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More than 200 Export Supply Chain Companies Call on Congressional Leaders to Act on Ex-Im Bank

WASHINGTON, D.C. - Today, U.S. Senator Maria Cantwell (D-WA) announced a letter from more than 200 small businesses and manufacturers in 34 states urging Congressional leaders to reauthorize the

WASHINGTON, D.C. – Today, U.S. Senator Maria Cantwell (D-WA) announced a letter from more than 200 small businesses and manufacturers in 34 states urging Congressional leaders to reauthorize the Export-Import Bank or risk hurting companies that make up the supply chain for some of the nation’s larger exporters.
“The Export-Import Bank is absolutely essential to our companies,” the letter said. “While many of us don’t access the Bank’s services directly, our customers do. We sell goods and services of all kinds to American businesses that rely on the Export-Import Bank to sell their products abroad.”
“Recent reports on the uncertainty of the Bank’s future may have already impacted sales, which can negatively impact our bottom line. Our customers need the certainty of export credit to successfully pursue many of their commercial sales abroad.”
Cantwell announced the letter during a speech on the U.S. Senate floor to emphasize the potential harm to small businesses and manufacturers if Congress fails to reauthorize the Export-Import Bank before its charter expires Sept. 30. The Export-Import Bank is the export credit agency for the United States, and it finances or insures the purchase of U.S. goods by foreign customers.
Video of Cantwell’s floor speech is available here.
As the letter points out, large companies rely on small and mid-sized businesses to supply parts and services for products that are sold to customers overseas. Five of the nation’s largest Export-Import Bank customers – Boeing, General Electric, Case New Holland, Siemens Power Corporation and Bechtel – work with a supply chain of 33,000 small and mid-size companies spread out across every state, according to a 2011 study by the Center for Employment through Exports.
“There are thousands of companies across the United States that are part of the supply chain,” Cantwell said in a speech on the Senate floor. “Behind every 777 or Caterpillar tractor, there are thousands of workers who are working every day to refine their product, stay competitive, and retrain and refocus, to make sure we build the very best products in the United States and that we’re competing on a global basis.”
“We’re here to say that making sure we reauthorize this program is critically important to small businesses, manufacturers, and suppliers throughout the United States,” Cantwell said.
About 90 percent of the Export-Import Bank’s transactions directly involve small businesses.
The Export-Import Bank is self-supported through interest payments and fees, turning a profit for the U.S. taxpayer. In 2013, the bank transferred $1 billion to the U.S. Treasury. Nationwide, it has supported $233 billion in exports since 2007.
Cantwell has led the charge on the bank’s reauthorization and been among its most vocal supporters. In 2012, Cantwell introduced a bipartisan amendment to reauthorize the Export-Import Bank, and joined local businesses in Spokane, Yakima, Moses Lake and Everett to call for reauthorization.
Below is text from the letter and a list of the companies that signed it. A copy of the letter can be found here.
The Honorable John A. Boehner The Honorable Nancy Pelosi
Speaker Minority Leader
U.S. House of Representatives U.S. House of Representatives
H-232, Capitol Building H-204, Capitol Building
Washington, DC 20515 Washington, DC 20515
The Honorable Harry Reid The Honorable Mitch McConnell
Majority Leader Minority Leader
U.S. Senate U.S. Senate
S-221, Capitol Building S-230 Capitol Building
Washington, DC 20510 Washington, DC 20510
Dear Speaker Boehner, Leader Reid, Leader Pelosi and Leader McConnell:
We are writing today to ask you to reauthorize the Export-Import Bank without further delay. The Export-Import Bank is absolutely essential to our companies. While many of us don’t access the Bank’s services directly, our customers do. We sell goods and services of all kinds to American businesses that rely on the Export-Import Bank to sell their products abroad.
Recent reports on the uncertainty of the Bank’s future may have already impacted sales, which can negatively impact our bottom line. Our customers need the certainty of export credit to successfully pursue many of their commercial sales abroad. The ongoing defense budget uncertainty compounds this threat for many of our companies with commercial and defense customers.
Reauthorizing the Export-Import Bank should not be a partisan political game. Until recently, it never has been. In fact, the Bank has been reauthorized more than a dozen times, and recently it was reauthorized with broad bipartisan support. Reauthorizing the Export-Import Bank also helps reduce the deficit. The Bank earns money on its fees and interest, and last year returned over one billion dollars to the U.S. Treasury. It is time for Congress to schedule a vote, and reauthorize the bank.
More than 95 percent of the world’s consumers live abroad. We need our customers to have the ability to sell to those consumers. If they do, many of our businesses will grow, allowing us to hire more employees and re-invest in our economy. If they no longer have the Bank’s support, it is our foreign competitors who will reap the benefits of greater exports.
We urge you to reauthorize the Export-Import Bank immediately, helping to reduce our deficit, provide certainty to our economy, and invest in America’s middle class.
Advanced Welding Technologies, LLC
Wichita, KS
Aero-Flex Corp.
