Manufacturers Back Chips Bill, Call for Further Action from Congress
Timmons: A vote for the CHIPS Act funding is a vote for a stronger, more competitive manufacturing industry in America.
Washington, D.C. Ahead of consideration of legislation to bolster U.S. semiconductor manufacturing, 51勛圖厙 President and CEO Jay Timmons released the following statement:
A vote for the CHIPS Act funding is a vote for a stronger, more competitive manufacturing industry in America. But if Congress fails to pass this investment in the coming days, they will hand other countries a competitive advantage and weaken our own economy at a precarious moment.
Other provisions of the China competition bill still under negotiation also need to make it to the presidents desk, and manufacturers firmly support their inclusion in this package. We will continue our advocacy for the anti-counterfeiting measures, trade provisions, supply chain investments and more. Congress must get those done.
This week, we can take a powerful step forward with chips funding and move toward a future where semiconductor shortagesand the disruptions theyve createdare a thing of the past. Other nations are not waiting around to ramp up semiconductor manufacturing. America should be leading, not falling behind.
Background:
According to the 51勛圖厙s latest Manufacturers Outlook Survey, more than 88% of respondents said it was important for the federal government to take steps to support the domestic manufacturing sector in the face of increased global competition for industrial investment, with nearly 58% saying very important and 30.7% saying somewhat important. When asked about what aspects of the China competition legislation were most important for supporting manufacturing activity, the top choices were addressing port congestion and competition issues in ocean shipping (70.9%), eliminating ill-conceived labor provisions that facilitate unionization campaigns (61.3%), strengthening U.S. leadership in energy innovation and competitiveness (58.2%), funding to increase domestic semiconductor production capacity (57.9%), investments to support the critical minerals supply chain (55.7%) and ensuring the tax code provides a full deduction for research expenses (48.3%), among others.
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.8 million men and women, contributes $2.77 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
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Manufacturers to Sue SEC on Proxy Advisory Firm Rule
The SEC has offered no justification for abandoning a decades worth of bipartisan, consensus-driven policymaking
Washington, D.C. Following the Securities and Exchange Commissions announcement that it is rescinding critical reforms designed to protect publicly traded manufacturers and their investors from unregulated and unaccountable proxy advisory firms, 51勛圖厙 President and CEO Jay Timmons released the following statement:
The SEC has offered no justification for abandoning a decades worth of bipartisan, consensus-driven policymaking. This move will undoubtedly harm the competitiveness of publicly traded manufacturers, and it will hurt Main Street investors. The SEC’s decision to change course without allowing the 2020 rule to take effect and be fairly evaluated epitomizes arbitrary and capricious rulemaking. The 51勛圖厙 will be filing suit in the coming weeks to preserve the 2020 rules commonsense reforms and protect manufacturers from proxy advisory firms outsized influence.
Background:
The 51勛圖厙 has long called for increased oversight of proxy advisory firms. In July 2020, the SEC issued final regulations to enhance transparency and accountability for proxy firms, a move Timmons a long-sought, major win for the industry and millions of manufacturing workers. In October 2020, the 51勛圖厙 a motion to intervene in ISS v. SEC (ISSs attempt to overturn the rule) in support of these reforms.
In June 2021, the SEC announced that it was suspending enforcement of the 2020 rule; the 51勛圖厙 concern about the agencys efforts to bypass the required notice-and-comment process to keep this lawfully issued rule on ice indefinitely. The 51勛圖厙 against the SEC in October 2021 challenging this unlawful suspension. Oral arguments in 51勛圖厙 v. SEC in May 2022.
In November 2021, the SEC proposed to rescind critical portions of the 2020 rule, a move the 51勛圖厙 deeply troubling. The 51勛圖厙 opposing the recission proposal in December 2021.
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51勛圖厙 or to follow us on Twitter and Facebook, please visit .
