Ed. Note: Cross-posted from SBA Blog
Supporting growth and innovation in manufacturing is critical to helping America out-compete the rest of the world and create 21st-century jobs.
On Monday, I was at DuPont in North Carolina holding a roundtable with manufacturers as part of the President’s meeting with the Council on Jobs and Competitiveness. I talked to a small business that designed a safer tool for doctors to use in surgery, and they hope to start hiring and manufacturing soon. In addition, I’ve talked to many more small manufacturers in recent weeks, from an industrial cabinet maker in El Paso to a “green” roof-shingle company in Buffalo. Their common thread is that they’re all making plans to grow and hire.
They’re not alone.
Since 2010, nearly 250,000 manufacturing jobs have been added in the U.S., helping reverse a decade-long trend when millions were lost.
As part of the President’s meeting with the Council on Jobs and Competitiveness, SBA Administrator Karen Mills (on the left) holds a roundtable discussion with manufacturers at DuPont in North Carolina. (Photo by DuPont).
At the SBA, we put important tools directly in the hands of small manufacturers, including more than $2 billion in financing to them last year alone. Through the Small Business Jobs Act, we also raised the SBA loan limit to small manufacturers to up to $5.5 million (the highest SBA loan limit ever) to help them buy a new warehouse or a big piece of equipment, and put Americans back to work.
Fonte: White House