Bill Cummins, Executive State Director of UA’s Alabama Small Business Development Center Network (ASBDC), has been appointed to serve on the Advisory Committee of the US Export Import Bank of the United States (EXIM Bank). The EXIM Advisory Committee, as required by the U.S. Congress, advises EXIM on its programs and, in particular, on the extent to which the agency provides competitive financing to support American jobs through exports.
The Alabama SBDC program, and in particular the Alabama International Trade Center (AITC), have a long history of working with EXIM Bank. In fact, the AITC was named as EXIM’s “Regional Export Promotion Partner of the Year” in 2016. Both ASBDC and AITC are part of UA’s Office for Research & Economic Development, and operate in alignment with UA’s strategic goal to increase activities that impact economic and societal development. While helping to fulfill the University’s service mission, these programs also enhance the University’s designation by Carnegie as a community-engaged institution. Last year, these programs created over 2,000 jobs, helped over 200 companies start, and facilitated $97 million in growth financing (both domestic and export) in Alabama’s small business community. Additionally, these programs provide valuable internships – with real-world experience – to dozens of UA students each year.
Prior to joining UA in 2011, Cummins achieved three decades of success in commercial banking, having served a distinguished career in international trade finance with banks in the Southeastern United States. Most recently, he was Vice President and Executive Director for Global Trade Services for JPMorgan Chase Bank. Bill was elected to the Steering Committee of the National District Export Council (NDEC) in 2015, serving as the NDEC Trade Policy Co-Chair, where he emphasized educational initiatives regarding trade policy and small business exporters. He formulated and deployed a strategic initiative for the organization’s trade advocacy efforts for the re-authorization of EXIM Bank. In 2016, Bill was appointed to the U. S. Department of Commerce’s Trade Finance Advisory Council (TFAC), where he led several work groups to formulate recommendations for the USDOC concerning small business and exporting. Topics included export surety bonding, the role of state government in export development and finance, and a proposal for the collaboration with the Federal Reserve Bank on the annual small business credit survey. Bill was elected to the national Board of Directors of America’s Small Business Development Centers where he served on its Leadership Committee and the SBDC International Trade Committee. He currently serves as the vice chair of Alabama’s District Export Council.
ABOUT ALABAMA SBDC Network
The Alabama Small Business Development Center network is a statewide, inter-institutional program to enhance economic growth in Alabama by providing management and technical assistance to small businesses. Professional Business Advisors are available in 10 Small Business Development Centers (SBDC) located at our member university partners across the state. ASBDC is hosted by the University of Alabama’s Office for Research & Economic Development, funded in part by a cooperative agreement with the US Small Business Administration, and nationally accredited by the Association of Small Business Development Centers. ASBDC members include SBDCs at Alabama State University, Auburn University, Jacksonville State University, Troy University, University of Alabama, University of Alabama in Huntsville, University of North Alabama, and University of West Alabama.
Press Release from EXIM Bank:
ABOUT EX-IM BANK:
EXIM is an independent federal agency that supports and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S. goods and services abroad. Almost ninety percent of its transactions directly serve American small businesses.
In fiscal year 2015, EXIM approved $12.4 billion in total authorizations. These authorizations supported an estimated $17 billion in U.S. export sales, as well as approximately 109,000 American jobs in communities across the country.