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Hello, I’m Fred Hochberg, President and Chairman of the Board, of the Export-Import
Bank of the United States. We just closed the books of the fourth consecutive record
breaking year. This year we supported 255 Thousand jobs across the country and almost
1 million jobs over the past four years. We did this by providing more than $35 Billion
dollars in export finance; up 9%percent from the year before; and about 2 ½ times more
than in 2008. And I’m proud to say that we did it all at no cost to the American tax
payer, delivering a net $1.1 Billion dollars to the Treasury this year alone.
Here at Ex-Im, we continue to open new markets through financing, and help U.S. Exporters
seize new opportunities. We’ve seen impressive growth this year, in Asia; and in particular
the Mid-East was our fastest growing region. We’ve seen a $9 ½ billion dollars increase
in exposure from the previous year. We are providing strong support for manufacturing
of all types. In 2012, we approved $11 billion dollars in financing for manufacturing, our
second largest sector behind aircraft. Topping the list is American Made Satellites, their
up 5 folds since 2008. Now that get a lot of the headlines, but small business is essential
to our success at Ex-Im. Our support for Small Business has almost doubled since 2008. Our
financing for Women and Minority Owned Small Businesses led the way this year, up almost
17% from 2011: a new record.
How do we do that? We do that by providing government at the speed of business. This
past year 90% of all transactions were processed within 30 days and 98% were processed within
100 days, and were working to do even better. This past year has made me more optimistic
than ever about American Exporters. The “Made in the USA” Brand has never been stronger,
working with more and more American companies to sell more products to more customers around
the world. That’s how we are supporting jobs here at home.
I encourage you to read the report and learn how Ex-Im Bank can you and your company grow
your business and increase jobs here at home. Thanks for joining me!