America’s manufacturers are at the heart of our nation's economy, providing jobs for millions of American families. The U.S. manufacturing sector is today the world’s largest; by itself it would represent the 9th largest economy in the world.

 

Nevertheless, manufacturing today faces enormous challenges. In 1950, manufacturing accounted for more than 30% of non-farm employment. As of last year, it's down to 10%. One third of all manufacturing jobs have disappeared since 2000.

 

Despite these challenges, many sectors of American manufacturing have the potential for success. Although the talent and hard work of America’s entrepreneurs, innovators, and workers will drive these industries, there is a critical role for sound government policy. With the right policies, America can foster successful industries like biotechnology, wind power, nanotechnology, aerospace, and next generation automobiles.

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On April 7th, 2010, Ohio Manufacturing CEOs joined Ron Bloom, Senior Counselor to the U.S. President for Manufacturing Policy, Governor Ted Strickland, and Congresswoman Mary Jo Kilroy for a Business Forward Roundtable in Columbus, Ohio.

The following month, Bloom joined Business Forward Members again -- this time in California -- briefing 15 Silicon Valley Venture Capital Partners, Manufacturing CEOs, and CFOs on the Administration's effort to revitalize the manufacturing industry.

 

The forum was hosted by Applied Materials, the world's largest supplier in the semiconductor equipment market. Dr. Om Nalamasu, Deputy Chief Technology Officer and Gary Fazzino, Senior Vice President at Applied Materials led the discussion.