Rep. Frank Wolf (R-VA) today announced the launch of a new online tool developed by the U.S. Department of Commerce aimed at encouraging businesses to retain manufacturing in America and bring outsourced manufacturing back from overseas.
The Assess Costs Everywhere (ACE) tool -- available starting today at acetool.commerce.gov -- was an idea originated by Wolf and directed in the FY 2012 spending bill for the Commerce Department. This one-of-a-kind tool details the "hidden" costs and risks associated with offshore production, provides testimony from an increasing number of business owners who decided to bring their manufacturing back to America from overseas, and includes links to useful public and private resources.
Wolf has been an outspoken proponent of bringing manufacturing back to the U.S. from countries like China in order to create new jobs and boost American competitiveness. In 2011, Wolf introduced the Bring Jobs Back to America Act, containing a variety of initiatives aimed at encouraging the "repatriation" of manufacturing to the U.S. As chairman of the House Appropriations subcommittee that funds the Department of Commerce, Wolf included some of these same initiatives in the FY 2012 spending legislation.
"After years of outsourcing, American firms are now realizing the benefits of bringing production back to the United States," Wolf said. "With unemployment stuck around 8 percent -- and underemployment even higher -- the repatriation of manufacturing is a win-win for American businesses and workers. I believe the ACE Tool is a necessary and important resource for business owners to understand the benefits of bringing jobs back to the U.S."
The ACE Tool identifies and analyses 10 cost and risk factors, such as labor and shipping costs, that firms should examine when making production decisions. In the coming weeks, the Department of Commerce's blog will touch on each of the 10 areas and discuss the benefits of domestic production.
"The ACE Tool highlights key factors that a business should consider before deciding where to locate its operations, and these factors demonstrate the real advantage of the U.S. as a place to invest," Deputy U.S. Commerce Secretary Rebecca Blank said. "It's a valuable resource that companies can use to plan their growth and create new jobs."