MBN USA

June 18, 2024

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The panel members discuss the benefits of America’s industrial renewal are equitably shared

The U.S. is on the cusp of a groundbreaking moment. Three pieces of federal legislation enacted in 2021 and 2022—the Infrastructure Investment and Jobs Act (IIJA), CHIPS and Science Act (CHIPS Act), and Inflation Reduction Act (IRA)— collectively authorize nearly $1.5 trillion in an effort to reshape America’s industrial landscape while meeting the nation’s critical infrastructure, high technology, and clean energy needs. They can also create a once-in-a-lifetime opportunity to close the nation’s racial wealth gaps, but their ability to do so depends on the extent to which members of historically disadvantaged groups own businesses in the manufacturing supply chains that the legislation is designed to support.

ICIC recently released a first-of-its-kind report titled “Racial Equity in America’s New Industrial Transformation,” which details the impact of the IIJA, CHIPS Act, and IRA on Black- and Hispanic-owned manufacturers. This pivotal study maps out the current landscape and charts a course for significant change to ensure that the benefits of America’s industrial renewal are equitably shared.

Join us for this webinar where Howard Wial, Senior Vice President and Director of Research at ICIC will present the report's findings. U.S. Representative Ro Khanna and Ying McGuire, CEO and President of NMSDC, will provide keynote remarks on the implications. Following the presentation, a roundtable discussion will be moderated by Susan Helper, former Chief Economist at the U.S. Department of Commerce and White House Staff.

KEYNOTE SPEAKERS

Representative Ro Khanna

Congressman Ro Khanna is a leading progressive voice in the U.S. House of Representatives working to restore American manufacturing and technology leadership, improve the lives of working people, and advance U.S. leadership on climate, human rights, and diplomacy around the world. Read more.

Ying McGuire, CEO & President, NMSDC

Ying McGuire is the CEO and president of the National Minority Supplier Development Council (NMSDC), America’s most influential and successful minority business development organization. Prior to her appointment at NMSDC, Ms. McGuire served as the Global Vice President at Technology Integration Group (TIG), an NMSDC certified minority-owned technology company with 25 offices in the US, China, Canada, and a global partner network covering 4 continents. Read more.

Presenter

Howard Wial, Senior Vice President and Director of Research, ICIC

Howard Wial is co-author of Racial Equity in America’s New Industrial Transformation. He is a specialist in urban and regional economic development and has extensive experience as an economist and economic policy advisor. Read more.

Roundtable Guest

Ro Khanna and Ying McGuire will be joined by Susan Helper, who will moderate a roundtable discussion following the presentation.

Susan Helper, Frank Tracy Carlton Professor of Economics at Case Western Reserve University and former Chief Economist at the U.S. Department of Commerce

Susan Helper is the Frank Tracy Carlton Professor of Economics at the Weatherhead School of Management at Case Western Reserve University. She was formerly Chief Economist at the U.S. Department of Commerce and a member of the White House Staff. Her research focuses on the globalization of supply chains and on how U.S. manufacturing might be revitalized. Read more.