White House outlines new initiatives for innovation, manufacturing
To mark the anniversary of its executive order on supply chains, the White House released a fact sheet this morning outlining past and future actions to strengthen American competitiveness. The release includes several initiatives that have not been discussed widely before, including that: the Export-Import Bank of the U.S.
Industry 4.0 adoption doubles among Indiana manufacturers in a year
More than 40 percent of Indiana’s manufacturing companies successfully implemented Industry 4.0 technologies in 2021, more than doubling the number that had reported that a year earlier, according to a recent Conexus Indiana report. The advanced manufacturing and logistics (AML) industries are considered the backbone of Indiana’s economy. Indiana manufacturers account for more than $100 billion of the state’s economy and employ 17 percent of the state’s workforce.
U.S. knowledge- and technology-intensive industries added value even during pandemic downturn
A recent National Science Board’s Science and Engineering Indicators report on the knowledge- and technology-intensive (KTI) industries analyzed production, trade and enabling technologies of KTI industries and found that KTI industries contributed 11 percent to both U.S. GDP ($2.3 trillion) and global GDP ($9.2 trillion) in 2019. Even though overall U.S.
Pandemic compounds manufacturing workforce shortage, robots not filling the void
Manufacturers in the U.S. have been facing workforce shortages despite nearly six years of recent job gains in the sector. Those gains and more have been wiped out by the Covid-19 pandemic, compounding the labor shortage problem for a sector that has often struggled to keep pace with the changing demands of technology. However, this exacerbated labor shortage shows that robots are not taking all the jobs, only increasing the level of tech skills workers need to do their jobs.
Innovation and new opportunity front and center in the American Jobs Plan
As noted in our separate overview, the 25-page American Jobs Plan provides goals, highlights and proposals, but also raises questions about how proposals would be implemented and even exactly how much money would be spent.
Arkansas, Indiana and California form international agreements on tech innovation, climate change and manufacturing
Three states — Indiana, California and Arkansas — have recently participated in international diplomacy, creating strategic connections and developing agreements to address climate change and trade barriers with the United Kingdom, New Zealand, and Canada. These recent agreements may suggest a shift toward innovation-focused diplomacy at the state level with nations across the globe.
Energy provides $123 million for manufacturing innovation projects
The U.S. Department of Energy announced more than $123 million across 46 awards to projects supporting manufacturing innovation. About half of the funds are going to efficiency improvements in manufacturing processes, with the remainder split between improving chemical manufacturing and supporting more efficient facilities and systems. SSTI members included among the project awardees include Argonne National Lab, Sandia National Lab, University of Cincinnati, University of Michigan, and the University of Tennessee.
Small-batch manufacturing needs connections to grow
In a recent report focused on the impact of the small-scale manufacturing sector, the Urban Manufacturing Alliance (UMA) compiled what they say is a first-ever examination of what this emerging sector looks like and what may help charge its growth. They found an information gap on these businesses, as many of them combine design, art and production, and fall outside of data collection categories used to classify manufacturers.
Report highlights challenges, lessons learned for reshoring advanced manufacturing companies
Reshoring manufacturing companies claim to be able to innovate at increasing rates, but some cite challenges with hiring qualified workers and with the country’s regulatory and trade policy environment, according to a new report from Select USA, a national program led by the U.S. Department of Commerce focused on business investment. In Reinvesting in the USA: A Case Study of Reshoring and Expanding in the United States, authors from Select USA look at the experiences of six manufacturing companies that chose to reinvest in their U.S. operations, providing detail on what drove them to reshore, challenges and benefits to the move, and general lessons learned. They find that, although the reshoring process was more expensive and time consuming than the case companies expected, local partners such as economic development agencies provided valuable resources to make the process easier.
Grant Fund for Biotech Companies on Wisconsin's Legislative Agenda
Wisconsin Gov. Scott Walker is the latest governor to call a special session focused on economic development proposals he says will create jobs (see the Sept. 7, 2011 issue of the Digest). Gov. Walker issued the executive order last week, calling it a "Back to Work Wisconsin" special session.
Seven States Selected to Identify, Implement Strategies for Enhancing Manufacturing
A newly established policy academy providing guidance and technical assistance will help seven states improve their environment for innovation and align state R&D investments, workforce development and education systems with current and future needs of advanced manufacturing industries. The policy academy will help each state develop a plan or overcome barriers for putting a plan into action through a highly interactive team-based process that includes input from NGA, MEP, EDA, SSTI, private sector consultants, and research organizations.
NIST to Fund Two New Manufacturing Innovation Institutes
The U.S. Department of Commerce's National Institute of Standards and Technology (NIST) plans to fund up to two new institutes within the National Network for Manufacturing Innovation (NNMI). NIST's solicitation will be the first in which the funding agency has not predetermined the industry of focus for the institute, however, the agency is particularly interested in topics deemed critical by the President's Council of Advisors on Science and Technology (PCAST) Advanced Manufacturing Partnership. These include manufacturing robotics and biopharmaceutical manufacturing.
Despite Economic Troubles, Public Remains Committed to Manufacturing Sector
Most American (86 percent of survey respondents) believe manufacturing is "either important" or "very important" to our national economy, according to a new survey from the Manufacturing Institute and Deloitte. Topped only by the energy industry, manufacturing finished as the second most important industry to the national economy.
MEP Centers continue to deliver consistent ROI to nation
Despite facing enormous challenges posed by the COVID-19 pandemic, manufacturers and Manufacturing Extension Partnership (MEP) Centers continued to deliver a “consistent and significant return on investment to the nation,” in FY 2020, according to a new analysis from the W.E. Upjohn Institute. MEP Centers deliver technical assistance to primarily small- and medium-sized manufacturing establishments to help them improve their productivity and competitiveness.