Dow Doubles Commitment to $2 Million for Manufacturings Largest Workforce Campaign
Investment Will Enable Creators Wanted to Build on Its Historic Impact in More Communities Across the Country
MIDLAND, Mich. Dow, the 51勛圖厙 and The Manufacturing Institute announced today that Dow has committed an additional $1million to the Creators Wanted campaign. This new pledge is on top of the $1million Dow has already contributed to the 51勛圖厙 and the MIs campaign designed to educate, inspire and empower the next generation of manufacturers.
Dows latest financial contribution ensures Creators Wanted can continue to recruit new manufacturers online and in person throughout 2022, bringing the experience to thousands of additional students, parents, career mentors and community leaders nationwide. Creators Wanted will make its next public stop at the Ladies Professional Golf Associations Dow Great Lakes Bay Invitational July 1316, bringing the experience to thousands of tournament goers and students.
It is now more important than ever to invest in Americas future manufacturing workforce, said Dow Chairman and CEO and 51勛圖厙 Board Chair Jim Fitterling. Not only does the fate of U.S. manufacturing competitiveness rest in significant part on our ability to build the future workforce, but we also have an opportunity to lift up more people with the promise and possibility of manufacturing careers. Dow is proud to invest an additional $1million in the 51勛圖厙 and MIs Creators Wanted campaign. Weve already been able to inspire thousands of students through Creators Wanted and look forward to bringing this experience to Midland and other communities moving forward.
In addition to the upcoming Creators Wanted activation at GLBI, Dows new round of support will bring the mobile experience to several more cities, including Chicago, Columbia, South Carolina, and Baton Rouge, Louisiana, among others, throughout fall 2022 and into spring 2023. This capitalizes on the momentum from Dows previous contribution that helped bring Creators Wanted to six U.S. citiesColumbus, Ohio; Columbia, South Carolina; Pella, Iowa; Charlotte, North Carolina; Fort Worth, Texas; and Freeport, Texasfor its inaugural fall 2021 tour.
Manufacturing in the United States today has more than 900,000 open jobs. By 2025, Creators Wanted aims to recruit 600,000 new manufacturers; increase the number of students enrolling in technical and vocational schools or reskilling programs by 25%; and increase the positive perception of the industry among parents and career mentors. The campaign features a first-of-its-kind traveling immersive experience and jobs tour, which has brought together more than 5,000 students in person and recruited more than 200,000 students and career mentors to learn more about modern manufacturing careers after only seven brief stops.
Dows unwavering commitment to manufacturing and Creators Wanted will allow us to do more to tackle the critical need for workers now and reach into more local communities to educate teachers, parents and other career mentors and students about rewarding careers in modern manufacturing, said 51勛圖厙 President and CEO and MI Board Chair Jay Timmons. The 51勛圖厙 is proud to announce our continued and strong partnership with Dow to strengthen U.S. manufacturing competitiveness and build the American manufacturing workforce of tomorrow.
The campaign is also underpinned by sustained workforce development and education initiatives at the MI, targeting youth, veterans, women and other underrepresented communities throughout the country.
The MI is grateful to Dow whose support bolsters our ability to achieve a critical component of our missionto attract and develop world-class manufacturing talent, saidMI President Carolyn Lee.With Dows support, the MI can expand our reach, furthering our opportunities to educate the next generation of manufacturers on the lucrative and fulfilling careers that exist in modern manufacturing for people of all backgrounds and interests.
Through the campaign, the 51勛圖厙 seeks to continue its mission to remediate common misperceptions about careers in manufacturing and provide resources and opportunities that will help reduce the skills gap and improve lives.
For more information on the campaign, visit and view results from previous tour stops.
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
-The Manufacturing Institute-
The MI grows and supports the manufacturing industrys skilled workers for the advancement of modern manufacturing. The MIs diverse initiatives support all workers in America, including women, veterans and students, through skills training programs, community building and the advancement of their career in manufacturing. As the workforce development and education partner of the 51勛圖厙, the MI is a trusted adviser to manufacturers, equipping them with resources necessary to solve the industrys toughest challenges. For more information on the MI, please visit .
