Boosting Ohio-made products, creating Ohio jobs
The Royalton Post – Ohio workers can compete with anyone in the world. And, every day, at places like Nook Industries in Cuyahoga County, Middletown Tube Works in Butler County and Crown Battery in Sandusky County, Ohio workers are making goods used all over the world.
Ohio has had quicker increases in job growth than other states, and we know the manufacturing sector nationally has gained back some 470,000 jobs since January 2010. That’s good news, but we can do even better.
One way we can speed up our economic recovery is to help Ohio companies find new markets for their products by selling them around the world. We know that companies that export their products around the world create jobs, pay higher wages to employees and are more likely to stay in business. Export-supported manufacturing jobs already account for an estimated 7.1 percent of Ohio’s total private-sector employment. More than one-fourth of manufacturing workers in Ohio depend on exports for their jobs – the eighth highest percentage among the 50 states.
That’s why the Export-Import (Ex-Im) Bank is so important.
Ex-Im Bank – the federal agency that helps companies sell their products around the world – provides American businesses with essential trade financing at no cost to taxpayers. By providing loans, guarantees, and insurance, Ex-Im Bank helps Ohio manufacturers enter foreign markets obtaining new international customers and creating new jobs here in Ohio. It does all of this while creating revenue for the U.S. Treasury.
