We need to do everything possible to support businesses in places like Missouri that are thinking about insourcing.
This week, I invited executives from businesses that are insourcing jobs to a forum at the White House.
First, we should stop rewarding companies for outsourcing jobs overseas and start rewarding companies for bringing jobs back through insourcing.
The President has highlighted the emerging trend of insourcing - companies bringing jobs back and making additional investments in the United States.
He would change that so that it ceases encouraging investment overseas and outsourcing of jobs, and encourages insourcing of investment and jobs.
In the beginning insourcing having someone on staff was best, but when that process became inefficient, she looked at outsourcing alternatives.
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The other day, I met with business leaders who are doing their part by insourcing -- by bringing jobs back to the United States.
The list, which OFII calls "The Insourcing 50, " is the only comprehensive tallying of how heavily foreign companies are investing in the United States.
The great news is there are a lot of companies that are now thinking about insourcing and moving jobs back to the United States.
So I can talk about the President's position on insourcing versus outsourcing, his demand that Congress act to end incentives that encourage companies to outsource.
In the event that insourcing is necessary, these skilled resources are critical to establishing job requirements for internal recruiting and setting up the internal operation.
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The President will discuss his proposals to support insourcing, including tax incentives to encourage business investment in the United States, and investing in a 21st century infrastructure.
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So, absolutely, this will be a two-way session where ideas are exchanged, as well as the fact of insourcing and reinvesting in America is noted and celebrated.
Let me tell you something -- I want insourcing, not outsourcing. (Applause.) I want to stop giving tax breaks to companies that are shipping jobs overseas.
The speculative story is already spreading and consists of the energy extraction revolution, insourcing of manufacturing, technological prowess in Big Data, 3-D manufacturing, robotics, and a housing market recovery.
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Fishman focuses on another, equally surprising, insourcing story: over the past year, General Electric has revived its principal U.S. appliance manufacturing facility, a huge complex in Louisville, Kentucky.
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Since many of those same companies export combat systems in competition with producers in other markets like France and Russia, Pentagon insourcing has the potential to impair U.S. military exports.
Insourcing versus outsourcing is a dilemma many companies face.
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The Rolls-Royce Crosspointe jet engine disc manufacturing facility the President will visit is an example of how insourcing means companies from around the world are creating new, good paying jobs here at home.
The problem is one of perception: jobs lost to imports or outsourcing are more visible to the lay public than the jobs created by exports and insourcing, even though they do tend to balance out.
In Milwaukee, the President will tour and deliver remarks at Master Lock, to continue to discuss his blueprint for an economy built to last based on American manufacturing and the importance of companies insourcing and investing in America.
Well, these companies are insourcing.
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In terms of Virginia, he will be speaking broadly about the economy, about reinforcing the trend towards a growing manufacturing sector in this country, and also reinforcing a trend that is very positive that has seen companies bring jobs back to the United States -- the insourcing trend.
Today, the President will travel to Master Lock Company in Milwaukee, Wisconsin to discuss his Blueprint for an America Built to Last, which invests in American manufacturing by encouraging companies to create manufacturing jobs in the United States while removing deductions for shipping jobs overseas and encouraging insourcing.
One of the ways to do that, as the President laid out in the State of the Union address and has reiterated many times since, is to accelerate the growing trend of insourcing, where companies are bringing jobs back to the United States and making additional investments right here in America.
WHITEHOUSE: Press Briefing by Deputy Press Secretary Josh Earnest
That includes, most recently, from last week, the establishment of SelectUSA -- or rather that was in June -- but the insourcing forum that the President had highlighting this very important trend in American business where American companies are bringing jobs back to the United States, which is a very positive thing indeed, and the efforts the President wants to take to increase that trend.
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