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.
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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