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New Balance, which employs 900 people at its Maine manufacturing facilities in Skowhegan, Norridgewock and Norway, issued a statement Wednesday commending U.S. Sen. Susan Collins, R-Maine, for her support of the Republican-led tax reform legislation approved by the Senate early Saturday morning.
The footwear company is headquartered in Boston and has five facilities in New England. It has more than 7,000 employees around the world and reported worldwide sales of $3.8 billion in 2016. www.newbalance.com
The company’s public support of Collins comes at a time when Maine’s senior senator is taking heat for supporting the Senate’s “Tax Cuts and Jobs Act,” which is now in the hands of a congressional conference committee charged with reconciling differences between the Senate’s tax reform legislation and the version approved by the House last month. As reported by the Bangor Daily News, five protesters were arrested Monday night after staging a sit-in at Collins’ Bangor office over her support of the Republican bill. “I’m shocked Sen. Collins would buy into that [bill],” one of the protesters, Jim Betts, 66, of Winthrop, told the newspaper.an
But New Balance applauded Collins for supporting legislation it said in a news release “will enhance the ability of the company to grow and create additional jobs in key U.S. regions like Maine.”
“New Balance is proud to employ hundreds of hardworking Americans who manufacture athletic footwear in the United States,” the company said in its statement of support. ”We applaud Sen. Collins’ efforts to encourage greater growth at our U.S. factories by reducing the corporate tax burden, incentivizing capital investment and creating long-term certainty. The Senate bill will allow New Balance to be more competitive and manufacture more footwear in Maine that we can export across the globe.”
New Balance cited three changes included in the Senate tax bill that are particularly important to the company:
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