Ex-Im Bank
CEE Commentary

The Coalition for Employment through Exports (CEE) responds to conservative attacks upon the critical role that Ex-Im Bank plays in supporting exports and U.S. jobs.

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Exporter Profiles

Small businesses and mid-market companies depend on Ex-Im Bank financing programs to enable them to expand, create and support more U.S. jobs.

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ECA Competition

Export Credit Agencies (ECAs) facilitate and support a country’s exports. As competitor ECAs become larger, more proactive and aggressive, U.S. companies lose out.

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Shutdown Impact

If the Ex-Im Bank is not reauthorized, hundreds of thousands of jobs will be lost and U.S. companies will seek more supportive business climates abroad.

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Speaker Boehner, the Ex-Im Bank Reauthorization is in Your Hands Now

With Speaker Boehner having announced his retirement from Congress at the end of October, he has an opportunity to clean up the Ex-Im Bank reauthorization debacle and save thousands of American jobs, including possibly many in his own Ohio district.

Thousands of small and medium sized exporters are struggling mightily to stay competitive with the June 30th cessation of critical Ex-Im guarantees that enable financial institutions around the country to provide competitive financing.

Larger exporters are stunned by the reality that their government would fail to ensure the survival of a critical source of competitive financing. In sorting through alternative courses of action, they will likely find the alternatives to come down to either the relocation of U.S. jobs overseas or the replacement of job growth in the U.S. with job growth in countries where their governments will more willingly provide export financing support. Speaker Boehner has the best chance to prevent this catastrophe from taking place.

Speaker Boehner understands the implications of a long-term shutdown of the Bank. The question is whether he can fashion a way forward in the next four weeks before his retirement to get a Bank reauthorization enacted. There is a clear majority in the House in favor of the reauthorization; but there must be an opportunity given them by the Speaker to have that vote..

We must remain confident he will come through for the sake of working Americans and critical American jobs.

GE Announces Plan to Build World Class Gas Engine Facility in Canada; Move Products from Wisconsin and Other Sites
GE Power & Water plans to stop manufacturing gas engines in Waukesha, Wisconsin and open a new facility to build engines in Canada. The new facility will also have back-up capacity to manufacture diesel engine components for GE Transportation. GE currently employs 350 at its manufacturing facility in Waukesha, building gas engines for compression, mechanical drive and power generation applications.

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