Congress should significantly broaden the Manufacturing Engineering Education Program, providing at least $100 million in funding and establishing programs at 20 universities.

To Do: Broaden the Manufacturing Engineering Education Program

Congress should create a U.S. Economic Competitiveness Commission to provide an independent assessment of U.S. competitiveness in traded sectors, including but not limited to manufacturing.

To Do: Create a U.S. Economic Competitiveness Commission

Congress should allow small research companies to carry their net operating losses forward even after a change in ownership.

To Do: Allow Small Research Companies to Carry Forward Net Operating Losses

Congress should create a “U.S. Manufacturing Digitalization Investment Fund” that would provide repayable, low-interest loans to American SME manufacturers to help finance upfront investment in digital manufacturing technologies and solutions.

To Do: Provide Loans to SME Manufacturers to Help Finance Digitalization

Congress should direct NSF to establish stronger university entrepreneurship metrics and use them to provide stronger incentives for commercializing research.

To Do: Direct NSF to Establish Stronger University Entrepreneurship Metrics

Congress should mandate the creation of a traded-sector analysis unit to assess key indicators of overall U.S. competitiveness performance and develop strategic policy roadmaps for key traded sectors.

To Do: Create a Traded-Sector Analysis Unit Within the Federal Government

Congress should establish a reshoring incentive fund to provide financial support for firms in critical industries to relocate production now in China to the United States.

To Do: Establish a Reshoring Incentive Fund for Critical Industries

Congress should create a commission to identify legislative and regulatory measures that would encourage companies to invest more for the long term.

To Do: Create a Commission to Combat Corporate Short-Termism

Congress should allow investors in small research companies that have net operating losses to declare the portion that was associated with qualifying research activity.

To Do: Create a 401(k) Program for Small Manufacturers

Recommendation

Details

Editors’ Recommendations

Fifty Ways to Leave Your Competitiveness Woes Behind: A National Traded Sector Competitiveness Strategy

Related

To Do: Broaden the Manufacturing Engineering Education Program

To Do: Create a U.S. Economic Competitiveness Commission

To Do: Allow Small Research Companies to Carry Forward Net Operating Losses