Greater North Dakota Chamber pushing for reauthorized Export-Import Bank, Segment on Prairie Public News
At the Greater North Dakota Chamber Policy Summit, Tom Shorma, a panelist at the event, discussed how the Export-Import Bank has positively impacted WCCO Belting. The segment includes quotes from Tom from the event, including:
Tom Shorma with WCCO Belting of Wahpeton said his company has used the bank for 18 years -- and he said it has been valuable to his business.
"Over that time, we've grown from a company that was basically selling into Canada, into one that sells into more than 20 countries," Shorma said. "Our ability to do that is always dependent on our ability to finance those sales and secure payment."
Shorma said one of the biggest concerns from companies in the export business is collecting for what they ship.
"That's what the Export-Import Bank does really well -- it guarantees payment," Shorma said.
To listen to the full segment, visit https://news.prairiepublic.org/post/