New Rules Will Bring Diverse Voices to Advice on Boosting U.S. Manufacturing Sector U.S. Commerce Secretary Penny Pritzker today announced revisions to the membership eligibility requirements for the Manufacturing Council (Council) that will allow representatives of U.S. subsidiaries of foreign-owned or controlled firms to join the advisory panel.
The expanded eligibility rules, announced at the inaugural SelectUSA 2013 Investment Summit , will add voices to the Council that advises the Commerce Secretary on policies on initiatives to increase domestic and foreign direct investment (FDI) in the U.S. manufacturing sector, including SelectUSA.
The Council, established in 2004, advises the Secretary of Commerce on challenges facing U.S. manufacturers and makes recommendations to help U.S. manufacturers maintain global competitiveness. Until now, the Council charter specified that membership consist of representatives of the U.S. manufacturing industry defined as a firm incorporated in the United States (or an unincorporated firm with its principal place of business in the United States) that is controlled by U.S. citizens or another U.S. entity as determined by direct or indirect control of the entity’s stock or ownership interests.
Council members represent a balanced cross-section of the U.S. manufacturing industry according to sector, geographic location, demographics, and company size. A Federal Register notice seeking applications from manufacturing firms to fill five current vacancies on the Council will be issued shortly.
Source: U.S. Department of Commerce
