NEC Applauds Obama’s Support for Trade, Manufacturing

BOSTON – New England Council President & CEO James T. Brett issued the following statement today regarding President Obama’s address on job creation to a joint session of Congress last night:

“We commend President Obama’s urgency in addressing job creation and are hopeful that Congress will work constructively and quickly to address our economic challenges.  All ideas must be explored, and we are particularly pleased to hear President Obama’s emphasis on trade and advanced manufacturing–two longstanding New England Council priorities.

South Korea, Colombia and Panama each offer unique market opportunities to increase the export of goods and services from New England, thereby creating jobs and pouring millions of dollars into our region’s economy.  Not only is there great potential for job creation if the pending trade agreements will these three countries are approved by Congress, but eliminating barriers to trade with these three nations will make the U.S. more competitive in the global marketplace.

At the same time, advanced manufacturing of highly specialized product is a sector that holds great potential for job growth, particularly here in New England.  However, it is a sector that needs support and investment in order to thrive, and we are pleased to hear President Obama’s strong backing of revitalizing the American manufacturing sector.”

Just this week, the New England Council sent letters to each member of the New England Congressional delegation urging them to support passage of the pending free trade agreements with South Korea, Colombia, and Panama.  In the letters, the Council stressed the significant economic impact of exports to these three nations in the six New England states, and the potential for job creation if exports are increased.  The letters provided each member of the delegation with data on economic impact and jobs specific to their state and Congressional district. More information is available on the Business Competitiveness page of our website.

The Council has long advocated for investment in advanced manufacturing as an avenue for job creation in New England.  The Council partnered with Deloitte Consulting, LLP, to release a report titled “Advanced Manufacturing in Networked World: Prospects for Resurgence in New England.” The report debunks the myth that manufacturing is a dying industry, and highlights the significant potential for the creation of high-paying jobs in this industry in New England.  The report also highlights positive examples of efforts that are currently underway to increase manufacturing innovation and productivity in the region, and calls on policymakers to support and invest in this industry.  Earlier this year, the Council also supported several legislative initiatives designed to support the revitalization of the U.S. manufacturing industry. Visit the Business Competitiveness page of our website for more detail.

The New England Council, the country’s oldest regional business organization, is an alliance of businesses, academic and health institutions, and public and private organizations throughout New England formed to promote economic growth and a high quality of life in the region.  The Council is dedicated to identifying and supporting federal public policies and articulating the voice of its membership regionally and nationally on important issues facing New England.  The NEC is also committed to working with public and private sector leaders across the region and in Washington through educational programs and forums for information exchange.  For more information, please visit: www.newenglandcouncil.com.

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