ADVANCED MANUFACTURING is a matter of fundamental importance to the economic strength and national security of the United States. Advanced manufacturing capabilities are essential for turning research discoveries, inventions, and new ideas into better or novel products—our nation’s ability to innovate. Innovation, in turn, drives U.S. economic growth and growth of U.S. productivity. There are many interrelated elements of an innovation ecosystem—entrepreneurs, workers, tax policies, to name a few—but without manufacturing, the economic power and dynamism of innovation fade.
Learn more: http://manufacturing.gov/advanced_manufacturing.html .
MAKE IT IN AMERICA America’s manufacturing sector plays a major role in the U.S. economy. When manufacturers are developing and producing innovative products that are sold around the world, the U.S. economy grows. Increased manufacturing also encourages the growth of secure, well-paying jobs. To make a measurable impact on rebuilding U.S. manufacturing and creating jobs, the Manufacturing Extension Partnership is focused on a “Make It In America” agenda. .
MEP supports job creation now and in the future by encouraging manufacturers to collaborate in developing products in America. Through various public-private partnerships, MEP provides a valuable infrastructure that fosters resilient processes for manufacturers to “Make it in America”. Learn more: http://manufacturing.gov/miia.html .
US manufacturing continues to decouple from rest of world
10/1/14 Chris Williamson | Chief Economist, Markit
An initial glance at the global manufacturing PMI suggest that business activity in the world’s factories continued to grow at a steady rate in September, albeit with the pace dipping slightly on August. However, a deeper dive into the numbers presents more worrying picture. The global upturn has become increasingly dependent on the fast-expanding US manufacturing economy, with the pace of expansion in the rest of the world slipping to near stagnation.
Manufacturing expansion driven by US
The JPMorgan Global Manufacturing PMI™, compiled by Markit, edged down from 52.5 in August to 52.2 in September, its lowest since May. The survey data are broadly consistent with global manufacturing output growing at an annual rate of 4% in recent months, broadly similar to the pace seen over the past year.
For more: http://www.markit.com/Commentary/Get/01102014-Economics-US-manufacturing-continues-to-decouple-from-rest-of-world
Factory Job Gains Under Obama Best Since Clinton: BGOV Barometer
Sep 25, 2012 9:00 PM PT By Shobhana Chandra – bloomberg
In an election focused on jobs, President Barack Obama can boast of crossing one milestone: the longest stretch of employment gains in manufacturing in almost two decades.
The BGOV Barometer shows U.S. factory positions have grown since early 2010, arresting a slide that began toward the end of the 1990s. It’s the best showing since the era of Bill Clinton, the only president in the last 30 years to leave office with more factory jobs than when he began.
“The gain in manufacturing jobs is certainly helpful, it is one way to show we’re moving forward,” said Terry Madonna, a political science professor and director of the Franklin & Marshall College poll in Lancaster, Pennsylvania. “President Obama has to create a psychology all over the country that things are getting better. This is a piece explaining that idea.”
For more: http://www.bloomberg.com/news/2012-09-26/factory-job-gains-under-obama-best-since-clinton-bgov-barometer.html .
US Manufacturing Activity Strays Strong
10/1/14 By Myles Udland – Business Insider
Markit’s September US manufacturing PMI came in at 57.5.
Expectations were for the report to come in at 57.9, unchanged from last month.
In a release, Markit said, “September data pointed to another positive month for the US manufacturing sector, with strong rates of output and new orders growth underpinning the fastest expansion of payroll numbers for two-and-a-half years. There were again signs of rising price pressures in the manufacturing sector, with input costs and factory gate changes rising at the sharpest rates since December 2013.”
Read more: http://www.businessinsider.com/markit-us-manufacturing-pmi-september-2014-10
Corporate U.S. Healthiest in Decades Under Obama With Lower Debt
Oct 1, 2014 6:56 PM PT By Thomas Black and Matt Robinson – bloomberg
Steve Wynn, founder of the Wynn Resorts Ltd. (WYNN) casino empire, once called President Barack Obama’s administration “the greatest wet blanket to business and progress and job creation in my lifetime.” Barry Sternlicht, chief executive officer of Starwood Property Trust Inc. (STWD), said Obamacare was driving down wage growth and “affecting spending and the desire to buy houses and everything else.”
