All Posts By

Jennifer Drogus

Manufacturers’ Optimism at 20-Year High, According to New NAM Survey

By | General | No Comments

As Manufacturers Meet President Trump to Talk Regulations, Taxes and Infrastructure, Industry Is More Confident in Improving Business Climate

Fresh off the heels of the third straight month of manufacturing job growth, the National Association of Manufacturers (NAM) today released the first Manufacturers’ Outlook Survey since President Donald Trump took office. The survey shows a dramatic shift in sentiment, with more than 93 percent of manufacturers feeling positive about their economic outlook. This is the highest in the survey’s 20-year history, up from 56.6 percent one year ago and 77.8 percent in December. The NAM’s release of the survey coincided with a meeting of small and medium-sized manufacturers at the White House today.

“Across America, manufacturers’ optimism is soaring, in no small part because of President Trump’s laser-like focus on pursuing bold action, particularly on rethinking red tape to address regulatory reform, to accelerate a jobs surge in America,” said NAM President and CEO Jay Timmons.

“As the survey shows, manufacturers of all sizes are now less concerned about the business climate going forward because they are counting on President Trump to deliver results. Small manufacturers—more than 90 percent of our membership—are among the hardest hit by regulatory obstacles. Regulatory costs for small manufacturers with fewer than 50 employees total almost $35,000 per employee per year—money that could otherwise go to creating jobs. It’s encouraging to see an administration so focused on providing regulatory relief to spur manufacturing growth.

“We are grateful for the chance to meet with the president today as we continue to tell the White House directly which regulations are still the biggest obstacles to a manufacturing surge. There is much work to be done, and manufacturers have the solutions on regulatory reform as well as on infrastructure investment, workforce development, bold comprehensive tax reform and a host of other issues.”

The survey shows not only a positive outlook but also that concerns about the business environment have dropped. When manufacturers were asked to identify top challenges to their business, concerns about the business environment fell to third place. This had previously been respondents’ top concern since the question was added to the survey in 2011.

For the past 20 years, the NAM has surveyed its membership of more than 14,000 large and small manufacturers to gain insight into their economic outlook, hiring and investment decisions and business concerns. The NAM releases these results to the public each quarter.

A full write-up of the survey is available here.

Small and medium-sized manufacturers in attendance at today’s meeting included the following:

 

Drew Greenblatt – NAM Small and Medium Manufacturers Group Chair

President and Owner

Marlin Steel Wire Products LLC

Baltimore, Md.

 

Charles Wetherington – NAM Small and Medium Manufacturers Group Vice Chair

President

BTE Technologies, Inc.

Hanover, Md.

 

Matt Barr

Chairman and CEO

Carolina Color Corporation

Salisbury, N.C.

 

Doug Magyari

CEO

IMMY Inc.

Troy, Mich.

 

Karen Buchwald Wright

Chairman, President and CEO

Ariel Corporation

Mount Vernon, Ohio

Patricia Miller

CEO

Matrix 4, Inc.

Woodstock, Ill.

Julie Copeland

CEO

Arbill

Philadelphia, Pa.

 

Ed Paradowski

President

Apache Stainless Equipment Corporation

Beaver Dam, Wis.

 

Joe Eddy

President and CEO

Eagle Manufacturing Company

Wellsburg, W.Va.

Tom Riordan

President and CEO

Neenah Enterprises, Inc.

Neenah, Wis.

 

Kellie Johnson

President and CEO

ACE Clearwater Enterprises

Torrance, Calif.

 

Steve Staub

President

Staub Manufacturing Solutions

Dayton, Ohio

 

Small and medium-sized manufacturers are the backbone of the manufacturing industry and at the heart of the NAM’s membership. The NAM’s Power of Small campaign spotlights their important role, contributions and concerns. For more information, visit http://nam.org/powerofsmall.

Manufacturing Jobs Increase for Fourth Straight Month

By | Presidents Blog, Shopfloor Economics, Shopfloor Main | No Comments

Timmons: March Jobs Numbers Continue Encouraging Trend

Washington, D.C., April 7, 2017 – National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement on the release of the March jobs numbers by the Bureau of Labor Statistics today:

“As manufacturing leaders discussed with President Donald Trump at the White House last week, manufacturers’ economic optimism is at a record 20-year high. Today’s numbers continue the four-month trend of increasing job growth, which manufacturers have not seen in some time.