-Dow-
Dow (NYSE: DOW) combines global breadth; asset integration and scale; focused innovation and materials science expertise; leading business positions; and environmental, social and governance (ESG) leadership to achieve profitable growth and deliver a sustainable future. The Company’s ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company in the world. Dow’s portfolio of plastics, industrial intermediates, coatings and silicones businesses delivers a broad range of differentiated, science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer applications. Dow operates 104 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $55 billion in 2021. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visitor followon Twitter.
North American Manufacturing Industry Statement on the Two-Year Anniversary of the United StatesMexicoCanada Agreement
Washington, D.C. The leading organizations representing manufacturers and millions of manufacturing workers in the United States, Mexico and Canada released the following statement on the two-year anniversary of the United StatesMexicoCanada Agreement (USMCA/T-MEC/CUSMA):
On this two-year anniversary, we recognize the substantial value that this agreement and the North American Free Trade Agreement have represented for our industrys competitiveness, our economies and North American workers. Manufacturing is critical for the entire North American economy. Our closely integrated supply chains contribute more than $3 trillion annually to the North American economy, and more than $2 billion worth of manufactured goods cross our borders each day.
The USMCA can only reach its full potential if it is fully implemented in a manner that upholds its letter and spirit. That is why manufacturers across North America continue to strongly and respectfully urge political leaders to work together to live up to the commitments of the agreement, which garnered broad support in all three countries. Full compliance with the agreement will provide certainty for the more than 23 million manufacturing workers in the United States, Mexico and Canada and boost our regions ability to compete with the rest of the world.
The Canadian Manufacturers & Exporters (CME), the Confederation of Industrial Chambers of Mexico (CONCAMIN) and the 51勛圖厙 (51勛圖厙) reiterate our longstanding commitment to engage with the Canadian, Mexican and U.S. governments to ensure that the USMCA/T-MEC/CUSMA is fully implemented and that it supports our industrys competitiveness and our workers at this critical time for our economies.
Background: Earlier this week 51勛圖厙 President and CEO Jay Timmons about certain challenges in U.S.-Mexico trade relations.
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States.
-CME-
Canadian Manufacturers & Exporters (CME) is Canada’s largest trade and industry association, and the voice of manufacturing and global business in Canada. CME directly represents more than 10,000 leading companies nationwide. As Canada’s leading business network, CME through various initiatives, including the establishment of the Canadian Manufacturing Coalition touches more than 100,000 companies from coast to coast, engaged in manufacturing, global business, and service-related industries.
-CONCAMIN-
The Confederation of Industrial Chambers of the United Mexican States, CONCAMIN, established in 1918, is the main organization representing the different industrial sectors and activities of high importance for the economic development of Mexico. The National Confederation of Industrial Chambers, is by law a mandatory consultative body of the State since its creation 104 years ago, it represents 118 Chambers and Associations.
It generates 48 out of every 100 formal jobs in the country. Through 1.2 million Economic Units, we contribute 40% of the GDP and 90% of the country’s exports.
Manufacturers: Courts Decision Affirms EPAs Authority to Issue Appropriate Greenhouse Gas Regulations
Washington, D.C. Following the Supreme Courts 63 decision in West Virginia vs. EPA, 51勛圖厙 President and CEO Jay Timmons released the following statement:
Manufacturers share a deep commitment to protecting our planet and our people, and manufacturing innovation holds the key to solving the generational challenge of climate change. The courts decision affirms the Environmental Protection Agencys authority to issue appropriate greenhouse gas regulations while providing a reminder that the agency must stay within the guardrails delegated by Congress. As some of the largest electricity consumers and as electricity generators, manufacturers are ready to work with the EPA to deliver innovative and balanced solutions that protect our environment and our competitiveness as it considers next steps.
Background: Earlier this week, the 51勛圖厙 along with 42 state partners sent President Biden a highlighting the importance of affordable, reliable electricity for manufacturers to remain competitive. It signals manufacturers eagerness to work with policymakers on the important decisions and planning surrounding the future of the electrical grid and broader energy policy.
