December 5, 2016
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Federal Issues

Boeing CEO urged Trump administration to keep Ex-Im Bank or risk losing foreign sales

Foreign manufacturers would benefit from the closure of the U.S. Export-Import (Ex-Im) Bank. American workers and employers would lose if this American institution is shut down, as President-Elect Donald Trump pledged to do during the campaign.

Boeing CEO Dennis Muilenburg urged the incoming Republican president-elect to preserve and re-open the bank. Shutting it down, or letting it continue to operate without a board quorum, will mean American workers losing jobs to jet-makers in other countries, including Airbus. That could put at risk more than 1.5 million aerospace industry jobs, Muilenburg said in a speech to the Illinois Manufacturers' Assocation in Chicago on Friday.

"Many of our customers look to Ex-Im when they can’t secure financing in the commercial market," Muilenburg said. "If international customers of tractors, turbines, airplanes or satellites can’t get financing from the United States, they’ll simply take their business elsewhere to one of the dozens of other countries with similar export-credit assistance."

He noted that last year, Boeing delivered 495 of its 737 jets from its factory in Renton to customers around the world. Fully a third of those jets went to China. The Ex-Im Bank helped Boeing secure several big Chinese deals, including $1.43 billion in loan guarantees in 2014 and 2015. Those loans generate a profit for the U.S. treasury when they are paid back -- along with ensuring ongoing employment for tens of thousands of workers in Washington and across the nation.

Jay Timmons, president of the National Association of Manufacturers, called on Congress to act during its lame-duck session to restore the Ex-Im Bank to full functionality: "As long as the Ex-Im Bank cannot fully operate, America will lose manufacturing jobs to other countries, which are winning new sales and manufacturing while our hands are tied. It’s time for Congress to show some backbone -- and real leadership -- to make the agency work again for hardworking Americans across the country."

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Sustainability in Action

A green milestone for Microsoft: 500-acre Redmond campus generates (almost) zero waste

By Nat Levy, GeekWire

The 44,000 employees at Microsoft's Redmond headquarters campus went through a whopping 189 million pounds of food and packaging between July and December 2015. Even more impressive than employees' appetites is the fact that the company managed to keep 99.5 percent of food and dining waste out of landfills.

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Read the full story in GeekWire
Build on Success

Washington lawmakers should hold off tinkering with Boeing tax break

By The Seattle Times Editorial Board

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This work involves a constellation of suppliers. It also expands the cluster of companies and expertise working with advanced composites in Washington.

That cluster, the jobs it supports and the future opportunities it creates should continue, regardless of what happens with the WTO.
Read the full editorial in The Seattle Times
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