National ACE’s Statement on EXIM Bank’s Initiatives to Strengthen Supply Chain via a New Financing Tool

National ACE Statement: 

On Thursday, April 14, 2022, the Export Import Bank of the United States (EXIM) voted to approve a new financing tool that would extend support to domestic manufacturing and infrastructure projects that facilitate exports. This financing tool is intended to strengthen supply chains by supporting U.S. companies to produce more domestically, particularly in industries critical to national security.  Key sectors include semiconductors, biotech and biomedical products, renewable energy, and energy storage. 

The initiative includes tailored criteria for small businesses’ project eligibility, in order to facilitate small business owners’ access to this domestic financing. We hope this innovative financing facility will be valuable for small businesses with existing export nexus, as well as motivate non-exporting small businesses to learn more about how they can participate in the export market.   

National Asian/Pacific Islander American Chamber of Commerce and Entrepreneurship (National ACE) looks forward to working with EXIM Bank to fill critical gaps in supply chains and equitably support Asian American and Pacific Islander small businesses and entrepreneurs. 

Learn more about EXIM Bank’s new policy here.