This week, I had the honor of presenting 45 American companies with the President’s “E” and “E” Star Awards, a recognition awarded to U.S. businesses that have made significant contributions to U.S. exports. These awardees, which range from small- and medium- sized businesses to household names, understand the importance of exports to their bottom line, American jobs, and the U.S. economy.
Increasing U.S. exports is a top priority for President Obama and our entire Administration. With our support, America’s private sector made 2014 another record year, selling $2.35 trillion of goods and services to overseas markets. Exports also supported 11.7 million private sector jobs in 2014, an all-time high.
We are achieving these new records because the 300,000 U.S. businesses that export, including our “E” awardees, understand that their competitiveness depends on reaching the 96 percent of the world’s customers who live beyond our borders. They are companies like Vac Pac, a family-owned business in Baltimore, whose company first won the “E” Award in 1966. Their “E” Star recognition 50 years later is a reflection of their consistent contributions to U.S. export growth.
We also honored household names like Harley Davidson, which has exported their iconic motorcycles for over a century.