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Manufacturing01-23-25 | Economic News

Manufacturing

2024 Yearbook / 2025 Forecast
by Aaron Schmok, LASN

Manufacturing

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The National Association of Manufacturers (NAM) congratulated President-Elect Donald Trump on his 2024 victory, emphasizing opportunities to collaborate on advancing U.S. manufacturing. NAM highlighted the 2017 Tax Cuts and Jobs Act as a catalyst for sector growth, enabling job creation, wage increases, and investment. However, manufacturers face challenges, including rising costs, regulatory burdens, and uncertainty. NAM urged policies to roll back regulations, modernize permitting, and strengthen energy independence to sustain manufacturing competitiveness. With over 600 business leaders emphasizing manufacturing's role in national security and economic resilience, NAM expressed optimism about working with the new administration to drive innovation and growth. tinyurl.com/NAM-Econ-24

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