To my colleague from Ohio (Mr. Ryan), the chairman of the House Manufacturing Caucus, I want to thank you for organizing this and for your leadership on this issue. On October 1, just 2 days ago, the Institute for Supply Management…
To my colleague from Ohio (Mr. Ryan), the chairman of the House Manufacturing Caucus, I want to thank you for organizing this and for your leadership on this issue.
On October 1, just 2 days ago, the Institute for Supply Management reported the manufacturing index rose in September for the fourth straight month to a reading of 56.2. Any reading above 50 indicates growth, and it's the highest level we've seen since April of 2011.
Now a couple of monthly statistics about manufacturing: In 2011, manufacturing contributed over $1.8 trillion to the Nation's economy and accounted for 47 percent of all U.S. exports. For every $1 that we spend in manufacturing, another $1.48 is added to the economy, the highest multiplier effect of any economic sector. Nine percent of the workforce, more than 11 million Americans, are employed in manufacturing. And two-thirds of the U.S. private sector investment in research and development occurs in the manufacturing sector.
The value and potential for future growth in manufacturing in Massachusetts is a perfect example. The industry continues to be a critical segment of our economy. Yes, in the downturn, we were hurt. But what's remarkable is that the persistence and ingenuity of the manufacturing industry statewide continues to rank above the national average in terms of the concentration of manufacturing employment.
And after years of decline, in 2011, the total number of manufacturing firms actually increased. This means that companies and industries like aerospace, electronics, computers, pharmaceuticals, they're central to the success of the Massachusetts manufacturing economy. It's why I believe in advanced manufacturing in that it promises future growth, and it's essential to the public-private partnerships that are going to innovate and are going to be needed to commercialize and bring new products to market.
That's why I'm proud to have written and introduced the Revitalize American Manufacturing and Innovation Act, RAMIA, of 2013, along with my Republican colleague Tom Reed of New York, the fellow cochairman with you, Mr. Chairman.
The bill is designed to bring industry, universities and community colleges, Federal agencies, and State and local governments all under one roof to accelerate manufacturing innovation. It establishes public- private sectors for manufacturing innovation that will help bridge the gap between basic research and development and commercialization of novel technologies.
The centers will serve as a regional hub of manufacturing excellence and will provide access to cutting-edge capabilities and equipment, creating an unparalleled environment to educate and train the next generation of our workforce.
And as we've seen, Mr. Chairman, we've seen this model work right there in your hometown of Youngstown, Ohio, the area that you represent. There are great advancements that we have seen in additive manufacturing in 3-D printing.
Our bill is locally driven manufacturing policy that addresses the disconnect between research, commercialization, and workforce training. We've seen that back in my district in communities like Taunton, Fall River, and Attleboro, where industrial manufacturing and manufacturing has been and can be a key to economic development in the future. That's why I support this industry. That is why I am proud to support this bill. And I thank you for the opportunity to speak this evening.