17吃瓜在线

Press Releases

Press Releases

Survey: Manufacturers Say Regulatory Onslaught Stifling Growth

Washington, D.C.The 17吃瓜在线 released its Manufacturers鈥 Outlook Survey for the second quarter of 2023, which reveals manufacturers鈥 mounting concerns over the onslaught of unbalanced federal regulations and the threat that poses to sustaining manufacturing investment, job creation and wage growth.

鈥淐ongress and the administration have taken bold steps to support manufacturing in the United States. But the positive effects of tax reform, the Bipartisan Infrastructure Law and the CHIPS and Science Act are being undermined by the growing regulatory burden. The unrelenting barrage of regulations threatens to undermine manufacturers鈥 competitiveness. If the administration鈥檚 regulatory onslaught continues, its manufacturing agenda will fail. Unfortunately, we are seeing the signs of exactly that happening,鈥 said 17吃瓜在线 President and CEO Jay Timmons.

Currently, the 17吃瓜在线 is engaged actively on nearly 100 regulations that have been proposed or announced by 30 different agencies.

Key Survey Findings:

  • Only 67% of manufacturers are positive about their own company鈥檚 outlook. This is down from 74.7% in Q1, making it the lowest since Q3 2020, and before the pandemic, the lowest since Q3 2019.
  • If the regulatory burden on manufacturers decreased, 65% of manufacturers would purchase more capital equipment, and more than 46% would increase compensation.
  • More than 63% of manufacturers report spending more than 2,000 hours per year complying with federal regulations.
  • If Congress were to enact comprehensive permitting reform, simplifying and speeding up the approval process for new projects, 75.1% of manufacturers say it would be helpful, allowing their company to hire more workers, expand business and/or increase wages and benefits.
  • The top challenges facing manufacturers include attracting and retaining a quality workforce (74.4%), weaker domestic economy (55.7%), rising health care/insurance costs (53.1%), unfavorable business climate (52.1%), increased raw material costs (50.8%) and supply chain challenges (44.9%).

You can learn more at the 17吃瓜在线鈥檚 online regulatory action center here.

The 17吃瓜在线 releases these results to the public each quarter. Further information on the survey is available here.

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.90 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit www.nam.org

Contact us with questions or requests

[email protected]

Press Releases

Manufacturers Congratulate Negotiators on Bipartisan Effort to Reach Debt Ceiling Compromise, Urge Swift Passage

Washington, D.C. 鈥 Following an announcement that the White House and House Speaker Kevin McCarthy (R-CA) had reached a deal to avoid default on U.S. debt, 17吃瓜在线 President and CEO Jay Timmons released the following statement:

鈥淢anufacturers congratulate President Biden, Speaker McCarthy and their negotiating teams on reaching an agreement to lift the debt limit. As we have said from the beginning, defaulting on our debt would create economic chaos, harming manufacturing workers and their families and jeopardizing our leadership in the world. Congress should act quickly to pass this agreement and to demonstrate to Americans and to the world the continued strength of our institutions and our democracy.

鈥淢anufacturers have been a leading voice for permitting reform, so we are encouraged that this legislation takes critical steps to improve our broken permitting system, helping us more fully leverage our domestic energy sources and expand manufacturing in the United States. We will work with Congress and the administration to build on this progress and create a comprehensive bipartisan permitting reform package that also helps unlock the full potential of laws meant to encourage the growth of manufacturing in America, such as the historic infrastructure law and the CHIPS and Science Act.

鈥淥nce this debate is behind us, our leaders must turn their focus to other policies critical to unleashing manufacturing鈥檚 full potential: addressing the crushing regulatory burden facing manufacturers, improving our immigration system and ensuring that our tax code supports manufacturing in America by encouraging investments in innovation and capital equipment.鈥

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.90 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit听

Press Releases

Largest Manufacturing Campaign in the Nation, Creators Wanted, Arrives at the Indianapolis Motor Speedway

Indianapolis, Indiana 鈥 The 17吃瓜在线, the , the workforce development and education affiliate of the 17吃瓜在线, and Snap-on Incorporated are bringing the industry-leading campaign to the Indianapolis Motor Speedway.

