During his visit to Amazon.com’s distribution center in Chattanooga, Tennessee this week, President Barack Obama proposed plans for a deal that cuts corporate tax rates and directs funds to initiatives that create more middle class jobs. The president’s “grand bargain” with the GOP would also provide tax incentives for manufacturers that reshore jobs to the U.S., which will help bolster the economy.
Small business owners are preparing to cut staff hours and full-time employees as requirements related to the health care law rank as a top challenge for firms, according to a recent survey by the U.S. Chamber of Commerce.
As part of a new IMT Career Journal series highlighting specific initiatives aimed at helping U.S. manufacturers and workers create good jobs, we look at the Obama administration’s recent launch of a competitive process to create three new manufacturing innovation institutes. These geographically dispersed institutes will leverage the particular strengths of their region and bring together businesses, institutions of higher learning, and government agencies to address a variety of critical needs to U.S. global leadership in manufacturing.
During a brief speech at the White House on May 31, President Barack Obama, surrounded by college students, remarked on the state of student debt and noted how education loans have a significant impact on lifestyle choices, and ultimately, the economy. The speech was part of an effort to urge Congress to prevent subsidized student loan interest rates from doubling this summer.
Many of the nation’s small business owners do not understand how the Affordable Care Act (ACA) will impact their company and staff once provisions of the law are in full effect in 2014, according to a recent survey. Read more
Today President Barack Obama announced the next step in his effort “to guarantee that the next revolution in manufacturing is made right here in America.” The U.S. Dept. of Energy will make a new $23.5 million investment in five additional innovative manufacturing R&D projects. This new funding for advanced manufacturing — as well as the $54 million invested in 13 projects during the first round of selections in June of 2012 — will serve as a ground floor investment in Energy Efficiency and Renewable Energy’s (EERE) new Clean Energy Manufacturing Initiative (CEMI).
Both CEMI and the new funds were announced at the ribbon cutting of the Department’s Carbon Fiber Technology Facility in Oak Ridge, Tenn., a new advanced manufacturing facility to reduce the cost of carbon fiber — a crucial material for efficient lightweight vehicles, next-generation wind turbines, and a wide array of other consumer and industrial products. Read more