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Federal agency supports over 1.9% of Virginia’s exports

byCustoms Today Report
13/07/2015
in Uncategorized
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VIRGINIA: Has Virginia’s economy suffered since July 1. It was supposed to. At least, that’s what lobbyists in Washington predicted would happen after the Export-Import Bank expired on June 30.

Over the past decade, this little-known federal agency handed out more than $200 billion in taxpayer-backed financing to businesses, supporting only 1.9 percent of Virginia’s exports along the way.

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