Even small reductions in aircraft weight can result in significant savings on aviation fuel. Global oil prices have plummeted, but that’s not keeping the aerospace industry from exploring new ways to reduce engine weight. “Investment in new-technology aircraft will not stop,” said Frank Pray, Chief Executive of aircraft lessor Intrepid Aviation, in a January 2015 article in the Wall Street Journal.
The American economy has lost nearly 5.8 million manufacturing jobs over the last two decades. Today, over 75% of U.S. manufacturers employ 20 or fewer workers. Although these small companies account for just 9% of the country’s manufacturing jobs, “they are by and large the types of businesses that have been growing and creating jobs” since the Great Recession, writes Kim Gittleson of the BBC News.
What happens when a General Electric scientist retires, taking with him or her more than 30 years of experience working on the next big idea? A new network of engineers and scientists called Wise Labs is looking to solve that problem. Read this and other top stories in this week’s manufacturing news roundup.
While manufacturing has never been more important to the American economy, many manufacturers report that they are unable to fill positions requiring skilled workers, according to the latest report from the National Academy of Engineering. Read this and other top news stories in this week’s manufacturing roundup.
Penny Pritzker, the U.S. Secretary of Commerce, has announced the extension of a billion-dollar program that’s designed to accelerate the resurgence of American manufacturing. The Commerce Department’s Economic Development Administration (EDA) will designate up to 12 additional regions as “manufacturing communities” under the latest round of the Investing in Manufacturing Communities Partnership (IMCP) initiative.
ThermoLift had the unique opportunity to attend and exhibit our technology at the 2015 ARPA-E Energy Innovation Summit. The event brings together the very best
New York State is home to a vibrant food manufacturing and distribution industry. Small vendors in related markets, such as beverage production and tableware, are also thriving. Businesses can’t grow with capital, however, and many startups struggle to get bank loans. However, as a recent article in Crain’s points out, for entrepreneurs that sell to a certain supermarket company, the supply chain itself may a funding source.
In this week’s New York State manufacturing news, many are concerned about recent studies that project a growing shortage of skilled workers over the next decade. Other top stories discuss innovation in the Hudson Valley, entrepreneurship in the U.S., and 3-D printing.