Rep. LaHood Visits Eli Bridge Company for Facility Tour
Rep. LaHood, Business Leaders Discuss the Need to Fill the High-Skilled Jobs Required for Modern Manufacturing
Jacksonville, IL 泭On Friday,泭the 51勛圖厙 (51勛圖厙), the Illinois Manufacturers Association and Eli Bridge Company hosted Rep. Darin LaHood (IL-18) for a facility tour to discuss the need to fill the high-skilled jobs required for modern manufacturing, which is critical to Illinois economic prosperity.
Manufacturers appreciate Rep. LaHoods commitment to building the modern manufacturing workforce and expanding opportunities for American workers, said 51勛圖厙 President and CEO Jay Timmons. Eli Bridge Company, like manufacturers across this country, face an urgent need for trained, talented workers, a need that will only grow in the coming years. Right now, manufacturers have some 482,000 jobs to filljobs that are rewarding and high-paying and help families build brighter futures. By 2025, as many as 2 million manufacturing jobs could go unfilled, according to a by Deloitte and the 51勛圖厙s Manufacturing Institute. So, we need all elected leaders engaged, and were grateful for Rep. LaHoods leadership on this issue as well as other manufacturing issues like tax reform and regulatory relief, which have also empowered manufacturing workers.
During the facility tour, Rep. LaHood had the opportunity to see firsthand the types of high-skilled jobs required to run Eli Bridge Company machinery and equipment.
While meeting with employers across central Illinois, I consistently hear about the need for more skilled workers in all areas of our economy, whether its nursing, welding or truck driving, said Rep. LaHood. As our economy grows, this demand will only continue, and I look forward to working with community colleges, high schools, and trade unions on policies that will promote career technical education programs and apprenticeships that will give people the skills needed to succeed in todays economy.
Company leaders thanked Rep. LaHood for his commitment to helping build the high-skilled workforce to fill modern manufacturing jobs.
We thank Congressman LaHood for his vote on tax reform and his continued support of workforce development, said Patty Sullivan, president and CEO of Eli Bridge Company. At Eli Bridge Company, we are about to celebrate 100 years in Jacksonville, Illinois, and fervently need the next generation of shop floor workers. For example, we could expand our employee base by 30 percent if we could find qualified workers, from welders to engineers, in the area.
Darin LaHood is a champion for Illinois manufacturing, said Mark Denzler, vice president and chief operating officer of the Illinois Manufacturers Association. With tax reform and regulatory reform that is reducing costly and cumbersome regulations, the manufacturing sector is humming and leading Americas resurgence. However, we need to make sure that we have a strong education and workforce development system, and Darin is leading the effort to make sure that manufacturers have a pipeline of qualified workers to fill these jobs.
Manufacturing contributes an estimated $2.25 trillion to the U.S. economy and supports泭571,800 jobs in Illinois alone, according to the 51勛圖厙.
-51勛圖厙-
The 51勛圖厙 (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泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭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 Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
Rep. Rouzer Talks Workforce Development at Mt. Olive Pickle Company
Rep. Rouzer, Business Leaders Discuss the Need to Fill the High-Skilled Jobs Required for Modern Manufacturing
Mount Olive, NC Today,the 51勛圖厙 (51勛圖厙) and Mt. Olive Pickle Company hosted Rep. David Rouzer (NC-7) for a facility tour and workforce development roundtable to discuss the need to fill the high-skilled jobs required for modern manufacturing, which is critical to North Carolinas economic prosperity.
Manufacturers appreciate Rep. Rouzers commitment to building the modern manufacturing workforce and expanding opportunities for American workers, said 51勛圖厙 President and CEO Jay Timmons. Mt. Olive Pickle Company, like manufacturers across this country, face an urgent need for trained, talented workers, a need that will only grow in the coming years. Right now, manufacturers have some 482,000 jobs to filljobs that are rewarding and high-paying and help families build brighter futures. By 2025, as many as 2 million manufacturing jobs could go unfilled, according to a by Deloitte and the 51勛圖厙s Manufacturing Institute. So, we need all elected leaders engaged, and were grateful for Rep. Rouzers leadership on this issue as well as other manufacturing issues like tax reform and regulatory relief, which have also empowered manufacturing workers.
During the facility tour, Rouzer had the opportunity to see firsthand the types of high-skilled jobs required to run Mt. Olive Pickle Companys machinery and equipment.
