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SOCMA Backs Senate Measure to Help Small Companies Increase Global Competitiveness

The Society of Chemical Manufacturers and Affiliates (SOCMA) has announced its support of a bipartisan Senate bill that would help small and medium-sized manufacturers, which include many SOCMA members, promote their products overseas.

The Export Promotion Act of 2010 (S. 3084), spearheaded by Senators Amy Klobuchar (D-MN) and George LeMieux (R-FL), helps small businesses by increasing export promotion and outreach efforts through the Department of Commerce. Importantly, it restores staffing levels to roughly 1600 for the International Trade Administration’s program specializing in matching small businesses with potential export markets.

"Promoting trade is one of SOCMA’s top legislative and regulatory priorities and this legislation will help increase the competitiveness of the chemical industry among those that need it most – smaller companies," said Bill Allmond, SOCMA’s vice president of government relations. "Data shows that increased exports mean an increase in job opportunities here at home. This bill complements efforts by the Obama Administration to double US exports over the next five years."

Further efforts by SOCMA to promote trade expansion by our members include partnering with the U.S. Commercial Service to help members companies collaborate with the U.S. government trade experts located in regions where members want to penetrate the marketplace. Earlier this month, SOCMA held a joint webinar with the National Association of Manufacturers and the U.S. Commercial Service to educate SOCMA members about this partnership.

SOCMA is the leading trade association serving the batch, custom, and specialty chemical industry since 1921. SOCMA’s nearly 300 members employ more than 100,000 workers across the country and produce 50,000 products valued at $60 billion annually. For more information, visit www.socma.com.

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