Kim Lloyd

New York State’s medical technology industry is home to multinationals such as Welch Allyn and Bristol-Myers Squibb, and to startup companies whose innovative ideas could be the next big thing. For medical device manufacturers of all sizes, the U.S. Food and Drug Administration’s (FDA) recent announcement about expediting the regulatory process is welcome news.

Are you getting the most value from your engineering department? Do engineers have time for tasks that are critical to your company’s long-term success, or are they so busy with today’s projects that there’s too little time to mitigate tomorrow’s risks? In a recent survey from IHS Engineering360 Media Solutions, many engineers reported tighter resource constraints, a faster pace of work, and increasingly complex designs. What does this mean for your manufacturing business both today and tomorrow?

Critics of tax breaks for manufacturers describe state and federal policies as “corporate welfare”, and claim that tax-based incentives are ineffective. As a recent article from the State Science & Technology Institute (SSTI) explains, however, research and development (R&D) tax credits help more than just manufacturing companies. Two new studies show how businesses that claim R&D tax credits are less likely to lay-off employees, and are more likely to support satellite industries through capital expenditures.