Today is Manufacturing Day, a day to celebrate our nation of builders and manufacturers’ great contributions to America’s economy. To commemorate Manufacturing Day, over 1,500 events are being held across the country today to showcase American manufacturers and their successes. President Obama and Secretary of Commerce Penny Pritzker are celebrating with a trip to Millennium Steel Service in Princeton, Indiana, and Energy and Commerce Committee Chairman Fred Upton (R-MI) participated in an event at Mach Mold in Benton Harbor, Michigan.
Manufacturing Day participants this year have some particularly good news to celebrate: signs of an American manufacturing comeback. All across the country we are seeing examples of growth and expansion as America’s abundant supply of affordable energy is fueling an American manufacturing resurgence. The shale gas revolution has produced a bounty of affordable natural gas supplies, which is driving new investment in American manufacturing, and America’s rich coal reserves are continuing to power factories with low-cost electricity. Thanks in large part to our affordable and diverse energy resources, manufacturing jobs are coming back to America and we are quickly regaining our global leadership.
But while Manufacturing Day is a chance to celebrate these accomplishments, it is also a time to reflect on the challenges facing this important sector of our economy. These challenges include an onslaught of federal regulations already finalized as well as additional rules proposed by the Obama administration that could undermine our recent industrial gains and threaten the American manufacturing renaissance. The president is pursuing a suite of new rules designed to make American energy more expensive and less reliable and that would make it harder to build and expand factories.
“Today we celebrate our nation of builders and the comeback of ‘Made in America.’ American manufacturers took a big hit during the Great Recession, but today we are seeing signs of resurgence and the future is bright. America’s domestic energy boom has given us a competitive edge, and we are poised to once again be the world’s manufacturing leader. We have made impressive progress toward strengthening our manufacturing dominance in recent years, but we can do better with the right policies. As we stand at the verge of a manufacturing renaissance, it is more important now than ever that we construct a regulatory framework that allows our manufacturers to thrive,” said Chairman Upton.
Unleashing America’s manufacturing renaissance is a priority for the Energy and Commerce Committee, and it is one of the pillars of the Architecture of Abundance. In addition to working to stop costly new rules that will make energy more expensive, the committee is working to bring certainty to the permitting process for new U.S. factories and expansion projects. To learn more about the Architecture of Abundance, and our plan to say yes to American energy and manufacturing jobs, visit: /yes2energy.