New York SBDC Research Network

From Rodon Group : Friday, October 6th is National Manufacturing Day. According to the MFG Day website, "MFG DAY addresses common misperceptions about manufacturing by giving manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing is — and what it isn’t. By working together during and after MFG DAY, manufacturers will begin to address the skilled labor shortage they face, connect with future generations, take charge of the public image of manufacturing, and ensure the ongoing prosperity of the whole industry. Supported by a group of industry sponsors and co-producers, MFG DAY is designed to amplify the voice of individual manufacturers and coordinate a collective chorus of manufacturers with common concerns and challenges." Census Bureau data

From the Census Bureau: Observed on the first  Friday  in October. Key Stats: Source: Annual Survey of Manufactures. This infographic contains statistics indicating that manufacturing establishments show gains in receipts, but lower employment  over time.    Infographic: Manufacturing in America: 2015 Source: 2014 Annual Survey of Manufactures.  More Stats: Source:  Census  Library.    Visualization:  Measuring America: Manufacturing in America: 2016 Source: Manufacturers’ Shipments, Inventories, & Orders . The Manufacturers’ Shipments, Inventories, & Orders (M3) survey provides broad-based, monthly statistical data on economic conditions in the domestic manufacturing sector. The survey measures current industrial activity and provides an indication of future business trends.    Manufacturers' Shipments, Inventories, & Orders  home page    Mon...

From ThomasNet : Think it's tough to get a job in the manufacturing industry? While that may be the common perception, the truth is that the manufacturing job market offers more opportunities than you think. In fact, Forbes recently looked at the state of the hiring within the industry and found that all but 18 of the country’s 70 largest metropolitan regions have seen an uptick in industrial employment since 2011. They also ranked all 357 metropolitan areas to determine the locations with the best, most thriving manufacturing employment situations. Rankings are based on a number of factors, including recent growth trends (year-over-year and the last two years) mid-term growth (2011-2016), long-term growth (2005-2016) and regional momentum. So, which areas topped the list? Here's a partial list... *Albany-Schenectady, in upstate New York, is the only metro area in a "blue" state ranked in the top 10. With local factories producing everything from steam and g...

From ThomasNet : After holding steady at 3.9% for March and April, the unemployment rate for manufacturing declined to 3.2% in May – its lowest point since June 2000. Meanwhile, the 0.7 percentage-point drop represents the largest improvement in the unemployment rate since June 2016, when the unemployment rate fell a full percentage point, from 4.7% to 3.7%. The number of unemployed persons within the industry fell from 620,000 to 504,000 – the lowest it has been since at least 2000. However, the number of people employed within the industry fell by 1,000 workers. Many durable goods sectors experienced job growth in May, including the Machinery sector, which added 3,700 new jobs – the most of any sector in the industry.

The New York Small Business Development Center is pleased to recognize the boldest, brightest, and best small companies and enterprising individuals in New York State.  Eight small business owners were honored at the 2017 Client Awards ceremony on Apri l 24, 2017.  Read all their stories here.  Hartman Enterprises Incorporated is a precision machine parts manufacturer located in Oneida that employs more than 45 people. The business’ facility consists of over 25,000 square feet of manufacturing space. Since taking over the family business, CEO Jaime Sweet has achieved her father’s dream of making the business woman-owned and certified. She worked closely with the Mohawk Valley SBDC to achieve this goal and to navigate the various federal and state certification programs. The company is now HUBZone and WOSB certified, and their MWBE certification application is pending review by New York State. Jaime has also worked tirelessly to garner the company various awar...

From ThomasNet : How can we measure growth for the industry overall? A good barometer is the state of the manufacturing workforce. That’s why we will be regularly diving deep into the latest information from the Bureau Of Labor Statistics to take the pulse of hiring in the industry and to highlight sectors that are growing. According to the BLS's Employment Situation report for December, a total of 156,000 new jobs were added to the economy. However, despite this increase, the national unemployment rate ticked up one percentage point, from 4.6% in November to 4.7% in December. Within the manufacturing industry, a total of 17,000 new manufacturing jobs were created during the month. However, the unemployment rate rose slightly, from 3.9% to 4%, meaning the industry finished the year with the exact same unemployment rate as it did in 2015. As far as year-over-year growth manufacturing job growth, 2016 proved to be a mixed bag. While many sectors either held steady or lost wor...

IEN's exclusive report, "The State of Manufacturing & Digital Commerce," is now live. Download the report, for free , to read: • How manufacturing companies fail at online sales. • How real-time pricing can help close the deal. • How to identify online competition. • How tech investment can improve sales. • How dynamic content enhances website performance. • How to make sure you're not leaving money on the table.

Note: This post originally appeared on the  White House blog . It is authored by Jason Miller, Deputy Assistant to the President and the Deputy Director of the National Economic Council. Summary: We applaud new legislation that's helping startups scale up production in the United States.  The story of American manufacturing is one of grit and resilience. But it’s also the result of investments across the public and private sectors in skills and cutting-edge technologies to lay the foundation for a new period of manufacturing growth and resurgence. Over the past five years, we’ve added nearly 900,000 new manufacturing jobs, the fastest rate of growth in decades. Manufacturing production has increased by almost a third since the recession, and the number of factories operating in the United States is growing for the first time since the 1990s. Right now is a moment of opportunity for American manufacturing that we cannot allow to pass us by. North America is becoming...