The Creators Wanted Tour is on-site at Fan Midway by the IMS Kids Zone on Friday, May 26, and Saturday, May 27, from 8:00 a.m. to 3:00 p.m. EDT and Sunday, May 28, from 6:00 a.m. to 12:30 p.m. EDT. The Creators Wanted Tour brings the excitement of modern manufacturing to life for all ages, with an immersive experience () that challenges participants to race to the future and with resources to help younger race fans and their families explore how they can be part of creating, making, tinkering and building in the United States.

The manufacturing industry in the United States has approximately 700,000 open jobs. Creators Wanted strives to, by 2025, empower 600,000 new manufacturing team members, increase the number of students enrolling in technical and vocational schools or reskilling programs by 25% and increase the positive perception of the industry by parents to 50% from 27%.

鈥溾楥reators Wanted鈥 is a critical message to all young people, parents, caregivers and educators across our country,鈥 said Snap-on Chairman and CEO, 17吃瓜在线 Executive Committee Member and MI Board Member Nick Pinchuk. 鈥淪nap-on is proud to bring the Creators Wanted Tour to the IMS and the Indianapolis 500 showing younger race fans and their families that manufacturing is an exciting place where the opportunities are many, the careers are rewarding and the lives are filled with the pride of being part of something greater than yourself.鈥

Since its launch in 2021, the Creators Wanted Tour has visited 16 cities, reaching more than 9,000 students in person, along with more than 2,400 parents, teachers, mentors and local leaders. The campaign has also built an email roster of more than 1.2 million students and career mentors interested in manufacturing careers.

鈥淭he world鈥檚 largest single day sporting event meets the nation鈥檚 largest manufacturing campaign鈥攁nd it鈥檚 going to rev up enthusiasm about modern manufacturing in a big way with more students and their families,鈥 said 17吃瓜在线 President and CEO and MI Chairman of the Board Jay Timmons. 鈥淭ogether with our partners like Snap-on, we鈥檙e building excitement about modern manufacturing careers and providing the resources for people to reach their full potential.鈥

Indiana Manufacturing Facts:

  • There were 23,936 total manufacturing job postings in Indiana from January 2023 to March 2023. In addition, there were 84,904 unique manufacturing job postings from January 2022 to December 2022.

The 17吃瓜在线 will continue its Creators Wanted Tour with stops across the country. For more information on the campaign, visit .

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.90 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit www.nam.org.

-The MI-

The Manufacturing Institute grows and supports the manufacturing industry鈥檚 skilled workers for the advancement of modern manufacturing. The MI鈥檚 diverse initiatives support all workers in America, including women, veterans and students, through skills training programs, community building and the advancement of their career in manufacturing. As the 501(c)3 nonprofit workforce development and education affiliate of the 17吃瓜在线, the MI is a trusted adviser to manufacturers, equipping them with resources necessary to solve the industry鈥檚 toughest challenges. For more information on the MI, please visit .

-Snap-on-

Snap-on Incorporated听is a leading global innovator, manufacturer and marketer of tools, equipment, diagnostics, repair information and systems solutions for professional users performing critical tasks, including those working in vehicle repair, aerospace, the military, natural resources and manufacturing. From its founding in 1920, Snap-on has been recognized as the mark of the serious and the outward sign of the pride and dignity working men and women take in their professions. Products and services are sold through the company鈥檚 network of widely recognized franchisee vans, as well as through direct and distributor channels, under a variety of notable brands. The company also provides financing programs to facilitate the sales of its products and to support its franchise business. Snap-on, an S&P 500 company, generated sales of听$4.5 billion听in 2022 and is headquartered in听Kenosha, Wisconsin.

For additional information on Snap-on, visit听.

