Made in the USA
The subsidy comes from New York State, which supplies, at cost, the electric power that Revere uses to produce copper sheets and slabs. Mr. O’Shaughnessy says it accounts for half of Revere’s profit.
Subsidies Aid Rebirth in U.S. Manufacturing
With such support, the key measure of manufacturing’s presence in America is ticking upward.”
“The evidence is easy to spot. An American company, Element Electronics, for example, has made flat-screen televisions for years at a factory in China but is now expanding in America. It recently opened a factory near Detroit that is producing the first televisions made in the United States by any company in years.
At General Electric, local tax breaks and a concessionary union contract contributed to G.E.’s decision to manufacture its latest electric water heater in Louisville, Ky. — instead of in China.
Similarly, the Otis Elevator Company is moving production to a new factory in Florence, S.C., from a plant in Nogales, Mexico, and Master Lock has switched the manufacture of combination locks back to Milwaukee from China.
At P.A.M.A. Furniture, in Jamestown, N.C., the owning Pennisi family has begun to manufacture upholstered chairs and sofas “from scratch,” “
Ken Jarvis - LVKen7@Gmail.com Author of - The Most POWERFUL Person, in the HISTORY OF THE WORLD. On Facebook - On Twitter