Guest blog post by Deputy Commerce Secretary Rebecca Blank
Yesterday,
I spoke to the Council on Competitiveness Executive Board about how the
Commerce Department, working with the National Economic Council, leads the administration’s efforts across the federal government to promote a vibrant
manufacturing sector in the United States.
Manufacturing
is vitally important to supporting an economy that is built to last.
Manufacturing accounts for 90 percent of our patents, 70 percent of private
sector R&D and 60 percent of our exports–including a record $1.3 trillion
in goods exported last year. The manufacturing sector has grown strongly over
the past two years. After decades of losing manufacturing jobs, the
manufacturing sector has been adding jobs for over two years. In the past
25 months manufacturing has added nearly a half million new jobs and 120,000 of
those came in the first three months of this year. Importantly, these tend to
be high-paying jobs with good benefits.
Even
with these improvements in the manufacturing sector, there is much more work to
do to ensure America remains competitive. The Department of Commerce recently
released a report, “The
Competitiveness and Innovative Capacity of the United States,” that
discusses some of the challenges the U.S. faces in retaining its global
leadership, particularly in manufacturing, and lays out a policy agenda to
address these challenges.
Commerce
has long worked on this issue through its Manufacturing
Extension Partnership
at the National Institute of Standards and Technology, which supports centers
in every state that consult with companies facing technological problems and
puts them in touch with scientists and engineers who can help solve those
problems. For every dollar of federal investment, the MEP generates
around $30 in new sales growth. This translates into $3.6 billion in new sales
annually.
Some
of the more recent efforts within the Commerce Department to build a policy
environment in which manufacturing can flourish include: