Dow CEO Calls for a U.S. Advanced Manufacturing Plan
Jun 30, 2010
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On June 21, 2010 - the same day Dow Chemical Co. hosted U.S. Vice President Joe Biden at its global headquarters - USA Today carried an editorial by Dow CEO Andrew N. Liveris outlining the company's vision for an Advanced Manufacturing Plan to rejuvenate the U.S. economy, re-grow jobs, and allow the manufacturing industry to compete successfully again in the global marketplace.
The Dow plan calls for action on a number of fronts to establish a broad policy framework that will enable economic growth in the U.S. manufacturing sector, which employs nearly 13 million people and six million in related fields.
To incentivize manufacturers to create the jobs of the future, Liveris recommends a focus on:
• New infrastructure that modernizes U.S. communication networks, electric grids, and air, sea, and land transportation systems,
• Investment in R&D, which has proven to lead to economic growth, greater worker productivity, and higher standards of living.
• Funding for education to enhance key skills for manufacturing in science, technology, engineering, and mathematics.
• A "pro-trade" policy to create reciprocal market access with important trading partners.
• An alternative energy strategy that encourages efficiency, lower carbon alternatives, and an expanded traditional supply.
• Smart regulatory reform to ensure product innovation isn’t bogged down by regulations that lack a solid scientific basis.
• Lowering corporate taxes and issuing R&D tax credits to incentivize manufacturing companies to operate in the U.S.
• Civil justice reform to control spiraling costs.
Vice President Biden came to the Dow global headquarters in Midland, MI, where the Company showcased several of its major green tech initiatives that address global energy needs and are intended to create thousands of well-paying jobs.
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