Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) released the following statement in support of the Export-Import (Ex-Im) Bank of the United States and it’s positive impact on Nevada businesses:
“Despite Republican efforts to eliminate the Export-Import Bank, in the past five years, the Ex-Im Bank has financed more than $7 million in exports from Nevada, supporting 23 business from across the state, 16 of which are small businesses and 6 of which are minority or women owned. In the month of February alone, the Ex-Im Bank financed $790,629.27 in exports from Nevada. Most of these exports came from small businesses in Reno, Sparks and Minden. The Ex-Im bank is vital to ensure that Nevada’s exporters have the resources necessary to enter foreign markets on a level playing field. Nevada’s growing business community is a source of pride for our state, which is why I am committed to ensuring that Nevada’s businesses thrive by supporting agencies that foster innovation, and help Nevadans expand their businesses and ensure they maintain their competitive advantage.”
BACKGROUND
Nevada Exporters Supported by EXIM Financing – February 2018
|
City |
Exporter |
Small Business |
Amount |
|
Las Vegas |
Trax International Corporation |
$134,986.00 |
|
|
Minden |
Bently Nevada Llc |
Yes |
$241,612.78 |
|
Reno |
Desiccare, Inc |
Yes |
$154,684.95 |
|
Sparks |
Dynamic Seal And Gasket, Inc. |
Yes |
$259,345.54 |
|
Grand Total |
$790,629.27 |
||
The Amount includes the dollar value of total insured shipments, guaranteed credit, or disbursed loan amounts reported for the calendar month. The Amount may differ from the total value of supported exports. Data on insured shipments is provided by the month reported to EXIM and may reflect shipments that occurred in previous calendar months.
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