But bringing manufacturing back to the U.S. isn’t just a matter of building new facilities on American soil. What we’re talking about is, first and foremost, a business proposition. That means navigating the ever-changing waters of policy, trade and taxation.
In an effort to help middle-market manufacturing companies initiate new operations, or return existing operations to the United States, the accounting and advisory firm Baker Tilly Virchow Krause, LLP has announced the formation of the Center for the Return of Manufacturing (CFRM). The CFRM will also provide similar services to companies located abroad that have an interest in launching manufacturing operations within the U.S.
“The United States manufacturing sector has undergone significant and fundamental changes in recent years, particularly in traditionally heavy manufacturing states,” said Jeff Jorge, CFRM leader. “We created the CFRM for our clients and those manufacturers who have been looking for advice and guidance to help manage those changes as well as those we expect to come.”
The stated aim of the CFRM is to help manufacturers with a variety of issues, including reshoring, global manufacturing, site selection, project financing, domestic and international taxes, import/export and supply chain and technology services.
“The CFRM will play an important role in the future of U.S. manufacturing by offering tools and hands-on support to manufacturers. We emphasize balance in our approach to help companies analyze, understand and confidently execute the favorable business case for reshoring, relocating, growing and optimizing operations in the U.S,” Jorge added.
For more information, visit the CFRM webpage.