A Proclamation on Made in America Week, 2024
My Administration was determined to turn things around by investing in America and Americans once again — building an economy from the middle out and bottom up, not the top down. The results are clear: Since I came into office, the economy has created over 15 million jobs — including nearly 800,000 manufacturing jobs. The unemployment rate fell to its lowest level in half a century. And manufacturing is roaring back with new factories being built all across the country — in big cities and rural communities. So far, companies have invested more than $700 billion in American manufacturing.
On my watch, Federal projects are being made with American products and are being built by American workers. I signed the “Invent It Here, Make It Here” Executive Order, which directs Federal agencies to prioritize domestic manufacturing when it comes to research, development, innovation, and bringing inventions to market. We are also using the immense purchasing power of the Federal Government — the largest buyer of consumer goods in the world — to bring manufacturing back home. My Administration has implemented the most robust change to the Buy American Act in almost 70 years by raising the domestic content threshold for Federal procurement from 55 percent to 65 percent in 2024 — and we are set to raise the bar even higher to 75 percent in 2029.
Additionally, thanks to our Bipartisan Infrastructure Law, 60,000 new infrastructure projects have been announced across the country, rebuilding our roads, bridges, airports, ports, rail networks, water systems, and more. We are investing $90 billion to provide affordable, reliable, high-speed internet to everyone in the United States, which is driving manufacturing jobs in industries like fiber optic cable manufacturing. My CHIPS and Science Act is investing in more research and development for manufacturing than ever before, attracting $348 billion in private sector investments to build new semiconductor factories. This manufacturing boom is creating hundreds of thousands of jobs — many of which pay over $100,000 and do not require a college degree.
A Proclamation on Made in America Week, 2024 | The White House