Access to capital, both human and financial, and its importance to the success of the manufacturing industry along with discussions of methods to minimize structural costs
This report offers innovative, non-partisan, actionable ideas on how to create middle-class manufacturing jobs. The focus of this report is on six ideas on how to accelerate the innovative capacity of American manufacturing’s small and medium-sized enterprises (SMEs). Ideas include providing a more flexible education system, certification programs, and access to financing and technology.
State by state grades on areas such as productivity and innovation, human capital, global costs, diversification, venture capital, manufacturing, and logistics.
Shale Gas: A Game Changer for U.S. Manufacturing- July 2014
A country is only as strong as its capacity to build. Managed properly, the availability of low-cost shale gas could catalyze a renaissance in U.S. manufacturing, revitalizing the chemical industry and enhancing the global competitiveness of energy-intensive manufacturing sectors such as aluminum, steel, paper, glass, and food. This report summarizes and expands upon the University of Michigan-sponsored daylong Symposium “Shale Gas: A Game- Changer for American Manufacturing,” held on March 28, 2014 at the National Press Club in Washington, D.C. The Symposium’s purpose: to explore how the shale gas boom can be used to the best advantage of U.S. manufacturing.
Other Categories:Current State of MFG, Innovation, Capital & Cost, Federal/Industry Collaboration, Education & Workforce, Regulatory & Policy Recommendations, Sustainability
MAKING IN AMERICA: U.S. Manufacturing Entrepreneurship and Innovation - June 2014
The White House report, Making in America: U.S. Manufacturing Entrepreneurship and Innovation, demonstrates how new game-changing technologies are reducing the cost, increasing the speed, and making it easier for entrepreneurs and manufacturers to translate new ideas into products Made in America. These new technologies are already having an impact, with the growth rate in manufacturing entrepreneurship at its fastest pace in over 20 years. Other categories: Current State of MFG, Innovation, Capital & Cost, Global Competitiveness, Federal/Industry Collaboration, Education & Workforce
The Role of Exports in the United States Economy - May 2014
In his 2010 State of the Union Address, President Obama announced the National Export Initiative (NEI) as part of a government-wide strategy to promote exports. During the ensuing years, as the U.S. recovered from the economic downturn in the “Great Recession,” the growth in U.S. exports has been one of the major success stories in the U.S. economy. Since 2009, exports have helped pull the U.S. economy out of the devastating recession that occurred between 2007 and 2009. Exports have contributed more to the growth of gross domestic product (GDP) in this recovery than in the previous recovery; have helped support millions of high-paying jobs in the U.S.; and have been responsible for major contributions to the economic performance of many states and metropolitan areas. Moving forward, exports will continue to make important contributions to the U.S. economy and the NEI/NEXT is structured to do more to help U.S. manufacturers, farmers, workers and innovators sell Made-in-America products and services world-wide to the benefit of our economy.
Other categories: Capital & Cost, Global Competitiveness, Federal/Industry Collaboration, Education & Workforce, Regulatory and Policy Recommendations, Productivity
2014 Global R&D Funding Forecast - December 2013
While R&D funding isn’t the sole indicator of how a nation, region or industry will perform, it certainly is a fundamental consideration among other factors like science, technology, engineering and mathematics education levels, capital markets, healthcare, infrastructure, property rights and immigration policy. Each section of this report forecasts research and development levels for 2014, closely examining the expected funding for a region or industry. There are many important projections and key findings for each country and industry under discussion.
Other Categories: Innovation, Global Competitiveness,Federal/Industry Collaboration,Education & Workforce
The Emerging U.S. Rail Industry: Opportunities to support American manufacturing and spur regional development - November 2013
A number of factors have come together to heighten the importance of rail transit to the U. S. economy. These same factors present new opportunities for domestic manufacturers of rail cars and equipment to benefit, however, historical and structural barriers to seizing these opportunities exist. This paper explores each of these areas in detail and makes recommendations to policy makers on how they might best support a strong and growing domestic supply chain for the rail transit industry.
Other Categories: Innovation, Global Competitiveness,Federal/Industry Collaboration,Education & Workforce, Supply Chain
New Report: Foreign Direct Investment In the United States - October 2013
The United States has been the world’s largest recipient of foreign direct investment (FDI) since 2006. Every day, foreign companies establish new operations in the United States or provide additional capital to established businesses. With the world’s largest consumer market, skilled and productive workers, a highly innovative environment, appropriate legal protections, a predictable regulatory environment, and a growing energy sector, the United States offers an attractive investment climate for firms across the globe.
