Tag Archives: layoffs

Small Business Paid $250,000 in INTEREST on Bank Loans to Stay Afloat During GSP Expiration

Last week, we profiled two companies (Summit Specialty International in Georgia and Sophia Foods in New York) that have bounced bounced strongly since Congress renewed GSP. Despite difficulties faced during the GSP lapse, both have more workers – and provide … Continue reading

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GSP Renewal Allows New York Small Business to Refill Positions Lost During Expiration – and Then Some

Last week, we received a response to our new GSP renewal impacts survey from Candace Abitbul from Sophia Foods in Brooklyn, New York. Candace and her husband Danny, who own the small business together, have repeatedly shared their GSP story … Continue reading

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GSP Renewal Allows Small Business to Hire 2 New Workers

Fab-Line Machinery, which has facilities in St. Charles, Illinois and Nashville, Tennessee, imports metal fabrication machinery from Turkey under GSP. The products, including hydraulic press breaks, hydraulic shears, and plasma cutting systems, are used by American manufacturers for domestic production. … Continue reading

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GSP Renewal Immediately Benefiting Companies in the Carolinas

GSP has only been back in effect for a week, but we’re already hearing positive things from companies about the impacts. Take Thompson Traders in Greensboro, North Carolina, which manufactures and sells hand-hammered copper sinks for kitchens and baths. GSP … Continue reading

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GSP Expiration Cost American Importers Another $56 Million in September

Based on data released today by the U.S. government, GSP expiration cost U.S. importers $56.5 million in September – about $20,000 more than it cost in August. In those first two months, that works out to about $1.85 million for … Continue reading

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