HomeMy WebLinkAboutResolutions - 2022.09.01 - 37596 AMENDMENT IN RE: Charles Amendment #1 WHEREAS the United States Treasury allocated Oakland County $244,270,949 of Local Fiscal Recovery Funds (LFRF) established under the American Rescue Plan Act (ARPA) of 2021; and WHEREAS under the guidance of the Final Rule, the County may use these funds at their discretion to support eligible investments in public health expenditures, address negative economic impacts caused by the public health emergency; replace lost public sector revenue; provide premium pay for essential workers; and invest in water, sewer, and broadband infrastructure; and WHEREAS it is reasonable to anticipate that public health emergencies and the economic injury that accompanies them, as in the case of COVID-19 at present, will continue to occur with some frequency and potentially have nation-wide impact; and WHEREAS it is known that disruptions to local economies and unanticipated need, coupled with the inability to quickly produce necessary personal protection equipment, contributed to the severity of the COVID-19 pandemic in Oakland County; and WHEREAS it is in the interest of Oakland County and its manufacturing base to be prepared to meet the challenge of the ongoing COVID-19 pandemic and future emergencies; and WHEREAS the Oakland County Economic Development department has been working with Automation Alley to establish the Oakland County PPE Resilience Program (also referred to as Project DIAMOnD Program); and WHEREAS the program aims to enhance the emergency response readiness and general competitiveness of Oakland County’s small and medium enterprises (SMEs) through the application of digital technologies known as Industry 4.0; and WHEREAS Industry 4.0 is the term used to describe the 4th industrial revolution and covers the application of technologies including Artificial Intelligence, Machine Learning, Cloud Computing, Internet of Things, Additive Manufacturing and more; and WHEREAS subject to technological capability, SMEs will be provided with services and resources to help them re-train, re-organize, upskill, install and incorporate enabling technologies that will lay the foundation for a standing “virtual stockpile"; and WHEREAS Oakland County SMEs leveraging digital technologies will be agile and ready to convert operations quickly in response to urgent demand while also enhancing their competitiveness in normal times; and WHEREAS the Project is expected to be named Project DIAMOnD Phase II. Project DIAMOnD Phase II is to be comprised of the entirety of Oakland County; and WHEREAS the Project DIAMOnD Program is planned to consist of two phases: 1. The successfully completed Project DIAMOnD Phase One, funded under the CARES Act, distributed 250 3D printers, addressing the acute economic impact driven by the COVID-19 virus. 2. Phase Two, which is funded by this resolution, addresses the chronic economic impacts of the COVID-19 virus through grants of capital equipment, which equals 750 3D printers; and WHEREAS American Rescue Plan Act (“ARPA”) funding is appropriate to spend on the allocated cost because 1) improvements to data or technology infrastructure and, 2) loans and grants to mitigate financial hardship from COVID-19 are a designated use of ARPA funding. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners hereby appropriates $15,000,000 in ARPA funds to Oakland County Economic Development for the proposed Project DIAMOnD Phase II. BE IT FURTHER RESOLVED expenditure of these funds is contingent upon successful completion of a capital expenditure justification prior to the expenditure or reimbursement of any funds to Automation Alley. The expenditure justification will 1. Describe the harm or need to be addressed; 2. Explanation of why a capital expenditure is appropriate; 3. Comparison of proposed capital project against at least two alternative capital expenditures. BE IT FURTHER RESOLVED an application process will be proposed by Automation Alley and approved by Oakland County Economic Development to ensure that all eligible Small Manufacturing Enterprises (SMEs) will meet the criteria outlined in Treasury Guidance. BE IT FURTHER RESOLVED that Automation Alley will collect all applications from eligible Small Manufacturing Enterprises and present to Oakland County Economic Development for approval. BE IT FURTHER RESOLVED that the Chairman of the Board of Commissioners shall appoint two commissioners to work with Oakland County