WASHINGTON — John Bakane, chief executive officer of Frontier Spinning Mills, is focused on keeping export financing competitive for the U.S. textile industry in his new role on the advisory committee of the Export-Import Bank of the United States.
Bakane, who has spent 30 years in the textile industry, is well-positioned for his new role on the Ex-Im Bank’s committee, a newly created position for the textile industry stemming from legislation passed last year. In this post Bakane has been tasked with making recommendations on how the bank can serve the industry. His four goals include recommending ways the bank can better promote the financing of textile exports; improving outreach and assistance to small businesses in the textile industry; raising awareness about the bank’s products and services through outreach programs, and improving communication about the bank’s role in financial transactions with a positive environmental impact, such as recycling.
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