Inexpensive natural gas will boost manufacturing growth in the U.S. and its metropolitan areas according to a new report released by the U.S. Conference of Mayors and prepared by IHS Global Insight.

Unveiled by key members of USCM's Advanced Manufacturing Task Force during a press conference phone call, the report titled Impact of the Manufacturing Renaissance from Energy Intensive Sources, details the impact the energy sector has had on manufacturing in the nation's metropolitan areas since 2010, and shows how the new availability of inexpensive natural gas has ignited the steel, iron, fabricated metals and machinery manufacturing industries as well as those of plastic, rubber, resin and organic chemicals.

"We believe the energy revolution is helping the U.S. regain its footing in the manufacturing sector," said Lansing, MI Mayor Virg Bernero, Chair of the U.S. Conference of Mayors Advanced Manufacturing Task Force who led the call. "Most of these manufacturing jobs will occur in our cities and their metropolitan regions, which we know are the drivers of the national economy."   

The report provides employment and sales growth from 2010 to 2012 for nine manufacturing industries including fabricated metals, machinery, and plastics that are energy intensive. It also forecasts expected employment and sales from 2012 to 2020 in the top 100 metro areas, all 363 metros combined, and nationally, for the nine manufacturing sectors.

"This report underscores that the manufacturing sector has been critical in helping the national economy rebound from the recession, especially in metropolitan areas. The energy intensive industry, in particular, has been a key component in the manufacturing expansion and has played a key role in the country's overall economic recovery," said Waterbury, CT Mayor Neil O' Leary, Vice-Chair of the USCM Manufacturing Task Force who participated in today's call. "We are energized to see that employment in this area will continue to grow, which means new jobs locally for residents in our cities."

By: DocMemory
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