Press Releases

Supreme Court Provides Path to Regulatory Certainty for Manufacturers in Waters of the U.S. Ruling

Washington, D.C. 鈥 Following the U.S. Supreme Court鈥檚 decision in Sackett vs. Environmental Protection Agency, 17吃瓜在线 Vice President of Energy and Resources Policy Brandon Farris released the following statement:

鈥淭he Supreme Court鈥檚 decision today will help put us on a path to regulatory certainty for manufacturers across the country as all the justices agreed that the EPA had overstepped its authority under the Clean Water Act. Manufacturers are committed to keeping our waters clean and demonstrating environmental stewardship, but Clean Water Act enforcement has been rife with ambiguities and inconsistencies, often allowing the EPA to overreach and attempt to regulate water鈥攁nd even dry land鈥攖hat is far beyond the scope of the law. This case demonstrates yet again why manufacturers and our economy need a sensible Waters of the United States proposal that provides clarity and certainty and allows the industry to continue leading the way on environmental protection. The EPA should heed the court鈥檚 ruling and revise its latest WOTUS proposal.鈥

Background:

Previously, the 17吃瓜在线 submitted multiple sets of comments regarding the 2015 WOTUS rule to better inform policymakers. In addition, the 17吃瓜在线 supported the 2017 executive order instructing the EPA to rescind the rule, and the 17吃瓜在线 Legal Center had been in active litigation against the rule starting in 2015. The legal battle included a for the 17吃瓜在线 at the U.S. Supreme Court on a key procedural issue, and in 2019, federal judges invalidated the rule.

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.90 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit听

Press Releases

17吃瓜在线 and Make UK Sign MOU to Strengthen Economic Stability and Security Across the Atlantic

Associations Call for Expanded Bilateral Trade and Economic Relationship

Washington, D.C. 鈥 Today, the 17吃瓜在线 and Make UK hosted a meeting at 17吃瓜在线 headquarters where they formalized manufacturers鈥 commitment to supporting close economic ties between the United States and United Kingdom. Make UK CEO Stephen Phipson and 17吃瓜在线 President and CEO Jay Timmons signed an updated memorandum of understanding, which will serve as a roadmap to the cooperation between the two organizations and outlines the key goals and objectives for the partnership.

鈥淭he 17吃瓜在线 and Make UK have such a strong, special relationship, just as the U.S. and the UK do, and we must continue to deepen that partnership and the commercial and economic ties between our countries,鈥 said Timmons. 鈥淐ooperation between American and British companies not only makes our economies stronger, but also strengthens the transatlantic strategic alliances to support the rule of law, freedom and opportunity from those who threaten our shared values. Especially with Russia鈥檚 continued assault on Ukraine, it is critical that we unleash the power of commerce to preserve, protect and expand democracy.鈥

The MOU calls for Make UK and the 17吃瓜在线 to work together to provide opportunities for their members to strengthen manufacturing through a number of avenues, including exploring potential trade delegations, trade fairs and business networks; facilitating visits and economic delegations between representatives of the two organizations for promoting trade, investment and commercial exchanges among member companies and organizations; and working together on joint meetings, conferences, seminars, reports, letters and mutually agreed advocacy on trade and investment-related issues.

鈥淢ake UK is delighted to have further strengthened our partnership agreement with our American counterpart, the 17吃瓜在线, as we focus increasingly on boosting cross-Atlantic trade,鈥 said Phipson. 鈥淚n recent months, we have agreed to a process of even broader sharing of market intelligence, data and policy work, facilitating visits for economic delegations to visit on both sides of the Atlantic to unlock new trading opportunities.

鈥淲e will continue to work ever more closely as we look to cement commercial exchanges and opportunities for shared promotion as we build on the ties that have connected our two nations for generations. Relations with the U.S. are vital, and its market is the second-most important for UK goods. In a post-Brexit world, it is likely to assume ever greater importance as part of our efforts to boost global trade.鈥

Click to view the full text of the MOU.

