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.
Terri Henderson, 6, center, whose mother is El Salvador, attends a rally with members of Congress at Union Station's Columbus Circle to announce the Restore Opportunity, Strengthen, and Improve the Economy (ROSIE) Act on July 29, 2014. The legislation provides incentives for government contractors to pay a living wage and other benefits that would help low-income workers.