The U.S. Export-Import Bank on Monday opened its newest regional export finance center in Detroit.
This is the latest opening of four planned regional export finance centers by Ex-Im Bank in its effort to help local businesses improve their export sales and create jobs.
The new regional office is located at the U.S. Export Assistance Center in downtown Detroit and will provide enhanced access to Ex-Im Bank services. The bank opened its first regional center in Minneapolis and similar centers in Seattle and Atlanta.
“Ex-Im Bank authorized more than $500 million to Michigan businesses in FY 12 and we want to do even more. In order to compete globally, American companies need to expand their reach and enter more international markets,” said Ex-Im Bank Chairman and President Fred P. Hochberg in a statement. “This new office will help Michigan exporters do exactly that.”