Business leaders push Congress to reauthorize Export-Import bank

Posted August 27, 2014 7:30 pm | Filed under Featured, Local News

york_county_chamber_2A handful of Rock Hill and York County business leaders Wednesday called on elected officials in the U.S. Congress to reauthorize the Export-Import bank before its charter expires in September.

The bank, considered a lender of last resort for businesses, finances the export of goods made in the United States to companies where local financing is not available.

York County Regional Chamber of Commerce chairman Jerry Helms said the program helped facilitate more than $37 billion in U.S. exports in 2013 and supported more than 200,000 American jobs.

In South Carolina, the bank supported over $2 billion in exports during the same period, and supports seven companies with $6.6 million in exports in South Carolina, Hemls said.

“The bank has been a huge help to South Carolina,” said Robby Purser, southeastern regional manager for the U.S. Chamber of Commerce. “This little-known agency has created jobs, supported the economy and enabled many small business to grow larger than they ever could have without it.”

Images courtesy of CN2 News