December 7, 2015
Fast Facts
Bringing Business Up to Speed
Top Stories

Ex-Im Bank renewal passes Congress, Obama signs into law

AWB President Kris Johnson joined Sen. Maria Cantwell, Reps. Denny Heck and Dave Reichert, and leaders from state employers of all sizes at a Friday press conference to celebrate reauthorization of the Export-Import (Ex-Im) Bank of the United States.

In an upbeat event held at the Boeing Delivery Center in Seattle, a bipartisan group of congressional leaders recounted the long fight to reauthorize the Ex-Im Bank and its value for the nation’s exporters. The Ex-Im Bank is particularly important in Washington, the most trade-dependent state in the country.

With a dozen Boeing jets visible through the bay windows behind her, Cantwell said that the Ex-Im Bank will ensure that these and American-made goods – from airplanes to music stands – can be sold to ready customers across the globe.

Rep. Heck said that the bank benefits the hundreds of small businesses that Boeing uses as its supply chain. Each jet sold means jobs at small employers across the state and nation.

Leaders from across the political spectrum praised the reauthorization.

  • Sen. Maria Cantwell, D-WA said, “With passage of Ex-Im authorization, businesses across Washington state and the nation will once again have this critical export credit agency.”
  • Gov. Jay Inslee called it an “important step to increase job opportunities in our states and grow the national economy.”
  • National Association of Manufacturers President Jay Timmons said final Ex-Im Bank approval is “a victory for manufacturers of all sizes as well as for workers here in the United States.”
  • Rep. Rick Larsen, D-WA, said, “The Bank helps Pacific Northwest businesses of all sizes create jobs here at home by selling their goods overseas.”
  • U.S. Chamber of Commerce President Tom Donohue said, “In recent weeks, we’ve seen how American companies are forced to operate at a unique disadvantage in global markets without Ex-Im, resulting in lost sales and lost jobs. We applaud the determined work of those Congressional leaders who have acted to protect the competitiveness of American companies.”

For more on AWB’s engagement on the Ex-Im Bank and other federal issues, contact AWB Government Affairs Director Amy Anderson.

« Back to Main
Becoming a Top Ten State

Opportunities begin here in Washington state

By AWB President Kris Johnson and Washington Roundtable President Steve Mullin

The central Puget Sound region and Washington have long been a center of global trade.

A look behind the numbers, however, reveals that many Washingtonians are falling behind. And far too many young people fail to get the education they need to succeed and compete for great jobs being created by Washington employers.
Click here to read the full op-ed from Kris Johnson and Steve Mullin
Investing in Jobs

Boeing incentives are good for WA

By Rob McKenna

We're not talking about tax giveaways here; they're incentives to keep incredibly valuable airplane manufacturing right here in Washington. Our state benefits enormously from Boeing's presence. Just ask governors and business leaders in other states -- they'd love to have even a fraction of Boeing's high-tech manufacturing jobs in their states.

That's why it's somewhat amusing to see the showy handwringing in Olympia recently about these incentives. The tax incentive package passed overwhelmingly in a special session in November 2013 precisely because most state leaders grasp that the economic activity Boeing produces, the high-paying jobs it provides, and the taxes it generates far outweigh the theoretical value of the tax incentives.

Simply put, the incentives are a good deal for the state of Washington -- no handwringing needed.
Click here to read the full blog post at Smarter Government Washington
Upcoming Events