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Treasury Secretary Tim Geithner visited Baltimore’s own Marlin Steel Wire Products, a small business with 27 employees that manufactures wire baskets and sheet metal.
During his trip, the Secretary discussed how the President’s policies have supported small businesses and called on Congress to enact proposals that would help small business owners create more jobs. Marlin Steel Wire is just one example of how small employers and manufacturers are important engines to private sector growth. He toured the manufacturing facility with Mickey Greenblatt who described how Marlin Steel Wire has taken advantage of several small business measures that the President signed into law — for example, the company fully expensed its investments in advanced robotic equipment. They make custom wire baskets, wire hooks, and precision sheet metal products from recycled materials for applications in a variety of industries from biotechnology, aerospace, retail, and more.
On this visit to Marlin Steel Wire, Secretary Geithner saw first-hand what a small company that is investing in domestic manufacturing, innovation, and exporting, can do to create high-skilled jobs in the U.S. Marlin Steel Wire designs and manufactures all of its products in the Baltimore area and exports 25 percent of those products to 34 countries around the world. The company’s raw materials are all American-made– the steel wire is delivered from Illinois and sheets of steel from Indiana. No materials are imported. They have also heavily invested in American-made equipment like the “Punch Press.”
As noted in a recent White House report, the President has enacted a number of specific measures — including 18 business tax cuts — that benefit small firms. Baltimore-based businesses like Marlin Steel Wire would stand to further benefit if the President’s new proposals are approved by Congress.
[Photo credit at conclusion of video: Marlin Steel Wire Products]