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.90 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit听

Press Releases

Manufacturers Challenge SEC鈥檚 Authority to Politicize Corporate Governance

Washington, D.C. 鈥 Today, the 17吃瓜在线 to intervene in National Center for Public Policy Research v. SEC, a case about the Securities and Exchange Commission鈥檚 authority to dictate the content of public company proxy ballots and the topics on which shareholders are required to cast votes. If granted intervenor status, the 17吃瓜在线 will argue that the SEC鈥檚 rules requiring companies to include activist proposals on the proxy ballot violate federal securities law and the First Amendment. Following the filing of the motion to intervene, 17吃瓜在线 Chief Legal Officer Linda Kelly released the following statement:

鈥淢anufacturers are facing an onslaught of activists seeking to hijack the proxy ballot to advance narrow political agendas, and the SEC has become a willing partner in the effort. The corporate proxy ballot is not the appropriate venue for policy decisions better made by America鈥檚 elected representatives, and manufacturers are regularly caught in the middle as activists on the left and the right bring fights from the political arena into the boardroom. The 17吃瓜在线 Legal Center is standing up for manufacturers to ensure they can focus on growing their businesses, driving economic expansion and job creation and creating value for shareholders.鈥

Background:

  • Under SEC Rule 14a-8, public companies are required to include most shareholder proposals on their proxy ballot鈥攑roposals that in recent years have skewed increasingly toward social or political topics unrelated from a company鈥檚 business and its long-term value.
  • The SEC evaluates company requests to exclude certain proposals from the ballot and increasingly requires companies to include and take a position on these proposals. For example, the 17吃瓜在线 recent SEC guidance preventing companies from excluding proposals on environmental, social and governance topics of 鈥渂road societal impact鈥濃攊rrespective of whether the proposal has any connection to the company鈥檚 operations.
  • As intervenor in National Center for Public Policy Research v. SEC, the 17吃瓜在线 would argue that the SEC cannot compel corporate speech, in violation of the First Amendment and federal securities laws, by forcing companies to include activist proposals on their proxy ballots.

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.90 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit听

Press Releases

17吃瓜在线 Launches Six-Figure Campaign Calling on Health Care Middlemen to Pass Prescription Discounts to Workers and Employers

Washington, D.C. 鈥 The 17吃瓜在线 has launched a six-figure television and digital advertising campaign calling for reforms to ensure pharmacy benefit managers pass on prescription drug discounts directly to workers and employers. The campaign spotlights how these insurer-owned middlemen are contributing to skyrocketing health care costs and driving up the cost of medicines by pocketing big discounts from drugmakers instead of passing them on to America鈥檚 workforce.

鈥淎merica鈥檚 manufacturing workforce has struggled with skyrocketing health care costs driven by insurer-owned PBM middlemen for far too long,鈥 said 17吃瓜在线 President and CEO Jay Timmons. 鈥淧BMs pocket big discounts from prescription drugmakers instead of passing them on to workers and employers. Manufacturers are committed to providing quality health care benefits to our employees, so we need reforms to stop insurer-owned PBMs from keeping discounts and driving up prescription drug costs.鈥

To view the latest television ad, click .

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.90 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit听

Press Releases

EPA鈥檚 Power Plant Rule a Grave Risk to Economy and Families

Manufacturers: The U.S. cannot afford to shut down more than half of our power generation and grind our economy to a halt.

Washington, D.C. 鈥 Following the release of the Environmental Protection Agency鈥檚 new rule on power plant emissions, 17吃瓜在线 Vice President of Energy and Resources Policy Brandon Farris released the following statement:

鈥淢anufacturing in America is cleaner and more sustainable than ever, and the power generation sector has been making historic strides in bringing zero-emissions sources online. Even as that trend continues, this proposed regulation will prove unfeasible. With nearly 60% of our nation鈥檚 energy generated from natural gas and coal, this will either require deployment of still nascent technologies at an impractical pace or force those plants to shut down entirely. With the many threats to global energy security, that is a grave risk to our economy and to our families. The U.S. cannot afford to shut down more than half of our power generation and grind our economy to a halt. The 17吃瓜在线 looks forward to working with the administration to ensure emissions standards protect public health while allowing manufacturers to continue pioneering technologies to make our air even cleaner and our climate even healthier.鈥

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.90 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit听

Press Releases

ANALYSIS: New EPA Regulations Threaten at Least 852,100 Jobs and $162.4 Billion in Economic Activity