“President Trump’s actions have certainly boosted manufacturers’ confidence in the future, and that positive change is coming. The president is rethinking red tape and addressing our regulatory burden, helping us to create American jobs and grow our economy. But we are still far from reaching our full potential. An outdated tax code, crumbling infrastructure and excessive regulations make it unnecessarily difficult to compete and win against overseas competitors.

“Manufacturers expect to see action on bold solutions for regulatory reform, infrastructure investment and tax reform, among other issues. We have shared our proposed path forward with the president and Congress and look forward to continuing to work with them to ensure manufacturing’s best days are still ahead.”

Read more about the NAM’s visit with President Trump last week here.

Media Contact: Jennifer Drogus, (202) 637-3090

Jay Timmons Issues Remarks at Annual Ex-Im Conference

By | Presidents Blog, Shopfloor Policy | No Comments

Remarks as prepared for delivery. 

Well, good afternoon. Thank you, Scott [Schloegel] for the introduction.

And most importantly, thank you to everyone who’s here today. Your support for the Export-Import Bank is support for American workers and manufacturers in the United States.

U.S. manufacturers are strong advocates for the Ex-Im Bank because we see firsthand the difference it makes in people’s lives and livelihoods.

I’m proud to be here today not only to say “thank you,” but also to urge the administration and Congress to come together and move forward soon. Manufacturers want to see the agency fully operational again. There are jobs to create and business to win—and we don’t want to wait any longer.

So, let’s get to work.

Now, I’m honored to be joined today by a great manufacturing leader, Chuck Wetherington, president of BTE Technologies. He’s also the vice chair of our Small and Medium Manufacturers Group at the NAM.

We’re going to have a conversation, and Chuck, you’ll see, is a great champion of the Ex-Im Bank.

Let me just set the stage a little for that conversation.

As manufacturers, our message is straightforward: we need a fully operational export credit agency to level the playing field. We’re in a global economy, and 95 percent of the world’s customers live outside our borders. Our competitor nations have robust export credit agencies, and they’re beating us as a result.

If you want to make manufacturing in the United States even greater, we can’t start from a competitive disadvantage.

And we must keep in mind that it’s small businesses that are losing while we’re in a holding pattern. Some small businesses, in fact, have big deals on hold right now because the Ex-Im Bank can’t process them. And small businesses stand to lose much more the longer we wait to act. Year after year, 90 percent of Ex-Im transactions directly support small businesses.

Moreover, the deals with larger companies that the agency can’t make right now…they would also support small companies that are the suppliers for those bigger brands. And I don’t want anyone to lose sight of that as well.

The Ex-Im Bank is a great success story. And at a time when manufacturing has captured the imagination of our leaders and the American people, I know our policymakers are eager to implement a strategy that will make our companies as competitive as possible in every market. I see the Ex-Im Bank as a vital component of that strategy.

Now, even with the Ex-Im Bank in the situation that it is, we have reason to be optimistic. In fact, our recent Manufacturers’ Outlook Survey revealed that manufacturers are feeling more positive about the future of their companies than at any time in the survey’s 20-year history.

So the state of manufacturing is strong. Our industry is diversifying, increasing output and bringing us transformative technologies.

We are charting new frontiers and supporting new jobs. But we could be doing so much more.

And for the first time in a long time, that’s achievable. In addition to making progress on the Ex-Im Bank, we could see bold action on tax reform, infrastructure investment and regulatory reform.

The landscape is tough. But I believe it can be done—and it must be done.

The last major overhaul of the U.S. tax code was in 1986. Think about it: in 1986, there wasn’t internet in every home, never mind in every pocket. Fax machines were the hot technology at six minutes per page to transmit. Forget 3-D printing; we barely had color printing. And there were 86 million fewer people in the country.

Manufacturers have innovated over the past 30 years, the country and economy have transformed, but the U.S. tax system, well, it hasn’t kept pace.

To spur job creation, business tax reform must have a few essential goals:

Reduce the corporate tax rate to 15 percent, which is what the president has proposed.

Small businesses and pass-throughs should see taxes reduced as well.

We want to shift to a modern territorial international tax system.

And we want to strengthen R&D incentives and see faster deductions for capital investments.

On the regulatory front, we’ve seen many positive developments in recent weeks. But we have a long way to go. A recent NAM study found that manufacturers are subject to 297,696 federal regulations. And the cost of regulatory compliance for small manufacturers is nearly $35,000 per employee per year.

