Home Add to Favorite Contact Submit  
           17 January, 2021


    
Category:  Press » Business

 

U.S. Small-Business Rice Exports Sustain Jobs at Home

Popularity:
         Views: 1738
2007-06-30 07:57:23     
Export-Import Bank of the United States

The Rice Company, a small business in Roseville, Calif., with offices in several southern states, is sustaining U.S. jobs and creating work for U.S. farmers, rice storage elevators and barge companies by exporting about 50,000 tons of rice to Mexico, backed by the Export-Import Bank of the United States (Ex-Im Bank).

Ex-Im Bank's Board of Directors approved a short-term insurance policy to cover a $15 million revolving credit facility which Wells Fargo HSBC Trade Bank, Houston, Tex., is offering the Mexican buyer, Industrializadora de Productos Agricolas de la Cuenca del Papaloapan S.A. de C.V. (IPACPA), to buy rice from The Rice Company and other U.S. suppliers around the country.

"This sale creates work not only for our company but for all of the people involved, including the rice growers in the Mississippi Delta, the people who truck the rice, put it in barges and storage elevators, unload it in New Orleans, and transfer it from the barge to the shipping vessel," said The Rice Company President and CEO Jay Kapila. "Ex-Im Bank's insurance enables us to provide customers with the financing facilities to buy the rice."

"Ex-Im Bank is pleased to support jobs in the U.S. agriculture sector by facilitating the sale of U.S.-grown commodities to overseas markets," said Ex- Im Bank Chairman and President James H. Lambright. "Providing this support is of special significance when we can help a small business, such as the Rice Company, grow by expanding international sales."

The Rice Company, with about 70 employees, trades 2 million tons of rice a year to Central and South America, the Caribbean and Europe. IPACPA of Veracruz, Mexico, which has a long-standing relationship with Ex-Im Bank, is buying the rice for processing and distribution to its customer base in Mexico. Ex-Im Bank's Houston Regional Office introduced IPACPA to the Wells Fargo HSBC Trade Bank in 2003.

Ex-Im Bank, the official export-credit agency of the United States, is in its 73rd year of assisting in the financing of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export- credit insurance and direct loans. In fiscal year 2006, Ex-Im Bank authorized more than $12.1 billion, including nearly $3.2 billion for small business authorizations, to support an estimated $16.1 billion of U.S. exports. For more information, visit http://www.exim.go

Specialized in: Ex-im - Exim - Export-import Bank - Export-import Bank Of The United States - Export Credits - Export Credit - Export Insurance - Export Finance - Project Finance - Project Financing - Export Credit Agency - Credit Insurance - Government Export Support - Export Credits Guarantee - Trade Finance
URL: http://www.exim.gov
Print press release      Bookmark this page
Related Press releases 
Texas Benefits Consultant Releases Employee Benefits Compliance Checklist (Popularity: ): Dallas, Texas ( press.abc-directory.com ) March 20, 2020 - A Texas benefit consultant at Benefit Corp recently created an employee benefits compliance checklist for 2020. As these regulations change frequently, it's important to stay up to date on the latest changes in order to remain compliant and avoid paying penalties.Large companies will need to take note of several changes. They must offer minimum essential coverage that is affordable and meets ...
Paradise Pools and Spas New Jersey launches a beautiful new website. (Popularity: ): Brick Township, New Jersey (abc-directory) July 1, 2019 - Paradise Pools and Spas New Jersey is proud to announce the launch of a new company website. "My team and I have a passion for designing and building beautiful backyard swimming pools that meet the expectations our customers demand," according to Stephen Mikulak, the company's President.The new website, which is mobile responsive, provides detailed information on the company's full line of ...
Production Insurance Brokers Explain Short Term Production Insurance (Popularity: ): Los Angeles, California ( press.abc-directory.com ) April 10, 2019 - The production insurance brokers at MFE Insurance recently released a blog post explaining the importance of short term production insurance. This type of insurance can help filmmakers in the production industry protect their work, crew, and finances.Short term production insurance is available on a per-project basis and is ideal for producers who are only occasionally work. It can be used ...
Future Electronics Has Latest RSL10 BLE Wireless SIP from ON Semiconductor (Popularity: ): Montreal, Canada (press.abc-directory) January 25, 2019 - Future Electronics, a global leading distributor of electronic components, is pleased to offer their customers the latest RSL10 Bluetooth SIP from ON Semiconductor.The RSL10 SIP is a complete Bluetooth® Low Energy wireless system-in-package including a 2.4GHz radio transceiver, antenna and passive components. This is the easiest way to implement the industry's lowest-power Bluetooth 5 Low Energy technology in wireless communication applications.About Future ElectronicsFuture ...
Little Spoon Announces Referral Program for Organic Baby Food Delivery (Popularity: ): San Francisco, CA ( press.abc-directory.com ) December 10, 2018 - New York City based best baby food delivery service, Little Spoon now offers referral discounts to clients who recommend their service to friends and family. To know how the program works, users have to log in to their Little Spoon account and click on the ‘Free Babyblends’ tab to follow the detailed instructions.“At Little Spoon, we’ve been helping young moms ...

