https://renewgsptoday.com A resource from the Coalition for GSP Wed, 09 Aug 2017 13:54:11 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.1 https://renewgsptoday.com/wp-content/uploads/2017/04/cropped-CoalitionForGSP-Logo-ICO-32x32.png https://renewgsptoday.com 32 32 https://renewgsptoday.com/2017/08/09/gsp-renewal-leads-to-new-and-better-jobs-in-illinois-tennessee-and-washington/ Wed, 09 Aug 2017 13:54:11 +0000 http://renewgsp.wpengine.com/?p=7981 We continue highlighting companies around the country benefiting from GSP renewal. Yesterday focused on three companies in California, Florida, and North Carolina, while Monday focused on companies in Colorado, Illinois, and Missouri. Below are three more companies able to new and better American jobs because of GSP renewal:

• Kona Bicycle in Ferndale, Washington: GSP expiration cost Kona $580,000 and delayed new product developments. GSP renewal allowed Kona to invest in new R&D equipment and hire 5 workers in products development and sales.
• Golden Country in Chicago, Illinois: After paying over $1 million in extra import taxes during GSP expiration, renewal allowed Golden Country to give employees raises and purchase new warehouse equipment and trucks.
• Fab-Line Machinery in Nashville, Tennessee: GSP expiration cost Fab-Line $350,000 in extra taxes and forced the small business to lay off a worker. GSP renewal allowed Fab-Line to hire 2 new workers and lower costs for its customers: American manufacturers.

]]> https://renewgsptoday.com/2017/08/08/gsp-renewal-spurs-job-creating-investments-in-california-florida-and-north-carolina/ Tue, 08 Aug 2017 12:00:32 +0000 http://renewgsp.wpengine.com/?p=7978 This week we’ll be highlighting some of the companies creating good jobs around the United States on account of GSP renewal. Yesterday we spotlighted three companies in Colorado, Illinois, and Missouri. Below are three more companies able to make significant investments – also resulting in job growth – because of GSP renewal:

• Xpres LLC in Winston-Salem, North Carolina: After paying $672,000 in extra taxes during expiration, GSP renewal allowed Xpres to invest in new equipment for its North Carolina facility and hire 17 new workers – a 60 percent increase!
• B&C Technologies in Panama Beach City, Florida: GSP expiration cost B&C $175,000 in extra tariffs and the company could not complete necessary upgrades to a new facility. GSP renewal allowed it to start developing a new product line, including hiring new workers.
• M S International (MSI) in Orange, California: GSP expiration cost MSI $8 million in extra taxes. Big refunds and even bigger savings going forward helped MSI hire 280 new workers and double its capital expenditures in the year and a half after GSP renewal.

]]>