The United States once had the largest manufacturing base in the world, and it is time for the United States to redevelop its manufacturing enterprises. With that in mind, lawmakers are working to encourage manufacturing and to make it easier for companies to create factories, plants and new jobs. These lawmaker efforts are essential to growing the U.S.manufacturing base, providing opportunities for manufacturer innovation and improving the economy.
Encouraging manufacturing is one of the Obama administration's primary goals. President Obama is working with leaders and lawmakers to reshape the manufacturing industry and create opportunities for manufacturers to start or expand operations in the United States. This is a bipartisan initiative, and lawmakers on both sides of the aisle are working together to encourage manufacturing and create laws that benefit manufacturers.
In January 2014, President Obama announced the creation of a new manufacturing hub designed to research high-powered electronic chips to be used in the development of electronics and engines. The president is working with lawmakers to create a network of manufacturing hubs, in the hope that this initiative will encourage manufacturing and create jobs.
President Obama's manufacturing hubs are not the only initiatives currently being taken to encourage manufacturing. In February 2014, Congressman Tom Reed (R-NY) proposed a bill titled the Revitalize American Manufacturing and Innovation (RAMI) Act. This bill provides funding for manufacturers as well as funds to support workforce training. The legislation also proposes a network of regional manufacturing institutes, each focused on a different area of manufacturing. The bill is not yet passed, but it has received bipartisan support.
The RAMI Act's workforce training component is a key issue in the manufacturing world today. As manufacturing becomes more technologically sophisticated, manufacturing companies are in need of highly skilled workers who are specifically trained to operate high-tech manufacturing equipment. Manufacturing companies often have trouble finding these workers, but workforce training programs help people prepare for these important jobs.
State legislators are also doing their part to encourage manufacturing. This April, state legislators in New York made it possible for manufacturers to operate in New York without paying corporate income tax. Legislators took this step to encourage manufacturers to keep business in the state of New York instead of taking it elsewhere. They also hope the legislation will spur the growth of new businesses and new jobs.
President Obama's new manufacturing hubs, the proposed RAMI Act, the New York tax change and other lawmaker efforts are essential to grow the U.S. manufacturing base and provide opportunities for U.S. manufacturers to create facilities and jobs. Lawmakers are working to encourage manufacturing because they know that the U.S. manufacturing base is important to innovation, job growth and the overall economy.
(Photo courtesy of photoraidz / freedigitalphotos.net)
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