Commerce Secretary talks additive manufacturing, stock market

America Makes, Aug. 27, 2015
US Secretary of Commerce Connie Pritzker tours the America Makes facility on Boardman Street in Youngstown. Aug. 27, 2015.

YOUNGSTOWN, Ohio (WKBN) – U.S. Commerce Secretary Penny Pritzker spent Thursday morning in downtown Youngstown. She toured the America Makes Institute on West Boardman Street.

Pritzker says projects like that are part of the reason the U.S. economy is able to withstand the ups and downs of the stock market. As for America Makes, she says, “Fully one third of our economic growth comes from innovation.”

We asked Pritzker about her reaction to the market fluctuation this week. She says that it’s important to remember the stock market isn’t always a good reflection of the economy as a whole.

“We have to separate the stock market from the day to day actions of our economy, and what’s going on on the ground”, says Pritzker. “What’s going on on the ground is enormous amounts of innovation, production and creativity. We have to not get overly concerned with stock market gyrations, and instead focus on the fundamentals of our economy and focus on investing so our economy remains globally competitive.”

Pritzker says manufacturing is strong and job growth is promising. She also cites the digital economy as a big boon for the U.S.

She says, “What I see and what I’m focused on day in and day out is what’s going on with American businesses large and small. And we’re seeing growth in those businesses.”

WKBN 27 First News provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. No links will be permitted. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s