Jupiter, FL
Aero-Plastics Inc.
Renton, WA
Aerospace Fabrications of GA
Dallas, GA
Aerospace Futures Alliance of Washington
Kent, WA
Air Industries Group
Aircraft Maintenance & Support
Anaheim, CA
Airready MRO Services Inc.
Melbourne, AR
Alarin Aircraft Hinge, Inc.
Liberty Lake, WA
American Aerospace Controls, Inc.
Farmingdale, NY
Amerisips of the Carolina’s
Charleston, SC
Amphenol APCBT
Nashua, NH
Andrews Tool Co., Inc
Pantego, TX
Arizona Industrial Hardware
Chandler, AZ
Arthur J. Gallagher & Co.
Cincinnati, OH
Aviation Partners Boeing
Aviation Technical Services
Everett, WA
B/E Aerospace, Inc. Consumables Management
Tulsa, OK
Bedard Machine Inc.
Brea, CA
Boise Inc.
Boise, ID
Bradham Consulting, LLC
Midlothian, VA
Brogdon Machine Inc.
Blue Springs, MO
Buyken Metal Products, Inc
Cascade Columbia Distribution
Seattle, WA
Central Sales & Service, Inc.
Waverly, TN
Certified Inspection Service Co., Inc.
Phoenix, AZ
San Marcos, TX
Chapel Steel
Portland, OR
Sedro Woolley, WA
Clark Manufacturing, Inc.
Wellington, KS
North Las Vegas, NV
CO Maintenance
South Jordan, UT
Coalition Solutions Integrated (CSI)
Columbus Jack Corporation
Columbus, OH
Commercial Aircraft Painting Services LLC
Portland, OR
Consolidated Truck & Caster Co.
Saint Louis, MO
Council for U.S.-Russia Relations
Seattle, WA
CPI Aerostructures
Crace, Inc,
Bellevue, WA
Cv International
Bend, OR
D&S Septic Tank and Sewer Service Inc.
Pacific, MO
David Mann Lean Consulting
Grand Rapids, MI
Davis Door Service, Inc.
Seattle, WA
Delva Tool and Machine Corporation
Cinnaminson, NJ
Denezol Tool Co., Inc
Salem, Or
DESE Research Inc.
Huntsville, AL
The Woodlands, TX
Diamond Machine Works
Distribution International SW, Inc.
Houston, TX
Diversified Industrial Services
Mukilteo, WA
Dyer Company
Lancaster, PA
E-SUV LLC/ DBA E-Ride Industries
Princeton, MN
E.D. Powerco
Lake Elsinore, CA
East Coast Electronics & Data
Rockaway, NJ
EffectiveUI, Inc
Denver, CO
El-Co Machine Products,Inc.
Inglewood, CA
Mukilteo, WA
Elite Tool LLC
Moscow Mills, MO
Elk Creek Lumber Co.
Wilkesboro, NC
Ellwood Group
Irvine, PA
Esterline TechnologiesBellevue, WA
Eustis Co., Inc.
Mukilteo, WA
Rockford, IL
Exelis Inc.
McLean, VA
Exotic Metals
Kent, WA
Fabrisonic LLC
Columbus, OH
Farwest Aircraft Inc.
Edgewood, WA
Ferguson Enterprises, Inc.
le, WA
Flanagan Industries
Glastonbury, CT
FlightSafety International
Broken Arrow, OK
Fluid Engineering Associates
Port Ludlow, WA
Fluid Mechanics Valve Company
Houston, TX
Frank V Radomski & Sons, Inc.
Colmar, PA
Frontier Electronic Systems Corp.
Stillwater, OK
Gary Jet Center, Inc.
Gary, IN
Gasline Mechanical Inc.
Gastineau Log Homes, Inc.
New Bloomfield, MO
Global Consulting & Investments, Inc.
Issaquah, WA
Global Machine Works, Inc.
Global Trade Insurance
GM Nameplate
Seattle, WA
Growth Nation
Scottsdale, AZ
Hapeman Electronics Inc.
Mercer, PA
Harris Group
Seattle, WA
Henkel Corporation
Bay Point, CA
Herndon Products
O’Fallon, MO
Hexagon Metrology, Inc.
North Kingstown, RI
Hirschler Manufacturing Inc.
HITCO Carbon Composites
Gardena, CA
Hobart Machined Products, Inc.
Hobart, WA
Hermann, MO
Horizon Distributing
Yakima, WA
Houston International Trade Development Council, Inc.
Hubbs Machine & Manufacturing, Inc.
Cedar Hill, MO
Hughes Bros. Aircrafters, Inc.
South Gate, CA
Hurricane Electronics, Inc.
Pompano Beach, FL
HVAC R Services LLC
Auburn, WA
Kent, WA
IHS Inc.
Englewood, CO
Illinois Chamber of Commerce
North Charleston, SC
Independent Machine Company
Gladstone, MI
Industrial Sales & Mfg., Inc.
