Building Bridges With Ex-Im Bank
Acrow Bridge designs – Parsippany, New Jersey
Acrow Bridge designs, manufactures and supplies large, steel bridges strong enough for a convoy of tanks to drive over.
In fact, United States military tanks have been doing just that in Afghanistan to help American troops move safely and effortlessly throughout the country.
Paul Sullivan, Director of International Business Development, is proud of Acrow Bridge’s commitment to our men and women serving in the military.
The Parsippany, New Jersey-based company employs approximately 200 people, and the high quality and efficiency offered by its Milton, Pennsylvania manufacturing facility has helped the company expand quickly overseas.
Mr. Sullivan remarked that, despite its state-of-the-art manufacturing capabilities and dedicated team, Acrow Bridge’s future success in the international market depends on its ability to compete on a level-playing field with foreign companies, and this is simply not possible without the help of the U.S. Export-Import Bank.
Acrow Bridge has done so well that the U.S. Commerce Department awarded the company its top award in 2011 for selling high quality products abroad.
But the company’s sales -and employees- would be dramatically affected if the Ex-Im Bank isn’t reauthorized by the end of September.
Acrow is just one of the hundreds of small and mid-sized firms around the country that rely on the Ex-Im Bank. The Ex-Im Bank has supported 1.2 million jobs in the United States in the last five years.
Mr. Sullivan said he doesn’t understand why some people would want to close the bank.
“We’re talking about a significant number of jobs on the line,” he said.
He rejects complaints that the bank takes too much risk. He said the amount of due diligence the Ex-Im Bank performs before approving a transaction is “extraordinary,” and demonstrates how professional and responsible the Bank is in protecting taxpayer money while honoring the Bank’s important mandate in supporting U.S. exports.
Acrow sells bridges all over the world and often times in developing countries, such as those within Africa, that need infrastructure to facilitate sustainable economic development.
He said he wants the Ex-Im Bank reauthorized so the company can continue to grow and hire.
“Our future is dictated by our success in the international arena,” he said. “A pull back now would severely impact our international business and jeopardize thousands of American jobs in the manufacturing sector.”