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 firm’s ninth facility in the state and 19th in North America. It’s expected to create 500 new jobs.
Our lawmakers have a golden opportunity to strengthen the national business climate and recruit more global investment. They shouldn’t waste it.