North Carolina's Small Business & Technology Development Center to Participate in OPIC Seminar

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August 2, 2017

WASHINGTON – The Overseas Private Investment Corporation (OPIC) announced today that the North Carolina Small Business & Technology Development Center  (SBTDC) will participate in the Expanding Horizon’s seminar on September 12 in Charlotte at the Omni Charlotte Hotel. Since 2006, this unique outreach program has held over 40 events throughout the United States and educated more than 4,500 American small businesses about the resources available from OPIC to help them compete in the global marketplace.

SBTDC is a member of OPIC’s Partners Program, a public diplomacy initiative designed to expand knowledge of OPIC’s role as the U.S. Government’s development finance institution. Through the Partners Program, OPIC works with selected trade, business and foreign policy organizations nationwide to increase public knowledge of OPIC’s work. By utilizing the resources of geographically-diverse organizations with different memberships, information about OPIC is disseminated to a larger audience.

“Together, OPIC and SBTDC will stimulate business development amongst North Carolina’s small business community by informing them of the tools available to support their entrance into emerging markets,” said OPIC Director of Outreach Dr. Lawrence Spinelli. “As a vital informational resource for local companies looking to expand, the SBTDC will serve as an ideal point of contact for businesses which could benefit from OPIC’s products and services. OPIC is uniquely positioned to enable North Carolina small and medium size businesses to make the most of investment opportunities in high-growth developing markets."

We assist North Carolina small businesses with staying competitive and profitable by expanding their customer base and market share to include foreign buyers. OPIC provides financial products, such as loans and guaranties; political risk insurance; and support for investment funds, all of which can help small businesses expand into emerging markets,” said SBTDC.

Since 1971, OPIC has helped U.S. businesses of all sizes expand in emerging markets, and is open for business in more than 160 countries. OPIC has supported nearly $200 billion of investments and operates on a self-sustaining basis at no cost to American taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States. To date, OPIC has provided $1.1 billion in support to North Carolina businesses investing in emerging markets, ranging from agriculture to energy to infrastructure.

The Small Business and Technology Development Center (SBTDC) is North Carolina’s leading resource for growing and developing businesses. Since 1984, the SBTDC has helped over 100,000 North Carolina business owners and prospective entrepreneurs make better decisions – often leading to increased revenue and employment.

The SBTDC’s International Business Development (IBD) program assists small and mid-sized businesses with exporting and managing the business side of exporting. IBD counselors are highly trained and experienced Certified Global Business Professionals (CGBP). Their goal is to increase the number of mid-sized businesses that are exporting and to assist existing small business exporters in expanding their foreign market sales.

More information about the seminar and registration is available at www.opicevents.com.

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The Overseas Private Investment Corporation (OPIC) is a self-sustaining U.S. Government agency that helps American businesses invest in emerging markets. Established in 1971, OPIC provides businesses with the tools to manage the risks associated with foreign direct investment, fosters economic development in emerging market countries, and advances U.S. foreign policy and national security priorities. OPIC helps American businesses gain footholds in new markets, catalyzes new revenues and contributes to jobs and growth opportunities both at home and abroad. OPIC fulfills its mission by providing businesses with financing, political risk insurance, advocacy and by partnering with private equity investment fund managers.

OPIC services are available to new and expanding businesses planning to invest in more than 160 countries worldwide. Because OPIC charges market-based fees for its products, it operates on a self-sustaining basis at no net cost to taxpayers. All OPIC projects must adhere to best international practices and cannot cause job loss in the United States.

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