Manufacturing is a critical sector for American economic wellbeing. The value chains in the American economy that rely on manufactured goods account for 25% of employment, over 40% of gross domestic product, and almost 80% of research and development spending in the United States. Yet U.S. leadership in manufacturing is eroding, leaving a large part of our working class behind an ever-advancing, upper-middle class. To restore U.S. leadership in manufacturing and rebuild manufacturing as a route to quality jobs for Americans, the federal government should double down on advanced manufacturing nationwide. This proposal outlines a series of steps to leverage existing infrastructure and efforts with the Advanced Manufacturing Institutes to reboot U.S. manufacturing.
Successful commercialization efforts have now grown across the country, but what do they have in common, and why do they work? Our experts weigh in.
Leveraging the collective buying powers of cities is a powerful way to show the clear demand for the EV transition. We sat down with the Electrification Coalition to learn how they are helping cities and locales electrify their public fleets.
To increase lending to low- and moderate-income communities while protecting the 7(a) Loan Program, SBA should establish a mentor-protégé program and conditional certification regime for innovative financial technology companies.
The Detroit Regional Partnership has $52 million from the EDA to transition legacy automotive industry into a globally competitive advanced mobility cluster. Here’s how they’re doing it.