REED HIGHLIGHTS HOW RECENT BILLS, USMCA WILL HELP NY MANUFACTURERS
Today, Rep. Tom Reed highlighted how recent bills introduced along with the United States Mexico Canada Agreement (USMCA) will help New York manufacturing.
“We are proud to be a constant advocate for U.S. manufacturing in the halls of Congress, and the bills introduced will help give our local manufacturers fair access to resources they need to boost jobs,” Tom said. “However, this is only one piece of the puzzle. Speaker Pelosi must put USMCA on the floor for a vote to keep the success of U.S. manufacturing moving in the right direction – otherwise the New York manufacturing jobs we care about could be in jeopardy.”
Recent manufacturing bill introduced include:
· The Finger Lakes Region was selected for this award during a 2014 Department of Commerce pilot program.during a 2014 pilot program. Commerce awarded $2.6 million in grants to High Tech Rochester, Inc. in 2016 to establish a business incubator space in a city-owned building. This project is estimated to create 100 new startup businesses and 1,000 new jobs within the first five years of operation. In total the Finger Lakes Region received five awards totaling $8.8M.; and anticipated another $30M before the program stopped receiving agency support.
· Phase Innovations in Alfred, Seneca Foods in Geneva, Capro-X in Ithaca, Dickson Environmental Services in Bath, Zotos International in Geneva, Advanced Atomization in Clyde and LifeWall in Geneva.
· Tom teamed up with Rep. Joe Kennedy to reintroduce this bill.
Tom highlighted how important USMCA is for New York manufacturers, as Canada and Mexico purchase nearly one-fifth of New York’s total global manufacturing exports and 82 percent of those manufacturers are small - and medium-sized businesses supporting local New York jobs.
More than 21 thousand New York manufacturing jobs are at stake over the passage of USMCA.
USMCA will also boost manufacturing jobs across the country. For example, in the automotive sector alone this trade deal means:
USMCA includes "gold standard" language in the areas of l
USMCA includes "gold standard" language in the areas of labor, currency manipulation and rules of origin to help New York manufacturers.