This strategy is a blueprint for competitiveness that will unleash the economy and manufacturing’s outsized multiplier effect. Importantly, manufacturers’ aspirations—the four goals laid out in the pages that follow—are ones that all Americans who want to maintain our country’s economic advantage can rally around.
Administration Follows Manufacturers’ Lead on Energy Efficiency
NAM Report Showed Initiative Spurred Investment and Created Jobs
Washington, D.C., 05/09/14 - Manufacturers who have been leaders in developing and utilizing energy-efficient technologies and products today commended President Obama for his announcement to renew the Energy Savings and Performance-Based Contracting Investment Initiative with a brand-new, $2 billion target. The federal government recently completed the President’s initial two-year, $2 billion initiative, first announced in December 2011.
In December 2013, the NAM issued a report assessing the President’s program, using data from the companies involved. The report found that more than $1.3 billion worth of projects will have been awarded by the end of 2013, with another $1 billion worth of projects in various stages of the development pipeline and expectations of an additional $200 million being awarded in early 2014. Moreover, the President’s initiative created jobs across the manufacturing supply chain in almost every U.S. state.
“Performance-based contracts are a win-win-win for manufacturers, the federal government and the American public,” said NAM President and CEO Jay Timmons. “The government has saved money and energy by upgrading its buildings; jobs have been created across the supply chain to manufacture and install these products and technologies; and by leveraging the power of the private sector, there have been no upfront costs to taxpayers. Manufacturers thank President Obama for committing again to this highly successful, job-creating initiative.”