5. 5
Items for Discussion
1. The important role small businesses play in
the US economy
6. 6
Items for Discussion
1. The important role small businesses play in
the US economy
1. America’s economic and manufacturing story
7. 7
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
9. 9
Manufacturing has lost ~6 million jobs since 2000
Net Manufacturing Job Loss, 2000 - 2010
Thousands of employees, seasonally adjusted
200
100
0
-100
-200
-300
-400
-500
-600
-700
-800
From 2000-2010
manufacturing lost
6 million jobs net
2000 Q1
2000 Q3
2001 Q1
2001 Q3
2002 Q1
2002 Q3
2003 Q1
2003 Q3
2004 Q1
2004 Q3
2005 Q1
2005 Q3
2006 Q1
2006 Q3
2007 Q1
2007 Q3
2008 Q1
2008 Q3
2009 Q1
2009 Q3
2010 Q1
2010 Q3
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
10. 10
The Obama Administration’s Policy Framework
1.Increase competitiveness for the US as a location
for production
11. 11
The Obama Administration’s Policy Framework
1.Increase competitiveness for the US as a location
for production
2.Increase the nation’s innovation advantage
12. 12
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
13. 13
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
14. 14
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
15. 15
National Network for Manufacturing Innovation
(NNMI)
“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
16. 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 infrastructure
16
What is the NNMI?
19. 19
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.
20. 20
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.