The Association For Manufacturing Technology is calling for a comprehensive national strategy to revitalize manufacturing in the U S through cooperation and innovation.
“Even though the U.S. continues to be the leading manufacturing economy in the world, we have seen our country running a trade deficit in advanced technology products since 2002,” said Douglas K. Woods, President of AMT. “We must take action that goes far beyond commissioning studies to ensure its revitalization and develop a model for future growth. Our Manufacturing Mandate provides a clear path and cohesive approach to promote real economic growth. We are poised to work with the government, industry and the academic community to create a central manufacturing policy structure within the Executive Branch to develop policy, focus research and coordinate implementation of The Manufacturing Mandate strategies.”
The Manufacturing Mandate principles are:
● Incentivize innovation and R&D in new products and manufacturing technologies by supporting reauthorization and full funding of the America COMPETES Act; improving the R&D tax credit and making it permanent, and funding and sustaining targeted growth technologies.
● Assure availability of capital by revising SBA/government lending requirements for manufacturers that consider economic conditions; using the expanded DPA Title III lending authority to provide credit to defense-critical manufacturers; and providing incentives to banks making and maintaining capital loans to qualified manufacturers.
● Improve global competitiveness by modernizing U.S. export control policy; strengthening intellectual property protection, and streamlining the business visa process with major trading partners.
● Minimize structural cost burdens through lower business taxes and avoidance of any new tax increases on U.S. manufacturers; avoidance of excessive regulations; and encouragement of investment in new equipment and retooled plants.
● Enhance collaboration between government, academia and industry by coordinating government support and utilization of the existing national network of Manufacturing Innovation Clusters; creating a standing Interagency Manufacturing Structure comprised of Cabinet officials, industry leaders and academics; and supporting and sponsoring targeted technology challenges.
● Build a better educated and trained “smartforce” by developing a national manufacturing skills certification program, supporting grants, scholarships and/or incentives for Science Technology Engineering and Mathematics (STEM) degrees; and using Manufacturing Extension Partnerships (MEPs) as centers of manufacturing excellence to train and support local manufacturers.
The full Manufacturing Mandate: Unleashing a Dynamic Innovation Economy is available at www.AMTonline.org. Printed copies are available by calling 703-893-2900.