Administrative Report will help strenghten manufacturing sector.
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Press Release Summary:
AMT recognized Obama Administration's "Manufacturing Framework for Revitalizing American Manufacturing" as important step in strengthening US manufacturing sector. Douglas K. Woods, AMT President, also said it is important to recognize challenges faced by manufacturers trying to effectively compete in global marketplace. AMT also supports proposals to expand advanced energy manufacturing tax credit, reform outdated export control policy, and add to ranks of manufacturing work force.
Original Press Release:
AMT Looks to Obama Manufacturing Report as First Step
AMT - The Association For Manufacturing Technology Looks to Obama Administration's "Manufacturing Framework for Revitalizing American Manufacturing" Report as Important Step
McLean, VA . . . AMT - The Association For Manufacturing Technology recognized the Obama Administration's "Manufacturing Framework for Revitalizing American Manufacturing" released yesterday as an important step in strengthening our country's beleaguered manufacturing sector.
"It is encouraging that President Obama recognizes that a strong manufacturing sector is critical to America's future. It is also important that the President recognizes the challenges manufacturers face to effectively compete in the global marketplace," Douglas K. Woods, AMT's President, said. "Now it is time to expand upon those ideas and turn ideas into action."
Woods unveiled AMT's own "Manufacturing Mandate" earlier this fall, calling on the federal government to provide policies that increase global competitiveness and export promotion; support innovation and R&D; assure the availability of capital; minimize structural cost burdens; and develop a "smart force" work force that will take manufacturing to the next level. Woods noted, however, that the goals of a strong, competitive manufacturing sector will not be achieved through government action alone, but through an effective collaboration between government, academia, and industry.
It seems AMT, along with other manufacturing associations, has done a good job in making its case. The Administration's Manufacturing Framework mirrors AMT's mandate in key areas.
"AMT shares President Obama's strong commitment to research and development. America is known as a leader in innovative manufacturing technologies," Woods said. "It is important that we remain ahead of the curve through significant government R&D support. Our foreign competitors are certainly committed."
AMT also supports the President's proposals to expand the advanced energy manufacturing tax credit, reform our outdated export control policy, and add to the ranks of our manufacturing work force. However, these initiatives alone are not enough. More needs to be done to lessen the structural cost burdens on manufacturing.
And a greater commitment to building our work force cannot be overemphasized.
"U.S. manufacturing workers are among the most skilled and highly paid in the country. It is critical that we support programs which encourage young talent to explore career paths in manufacturing," Woods noted.
"The Administration is focused on energy. That's great, but we would like to see a broader approach to revitalizing manufacturing." Woods said. "Now is the time for the Administration and Congress to also address the tax, legal, and regulatory impediments to our competitiveness."
AMT also supports extension of the 50 percent bonus depreciation and enhanced Sec. 179 expensing business tax incentives that were included in the Recovery Act.
"Today, manufacturers are uncertain about their future," Woods added. "To restore confidence, we need to incentivize capital investment and lessen the costs of manufacturing in America."
"AMT appreciates the attention the Administration has paid to manufacturing in issuing this manufacturing framework. We look forward to working with the Administration and Congress to take the next steps in building a vital manufacturing sector."
AMT - The Association For Manufacturing Technology
Founded in 1902, the Association For Manufacturing Technology represents and promotes the interests of American providers of manufacturing machinery and equipment. Its goal is to promote technological advancements and improvements in the design, manufacture and sale of members' products in those markets and acts as an industry advocate on trade matters to governments and trade organizations throughout the world.
