Van Andel Global Trade Center (VAGTC), a City-State Partner of the Export-Import Bank of the United States (Ex-Im Bank) since 2005, connects Michigan exporters with access to information and assistance on the export finance programs of Ex-Im Bank.
Ex-Im Bank has been in operation for over seventy years, as an independent U.S. government agency that helps finance the sale of U.S. exports, primarily to emerging markets throughout the world by providing loans, guarantees and insurance.
As an Ex-Im Bank City/State Partner, VAGTC is here to help local businesses learn about and apply for a range of Ex-Im Bank financing products, including short-term export-credit insurance to mitigate the risk of foreign buyer nonpayment, loan guarantees to increase export- related working capital and medium-term financing for foreign buyers. Among its other services, the center also offers global trade education and training, market analysis and assistance in developing export strategies.
In MICHIGAN, the Export-Import Bank has supported 70 communities, 119 companies and financed a total of $2.13 billion in exports over the last five years.
View photos from a Global Access Exporters Forum held in Grand Rapids MI in 2011, with Fred P. Hochberg, Chairman & President of Export-Import Bank.
U.S-Export Import Bank released its annual competitiveness report in June 2013 covering the time period of financing which occurred between January to December 2012. Most notably Chairman and President, Fred P. Hochberg the report mentioned success of