Round Up for the Week of 3/2/15

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Need to catch up on the latest manufacturing news? Here are this week’s top stories.

Power Breakfast: Manufacturers Put Focus On Workers, Labor Skills

“Darby said that with so many entities providing workforce development services, each perform similar roles. He would like to see the process streamlined. What’s missing, he said, is one to orchestrate it and give companies like his what they need: skilled people who can start immediately, and understand how to function in a workplace.”
Read the full story at Buffalo Business First.

US Manufacturing Faces A Two-Million-Worker Shortage Over The Next Decade

“The United States faces a need for nearly 3.5 million manufacturing jobs over the next decade and 2 million of those jobs are likely to go unfilled due to the skills gap, according to new research from Deloitte and The Manufacturing Institute.”
Read the full story at Deloitte.

STEP Ahead Awards Recognize Women For Excellence In Manufacturing

“The Manufacturing Institute announced they will award 130 women Honorees and Emerging Leaders with the Women in Manufacturing STEP (Science, Technology, Engineering and Production) Ahead Award. The STEP Ahead Awards honor women who have demonstrated excellence and leadership in their careers and represent all levels of the manufacturing industry, from the factory-floor to the C suite.”
Read the full story at The Manufacturing Institute.

Manufacturing Growth Slows; Construction Spending Falls

“Manufacturing activity continued to grow in February, but the pace of growth slowed, partly due to the West Coast port slowdown. That’s according to the Institute for Supply Management’s PMI Index for manufacturing, [which] fell to 52.9 last months, its lowest level in more than a year.”
Read the full story at Buffalo Business First.

Innovation At Core For IBM, GlobalFoundries

“In the year ahead, IBM Corp. and GlobalFoundries will face anew the need to re-invent strategies to stay viable. For GlobalFoundries, it will be figuring out how to take over a sprawling semiconductor complex known as the Hudson Valley Research Park when it closes a deal to buy IBM’s chip manufacturing business.”
Read the full story at Poughkeepsie Journal.

Innovation Drives Hudson Valley

“If there is a secret sauce that spices the mid-Hudson Valley economy, it must be innovation. It’s not legacy businesses of yesteryear, factories that have gone into history. It’s not just sitting still, a formula for failure. And it’s not big new companies that hire hundreds.”
Read the full story at Poughkeepsie Journal.

Are You Ready For 3-D Printing?

“Systems for additive manufacturing, or 3-D printing as it’s better known, represent just a fraction of the $70 billion traditional machine-tool market worldwide. Yet given the likelihood that this technology will start to realize its promise over the next five to ten years, many leading companies seem surprisingly unaware of its potential—and poorly organized to reap the benefits.”
Read the full story at Innovation Daily. 

SUNY Poly To Receive $1M In Grants

“National Grid is awarding SUNY Polytechnic Institute two grants totaling $1 million that will be used to demonstrate new clean energy technologies at SUNY Poly’s ZEN building.”
Read the full story at Times Union.

Commerce Department, SBA Try To Kickstart Entrepreneurship Engine

“New research shows that the country’s rate of business creation, which peaked about a decade ago, fell 31 percent during the recession and has been slow to bounce back. That’s despite the fact that the share of the U.S. population between ages 25 and 55 — usually the prime years for starting a business — has expanded, according to new data released by the Kauffman Foundation, a research and advocacy group, at its annual state of Entrepreneurship symposium Wednesday.”
Read the full story at Innovation Daily.

Study: Workers Lack Job Skills

“An estimated 2 million U.S. manufacturing jobs will go unfilled over the next decade because workers lack the skills to fill those positions, according to a study released this week by an industry research group and a major accounting firm. But skeptics say that shortfall would be significantly lower if manufacturers raised their wages.”
Read the full story at Times Union.


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