Economic Development and review and participate in application development, grant awards, and oversight of program. BE IT FURTHER RESOLVED that Automation Alley will be responsible for submitting quarterly expenditure reports to the Economic Development and Infrastructure Committee and in conjunction with Oakland County Economic Development it will confirm that the economic assistance provided by Project Diamond Phase II project is a direct and proportional response to negative economic impacts experienced as a result of COVID. BE IT FURTHER RESOLVED all subrecipient agreements for Project DIAMOnD Phase II will be submitted for authorization by the Chairman of the Oakland County Board of Commissioners. BE IT FURTHER RESOLVED that the Oakland County Economic Development Department shall seek and apply for any other appropriate sources of federal and state funds that could be utilized to offset some or all of the $15,000,000 in county ARPA-funded costs. BE IT FURTHER RESOLVED that once approved the appropriation of ARPA – Local Recovery Funds shall not obligate a commitment of General Funds; Project DIAMOnD shall meet all federal, state, and local legal requirements, Oakland County policies and procedures, and Department of Treasury guidelines for the eligible expenditure of ARPA – Local Recovery Funds. BE IT FURTHER RESOLVED that a budget amendment will be required at this time. VOTE TRACKING - Board of Commissioners Motioned by: Commissioner Yolanda Smith Charles Seconded by: Commissioner William Miller III Yes: David Woodward, Michael Spisz, Karen Joliat, Kristen Nelson, Eileen Kowall, Christine Long, Philip Weipert, Angela Powell, Thomas Kuhn, Chuck Moss, Marcia Gershenson, William Miller III, Yolanda Smith Charles, Charles Cavell, Penny Luebs, Janet Jackson, Gary McGillivray, Adam Kochenderfer (18) No: None (0) Abstain: None (0) Absent: (0) Passed AGENDA ITEM: Resolution - Appropriation of American Rescue Plan Act - Local Fiscal Recovery Funds for Project DIAMOnD (Distributed Independent and Agile Manufacturing on Demand) Phase 2 22-312 COMMITTEE MEETING: Board of Commissioners DATE: Thursday, September 1, 2022 6:00 PM - Click to View Agenda ITEM SUMMARY SHEET DEPARTMENT SPONSORED BY Economic Development William Miller III INTRODUCTION AND BACKGROUND This MR is for the second Phase of Project DIAMOnD (Distributed independent and Agile Manufacturing oN Demand). POLICY ANALYSIS The resolution is seeking approval for the assignment of $15,000,000 in ARPA funds for future appropriation to the proposed Distributed Independent and Agile Manufacturing On Demand (DIAMOnD) Phase II Project (Program). The Program aims to enhance the emergency response readiness and general competitiveness of Oakland County’s (OC) small and medium enterprises (SMEs) through the application of digital technologies known as Industry 4.0. The 4th industrial revolution covers the application of technologies that include Artificial Intelligence, Machine Learning, Cloud Computing, Internet of Things, Additive Manufacturing and more. The SMEs will be provided with services and resources to help them re-train, re-organize, upskill, install and incorporate enabling technologies that will lay the foundation for a standing “virtual stockpile”. Phase I was approved on July 2, 2020, for $10M, MR #20242. The OC Economic Development department has been working with Automation Alley to establish the Oakland County PPE Resilience Program (also referred to the DIAMOnD Project). The Program is planned to consist of two phases comprised for the entirety of OC:  The successfully completed Project DIAMOnD Phase One, funded under the CARES Act, distributed 250 3D printers, addressing the acute economic impact driven by the COVID-19 virus.  2. Phase Two, which is funded by this resolution, addresses the chronic economic impacts of the COVID-19 virus through grants of capital equipment, which equals 750 3D printers. The OC Economic Development Department will look for and apply for any other appropriate sources of federal and state funds that could be utilized to offset some or all of the $15,000,000 in County ARPA-funded costs. Once approved, the appropriation of ARPA – Local Recovery Funds shall not obligate a commitment of General Funds; Project DIAMOnD shall meet all federal, state, and local legal requirements, Oakland County policies and procedures, and Department of Treasury guidelines for the eligible expenditure of ARPA – Local Recovery Funds. A budget amendment