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Office of Program Policy Analysis and Government Accountability

Review of the Florida Export Finance Corporation, Report No. 97-59, March 1998
 
Full report in PDF format


  • The Florida Export Finance Corporation (FEFC) has effectively leveraged its resources with those of the private sector and federal government to provide financing assistance to Florida exporters.
  • The FEFC reports that since its inception in 1993, it has supported $308 million in export sales value and over 4,400 jobs. However, the FEFC’s methodology for estimating jobs supported may not be appropriate.
  • Although its customers pose a higher risk than typical bank borrowers, FEFC has not yet suffered a loan default.
  • The FEFC reports that it will become financially self-sufficient in Fiscal Year 1998-99 and will no longer require state funding support.
  • The FEFC needs to improve its performance measurement system to provide better methods for collecting performance information.

Which Government Program Summaries contain related information?

Executive Office of the Governor

What other OPPAGA-related materials are available?

  • Report No. 02-60 Progress Report: Space Financing Corporation Has Addressed OPPAGA Recommendations, published in November 2002.
  • Report No. 01-11 Program Review: Space Financing Corporation Is Still Gearing Up and Needs to Develop a Business Plan, published in February 2001.
  • Report No. 99-55 Progress Report: The Florida Export Finance Corporation Has Improved Its Performance Measurement System, published in June 2000.
  • Report No. 98-32  Review of the Capital Development Board of Enterprise Florida, Inc., published in December 1998.
  • Report No. 96-19 Review of the State-Supported Small Business Loan Program, published in November 1996.

Copies of this report in print or alternate accessible format may be obtained by telephone (850/488-0021), by FAX (850/487-9213), in person, or by mail (OPPAGA Report Production, Claude Pepper Building, Room 312, 111 W. Madison St., Tallahassee, FL 32399-1475).
e-mail address: oppaga@oppaga.fl.gov


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