"People think manufacturing is over and done with in the United States, that all of the jobs have been 'offshored,' " said William Pfundt, president and CEO of General Machine Products Co. in Bensalem.
Pfundt is a third-generation owner of General Machine Products, which manufactures tools for the telecommunications, power utility and cable television industries.
Those steps could help the industry, Tyler and Pfundt
said, but they are far from the only answers.
At General Machine Products
, growth has been slow over the past few years, Pfundt
said, because the company was hit hard in the early days of the economic downturn in 2008.
While it didn't lay off employees, it did offer early retirement plans to some workers.
It now has 85 workers in the U.S.
To grow, the company has looked overseas - not for workers, but for sales, Pfundt
sells products in China and other countries, which has helped increase business, he
concerned about the nation's tax structure, where owners of small companies like his
pay taxes on the company's profits through their personal income tax filings.
"We're profitable here, but when we started hearing that 'everybody's got to pay their share,' and the top tax bracket needs to be raised ...
I don't hear anybody making a distinction between an individual's paycheck and their profits from the business," he
"That means there's less retained earnings for the corporation.
That's money we would reinvest in capital equipment, or to hire more people."
and Tyler also said the cost of manufacturing in the U.S. needs to be addressed.
"It is expensive to manufacture in this country," Pfundt
"The general rule of thumb is it's about 20 percent more expensive, for many reasons: tax structure, energy costs, insurance.
All of those factors need to be looked at holistically in order to make the environment more conducive to manufacturers to stay here and to grow here and thrive here.
Which we are, but it's a battle.
All of those factors are concerns of people who run manufacturing businesses."
is happy to see manufacturing on the national stage.
"I'm glad to have the opportunity to talk about it," he