Erie, PA
Industrial Supplies Company
Trevose, PA
Iridium Communications
Tempe, AZ
J. Maxime Roy, Inc.
Lafayette, LA
Janicki Industries
Sedro Woolley, WA
Jet Systems, Inc
Wilbur, WA
JWD Machine
Fife, WA
Kaas Tailored
Kemeny Associates LLC dba Middleton Research
Middleton, WI
Kenmore Air
Kenmore, WA
Kratos Defense & Security Solutions, Inc.
Lancaster, PA
Kubco Industrial Equipment, Inc.
Houston, TX
Lamsco West Inc.
Santa Clarita, CA
LKD Aerospace
Snoqualmie, WA
LMI Aerospace
St. Charles, MO
Lockheed Martin
Chelmsford, MA
LORD Corporation
Cary, NC
Luma Technologies, LLC
Bellevue, WA
Magna Tool Inc
Cypress, CA
Maney Aircraft, Inc.
Ontario, CA
Marketech International, Inc.
Port Townsend, WA
Master CNC, Inc
Washington Twp, MI
Maverick Enterprises
Monroe, NC
Meyer Tool Inc.
MFCP Inc – Fluid Connector Products
Portland, OR
MGL Energy, LLC
Destin, FL
Micro-Coax, Inc.
Pottstown, PA
Microsemi Corporation
Millitech, Inc.
NaviTrade Structured Finance LLC
Barrington, IL
Neenah Enterprises, Inc
Neenah, WI
NewAgeSys, Inc
Princeton Junction, NJ
North Star Aerospace, Inc
Auburn, WA
NovaComp Engineering, Inc.
Bothell, WA
Object Computing, Inc. (OCI)
St. Louis, MO
Seattle, WA
Olympic Tool & Machine Corp.
Aston, PA
Onboard Systems
Vancouver, WA
Orbit International Corp.
Hauppauge, NY
Auburn, WA
Pacific Consolidated Industries LLC
Riverside, CA
Pape Material Handling
Seattle, WA
Irvine, CA
Philips Screw Company
PhoenixMart LLC
Scottsdale, AZ
Pioneer Aerofab Corp.
Pioneer Human Services
PM Testing
Fife, WA
ProTek Models, LLC.
Rancho Cucamonga, CA
Allentown, PA
R & S Machining, Inc.
St. Louis, MO
R&B Electronics, Inc.
Sault Ste. Marie, MI
Robert Schneider & Associates, Inc
Kankakee, IL
Russell Investments
Seattle, WA
S & S Welding
Kent, WA
SEA Wire and Cable, Inc.
Service Steel Aerospace
Sigmatex High Technology Fabrics
Benicia, CA
Silicon Designs, Inc.
Kirkland, WA
Silicon Forest Electronics
Vancouver, WA
SKF Aerospace
Indianapolis, IN
Skills Inc.
Auburn, WA
Sound Machine Services, LLC.
Suquamish, WA
Spirit AeroSystems
Wichita, KS
Tempe, AZ
Steel-Fab, Inc.
Arlington, WA
Sunshine Metals Inc.
Wichita, KS
System Heating and Air Conditioning Co. Inc.
Seattle, WA
System Integrators LLC
Glendale, AZ
Tech Manufacturing, LLC
Wright City, MO
Technical Aero, LLC
Telephonics Corporation
Farmingdale, NY
Telepress, Inc.
Kent, WA
The Complete Line LLC
Redmond, WA
The Entwistle Company
Hudson, MA
The Graeber Group Ltd
Kirkland, WA
The Industrial Controls Company
Sussex, WI
The Rockford Agency, Inc.
Manhattan Beach, CA
Thick Film Technologies, Inc.
Everett, WA
Titan Spring Inc.
Hayden, ID
Toray Composites America, Inc.
Tacoma, WA
Trade Acceptance Group, Ltd.
Edina, MN
Transmet Corporation
TRICOR Systems Inc.
Triumph Actuation Systems – Valencia
Valencia, CA
Triumph Composite Systems
Spokane, WA
TSI Incorporated
TTF Aerospace
Auburn, WA
UEC Electronics
Hanahan, SC
Umbra Cuscinetti Inc.
Everett, WA
United Risk Consultants
Dallas, TX
US Aluminum Casting, LLC
Entiat, WA
Valley Machine Shop Inc.
Kent, WA
Ventower Industries
Verde Wood International
Carrboro, NC
Vosky Precision Machining Corp.
Ronkonkoma, NY
Wallquest Inc.
Wayne, PA
Welded Tubes, Inc.
Orwell, OH
Wheeler Industries, Inc.
North Charleston, SC
Will-Mor Manufacturing, Inc.
Seabrook, NH
Wood Group Mustang Inc.
Houston, TX
Wulbern-Koval Co.
Charleston, SC
Zodiac Aerospace
Zyxaxis Inc.
Wichita, KS
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