Regulatory reform—making regulations smarter, simpler and streamlined—is one of the quickest ways to create jobs and give manufacturers the confidence to expand.

We know it’s possible to have safe workplaces and environmental stewardship at the same time our economy is experiencing robust growth. If we can work together, from the Department of Labor to the EPA, we can achieve those goals.

Now on the infrastructure front, I like to think the NAM got out ahead on this one. We saw over the summer that both candidates were hot on infrastructure investment. So we said we don’t want these good intentions to devolve into the disappointments of the 2009 stimulus bill.

We released an infrastructure plan of our own, called “Building to Win.” It certainly wasn’t exhaustive, but it did point out the big problems, the economic opportunities and even the price tag and pay-fors.

I’m proud to say that the Trump campaign cited our plan favorably when laying out their vision for infrastructure last fall. Administration officials have cited it publicly since taking office. And we hear public statements from leading Democrats—and Republicans—about the type of modernization we’re calling for. So I think we have a good foundation to build on.

You really can’t overstate the urgency of the need here. Our infrastructure is not what a 21st-century economic powerhouse needs. It’s crumbling, it’s outdated, and frankly, it’s dangerous.

Millions of jobs are at stake. Without immediate action on the infrastructure crisis, the United States will lose more than 2.5 million jobs by 2025 and more than 5.8 million by 2040.

If we invest now, we will put America on a stronger foothold, better able to compete in the global marketplace for at least the next generation.

***

Now, ultimately, this all comes back to the same theme: competitiveness. We must be competitive in the global economy.

Advances in technology and transportation over recent decades have created substantial new opportunities for manufacturers in the United States to reach millions of foreign consumers.

In fact, we have seen world trade in manufactured goods quadruple over the past quarter century. Trade has never been more important to manufacturers.

Manufacturers in the United States need robust trade policies and agreements that open markets, protect U.S. property and standards and ensure strong enforcement of core rules of fairness in the global economy. We’re working on NAFTA and other issues right now so that we can make sure that our trade agreements and trade rules work as effectively as possible to grow U.S. manufacturing and jobs.

I know in this room, I’m preaching to the choir. But for all of you who are working to make the case for the Ex-Im Bank or for any of these other policy priorities, know this: the NAM is on your side. We will not back down. We will continue to lead. And if you need resources, facts or real-world stories, we can work with you.

This is our time. Manufacturing animated the presidential race. Manufacturers propelled a change election. And the president of the United States has made manufacturing in the United States his signature issue. We intend to seize the moment.

So, thank you, and Chuck, let’s have a conversation.

###

Media Contact: Jennifer Drogus, (202) 637-3090

PRESS RELEASE: President Trump Hits the Reset Button on Auto Emissions Rule

By | Environment, Shopfloor Main, Transportation | No Comments

Timmons: Let’s Get CAFE Correct for Manufacturers and Consumers

Today, the National Association of Manufacturers (NAM) commended President Donald Trump for announcing that the Environmental Protection Agency (EPA) and Department of Transportation (DOT) would reconsider an EPA midnight regulation impacting automobile fuel economy requirements and emissions standards, or the program known as the corporate average fuel economy (CAFE) standards. In doing so, the president committed to restoring the midterm review of emissions standards that uses the best available data. This has been a key manufacturing priority outlined in the NAM’s “Competing to Win” agenda, to ensure smart, balanced and effective regulations with input from a range of stakeholders. Read More

Manufacturers Hail February Jobs Numbers

By | Media Relations, Shopfloor Economics, Shopfloor Main | No Comments

National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the following statement on the February jobs numbers issued by the Bureau of Labor Statistics today:

“Today’s news is another strong indicator of the ‘Trump bump’ of positive economic activity. Across America, manufacturers’ confidence is high, and business optimism continues to soar, because of President Donald Trump’s laser focus on policies that will accelerate a jobs surge in America. To keep the momentum going, manufacturers have the solutions: regulatory reform, infrastructure investment and bold tax reform. We are ready to work with the president, Congress and anyone who cares about the manufacturing economy to get those priorities across the finish line and raise the standard of living of all Americans.”

Learn more about the NAM’s agenda for increasing manufacturing competitiveness and growing jobs here.

