Hochberg Nomination reflects outstanding Ex-Im Bank leadership.
Press Release Summary:
In his statement regarding President Obama's announcement that Fred Hochberg has been nominated for second term as chairman and president of U.S. Export-Import (Ex-Im) Bank, NAM President and CEO Jay Timmons called Hochberg "a strong and effective leader" and praised his ability to recognize manufacturing's importance to USA's economy and future. Timmons also lauded President Obama's recognition of Hochberg's work as head of Ex-Im Bank.
Original Press Release:
Hochberg's Continued Outstanding Ex-Im Bank Leadership Offers Manufacturers Certainty in Uncertain Times
Has Led the Bank Through Strong Growth and Increased Opportunities for U.S. Exports
Washington, D.C. – National Association of Manufacturers (NAM) President and CEO Jay Timmons issued this statement regarding President Obama’s announcement that Fred Hochberg has been nominated for a second term to serve as chairman and president of the U.S. Export-Import (Ex-Im) Bank:
“Fred has been a strong and effective leader for the Ex-Im Bank during a time of unprecedented growth and demand for export financing. He recognizes the important role manufacturing plays in our economy and future. Last year, the Bank provided more than $35 billion in financing, supporting more than 255,000 American jobs.
The Ex-Im Bank is a vital tool for the export efforts of small and medium-sized manufacturers. As part of his strategy to increase the Bank’s outreach and responsiveness to manufacturers, Fred worked to improve financing opportunities to small manufacturers, enabling them to reach markets that were once unattainable and create more jobs. In 2012, 85 percent of the 3,400 companies that worked with the Bank were small businesses. Manufacturers are pleased that the President has recognized the outstanding work of Fred as head of the Bank and we welcome the opportunity to continue working with him and the Ex-Im Bank to grow our exports, support jobs and increase America’s global competitiveness.”
-NAM-
The National Association of Manufacturers is the largest manufacturing association in the United States, representing manufacturers in every industrial sector and in all 50 states. Manufacturing has a presence in every single congressional district providing good, high-paying jobs. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
