Export-Import Bank

Ashley Gross / KPLU

It’s coming down to the wire for the Export-Import Bank, the federal agency that offers financing and loan guarantees to help U.S. businesses export goods. Some Republicans want to let the bank’s charter expire at the end of this month. 

Washington state businesses are paying close attention to this fight because Boeing is the biggest beneficiary of the Export-Import Bank. Reuters recently reported that Boeing CEO Jim McNerney said the company might have to shift engineering and manufacturing jobs overseas if the bank disappears. 

Elaine Thompson / AP Photo

Washington state businesses are following with growing anxiety a debate in the other Washington over the future of the Export-Import Bank. Today, members of a Congressional committee are holding a hearing on whether the obscure federal agency amounts to corporate welfare.

Mastering the export business can be tough – especially for a small company. Now there’s a new push to help local entrepreneurs sell more stuff overseas.