July 12, 2013

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Article

World Trade Center Utah Joins OPIC Partners Program

Press Release

July 12, 2013

Salt Lake City — www.wtcutah.com%2F&esheet=50668094&newsitemid=20130710006448&lan=en-US&anchor=World+Trade+Center+Utah&index=1&md5=4e8506c994bd28baa278f3080e68f503">World Trade Center Utah has been named the newest member of thewww.opic.gov%2F&esheet=50668094&newsitemid=20130710006448&lan=en-US&anchor=Overseas+Private+Investment+Corporation&index=2&md5=873ff8da0168f4634e16f3ee796b9bf8"> Overseas Private Investment Corporation’s Partners Program, a public diplomacy initiative designed to expand knowledge of OPIC’s role as the U.S. Government’s development finance institution. The designation was announced in Salt Lake City at OPIC’s Expanding Horizons seminar for Utah’s small businesses which was cosponsored by the WTCUtah.

Through thewww.opic.gov%2Fwho-we-are%2Fopic-partners-program&esheet=50668094&newsitemid=20130710006448&lan=en-US&anchor=Partners+Program&index=3&md5=e4d2b001bf4a64f8238130d54126a949"> Partners Program, OPIC works with selected trade, business and foreign policy organizations nationwide to increase public knowledge of OPIC’s work. By using the resources of geographically-diverse organizations with different memberships, information about OPIC is disseminated to a larger audience. WTCUtah will join the eighteen other national and regional organizations that are members of the program.

“Today’s announcement formally recognizes the long relationship that has existed between OPIC and the World Trade Center Utah,” said OPIC’s director of outreach and public affairs, Lawrence Spinelli. “They have served as an important link with the Utah business community in helping to share information about OPIC’s programs and how OPIC can help America’s businesses compete in the global marketplace.”

“We commend OPIC’s long standing commitment to success of U.S. businesses overseas and look forward to our strengthened partnership,” said Elizabeth Goryunova, executive vice president and COO of the World Trade Center Utah. “Through partnership with OPIC, WTCUtah will be able to increase awareness of Utah companies about those opportunities, private sector financing, insurance and support, while emerging markets all over the world will be able to benefit from the extensive expertise and solutions offered by Utah companies.”

Since its establishment in 1971, OPIC has committed more than $62 million in financing and political risk insurance to projects sponsored by companies in Utah, supporting over 200 U.S. jobs and another $57 million in U.S. exports.

OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical development challenges and in doing so, advances U.S. foreign policy. Established as an agency of the U.S. Government in 1971, OPIC operates on a self-sustaining basis at no net cost to American taxpayers. OPIC services are available for new and expanding business enterprises in more than 150 countries worldwide. To date, OPIC has supported more than $200 billion of investment in over 4,000 projects, generated an estimated $75 billion in U.S. exports and supported more than 277,000 American jobs.

 

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