ICYMI: Day 90 Without Ex-Im Financing And Job Creators Are Feeling The Pain
Over the weekend, editorial boards and business leaders from across the country continued to call for the immediate reauthorization of the Export-Import (Ex-Im) Bank in order to limit the negative impacts being felt by U.S. exporters. Below, find highlights of how job creators from Illinois, Ohio, and South Carolina are crying out for Congress to renew Ex-Im now.
Learn more about the negative consequences of the Ex-Im lapse on small businesses nationwide through this infographic.
Chicago Sun Times Editorial Board: Ex-Im “Helps U.S. Businesses Export Their Products, Which Means More American Jobs.” “By providing financing for transactions that commercial lenders won’t or can’t touch, the bank helps U.S. businesses export their products, which means more American jobs. It doesn’t cost taxpayers anything — in fact it earned a $675 million profit last year and more than $7 billion over the past two decades. Here in Illinois, it’s helped 322 businesses export $5 billion worth of goods over the last six years.” (Editorial Board, “Save Export-Import https://exportersforexim.org/files/2015/09/bank – and u.s. jobs,” Chicago Sun Times, 9/27/15)
President Of The Leadership Council Southwestern Illinois: Businesses Need “The Export-Import https://exportersforexim.org/files/2015/09/bank to level the playing field with foreign competition.” “The Leadership Council Southwestern Illinois urges reauthorization of the Export-Import https://exportersforexim.org/files/2015/09/bank to give our manufacturers, large and small, every tool possible to compete so that their businesses can grow and create more jobs in the region. southwestern illinois manufacturers that export now, or may export in the future, need a program such as the export-import bank to level the playing field with foreign competition.” (Mike Riley, “Their View: Export-Import https://exportersforexim.org/files/2015/09/bank reauthorization would benefit local manufacturers,” The Telegraph, 9/27/15)
Eighty-Two “Companies In South Carolina Depend On Ex-Im To Compete In The Global Marketplace.” “According to the U.S. Global Leadership Commission: ‘Since 2007, the U.S. Export-Import https://exportersforexim.org/files/2015/09/bank has financed over $3.3 billion in exports from 82 companies in 41 communities in south carolina.’ extrapolate those numbers out by household, adding in spouses of employees and children, and there are tens of thousands of people in south carolina whose livelihoods depend on just ge and boeing alone. ge, boeing and 80 other companies in south carolina depend on ex-im to compete in the global marketplace. that means tens of thousands of south carolinians purchase school supplies, save for retirement and put supper on the table with the assistance of ex-im bank.” (Stephen Aaron, “Build S.C. ‘Firewall’ To Protect Ex-Im Bank,” The Post And Courier, 9/28/15)
Small Businesses Across Ohio Urge Congress To Reauthorize The Export-Import https://exportersforexim.org/files/2015/09/bank. “‘The bank serves an important purpose, especially if you are in the export business,’ said Lutz Richter, vice president and chief financial officer of Dayton Superior. ‘We would very much welcome if the politicians in Washington could agree to a solution to allow the Ex-Im to take on new business again.’ Leah Simoes, owner of Davenport Aviation, a small 10-person firm in Columbus that exports aircraft spare parts, said the bank has ‘really helped us grow our business. We definitely don’t want to see it go away. It’s important for the country and businesses like ours.’” (Jack Torry, “Showdown Looms Over Ex-Im Bank,” Dayton Daily News, 9/26/15)