Senator John Kerry (D-Mass.), today applauded the Commerce Committee for passing his proposal to use the next year and half to target and increase the number of small businesses and manufacturers using our export promotion programs as part of Senator Amy Klobuchar (D-Minn.) and George Lemieux (R-Fla.)'s broader effort to focus and expand those programs.
"This bill will help small businesses and manufacturers manage the sometimes complicated export process so that they can tap into overseas markets, target a broader base of consumers, and increase their international sales," Senator Kerry added. "Far too few American firms export. Over the next year and a half we need to jumpstart our efforts to increase their participation. Small Business is the backbone of our economy, and increasing our share of global exports is key to putting them and our economy on a sustainable path to long term recovery and growth."
Kerry's amendment to the Export Promotion Act will provide 18 months of funding for the Department of Commerce to target American companies, particularly manufacturers, to identify low volume exporters with the capacity to grow their international sales with the assistance of export promotion programs. The National Association of Manufacturers supports this plan, saying: "Export promotion is key to increasing the participation in global markets by U.S. small companies. The Coalition of New England Companies for Trade and the US Chamber of Commerce also support Kerry's initiative.