New York.
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.
###