2010 MEP National Conference Keynote

The transcript covers a speech by Secretary of Commerce Gary Locke, highlighting his background and achievements. It discusses the economic challenges faced by the U.S., signs of recovery, and the importance of manufacturing in economic strategy. The speech outlines government initiatives to support manufacturing, including the Recovery Act and R&D investments. It also emphasizes the need to boost exports and trade through the National Export Initiative, aiming to double exports and create jobs.

What was one of Gary Locke's significant contributions as the governor of Washington?

• Building new highways

• Improving healthcare facilities

• Increasing exports to China

• Reducing state taxes

What recent positive sign was mentioned regarding the American economy?

• Decrease in inflation rates

• Increase in monthly jobs

• Reduction in national debt

• Rise in housing prices

What was a major issue in the American economy before the recession?

• Decline in technology sector

• High unemployment rates

• Excessive government spending

• Flat wages for middle-class families

Why is manufacturing considered vital for the American economy?

• It reduces environmental pollution

• It provides low-cost products

• It is a major source of middle-class jobs

• It supports the tourism industry

What is one reason for the decline in manufacturing jobs in the US?

• Increased productivity and efficiency

• Decrease in consumer demand

• High import tariffs

• Lack of skilled labor

What is the goal of the National Export Initiative?

• To lower production costs

• To double America's exports in five years

• To reduce import taxes

• To increase domestic consumption

What is the I6 Challenge aimed at?

• Enhancing public transportation

• Increasing agricultural output

• Promoting technology commercialization and entrepreneurship

• Reducing government spending

What percentage of US companies export to only one country?

• 25%

• 58%

• 75%

• 90%

What is a key focus of the Commerce Department to help manufacturers?

• Reducing labor costs

• Improving access to foreign markets

• Increasing local taxes

• Limiting technological advancements

What is the estimated return on investment for companies implementing green practices through the MVP program?

• 50 to one

• 100 to one

• 130 to one

• 200 to one