Overview

• Pratt Industries announced a $5 billion investment to expand U.S. manufacturing, creating 5,000 jobs in Arizona, Michigan, Ohio, and Pennsylvania.
• The pledge aligns with President Trump’s push to reindustrialize America, showcased during a White House event marking the first 100 days of Trump’s second term.
• Anthony Pratt, an Australian-born billionaire and U.S. permanent resident, has cultivated a close relationship with Trump, including significant financial support to his campaigns.
• Pratt Industries currently operates 70 U.S. factories employing 12,000 workers, specializing in recycled paper and corrugated box manufacturing.
• The investment reflects the administration’s strategy of leveraging foreign capital through expedited approvals and regulatory incentives to bolster domestic production.