Tag: Ex-Im Bank

NAM Hosts Shopfloor Event on Heels of Senate Ex-Im Vote

Today the National Association of Manufacturers (NAM) hosted a Shopfloor briefing for congressional staff about the need to reauthorize the U.S. Export-Import (Ex-Im) Bank, a critical tool for U.S. exporters. The briefing comes after a late-night vote in the U.S. Senate on an amendment to reauthorize the Ex-Im Bank through FY2019, which was attached to a highway funding bill. Now that the Senate has passed an Ex-Im reauthorization with broad support, all eyes turn to the House of Representatives to do the same.

Shopfloor Ex Im

U.S. Representative Chris Collins (R-NY) addresses the importance of Ex-Im reauthorization during a Shopfloor briefing on Capitol Hill Tuesday morning.

U.S. Representative Chris Collins (R-NY), who spent 36 years as a small business owner, gave remarks that emphasized the importance of the Ex-Im Bank to U.S. small businesses. Rep. Collins knows firsthand the value of exports to small businesses and their employees.

Despite bipartisan support in both the House and Senate for Ex-Im reauthorization, Congress allowed the Ex-Im Bank’s charter to lapse on June 30 for the first time in its history. As a result, companies like International Green Structures (IGS) are unable to move forward with new projects. IGS is a small manufacturer of environmentally sustainable materials used to make a variety of structures including affordable houses for low income populations in developing countries. David Kralik, a member of IGS’s finance team, said during today’s Shopfloor event that his company is in a “holding pattern” until the Bank is reauthorized because it needs Ex-Im Bank support for a contract in Nigeria. Learn more about IGS’s Ex-Im story by clicking here.

Trade policy experts also participating on today’s panel included Matthew Ekberg, Vice President of International Policy for the Bankers Association for Finance and Trade; Howard Schweitzer, Managing Partner at Cozen O’Connor Public Strategies; and Georgette P. Sierra, Vice President of Government Affairs at the Financial Services Roundtable. These panelists provided insight into the public-private partnership between private-sector lenders and the Ex-Im Bank, the growing role of foreign export credit agencies (ECAs) and the important role that the Ex-Im Bank plays in mitigating risk for exporters and lenders. If Congress fails to reauthorize the Bank before it begins the August recess, U.S. businesses and the jobs they create will continue to be at a competitive disadvantage.

Right now, more than 60 foreign export credit agencies ECAs across the globe help support their respective domestic industries. The nine largest ECAs of our allies and competitors–Brazil, Canada, China, France, Germany, Japan, Mexico, South Korea and the United Kingdom–provide nearly half a trillion dollars in annual export support, putting manufacturers in the United States at a deep disadvantage in competing for sales overseas. As our foreign competitors continue to expand into new markets and grow jobs in their own economies, Congress has forced U.S. manufacturers to forfeit opportunities and sit on the sidelines.

The Ex-Im Bank is a critical export tool for U.S. manufacturers and helps businesses of all sizes compete in the global marketplace. Learn more about the impact the Ex-Im Bank has on manufacturers of all sizes by clicking here.

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


NAM Continues Executive Insights Series in Cleveland

The NAM’s Jay Timmons joined leading manufacturing CEOs from Sherwin-Williams, Marlin Steel and Goodyear Tire and Rubber Company in Cleveland yesterday as part of the NAM’s Executive Insights series. Panelists discussed the importance of advancing policies and regulations to support manufacturing, and in turn, create jobs and grow the economy in Ohio and across the United States.

Manufacturers’ contribution to the U.S. economy has steadily risen since 2009, reaching $2.09 trillion in 2014. In Ohio alone, manufacturing output was $99.83 billion in 2013, directly employing 682,600 jobs in the state in 2014. However, we need the right public policy and tools to keep America growing –to promote free and fair trade, diverse energy options, immigration reform, tax, health care and legal reform, and improved infrastructure. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Small- and Medium-Sized Ex-Im Users Head to White House

A group of small- and medium-sized business owners joined President Obama at the White House Wednesday in a private meeting to share their stories about how the U.S. Export-Import (Ex-Im) Bank has helped their companies grow, compete in the global marketplace and support jobs in their respective communities.   Among attendees were Love & Quiches Gourmet, Air Tractor and Manhasset Specialty Company. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Manufacturers Call on Congress to Support Ex-Im Reauthorization

