The good news is that many companies are already firmly committed to their American operations. Volkswagen, for example, has invested $4 billion in the United States. The company recently launched a new $1 billion assembly plant in Chattanooga, Tenn. This investment created more than 12,000 new jobs in the area and is expected to generate $12 billion in local income growth.
Michelin is also expanding its American workforce with a new $750 million tire-manufacturing facility in Anderson County, S.C. This is the firmís ninth facility in the state and 19th in North America. Itís expected to create 500 new jobs.
Our lawmakers have a golden opportunity to strengthen the national business climate and recruit more global investment. They shouldnít waste it.
Rep. Elijah Cummings, D-Md., right, hugs Harold Schaitberger, General President of the International Association of Fire Fighters, after the Congressman spoke at the IAFF's Legislative Conference General Session at the Hyatt Regency on Capitol Hill, March 9, 2015. The day featured addresses by members of Congress and Vice President Joe Biden.