Political Quotes

On the recordMay 7, 2019
I am very honored to offer my support today for Kimberly Reed to be President of the Export-Import Bank of the United States. I think the Presiding Officer is very proud, too. We are both proud that the first woman to lead the Ex-Im Bank will also be the first West Virginian. As a former West Virginia small business owner, I know this is an engine for economic growth and long-term stability and prosperity. It is truly beneficial for those businesses to reach broader markets and new customers. Rural states like West Virginia have a lot of talent and a lot of great businesses, but we need to make sure these companies are hitting global markets and building in sales and supporting more jobs here at home. The Ex-Im Bank creates jobs and helps businesses, both big and small, to sell their products overseas at no cost--I repeat, at no cost--to the Federal Government, in addition to providing loans and other forms of credit. The Bank can also help with market research and to identify potential buyers and distributors of products in foreign countries. It is like having your own reconnaissance team, PR team, and a sales force, everything wrapped up into one. In 2014, I invited the former Ex-Im Bank Chairman, Fred Hochberg, to West Virginia. Since then the Bank has worked with 14 West Virginia businesses throughout the State, providing $11 million in loans to support $18 million in exports.…
Said by
Joe Manchin
Democratic · West Virginia

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