According to NAM, U.S. manufacturing accounts for nearly two-thirds of industrial research and development, three-fourths of U.S. exports, and supports more that 20 million high paying jobs. Yet with all this success, distinct challenges face manufacturers in the U.S, including rising production costs and foreign competition. In this issue we explore the intricate balance of growth, site selection and expansion for North American manufacturers, and the resources and options available.
The “Feature” articles provide an excellent overview of the what, where and how with regard to site selection, as well as strategies necessary for a successful site location.
Included in this issue is a report on Foreign-Trade Zones, and the benefits available for manufacturers operating in FTZs. Accompanying this article is an insert detailing the location of the functioning FTZs in the U.S.
For even more information, look to the area“Spotlights” (Tennessee, New Mexico, Arkansas and Kansas) showcasing additional initiatives designed to strengthen your business.
Following the (August) Federal Open Market Committee’s decision to keep its target for the federal funds rate at 5.25 percent, NAM issued the following statement: “(This) news is welcomed relief for manufacturers,” said NAM Chief Economist David Huether. “With sky-high energy prices already increasing the cost of doing business, the last thing manufacturers need is another interest rate hike.” more....