The first is a joint White House supply chain innovation report, which highlights the role small and medium-sized manufacturers play in creating and retaining manufacturing jobs and investment in the United States, the Commerce Department said in a news release.
The second is a public-private partnership competition aimed at further supporting small manufacturers.
"The United States has added 877,000 manufacturing jobs since February 2010, the fastest and strongest growth since the 1990s," Pritzker said. "Our small manufacturing firms have played an important role in this recovery, and as today's report by the Department of Commerce shows, form the backbone of U.S. supply chains. Strengthening our supply chains is critical to ensuring the long-term competitiveness of U.S. manufacturers of all sizes."
The Commerce Department's Economics and Statistics Administration released a joint White House report this week, titled "Supply Chain Innovation: Strengthening America's Small Manufacturers." The report explores the need to strengthen small manufacturers, which employ 42 percent — or nearly half — of all U.S. manufacturing workers — up 10 percentage points from their share in the 1980s.
However, they are only 60 percent as productive as large manufacturers, "in part because of unique challenges they face in adopting new technologies and processes," the release said.
The report also outlines several public-private partnerships and new federal efforts to strengthen U.S. manufacturing overall by helping address those challenges.
The Manufacturing Extension Partnership competition will award nearly $320 million annually for five years — $158 million in federal funds matched by $158 million or more in private investment — to operators in 12 states to strengthen and reinvest in the nationwide network of manufacturing expertise.
Nonprofits working with manufacturers in each of the 12 states will have the opportunity to compete for cooperative agreements to operate MEP centers and expand the range of production and technology acceleration services offered to small manufacturers, and help bring their products to market.
The above post was written by John Hilton of the Central Penn Business Journal. To learn more about this article please contact Mr. Hilton at firstname.lastname@example.org. To learn more about MEP and the region's local MEP center, MANTEC, please contact David Blain CPA, CVA, MANTEC Board Member and Partner at McKonly & Asbury at email@example.com.