As manufacturers in the United States recalculate and compare the total costs of operating offshore, some are beginning to bring production back to the states. If the trend continues, as experts believe, reshoring could generate millions of new manufacturing jobs over the rest of the decade.
During his second campaign, President Barack Obama pledged to boost the economy by creating one million manufacturing jobs by 2016. To track this effort, the Alliance for American Manufacturing (AAM) launched the AA meter, which reveals the industry’s progress on a monthly basis. How are we doing so far? Read more
President Obama announced the offer of a conditional commitment for a loan guarantee of $400 million to Abound Solar Manufacturing, LLC to manufacture photovoltaic panels using a process in which thin films of Cadmium-Telluride are deposited onto the glass panels. The technology is expected to improve film quality, device efficiency and stability, and product yield over existing manufacturing methods and to reduce overall product costs. Read more