Reexamine and Retool: Commerce Secretary wants a revision of the manufacturing assistance programs

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that were set up by the Department of Commerce decades ago, to assist in technology for manufacturing, tend to be outdated.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.

Related Stories
U.S. Senator Joni Ernst (R-IA) joined us on Wednesday’s Market Day Report to share why Ames is uniquely positioned to support expanded USDA operations.
Iowa land values dropped 3% year-over-year. Sen. Chuck Grassley said this discomforting pattern is a harbinger of crisis for farmers, as seen in the 1980s.
Jed Bower, the incoming president of the National Corn Growers Association, joined us for his sector’s perspective on the ongoing government shutdown.
Treasury Secretary Scott Bessent last week said an announcement would be made on Tuesday. However, that self-imposed deadline has now passed.
Expect firm demand for dependable HRS and SW, steady movement in HRW, more sorting on SRW, and selective bids on durum until full milling results are released.
Dr. Todd Davis, Chief Economist with the Indiana Farm Bureau, shares a snapshot of his state’s harvest conditions and insights from producers.

LATEST STORIES BY THIS AUTHOR:

Export Inspections In Bushels Show Mixed Momentum Patterns
Expect firmer shop prices, leaner inventories, and selective hiring in ag-adjacent businesses — plan parts, service, and financing needs earlier.
FFA students in New York City are transforming urban spaces into working farms while gaining hands-on skills that connect city life with the roots of agriculture.
Alan Bjerga with the National Milk Producers Federation joins us to discuss the idea behind the campaign and why accurate labeling on plant-based beverages matters to both consumers and dairy producers.
Hughes shares how he’s preparing for the competition, his partnership with Bass Fishing Hall of Famer Mark Davis, and his journey from cattle ranching to professional bass fishing.