The Export-Import Bank of the United States and the International Trade Center at the University of Texas at San Antonio have signed an agreement that should give small businesses more tools to succeed in the international marketplace.
The agreement makes the trade center the latest city-state partner with the bank. Those partners form a network of nonprofit economic development organizations that help small businesses take advantage of export opportunities.
“We look forward to cultivating our relationship with UTSA's International Trade Center and serving as another resource for Texas small-business exporters,” said Fred Hochberg, the bank's chairman and president.
In fiscal year 2011, the bank authorized more than $4 billion to help more than 200 Texas businesses with export activities. About 12 percent of that total supported small businesses, but the bank has expanded its small-business outreach activities over the last year.
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