States Betting on Manufacturing: Investing in Economic Growth Across the United States, states are recognizing the potential of manufacturing as a catalyst for economic growth and job creation. According to the National Association of Manufacturers, manufacturing contributes over $2 trillion to the U.S. economy annually. States such as Michigan, Texas, and Indiana are actively investing in initiatives to attract and retain manufacturing businesses, offering incentives such as tax breaks, workforce training programs, and infrastructure improvements. These investments not only stimulate local economies but also strengthen the nation's industrial base. By fostering an environment conducive to manufacturing innovation and expansion, states are positioning themselves for long-term economic success and competitiveness in the global marketplace. Our neighbor and valued customer U.S. Boiler recently announced investment in the Lancaster area motivated in part by State incentives! This move will create new jobs and growth in the area for years to come. Learn more about U.S. Boiler here: https://bit.ly/3wkcxap Thank you for reading! By Konrad L For more check out our website: https://lnkd.in/g2J5JruP
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The Industrial Strategy is launched: The Government launches the first Industrial Strategy in seven years | FE News https://lnkd.in/ezCW8BHZ #IndustrialStrategy
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The Industrial Strategy is launched: The Government launches the first Industrial Strategy in seven years | FE News https://lnkd.in/ehrceuwn #IndustrialStrategy
The Government launches the first Industrial Strategy in seven years | FE News
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The Biden Manufacturing Boom That Isn’t U.S. industry output has been flat for two years, despite huge subsidies. - Kamala Harris is vying for votes in the Midwest by touting the Administration’s efforts to boost U.S. manufacturing. In the recent debate, she boasted about “building a clean energy economy” and “investing in American-made products.” So what’s the Administration’s actual record? - Start with the top line, which is that U.S. manufacturing output hasn’t fully recovered from its pandemic plunge and is lower than in 2013. Most manufacturing growth under Mr. Biden occurred during his first year in office amid the post-Covid rebound. Businesses scaled up production owing to an increased demand for goods that was super-charged by the pandemic largesse. (Read More? Requires a subscription) https://lnkd.in/gWE9wVvH
Opinion | The Biden Manufacturing Boom That Isn’t
wsj.com
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#NationalManufacturingDay2024 - Is it time for a new manufacturing revolution? The East of England has many recognised centres of knowledge and innovation with important links between higher education institutions and industry. Approximately 18% of all businesses in the East of England can be classed as knowledge-intensive industries. These firms account for nearly 15.5% of all employees in the region, which is broadly in line with the national average. While most industries depend in some way on knowledge, knowledge intensive businesses are particularly dependent on highly skilled workers and technology. In terms of jobs, manufacturing is the third largest knowledge intensive industry in the region employing just over 3% of the total workforce and over 40% of all manufacturing jobs in the East. https://lnkd.in/ejTzF6u9
Is it time for a new manufacturing revolution?
easternpowerhouse.uk
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The Opportunity of Manufacturing in the U.S. Manufacturing continues to be a driving force in the U.S. economy, especially in the Midwest and West. Key states like Michigan (5.0%), Minnesota (5.7%), Nebraska (4.8%), Colorado (3.5%), and Utah (4.8%) represent major industrial hubs contributing significantly to the manufacturing ecosystem. The central U.S. or "industrial heartland" is particularly strong, with Kansas, Indiana, and Missouri leading national and global supply chains. As reshoring and domestic production gain momentum, these regions are positioned for growth. Emerging Trends and Opportunities <Reshoring: Manufacturing is experiencing a renaissance, as companies seek localized solutions to reduce foreign dependency. <Innovation: With Industry 4.0 and automation, states like Minnesota and Michigan can leverage new tech to remain globally competitive. <Workforce Development: The need for skilled labor presents significant upskilling opportunities. <Export Growth: Manufacturing hubs are well-positioned to increase export contributions, especially in historically strong states like Michigan.
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10 days remaining to provide input to the consultation on the UK's industrial strategy. Details of how to provide input are given in the link below. #industrialstrategy #industrialpolicy #manufacturing #skills #innovation https://lnkd.in/eUAkzrtv
Invest 2035: the UK’s modern industrial strategy
gov.uk
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In recognition of National Manufacturing Day, we’re highlighting how Florida’s manufacturing industry continues to support the state’s booming economy. DYK: ✔️ For every 100 manufacturing jobs, another 744 indirect jobs are sustained. ✔️ Florida’s manufacturing GDP has grown from $43.5 billion to $73 billion. ✔️ 25,000 manufacturing businesses state-wide.
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U.S. manufacturing is experiencing a dynamic comeback, fueled by innovations in clean energy and supportive federal policies. This revival is creating over 100,000 new manufacturing jobs and revitalizing factory towns across the country. Discover how new clean energy manufacturing facilities are re-instilling pride and purpose in Americans: bit.ly/3WUbTvh #InvestingInAmerica
The New U.S. Manufacturing Renaissance | ACP
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The drumbeat for re-shoring manufacturing continues and it getting louder. But what will it take to succeed at this new wave? It's all about people: from the C-Suite to the shop floor...we need many people who now how to make valuable things and make them at scale. This is America's new industrial revolution! #reshoring #manufacturing #MFHouston https://lnkd.in/eDbVyYqi
A Reshoring Renaissance Is Underway
sloanreview.mit.edu
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Despite high interest rates, geopolitical tensions, and cost pressures in labour, materials and energy prices, deal activity improved by 15% in 2023 compared to 2022: https://bit.ly/3uERGhE #M&A #industrialmanufacturing #Automotive #Deals #labourcost #geopolitics #interestrates
German M&A Trends in Industrial Manufacturing and Automotive: 2024 Outlook
pwc.de
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