Manufacturing

Congress should enable SMEs to create Manufacturing Reinvestment Accounts.

To help SME manufacturers bootstrap themselves, Congress should establish a 401(k)-like “deferred investment” program for SME manufacturers allowing them to make tax-deferred investments into manufacturing reinvestment accounts, where the funds can be subsequently withdrawn tax-free if used for research and development, workforce training, or capital equipment investments. In 2011, Connecticut put such a program in place for its SME manufacturers.

2013 Aviation Summit Highlights Industry’s Contributions to U.S. Economic Competitiveness

April 2, 2013
| Blogs & Op-eds

The 2013 Aviation Summit, held on Thursday, March 28 at the U.S. Chamber of Commerce, showcased the critical contributions the U.S. aerospace and airline industries make to the U.S. economy, while highlighting policy issues that must be addressed if these industries are to remain globally competitive. This matters because, as ITIF explains in Fifty Ways to Leave Your Competitiveness Woes Behind: A National Traded Sector Competitiveness Strategy, the health of U.S. traded sector enterprises in industries such as aerospace, automobiles, and airlines—all far more exposed to global competition than local-serving firms and industries—simply can’t be taken for granted. 

Strengthening America’s Clean Energy Manufacturing Capability

March 28, 2013
| Blogs & Op-eds

In a piece for Ideas Lab, Matthew Stepp and Clifton Yin argue for continued support for DOE's recent Clean Energy Manufacturing Initiative. Manufacturing has been an overlooked and underfunded component of the nation’s economic competitiveness strategy for far too long and it’s particularly important for the nascent clean energy economy. The Initiative is a significant first step on the path to a robust U.S. clean energy manufacturing sector and will be a boon to clean energy innovation as a whole.

The Obama Administration should transform Fannie Mae into an industrial bank.

Former Intel CEO Andy Grove notably has called for a “scaling bank” to help scale innovations to production in the United States. To do this, the Obama administration should call for repurposing Fannie Mae into an industrial financing organization. The very existence of Fannie Mae reflects the fact that America has put more emphasis on consumption (housing) than on production (manufacturing). The new Fannie Mae (perhaps called the Federal National Industrial Mortgage Association) would buy and resell loans made to traded sector firms from banks and other lenders.

Why the 2000s Were a Lost Decade for American Manufacturing

March 14, 2013
| Blogs & Op-eds

ITIF estimates that over 60% of U.S. manufacturing job losses in the 2000s were due to competitiveness challenges, rather than productivity gains. While this was occurring, and while our leaders could not agree on whether it was a problem, other nations such as China and India were greatly increasing market share in the same industrial sectors, through coordinated national efforts to expand innovation, productivity and exports. We can expect overall manufacturing output, and the jobs that are based on it, to continue to recede unless we address the real problems we face. Namely, how do we make American firms more globally competitive to increase output, production and real growth? But that will be the topic for another day.

Solutions to Our Manufacturing Problems

March 11, 2013
| Blogs & Op-eds

ITIF board chairs Vic Fazio and Nancy Johnson argue for bipartisan solutions to manufacturing renewal.

Manufacturing Revival Radio: Rob Atkinson

February 21, 2013
Rob Atkinson was interviewed by Manufacturing Revival Radio on U.S. manufacturing and competitiveness.

Rob Atkinson was interviewed by Manufacturing Revival Radio on a variety of topics related to competitiveness and American manufacturing. He touched on the National Network of Manufacturing Institutes, strengthening our traded sector, and the importance of proper government investment in research and development.

The Real Reason Why Washington Should Care About Manufacturing

February 20, 2013
| Blogs & Op-eds

Manufacturing matters because it’s simply impossible to have a vibrant national economy without a healthy globally traded sector, and manufacturing is America’s most important traded sector.

Advanced Manufacturing: Today, Tomorrow, and Beyond

February 17, 2013
| Presentations

ITIF Senior Analyst Stephen Ezell presented on the future of advanced manufacturing at the AAAS annual conference. His presentation argued for the correct policies to support a robust advanced manufacturing climate in the United States. 

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