In its Monday, June 21 edition, USA Today carried an editorial by Andrew N. Liveris, Chairman and CEO, The Dow Chemical Company (NYSE:DOW), which outlines his 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 plan calls for action on a number of fronts to establish a broad policy framework that will enable economic growth in this key sector, which employs nearly 13 million people in the U.S. and six million in related fields. As part of an integrated and strategic approach that will incentivize manufacturers to create the jobs of the future, Liveris recommends a focus on:
- New infrastructure that modernizes our nation’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.; and
- Civil justice reform to control spiraling costs.
The USA Today editorial appeared the same day Dow hosted Vice President Joe Biden at its global headquarters in Midland, Mich., where the Company showcased several of its major green tech initiatives that address global energy needs and will create thousands of well-paying jobs.