As many in Wayne County know, Mt. Olive Pickle Company is critical to our local economyemploying approximately 500 folks in and around the area. It was an honor to visit the Mt. Olive facility, meet with employees and discuss the issues that matter most to them, said Rouzer. One of the main themes I keep hearing throughout the 7th District is the success our businesses and families have been experiencing as a result of tax cuts and tax reform. For far too long, individuals, families and businesses were burdened by an outdated and unfair tax code that was a drag on our economy and penalized hard-work. Lower taxes and a simpler tax code that rewards investment and hard workalong with the repeal of unnecessary and burdensome regulationshave created the conditions for a much stronger economy unleashing the talent and ingenuity of the American workforce. I look forward to Mt. Olives continued success and contributions to our citizens, economy and country.
During a roundtable discussion, company leaders thanked Rouzer for his commitment to helping build the high-skilled workforce needed to fill modern manufacturing jobs.
We have experienced significant growth in recent years, and that has generated a critical demand for dependable, skilled machine operators, maintenance technicians and general production employees, as well as those with capabilities in food science and other technical areas, said Mt. Olive Pickle Company Executive Chairman Bill Bryan. Our ability to continue to meet the demands of an increasingly sophisticated marketplace relies on having the right people in the right places within our organization.
Manufacturing contributes an estimated $2.25 trillion to the U.S. economy and supports泭460,200 jobs in North Carolina alone, according to the 51勛圖厙.
-51勛圖厙-
The 51勛圖厙 (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泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭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 Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
Rep. Foxx Visits Altec for Tour and Workforce Development Roundtable
Rep. Foxx, Business Leaders Discuss the Need to Fill the High-Skilled Jobs Required for Modern Manufacturing
Mt. Airy, NC 泭Today,the 51勛圖厙 (51勛圖厙) and Altec Inc. hosted Rep. Virginia Foxx (NC-5) for a facility tour and workforce development roundtable to discuss the need to fill the high-skilled jobs required for modern manufacturing, which is critical to North Carolinas economic prosperity.
Manufacturers appreciate Rep. Foxxs commitment to building the modern manufacturing workforce and expanding opportunities for American workers, said 51勛圖厙 President and CEO Jay Timmons. Altec, like manufacturers across this country, face an urgent need for trained, talented workers, a need that will only grow in the coming years. Right now, manufacturers have some 441,000 jobs to filljobs that are rewarding and high-paying and help families build brighter futures. By 2025, as many as 2 million manufacturing jobs could go unfilled, according to a study by Deloitte and the 51勛圖厙s Manufacturing Institute. So, we need all elected leaders engaged, and were grateful for Rep. Foxxs leadership on this issue as well as other manufacturing issues like tax reform and regulatory relief, which have also empowered manufacturing workers.
During the facility tour, Rep. Foxx had the opportunity to see firsthand the types of high-skilled jobs required to run Altecs machinery and equipment.
Manufacturing is at the heart of the 5th Districts economy, said Rep. Foxx. As the districts economy continues to evolve from historically manufactured products to cutting-edge innovations in areas such as telecommunications, I will continue to support policies that allow manufacturing to thrive. Altecs products and services enable workers to do what Americans do bestget the job done. Manufacturers like Altec contribute $100 billion to North Carolinas economy and employ over 460,000 residents of our state, and I look forward to supporting enterprises like Altec as we continue to put Americans back to work.
During a roundtable discussion, company leaders thanked Rep. Foxx for her commitment to helping build the high-skilled workforce to fill modern manufacturing jobs.
We appreciate the strong support we receive from Rep. Foxx,泭said Altec Chairman and CEO Lee Styslinger III. She has always recognized the importance of manufacturing in helping to generate economic growthboth in the U.S. as well as in her district. In addition, I commend Rep. Foxx for her outstanding leadership in the areas of education and workforce development. Her experience in education reform and her innovative ideas related to the changing nature of work are helping to develop important initiatives that will generate job growth for U.S. workers and help U.S. businesses meet the workforce challenges of the 21st century.
Manufacturing contributes an estimated $2.25 trillion to the U.S. economy and supports泭, according to the 51勛圖厙.
-51勛圖厙-
The 51勛圖厙 (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泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭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 Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
Manufacturing Institutes Lee: Jobs-Workforce Puzzle Is Solvable
Julys jobs report is a reminder that manufacturing is facing an industry crisis.
By: Manufacturing Institute Executive Director Carolyn Lee
According to a new jobs report released Friday morning,泭manufacturers in America added 37,000 jobs last month. Its yet another sign that the manufacturing sector is growing and creating jobs, thanks to boosts from federal tax and regulatory reform, but its also a reminder that manufacturing is facing an industry crisis.
