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News & Press: Industry

Trump's Infrastructure Investment; NAM's Timmons Says Plan Will "Supercharge" Manufacturing

Monday, April 2, 2018   (0 Comments)
Posted by: Alyce Ryan
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AICC, through its membership in the Council of Manufacturing Associations, is pleased to present the "Manufacturing Economic DailyNewsletter” from theNATIONAL ASSOCIATION OF MANUFACTURERS (NAM).

 

Fox Business (3/29, De Lea) reports that “President Donald Trump was in Ohio on Thursday to tout his massive $1.5 trillion infrastructure overhaul and the effects it could have on the growing US economy.” The article quotes the President in the speech, saying, “We will transform our roads and bridges from a source of endless frustration into a source of incredible pride. We’re going to do it all under budget and ahead of schedule.” According to Fox Business, “Trump spoke to mechanics, engineers and heavy equipment operators at a training site in Richfield, where he said the US has created 3 million jobs since the election,” and it further quotes Trump, saying, “We’ve got the greatest economy ever, maybe in history…there’s never been an economy like this.” In addition, “National Association of Manufacturing President Jay Timmons said the president’s plan will also ‘supercharge’ the manufacturing sector.” The article adds that President Trump’s infrastructure plan “calls for $1.5 trillion over the course of the next decade to overhaul the nation’s roads, bridges, airports and even broadband distribution,” adding that “the funds are expected to result from a combination of public and private assistances, with the federal government contributing around $200 billion.”

 

        In a blog post for Shopfloor (3/29), the NAM writes that “fixing our nation’s ailing infrastructure has long been a critical priority for manufacturers and manufacturing workers,” and it quotes Timmons on the importance of infrastructure investment. Timmons says, “Like tax reform, a significant investment in our nation’s infrastructure has the power to supercharge manufacturing in America by improving our competitiveness while also making our families and communities safer. The administration has already delivered on some important permitting reforms, and the president’s call for a substantial $1.5 trillion investment is the kind of leadership manufacturers have wanted for a very long time.” The post also highlights the main points of the NAM’s infrastructure plan, Building To Win.

 

        In addition, Timmons tweeted about President Trump’s speech, saying, “Great to see @POTUS committed to getting infrastructure reform done for America’s manufacturers. Just like with tax reform, we’re ready to help.” 

 

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