Gottheimer Holds Export-Import Bank Roundtable with Former Chairman Fred Hochberg and Local Businesses

Bank Creates Jobs, Grows NJ Economy

HILLSDALE, N.J. — Today, Congressman Josh Gottheimer gathered local business leaders for a roundtable on the Export-Import Bank with Former Chairman and President of the Export-Import Bank, Fred Hochberg. Hosted by Fornazor International, Inc., the group shared Export-Import Bank success stories and discussed ways that small- and medium-sized New Jersey manufacturers can leverage the opportunities afforded by the bank to expand their businesses. In New Jersey, this program has supported, $4,039,300,000 in exports, 25,811 jobs, and 219 companies — without costing the Treasury a single nickel. Congressman Gottheimer views Ex-Im as a great return on investment for the district, state, and country.

“The Export-Import Bank provides a tremendous return on investment for New Jersey, helping our local businesses and economy grow while actually bringing in dollars to the national treasury. It’s a win, win, win,” said Congressman Josh Gottheimer (NJ-5). “We saw this first-hand today: Fornazor is a New Jersey company that started with four employees and now has hundreds thanks to the help from the Export-Import bank. I was happy to help local businesses learn about the Bank directly from the bank’s former Chairman,  Fred Hochberg, so they can best leverage these opportunities to boost our economy, with more jobs and more exports.”

“We had a productive discussion this morning with New Jersey business leaders about how best to leverage Export-Import Bank resources to grow their businesses and create jobs here in the Garden State. I appreciate Congressman Gottheimer’s invitation and his support for all EXIM can do for exporters, workers and entrepreneurs in New Jersey and across the country. We share a desire to see a strong, effective EXIM continue to play an important role keeping American businesses competitive in the global economy.” said Former Chairman and President of the Export-Import Bank, Fred Hochberg.

Below: At center, Congressman Josh Gottheimer (NJ-5), discusses the benefits of the Export-Import Bank for New Jersey businesses and jobs. Left of Congressman Josh Gottheimer is Fred Hochberg, the Former Chairman and President of the Export-Import Bank.

The following business leaders attended the roundtable: 

John Fornazor—CEO—Fornazor International Inc.
Lynda Kraar—President Lynda Kraarr & Associates
Matt Feiner—President & CEO—SG Companies
Aron Levy—CEO& CTO—Technology Dynamic. Inc./The All Power
Matt Ziccardi—Marketing Manager—Worldwide Supply LLC
Scott Bergaft—CEO—Lamson Airtubes, LLC
David Weiss—President—DataProbe Inc.
Mitch Palin—President & CEO—Minuteman Press International, Inc.
Diane Walsh—Executive Vice President—Commerce and Industry Association of NJ
Chuck Diorio—General Manager—American Roll on Roll off Carrier
Judy Fleischer – NJ Manufacturing Extension Program
Jason Some – Vice President—Some’s World-Wide Uniforms
Kevin Sinnott—Fornazor International Inc.

The Export-Import Bank is a critical resource to businesses in the state of New Jersey, supporting $827 million in exports in the Fifth Congressional District alone. The program’s success is highlighted in its 0.26% default rate on loans, $3.9B in funds returned to taxpayers since 2009, and the 1.4M private sector jobs it has supported.

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