The President’s Commerce Secretary was in the hot seat this week, talking American manufacturing with a Senate subcommittee.
Kansas Senator Jerry Moran questioned Lutnick over a program that helps smaller U.S. manufacturers. The department is not requesting money for that program next year. Lutnick says it is not forgotten, but rather being reworked.
“Programs that were set up by the Department of Commerce decades ago, to assist in technology for manufacturing, tend to be outdated. The new technology is AI-driven, automated, and I think we need to reexamine and retool a whole variety of these programs so that we are able to provide the best technological assistance rather than just continuing our program that’s decades and decades old.”
The Hollins Manufacturing Extension Partnership was started back in 1988. It is a public-private partnership that was designed as a cost-share program. Leaders say the program helped manufacturers get $15 billion in sales last year.
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RealAg Radio host Shaun Haney joined us on Friday’s Market Day Report to discuss what the Carney-Xi meeting could mean for Canadian producers.
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