By James DeChene
15 Delaware companies recently signed onto a coalition letter urging Congress to pass Trade Promotion Authority (TPA) legislation. TPA is vital because economic growth and job creation at home depend on our ability sell American goods and services to the 95% of the world’s customers living outside the U.S.
Many Americans are already seizing these opportunities. Nationally, one in four manufacturing jobs depends on exports, and one in three acres on American farms is planted for consumers overseas.
Here in Delaware trade plays a big role in our economy. Trade supports more than 120,000 jobs in the state, and our state’s exports of goods and services last year reached $8.5 billion. The letter’s details can be found here.
The Delaware companies listed were:
by James DeChene
The General Assembly is currently enjoying a two week break for Easter, and is due back in Dover on April 21st. On the hearing docket that week is a bill dealing with “Chemical Concerns and Flame Retardants” that has raised concerns from the Chemical industry, and there are hearings scheduled for both the Senate Banking and Business Committee and House Economic Development/Banking/Insurance/Commerce Committee, but no agenda has been set. Budget issues are still being sorted out, and other business related legislative activity expected this spring includes a proposal to change the corporate structure of businesses related to fee-shifting, a second bill dealing with escheat, along with another slate of education related bills. April and May will prove to be busy, all gearing up for June madness. More to come.
James DeChene is the Chamber's Senior Vice President of Government Affairs.