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Blog Entries from January 12, 2012

Exporting Products “Made in America” Supports Jobs Here at Home

Under Secretary Sánchez jwith representatives from U.S. companies who have partnered with the Department of Commerce on its New Market Exporter Initiative

Guest blog post by Francisco J. SánchezUnder Secretary of Commerce for International Trade

It’s been called the beginning of a manufacturing renaissance. 

As President Obama noted at yesterday’s “Insourcing American Jobs” forum, 334,000 manufacturing jobs have been created in the past two years. And, in the third quarter of 2011, manufacturing profits were up more than 7 percent compared to the first quarter.

These positive trends are very good news because manufacturing is a key to our economy. As the Department of Commerce’s report—“The Competitiveness and Innovative Capacity of the United States”—recently highlighted, in 2009, manufacturing made up more than 11 percent of GDP.

It employed nearly 12 million workers. And, these are good jobs. In the manufacturing sector, total hourly compensation is, on average, 22 percent higher than the services sector.

That’s why the Obama administration is firmly committed to working with the manufacturing industry to keep this momentum going.

Today, I had the honor of serving as the keynote speaker at the National Association of Manufacturers’ Council of Manufacturing Associations (NAM CMA) winter meeting.

I talked about the work we are doing at the International Trade Administration to support their efforts. Exports and manufacturing are intimately linked. U.S. businesses produce the best and most innovative products in the world. But, what good is a product if it sits on a shelf? Businesses need to sell them.

February Forums Help Manufacturers Get on Track to Build Next Generation Rail

Image of high-speed rail with multi-colored streaks

Commerce's National Institute of Standards and Technology (NIST) and the U.S. Department of Transportation (DOT) will host two forums in February 2012 to help U.S. manufacturers prepare for upcoming opportunities to become suppliers for the next generation of railcars and locomotives. The first forum will be held Feb. 8 in Sacramento, Calif., and the second will be Feb. 15 in Chicago.

The Next Generation Rail Supply Chain Connectivity Forums will bring together large railcar builders and original equipment manufacturers (OEMs) with smaller, capable and interested U.S. manufacturers. Smaller manufacturers will have the chance to learn what products are needed and what investments they should consider when entering the rail industry. The idea is to identify a broader domestic supply base that includes both traditional and non-traditional rail suppliers, with the goal of 100 percent domestic content in railcars that will be funded by state and federal dollars.  Full release