Skip to main content

Business Rallies for Carolina Jobs & Ex-Im Bank

By
Ted Jones
The following is a guest post by Ted Jones, Director of International Supplier Relations for NEI.

For several months now, we've been shining a spotlight on the dispute in Washington over the reauthorization of the U.S. Export-Import Bank. But this week, the focus of this battle is moving outside the Beltway far away from Washington-based Tea Party groups to where real jobs are at stake - in this case on Wednesday morning in Charlotte where businesses from across the Carolinas are going to rally to support the bank and the work it does promoting exports in the region.

The event will take place at the Westin Charlotte Hotel beginning at 8:30 a.m. and will include businesses from all over the Carolinas. Already confirmed to be in attendance and participating are companies like Duke Energy, Holtec, CB&I, Fluor, Curtiss-Wright, GE Aviation and Boeing. We also expect a number of smaller nuclear energy suppliers - companies who would be forced to start laying off employees immediately without the help of the bank - to be in attendance to tell their stories.

The commercial nuclear energy industry is vitally important to the Carolinas. A study by Clemson University found that 29,000 jobs are generated by the nuclear industry in the two states. These jobs account for $4.2 billion in direct and indirect pay along with $1 billion in state and local taxes in the Carolinas. Without the Ex-Im Bank, a significant portion of that economic activity would be immediately jeopardized.

With North Carolina’s high commercial stake in global markets, a failure to renew Ex-Im Bank would be devastating to businesses and families in the state. For fiscal 2014, the bank approved transactions for hundreds of North Carolina exporters, supporting thousands of jobs. Contrary to the claims of Ex-Im Bank’s opponents, four out of every five transactions that Ex-Im Bank supports are for small or medium-sized exporters.

We'll be following the events in Charlotte on Wednesday morning via our Twitter feed. In the meantime, please take a look back in our archives at some of the previous articles we've written in support of Ex-Im Bank and the jobs that come with it.
Also, be sure to refer back to NEI.org and our landing page on Ex-Im Bank reauthorization.
Labels:

Comments

Lucius Quinctius Cincinnatus said…
The Tea Party does not want tax payer funding of foreign govts and corporations via the Export Import Bank or any other means. I am pro-nuclear and I agree with the Tea Party. Stop the socialism! Stop the liberal leftism!
May 19, 2015 at 10:21 PM
Post a Comment

Popular posts from this blog

Fluor Invests in NuScale

By
You know, it’s kind of sad that no one is willing to invest in nuclear energy anymore. Wait, what? NuScale Power celebrated the news of its company-saving $30 million investment from Fluor Corp. Thursday morning with a press conference in Washington, D.C. Fluor is a design, engineering and construction company involved with some 20 plants in the 70s and 80s, but it has not held interest in a nuclear energy company until now. Fluor, which has deep roots in the nuclear industry, is betting big on small-scale nuclear energy with its NuScale investment. "It's become a serious contender in the last decade or so," John Hopkins, [Fluor’s group president in charge of new ventures], said. And that brings us to NuScale, which had run into some dark days – maybe not as dark as, say, Solyndra, but dire enough : Earlier this year, the Securities Exchange Commission filed an action against NuScale's lead investor, The Michael Kenwood Group. The firm "misap...
1 comment
Read more

Wednesday Update

By
From NEI’s Japan micro-site: NRC, Industry Concur on Many Post-Fukushima Actions Industry/Regulatory/Political Issues • There is a “great deal of alignment” between the U.S. Nuclear Regulatory Commission and the industry on initial steps to take at America’s nuclear energy facilities in response to the nuclear accident in Japan, Charles Pardee, the chief operating officer of Exelon Generation Co., said at an agency briefing today. The briefing gave stakeholders an opportunity to discuss staff recommendations for near-term actions the agency may take at U.S. facilities. PowerPoint slides from the meeting are on the NRC website. • The International Atomic Energy Agency board has approved a plan that calls for inspectors to evaluate reactor safety at nuclear energy facilities every three years. Governments may opt out of having their country’s facilities inspected. Also approved were plans to maintain a rapid response team of experts ready to assist facility operators recoverin...
Post a Comment
Read more

Nuclear Utility Moves Up in Credit Ratings, Bank is "Comfortable with Nuclear Strategy"

By
Some positive signs that nuclear utilities can continue to receive positive ratings even while they finance new nuclear plants for the first time in decades: Wells Fargo upgrades SCANA to Outperform from Market Perform Wells analyst says, "YTD, SCG shares have underperformed the Regulated Electrics (total return +2% vs. +9%). Shares trade at 11.3X our 10E EPS, a modest discount to the peer group median of 11.8X. We view the valuation as attractive given a comparatively constructive regulatory environment and potential for above-average long-term EPS growth prospects ... Comfortable with Nuclear Strategy. SCG plans to participate in the development of two regulated nuclear units at a cost of $6.3B, raising legitimate concerns regarding financing and construction. We have carefully considered the risks and are comfortable with SCG’s strategy based on a highly constructive political & regulatory environment, manageable financing needs stretched out over 10 years, strong partners...
Post a Comment
Read more