President Obama visited Nike Headquarters in Portland, Oregon on Friday (May 8), in hopes of developing advanced manufacturing and a domestic supply chain within the U.S.
In support of Trade Promotion Authority (TPA) and the Trans-Pacific Partnership (TPP), announced its intention to to accelerate investment for manufacturing Stateside. Thus, creating of up to 10,000 manufacturing and engineering jobs, in addition to thousands of construction jobs and up to 40,000 indirect supply chain and service jobs in the U.S. over the next decade.
“We believe agreements that encourage free and fair trade allow Nike to do what we do best: innovate, expand our businesses and drive economic growth,” said Mark Parker, Nike President & CEO. “Nike has always led the way in product innovation, and now we will be able to accelerate our investments to continue to drive manufacturing innovation.
“We commend President Obama for his strong leadership to advance these important trade initiatives,” he continued. “Our employees and our business depend on free trade and the ability to reach athletes and consumers around the world.”
Currently, Nike employs 26,000 people in the U.S. and does business in 190 countries across the globe.
In Oregon, it has a manufacturing footprint employing thousands, and contributes an annual economic impact of more than $2.5 billion in the state alone.