How often do you see that proudly displayed on the products, gadgets, and other favorite things collected or used in your home or business? It’s more often you see that something may have been invented in the states, but produced in China, Taiwan, and other countries. We know that’s the case because of the cost difference. Producing in America can sometimes be double or even triple the cost of having something made and shipped from another country. It shouldn’t be a decision between buying American to boost our economy and buying outside the states to cut costs. So what’s being done to change this? SBA.gov is excited to give us the answer to that very question. “… today we applaud new legislation in the Senate that would help novel manufacturing startups open their first factories in the USA by creating a public-private Manufacturing Scale Up Investment Fund. The Scale-Up Manufacturing Investment Company (SUMIC) Act of 2015 would establish a fund, administered by the Small Business Administration, to offer federal loan guarantees to investors looking to invest in novel manufacturing startups looking to make their products in the United States.” Read more here.
Stars and Stripes Manufacturing