Report: Heartland stands to benefit most from reshoring
The COVID-19 pandemic highlighted the country’s reliance on overseas manufacturing production when there was a lack of medical supplies and equipment to treat those affected by the virus as supply chains were reliant on supplies from outside the country. A recent report from Heartland Forward finds that many domestic and foreign companies are recognizing the strategic advantages of locating in the U.S. and are considering reshoring operations.
Manufacturing outlook looking up
Manufacturing activity has rebounded sharply from the depths of last year’s slowdown due to the pandemic and global recession, according to the National Association of Manufacturers (NAM) first quarter outlook survey. The survey marked the third straight quarter of increased optimism among respondents, with 87.6 percent of manufacturers saying they felt either somewhat or very positive about their company’s outlook.
Achieving an equitable innovation economy
A range of equity-based strategies to support scale-up programming for small-scale manufacturers are among the findings of a recent report from the Urban Manufacturing Alliance (UMA).
A range of equity-based strategies to support scale-up programming for small-scale manufacturers are among the findings of a recent report from the Urban Manufacturing Alliance (UMA). In Making, Scaling and Inclusion, UMA found that the economic development field is hungry for strategies that remove employment barriers and build the talent of low-income and economically disadvantaged communities to drive economic growth in their cities and the report offers guidance for building equitable innovation economies.
US manufacturing sector poised for revitalization but without the jobs, McKinsey says
In Making it in America, McKinsey Global Institute researchers contend that for the U.S. to see a revitalization of its manufacturing sector (as measured by global market share), the public and private sectors should treat it as a national priority. However, they warn that the revitalization will not produce a return to 1960s-style manufacturing employment. In the 1960s, the manufacturing sector employed approximately 30 percent of all American workers – it is down to approximately 9 percent today (a 70 percent reduction). The authors contend that due to the changing shape of manufacturing, technology, global competition, and other market demands that manufacturing job growth would only be modest. Most of the job growth potential will be found in other sectors that would benefit from increased economic activity.
Useful Stats: GDP by County and Industry Contribution
This edition of Useful Stats examines the Bureau of Economic Analysis’ first full release of county-level gross domestic product (GDP) data. Specifically, this analysis considers total county GDP in 2018 and the contributions to each county’s GDP by industry.
This edition of Useful Stats examines the Bureau of Economic Analysis’ first full release of county-level gross domestic product (GDP) data. Specifically, this analysis considers total county GDP in 2018 and the contributions to each county’s GDP by industry.
While finance and insurance in New York ($222.5 billion) accounted for the single largest contribution to both total county GDP and total U.S. GDP in 2018 — followed by real estate and rental and leasing in Los Angeles ($150.2 billion) — the manufacturing sector was the highest contributor to county GDP in the greatest number of counties. Manufacturing was the primary source for county GDP in 927 out of more than 3100 counties — accounting for nearly $2.3 trillion of total U.S. GDP in 2018. Government and government enterprises (768 counties) accounted for the second most frequent leader in county GDP contributions — totaling $2.4 trillion nationally — followed by real estate and rental and leasing (647 counties) — totaling $2.7 trillion nationally. The next closest industry was agriculture, forestry, fishing and hunting which was the top contributor to GDP in only 209 counties — and only accounting for a national total of $138.4 billion.
The map below shows counties with manufacturing, government, real estate, mining, and agriculture as their predominant industry. The map shows that manufacturing is the leading industry in counties in the Midwest and South while agriculture is centered primarily within the Plains region.
Tech Talkin’ Govs: Part I
Now in its 14th year, SSTI's Tech Talkin' Govs series has returned as governors across the country formally convene the 2014 legislative sessions. The series highlights new and expanded TBED proposals from governors' State of the State, Budget and Inaugural addresses. The first edition includes excerpts from speeches delivered in Idaho, Kentucky, New York, Virginia, and West Virginia.
NC Wins Latest Manufacturing Innovation Institute Focused on Electronics
The first of three new manufacturing innovation institutes will be headquartered in Raleigh, NC, and led by a consortium of 18 companies, seven universities and labs, and the state of North Carolina. The announcement was made today by President Obama. Developing wide-bandgap semiconductor devices and industry-relevant processes is the goal of the Next Generation Power Electronics Institute. Such technologies are used to develop smaller, faster, cheaper and more efficient electronics for personal devices, electric vehicles and renewable power interconnection, according to a press release. The selection process is still underway for two other institutes, with awards expected in the coming weeks.
Tech Talkin’ Govs: Part II
The second installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Alabama, Arizona, Georgia, Iowa, Kansas, Rhode Island, South Dakota, Vermont and Virginia.
Budget Round Up: States Address Higher Ed Affordability, Research Capacity, Workforce
Several common themes surrounding higher education have emerged as governors across the country unveil investment priorities for the upcoming fiscal year or biennium. In many states, governors have proposed more funding to increase affordability by freezing tuition or creating new scholarship funds. Support for expanding research capacity, technology-related infrastructure and job training in high-demand industries are some of the proposed measures aimed at competitiveness.
Tech Talkin’ Govs: Part III
The third installment of SSTI’s Tech Talkin’ Govs series includes excerpts from speeches delivered in Delaware, Michigan, Missouri and New Mexico.
NY Budget Proposes New Genomic Medicine Network, STEM Scholarship
The FY15 budget proposal outlined last week by Gov. Andrew Cuomo would provide funding to continue many of New York’s innovation-focused efforts while investing in new initiatives, including a genomic medicine network and STEM scholarship program.