Sen. Kirsten Gillibrand Friday announced a $200-million federal aid proposal to provide cheap loans and job training funds to U.S. manufacturers to keep jobs from being shipped overseas.
States and regions would compete for one of 10 allocations of $20 million to fund pilot programs to help manufacturers invest in their facilities and equipment, partner with community colleges to train workers, and expand their export business.
"We have to work together to ensure that the next generation of products are made here in New York, especially here on Long Island," Gillibrand (D- N.Y.) said on a visit to D'Addario & Co. Inc.'s Farmingdale factory.
She said her legislation is intended to reverse the trend of outsourcing that has seen Long Island lose nearly 17,000 manufacturing jobs since 2001. The bill has six Democratic co-sponsors but does not have a Republican sponsor. She said it should have nonpartisan support.
Since 2008 D'Addario has brought back almost all of the manufacturing work it had outsourced overseas. CEO James D'Addario said of Gillibrand's proposal, "It's not much money, but it's a good start, and if it shows success and jobs are created, then maybe they can come up with more."