Office of Program Policy Analysis and Government Accountability
Office of Program Policy Analysis and Government Accountability

Review of the Florida Export Finance Corporation

Report 97-59, March 1998




Report Summary

  • 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.


Related Reports
  1. Progress Report: Space Financing Corporation Has Addressed OPPAGA Recommendations
    Report 02-60 November 2002
  2. Space Financing Corporation Is Still Gearing Up and Needs to Develop a Business Plan
    Report 01-11 February 2001
  3. Progress Report: The Florida Export Finance Corporation Has Improved Its Performance Measurement System
    Report 99-55 June 2000
  4. Review of the Capital Development Board of Enterprise Florida, Inc.
    Report 98-32 December 1998
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
Copies of this report in print or alternate accessible format may be obtained by email OPPAGA@oppaga.fl.gov, telephone (850) 488-0021, or mail 111 W. Madison St., Room 312 Tallahassee, FL 32399-1475.
economic development, labor