NHBB Hosts Senators Ayotte and Graham in Show of Support for Ex-Im Reauthorization
April 13, 2015 (Laconia, NH): On April 8, New Hampshire Ball Bearings, Inc. (NHBB) hosted New Hampshire Senator Kelly Ayotte and South Carolina Senator Lindsey Graham at the NHBB Astro Division in Laconia, NH for a brief factory tour and meeting with a few of the company's business executives and employees.
The event gave the aerospace manufacturer a chance to express its support for the reauthorization of the Export Import (Ex-Im) Bank of the United States, whose charter is scheduled to expire on June 30, 2015. Senators Ayotte and Graham are co-sponsoring a bill (S. 819) that would reauthorize the bank until September 30, 2019.
While NHBB does not participate directly in Ex-Im Bank programs, it does business with many companies in the aerospace industry that do. That is why NHBB's executives are urging Senators Ayotte and Graham to vote for reauthorization.
"The Export Import Bank of the United States is important to businesses such as ours," said Jim Geary, NHBB's Executive Vice President. "We supply products to most major US aerospace companies, many of whom depend on exports to sustain their US manufacturing operations. Loss of the Ex-Im Bank would impair the competitiveness of US exporters and reduce job opportunities for American workers."
The Export Import (Ex-Im) Bank of the United States was established in 1934 to provide trade finance, loan guarantees, project finance, working capital programs, and export credit insurance to American exporters. A lender of last resort, the Ex-Im Bank's goal is to enable US businesses to compete in overseas markets.
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