You can be on Entrepreneur’s cover!

Searching for Business Ideas? 9 Industries that Obama Policies Will Actually Help A report from market-research firm IBIS World delves into the segments of the economy most likely to be affected by laws out of Washington, D.C., in coming years.

By Catherine Clifford

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

Shutterstock

Searching for business ideas? You might consider President Barack Obama's policy agenda as a jumping off point. Seriously.

According to a recent report by research firm IBIS World, President Obama's policy goals are expected to be key drivers of potential revenue growth, innovation and available federal subsidies in a handful of industries.

In particular, President Obama has laid out a second-term agenda which is expected to make significant changes to the healthcare industry, alternative energy, construction and education. The Obama Administration's ability to fully act on its goals will be determined by forthcoming budget discussions, notes Lauren Setar, analyst for Los Angeles-based IBIS World, which recently released a report on the sectors likely to be affected by Obama's second-term policies. Here is a rundown:

Related: Health-Care Innovators Get President Obama's Attention

Health care: The implementation of the Affordable Care Act is expected to mean that more people will eventually be covered by insurance. As a result, more people will be able to afford more prescription drugs, too. Obama said in the State of the Union address that he wants to reduce subsidies to pharmaceutical companies. What's more, health-care reform aims to make generic drugs more affordable, giving a boost to the manufacturers, says Setar.

Industry: Generic pharmaceuticals manufacturing
Revenue in 2013: $44.7 billion
Average expected revenue growth per year through 2015: 5 percent
Average expected employment growth per year through 2015: 5.3 percent

Related: Businesses Have Additional Year Before Facing Obamacare Penalty Fees

Alternative energy: President Obama's "all-of-the-above" energy policy includes government subsidies for the wind and solar-power industries in the form of tax credits. Growth in these alternative energy sectors will depend on whether government subsidies are extended.

Industry: Wind Power
Revenue in 2013: $6.9 billion
Average expected revenue growth per year through 2015: 9.5 percent
Average expected employment growth per year through 2015: 8.7 percent

Industry: Solar Power
Revenue in 2013: $165.2 billion
Average expected revenue growth per year through 2015: 7.9 percent
Average expected employment growth per year through 2015: 7.9 percent

Related: Illinois Sparks an Electricity Efficiency Cluster

Construction: You have probably noticed a pothole or two on a recent summer drive. The bridge-and-tunnel infrastructure in the U.S. is aging and troubled. President Obama has outlined a "Fix-It-First" proposal which would give many construction workers a job and would work to revitalize the nearly 70,000 bridges in the U.S. which Obama has called "structurally deficient." Federal funding for the industry has already been secured through fiscal year 2014.

Industry: Bridge and tunnel construction
Revenue in 2013: $25.1 billion
Average expected revenue growth per year through 2015: 5.2 percent
Average expected employment growth per year through 2015: 4.7 percent

Related: This Kind of Cluster Could Actually Help Your Business

Education: Obama aims to make preschool available to every child in America and wants to make colleges and universities more affordable. Lower-cost higher education is expected to get additional government subsidy, while higher-cost universities and colleges will likely get less government subsidy, says Setar. Preschools will likely not get additional support from Uncle Sam, says Setar. Approximately 70,000 3 to 5 year olds lost access to a young education program Head Start in the wake of the sequester.

Industry: Colleges and universities
Revenue in 2013: $445.2 billion
Average expected revenue growth per year through 2015: 2.6 percent
Average expected employment growth per year through 2015: 2.6 percent

Industry: Public schools
Revenue in 2013: $616 billion
Average expected revenue growth per year through 2015: 1 percent
Average expected employment growth per year through 2015: 1.2 percent

Related: White House Plays Offense: Says Immigration Reform Will Turbocharge Entrepreneurship

Manufacturing: Obama has repeatedly underscored the need for the U.S. to re-establish its manufacturing prowess. While the Big Three automakers in Detroit nearly collapsed during the Great Recession, they have rebounded, says Setar. Also, demand for hybrid and fuel-efficient cars is supporting the auto-manufacturing industry. Increased demand for customized products will grow 3D printing and the manufacturing of related parts.

Industry: Cars and automobile manufacturing
Revenue in 2013: $96.9 billion
Average expected revenue growth per year through 2015: 6.3 percent
Average expected employment growth per year through 2015: 3.3 percent

Industry: 3D Printer manufacturing
Revenue in 2013: $2 billion
Average expected revenue growth per year through 2015: 15.4 percent
Average expected employment growth per year through 2015: 4 percent

Industry: 3D Printing and rapid- prototype services
Revenue in 2013: $799.5 million
Average expected revenue growth per year through 2015: 15.6 percent
Average expected employment growth per year through 2015: 4 percent

Related: Youngstown, Ohio, a Leader in 3-D Printing and Manufacturing Innovation, Says Obama

Catherine Clifford

Senior Entrepreneurship Writer at CNBC

Catherine Clifford is senior entrepreneurship writer at CNBC. She was formerly a senior writer at Entrepreneur.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Editor's Pick

Side Hustle

He Took His Side Hustle Full-Time After Being Laid Off From Meta in 2023 — Now He Earns About $200,000 a Year: 'Sweet, Sweet Irony'

When Scott Goodfriend moved from Los Angeles to New York City, he became "obsessed" with the city's culinary offerings — and saw a business opportunity.

Travel

Save on Business Travel with Matt's Flight's Premium, Only $80 for Life

This premium plan features customized flight deal alerts and one-on-one planning with Matt himself.

Science & Technology

Here's One Reason Urban Transportation Won't Look the Same in a Decade

Micro-EVs may very well be the future of city driving. Here's why, and how investors can get ahead of it.

Health & Wellness

Do You Want to Live to Be 100? This Researcher Has the Answer to Why Longevity is Not a Quick Fix or Trendy Diet

Ozempic, cold plunges, sobriety and the latest health fads are not what science reveals will help you live a longer and healthier life.

Data & Recovery

Better Communicate Data with Your Team for $20 with Microsoft Visio

Visio features a wide range of diagramming tools that can support projects across all industries.