is not required. BUDGET AMENDMENT REQUIRED: No Committee members can contact Michael Andrews, Policy and Fiscal Analysis Supervisor at 248.858.5115 (office) or andrewsmb@oakgov.com, or the department contact persons listed for additional information. CONTACT Sean Carlson, Deputy County Executive II Ingrid Tighe, Director Economic Development-APP carlsons@oakgov.com, tighei@oakgov.com ITEM REVIEW TRACKING William Miller III, Created/Initiated - 9/9/2022 David Woodward, Board of Commissioners Approved - 9/9/2022 David Coulter, Executive's Office Approved - 9/10/2022 Lisa Brown, Clerk/Register of Deeds Final Approval - 9/14/2022 AGENDA DEADLINE: 09/01/2022 6:00 PM COMMITTEE TRACKING 2022-08-10 Economic Development & Infrastructure - Recommend and Forward to Finance, as amended 2022-08-10 Finance - Recommend to Board 2022-08-17 Full Board ATTACHMENTS 1. PD Phase 2.EDI.FC.8.24.22.v2 September 1, 2022 MISCELLANEOUS RESOLUTION #22-312 Sponsored By: William Miller III Economic Development - Resolution - Appropriation of American Rescue Plan Act - Local Fiscal Recovery Funds for Project DIAMOnD (Distributed Independent and Agile Manufacturing on Demand) Phase 2 Chairperson and Members of the Board: WHEREAS the United States Treasury allocated Oakland County $244,270,949 of Local Fiscal Recovery Funds (LFRF) established under the American Rescue Plan Act (ARPA) of 2021; and WHEREAS under the guidance of the Final Rule, the County may use these funds at their discretion to support eligible investments in public health expenditures, address negative economic impacts caused by the public health emergency; replace lost public sector revenue; provide premium pay for essential workers; and invest in water, sewer, and broadband infrastructure; and WHEREAS it is reasonable to anticipate that public health emergencies and the economic injury that accompanies them, as in the case of COVID-19 at present, will continue to occur with some frequency and potentially have nation-wide impact; and WHEREAS it is known that disruptions to local economies and unanticipated need, coupled with the inability to quickly produce necessary personal protection equipment, contributed to the severity of the COVID-19 pandemic in Oakland County; and WHEREAS it is in the interest of Oakland County and its manufacturing base to be prepared to meet the challenge of the ongoing COVID-19 pandemic and future emergencies; and WHEREAS the Oakland County Economic Development department has been working with Automation Alley to establish the Oakland County PPE Resilience Program (also referred to as Project DIAMOnD Program); and WHEREAS the program aims to enhance the emergency response readiness and general competitiveness of Oakland County’s small and medium enterprises (SMEs) through the application of digital technologies known as Industry 4.0; and WHEREAS Industry 4.0 is the term used to describe the 4th industrial revolution and covers the application of technologies including Artificial Intelligence, Machine Learning, Cloud Computing, Internet of Things, Additive Manufacturing and more; and WHEREAS subject to technological capability, SMEs will be provided with services and resources to help them re-train, re- organize, upskill, install and incorporate enabling technologies that will lay the foundation for a standing “virtual stockpile"; and WHEREAS Oakland County SMEs leveraging digital technologies will be agile and ready to convert operations quickly in response to urgent demand while also enhancing their competitiveness in normal times; and WHEREAS the Project is expected to be named Project DIAMOnD Phase II. Project DIAMOnD Phase II is to be comprised of the entirety of Oakland County; and WHEREAS the Project DIAMOnD Program is planned to consist of two phases: 1. The successfully completed Project DIAMOnD Phase One, funded under the CARES Act, distributed 250 3D printers, addressing the acute economic impact driven by the COVID-19 virus. 