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Master Lock president and chief executive John Heppner is among the corporate leaders gathered today in the White House, where President Barack Obama is hosting a forum on "insourcing American Jobs."
Obama is exploring ways to encourage more American companies to bring manufacturing jobs back to the United States.
Master Lock, which is headquartered in Oak Creek and has a production facility in Milwaukee, has brought more than 100 jobs back to Milwaukee since late 2010.
In the coming weeks, Obama plans to propose new tax proposals to reward companies that choose to invest or bring back jobs to the United States, and to eliminate tax advantages for companies moving jobs overseas.
"Today I am meeting with companies choosing to invest in the one country with the most productive workers, best universities, and most creative and innovative entrepreneurs in the world: the United States of America. That's exactly the kind of commitment to country we need – especially now, at this make-or-break moment for the middle class. And I'm calling on those businesses that haven't brought jobs back to take this opportunity to get the American people back to work. That's how we'll rebuild an economy where hard work pays off and responsibility is rewarded – and a nation where those values live on."
In conjunction with the forum, the White House today released a report that details the emerging trend of "insourcing" and how companies are increasingly choosing to invest in the United States.
In the past two years, 334,000 manufacturing jobs have been created in the United States, while manufacturing production has increased by about 5.7 percent on an annualized basis since its low in June of 2009, its fastest pace in a decade.
Today's forum at the White House was scheduled to be live streamed at www.whitehouse.gov.
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