WASHINGTON, D.C. – U.S. Sen. Sherrod Brown (D-OH) today recognized a Miami County company who received the Presidential “E” Award for Exports from the U.S. Department of Commerce today. U.S. Department of Commerce Secretary John Bryson recognized French Oil Mill Machinery Co. of Piqua during a ceremony this week in Washington, D.C.
“Exports help create jobs in Ohio and are a key factor in our economic recovery,” Brown said. “French Oil Mill Machinery Co. exemplifies Ohio’s proud legacy of production and enhance our state’s ability to be a major player in the international market.”
The “E” Star Award for Exports recognizes sustained, superior performance in increasing or promoting exports. Founded in 1900, French Oil Mill Machinery is a family-owned company that designs and manufactures equipment for the molding, oilseed, pulping, and synthetic rubber industries.
Brown fought for reauthorization of the Export-Import (Ex-Im) Bank, which the Senate approved yesterday. The reauthorization extends the authority of the Bank—which operates at no cost to U.S. taxpayers—to 2015 and increases the Bank’s lending cap by $10 billion annually to a maximum of $140 billion in 2015. Without Congressional action, Ex-Im’s authorization would have expired on May 31. Since 2009, 148 Ohio businesses, including 103 small businesses, have received critical financial support from the Ex-Im Bank to grow their companies, increase exports, and add jobs.
As Chairman of the Senate Banking Subcommittee on Financial Institutions and a member of the Senate Manufacturing Caucus, Brown has introduced a package of key legislative proposals aimed at bolstering the competiveness of U.S. manufacturers. He also serves as a member of the President’s Export Council, working to advance the National Export Initiative (NEI) and reach President Barack Obama’s goal to double exports over the next five years.
The President's Export Council (PEC) is the principal national advisory committee on international trade. Brown is a member of the PEC Subcommittee on Trade Promotion and Advocacy. The Council advises the President of government policies and programs that affect U.S. trade performance; promotes export expansion; and provides a forum for discussing and resolving trade-related problems among the business, industrial, agricultural, labor, and government sectors.
To complement the work of the PEC, Brown organized the Ohio Export Advisory Group to help advance Ohio’s export opportunities abroad. Brown’s office has held export seminars around the state aimed at educating Ohio companies and small business owners seeking to grow their businesses through global market development.
With annual exports valued at $41.4 billion, Ohio is home to more than 16,000 manufacturing companies that employ 620,000 people.