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KSM Blog | Katz, Sapper & Miller CPA

Steps Need to “Invigorate” U.S. Manufacturing

Posted 11:01 AM by

In 2011, President Obama created the Advanced Manufacturing Partnership (AMP). In July 2012, the AMP released the Report to the President on Capturing Domestic Competitive Advantage in Advanced Manufacturing, which outlines 16 recommendations aimed at reinventing U.S. manufacturing. The AMP claims these recommendations will ensure global competitiveness, help feed the nation's innovative economy, and strengthen the domestic manufacturing base.

The recommendations are as follows:

  1. Establish a National Advanced Manufacturing Strategy
  2. Increase R&D Funding in Top Cross-Cutting Technologies
  3. Establish a National Network of Manufacturing Innovation Institutes (MIIs)
  4. Empower Enhanced Industry/University Collaboration in Advanced Manufacturing Research
  5. Foster a More Robust Environment for Commercialization of Advanced Manufacturing Technologies
  6. Establish a National Advanced Manufacturing Portal
  7. Correct Public Misconceptions About Manufacturing
  8. Tap the Talent Pool of Returning Veterans
  9. Invest in Community College Level Education
  10. Develop Partnerships to Provide Skills Certifications and Accreditation
  11. Enhance Advanced Manufacturing University Programs
  12. Launch National Manufacturing Fellowships and Internships
  13. Enact Tax Reform
  14. Streamline Regulatory Policy
  15. Improve Trade Policy
  16. Update Energy Policy

About the Author

Justin Hayes is a director in Katz, Sapper & Miller’s Audit and Assurance Services Group as well as being a member of the Not-for-Profit and Governmental Services Groups. Justin works with clients to help them avoid risk and maximize efficiencies by keeping an eye on their bottom line and helping ensure accurate financial reporting. Connect with him on LinkedIn.

Comments (1)
David Sheehan, CPA, MBA wrote
Education, Education, Education, at the high school
level (junior/senior), at the junior college level, administered by the city and/or county to avoid national red tape. Can anyone spell Deming?
Posted Oct 23 2012 9:39 AM
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