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With the critical reauthorization deadline for the Export-Import Bank quickly approaching, Congresswoman Debbie Dingell (MI-12) today visited Hancock Enterprises, Inc. in Taylor and Polytorx, LLC in Ann Arbor to highlight the critical role the Ex-Im Bank plays in helping Michigan manufacturers sell their goods overseas and create jobs here at home.

“As I left Ann Arbor today, Polytorx Founder Luke Pinkerton told me that he doesn’t know what he will do if the Export-Import Bank is not renewed,” said Dingell. “Congress is threatening tools that help small businesses succeed in this economy. As we’re talking about international trade policy, one of the most important things we can do is help manufacturers sell products overseas and create jobs at home. The Export-Import Bank provides critical financing that levels the playing field for American businesses and supports job creation without adding a dime to the deficit.”

“The Export-Import Bank improves competiveness of U.S. companies exporting overseas,” said Luke Pinkerton, Founder and Chief Technology Officer at Polytorx, LLC. “Businesses like ours rely on Export-Import Bank to provide assurance and credit when selling in foreign markets. We appreciate the Congresswoman for her efforts to support our local products and businesses.”

Polytorx, LLC, the exclusive manufacturer of Helix, has exported about $74,000 worth of products with help from the Ex-Im Bank.

Hancock Enterprises, Inc., a leading manufacturer and distributer of rain control products, has received about $895,000 worth of financing through the Export-Import Bank to ship their products around the world.

“Our customers need credit and securing that credit is critical to our competitiveness in a global marketplace,” said Robert Joly, President of Hancock Enterprises, Inc. “Small and mid-size businesses benefit greatly from the Export-Import Bank. We hope Congress will reauthorize this program, and we appreciate Congresswoman Dingell for her efforts.”

Since 2007, Ex-Im Bank has supported more than 59,690 Michigan jobs and $11 billion in export sales by 228 Michigan companies, the majority of which are small businesses. Dingell is urging House leaders to bring legislation to reauthorize the Bank to the floor for a vote before it expires on June 30.

For more information on the Export-Import Bank, please click here.