On the recordJune 23, 2015
I wish to take a few minutes to talk about the importance of international trade to my home State of Utah and how Utahns will benefit from the passage of the TPA bill. Despite having a relatively small population, the State of Utah is a very significant player in international trade. In 2014 alone, Utah exported more than $12 billion in goods. That number has more than doubled over the past decade, despite the economic downturn that took place during that time. Goods exports account for more than 11 percent of Utah's GDP. More than 50,000 Utah jobs are directly tied to goods exports, as more than 3,400 Utah-based companies export goods to countries around the world. By the way, nearly 86 percent of those exporting companies are small or medium-sized businesses. These Utah exports include a number of key manufacturing exports, including primary metal products, computer and electronics products, chemicals, processed foods, and transportation equipment, just to mention a few. There are a number of Utah companies that I could single out here today. As I said, there are more than 3,400 Utah-based exporters, but let me talk about one in particular--Albion Laboratories, which is based in Clearfield, UT. Albion is a leading, global manufacturer of chelated minerals for human and plant nutritional applications. The company is incredibly innovative, owning more than 100 patents from manufacturing processes to food applications.…
