I wrote about this in my latest series - Thank you for highlighting that the South's emerging manufacturing hubs already have what Washington is asking for: aligned education and workforce systems, and a more permissive environment for new firm formation and maturation. The pivot that's still missing is on the capital side (and this is where there is significant opportunity for those with vision). When LPs start treating Huntsville, Savannah, and the I-85/95 corridors as seriously as they treat Silicon Valley/El Segundo, we will see a galvanizing flywheel of regional funds and operating companies turning today's wins into durable ecosystems.
This should come as no surprise. The US will not see broad-based reindustrialization until it addresses the overvalued dollar, thanks to which we still do not have, even today, a net positive tariff on imports on average. See my Substack article on this problem with Marc Fasteau, “There Will Be No Reindustrialization Without Devaluing the Dollar”
Unless and until we have a political will to manufacture within the US, we won't.
Currently our only goal is to sell products and make the most profit. We do so by manufacturing where labor is extremely cheap, and occupational safety doesn't exist. Corporate America isn't ready to submit to government regulation to the extent necessary to produce cheaper higher quality products here in the US.
I wrote about this in my latest series - Thank you for highlighting that the South's emerging manufacturing hubs already have what Washington is asking for: aligned education and workforce systems, and a more permissive environment for new firm formation and maturation. The pivot that's still missing is on the capital side (and this is where there is significant opportunity for those with vision). When LPs start treating Huntsville, Savannah, and the I-85/95 corridors as seriously as they treat Silicon Valley/El Segundo, we will see a galvanizing flywheel of regional funds and operating companies turning today's wins into durable ecosystems.
This should come as no surprise. The US will not see broad-based reindustrialization until it addresses the overvalued dollar, thanks to which we still do not have, even today, a net positive tariff on imports on average. See my Substack article on this problem with Marc Fasteau, “There Will Be No Reindustrialization Without Devaluing the Dollar”
Unless and until we have a political will to manufacture within the US, we won't.
Currently our only goal is to sell products and make the most profit. We do so by manufacturing where labor is extremely cheap, and occupational safety doesn't exist. Corporate America isn't ready to submit to government regulation to the extent necessary to produce cheaper higher quality products here in the US.
Right to work for less didn't work out so well.