Mother's Day Edition: Small Business Cozy Cocoon Exports Baby Products to Mothers around the World
Company of 8 was able to add 2 more positions thanks to Export-Import Bank financing
WASHINGTON, May 7, 2015 /PRNewswire-USNewswire/ -- In honor of Mother's Day, the Export-Import Bank of the United States (EXIM Bank) is recognizing woman-owned small business Cozy Cocoon for their adorable exports of infant clothing and accessories to mothers around the world.
Cozy Cocoon, based in Bellmore, N.Y., was founded in 1997 by a mother of three who simply wanted to calm her crying six-week-old baby niece, and was able to do so by creating her very first baby cocoon. Since then, the company has been manufacturing baby swaddling products crafted from soft stretchy U.S –made cotton, including baby bunting sets, blankets, toddler dresses and skirts. As they expand, they continue to source more local fabric and trims, along with local equipment and machines.
Since utilizing EXIM Bank's Express Insurance, which helps small businesses expand into new foreign markets, add new buyers, provide payment risk protection and extend competitive credit terms to foreign buyers, the company's export sales have increased by 20 percent in just one year and they are currently looking to hire two new employees as a result.
"EXIM Bank's wide range of financial products give innovative small businesses like Cozy Cocoon the confidence to enter new markets and reach customers around the world with their made-in-America goods," said EXIM Bank Chairman and President Fred P. Hochberg. "We are proud to be able to help America's small businesses grow and have a chance to compete in the global market place."
"Working with EXIM bank has allowed us to attract more international clients by allowing us to offer them more competitive terms," explained Cozy Cocoon Operations Manager Franco DeLisa. "We've been able to attract additional clients in our target markets as a direct result of using EXIM services."
Small business exporters can learn about how EXIM Bank products can empower them to increase foreign sales by clicking here. For more information about EXIM, visit www.exim.gov.
ABOUT EX-IM BANK:
EXIM Bank 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. Ninety percent of its transactions directly serve American small businesses.
In fiscal year 2014, EXIM approved $20.5 billion in total authorizations. These authorizations supported an estimated $27.5 billion in U.S. export sales, as well as approximately 164,000 American jobs in communities across the country.
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SOURCE Export-Import Bank of the United States
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