Iowa small businesses to benefit from export-import programs
Iowa's state and local nonprofit economic development organizations now will have access to a national export-import bank
The Iowa Small Business Development Center has begun to work with the Export-Import Bank of the United States' City/State Partners program.The partnership is expected to accelerate export growth and job growth in the stateby promoting Export-Import Bank products and services within the state's 15 regional centers and an international trade center in Ames, the Iowa center said Wednesday.
The partnership will provide small and medium-sized businesses with free marketing and training materials, qualified financial experts to speak at events and assistance with outreach and counseling.
The Export-Import Bank will also offer Iowa companies access to products such as its Global Credit Express, which helps exporters acquire working capital of up to $500,000, and Express Insurance, which gives small businesses access to export credit risk insurance on foreign accounts receivable.
The Export-Import Bank is an independent federal agency designed to fill gaps in private export financing. Its partnership with the Iowa SBDC on the City/State Partners program is the first of its kind in the state.
For more information on the City/State Partners program, click here.