Press release home snapshot 


Related Business 
Ake Rice Mill Co Ltd (Popularity: ): Thailand rice processor. Includes information about Thai rice prices, Jasmine rice, and exports.
Zamzama Corporation (Popularity: ): Zamzama Corporation is a rice export company, supplying rice to valued customers all over the world. The Pakistan is the 3rd largest RICE producing and exporter country in the world, and exports are going to all over the world and as you know well that Pakistani Basmati rice are world No.1 best quality rice because of aroma, taste and texture.
Aggarwal Rice General Mills (Popularity: ): Aggarwal Rice General Mills - a brand name in rice manufacturer, trader and supplier in India, is a well-established company engaged in the manufacturing & trading of quality rice & range of rice like aromatic rice. With uncompromising endeavor towards customer satisfaction, we process good quality of Rice, Basmati Rice like aromatic rice and Non-Basmati Rice by following the ethical business practices in competitive prices.
Home Internet Business Jobs (Popularity: ): Home Internet Business Jobs wants inform you that in today's world we are experiencing a paradigm shift. It seems like just yesterday we were hearing about someone retiring from the military after 20 years. We all must admit that times have changed along with the economy. People are leaving their jobs for better opportunities. Unfortunately, some are being replaced or let go because of the chaotic economy. I have also ...
Basmati Rice Supplier India (Popularity: ): Dunar Foods Ltd. is a well-known Manufacturer, Supplier and Exporter of quality Basmati Rice. For being more than five decades in the business, the company has created a name of trust among the buyers and dealers worldwide. We offer an extensive variety of Basmati Rice which includes, Traditional Basmati Rice, Brown Basmati Rice, Extra Long Grain Basmati Rice, Pusa Basmati Rice.
Find Jobs in Dubai and Jobs Abu Dhabi (Popularity: ): Job seekers guide to Jobs in Dubai, Abu Dhabi Jobs, Jobs Saudi Arabia, Jobs in Egypt, Stay Home Mom Jobs, Jobs in Qatar and Work Home Jobs Moms.
Om Sri Exports: Rice Exports In Tamilnadu (Popularity: ): Om Sri Exports which is one of the leading exporters in Rajapalayam, Tamil Nadu, India - is a most prominent "Merchant Exporter & Contract Manufacture" dealing in varies commodities across the globe. The products supplied by us are contractually manufactured with care from the reliable source of market.
Basmati Rice Exporters Punjab (Popularity: ): Sunways Trading is one of the largest exporter & supplier of a variety of rice based in Punjab, offering a wide range of highest quality basmati rice and ponni rice which includes pusa basmati rice, sharbati basmati rice, ranbir 370 basmati rice and so on. We have very strong network of buyers and sellers worldwide and believe in maintaining smooth and long term business relationship with our partners.
Business Bounce (Popularity: ): Business Bounce is your reliable, trusted source for the working capital you need to sustain, grow, enrich and enhance your business. As a small business owner you experience the ups and downs that simply come with the territory.
Work At Home Jobs (Popularity: ): Are you looking for work from home opportunities? The online resource for work at home and home based business. Work At Home Jobs provides resources for starting a home based business, work from home jobs, work at home ideas and opportunities.