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 expanded benefits for those workers – than when GSP expired in 2013. (If you ha...
Continue readingLast 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 over the years (see below for a timeline from an August 2014 post). As detailed...
Continue readingIn the first four months of 2016, GSP saved American companies about $230 million in eliminated tariffs. The map below shows the overall GSP imports and savings by state from January to April. Companies in California continued to lead the way with $36 million in tax savings, followed by companies in New Jersey with $20...
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