More financial and informational tools to help small companies grow global businesses will be available through a new agreement between the Export-Import Bank of the U.S. (EXIM) and Duquesne’s Small Business Development Center (SBDC).
The new agreement will be celebrated on Tuesday, Nov. 8, in Rockwell Hall. The SBDC will be promoting and training local businesses on EXIM’s programs to provide financial support and risk reduction for export transactions. The EXIM Bank assumes commercial and political risks of buyer non-payment.
“Businesses, particularly small ones, traditionally have been unfamiliar with EXIM’s wide array of lending products and opportunities,” said Dr. Mary McKinney, SBDC director. “EXIM can be an active partner with businesses to help them secure export orders and comfortably offer credit terms to the foreign buyer that are backed up by EXIM’s export credit insurance.”
Additionally, EXIM offers lending programs to support foreign buyers’ purchases of capital goods from U.S. firms.
The SBDC will promote and offer training, support and advocacy of these EXIM programs that enable small businesses to access growing foreign markets.
“Duquesne SBDC’s Global Business Program assists businesses in overcoming trade hurdles and we are delighted to now have a closer partnership with EXIM Bank, which should bring this financing to more local businesses,” McKinney said.
Grants Received [August 26, 2015]
Funds totaling $160,000 were awarded to the Bayer School of Natural and Environmental Sciences and the School of Education.
DU in the News [August 2015]
News coverage highlighting Duquesne’s experts and initiatives.
Grants Received [August 19, 2015]
Funds totaling $29,100 were awarded to the Mary Pappert School of Music and the Small Business Development Center (SBDC).
- Grants Received [August 26, 2015]
New Crowdfunding, Urban Plunge Initiatives Boost Cross-Cultural Missions
While Spring Break provides an opportunity for students to vacation or stay home for relaxation, 65 Duquesne students and staff will take this time to embark on Cross-Cultural Mission Experiences (CCME) that will impact six different areas in the country.
- New Crowdfunding, Urban Plunge Initiatives Boost Cross-Cultural Missions