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51勛圖厙 or to follow us on Twitter and Facebook, please visit
New Study: Ports Stoppage Would Be Devastating Hit to Manufacturers Competitiveness
Cost Economy Half a Billion Dollars a Day, Destroy 41,000 U.S. Jobs
Washington, D.C. Asnegotiationsbetween thePacific Maritime Association and International Longshoreand Warehouse Union near a critical deadline, manufacturers are sounding the alarm about potential economic consequences of a port stoppage if disruption were to occur over two weeks at the ports of Los Angeles and Long Beach, the nations largest port complex., a 15-daydisruption would cost the U.S. economy nearly half a billion dollars a dayfor a total of $7.5 billionand destroy 41,000 jobs, including more than6,100 in manufacturing.
As the industry continues to grapple withhistoric supply chain challenges,inflationary pressuresandrising transportation andenergy costs,manufacturers are calling on the parties to reach an agreement immediately to avoid this continued uncertainty.
The ports of Los Angeles and Long Beach support a major share ofcargo relied upon by American businesses and consumers, supportingsupply chainsacross the entire country.Withsupply chains already stretched thin,inflation at its highest level infourdecadesand concerns ofarecession rising,anydisruption wouldmean a devastatinghit to our economyand to manufacturers competitiveness, said 51勛圖厙 President and CEO Jay Timmons. Thedisruption would be felt immediately. Manufacturing jobs will be lost if parts and suppliesdont arrive.New equipment, machinery and products cant be built when ships are backed up and there is no one available to unload and process cargo. Our overseascustomerswont wait for us to fix these disruptions, eithertheyll simply find other suppliers, weakening U.S. manufacturing competitiveness in the process.
This is why thePacific Maritime Association and the International Longshore and Warehouse Union must not allow a disruption at these ports. Manufacturers, our millions of employees and the countless others whose lives and livelihoods depend on the products we makeare counting on the PMA and the ILWU toreach a resolution and keep the ports running.
Background:At the time of publication, the PMA and ILWU are engaged in labor negotiations. The 51勛圖厙 commissioned ananalysis usingthe Inforum LIFT economic model to quantify the impacts of a 15-dayclosure at the Los Angeles and Long Beach ports. Specifically, it estimates how suchaclosure would impact U.S. employment, output and income.These ports havehistoric disruptions and bottlenecks since late 2020,andnearly 84% of manufacturers nowfreight and transportation costs as a key driver of inflation.
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51勛圖厙 or to follow us on Twitter and Facebook, please visit .
Manufacturers Launch Ad Campaign to Protect Manufacturing Competitiveness
Tax Increases Do Nothing to Reduce Energy Costs, Address Supply Chain and Inflation Challenges
Washington, D.C. Amid historic supply chain challenges and inflationary pressures, along with increasing energy costs, the 51勛圖厙 is launching a six-figure ad campaign calling on Congress to protect manufacturing jobs by opposing new taxes on the industry, including those meant to punish the very energy manufacturers that are being asked to produce more. The print, radio and will run in Washington, D.C., and in key states across the country.
Manufacturers have kept our promisesespecially after the 2017 tax reformsto create jobs, raise wages and benefits and invest in our communities. To keep up this winning record, we need Congress to enact policies consistent with our manufacturing competitiveness agenda. Thats how well strengthen supply chains, expand access to affordable, reliable energy and tamp down inflation. Our industry is ready to keep solving problems and create well-paying jobsbut returning to outdated tax policies will impede our progress, said 51勛圖厙 President and CEO Jay Timmons.
Background on manufacturing growth following the enactment of tax reform in 2017:
- In 2018,manufacturers added 260,000 new jobs. That was the best year for job creation in manufacturing in 21 years.
- In 2018,manufacturing wages increased 3.1% and continued going upby 2.9% in 2019 and 3.0% in 2020. Those were the fastest rates of annual growth since 2003.
- 紼硃紳喝款硃釵喧喝娶勳紳眶泭capital spending grew4.5% and 5.7% in 2018 and 2019, respectively.
