The United States Commerce Department announced new eligibility guidelines to create five additional membership slots on the Manufacturing Council. Effective this month (November) representatives of U.S. subsidiaries of foreign owned or controlled companies may participate in the Council.
The expanded eligibility is expected to add a new perspective to the Council that advises Commerce Secretary Penny Pritzker on policies and initiatives to increase domestic and foreign direct investment in the U.S. manufacturing sector.
Secretary Pritzker observed, “Adding representatives from foreign companies doing business in the U.S. will bring a new dynamic to Council deliberations as we discuss policies to attract and retain foreign direct investment in manufacturing.”
According to a joint report by the Commerce Department and the President’s Council of Economic Advisors, the U.S. subsidiaries of foreign owned firms play an important role in the U.S. economy in terms of job creation, capital investment as well as research and development expenditures.
The Council was established in 2004 to advise the Secretary of Commerce on the challenges facing U.S. manufactures and to make recommendations to maintain U.S. global competitiveness. Council members represent a cross-section of industries, geographic location and company size. Application information will be published in the Federal Register on the process for filling the five vacancies.