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Help Save the Ex-Im Bank

By September 9, 2014 No Comments

Help Save the Ex-Im Bank!
Supporting over 1,000 companies in CA with total export value of $23 billion

Without reauthorization from Congress by September 30, 2014, the U.S. Export-Import Bank (Ex-Im Bank) is at risk of closure. The Ex-Im Bank is critical to helping increase U.S. exports and is relied on heavily by businesses and workers, especially manufacturing, in LA County (over 300 companies) and California (over 1,000 companies).

We need you to urge Congress to reauthorize the Ex-Im Bank–a program that is critical to increasing exports for U.S. companies and to growing our economy.

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Here are some key facts about the Ex-Im Bank:
 
Ex-Im Bank Facts (National)
  • Since its founding by President Franklin D. Roosevelt more than 80 years ago, the Ex-Im Bank has acted as the official export credit agency of the United States, supporting over $600 billion in U.S. exports by providing loan guarantees, export credit insurance and direct loans for U.S. exports.
  • During the past four years, the Ex-Im Bank has supported an estimated 1 million American jobs.
  • From fiscal year (FY) 2009 – FY 2013, the Ex-Im Bank has returned $2 billion to the American taxpayers above and beyond the cost of its operations.
  • Nearly 90 percent of the Ex-Im bank’s transactions in FY 2013 supported our nation’s small businesses.
Ex-Im Bank Facts (California)
  • More California companies rely on the Ex-Im Bank than from other states.
    • Over 1,000 companies in California use the Ex-Im Bank
      • 773 small businesses.
      • 127 minority-owned businesses.
      • 91 woman-owned businesses.
    • Total export value of these shipments in California amounts to $23 billion!
    • Manufacturing businesses are the largest users in California:
      • #1 is Machinery Manufacturing & Sales
      • #2 is Electrical Equipment Manufacturing & Sales
Ex-Im Bank Facts (Los Angeles County)
  • Over 300 LA County companies use the Ex-Im Bank.
  • Top 20 LA companies (based on disbursements) that use the bank include:
    • Boeing Satellite Systems, Inc. El Segundo Computer and Electronic Product Mfg and Sales
      Unical Aviation, Inc. City Of Industry Transportation Equipment Manufacturing and Sales
      Spc/International Lease Finance Corp. Los Angeles Not Identified
      Lubricating Specialties Co. Pico Rivera Petroleum and Coal Products Mfg and Sales
      Spc/Air Lease Corporation Los Angeles Not Identified
      Space Exploration Technologies Corp. Hawthorne Transportation Services
      Mee Industries, Inc. Irwindale Machinery Manufacturing and Sales
      Orly International Inc. Van Nuys Chemical Manufacturing and Sales
      Capstone Turbine Corporation Chatsworth Machinery Manufacturing and Sales
      American Trading International, Inc Los Angeles Food Manufacturing and Sales
      Technip Usa Corp Claremont Professional, Scientific and Technical Services
      Trojan Battery Co. Santa Fe Springs Electrical Equipment Manufacturing and Sales
      Ics Group Inc. Torrance Building Construction
      Lindsey Manufacturing Co. Azusa Fabricated Metal Product Manufacturing and Sales
      Chrome Hearts Llc Hollywood Other Misc Mfg and Sales of Non Capital Equipment
      Unical Aviation, Inc. Baldwin Park Transportation Equipment Manufacturing and Sales
      Swisstex Direct, Llc Los Angeles Textile Mills, Products and Sales
      Bluefield Associates Inc. Ontario Chemical Manufacturing and Sales
      Superior Jali International Inc. Monterey Park Chemical Manufacturing and Sales
      Norman Industrial Materials, Inc. Sun Valley Primary Metal Manufacturing and Sales

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