Tag Archives: smallbiz

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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It isn’t 1810

“It is an extremely arbitrary and outdated tariff. Our politicians need to realize we operate in a global economy now; it isn’t 1810.” That comment was provided by Alex Livingston, President of Summit Specialty International in Alpharetta, Georgia, in response … 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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New Jersey Small Business Explains Impacts of GSP Expiration, Renewal

EVCO International is a small business in Manalapan, New Jersey that imports marble kitchenware and bath accessories from Indonesia and India and kettles from Thailand. When GSP expired and EVCO tried to raises prices, sales fell. Higher costs impacted both … 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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Ohio Small Biz: At Least 3 Net Jobs Tied to GSP Refunds

They say a picture is worth a thousand words. The pictures above (or at least the checks in them) are worth SO much more. The checks are the first GSP refunds for The Cannon Group, a small business in Westerville, … Continue reading

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Rep. Boustany on the Impacts of GSP Expiration

In this morning’s House Ways and Means mark up of the trade preferences bill, Representative Charles Boustany (R-LA) spoke about the importance of renewing GSP for companies in the United States, Louisiana, and his 3rd District. In particular, he highlighted … Continue reading

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