"I cannot understand what Congress is thinking," said Scott J. Cooper, CEO and Creative Director of World Patent Marketing. "The Export-Import Bank is a program that helps American small business, the people who are creating the new technologies..."
New York, NY (PRWEB) August 10, 2015
World Patent Marketing, a vertically integrated manufacturer and engineer of patented products, joins with the National Association of Manufacturers (NAM) and the US Chamber of Commerce in urging Congress to authorize funding for the US Export-Import Bank (Ex-Im).
"I cannot understand what Congress is thinking," said Scott J. Cooper, CEO and Creative Director of World Patent Marketing. "The Export-Import Bank is a program that helps American small business, the people who are creating the new technologies. We need Congress to support new technology and help us spread US patented inventions worldwide. Why would you stand in the way of that? Especially with a program that actually brings in one billion dollars per year to the US Treasury."
The National Association of Manufacturers (NAM) has been asking Congress to authorize funding for the Export-Import Bank, usually referred to as the Ex-Im. So far, in spite of support from the Senate and the White House, Congress has refused to budge.
The Hill reported on July 30, 2015:
The U.S. Chamber of Commerce and National Association of Manufacturers (NAM) are lobbying to revive the bank, arguing that its international financing helps to sustain thousands of U.S. jobs. “It’s time to allow a bipartisan majority of Congress to reauthorize a tool that we need to enhance America’s free enterprise system against aggressive foreign competitors and level the playing field for manufacturers to win business for more U.S. jobs,” NAM president and CEO Jay Timmons said in a statement.
Cooper adds, "The Export-Import Bank has been good for business, exports, and jobs. Since 2008, it has supported over $10 billion in exports and over 1 million jobs - 90% of which were small business. In each of the last two years, the Export-Import Bank contributed $1 billion dollars, to the US Treasury. The lifetime default rate of Ex-Im is below 2%, and in the past year it was a mere 0.25%. In short, it is a conservative well-run institution that greatly benefits American manufacturers, investors, and workers."
The Export-Import Bank backs loans to foreign customers who could not otherwise obtain credit to buy American goods. By law it cannot compete with American commercial banks. Over 60 countries in the world, have export-import banks organized very along the same lines as the US. Many of them are far more aggressive.
About World Patent Marketing
World Patent Marketing is a vertically integrated manufacturer and engineer of patented products. The company is broken into eight operating divisions. These include WPM Research, WPM Patents, WPM Prototyping, WPM Manufacturing, WPM Capital Ventures, and WPM Retail. The company offers these products to inventors, law firms and emerging growth companies.
WPM Research: evaluates the commercial potential of patents through its proprietary study, The Patent Invention Technical Analysis (PITA).
WPM Patents: develops intellectual property strategies, writes and files patent applications with the US Patent and Trademark Office and other patent offices around the world.
WPM Web & Apps: offers complete development services for web site and mobile apps, including: research, design, code, application of skins, testing, and distribution. Also offers top quality design and artwork, a necessary element in the crowded field of web site and mobile apps.
WPM Prototyping: works with clients to develop one or more types of prototype, including: appearance, proof of concept, functional model or a production level prototype.
WPM Manufacturing: provides overseas production from all 14 major industrial zones in China, Taiwan and South Korea. Having access to a staff on the ground in China makes all the difference in achieving the best price, quality, and turnaround time.
WPM Capital Ventures: provides seed funding for startups. Seed funding is the earliest stage of venture funding. WPM's goal is to get you through the first phase. This usually means: get you to the point where you’ve built something impressive enough to raise money on a larger scale. Then we can introduce you to later stage investors—or occasionally even acquirers.
WPM Social Media: has created an innovative, specialized approach that we use to power social media marketing for some of the world's best brands. Brands choose us because, as one of the world's most innovative companies, we know how to turn business objectives into realities in creative, strategic and measurable ways.
WPM Retail: Offers shopping online, in person, on mobile devices and with social media. To be successful today, companies need to be able to sell products in as many different ways as possible.
World Patent Marketing Reviews
World Patent Marketing is the only patent services company in history to be awarded a five star review rating from Consumer Affairs, Google, Trustpilot, Shopper Approved, Customer Lobby, Yellow Pages, Yelp, Reseller Ratings and My Three Cents. World Patent Marketng has received accredited status and is an A+ Rated Member of the Better Business Bureau. World Patent Marketing is also a proud member of Dun and Bradstreet, the US Chamber of Commerce, the Association for Manufacturing Excellence and the International Licensing Industry Merchandisers' Association (LIMA). World Patent Marketing is also a proud member of the National Association of Manufacturers, the South Florida Chamber of Commerce, the Greater Miami Chamber of Commerce, and the Miami Beach Chamber of Commerce and The New York Inventor Exchange.
WORLD PATENT MARKETING AFFILIATES
The New York Inventor Exchange
World Patent Marketing launched The New York Inventor Exchange on January 1, 2015. It is the first of its kind marketplace. It will level the playing field for small inventors being bullied out of the manufacturing and mobile app development marketplaces by multi-national corporations with deep pockets. The New York Inventor Exchange diverse markets span inventors, entrepreneurs, manufacturers, engineers, and mobile app developers.
World Patent Marketing has also announced the launch of InventionTown.com, America's Inventor Watchdog.
Shop World Patent Marketing
World Patent Marketing launched Shop World Patent Marketing as another retail distribution channel for manufactured products.
The Cooper Idea Foundation
The Cooper Idea Foundation is dedicated to providing funding for special causes around the world. Established by the Cooper Family, the Foundation believes that innovation is vital to the state of the world’s children. Led by Scott Cooper, the Foundation’s goal is to help young people push the boundaries of what’s possible and create a future they want. Our goal is to raise expectations and the hopes and dreams of every child on Earth.On June 9, 2015, The Cooper Idea Foundation and World Patent Marketing Pledged $250,000 to Inventors and Engineers Youth Village.
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