You may already know many Florida exporters use the Export-Import Bank (Ex-Im Bank), the United States’ official export credit agency, for assistance receiving financing when commercial lending is not available. But did you know Ex-Im Bank is operating on a short-term extension that will force it’s closure on June 30, 2015, unless Congress takes action?
In the past five years, Ex-Im Bank has helped more than 600 Florida companies export goods around the globe. The Florida Chamber supports the long-term reauthorization of Ex-Im Bank and we need your help communicating with your federal elected officials today. Click the button below to urge your member of Congress and Senators to support a long-term reauthorization of Ex-Im Bank.
With the Panama Canal expansion on the horizon, and Florida implementing a plan to strengthen existing businesses and build new businesses based on this opportunity, it makes sense to continue to offer support to Florida’s export-import industry by reauthorizing Ex-Im Bank.
According to Alice Ancona, Director of Global Outreach for the Florida Chamber of Commerce, the loss of Ex-Im could hurt Florida companies.
“To secure Florida’s future, and prevent Florida jobs from going to foreign competitors, the Florida Chamber of Commerce supports reauthorizing Ex-Im. Ex-Im is particularly important to small-and-medium-sized businesses; those businesses account for more than 85 percent of transactions. In the past five years alone, Ex-Im has helped more than 600 Florida small businesses, 168 of which are minority owned, with export finance — a $6 billion value in Florida-based exports,” Ancona explained.
Urge your member of Congress and Senators to support the long-term reauthorization of the Ex-Im Bank.