Biden’s Plan to Revitalize US Manufacturing and Secure Supply Chains Will Help America Better Compete With China and Deal With Next Pandemics, Says ITIF

February 24, 2022

WASHINGTON—Following the Biden administration’s release today of its comprehensive plan to revitalize American manufacturing and secure critical supply chains, the Information Technology and Innovation Foundation (ITIF), the leading think tank for science and technology policy, released the following statement from Stephen Ezell, vice president of global innovation policy at ITIF:

ITIF applauds the administration’s plan detailing much-needed concrete actions to strengthen critical supply chains across federal agencies. The plan includes a domestic manufacturing initiative led by the Export-Import Bank that will strengthen U.S. manufacturing exports, and an expanded State Small Business Credit Initiative channeling $70 billion in additional lending and investment for small businesses.

ITIF also welcomes the administration’s intentions to increase the sustainability of domestic production and processing of critical minerals; support breakthroughs in hydrogen and other clean energy technologies; and secure America’s base of industrial health resources. Also laudable are the calls to establish a Global Supply Chain Resilience forum to work on these challenges in collaboration with allied nations.

Overall, Biden’s plan represents a comprehensive and integrated effort to enhance the security, sustainability, and resilience of key supply chains—the pillars of America’s economic and national security. Implementing these measures will be crucial to ensuring the United States meets the competitive threat from China, accelerates progress toward a low-carbon-energy future, and is prepared for other pandemics that could disrupt the supply chain.

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Biden’s Plan to Revitalize US Manufacturing and  Secure Supply Chains Will Help America Better Compete With China and Deal With Next Pandemics, Says ITIF