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Manufacturing Summit Planned to Accelerate Industry Growth

CT is 30th in the nation in manufacturing competitiveness. The Connecticut Manufacturing Summit, Jan. 25 at Trumbull Marriott, explores opportunities to strengthen the manufacturing sector.

“Manufacturing is vital to Connecticut’s economic health and future. Now, after decades of uncertainty, the state’s manufacturers could be entering a new era of opportunity. Employment is rising, companies that moved overseas are returning and continuous improvement initiatives are helping many manufacturers hone their operations and enhance competitiveness.” 

That assessment, from the Connecticut Business & Industry Association, is driving a Connecticut Manufacturing Summit on Friday, January 25 at the Trumbull Marriott.

The program will include an overview of U.S. manufacturing from Steve Menaker, Partner,  McGladrey LLP, and a presentation of CBIA’s report, Connecticut Manufacturing: Building on the Past, Creating Our Future, issued in mid-2012, from Pete Gioia, Vice President and Economist at CBIA. Among the key stats that will inform the discussion:

  • Connecticut is home to nearly 5,000 manufacturing companies that employ approximately 165,000 people and produce a vast array of products.
  • A CBIA/ DataCore Partners index contained in the report, placed Connecticut as 30th in the nation for manufacturing competitiveness.
  • Connecticut ranked 9th in the nation in the Milken Science and Technology Index that measures states’ ability to support growing manufacturing industries. (The ranking is based on public investments in R&D, a well-educated and skilled workforce, and the availability of risk capital to help convert R&D into viable technology products and services.)
  • Citing manufacturing as a jobs driver, the report also said that for each manufacturing job created in the state, between 1.5 and 4 additional jobs are created in other parts of the economy.

The Summit will also include manufacturing executives discussing approaches for achieving success, resources needed for sustaining success, and strategies for cost-control and streamlining operations. 

There’s more to the story at http://ctbythenumbers.info/2013/01/06/manufacturing-summit-planned-to-accelerate-industry-growth/

 

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