The latest 51勛圖厙 (51勛圖厙)泭泭showed a record-breaking 95 percent of manufacturers expressing optimism about the future and reporting an all-time high for the expected rate of manufacturing job growth.
But the very same survey also found 77 percent of manufacturers expressing serious concerns about their ability to find enough skilled workers to fill all those open jobs. While this isnt a new issue manufacturers have cited it as a major concern for a long time today it has reached crisis levels, and recent soaring job growth is only compounding the challenge.
There are now more than 441,000 open jobs in manufacturing. By 2025, its projected that manufacturers will need to fill more than 3 million. Manufacturers in America might as well just have a permanent sign on their doors: Creators Wanted
Combatting this perception challenge and the associated workforce crisis is something that the organization I leadthe 51勛圖厙s Manufacturing Institute, which is dedicated to furthering manufacturing competitivenessis laser-focused on addressing
I was proud to join President Trump, Ivanka Trump泭and key workforce leaders at the White House in July as the president announced a newand necessarynational workforce strategy that, in line with manufacturers priorities, is focused on apprenticeships and training to prepare more workers for the technology-intensive jobs of the future.
The White Houses priorities are in the right place and complement the many workforce initiatives already underway at The Manufacturing Institute and at manufacturers and allied organizations across the country. Similarly, the presidents Pledge to America’s Workers is a welcome campaign to spur more training commitments across America.
-MI-
The Manufacturing Institute (the Institute) is the 501(c)(3) affiliate of the 51勛圖厙. As a non-partisan organization, the Institute is committed to delivering leading-edge information and services to the nations manufacturers. The Institute is the authority on the attraction, qualification and development of world-class manufacturing talent. For more information, please visit泭.
51勛圖厙 Praises Congressional Passage of Perkins CTE Reauthorization
Timmons: Todays Vote Sending Perkins CTE Reauthorization to President Trumps Desk Is a Major Step Toward Closing the Skills Gap
Washington, D.C. 51勛圖厙 (51勛圖厙) President and CEO Jay Timmons released the following statement after the U.S. House of Representatives passed H.R. 2353, the Strengthening Career and Technical Education for the 21st Century Act, which reauthorizes the Carl D. Perkins Career and Technical Education (CTE) Act:
This bipartisan legislation empowers a new generation of American workers to improve their lives with high-tech, high-paying jobs in modern manufacturing, said Timmons. Tax reform and regulatory relief have powered tremendous manufacturing growth, but to fill the jobs manufacturers are creating, we need more workers with the right skills. Our research shows there will be as many as 2 million unfilled manufacturing jobs by 2025 if we dont take additional steps to upskill our workforce, which is why the 51勛圖厙 has worked so hard to get this bill to the finish line.
Todays vote sending Perkins CTE reauthorization to President Trumps desk is a major step toward closing the skills gap and addressing this challenge. But the work does not stop here. Manufacturers are encouraged to have partners in the White House like the president and Ivanka Trump who are laser-focused on worker training and have proposed bold solutions and a national workforce strategy.
The 51勛圖厙 has been a key supporter of Perkins CTE reauthorization. The 51勛圖厙 earlier this year urged the Senate HELP Committee to advance reauthorization legislation and organized a coalition of nearly 500 business and education groups in support of the program. In addition, 51勛圖厙 members highlighted the need to reauthorize Perkins CTE at multiple hearings before Congress.
In the 51勛圖厙s latest quarterly outlook survey, manufacturers cited attracting and retaining a quality workforce as their number-one concern.
-51勛圖厙-
The 51勛圖厙 (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 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters 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 Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.
Rep. Kustoff Discusses Workforce Development at Stanley Black & Decker
Kustoff, Business Leaders Discuss the Need to Fill the High-Skilled Jobs Required for Modern Manufacturing
Jackson, TN 泭The 51勛圖厙 (51勛圖厙) and Stanley Black & Decker on Friday hosted Rep. David Kustoff (TN-8) for a facility tour and business leader roundtable to discuss the need to fill the high-skilled jobs required for modern manufacturing, which is critical to Tennessees economic prosperity.
Manufacturers appreciate Rep. Kustoffs commitment to building the modern manufacturing workforce and expanding opportunities for American workers, said 51勛圖厙 President and CEO Jay Timmons. Stanley Black & Decker, like manufacturers across this country, know that manufacturers face an urgent need for trained, talented workers, a need that will only grow in the coming years. Right now, manufacturers have some 441,000 jobs to filljobs that are rewarding and high-paying and help families build brighter futures. By 2025, as many as 2 million manufacturing jobs could go unfilled, according to a study by Deloitte and the 51勛圖厙s Manufacturing Institute. So, we need all elected leaders engaged, and were grateful for Rep. Kustoffs leadership on this issue as well as other manufacturing issues like tax reform and regulatory relief, which have also empowered manufacturing workers.
