What International Trade Agreements Mean for Your Business
The resources below will introduce you to the two trade agreements currently under negotiation and connect you to resources your business can use to help you take advantage of the opportunities that can come from doing businesses internationally. Read more: Download Business Forward’s Overview of the Ongoing Trade Negotiations Read more: Download Business Forward’s Two-Pager on…
FDR would have supported international trade agreement
Image via North Country Public Radio Evoking the venerated president’s history promoting trade diplomacy, Georgetown professor and former White House International Economic Affairs Director Steve Glickman argues Congress should support an international trade agreement currently under negotiation with Japan and 10 other countries in the Asia-Pacific region. Let’s not forget that America has a long…
Export-Import Bank Supports 160,000 Jobs
The Export-Import Bank has finished another fiscal year providing needed financial support to American exporters. The Bank provided over $5 billion in financing to small business exports, with the total authorized coming close to $21 billion. These transactions supported approximately 164,000 jobs. The Export-Import Bank is a federal agency that supports and maintains jobs by…
The Ex-Im Bank Just Gave $675 Million to Taxpayers
The Export-Import Bank reported last week that it returned $675 million to the Treasury Department. The news comes weeks after Congress decided to temporarily reauthorize the Bank’s charter until the end of June 2015, a move met with rare opposition for the Bank as some on Congress sought to close it. The Bank operates on…
Op/Ed: The Ex-Im Bank; Too important to fail
Originally published in The Hill When you think of a global business, you might not think of one whose single location is in Olney, Texas, a rural town located 100 miles west of Fort Worth with three traffic lights and a Dairy Queen. But in fact, our company, Air Tractor, exports products to more than 25…
Congress Gives Export-Import Bank Temporary Lifeline
Congress has temporarily reauthorized the Export-Import Bank by passing a continuing resolution that included a provision extending the Bank’s charter to the end of June 2015. The bill now heads to the White House for the President’s signature. By passing the CR before October 1, Congress avoided both a government shutdown and closing the Export-Import…
Op/Ed: Ex-Im Bank is big ally for small business
Michael Cavanaugh is co-owner and executive vice president of Floratine Products Group in Collierville. This op-ed was originally published in The Commercial Appeal. As a local business owner, my goals are similar to those of other small-business owners, chief among them ensuring we can grow our business and provide steady paychecks for our employees. Floratine, which…
U.S. Exports Support 11.3 Million Jobs and Growing, New Reports Show
Two new reports from the Commerce Department show just how important exports are to job creation and economic growth. Yesterday, Secretary of Commerce Penny Pritzker, U.S. Trade Representative Michael Froman, and Columbus Mayor Michael Coleman held a press conference in conjunction with the release of new geographic data on export-related jobs. Exports contributed to almost…
What You Need to Know About the Ex-Im Bank
When Congress returns from their August recess, they will have two weeks to decide the fate of the Export-Import Bank. The bank’s authorization expires on October 1, and without action from Congress before then, it will shut down, putting American exporters at a competitive disadvantage. What is the Ex-Im Bank? The Export-Import (Ex-Im) Bank is…
What does the Ex-Im Bank have to do with Africa? Everything.
This week’s U.S. Africa Leader’s Summit highlighted the importance of increasing the presence of U.S. businesses abroad and the need to reauthorize the Export-Import Bank this fall. One of the challenges U.S. businesses face in Africa is obtaining financing partners—commercial banks may be unwilling to take on that level of risk. The Ex-Im Bank provides…