Ex-Im Bank outlined at DBC Int’l Committee breakfast

Ex-Im Bank outlined at DBC Int’l Committee breakfast

Douglas Hale, Executive Director US Chamber of
Commerce.

U.S. Chamber Executive Director Douglas Hale described the benefits of The Export Import Bank of the United States before more than 25 local business leaders, gathered at Sergio’s for a Doral Business Council breakfast.

In his presentation, Hale explained the importance of an official import-export credit agency for many export businesses in Doral. Its mission is to assist in financing the export of U.S. goods and services to international markets.

On average, more than 85% of its transactions directly benefit U.S. small businesses, like so many in the Doral area, Hale advised.

While the Bank does not compete with private sector lenders, it takes on risks and assumes credit that private lenders cannot, helping to level the playing field for small to medium-size businesses, he said.

Over an 80-year period, the Bank has supported more than $567 billion of U.S. exports, primarily to develop markets worldwide.

The breakfast meeting, coordinated by International Committee Chair Efrain Sora, of Sora Global Insurance, is one of many educational and informational opportunities the DBC provides its membership.


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About the Author

Gloria Burns
A graduate of the University of Florida with a major in Spanish, Burns has an extensive background in advertising, marketing and reciprocal trade, travel as well as non profit consulting and management. Active in many non profits, she received numerous awards across the community. Among her list of current responsibilities, Burns co-chairs two annual student recognition breakfasts for the Coral Gables Friends of Education; helps coordinate charity partners for the Westin Colonnade's Annual Give Kids the World Breakfast; serves on the board of directors of Doral Business Council; is Parliamentarian and serves on the board of the GFWC Coral Gables Woman’s Club; serves the board of the Rotary Club of Coral Gables and is Publicity Chair; and is a member of the Jr. Orange Bowl Committee. Gloria is also an active member of the Music Ministry at Our Lady of Guadalupe Catholic Church, where she sings in the choir. She can be reached at gloria@communitynewspapers.com

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