During the facility tour, Rep. Kustoff had the opportunity to see first-hand the types of high-skilled jobs required to run Stanley Black & Deckers machinery and equipment.
Manufacturing plays a huge role in Tennessees economy, said Rep. Kustoff. This industry not only employs more than 340,000 Tennesseans, but also invests heavily in the success of those they employ to create and sustain a top-notch, 21st-century workforce. Stanley Black & Decker right here in Jackson is a perfect example of a company that is invested in its people and committed to being at the forefront of innovation.
During a roundtable discussion, company leaders thanked Rep. Kustoff for his commitment to helping build the high-skilled workforce to fill modern manufacturing jobs.
As the pace of technological change continues to accelerate, we know the skills required for manufacturing workers is evolving, said Joe Voelker, chief human resources officer for Stanley Black & Decker. At Stanley Black & Decker, we are committed to providing our own employees and individuals around the world with the training, education and opportunity to thrive. Jackson, Tennessee is a great example of that effort in action. The facility is one of our Lighthouse Factories where we are implementing Industry 4.0, from manufacturing execution systems, to 3-D printing, virtual reality, robotics and artificial intelligence. Its an exciting and rewarding time to work in manufacturing.
Manufacturing contributes an estimated $2.25 trillion to the U.S. economy and supports泭341,500 jobs in Tennessee alone, according to the 51勛圖厙.
-51勛圖厙-
The 51勛圖厙 (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泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭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 Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
51勛圖厙s Timmons Discusses Record Manufacturer Optimism on Fox Business
Timmons Touts New Quarterly Survey Results, Says Manufacturers Are Going To Deliver On Their Promises
Timmons On Record Manufacturer Optimism Following Tax Reform
Weve been working for 30 years to enact comprehensive tax reform and regulatory relief. We got that done and now seeing the results from it. So, as you said, a 20-year high in our quarterly survey [A]nd in exchange, we promised that we would hire new workers. We would invest in plants and equipment here in the United States and raise wages and benefits. Were seeing the results of that. In fact, 86 percent of our members say that they will invest in new plants and equipment, 77 percent say they are hiring new employees and 72 percent say they’re raising wages and benefits. We have to keep our word to the American people or else this exercise was for not.
Timmons On Tax Reforms Critics
I get that there are skeptics out there, and I think its healthy in a democracy to question the policies that are enacted. But I can tell you this: manufacturers are going to deliver. In the last six months, we created 115,000 new jobs. That is double what it was over the course of the last year. All I can say is watch us work.
Yesterday, the 51勛圖厙泭泭the results of泭the泭泭for the second quarter of 2018, which showed 95.1 percent of manufacturers have a positive outlook for their companiesan all-time record in the surveys 20-year historyfollowing enactment of the Tax Cuts and Jobs Act.
-51勛圖厙-
The 51勛圖厙 (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 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters 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 Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
51勛圖厙 Q2 Survey Shows All-Time Record for Optimism
95.1 Percent of Manufacturers Report Positive Outlook in Wake of Tax Reform
Washington, D.C. 泭The51勛圖厙 (51勛圖厙) today released the results of the泭泭for the second quarter of 2018, which shows that 95.1 percent of manufacturers have a positive outlook for their companiesan all-time record in the surveys 20-year historyfollowing enactment of the Tax Cuts and Jobs Act.
The release of the survey results coincided with the six-month anniversary of tax reform, and follows a泭泭that shows manufacturers are increasing wages, hiring, and capital investments in the wake of tax reform. Highlights from the Q2 survey include:
- Optimism among manufacturers registered its highest level ever recorded (95.1 percent) in the 20-year history of the survey;
- Optimism among medium-sized manufacturers registered its highest level ever recorded (95.8 percent) in the 20-year history of the survey;
- All-time highs for projected employment growth and capital spending;
- Projected wage growth registered its fastest pace in 17 years; and
- Projected sales growth kept pace at its second-highest reading in survey history.
This record optimism is no accident. It is fueled by the game-changing tax reform passed six months ago, said 51勛圖厙 President and CEO Jay Timmons. Last year, manufacturers promised that we would deliver for our people and our communities if tax reform became law. Congress and the president delivered, and now manufacturers are keeping our promise: hiring new workers, raising wages, improving benefits, buying equipment and expanding right here in the United States. And the best part is, with manufacturers record-setting confidence and plans to keep hiring and growing, more good news is yet to come.