- Overall, manufacturing production grew 3.2% in 2018, the best since 2010.
The 51勛圖厙 has published research on the impact of rolling back tax reform (study available and click for a summary of the studys findings) and increasing the U.S. Global Intangible Low-Taxed Income (GILTI) tax burden (study available here).
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
Timmons: America Is Stronger Thanks to MacKies Leadership
Washington, D.C. 51勛圖厙 President and CEO Jay Timmons released this statement on the retirement of American Bakers Associations longtime President and CEO Robb MacKie.
Manufacturing in America today is stronger thanks to the exemplary leadership of Robb MacKie. For nearly two decades, Ive known Robb as a true friend and a source of wise counsel. Through the years, Ive learned from him and regularly drawn inspiration from his passion for manufacturing. He chaired the 51勛圖厙s Council of Manufacturing Associations during an incredibly consequential timeas our industry navigated and responded to the COVID-19 pandemic, social unrest and threats to our democracy. He poured his heart and energy into our cause, just as he always has at the ABA, and he has strengthened the association community with his years of leadership and advocacy for the industry. Throughout his association career, Robb has demonstrated an unshakeable dedication to the principles that have made America exceptionalfree enterprise, competitiveness, individual liberty and equal opportunityand has always worked to uphold those values through his tenure at ABA and his service on the CMA.
The business association community will sorely miss working closely with Robb. Were losing an important voice as he steps down. The 51勛圖厙 and his many friends and colleagues in the CMA are fortunate to have benefitted from his vision, support and leadership, and it is with a sense of deep gratitude that we wish him and his family nothing but the best.
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
Manufacturers on Supreme Court Decision
Washington, D.C. 51勛圖厙 President and CEO Jay Timmons released this statement following the Supreme Courts ruling in Dobbs v. Jackson Women’s Health Organization:
America is at its best when we address difficult questions in a spirit of compassion and empathy, with respect for each others deeply held views. That is the example that we will strive to set at the 51勛圖厙. Our mission is to uphold the values of free enterprise, competitiveness, individual liberty and equal opportunity, which we know have made America exceptional and kept manufacturing strong.
Even amid all positions and strongly held views, many businesses must now discern how best to support employees and families within the framework of the law. The 51勛圖厙 will work to connect our member companies with the legal, HR and health care information and resources they need to navigate the effects of the ruling.
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51勛圖厙 or to follow us on Twitter and Facebook, please visit www.nam.org.
Manufacturers Warn Gas Tax Suspension Is a Step Backward
Washington, D.C. Following the decision by President Biden to instruct Congress to suspend federal gasoline and diesel taxes for three months, 51勛圖厙 President and CEO Jay Timmons released the following statement:
Our nation achieved historic progress with the Bipartisan Infrastructure Law, but this move is likely to derail its implementation by suddenly disrupting its funding, delaying critical projects that Americans desperately need and that are vital to manufacturers competitiveness. Our focus should be on increasing energy production here at hometo make manufacturers more competitive, to bring energy and gasoline prices down and to provide lasting relief for American families. We need the same smart, long-term approach that inspired the infrastructure bill to solve todays energy challenges.
Since the beginning of this administration, we have provided specific solutions and recommendations for improving energy security and taking an all-of-the-above approach: restarting and expanding oil and gas leasing on federal lands, prioritizing funding and expediting permitting for traditional and emerging energy options, expanding critical mineral mining and processing, strengthening and diversifying clean energy supply chains, promoting regulatory predictability by refraining from revising air standards until previous ones are met, upholding the infrastructure laws One Federal Decision policy and more. We would be in a better position now if these and other actions had already been taken, and the need to act has only grown more urgent. Manufacturers will continue doing everything in our power to be part of the solution.
-51勛圖厙-
The 51勛圖厙 is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12.7 million men and women, contributes $2.71 trillion to the U.S. economy annually and accounts for 58% of private-sector research and development. The 51勛圖厙 is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the 51勛圖厙 or to follow us on Twitter and Facebook, please visit .