National Association of Manufacturers
|National Association of Manufacturers|
|Products||Industry association that aims to enhance competitiveness of manufacturers|
The National Association of Manufacturers (NAM) is an industry association that aims to advocate on behalf of its members to enhance the competitiveness of manufacturers by shaping a legislative and regulatory environment conducive to U.S. economic growth and to increase understanding among policymakers, the media and the general public about the role of manufacturing in America’s economic and national security.
In December of 2009, NAM praised U.S. Rep. Scott Murphy, D-Glens Falls, for an amendment he pushed through that exempted small business]es and manufacturers that trade in derivatives, as a means to hedge risk, from new regulatory oversight that would apply to large banks that speculate in the risky financial instruments.
The NAM was founded in Cincinnati, Ohio in 1895. The U.S. was in the midst of a deep recession in the mid-1890s, and many of the nation's manufacturers perceived a strong need to locate new markets for their products in other countries.
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- Vice President, Dorothy Coleman