#StateofMFG Week 2 Media Wrap: Taking Care of Business from the Badger State

By | Media Relations, Shopfloor Main | No Comments

After visiting six states (plus the White House) over the span of seven days, the National Association of Manufacturers’ (NAM) State of Manufacturing Tour has concluded. Over the course of a week, the NAM has taken our story to the masses with hundreds of articles, op-eds and television and radio interviews. Our final stop in Madison, Wis., at the Wisconsin Manufacturers & Commerce’s (WMC) Business Day in Madison event, featured an especially stellar lineup of interviews with Gov. Scott Walker (R-WI), manufacturing CEOs from around the country and NAM President and CEO Jay Timmons.

Some highlights below (click on images to view clips):
image3Timmons participated in a live interview on CNBC’s Squawk on the Street, issuing reaction to last night’s speech by President Donald Trump and highlighting the NAM’s participation in Business Day in Madison as part of the 2017 State of Manufacturing Tour. View the clip here. (Photo credit: David Bohrer/National Association of Manufacturers)

 

Walker
Gov. Scott Walker (R-WI) discussed the future of manufacturing and the policies we need to see from this administration to support manufacturing competitiveness in Wisconsin and across the country. Full interview available here.

 

image1

Snap-on Chairman and CEO and NAM board member Nick Pinchuk joined CNBC on-site from Business Day in Madison to discuss the future of manufacturing. The full interview is available here. (Photo credit: David Bohrer/National Association of Manufacturers)
IMG_8771
Timmons chats with Briggs & Stratton Corporation Chairman, President and CEO Todd Teske before Teske gave an interview to CNBC on location from Business Day in Madison, as part of the NAM’s State of Manufacturing Tour push to discuss the future of manufacturing. View the interview here. (Photo credit: David Bohrer/National Association of Manufacturers)

 

Pennypacker

Manitowoc Company President and CEO Barry Pennypacker gave an interview on FOX Business to discuss the future of manufacturing. Click here to watch the full interview.

 

Gov Allen
Gov. George Allen (R-VA) joined FOX Business today to discuss the policies needed to support the future of manufacturing, highlighting the NAM’s role in advancing those priorities in the White House and Congress. The full interview is available here.

 

WATQ
Timmons interviewed live on the Jerry Bader Show (WTAQ-Green Bay) to discuss the State of Manufacturing Tour and the NAM’s response to last night’s speech by President Trump. Listen to the interview here.

 

Local

WBNS (CBS) News covered the NAM’s State of Manufacturing Tour visit to the Anheuser-Busch facility in Columbus, Ohio. The full clip is available here.

 

Madison NBC

Madison’s NBC affiliate station reported on Business Day in Madison,” highlighting Gov. Walker’s and Timmons’ roles in the event. Full clip available here.

 

 

President Trump Listened to Manufacturers and Is Acting Decisively on Our Solutions; This Was a Speech Americans Expect of a President

By | Presidents Blog, Shopfloor Main | No Comments

Madison, Wisconsin, February 28, 2017 – National Association of Manufacturers (NAM) President and CEO Jay Timmons issued the below statement on tonight’s joint address to Congress by President Donald Trump. Timmons is in Madison, Wis., on the final leg of the NAM’s weeklong State of Manufacturing Tour, which has traveled the country to highlight real-world solutions to grow manufacturing:

          “Tonight, Donald Trump hit the reset button and offered a message of unity and economic opportunity. Manufacturers are grateful for his message to rekindle the American spirit. This is what the American people needed to hear. This was a speech Americans expect of a president.

          “The president demonstrated that he listened to the concerns and policy proposals from the National Association of Manufacturers. And he outlined a bold plan to act on our key priorities in order to ensure the government will be a partner in creating the economic environment we need to compete, succeed, invest and create jobs for Americans. 

          “Manufacturers are energized by the president’s proposals for competitive tax and smart regulatory reforms, as well as his call for significant investment in our nation’s infrastructure. Manufacturers are ready to stand with him as he pursues $1 trillion of long-overdue investment in infrastructure, or as he declared: a ‘new program of national rebuilding.’ Manufacturers are also ready to work with Congress and the administration on comprehensive tax reform, and we look forward to seeing the president’s plan to provide a transformational jolt for manufacturers and our economy.

          “President Trump is confidently and forcefully putting the weight of the White House behind manufacturers’ goals on our key priorities, including reducing health care costs to employers. These actions will encourage more investment and create more jobs in the United States to help lift all Americans up and leave no one behind.

