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With the release of A Growth Agenda: Four Goals for a Manufacturing Resurgence in America, the National Association of Manufacturers (NAM) has plotted a course which it hopes will lead to further economic growth and increased competitiveness.
Recent figures suggest that the US economy has shrunk, with high unemployment and manufacturing growth levelling off. NAM’s pro-growth policies aim to reverse this trend, creating jobs and initiating growth.
Chairman and CEO of Caterpillar Inc, as well as Chair of the NAM Board of Directors, Doug Oberhelman stated:
“Manufacturers are urging policymakers to support and enact the pro-manufacturing policies that will spur job creation, provide a skilled workforce and help improve the pace of US economic growth.
“Manufacturing has the highest multiplier effect of any sector of our economy – investing in manufacturing creates a ripple effect of job creation and growth throughout the United States.
“We hope the President will include concrete actions in his address that will put US manufacturing front and centre as part of the plan for sustained economic recovery.”
The Growth Agenda seeks to ensure that:
- The United States will be the best place in the world to manufacture and attract foreign direct investment
- Manufacturers in the United States will be the world’s leading innovators
- The United States will expand access to global markets to enable manufacturers to reach the 95 percent of consumers who live outside our borders
- Manufacturers in the United States will have access to the workforce the 21st century economy demands
NAM President and CEO, Jay Timmons commented:
“Manufacturers have the capacity to transform a difficult and sluggish recovery into a high-octane economic revival. However, current policies in Washington are holding manufacturers back.
“It’s 20 percent more expensive to manufacture in the United States, excluding the cost of labour, and that cost disadvantage is largely our own doing. We need our leaders in Washington to commit to pro-growth policies that will make America more competitive.
“The four goals manufacturers have laid out are the keys to getting our nation moving again. Manufacturing makes America strong – and if Washington will adopt the roadmap manufacturers have provided them, we will certainly see our best days in front of us.”