The FLC is the nationwide network of federal laboratories whose mission is to promote and facilitate the rapid movement of federal laboratory research results and technologies into the mainstream of the U.S. economy.
“Adopt a City” matched small and mid-size manufacturers with subject matter experts from NASA Glenn to help companies solve challenges they were experiencing with a new or existing product. NASA Glenn provided up to 40 hours of pro bono assistance to each company, the City of Cleveland and Cuyahoga County made low interest loans available to companies needing financial assistance, while MAGNET served as the project coordinator helping the following eight manufacturers in 2012.
“The award shows the national significance these efforts have taken on in putting together this unique partnership in our geographic area,” said NASA Glenn Director James Free. “These awards have become one of the most prestigious honors in technology transfer.”
“MAGNET is delighted to have partnered with NASA Glenn, the City of Cleveland and Cuyahoga County to bring this meaningful program to life and provide the world-class assistance of the NASA Glenn staff to manufacturers needing best-in-class assistance to overcome technical problems with their products, making significant revenue or job creation possible for those companies,” said MAGNET President Daniel E. Berry.
“We are proud to be recognized along with other great organizations such as NASA Glenn, MAGNET and Cuyahoga County,” said Cleveland Mayor Frank G. Jackson. “This award confirms the collaborative effort and work that goes on throughout our region every day to build our economy and support local business.”
“Cuyahoga County is extremely pleased to be honored alongside our partners at the NASA Glenn Research Center, the City of Cleveland and MAGNET with this award recognizing the collective regional effort in assisting small business in their product development and technology transfer challenges,” said Cuyahoga County Executive Ed FitzGerald. “We will continue to foster their growth in these and other creative ways so that entrepreneurs can succeed and create jobs in Northeast Ohio.”
Being recognized for their efforts in stimulating economic development in Northeast Ohio when the FLC Awards will be presented on April 23 in Rockville, Maryland will be:
clare.crawford, Greg Krizman, Ed Nolan and Megan Tomsik from MAGNET
Paul Bartolotta, Carol Tolbert and Eric Baumann from NASA Glenn
Tracey Nichols and Anthony Thornton from the City of Cleveland
Article submitted by Bank of America For mid-market companies, business success and responsible growth aren’t mutually exclusive. In fact, prioritizing responsible growth is becoming increasingly important, and successful companies are making sustainability central to their growth strategies. Beyond good corporate citizenship, they are recognizing the intrinsic link between the strength of their business and that of the communities and economies in which they operate. Leading your growth with those goals in mind builds resilience and better solutions for the future. Consider the following: Responsible growth companies perform better. Companies that consider the impact of risks and opportunities on the environment, local communities and society may produce better financial results than those that don’t. Additionally, 90% of companies believe a sustainability plan is important for remaining competitive. Responsible growth companies attract investment. A 2016 study by MIT Sloan Management Review and Boston Consulting Group surveyed 3,000 executives and managers from more than 100 countries. Findings revealed that 75% of senior executives in investment firms agree that a company’s sustainability performance is materially important to their investment decisions, and nearly half would not invest in a company with a poor sustainability record. Ninety percent of executives see sustainability as important, but only
HEADLINE The survey definitively shows that product innovation leads to more growth, while “grow your own workforce” strategies will be needed to fill the major labor shortages hampering small manufacturer growth. Emerging technologies like the Internet of Things (IoT), 3D printing, and digital manufacturing are beginning to enhance innovation and productivity, but still have significant room for adoption amongst Ohio’s small manufacturing businesses. ABOUT THE SURVEY Under the direction of the Ohio Manufacturing Extension Partnership (Ohio MEP), MAGNET: The Manufacturing Advocacy and Growth Network conducted a thorough survey of Ohio’s manufacturing base. Contributing approximately 20% of Ohio’s jobs (and driving in some regions up to 50% of Ohio’s economy), and generating a disproportionate amount of export revenues and Gross Regional Product, manufacturing is critical to Ohio. Greater than 95% of Ohio’s manufacturers are small (under 500 employees), and these manufacturers need to remain competitive both nationally and internationally to ensure our economy’s health. Ohio’s Development Services Agency and the National Institute of Standards and Technology, which runs the MEP, recognizes the importance of this sector and fuels MAGNET and the Ohio MEP program to directly serve and support innovation, efficiency, and growth in small and medium manufacturers. What manufacturers need
How Virtual Reality and Augmented Reality Can Help Keep Our Engineers Safe and Our Manufacturing Strong Recall how difficult it was to put together complex LEGO creations when you were a child or helping a child. Now, picture assembling a fighter plane from a room full of parts. Even highly trained engineers can benefit from technology to help improve consistency and quality. Virtual reality (VR) and augmented reality (AR) are making near-perfect assembly a possibility in the manufacturing space. By wearing AR glasses that use cameras, depth sensors and motion sensors to overlay images onto the real working environment, engineers and factory workers can visualize the exact bolts, parts, part numbers and instructions on how to assemble a particular component correctly. Lockheed Martin began using AR goggles and improved F-35 assembly time by 30 percent, in addition to increasing accuracy to 96 percent. In order to remain competitive, businesses should consider the ways VR and AR can improve efficiency and supply chain productivity. According to a recent BofA Merrill Lynch Global Research report, AR platforms can provide companies up to 25 percent in cost savings on installation of equipment. Here are four ways VR/AR is disrupting the mid-market manufacturing space: