As EXIM joins the nation in celebrating Independence Day, we want to underscore the enhanced value that American-made products provide when U.S. businesses export their goods and services around the world, where 95 percent of consumers live.
"Everybody is buying American these days when they can," said Kathie Leonard, President & CEO of Auburn Manufacturing Inc., which has been exporting with the support of EXIM's Export Credit Insurance since 2009. "Selling a U.S.-made product is extremely important to our customers."
Creating New Financing Opportunities
To help other companies — including small businesses like Auburn Manufacturing — capitalize on that opportunity and increase their competitiveness in the global marketplace, EXIM offers a new domestic financing tool designed to unlock funds and encourage manufacturing in the United States.
The Make More in America Initiative works by making EXIM’s existing medium- and long-term loans, loan guarantees, and insurance available for export-oriented domestic manufacturing projects. This program, which was approved by EXIM’s Board of Directors in 2022, is part of a whole-of-government effort to strengthen America’s supply chains.
"The Make More in America Initiative will create new financing opportunities that spur manufacturing in the United States, support American jobs and boost America’s ability to compete with countries like China,” said EXIM President and Chair Reta Jo Lewis.
EXIM President and Chair Reta Jo Lewis highlights the Make More in America Initiative. You can also view the video here.
Fostering Economic Prosperity
Many American manufacturers — especially small and medium-sized businesses — struggle to obtain the financing they need to compete for global sales. With a mission of supporting American jobs by facilitating U.S. exports, EXIM is ready to assist companies of all sizes and all types with export finance solutions that will help them grow.
The Make More in America Initiative complements EXIM’s current products and services, providing access to capital needed to fill critical supply chain gaps. This new tool, which is open to companies in all sectors, will have particular focus on small business exports as well as exports that are environmentally beneficial or transformational.
In addition, EXIM’s Minority and Women-Owned Business Division (MWOB) works closely with organizations that have a minority trade focus to create opportunities for U.S. companies that are owned by minorities, women, veterans, people with disabilities, and the LGBTQ+ community along with rural and startup businesses.
For more information about the Make More in America Initiative, please contact Domestic.Finance@exim.gov.To find out how EXIM can help your business compete in the global marketplace, schedule a free consultation with a trade finance specialist and launch your export journey today.