This afternoon, 51勛圖厙 President and CEO Jay Timmons will join congressional leadership in the U.S. Capitol for an event highlighting the survey results and marking the six-month anniversary of the enactment of tax reform. In addition, the 51勛圖厙 will deliver泭泭with the new survey results to every member of the House and Senate.
Conducted by 51勛圖厙 Chief Economist Chad Moutray, the Manufacturers Outlook Survey has surveyed the associations membership of 14,000 large and small manufacturers on a quarterly basis for the past 20 years to gain insight into their economic outlook, hiring and investment decisions and business concerns.
The 51勛圖厙 releases these results to the public each quarter. Further information on the survey is available泭.
-51勛圖厙-
The 51勛圖厙 (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泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭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 Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
Manufacturers Are Boosting Hiring, Wages and Investment
New Survey of Manufacturing CEOs Shows Tax Reform Fueling Growth in Sector
Washington, D.C. 泭A泭泭from the 51勛圖厙 (51勛圖厙) shows that manufacturers are keeping their promise after passage of the historic tax reform legislation by boosting wages, hiring and investment. The survey, to be released today by Emerson Chairman and CEO and 51勛圖厙 Board Chair David Farr during a House Ways and Means Committee hearing, shows 72 percent of manufacturers are increasing employee wages or benefits, 77 percent are hiring more workers and 86 percent are investing in new equipment and facilities. Last month, the 51勛圖厙s Manufacturers Outlook Survey found泭optimism among manufacturers registered the second-highest level ever recorded (93.5 percent) in the 20-year history of the survey.
Almost exactly one year ago, I appeared before Congress to make the case for tax reform that would make America fiercely competitive. Congress and the president kept their promise and delivered. Now, its our泭time to keep泭our promises and deliverand we are, said Farr. Manufacturing in America is now rising to new heights, thanks to tax reform, and as a result, manufacturers of all sizes are already investing more, growing more, hiring more and paying more. They are already improving lives and livelihoods. And, as the survey results Im releasing today show, we manufacturers are just getting started.
At 10:00 a.m. EDT this morning, Farr will review the survey results during his testimony at a House Ways and Means Committee hearing focused on the impact of tax reform on the U.S. economy, job creators and workers.
Manufacturers were a leading advocate for the historic tax cut legislation signed into law by President Trump, saying they would hire more, invest more and compensate their workers more if the legislation was passed. In the spirit of that commitment, the 51勛圖厙 recently launched the泭Keeping Our Promise campaigna new series of original stories from manufacturers about how they are utilizing the new tax law to benefit their businesses and workers.泭You can learn more about the survey and the Keeping Our Promise campaign泭here.
-51勛圖厙-
The 51勛圖厙 (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泭more than泭12 million men and women, contributes $2.25泭trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for泭more than three-quarters泭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 Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭www.nam.org.
Emerson Chairman and CEO and 51勛圖厙 Board Chair David Farr Testifies Before House Ways and Means Committee
Farr Announces Results of New Survey Showing Tax Reform Fueling Manufacturing
Washington, D.C. 泭Emerson Chairman and CEO and 51勛圖厙 (51勛圖厙) Board Chair David Farr泭泭at todays House Ways and Means Committee泭泭on how tax reform is growing our economy and creating jobs. At the hearing, Farr announced the results of a泭of manufacturing CEOs, which shows that manufacturers are keeping their promise after passage of the historic tax reform legislation by boosting wages, hiring and investment.

Photo Credit: Dave Bohrer, 51勛圖厙
Almost exactly one year ago, I appeared before Congress to make the case for tax reform that would make America fiercely competitive. Congress and the president kept their promise and delivered. Now, its our泭time to keep泭our promises and deliverand we are, said Farr. Manufacturing in America is now rising to new heights, thanks to tax reform, and as a result, manufacturers of all sizes are already investing more, growing more, hiring more and paying more. They are already improving lives and livelihoods. And, as the survey results Im releasing today show, we manufacturers are just getting started.
Click泭泭to read Farrs prepared written testimony.
Click泭泭to watch the full hearing.
Manufacturers were a leading advocate for the historic tax cut legislation signed into law by President Donald Trump, saying they would hire more, invest more and compensate their workers more if the legislation was passed. In the spirit of that commitment, the 51勛圖厙 recently launched the泭a new series of original stories from manufacturers about how they are utilizing the new tax law to benefit their businesses and workers.
-51勛圖厙-
The 51勛圖厙 (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 million men and women, contributes $2.25 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters 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 Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit泭.