President of National Association of Manufacturers visits island - Hawaii News Now - KGMB and KHNL

President of National Association of Manufacturers visits islands

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HONOLULU (HawaiiNewsNow) -

The National Association of Manufacturers (NAM) is the largest manufacturing association in the U.S., representing small and large manufacturers in every industrial sector and in all 50 states. Manufacturing employs more than 12 million men and women, contributes $2.17 trillion to the U.S. economy annually, has the largest economic impact of any major sector and accounts for more than three-quarters of all private-sector research and development in the nation. The NAM is the powerful voice of the manufacturing community and the leading advocate for a policy agenda that helps manufacturers compete in the global economy and create jobs across the U.S.

The Chamber of Commerce Hawaii is the exclusive state affiliate for NAM. The Chamber, along with NAM,  has coordinated several meetings and visits with local manufacturers, as well as policy makers, to provide them with an opportunity to hear what’s happening at the national level with the new Trump administration, particularly with American manufacturing a priority with the new administration. A reception with NAM President & CEO Jay Timmons, will be held for that purpose, which is open to members and non-members. As the NAM affiliate here in Hawaii, one of the Chamber’s priorities is our Manufacturing in Hawaii initiative to support the industry in Hawaii with programs, seminars and events to help companies the industry’s overall growth here in Hawaii.

According to new results from the NAM Manufacturers’ Outlook survey, manufacturers’ optimism is at a new all-time high in the survey’s nearly 20-year history.  93.3 percent of manufacturers are either somewhat or very positive about their company’s outlook, up from 56.6 percent one year ago and 77.8 percent in December.

Manufacturers of all sizes are now less concerned about the business climate going forward. Small manufacturers—more than 90 percent of our membership—are among the hardest hit by regulatory obstacles. The rising confidence stems from the belief that the new administration in Washington, D.C. will bring much needed regulatory relief—as well as reforms to the tax code and a significant infrastructure package.

Manufacturers in Hawaii account for 1.8 percent of the total output in the state and employs 2.1 percent of the workforce. Total output from manufacturing was $1.45 billion in 2015. There were 13,500 manufacturing employees in Hawaii in 2015, with an average annual compensation of $43,928. Manufacturers help to drive Hawaii’s economy, with $1.73 billion in manufactured goods exports in 2015.

More information can be found at cochawaii.org or nam.org.

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