In recognition of the third annual Manufacturing Day on Oct. 3, the Census Bureau releases an update of an infographic highlighting a wide range of statistics pertaining to the manufacturing sector of the economy. Topics explored include manufacturing employment and payroll compared with other sectors, production by specific manufacturing industries, and state-level statistics. Internet address: < http://www.census.gov/how/ infographics/manufacturing_ 2014.html >.

Different industries are having different reactions to the Affordable Care Act.  Below are some articles on different industries and how they say the ACA will effect them How latest change in health care bill impacts restaurants Manufacturers warn of ObamaCare fallout New Obamacare Regulations Spark Growth in Vending Industry Companies Say Obamacare Is Slamming The Health Care Industry I've tried to provide a mix of industries above.  If you are interested in finding information on an industry that I haven't touched on, please comment below, and I will try to find information for you.  If you would like to search on your own, I advise looking at an association website.  Associations are valuable sources of up-to-date information on specific industries.

To compete in an increasingly global economy, the United States must come up with innovative strategies that will lead to economic growth and job creation around the country. The ‘Investing in Manufacturing Communities Partnership’ (IMCP) seeks to enhance the way we leverage federal economic development funds to encourage American communities to focus not only on attracting individual investments one at a time, but transforming themselves into globally-competitive manufacturing hubs. An administration-wide initiative led by the White House and the U.S. Department of Commerce, the ‘Investing in Manufacturing Communities Partnership’ will encourage communities to devise comprehensive economic development strategies that strengthen their competitive edge in attracting global manufacturers and their supply chains. IMCP specifically brings together the resources of multiple federal departments and agencies involved in economic development. In Phase One of the of the ‘Investing in Manuf...

U.S. total business end-of-month inventories for June were $1655.2 billion, virtually unchanged (+/-0.1%)* from last month. U.S. total business sales were $1285.8 billion, up 0.2 percent (+/-0.2%)* from last month. June 2013: 0.0* % change in inventories May 2013: -0.1* % change in inventories

ThomasNet.com's latest 2012 Industry Market Barometer® most notably shows continued growth and confidence among respondents in the manufacturing sector. Overall, this survey, with responses from 3,700 professionals, reveals an emergence of pride for the "Made in America" brand. Companies are extremely committed to keep jobs at home where skilled labor is in demand, but also concernedly short of hands. Read the full report and find out: What's driving and sustaining business growth; Where employment opportunities are and the challenges that surround hiring; What are manufacturers’ key investment areas; What can help change the image of American manufacturing; And more!

American FactFinder (AFF) is the Census Bureau’s primary dissemination tool for many Census Bureau Programs, including: Decennial Census American Community Survey Population Estimates Economic Census of the United States Economic Census of the Island Areas Survey of Business Owners Commodity Flow Survey County & ZIP Code Business Patterns Nonemployer Statistics Annual Survey of Manufacturers These programs listed above account for more than 60 datasets and publish data for over 12 million different geographies. To accommodate this large amount of data, AFF follows a topic based approach. You build a search by selecting keywords and filters from different search menus. As you add additional keywords and filters, the search results become limited to only the tables that meet the criteria. Once you have refined the search results to a suitable level, you can either download or view one or more tables. The table(s) will display the data selected.

According to the Labor Department, more than 400,000 manufacturing jobs have been created since the start of 2010. America’s small manufacturers are a critical part of that. BLS and Census data reports that 98 percent of America’s manufacturing firms are small. More than one in three Americans who work in manufacturing, work at a small business. Read More .

The U.S. is still the leading manufacturing nation on earth and the percent of GDP that manufacturing occupies has remained about the same for the past 30 years. More here .

From the Bureau of Labor Statistics [PDF] Manufacturing sector multifactor productivity declined at a 5.7 percent annual rate in 2009, the U.S. Bureau of Labor Statistics reported. This was the largest annual decline in multifactor productivity since the series started in 1987. The multifactor productivity decline in 2009 reflected a 12.5 percent decrease in output and a 7.2 percent decrease in combined inputs.

" Manufacturing Industry News is your go-to resource for latest news and trends in manufacturing. Our mission is to help manufacturing companies keep up with industry news, stay ahead of the competition and achieve business growth. Affiliated with HubSpot , a Cambridge-based inbound marketing softare company, Manufacturing Industry News seeks to offer you practical takeaways for sustainable manufacturing and growth strategies."

The Census Bureau has introduced a new, user-friendly Internet tool that takes all the guesswork out of finding, downloading and using data from economic indicators. For the first time, users can access data from multiple indicators in one place and all in the same format. This tool provides an easy way to create data tables in ASCII text or time series charts in your favorite spreadsheet format. Users can select an indicator and choose data by item, time period and other dimensions using drop-down menus. Of the Census Bureau's 12 economic indicators, four are operational in the new tool now — international trade, manufactures' shipments, monthly wholesale trade and quarterly services; the remainder are expected to be available in this database throughout the course of 2011. See also a blog on this tool.

Does international pressure really affect the survival of domestic manufacturers? Does it have the same effect regardless of size? A new study released by the Office of Advocacy, The Impact of International Competition on Small-Firm Exit in U.S. Manufacturing, provides answers. The study finds that changes in exchange rates affect the smallest of manufacturers, those with fewer than 20 employees, but have limited a impact on larger manufacturers. Manufacturing firms in high-tech industries felt less impact from international pressures than low-tech industries did. A full copy of this report is available here and the research summary can be found here . Should you need further information, please feel free to contact Brian Headd at (202) 205-6533 or advocacy@sba.gov. *** This report, "Characterization and Analysis of Small Business Energy Costs," compiles available information to (1) characterize the potential impact of energy price increases on small entities in individu...