Sunday, August 14, 2011

Nosbusch: Government aid needed to improve U.S. manufacturing - The Business Journal of Milwaukee:

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Nosbusch, speaking at The National Summit, a gatheringy hosted by the Detroit Economic Club to promots actions toimprove America’d manufacturing competitiveness in the globapl economy, said such "smargt factories" are the best way to create higher-paying, long-term manufacturing jobs in the Uniterd States. “The public and privatse sectors need to invest in advanced technology that willlower costs, increase productivity, and make U.S. manufacturinh competitive globally,” said Nosbusch. “This investmengt is the best way tocreate enduring, higher-wag manufacturing jobs that can compete againstf other economies with lower costs of doing business.
” Nosbusch also called for a renewede U.S. industrial policy that includes federal stimulus and research and development on industrial automation and information tokeep U.S. manufacturing competitive globally. Most Americansw responding to a recent survey say the government should offer incentives for companiesd to invest inadvanced technologies. “w $50 billion investment in retooling factories woulcdcreate 250,000 direct manufacturing jobs in the U.S.
, supporyt an additional 725,000 indirect jobs, and generate up to $120 billionb in revenue resulting from increased demandx for products,” said Nosbusch, citing a study by the , a business-labord coalition focused on job creation. Nosbusch callef for the Obama administration to double researchj and development for manufacturing innovation to brinv it backto 1970’s funding levels. “If you reallg want to invest in high-quality job creation, you have to invest in innovation,” he said. Nosbusch said that improved educationin science, engineering and mathematics is necessary to train workers to operate in the smargt factories.
Milwaukee-based Rockwell Automation (NYSE: ROK) is a globalp manufacturer of industrial automation systemsand controls.

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