2. Phase Two, which is funded by this resolution, addresses the chronic economic impacts of the COVID-19 virus through grants of capital equipment, which equals 750 3D printers; and WHEREAS American Rescue Plan Act (“ARPA”) funding is appropriate to spend on the allocated cost because 1) improvements to data or technology infrastructure and, 2) loans and grants to mitigate financial hardship from COVID-19 are a designated use of ARPA funding. NOW THEREFORE BE IT RESOLVED that the Oakland County Board of Commissioners hereby appropriates $15,000,000 in ARPA funds to Oakland County Economic Development for the proposed Project DIAMOnD Phase II. BE IT FURTHER RESOLVED expenditure of these funds is contingent upon successful completion of a capital expenditure justification prior to the expenditure or reimbursement of any funds to Automation Alley. The expenditure justification will 1. Describe the harm or need to be addressed; 2. Explanation of why a capital expenditure is appropriate; 3. Comparison of proposed capital project against at least two alternative capital expenditures. BE IT FURTHER RESOLVED an application process will be proposed by Automation Alley and approved by Oakland County Economic Development to ensure that all eligible Small Manufacturing Enterprises (SMEs) will meet the criteria outlined in Treasury Guidance. BE IT FURTHER RESOLVED that Automation Alley will collect all applications from eligible Small Manufacturing Enterprises and present to Oakland County Economic Development for approval. BE IT FURTHER RESOLVED that the Chairman of the Board of Commissioners shall appoint two commissioners to work with Oakland County Economic Development and review and participate in application development, grant awards, and oversight of program. BE IT FURTHER RESOLVED that Automation Alley will be responsible for submitting quarterly expenditure reports to the Economic Development and Infrastructure Committee and in conjunction with Oakland County Economic Development it will confirm that the economic assistance provided by Project Diamond Phase II project is a direct and proportional response to negative economic impacts experienced as a result of COVID. BE IT FURTHER RESOLVED all subrecipient agreements for Project DIAMOnD Phase II will be submitted for authorization by the Chairman of the Oakland County Board of Commissioners. BE IT FURTHER RESOLVED that the Oakland County Economic Development Department shall seek and apply for any other appropriate sources of federal and state funds that could be utilized to offset some or all of the $15,000,000 in county ARPA-funded costs. BE IT FURTHER RESOLVED that once approved the appropriation of ARPA – Local Recovery Funds shall not obligate a commitment of General Funds; Project DIAMOnD shall meet all federal, state, and local legal requirements, Oakland County policies and procedures, and Department of Treasury guidelines for the eligible expenditure of ARPA – Local Recovery Funds. BE IT FURTHER RESOLVED that a budget amendment will be required at this time. Chairperson, the following Commissioners are sponsoring the foregoing Resolution: William Miller III. Date: September 09, 2022 David Woodward, Commissioner Date: September 10, 2022 David Coulter, Oakland County Executive Date: September 14, 2022 Lisa Brown, County Clerk / Register of Deeds COMMITTEE TRACKING 2022-08-10 Economic Development & Infrastructure - Recommend and Forward to Finance, as amended 2022-08-10 Finance - Recommend to Board 2022-08-17 Full Board VOTE TRACKING Motioned by Commissioner William Miller III seconded by Commissioner Penny Luebs to adopt the attached Resolution: - Appropriation of American Rescue Plan Act - Local Fiscal Recovery Funds for Project DIAMOnD (Distributed Independent and Agile Manufacturing on Demand) Phase 2. Yes: David Woodward, Michael Spisz, Karen Joliat, Kristen Nelson, Eileen Kowall, Christine Long, Philip Weipert, Angela Powell, Thomas Kuhn, Chuck Moss, Marcia Gershenson, William Miller III, Yolanda Smith Charles, Penny Luebs, Janet Jackson, Gary McGillivray, Adam Kochenderfer (17) No: Charles Cavell (1) Abstain: None (0) Absent: (0) Passed ATTACHMENTS 1. PD Phase 2.EDI.FC.8.24.22.v2 STATE OF MICHIGAN) COUNTY OF OAKLAND) I, Lisa Brown, Clerk of the County of Oakland, do hereby certify that the foregoing resolution is a true and accurate copy of a resolution adopted by the Oakland County Board of Commissioners on September 1, 2022, with the original record thereof now remaining in my office. In Testimony Whereof, I have hereunto set my hand and affixed the seal of the Circuit Court at Pontiac, Michigan on Thursday, September 1, 2022. Lisa Brown, Oakland County Clerk / Register of Deeds Project DIAMOnD Phase II Proposal Critical Questions for Project Diamond Phase II How did PDPII develop as a proposal? Why PDPII? Does PDPII meets Oakland County & ARPA guidelines? What SME’s will get 3D Printers? Expected impact if we move forward? Impact if we do not move forward? How did PDPII develop as a proposal? Renee Axt,CEO, SOS Works LLC Eric Dietz, Regional President, Huntington National Bank Sloan Herrick, Chief Operating Officer, Global Detroit John Kerr, Director Government Affairs,Denso Thomas Kelly, Executive Director/CEO, Automation Alley Alan Kiriluk, Chairman, Kirco Management Kate Knight,Director, Farmington DDC Grace Lee, President/CEO, Ashford Connex Martin Manna, President, Chaldean Chamber of Commerce Bill Roberts, Proprietor, Roberts Restaurant Group Sean Werdlow, Eminence Partners Barbara Whittiker, President, BW Limited LLC ED for Future Prosperity (EDFP) Workgroup: EDFP Objectives: Identify Transformational Projects Support Small businesses harmed by COVID Ensure that investments are proportional Invest in projects that will aid in building a more diversified & resilient economy How did PDPII develop as a proposal? EDFP Workgroup Advanced to Administration the Following Initiatives: Business Forward –Approved on 4/14/2022 Project Diamond II Placemaking/Livable Neighborhoods Site Readiness Revolving Loan Fund How did PDPII develop as a proposal? Why Project Diamond Phase II? Project Diamond was an initiative that was born out of the COVID pandemic. Oakland County asked Automation Alley for an idea that would: •Embrace industry 4.0 theories and put them into practice •Assist Oakland County’s 2,600+ manufacturers in becoming more resilient and responsive to future local and national crisis •Help mitigate supply chain issues and long lead time for critical supplies •Build a sustainable platform where SMEs could compete and look to reshore manufacturing Project DIAMOnD Phase I was a success •During pandemic, dispersed 250 3D printers •Michigan Works! and Project DIAMOnD partnered to train 23 companies and 47 workers •Project DIAMOnD Network recently printed tourniquets to aid Ukrainian defense efforts •Project DIAMOnD companies working with National Guard to manufacture parts Air and Liquid Systems (Rochester Hills) Why Project Diamond Phase II? PD Phase I Locations 244 Phase 1 locations Project DIAMOnD -Phase II Why Phase II? •Additive manufacturing changing today’s complex supply chain •Additive manufacturing projected to be 42% of the manufacturing production by 2028 •Phase II is potential tipping point Why Project Diamond Phase II? Industry 4.0 manufacturing communities: •Drive productivity and economic growth •Accelerate job and income growth •Enhance innovation and competitiveness •Support national resilience *** Oakland County has: •2,626 manufacturers •$13B Manufacturing GDP •66,790 manufacturing jobs •Creates 1.8 indirect job for every manufacturing position Reference:*St. Louis Federal Reserve; **HP/A.T. Kearney 2017; ***“Building a more competitive US manufacturing sector” McKinsey Global Institute April 2021; All Mfg data collected from 2020 Bureau of Labor Statistics’ Quarterly Census of Employment and Wages (QCEW) survey PDPII meets Oakland County & ARPA guidelines County Criteria Needs to be Transformational –Investment will leverage a County strength Yes, Oakland County is a leader in manufacturing PDPII integrates industry 4.0 technology into our SME’s Job & wage growth is a key driver in this blue collar industry OC’s manufacturing industry powers the County’s 21% of the State of Michigan’s GDP Cannot add to County Operational Cost outside of ARPA window PDPII does not add the operational cost of the County PDPII will be completed by 12/31/26 ARPA Criteria: Respond to Negative Economic Impacts from COVID 19 Meet Small Business Eligibility Requirements Proportional Response to negative impacts from COVID PDPII meets Oakland County & ARPA guidelines •Improvements to data or technology infrastructure •Impact evaluations Efficacy of Economic Relief Respond to the Negative Economic Impacts Address economic harm from or exacerbated by COVID-19 •Job training •Assistance to accelerate rehiring, •Deposits into State Unemployment Trust Funds Unemployment Assistance •Implementing safer opening procedures •Loans and grants to mitigate financial hardship from COVID-19 Support for Small Business & Non-Profits •Support safe reopening of industries and business districts •Provision PPE and COVID-19 prevention measures Aid to Impacted Industries •Programs addressing homelessness •Affordable housing development •Housing navigators and voucher programs Housing & Neighborhood Investments •Assistance for food, rent, burials, home repairs •Eviction prevention services •Cash assistance Assistance to Households •Payroll, benefits, and associated costs with rehiring public sector staff back to pre-pandemic levels Rehiring SLTT Staff •Early learning programs •Assistance to high-poverty districts •Evidence-based educational practices and student well-being initiatives Addressing Educational Disparities •High quality childcare and home visit services for new parents •Enhanced services for child welfare and foster youth programs Providing Healthy Childhood Environments PDPII meets Small Business Eligibility Requirements Targeting SME’s impacted by the pandemic in one of the following ways: ✓Decreased revenue or gross receipts ✓Financial insecurity ✓Increased costs ✓Capacity to weather financial hardship ✓Challenges covering payroll, rent or mortgage, and other operating costs Proportional Response to negative impacts from COVID Project Diamond Phase II initiative would provide 6.14% of Oakland County’s ARPA funds to Oakland County’s manufacturing industry for an industry which experienced 20% decline.** **UM RSQE 2022 Oakland County Economic Outlook Report. PDPII meets Oakland County & ARPA guidelines Current Oakland County Manufacturing Density Key concentrations: •Pontiac/Auburn Hills •Madison Heights/Troy •I-96 corridor •I-75 corridor •M-59 corridor •M-24 corridor Existing manufacturer Number of Manufacturers Per CVT Auburn Hills 226 Holly 23 Oxford 55 Berkley 13 Huntington Woods 3 Pleasant Ridge 2 Beverly Hills 4 Keego Harbor 3 Pontiac 66 Bingham Farms 9 Lake Orion 26 Rochester 36 Birmingham 44 Lathrup Village 7 Rochester Hills 152 Bloomfield Hills 44 Leonard 5 Royal Oak 61 Clarkston 25 Madison Heights 203 Southfield 148 Clawson 21 Milford 29 South Lyon 11 Commerce 25 New Hudson 29 Sylvan Lake 10 Davisburg 14 Northville 5 Troy 442 Farmington 22 Novi 150 Walled Lake 50 Farmington Hills 186 Oak Park 60 Waterford 55 Ferndale 80 Oakland 2 West Bloomfield 20 Franklin 4 Orchard Lake 2 White Lake 10 Hazel Park 28 Orion 8 Wixom 184 Highland 18 Ortonville 4 Wolverine Lake 2 Distribution of Project DIAMOnD 3D Printers Region #/% of Manufacturers Project Diamond Phase 1 Project Diamond Phase 2 Holly/Highland/Milford/Lyon Twp./South Lyon/White Lake Twp./Commerce Twp. 146/5.6%23/9.4%36-42 Walled Lake/Wixom/Novi/Northville 395/15%23/9.4%96-113 Farmington/FH/Southfield/Franklin/LV 368/14%27/11.1%91-105 Waterford Twp./Pontiac/Auburn Hills 350/13.3%53/21.7%86-100 Birmingham/Bloomfield Hills/West Bloomfield/Sylvan Lake 133/5.1%9/3.7%33-38 Troy/Clawson 463/17.6%35/14.3%114-132 Rochester/Rochester Hills 188/7.2%25/10.2%47-54 Oxford/Lake Orion/Clarkston 136/5.2%21/8.6%34-39 Madison Heights/Royal Oak 264/10%18/7.4%65-75 Ferndale/Oak Park/Huntington Woods 183/7%10/4.1%46-53 2,626 244 650-750 Expected Impact of Project DIAMOnD -Phase II •Can help address supply chain issues – reshoring •Additive Manufacturing could create 10,000-32,000 new skilled jobs in Oakland County •10,000 new skilled jobs would result in 14,777 spin-off jobs (retail, etc.) = Tax Base $25.1M •3DP could on-shore $600B Impact of Inaction •Since 2001, manufacturing in OC declined 17.4% and manufacturing jobs declined 38.0% •1997-2016, foreign sourcing of parts for domestic car manufacturing rose 10% to 15% •Peer countries meet 80-90%domestic demand with regional production. US meets only 70% domestic demand. •Since 1990, manufacturers with more than $1 billion in assets had seen revenues grow by more than 2% annually, while small and medium-size manufacturers posted negative growth •These trends, which were mirrored in other industries (and other advanced economies), either squeezed smaller suppliers out altogether or forced them into relentless price competition Conclusion •The adoption of 3D printing will: •attract investment (incl. manufacturing) •create robust new markets •ensure leadership and prosperity in the 4th Industrial Revolution and beyond •Public and private-sector resolve to shore up the manufacturing sector that has long been an important pillar of the economy •Ph. II combined with technology and market opportunities offers rare chance to change the existing downward trajectory for manufacturing •The direct and indirect effects could boost Oakland County Manufacturing GDP from $13B to $21.7B while adding 10,000 to 32,000 jobs •Oakland County has opportunity to help our companies with economic recovery, inclusive growth, resilience, and capabilities of the future Source:“Building a more competitive US manufacturing sector” McKinsey Global Institute April 2021