Other Categories: Innovation, Global Competitiveness, Supply Chain
Sparking Economic Growth 2.0: Companies Created from Federally Funded University Research, Fueling American Innovation and Economic Growth - October 2013
This report focuses on how federal investment in basic scientific research stimulates the economy, specifically by creating companies. The report discusses how federal funding for this type of scientific research is in jeopardy and is on a downward trend. The report also emphasizes the importance of innovation. It references a link to a database with the profile of the companies from the report.
Other Categories: Current State of MFG, Innovation, Federal/Industry Collaboration
Manufacturing Productivity, Through the Great Recession: What Does It Mean for the Future? - June 2013
Manufacturing has been one of the major bright spots in the economic recovery of the last few years, but this report notes that the importance of manufacturing to the economy is not uniform across the U.S. as manufacturing industries are concentrated in certain locations. This study examines county-level data to assess the importance of manufacturing in local economies throughout the U.S. and find that, although almost all states include some counties where manufacturing accounts for a significant share of jobs and earnings, such counties are concentrated in the Midwest and the South, are more likely to be outside metropolitan areas, and are relatively small.
Other Categories: Innovation, Regulatory & Policy Recommendations, Productivity
Technology Transfer: Use of Federally Funded - December 2012
This paper focuses on technology transfer to the private sector, as well as to local and state governments, and the rationale for federal interest and involvement. Current federal efforts to promote technology transfer is also examined, as well as a look at the small business technology transfer program and patenting. At issue is whether incentives for technology transfer remain necessary, if additional legislative initiatives are needed to encourage increased technology transfer, or if the responsibility to use the available resources now rests with the private sector.
Other Categories: Innovation, Federal/Industry Collaboration, Regulatory & Policy Recommendations
Why America Needs A National Network for Manufacturing Innovation - December 2012
This paper discusses why America needs a National Network for Manufacturing Innovation. Part one of the paper makes the case for an innovation-centered national manufacturing policy. It lays out key challenges facing the U.S. manufacturing sector, advances reasons why the nation should care about manufacturing, and sets forth the rationale for an active federal role in fostering manufacturing innovation. Part two of the paper articulates five key principles that should govern the design of the NNMI. These principles include: focus on innovation challenges, support for the full innovation process, collaboration among academia, a bottom-up competitive process, managed by the federal government, and a private-public co-investment.
Other Categories: Innovation, Federal/Industry Collaboration, Regulatory & Policy Recommendations
Manufacturing and Logistics 2012 National Report - June 2012
State by state grades on areas such as productivity and Innovation, human capital, global costs, diversification, venture capital, manufacturing, and logistics.
Other Categories: Innovation, Global Competitiveness, Education & Workforce, Productivity
Worse Than the Great Depression: What the Experts Are Missing About American Manufacturing Decline - March 2012
Debunks widely held myths about productivity gains, restructuring, and a manufacturing renaissance and reveals the stark reality of a historic decline in U.S. competitiveness and unprecedented deindustrialization. The report explains what the United States is experiencing is not merely another boom and bust cycle but a structural decline more akin to what Britain experienced in the 1960s and 1970s when it lost its industrial leadership.
Other Categories: Global Competitiveness, Education & Workforce, Productivity
Make An American Manufacturing Movement - December 2011
The key challenges and solutions outlined in Make: An American Manufacturing Movement appear below: 1. Challenge: Fueling Investments in the Innovation and Production Economy from Start-up to Scale-up Solution: Enact fiscal reform, transform tax laws, regulations and other structural costs to spur investment, ramp up production, capitalize growth companies, and create skilled jobs 2. Challenge: Expanding U.S. Exports, Reducing the Trade Deficit, Increasing Market Access and Responding to Foreign Governments Protecting Domestic Producers Solution: Create fair and open global markets for U.S. goods and services to reduce the trade deficit and increase exports as a percentage of GDP 3. Challenge: Harnessing the Power and Potential of American Talent to Win the Future Skills Race Solution: Prepare the Next Generation of Innovators, Researchers and Highly-Skilled Workers
Other Categories: Current State of MFG, Innovation, Capital & Cost, Global Competitiveness, Federal/Industry Collaboration, Education & Workforce,
Growing Your Region’s Economy with Small Businesses and Entrepreneurs - December 2011
NADO's publication highlights the innovative approaches being taken by five regional development organizations (RDO) in Colorado, Oregon, Texas, and Wisconsin to spur job growth through new business startups or existing business expansions.
