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U.S. Secretary of Commerce, Gina Raimondo says that since the beginning of the Biden-Harris Administration, the manufacturing sector has been on growing steadily.
“The U.S. manufacturing sector contributes $2.65 trillion to the U.S. economy, employs nearly 13 million American workers, and accounts for 10.3 per cent of the nation’s GDP,” said Raimondo.
Raimondo made the disclosure on Wednesday during the U.S. National Manufacturing Day, 2024, organised by the Department to recognize U.S. manufacturers and their contributions to employment, innovation, and economic growth. Raimondo said :”
It’s also a time to celebrate the importance of experienced, equity-driven leadership in reshaping America’s manufacturing and supply chain future, as President Joe Biden has.
“There is no one who cares more about revitalizing American manufacturing than President Biden…He believes that America is a place where we should make things. And that is what his Investing in America agenda is all about.”
The Commerce Department’s Commitment to Manufacturing Through historic bills like the Bipartisan Infrastructure Law, Inflation Reduction Act, and CHIPS and Science Act, the Commerce Department is investing billions of dollars in U.S. manufacturing in communities across America and making transformational investments in what and how we manufacture in the United States.
During the Biden-Harris Administration, over 700,000 new manufacturing jobs have been created and over $910 billion in private manufacturing investments have been announced nationwide.
As manufacturing has soared, so too has the opportunity for workers of all backgrounds to get good-paying, quality jobs. One of those jobs belongs to Carlos from Baltimore.
With a focus on veterans, disconnected youth, formerly incarcerated individuals, and other underserved populations, the Maryland Works for Wind project received $23 million dollars under the Good Jobs Challenge grant program to train thousands of individuals to enter good-paying jobs in the cleaner, greener manufacturing industries we need workers in to scale.
Pat, a training manager in Mississippi who is working on a similar Commerce-funded manufacturing workforce program, stressed how much the funding has helped his workers. “We’re getting kids right out of high school and training them for good-paying, high-quality jobs.
They’re so proud to be making something of themselves.” Investing in America’s People, Places, and Potential .
Manufacturing is an investment priority for the U.S. Economic Development Administration (EDA) — it plays a critical role in the United States’ economic competitiveness. In addition to helping transition communities to new economic futures through manufacturing, EDA is helping America’s regions evolve to meet the ever-changing manufacturing needs ahead. Beyond the jobs that manufacturing provides, the sector is a major source of innovation for the United States.
The ability to create goods and services—and the quality jobs they power—continues to be a driving force in growing the nation’s competitiveness on a global stage.
Since January 2021, EDA has invested $2 billion in 732 projects that support Manufacturing or Advanced Manufacturing, with more than 300 of those projects dedicated to helping communities and regions upskill and build the capacity for economic development.