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Caterpillar CEO: pro growth policies and innovation will lead the MFG renaissancePosted by Gino DiCaro, VP, Communications on Sept. 24, 2015
Caterpillar CEO, Doug Oberhelman, along with Honeywell CEO, Dave Cote, commented last week on CNBC's Squawk Box on the potential for a U.S. manufacturing renaissance.
At the core of their comments, were two drivers -- the tremendous innovation within their companies, like Caterpillar machines being interconnected by computers, and the pro-growth policies necessary to compete and win, like re-authorization of the U.S. Export-Import bank.
California's own manufacturing sector boasts so much of the country's cutting edge innovation in R&D that it could translate into manufacturing for our middle class to lead the national manufacturing "scale-up". But like national policies, we need to make sure our state programs are inline with the competitive needs of our manufacturing base -- cost effective energy policies, flexible work laws, workforce training initiatives, more regulatory certainty, etc.
With only two percent of the country's manufacturing investments last year, we have work to do. A powerful message of manufacturing growth is likely taking over the country, and now California needs to ensure its rightful place in that resurgence for its own economy.
Manufacturing executives in California should also follow the lead of CEO's like Oberhelman and Cote. If we see more of these public interviews and speeches from California manufacturing executives we can help give state lawmakers the support they need to pass pro-growth policies.
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