Foreign Factories Come Back Home

The big draws for making things in the U.S.: rising wages abroad, cheap energy here.

Once again, Apple is in the vanguard of what many experts expect to be a major trend. This time, however, it's not what the company produces that's creating the buzz, but where. Apple has announced that, starting this year, it will manufacture some Mac computers in the U.S. rather than in Asia, where most of the company's goods are produced. The move works out to about a $100 million investment, and Apple watchers say it could create 200 jobs — a relatively small contribution "but not trivial," says Harvard Business School professor Gary Pisano, author of Producing Prosperity: Why America Needs a Manufacturing Renaissance. "Apple is a role model. If it puts plants back in the U.S., it could change the way other companies think."

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Anne Kates Smith
Executive Editor, Kiplinger's Personal Finance

Anne Kates Smith brings Wall Street to Main Street, with decades of experience covering investments and personal finance for real people trying to navigate fast-changing markets, preserve financial security or plan for the future. She oversees the magazine's investing coverage,  authors Kiplinger’s biannual stock-market outlooks and writes the "Your Mind and Your Money" column, a take on behavioral finance and how investors can get out of their own way. Smith began her journalism career as a writer and columnist for USA Today. Prior to joining Kiplinger, she was a senior editor at U.S. News & World Report and a contributing columnist for TheStreet. Smith is a graduate of St. John's College in Annapolis, Md., the third-oldest college in America.