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IMPORTANT: As of July 1st, 2011, functions once performed by the Wisconsin Department of Commerce have been moved to other state agencies and the Wisconsin Economic Development Corporation. The former Commerce web site will continue to exist for the next several months as resources are moved to new web site locations. We will make every attempt possible to direct our users to the new locations as web resources are moved.
Bureau of Export Development
PO Box 7970
Madison, WI 53707-7970
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Vol.
8 #6, July 2009
New Ex-Im Bank President
 On
May, 2009, Fred P. Hochberg was sworn-in as the 23rd president of the
Export-Import Bank of the United States (Ex-Im Bank), the official
export credit agency of the United States. President Obama
nominated Mr. Hochberg to the position in April and the Senate
confirmed his nomination on May 14, 2009, for a term ending on January
20, 2013.
"I want Ex-Im Bank to be an organization known for its embrace of
innovation, an organization that takes prudent risks and provides
exceptional service to its customers," Mr. Hochberg told staff
following an informal swearing-in ceremony. "American exporters
and the workers they employ need and deserve our best efforts to help
keep export sales flowing to foreign buyers, especially during these
challenging economic times."
Mr. Hochberg has more than 30 years of experience in business,
government and philanthropy. From 2004 to 2008 he was dean of
Milano The New School for Management and Urban Policy. From 1998
through 2001 he served as deputy, then acting administrator of the
Small Business Administration, where he helped to lead an enhancement
of customer service and substantially increased lending to minority and
women small-business owners.
A native of the greater New York metropolitan area, Mr. Hochberg
received a Bachelor of Arts degree from New York University and a
Masters of Business Administration degree from Columbia University.
Ex-Im Bank is the official export-credit agency of the United States.
The independent, self-sustaining federal agency, now in its 75th year,
helps create and maintain U.S. jobs by financing the sale of U.S.
exports, primarily to emerging markets throughout the world, by
providing loan guarantees, export-credit insurance and direct loans. In
fiscal year 2008, Ex-Im Bank authorized US$14.4 billion in financing to
support an estimated US$19.6 billion of U.S. exports worldwide.
Of nearly 2,328 transactions, 86% directly benefited small-business
exporters.
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