Manufacturers spoke out this morning in support of the U.S. Export-Import (Ex-Im) Bank, with more than 1,000 businesses and organizations calling on Congress to move on a long-term reauthorization before Ex-Im Bank’s current charter expires on June 30. A few of those companies also appeared at a news conference with NAM President Jay Timmons, urging lawmakers to take up a long-term reauthorization. Executives from Vermeer CorporationSpecial Products & MFG. and Click Bond, Inc. joined several House Republican Congressmen to explain how small and medium-sized businesses can grow and expand because of exports supported by Ex-Im Bank financing. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Small Business Manufacturers Testify on Benefits of Trade

Manufacturers celebrated this week the annual “World Trade Week,” reaffirming the importance of trade to economic opportunities and job growth. The House Small Business Committee highlighted the impact of trade on small businesses with a hearing on Wednesday. NAM Board member and Power Curbers, Inc. President and CEO Dyke Messinger testified on the hearing panel, pressing for congressional passage of Trade Promotion Authority (TPA) and a long-term reauthorization of the Ex-Im Bank to help level the playing field for manufacturers in the United States. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Tens of Thousands of Jobs Depend on Ex-Im Bank Renewal

As Congress continues to debate the future of Ex-Im Bank, it’s clear that a bipartisan majority supports its reauthorization. Over the past few weeks, various Congressional leaders have expressed their support for reauthorization. Today, House Speaker John Boehner (R-OH) said the expiration of the Ex-Im Bank could cost “thousands of jobs.”  Manufacturers agree and we urge Congress to move quickly to schedule a vote on a long-term reauthorization of Ex-Im Bank. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Lawmakers Agree: Ex-Im Has Enough Support To Pass

People might say bipartisanship is missing in the nation’s capital, but you wouldn’t know it if you paid attention to the Export-Import Bank’s annual conference this week in Washington, DC.

Lawmakers and former lawmakers from both parties made clear their support for the Ex-Im Bank, the small agency that facilitates the sale of U.S.-made products abroad. Here’s a brief overview of their comments on Ex-Im: (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Small Businesses Shine At Ex-Im Annual Conference

As Congress debates whether to reauthorize the U.S. Export-Import Bank, small businesses are telling the story of how they’ve utilized Ex-Im Bank to grow exports and add jobs. Some of these small businesses earned a lot of applause today, as the Ex-Im Bank Annual Conference kicks off in Washington, DC.

Among the companies celebrated were fire truck maker W.S. Darley & Co., cheesecake company Love & Quiches Gourmet, and Texas-based Fritz-Pak Corp. These companies have tapped Ex-Im Bank financing to sell their products abroad. (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Long Term Reauthorization of Ex-Im Bank is Critical for Manufacturers

Today, manufacturers and small businesses from across the country were in our nation’s capital to fight for a critical component of our national economic policy: the Export-Import Bank (Ex-Im). More than 650 individuals paid their own way to come to Washington, D.C. to educate and inform our leaders in Congress about the role the Ex-Im Bank plays in ensuring American manufacturers can compete overseas on a level playing field.

(continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


Three Trade Keys to Unlock Growth in Manufacturing and Higher-Paying Jobs

As the Senate Finance and House Ways and Means Committees hold hearings today on “President Obama’s 2015 Trade Agenda,” manufacturers in the United States are emphasizing three key elements of a pro-manufacturing U.S. trade policy that will help unlock growth in manufacturing in the United States and the higher-paying jobs that manufacturing produces – opening global markets, increasing global competitiveness and leveling the playing field.  through strong enforcement:

First it is critical to start with opening global markets as U.S. exporters face higher barriers in foreign markets than most of the rest of the world. According to the World Economic Forum’s “Global Trade Enabling Report 2014,” the United States faces higher tariffs for its exports than all but eight of the 138 countries reviewed, including China, Mexico, Canada and every member state in the European Union. To level the playing field and improve manufacturers’ ability to reach the 95 percent of consumers – who control more than 70 percent of global purchasing power – that are outside are borders, manufacturers are urging: (continue reading…)

VN:F [1.9.22_1171]
Rating: 0.0/5 (0 votes cast)


A Manufacturing Blog

  • Categories

  • Connect With Manufacturers

            
  • Blogroll