U.S. Secretary of Commerce Penny Pritzker presented Finacity Corporation (“Finacity”) with the President’s “E” Award for Export Service at a ceremony in Washington, DC. The President’s “E” Award is the highest recognition any U.S. entity may receive for making a significant contribution to the expansion of U.S. exports.
U.S. Commerce Secretary Penny Pritzker stated: “Finacity has demonstrated a sustained commitment to export expansion. The ‘E’ Awards Committee was very impressed with Finacity's innovation in developing unique export financing options. The company's ability to provide additional security and reduced risk for export receivables was also particularly notable. Finacity's achievements have undoubtedly contributed to national export expansion efforts that support the U.S. economy and create American jobs.”
“Today’s announcement is a testament to the outstanding work being done by Finacity,” said U.S. Senator Chris Murphy. “The President’s ‘E’ Award is among the highest honors that any U.S. company can receive, and the team at Finacity should be proud of all they have done to help grow the economy, enhance Connecticut communities, and give the United States a more competitive edge in the global marketplace. Connecticut is lucky to be the home of such an accomplished and respected company – congratulations!”
“Finacity is deeply honored to receive this Presidential Award and we will continue to strive to deliver the highest level of trade finance services to our various global constituents,” said Adrian Katz, CEO of Finacity.
In 1961, President Kennedy signed an executive order reviving the World War II “E” symbol of excellence to honor and provide recognition to persons, firms, or organizations which contribute significantly in the effort to increase United States exports. All nominations are reviewed by the “E” Award Committee, which is chaired by the Department of Commerce, and includes representatives of ExIm Bank, the Small Business Administration, and the Departments of Agriculture, Labor, State, and Transportation.
U.S. exports of goods and services hit an all-time record of $2.34 trillion in 2014, accounting for 13.4 percent of U.S. GDP, compared to 7.5 percent 30 years ago.
Finacity specializes in the structuring and provision of efficient capital markets receivables funding programs, servicing, and bond administration. Finacity currently facilitates the financing and administration of an annual volume of receivables of approximately US $100 billion. With resources in the USA, Europe and Latin America, Finacity conducts business throughout the world with obligors in 165 countries. For further information, please visit www.finacity.com.
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