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Part-time Miamian Hochberg looks to double exports as chair of the US Export-Import Bank under Obama
Though rumors swirled that newly elected President Obama would nominate him for commerce secretary, Fred Hochberg, Small Business Administration head under President Clinton, was instead tapped to lead the Export-Import Bank of the United States, the government's export credit agency.
Mr. Hochberg and the bank are just one force in the president's multi-front war on the sagging economy. One of the president's goals, Mr. Hochberg said, is to double US exports in five years.
While the bank has launched a handful of new products and a touring educational program to reach out to potential partner banks and small businesses, much of his first year in office has been dedicated to staffing and setting a vision.
"A lot of my time in the first six months was working on the vision, articulating it, communicating it to the staff and to our customers so we can start executing it," Mr. Hochberg said.
That vision, he continued, is to find more companies to export more goods to the world's emerging markets.
Mr. Hochberg, a Miami Beach homeowner in town for the weekend, discussed his goals with Staff Writer Zachary S. Fagenson.
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