News and Events

Kentucky District Export Council Annual Meeting

The annual meeting of the Kentucky District Export Council, met on January 27th at the University of Louisville Louis D. Brandeis School of Law. Peggy Pauley (Director, US Commercial Service) presented Certificates of appointment from the Secretary of Commerce at to attending members. From left to right, Kelly Watkins (President, Expressive Concepts), Lars Smiths (U of L Brandeis School of Law) Campbell Barnum (Vice President, Global Business Development at DD Williamson), Robert Brown (Lynch Cox Gilman & Goodman), Peggy Pauley (Director, US Commercial Service Export Assistance Center in Louisville – International Trade Administration US Department of Commerce), Sally Lawler (President / Valley Vista Ski Products), Brian French (International Banking Manager at Stock Yards Bank & Trust) and Kenneth Parson (with Windstream). Other members of the board located in various locations across the state joined the meeting via conference call.


KDEC Roundtable Discussion with EXIM Chair Kimberly Reed and Rep. Andy Barr (R-KY 6th District).

In front: Rep. Andy Barr (R-KY 6th District), US Export-Import Bank President and Chairman Kimberly Reed, and KDEC Chair Robert Brown

Why We Need US Ex-Im Bank

Helps US companies export

  • Provides financing for US exports
    • Export Credit Insurance: assigns foreign receivables to US lenders
    • Working Capital Guarantee: covers standby letters of credit
    • Term Financing for goods and related services
  • Financing may be too expensive in overseas markets. For instance, in Argentina local borrowing costs are about 60%. US Ex-Im Bank can provide financing at 8.5%
  • Can finance up to 95% of export value for credit insurance
  • Gives US exporters longer period to repay – up to 18 years for term financing
  • Even the smallest companies can benefit from Ex-Im Bank support. No company or deal is too small.

 


 

National Association of District Council recently joined with NASBITE International to provide DECs, and outstanding exporters across the country, with a corporate pathway that will allow them to earn the Certified Global Business Professional (CGBP) designation. In this initiative, NADEC is recognizing the CGBP as a designation that sets a high standard for professional knowledge in the field. The CGBP designation encompasses knowledge in Global Business Management, Global Marketing, Supply Chain Management, Trade Finance, Legal and Regulatory Compliance, Intercultural Awareness, Technology and Trade-related Resources. NADEC will therefore offer a special education package to DEC members, and to outstanding exporters that are nominated by them, to help the professionals in these organizations achieve this prestigious designation. For more information about the program visit – nasbite.net