         “Manufacturers will continue rolling up our sleeves and working to get deals done on our ‘Competing to Win’ agenda and help the Trump administration secure progress on our immediate priorities. The needs are urgent.

           “It is now time to put politics aside for our industry and our country, because the only red and blue in manufacturing is on the flag that hangs in every shop floor.

          “Well done, Mr. President.”

Learn more about the NAM’s Competing to Win priorities here.

-NAM-

#StateofMFG Week 1 Media Wrap: LIVE FROM NEW YORK…

By | Media Relations, Shopfloor Main | No Comments

After taking manufacturing’s message to the White House yesterday, National Association of Manufacturers (NAM) President and CEO Jay Timmons and Emerson Chairman and CEO and NAM Board Chair David Farr took that same message to the airwaves. Timmons and Farr tagged up with national reporters to give the nation a readout of the meeting with President Donald Trump and to highlight the amazing stories already coming out of the 2017 State of Manufacturing Tour.  Click on the images below to watch the coverage.

Farr-Payne

Farr champions modern manufacturing and policies needed to grow the sector in an interview with FOX Business’ Charles Payne. Click here to view the clip.

 

Jay - CNBC

Minutes ahead of President Trump’s speech on Friday, Timmons appeared live on CNBC’s “Squawk on the Street” to discuss balancing burdensome regulations and reforming the tax code. Click here to view clip.

 

Farr - Varney2

Farr and Stuart Varney square off on policies needed to grow jobs on FOX Business’ “Varney & Co.” Click here to view clip.

 

Jay - Cavuto

Timmons gives a readout of the White House meeting with manufacturers on FOX Business with Neil Cavuto on his show, “Coast to Coast.” Click here to view clip.

 

Jay - Quest

Timmons goes head to head with CNN business reporter Richard Quest about manufacturing jobs on CNN International’s “Quest Means Business.” Click here to view clip.

 

Jay - NPR

 Timmons jumped on the radio with NPR host Steve Inskeep on the station’s popular Morning Edition” show (5:00 a.m. to 9:00 a.m.) to discuss the evolving manufacturing workforce and the innovators Timmons has met so far on the State of Manufacturing Tour. Listen to full clip here.

Confirmation of Scott Pruitt Will Bring Balance to the EPA

By | General | No Comments

Washington, D.C., February 17, 2017 – National Association of Manufacturers President and CEO Jay Timmons issued the following statement congratulating Scott Pruitt on his confirmation as Environmental Protection Agency (EPA) administrator:

“After facing record high costs to comply with EPA regulations over the past decade, manufacturers welcomed today’s Senate confirmation of Scott Pruitt to lead the EPA. We are confident that under his leadership, Pruitt will restore balance to the way environmental regulations are developed. Manufacturers look forward to him getting to work right away.

“Manufacturers know it’s possible to have responsible environmental stewardship and robust economic growth at the same time. We are leaders on sustainability and developing emissions-reducing innovations, and as we look to find solutions to the environmental challenges we face, manufacturers will continue to lead the way.”

-NAM-

The National Association of Manufacturers (NAM) is the largest manufacturing association in the United States, representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.17 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of private-sector research and development. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the United States. For more information about the Manufacturers or to follow us on Shopfloor, Twitter and Facebook, please visit www.nam.org.

733 10th St. NW, Suite 700 • Washington, DC 20001 • (202) 637-3000

Business Community Unites Around Ross Nomination

By | Communications, Media Relations, Shopfloor Main, Trade | No Comments

Today more than 400 businesses and business organizations sent a letter to the U.S. Senate urging support for the confirmation of Wilbur Ross as secretary of commerce. Spearheaded by the National Association of Manufacturers (NAM), the letter urges swift action on Mr. Ross’ confirmation.

“We believe that Wilbur Ross will bring a unique understanding of what it takes to fuel manufacturing enterprises to this vital role,” the letter reads. “Mr. Ross has a firsthand understanding of the challenges manufacturers face to remain globally competitive in today’s economy.”

Read the full letter here.

NAM President and CEO Jay Timmons also sent a letter yesterday on behalf of the NAM offering his support for Ross’ confirmation.

“Wilbur is a businessman with extensive experience in a wide range of industries who knows firsthand what policies it takes to promote competitiveness, investment, job creation and durable economic growth,” Timmons wrote. “In particular, Wilbur has extensive experience in the manufacturing sector and understands the critical need for pro-growth trade, tax and other economic policies.”

Timmons’ letter is available in its entirety here.