Smaller US manufacturers warm to Biden's big industrial plan, survey shows

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A survey of 150 producers shows that nearly 49% believe President Joe Biden is more likely to bring about an American manufacturing renaissance, compared to just over 31% who gave that accolade to Republican candidate Donald Trump. About 15% favor an unnamed third-party candidate. Biden's industrial policy, aimed at boosting semiconductors, electric vehicles, green technologies, and other sectors, has not yet produced many manufacturing jobs. Randy Altschuler, CEO of Xometry, a Maryland-based company that provides digital sourcing services for industrial producers, said that federal investments have yet to filter down to smaller producers, but they will benefit further down the road as high-profile projects create demand for goods and services needed to complete and supply those factories. The political divide over industrial policy has narrowed in recent years, with some Republicans, like Senator Marco Rubio, advocating for a strong industrial policy while criticizing the Biden initiatives. However, the National Association of Manufacturers Political Action Committee has directed nearly three-quarters of its contributions to Republican candidates in this election cycle.

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https://finance.yahoo.com/news/smaller-us-manufacturers-warm-bidens-120200889.html