Great news for the state of Iowa!
The U.S. Export-Import Bank (EX-Im Bank) entered its first marketing partnership in Iowa on Tuesday, September 3rd with Iowa Small Business Development Centers (SBDC). This partnership will not only give access to information about the bank’s resources to exporters in all 99 counties of Iowa, but it also ensures more accessible export finance programs to small and midsized businesses. The U.S. exported $189.4 Billion in goods and services this past July, just shy of June’s all-time record high according to the Bureau of Economic Analysis (BEA) of the U.S. Commerce Department. Through this partnership, Iowa’s small and midsized businesses will continue to help our nation’s economy strive.
“Ex-Im Bank has a lot to offer Iowa businesses that want to reach customers overseas and grow their export sales, and this partnership will put Ex-Im’s financing benefits within easy reach,” said Ex-Im Bank Chairman and President Fred P. Hochberg. “Owners of small and medium-size businesses already use Iowa SBDC’s International Trade Center; now they will find Ex-Im Bank resources in the same place. This new connection will support increased sales and job growth in Iowa.”
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Exports are a critical component of our nation’s economic success, and we at Scarbrough look forward to seeing more ‘Made in the USA’ labels on shelves around the world.