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Manufacturing Round Up for the Week of 11/20/2015

Manufacturing-News-FuzeHub-11-20-2015

SolarCity Takes On $100 Million Investment; Higgins Calls for Extending Federal Tax Credit

“SolarCity Corp. has taken on a $100 million investment from Silver Lake Kraftwerk, along with $10 million from board chair Elon Musk and $3 million from CEO Lyndon Rive, the company announced Wednesday.”
Read more here.

Frontline: Walmart’s “Made in USA” Program Encourages Reshoring

“Arnold Kamler, CEO of Kent International, Inc., has a strategic plan. This year the Parsippany, N.J.-headquartered global supplier of bikes and accessories is assembling 175,000 bikes in the United States. Next year the goal is 300,000, and by 2017, 500,000 assembled.”
Read more here.

Rochester Region Sees Increase In Jobs In October

“From October 2014 to October 2015, the metro area gained 7,600 non-farm jobs, or 1.4 percent, while the private sector added 8,400, or 1.9 percent. Rochester was one of 10 regions statewide with private-sector job gains last month. Non-farm jobs include private sector and government jobs. The figures are not seasonally adjusted.”
Read more here.

Plug Power Will Start Selling New, More Reliable Fuel Cells

Plug Power, the Latham, New York, fuel cell maker, will start shipping a new, more reliable fuel cell to power its forklifts in the fourth quarter of 2015. That’s according to an announcement from the company on Wednesday. The more powerful cells, called the GenDrive 3340, will be made in Latham.

Read more here.

New York Manufacturing Reports Say October Was Sluggish

“After the rebound in September from August’s poor performance, I thought we might be back in expansionary territory for a while,” said Jay Walker, assistant professor of Economics at Niagara University, who compiles the report. “It seems like the national macroeconomic indexes have been showing strength but we’ve had some problems locally.”
Read more here.

League Of Extraordinary CEOs: Reasons To Be Optimistic About Manufacturing

“Thanks to the ‘maker movement’ and a new emphasis on careers in skilled trades, manufacturing has come into vogue with a new generation of kids eager to design and create.”
Read more here.

USDA Awards Homer Dairy Farm More Than $190K In Grant Funding

“Trinity Valley, LLC in Cortland County will use federal grant funding of more than $190,000 to expand the customer base for the line of fluid milk and milk products it produces and processes at the family dairy farm.”
Read more here.

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