U.S. Manufacturing Growth Is Uneven: Should NYS Worry?

Elena Garuc FuzeHub Blog, Must Read Slider 0 Comments

It’s no secret that American manufacturing bled jobs during the Great Recession. During 26 trying months, from December 2007 to February 2010, manufacturing’s misfortune accounted for half the decline in U.S. GDP. Now that that the nation is experiencing a manufacturing revival, does the patient deserve a clean bill of health?

Some vital signs are improving. For example, from February 2010 to May 2014, the manufacturing sector added 646,000 jobs. That wasn’t the only good news for hourly employees. During this same period, the average length of their work week climbed from 39.3 to 42.1 hours. While earning regular paychecks and overtime pay, American manufacturing workers boosted total output and added-value production.

Crowdfunding: The Latest Economic Growth and Fundraising Tool

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In an effort to stimulate economic growth in the startup and emerging business sectors, Congress is working on new rules and regulations that will make it easier for businesses to raise capital directly from the public. To raise awareness of this initiative, the Center of Excellence in Wireless and Information Technology (CEWIT), NYSTAR, Sensor CAT, and the Center for Biotechnology presented a Crowdfunding Workshop earlier this year to discuss the latest economic growth and fundraising tool.

How to Measure New York’s Manufacturing Revival

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If you could build a time machine, would you want to travel back to 1979 or 1953? For manufacturers who survived the 1970s, the last year of that difficult decade was when the total number of U.S manufacturing jobs peaked at 20 million. For industries that thrived during the “Happy Days” of the 1950s, the year 1953 was when the highest percentage of Americans (28%) worked in factories.

Today, plenty of pundits and economists are extolling America’s manufacturing revival. Reshoring is hot, and stories about Made in USA manufacturing are promising. As author Daniel Ikenson notes, however, the term “revival” implies that there was a decline. Yes, it’s true that modern-day manufacturing isn’t matching the metrics of 1979 or 1953. But did those numbers mean all that much to begin with?

How New York Manufacturers Can Increase Exports

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Does your NYS manufacturing company ship products to Canada? Have you considered opening an office in China, or a warehouse in Mexico? Depending on your industry, maybe markets in Asia, Europe, or India are a better fit. New York manufacturers have a world of options when it comes to international trade, and the Empire State supports exports by land, sea, or air.

So where do you start, especially if your manufacturing company is a small-to-medium enterprise (SME) instead of a large corporation? In an article called “Four Steps to Making the Most of Export Opportunities,” trade expert Paul Daemen explains what you need to do. Evaluating market potential is important, but it’s only the first step in a process that requires research and analysis.

FuzeHub Partners with Etsy

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Scaling the Maker Economy through Small-Batch Manufacturing Etsy and Fuze Hub will conduct a pilot to help small designers and makers scale their production through local manufacturing partnerships, while educating small and mid-sized manufacturers about how to better meet the needs of small designers. Originally funded by a NIST MEP grant, FuzeHub connects participants to a wide array of manufacturing resources …

Access to Capital: Food and Beverage Enterprise

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Are you in the food, beverage or agricultural industry in New York State? On Tuesday June 24th, attend a free conference and resource expo sponsored by The Federal Reserve Bank of NY, NYS Empire State Development, and NYS Department of Agriculture and Markets. Agenda Hear from experts about: Which type of financing is most appropriate for you What lenders look …

Apply for 2014 JumpStart Projects

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Now accepting applications for Fall 2014 JumpStart projects! The CCMR JumpStart program — a semester-long partnership that pairs New York State small businesses that have well-defined technical needs with Cornell faculty and students who have the expertise to help. More – Projects receive a dollar for dollar match for project expenses up to $5,000 – The application process is fast, …

Call for Papers: CEWIT2014

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The 11th International Conference & Expo on Emerging Technologies for a Smarter World (CEWIT2014) October 29 & 30, 2014 Melville Marriott Long Island Melville, New York, 11747, USA We cordially invite you to submit your contribution to the 11th International Conference & Expo on Emerging Technologies for a Smarter World (CEWIT2014). Originally known as the International Conference on Cutting-Edge Wireless & Information Technologies, …

Governor Cuomo Announces FuzeHub is Helping Manufacturers Grow in Long Island

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Governor Cuomo today announced that FuzeHub, a new statewide initiative to grow manufacturing companies, is successfully finding solutions for businesses across the State – including Long Island companies such as Hydrolutions North America and Solaravy. The collaboration and resource platform works with the New York Manufacturing Extension Partnership (MEP) program, universities and existing state programs to help connect small and medium-sized manufacturing companies with the solutions they need grow their business. To date, FuzeHub has provided assistance to more than 400 companies in New York State.

Why You Should Follow FuzeHub on LinkedIn

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Written by: Steve Melito Would you like to get news about New York manufacturing while you’re on LinkedIn? Would you like to become a thought leader, sharing insights and opinions with your Empire State peers? Are you ready to connect with other thought leaders, but not sure where to find them on-line? Then it’s time to follow FuzeHub on LinkedIn. LinkedIn is …