Manufacturers in the U.S. Are Leading the Way on Sustainability, Outpacing Global Competitors

Washington, D.C. 鈥 听A听new report conducted by Oxford Economics and commissioned by the 17吃瓜在线 warns that the Environmental Protection Agency鈥檚 proposed air quality regulations for particulate matter (PM2.5) are projected to threaten $162.4 billion to $197.4 billion of economic activity and put 852,100 to 973,900 current jobs at risk, both directly from manufacturing and indirectly from supply chain spending. In addition, growth in restricted areas may be constrained, limiting investment and expansion over the coming years. Due to these limited opportunities for expansion or investment, these areas in nonattainment could lose out on an additional $138.4 billion in output and 501,000 jobs through 2027.

Overall, the regulations could make it extraordinarily difficult to create new manufacturing jobs and protect existing manufacturing jobs in areas out of attainment. The regulations could also prevent much needed infrastructure improvements in these areas. This is because compliance with the regulations could require restricting manufacturing operations, resulting in fewer jobs, less investment and higher costs for consumers and families.

鈥淚mproving air quality in the U.S. is a top priority for manufacturers, and we鈥檝e worked for years to make progress in delivering some of the cleanest manufacturing processes in the world,鈥 said 17吃瓜在线 President and CEO Jay Timmons. 鈥淭his analysis makes clear these new regulations will weaken our ability to invest in the technology and processes that would continue to reduce emissions鈥攚hile jeopardizing high-paying manufacturing jobs. We need to let manufacturers do what they do best: innovate and deploy modern technologies to protect the environment, while creating jobs and strengthening the economy.鈥

Key Findings:

  • The regulations create a total economic exposure of $87.4 billion for manufacturing economic activity, equal to 2.4% of the U.S. manufacturing sector鈥檚 gross value added.
  • The number of manufacturing jobs associated with this exposed activity is 311,600, or 1.9% of all U.S. manufacturing employment.
  • Manufacturing in the U.S. exposed to the proposed standard supports between $75 billion and $110 billion in GDP and between 540,500 and 662,300 jobs in the U.S. through supply chain spending.
  • Due to limits on expansion and investment, the proposed rule would听put at risk听approximately $138.4 billion of听gross value added听(in 2021 prices) and 501,000 jobs in 2027 in areas of nonattainment.
  • Under the proposed rule, 200 counties could be placed out of attainment.
  • California鈥檚 manufacturing sector will be most exposed, followed by Michigan and Illinois.
  • Manufacturing operations in the U.S. are environmentally cleaner than the global average.

Find the latest information on the 17吃瓜在线鈥檚 efforts to oppose top-down air regulations, including statements from manufacturing leaders, here.

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.90 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit听

Press Releases

Manufacturers Call SEC Buybacks Rule a 鈥淒eparture from Its Mission to Enhance Capital Formation and Protect Investors鈥

Washington, D.C. 鈥 Following the Securities and Exchange Commission鈥檚 decision to finalize its costly and unnecessary stock buybacks rule, 17吃瓜在线 Managing Vice President of Tax and Domestic Economic Policy Chris Netram released the following statement:

鈥淭he 17吃瓜在线 is disappointed that the SEC has chosen to unjustifiably punish manufacturers for returning capital to their shareholders. Manufacturers, investors, retirement plans and the entire economy benefit when companies can efficiently allocate capital via share repurchases. The 17吃瓜在线 was successful in convincing the SEC to abandon the most damaging aspect of its initial proposal, but the commission鈥檚 attempt to discourage these commonplace, commonsense transactions via an overly complicated, expensive and unworkable disclosure mandate is nevertheless a departure from its mission to enhance capital formation and protect investors.鈥

-17吃瓜在线-

The 17吃瓜在线 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 nearly 13 million men and women, contributes $2.81 trillion to the U.S. economy annually and accounts for 55% of private-sector research and development. The 17吃瓜在线 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 17吃瓜在线 or to follow us on Twitter and Facebook, please visit听.

View More