CPA’s Take: CivicaRX CEO Martin VanTrieste explains why it is essential, and achievable to reshore pharmaceutical production to the US. Two years ago, a group of U.S. hospitals launched Civica Rx, a nonprofit generic drug company that I have the honor to lead. Its core mission is to deliver quality medicines at sustainable prices. [Martin Vantrieste…
In response to the ongoing impact of the COVID-19 pandemic, the Defense Department (DOD) and the U.S. International Development Finance Corporation (DFC) have launched a program to provide federal loans for domestic U.S. industry. The initiative will make available $100 million from COVID-19 relief funds to help reshore critical domestic manufacturing capacity. The funds being…
Editor’s Note: Mike Dolan is a trade policy specialist and lobbyist for the International Brotherhood of Teamsters and is the CPA board of directors. Larry Willis, President of the Transportation Trades Department, AFL-CIO, spoke with America’s Work Force Radio Podcast on June 22 about the importance of the United States investing in its infrastructure. [Ed…
Editor’s Note: George Boyd Jr. is the vice president of Goldens’ Foundry and Machine Company and a CPA member. They’re sold out everywhere. How complicated could it be to just make some more? Turns out, very. [ Alex Shultz | April 7, 2020 | GQ] It didn’t happen exactly this way, but it feels like it did:…
Editors note: Michele Nash-Hoff explains why we need an industrial strategy focusing on getting manufacturing back. So the 40 million unemployed have a chance it getting better jobs than the ones they left. Continuing my series on why manufacturing is important to America, the second reason is that wages and benefits for manufacturing jobs are approximately…
CPA Working Paper By Stephen L. Byers PhD and Jeff Ferry Abstract The Coalition for a Prosperous America is introducing the new CPA Reshoring Index to track the success of US manufacturing industry in meeting domestic demand for manufactured goods. The CPA Reshoring Index (CRI) measures the annual change in the share of US consumption…
Excerpt: There’s little time to waste. America must bring back key industries from China. And we must enact an ambitious trade and infrastructure program to create millions of good-paying jobs, jumpstart the economy and make America stronger than we were before COVID-19. This makes sense, given the tremendous disruption caused by the coronavirus. Medical supplies are…
Health, Security, Economic Benefits from Reshoring By Steven L. Byers, PhD and Jeff Ferry With the spreading coronavirus pandemic, Americans are becoming increasingly aware of our dependence on foreign sources for important pharmaceuticals and other health care products. The US is dependent on China for over one third of all the antibiotics we import, and…
By Jeff Ferry, CPA Chief Economist On October 25th, America’s largest steelmaker Nucor opened a new steel mill in Hickman, Arkansas. The mill will employ about 100 workers at an average salary of $80,000 a year. A jubilant Arkansas Governor Asa Hutchinson attended the opening and told the crowd: “I am thrilled that Nucor chose…
On March 8th, the president announced tariffs of 25% on steel imports and 10% on aluminum tariffs. The tariffs were levied under Section 232 of the 1962 Trade Act. Imports of both metals were reaching levels that seriously threatened US national security, including the reliable supply of metal for military use and use in vital…
