Manufacturers Release “American Renewal Action Plan”
Timmons: The Nation Is Counting on Manufacturers
Washington, D.C. – To strengthen the nation’s response to COVID-19 and ensure manufacturers are poised to lead the recovery and renewal of the American economy, the National Association of Manufacturers released the “American Renewal Action Plan.”
“Our industry has been on the front lines throughout this crisis, providing the equipment and products to keep our country safe, healthy and fed. The nation is counting on us to continue to play a leading role in this effort, and lawmakers must equip us with the tools we need,” said NAM President and CEO Jay Timmons. Timmons, a member of the White House’s COVID-19 Great American Economic Revival Industry Groups, added, “The NAM’s ‘American Renewal Action Plan’ is the path forward.”
The recommendations are outlined in three phases—response, recovery and renewal. Some of the key provisions include the following:
- Response:
- Congressional and administrative actions to allow manufacturers to further ramp up production and enhance distribution of personal protective equipment to support not only our hospitals, but all sectors of the economy.
- Recovery:
- Congressional and administrative actions to ensure that employees are able to go into work confident that proper health precautions are being implemented.
- Strong and clear legal reforms that protect the essential manufacturers that must remain open to provide vital goods and those that retool their factories to make urgently needed equipment and supplies.
- Renewal:
- Significant investment in workforce training programs to aid dislocated workers.
- Historic investment in our nation’s infrastructure to boost the economy.
- Key reforms to boost economic and national security by growing the U.S. manufacturing industry.
- Congressional and administrative actions to expand U.S. exports and strengthen the manufacturing supply chain.
- The Treasury Department, Small Business Administration and Federal Reserve should speed the delivery of aid to small businesses by addressing key issues related to their new lending facilities.
The NAM released its “COVID-19 Policy Action Plan Recommendations” on March 9 to guide the government’s initial response to the pandemic. The association released an updated and expanded action plan on March 18. Congress and the administration have already adopted many of the proposals.
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The National Association of Manufacturers 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 12.8 million men and women, contributes $2.37 trillion to the U.S. economy annually and has the largest economic multiplier of any major sector and accounts for 63% 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 Twitter and Facebook, please visit www.nam.org.