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White House Pledges Action to Help U.S. Manufacturing Grow

Posted 8:50 PM by

 

Earlier this year, President Obama announced his support to help grow one of the nation’s already fast-growing industries.

The manufacturing industry in the United States has filled over 700,000 jobs since early 2010. To capitalize on this growth, the Advanced Manufacturing Partnership (AMP) Steering Committee, which is made up of CEOs, labor leaders, and university presidents, was created as a part of the president’s Council of Advisors in Science and Technology.

The AMP recently released a report documenting recommendations that support the American manufacturing industry. These recommendations were reiterated in an executive action announcement this fall. The executive actions address the three main points in the report, including:

  • Enabling innovation
  • Securing the talent pipeline
  • Improving the business climate

In order to enable innovation, the government plans to invest approximately $300 million in emerging manufacturing technologies deemed competitive by the Departments of Defense, Energy, Agriculture and NASA. These technologies include advanced materials, advanced manufacturing sensors and digital manufacturing. “Technology testbeds,” which are Federal research facilities, will also be made available to companies to design, prototype and test new products or processes.

Securing talent in the manufacturing industry is imperative for the U.S. to remain competitive in future years. The Department of Labor is stepping-in to incentivize training within manufacturing companies by launching a $100 million American Apprenticeship Grant Competition. Additionally, to create awareness and teach younger generations about the industry, the Department of Commerce created Manufacturing Days all around the country.

Another competition was initiated by the National Institute of Standards and Technology Manufacturing Extension Partnership (NIST MEP) to build-up the business climate. This competition offers $130 million over five years across 10 states to help small manufacturers adopt new technologies and processes, who may not otherwise have the opportunities.

Through these executive actions, the Federal government is showing its support for the manufacturing industry and its key components.

About the Author
Morgan Wade is a member of Katz, Sapper & Miller’s Tax Department. Morgan is responsible for compliance and technical review of federal tax issues. She provides analytical research and planning services in the areas of individual and business taxation. Connect with her on LinkedIn.

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