McCaskill to Visit Springfield to Talk Jobs, Export-Import Bank

By KOLR10 News

Published 08/25 2014 04:26PM

Updated 08/25 2014 04:29PM

Sen. Claire McCaskill and Sen. Kelly Ayotte
Sen. Claire McCaskill and Sen. Kelly Ayotte/Sen. McCaskill's Office
SPRINGFIELD, Mo. – U.S. Senator Clair McCaskill will be in Springfield Tuesday to tour Custom Metalcraft and discuss jobs in Missouri.

According to a statement from McCaskill’s office, the senator plans to hear from employees on how their company has been impacted by the Export-Import Bank.

McCaskill recently sent a letter to companies in the Springfield area who have grown their businesses with the help of Export-Import Bank resources. McCaskill says without congressional action, the authorization for the Export-Import Bank is set to expire on September 30.

The Export-Import Bank finances foreign sales of U.S. products through loan guarantees, direct loans, and credit insurance, at no cost to taxpayers.

According to McCaskill, since 2009, the Export-Import Bank has supported $188 billion in U.S. exports and 1.2 million American jobs. The Export-Import Bank has supported $1 billion in exports from 96 Missouri companies since 2007. Nearly 85 percent of businesses supported by the Export-Import Bank are small and medium-sized businesses.

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