Future of Export-Import Bank on ropes
Boston Globe - 08/24/2014
Exports play an important role in the Massachusetts economy. The more than $25 billion a year in goods that local companies sell in foreign markets each year supports 70,000, or about one in four manufacturing jobs in Massachusetts, according to Alan Clayton-Matthews, an economics professor at Northeastern University.
In an interview, Export-Import Bank Chairman Fred Hochberg said creating jobs was the bank’s top priority. Ex-Im’s financing packages, he said, put American companies on equal footing with some 60 other countries, like China, Germany, and Japan,which use similar agencies.