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On Tuesday and Wednesday, the U.S. Chamber of Commerce, the National Association of Manufacturers and the Exporters for Ex-Im Coalition will host nearly 1,000 small companies and suppliers for a fly-in to Washington, D.C. These small business owners’ goal is to share with members of Congress their personal stories about the key role the U.S. Export-Import Bank (Ex-Im) plays in supporting jobs in their local community.
Ex-Im is operating on a short-term extension of its charter, which expires on June 30, 2015. Small businesses are stepping up their advocacy to show Congress that with just over 100 days left until the bank shuts down, it is critical that Congress act now to approve a long-term reauthorization to give the companies the certainty they need to export.
Among those coming to Washington:
NOW Health Group, Inc., Bloomingdale, Illinois: “Nearly 35 jobs at NOW International are directly supported by the sales through Ex-Im Bank.”
Acme Manufacturing Company, Auburn Hills, Michigan: “Without Ex-Im, I estimate our sales would fall by between 20-35%, and so would our workforce. If the government is able to help U.S. companies at no cost to the taxpayer, what exactly is the downside?”
ProGauge Technologies, Inc., Bakersfield, California: “Without Ex-Im, Wells Fargo would make us put up 100% collateral, and we would have no money available for operations. Nobody is going to take the place of Ex-Im.”
Patton Electronics Co., Gaithersburg, Maryland: “As the president of a small company, I can tell you firsthand about the important role Ex-Im plays.”
OptiLedge LLC, Newnan, Georgia: “Ex-Im lets us export to markets that we otherwise could not. With support from Ex-Im, exports have risen to around 20% of OptiLedge’s sales.”
Team Askin Technologies, Inc., Fairfax, Virginia: “The only way we are going to export is with the backing of the Ex-Im Bank. It is a must. We have to have it.”
Air Tractor, Olney, Texas: “Our company, Air Tractor, has manufactured agriculture aircraft in the West Texas town of Olney for more than 40 years, and we export our products to scores of countries on six continents. The Ex-Im Bank is critical to our business and our ability to create and sustain jobs.”
Davenport Aviation, Columbus, Ohio: “Our business needs, uses, and has had great success with Ex-Im Bank. It’s necessary for small business.”
TOMAD International, Inc., Zionsville, Indiana: “Without Ex-Im, Tomad would have to go back to cash-in-advance for new customers and restrict credit for existing customer base. I strongly urge members of Congress to openly support reauthorization of the Ex-Im Bank.”
Find out more infomation on how the Export-Import Bank supports job creation across America from GE's Ideas Lab: