U.S. manufacturing is staging a comeback. Here’s why you should keep your eye on it!

From the desk of Miles Everson: I hope your week is going well! Every Wednesday, I talk about investing in the hopes of helping you attain financial freedom through this activity. Today, let’s talk about a golden wave of opportunity that’s about to hit a specific segment of the U.S. economy. Curious to know more? Keep reading below!

U.S. manufacturing is staging a comeback. Here’s why you should keep your eye on it! In March 2024, American semiconductor firm Intel unveiled its plans to build a manufacturing site on empty land near Columbus Ohio, with the work expected to start as early as 2027. Intel isn’t the only one making moves in Ohio, as Microsoft and power generation developer Invenergy have also invested a vast amount of money in the central part of the U.S. state. Not to be outdone, Amazon also plans to spend an estimated USD 7.8 billion for the same purpose over the next six years. So, what do these developments signify exactly? These sizable investments in the heartland of America signals a revival of U.S. manufacturing. For those of you who might now know, the U.S. lost 5.8 million manufacturing jobs from 2000 to 2009. Now, these manufacturing jobs are coming back in a BIG way not just in Ohio, but also in the rest of the U.S. The Revival of U.S. Manufacturing According to consulting firm McKinsey, the revival of manufacturing could add up to 1.5 million jobs, particularly among middle-skill workers, and would help bolster the middle class and recalibrate the U.S. labor market. The great news? This rebirth is already starting as new factories are springing up all over the U.S. According to figures from the U.S. Census Bureau, spending on factory construction hit a high of USD 108 billion in 2022. This growth is forecasted to balloon to USD 141 billion in 2023—a growth of over 30%, despite high interest rates and tight credit. McKinsey predicts this trend will boost the U.S.’ gross domestic product (GDP) by 15% over the next decade. If you need even more proof that manufacturing is about take off, here are the names of the billionaires who are pouring into U.S. manufacturing: Elon Musk Warren Buffett Bill Gates Jezz Bezos Richard Branson Musk’s Tesla is investing USD 770 million in a factory in Texas. Meanwhile, Buffett’s holding company, Berkshire Hathaway, is spending USD 500 million to build a solar-powered industrial site. These developments show there are companies and billionaires who are willing to revive U.S. manufacturing. — Rising geopolitical risk, fears surrounding overly complex supply chains, and America’s desire to invest in itself are the primary forces for the revival of U.S. manufacturing. Simply said, manufacturing jobs are coming back home… and it’s even more exciting for investors because a select group of stocks in this corner of the market are about to take off. U.S. manufacturing is poised to reach another golden age, so keep your eye on this sector the next time you scour the market for new opportunities! Hope you’ve found this week’s insights interesting and helpful. EXCITING NEWS AHEAD The world of work has shifted, and there’s no going back. The barriers to entry have never been lower for talented professionals to work independently, and today’s massive external workforce is hardly a pandemic-produced fad. Business owners can only survive in the new work landscape by partnering with this deep talent pool. With decades of experience in both small-business entrepreneurship and executive management at PwC, I truly believe that the future of work is independent. With that, I’m happy to share with you that my book, co-authored with Walter Scott Lamb, is now available for pre-order on Amazon! Free Birds Revolution: The Future of Work & The Independent Mind This is an essential read for both independent professionals and corporate executives. Here, we provide educational and practical guides to unpack the ever-growing workforce and offer you crucial ways to become a client of choice. Click on the link above to pre-order your copy. Let this book help you future-proof your career and organization in the new world of work.     Stay tuned for next Wednesday’s The Independent Investor! According to Professor Joel Litman, Chairman and CEO of Valens Research and Chief Investment Strategist of Altimetry Financial Research, throughout the history of modern U.S. investments, stocks have outperformed EVERYTHING ELSE. Learn more about why the U.S. stock anomaly is here to stay in next week’s article!