TCI 2014 The Reindustrialization of North America
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Transcript of TCI 2014 The Reindustrialization of North America
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The Reindustrialization of North AmericaJohn Spears
Reindustrialization of North America and the Role of Clusters
12 November 2014
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The Reindustrialization of North America
November 2014
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Items for Discussion
1. The important role small businesses play in the US economy
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Items for Discussion
1. The important role small businesses play in the US economy
1. America’s economic and manufacturing story
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Items for Discussion
1. The important role small businesses play in the US economy
1. America’s economic and manufacturing story
1. Obama Administration’s policy framework and initiatives
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Economic Trends
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Net Manufacturing Job Loss, 2000 - 2010
Thousands of employees, seasonally adjusted
From 2000-2010
manufacturing lost
6 million jobs net
Manufacturing has lost ~6 million jobs since 2000
Source: Bureau of Labor Statistics
From 2006 to 2010 manufacturing
lost 2.7 million jobs, over a quarter
of the total U.S. job loss, dropping to
11% of the private sector workforce.
- Since 1969 when
manufacturing represented
32% of the private sector
workforce overall U.S.
employment has doubled
However, manufacturing is now
rebounding; Since reaching an
employment low in December 2009,
manufacturing has added more than
700,000 jobs.
And these are small businesses -
Over 35% of Manufacturing
employees work for a small
business and 98% of
manufacturing firms are small
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The Obama Administration’s Policy Framework
1.Increase competitiveness for the US as a location for production
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The Obama Administration’s Policy Framework
1.Increase competitiveness for the US as a location for production
2. Increase the nation’s innovation advantage
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The Obama Administration’s Policy Framework
1.Increase competitiveness for the US as a location for production
2. Increase the nation’s innovation advantage
3.Invest in human capital to ensure businesses have access to high skilled workers
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The Obama Administration’s Policy Framework
1.Increase competitiveness for the US as a location for production
2. Increase the nation’s innovation advantage
3.Invest in human capital to ensure businesses have access to high skilled workers
4.Free trade deals that create a level playing field for competition
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The Obama Administration’s Policy Framework
1.Increase competitiveness for the US as a location for production
2. Increase the nation’s innovation advantage
3.Invest in human capital to ensure businesses have access to high skilled workers
4.Free trade deals that create a level playing field for competition
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“We are looking for businesses and universities that are willing to partner together to help their region -- help turn their region into global centers of high-tech jobs. Because we want the next revolution in manufacturing to be "Made in America.”
-- President Obama, May 9, 2013
National Network for Manufacturing Innovation (NNMI)
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IMI’s Focus
• Manufacturing process
• Advanced materials
• Enabling technology
• Industry sectors
Activities
• Applied research, development and demonstration projects that reduce the cost and risk of developing and implementing new technologies in advanced manufacturing
• Education and training at all levels
• Development of innovative methodologies and practices for increasing the capabilities and capacity of supply chain expansion and integration
• Engagement with SMEs
• Shared facility infrastructure16
What is the NNMI?
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Four Pilot IMIs
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Closing Points
1. Small business is a big deal
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Closing Points
1. Small business is a big deal
1. The name of the game is collaboration. The innovation assets are already in place (for the most part)—we need strategic intervention to leverage existing resources.
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Closing Points
1. Small business is a big deal
1. The name of the game is collaboration. The innovation assets are already in place (for the most part)—we need strategic intervention to leverage existing resources.
1. We’ve come a long way, but this is really just the beginning. We need to act quickly to institutionalize this progress.