They are among a chorus of corporate executives and lobbying groups that regularly assail Obama for policies that they say are stifling investment and hurting companies.
Corporate and economic statistics almost six years into his administration paint a different picture. Companies in the Standard & Poor’s 500 (SPX) Index are the healthiest in decades, with the lowest net debt to earnings ratio in at least 24 years, $3.59 trillion in cash and marketable securities, and record earnings per share. They are headed this year toward the fastest average monthly job creation since 1999, manufacturing is recovering and the U.S. has returned as an engine for global growth. The recovery, which stands in contrast to weak growth in Europe and Asia, has underpinned an almost threefold gain in the Standard & Poor’s 500 Index since March 2009.
Wynn has been part of that recovery. Since Obama first took the oath on Jan. 21, 2009, the shares of his luxury hotel company have surged fivefold while the S&P 500 Index more than doubled. Starwood Property Trust, Sternlicht’s Greenwich, Connecticut-based real estate company, has risen 36 percent since its August 2009 initial public offering, while an index of real estate investment trusts declined.
“The U.S. is leading the way — we’re the only major economy with accelerating growth,” said Mark Zandi, chief economist in West Chester, Pennsylvania, for Moody’s Analytics Inc. and a registered Democrat who has advised both the Obama administration and Senator John McCain, a Republican. “Obama deserves some credit for that, but he probably won’t get it.”
For more: http://www.bloomberg.com/news/2014-10-02/corporate-u-s-healthiest-in-decades-under-obama-with-lower-debt.html
- President Obama’s Blueprint for Manufacturing: http://www.whitehouse.gov/blog/2012/01/25/everything-you-need-know-about-presidents-blueprint-manufacturing
- 6/17/14 President Obama’s Executive Action to Spur Innovation and Entrepreneurship to Revitalize American Manufacturing
- FACT SHEET: President Obama Announces New Manufacturing Innovation Institute Competition
- Manufacturing Data Community Bringing together new technologies, facilities, and opportunities from the government for American researchers, innovators, and manufacturers. Look at the data, use the apps, join the conversation. Learn more: http://www.data.gov/manufacturing/community/manufacturing .
- Manufacturing.gov features news and information on the National Network for Manufacturing Innovation and other federal technology initiatives designed to strengthen the connection between U.S. manufacturing and our nation’s success in inventing, innovating, producing, competing, and, ultimately, building future prosperity.
- RESHORING Recognizing that the competitiveness and job-generating ability of a nation is determined by its desirability as a place for businesses to operate, SelectUSA was created at the federal level to showcase the United States as the world’s premier business location and to provide easy access to federal-level programs and services related to business investment. SelectUSA is designed to complement the activities of our states—the primary drivers of economic development in the United States. Learn more: http://selectusa.commerce.gov ..
- Presidential Proclamation — National Manufacturing Day, 2014
Portals and Partners
Security and Prosperity Partnership of North America
What is Manufacturing Day?
Manufacturing Day addresses common misperceptions about manufacturing by giving manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing is — and what it isn’t. By working together during and after MFG DAY, manufacturers will begin to address the skilled labor shortage they face, connect with future generations, take charge of the public image of manufacturing, and ensure the ongoing prosperity of the whole industry.
Supported by a group of industry sponsors and co-producers, MFG DAY is designed to amplify the voice of individual manufacturers and coordinate a collective chorus of manufacturers with common concerns and challenges. The rallying point for a growing mass movement, MFG DAY empowers manufacturers to come together to address their collective challenges so they can help their communities and future generations thrive.
For more: http://www.nist.gov/mep/mfgday-infographic.cfm/
Friday, October 3, 2014
President Obama holds a town hall meeting on American Manufacturing
Millennium Steel, Princeton, Indiana