AWB Statement on U.S. House Passage of Export-Import Bank Reauthorization
OLYMPIA — The Association of Washington Business, Washington state’s largest business organization representing small, medium and large employers, issued the following statement from AWB President Kris Johnson regarding the U.S. House of Representatives’ bipartisan approval of legislation to reauthorize the federal Export-Import Bank charter:
"We owe a big ‘thank you’ to all 10 members of Washington state’s House congressional delegation for supporting today’s passage of the bill that reauthorizes the critical Export-Import Bank charter, which was allowed to expire June 30. Small employers in our state rely on the bank’s insurance and other products to expand their companies through increased exports, hire more workers at great wages and grow the economy.
"In fact, of the 232 Washington state employers that utilize the bank’s services, 152 are small businesses. AWB alongside its members like Yakima-based Manhasset Specialty Company, which is a global leader in making high-quality, environmentally-friendly music stands, have worked tirelessly to advocate for the bank’s reauthorization.
"The final hurdle for reauthorization of the bank’s charter is the U.S. Senate. As a trade-dependent state, we will continue to work in collaboration with our U.S. senators to ensure that small businesses have the ability to remain competitive, export their products goods and services, and retain the high-quality jobs they support in the state of Washington."
About the Association of Washington Business
Formed in 1904, the Association of Washington Business is Washington’s oldest and largest statewide business association, and includes more than 7,900 members representing 700,000 employees. AWB serves as both the state’s chamber of commerce and the manufacturing and technology association. While its membership includes major employers like Boeing, Microsoft and Weyerhaeuser, 90 percent of AWB members employ fewer than 100 people. More than half of AWB’s members employ fewer than 10. For more about AWB, visit www.awb.org.