Fun Facts About Manufacturing: Over One-eighth (13%) of Gross Domestic Product 80% > retail 175% > transportation and utilities 88% > construction, mining and agriculture

Standing alone, it is: The world’s 8 th largest economy The world’s 8 th largest economy Larger than the economies of: Larger than the economies of: - Spain - Canada - South Korea and Mexico combined

Manufacturing is responsible for nearly two- thirds (62%) of all U.S. exports of goods and services. Manufacturing is responsible for nearly two- thirds (62%) of all U.S. exports of goods and services. Manufacturing is responsible for three fifths of all industrial R & D Manufacturing is responsible for three fifths of all industrial R & D Manufacturing is responsible for 90% of all patents. Manufacturing is responsible for 90% of all patents. - Agriculture: $60billion/yearly - Manufacturing: $60billion/monthly

Manufacturing employs 14 million people Manufacturing employs 14 million people

Reduce the costs of doing business in the US NAM Study: 22% cost disadvantages vs. trading partners Regulations: --$180 billion cost of regulation --$32 billion workplace --Highest environmental costs Challenges: Taxes Health Care (1/6 of GDP)

Legal Costs (2% of GDP) Larger than the economies of: Hong Kong Hungary Vietnam Venezuela PortugalPeru Algeria Israel RomaniaIreland Czech RepublicMorocco DenmarkNigeria ChileKazakhstan NorwaySingapore FinlandBelarus ……..and 173 others