Alliance supports reauthorization of the Export-Import Bank of the United States
One of the Alliance’s 2019 policy objectives is to increase exports from Waukesha County and southeastern Wisconsin. In just the last five years, the EXIM Bank has helped nearly a dozen of our members export their products overseas. Learn more about EXIM here.
Below is our letter of support.
September 11, 2019
Senator Ron Johnson
219 Washington Avenue
Oshkosh, WI 54901
Dear Senator Johnson,
I write to express the support of the Waukesha County Business Alliance for S. 2293, the Export-Import Bank Reauthorization Act of 2019.
As I’m sure you are aware, the EXIM Bank serves a vital role in helping to foster exports for U.S. companies – including many in Wisconsin – looking to expand their sales overseas. Nationally, the Bank has supported over 1.7 million American jobs over the last decade and helped move $290 billion in exports since 2008.
In addition to the national impact, here in Wisconsin we are seeing the benefit as well. Between October of 2008 and September of 2018, the EXIM Bank assisted in moving more than $5 billion in Wisconsin products to overseas markets. In just the last five years it has helped nearly a dozen of our members export their products overseas. And while some push the idea that the EXIM Bank does not help small businesses, it is worth noting that over 65% of the businesses helped by the Bank here in Wisconsin the past five years qualify as a “small business.”
The EXIM Bank is a vital tool to continue to grow U.S. markets overseas. Wisconsin businesses and many of our members rely on their assistance to create good-paying jobs right here in our state. We urge you to support the EXIM Bank and to support S. 2293.
Thank you for your time and service to our state.
President & CEO
Waukesha County Business Alliance, Inc.