U.S. Senator George LeMieux (R-FL) today touted an initiative to increase export opportunities for small businesses in Florida and throughout the U.S. The Senator discussed his effort at Chips Supply Inc, a semiconductor die and specialized packaging company. LeMieux discussed the company's success in the global market and the importance of the Export Promotion Act, which would provide small businesses with the knowledge and resources necessary to begin exporting goods and services. The measure was included as part of an amendment introduced by Sens. LeMieux and Mary Landrieu (D-LA) to the pending Small Business Jobs Act.
"Chip Supply is a great example of how exports can benefit and grow a business," LeMieux said. "The entrepreneurial spirit of this company has created jobs, opportunities, and a better way of life in our communities. Government should do all it can to encourage and promote this kind of economic activity. The Export Promotion Act will assist U.S. businesses that are looking to export their products but do not have the resources or know-how to find new international customers."
BACKGROUND: Senators LeMieux and Landrieu included the Export Promotion Act as part of their bipartisan amendment to the Small Business Jobs Act. The Export Promotion provision would increase the activities and staffing of the Department of Commerce in carrying out its mission to promote U.S. exports. It would also increase the export grants funds available to industry associations and non-profit institutions. Finally, the legislation requires that decisions to fund manufacturing and innovation grants include exporting potential as one of the application considerations. The Small Business Lending Act is expected to come before the Senate for a vote in September.