The U.S. Senate this week confirmed Kimberly Reed as president of the Export-Import Bank of the United States (Ex-Im), and two other Trump administration appointees to the board. Now the bank can once again approve loans greater than $10 million, helping U.S. companies compete overseas. The OMA has been strongly supportive of Ex-Im and the need to have the proper personnel in place to allow the bank to carry out its mission.
According to Ex-Im data, the bank serves 200 exporters in Ohio with a combined $1 billion in exports. Nearly 28% of Ohio’s manufacturing employment stems from exports, according to the National Association of Manufacturers (NAM). 5/9/2019