Other Categories:Innovation, Capital & Cost, Best Practice, Productivity
Riding the New Wave in Manufacturing to More Jobs and a
Better Economy - November 2011
Time is of the essence. Because longer-term initiatives require sustained public support and political will, we need to demonstrate the potential of manufacturing to create jobs now. Over the longer term, however, the U.S. hold on manufacturing must rely not just on a tenuous advantage in factor costs, but on better quality control, customer responsiveness and inter-firm efficiency.
Other Categories:Current State of MFG, Innovation, Capital & Cost, Education & Workforce, Productivity
Connecting Small Manufacturers with the Capital Needed to Grow, Compete, and Succeed: Small Manufacturers Capital Access Inventory and Needs Assessment Report - November 2011
The report notes that the scarcity of available capital and credit is particularly impactful on the manufacturing sector, which is very capital intensive and often requires the financing of Just-in Time inventories and receivables over longer periods than other sectors of the economy. Other categories: Capital & Cost, Global Competitiveness
Made in America Again, Why Manufacturing Will Return to the U.S. - August 2011
China's overwhelming manufacturing cost advantage over the U.S. is shrinking fast. Within five years, a Boston Consultanting Group analysis concludes, rising Chinese wages, higher U.S. productivity, a weaker dollar, and other factors will virtually close the cost gap between the U.S. and China for many goods consumed in North America.
Other Categories: Current State of MFG, Capital & Cost, Global Competitiveness
Who Creates Jobs? Small vs. Large vs. Young*- August 2011 There’s been a long, sometimes heated, debate on the role of firm size in employment growth. Despite skepticism in the academic community, the notion that growth is negatively related to firm size remains appealing to policymakers and small business advocates. The widespread and repeated claim from this community is that most new jobs are created by small businesses. Using data from the Census Bureau Business Dynamics Statistics and Longitudinal Business Database, this report explores the many issues regarding the role of firm size and growth that have been at the core of this ongoing debate (such as the role of regression to the mean). The study finds that the relationship between firm size and employment growth is sensitive to these issues. However, their main finding is that once they control for firm age there is no systematic relationship between firm size and growth. The findings highlight the important role of business startups and young businesses in U.S. job creation. Business startups contribute substantially to both gross and net job creation. In addition, the study finds an “up or out” dynamic of young firms. These findings imply that it is critical to control for and understand the role of firm age in explaining U.S. job creation. Other Categories: Innovation, Education & Workforce
Growth Through Innovation: Building a Long-Term Strategy for Growth through Innovation - May 2011
History has amply demonstrated that innovation in the public and private sectors is the most important key to long-term U.S. prosperity and economic competitiveness. Yet in the United States today, innovation is at risk of stalling just at a time when rising international competition is on the upswing and the U.S. economy is still reeling from a deep recession. Priorities for action start with turning three deficits—budget, investment/savings and trade—into surpluses. This will require action by the public sector—to provide tax credits for innovation and more forward-thinking trade policies, for example—and the private sector, including businesses, universities and private research firms that reward education and job skills.
Other Categories: Innovation, Capital & Cost, Global Competitiveness, Federal/Industry Collaboration, Education & Workforce, Regulatory & Policy Recommendations
The Manufacturing Mandate: A National Manufacturing Strategy to Help Rebuild and Strengthen the U.S. Manufacturing Sector - August 2010
Quick and easy read provides a consensus scan of trade associations that focuses on: Incentivize innovation and R&D; assure availability of capital; increase global competitiveness; minimize structural cost burdens; enhance collaboration; “smartforce” for talent.
Other Categories: Innovation, Global Competitiveness, Federal/Industry Collaboration, Education & Workforce, Regulatory & Policy Recommendations
Manufacturing Resurgence- A Must for US Prosperity - January 2010
Scans the variety of challenges and strategy options from a trade association perspective.
Other Categories: Global Competitiveness, Regulatory & Policy Recommendations, Productivity