ExIm Approves Domestic Project

The US Export-Import Bank Board of Directors has approved a $51 million direct loan to small business Packwell, Incorporated to support the construction of a packaging and warehousing facility in Houston.

This transaction, approved yesterday, is the third under the Make More in America initiative. The transaction is estimated to support approximately 320 jobs in Houston.

“Our financing will play a key role in allowing this small business to grow and expand through exporting, supporting good paying jobs in the process. We are proud of the work we have accomplished so far under the Make More in America initiative and remain committed to supporting US manufacturers and bolstering our supply chains,” said ExIm President and Chair Reta Jo Lewis.

The Make More in America initiative is a tool designed to unlock financing for American manufacturing, strengthen America’s global competitiveness, close critical supply chain gaps and support American jobs. It makes the Bank’s existing medium- and long-term loans and loan guarantees available for export-oriented domestic manufacturing projects as part of the Administration’s whole-of-government efforts to strengthen the resiliency and security of America’s supply chains.